Investor Presentaiton
TMK...Growing Rig Count and Footage Drilled per Rig ...
U.S. average annual rig count(1)
2 500
Footage drilled per rig
(000's)
2 000
1 500
1 000
500
1 879 1919
1 862
1 761
1 546
978
509
400
CAGR 7%
312
300
277
277 276
212
219
192
1 011
200
169 173
876
100
0
0
2010 2011 2012 2013 2014 2015 2016 2017 2018E
2010 2011 2012 2013 2014 2015 2016 2017 2018E
Source: Baker Hughes, Spears & Associates, Inc.
Source: Spears & Associates, Inc.
Rig count increased by more than 70% YoY in 2017. According to Spears & Associates, the rig count is
expected to increase by 15% YoY in 2018E
Number of rigs used for horizontal drilling continued to increase in 2018, according to Baker Hughes
According to Spears & Associates, over the past 8 years footage drilled per rig grew at a CAGR of 7%
Notes: (1) Numbers for 2007 - 2017 based on Baker Hughes data, numbers for 2018E based
on median between BTU Analytics, Raymond James, and Spears & Associates estimates.
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