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Creates a New Industry Leader with Significant Size Enterprise Value $ 5.4 $ 3.9 $3.9 $ 3.4 $ 3.1 $ 2.7 $ 2.3 $ 1.6 $ 1.5 $ 1.3 $ 0.9 $ 0.6 $ 0.5 Combined NABORS HP PROFRAC | PATTERSON-UTI C NEXTIER Precision VRPC ENSIGN PROPETRO TRICAN WS An Oil & Gas Services Company DRILLING LIBERTY CAL FRAC PATTERSON-UTI NEXTIER Source: Company filings, Capital IQ, Bloomberg, IBES. Data as of 13-Jun-2023. Note: $ in billions. 10 10

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