Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — Investor Day (September 2015)
91 slides from Flotek Industries's investor day presentation, September 2015
Slide 1: Investor Days New York City
September 2015 Investor Days New York City
Slide 2: Welcome and Introductions
Welcome and Introductions Chris Edmonds Senior Director, Corporate Finance & Strategy
Slide 3: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements and information included in this presentation constitute “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on certain assumptions and analyses made by the Compan
Slide 4: Participants
Participants John Chisholm Chairman, President, and Chief Executive Officer Chris Edmonds Senior Director, Corporate Finance and Strategy Rob Schmitz Chief Financial Officer Richard Fox Vice President, Sales & Marketing Bob Fielding Senior Vice President, Reservoir Performance Steve Reeves Executive
Slide 5: Introduction to Flotek
Introduction to Flotek John Chisholm Chairman, President and Chief Executive Officer
Slide 6: Flotek Overview
Flotek Overview Headquarters: Houston, TX NYSE Ticker: FTK Share Price: $19.86 Enterprise Value: $1.0 Billion 2014 Revenue: $449.2 Million Website: www.flotekind.com Flotek is a Houston-based oilfield technologies company with focus on value-added drilling, completion and production prod
Slide 7: Flotek Overview
Flotek Overview Energy Chemistry Consumer and Technologies Industrial Technologies Production Drilling Technologies DrillingTechnologies Technologies Flotek Industries Inc., is a diversified global supplier of customized chemistries and drilling and production technologies to the energy industry.
Slide 8: Flotek Overview: Energy Chemistry Technologies
Flotek Overview Flotek's Energy Chemistry Technologies provides oilfield specialty chemicals and logistics as well as reservoir characterization and petroleum engineering services to solve the toughest drilling, cementing, stimulation and production challenges.
Slide 9: Flotek Overview: Drilling Technologies
Flotek Overview Flotek's Drilling Technologies designs, manufactures, repairs, markets and installs downhole drilling tools used in oilfield, mining and water industries.
Slide 10: Flotek Overview: Production Technologies
Flotek Overview Flotek's Production Technologies provides innovative production systems including hydraulic lift technology, electric submersible pumps, and specialized production valves.
Slide 11: Flotek Overview: Consumer and Industrial Technologies
Flotek Overview Flotek's Consumer and industrial Technologies delivers high-quality products that meet the demands of a variety of consumer and industrial applications.
Slide 12: Flotek Research & Innovation
Flotek Research & Innovation John Chisholm Chairman, President and Chief Executive Officer James Silas, Ph.D. Vice President, Research & Innovation
Slide 13: Research and Innovation
Research and Innovation Flotek leads in research and innovation efforts that support our vision and our commitment to best-in-class, environmentally advanced solutions for the energy industry. Our patented Complex nano-Fluid® suite of technologies increases production while protecting the environm
Slide 14: Research and Innovation
Research and Innovation Dr. James Silas - Vice President, Research and Innovation Dr. Silas is responsible for leading Flotek’s scientists and research team in forging new chemistry technologies and strategies for enhancing reservoir performance. In addition, Dr. Silas spearheads the company’s tec
Slide 15: Research and Innovation
Research and Innovation Flotek has developed over 40 unique CnF® formulations, optimizing its value based on geography, rock properties and other physical attributes of specific formations. Our understanding of the ways which CnF® technologies perform in different basins grows daily. Flotek R&I te
Slide 16: Research and Innovation
Research and Innovation Flotek R&I has footprints in: • The Woodlands, TX • Waller, TX • Marlow, OK • Winter Haven, FL • Calgary, AB • Abu Dhabi, UAE
Slide 17: Intellectual Property
Intellectual Property 70+ Flotek’s patent portfolio is currently 70+ and growing, up from less than 20 in 2010*. Patent Portfolio Flotek’s patent portfolio increased 3.5x over the past 5 years. The dramatic increase in patent 3.5x portfolio size is primarily due to our understanding in formulati
Slide 18: Research and Innovation
Research and Innovation 50,000+ 2x Square Foot Facility Doubles Research Footprint Flotek's new Research & Innovation Leadership Center will be a 50,000-plus square foot facility located in the Sam Houston Business Park in Northwest Houston. The facility will be twice the size of Flotek's curren
Slide 19: R&I Facility Video
Research and Innovation R&I Facility Video
Slide 20: Chemistry Overview
Chemistry Overview James Silas, Ph.D Vice President, Research & Innovation
Slide 21: What Is a CnF Additive?
What Is a CnF® Additive? CnF® additives are patented combinations of surfactant, solvent, and water that are designed to enhance oil and gas production. Surfactant Surfactant Surfactant: A molecule designed to modify Solvent surfaces and interfaces. It consists of an oil-soluble and a water-soluble
Slide 22: Molecular Dynamics Simulations of CnF Additives
Molecular Dynamics Simulations of CnF® Additives I. Yucel Akkutlu, PhD: Associate Professor Khoa Bui, Ph.D.: Research Associate A model CnF® additive consisting of nonionic surfactant and d-limonene is simulated with molecular dynamics. Simulation details: Total molecules: 150,000 Simulation times
Slide 23: CnF Additive
CnF® Additive CnF® additives deliver nanoscale droplets of solvent and surfactant in a water phase. The surfactant modifies the interfacial tension between oil and water. The solvent is delivered to the surface, penetrating any hydrocarbon on the surface. Solvent carried through water phase by stabl
Slide 24: How Do CnF Additives Work?
How Do CnF® Additives Work? CnF® technology is the combination of surfactant, solvent, and the nanoscopic structure. Surfactant • Lowers Interfacial Tension • Changes Contact Angle Solvent • Dissolves Organic Deposits • Changes Wettability Nanodroplet • Evenly Treats Large Surface Areas • Permeates
Slide 25: CnF Additive and Surfactant Differences
CnF® Additive and Surfactant Differences • CnF® additives add solvency • Solvent and surfactant adsorb simultaneously • Solvent dissolves deposits • Solvent coats surfaces • Surfactant and solvent synergy • Essential oils (like orange oil) are used extensively to enhance the performance of surfactan
Slide 26: Excellent Solvency: d-limonene
Excellent Solvency: d-limonene d-limonene is a natural product isolated from the rinds of citrus fruits and represents one of the most environmentally friendly, renewable solvents currently on the market. http://qutemol.sourceforge.net • Currently used in water treatment, medical, electronic, and au
Slide 27: Excellent Solvency: d-limonene
Excellent Solvency: d-limonene • Chloroform • Benzene • Toluene • Xylene • Carbon Tetrachloride water ethanol d-limonene • Non-BTEX Dispersion Forces • FDA Generally Regarded as Safe (GRAS) Hansen Solubility Parameters Teas chart adapted from WAAC Newsletter, vol. 30, no. 1, Jan 2008 • EPA Designed
Slide 28: Nanodroplets
Nanodroplets 10 nm http://qutemol.sourceforge.net CnF® additive droplets are much smaller than the droplets of solvent found in a normal emulsion (> 1000 nm). Since they are smaller than the pores of oil- bearing formations, they are able to permeate solvent throughout the porous structure Photo cou
Slide 29: Nanodroplets
Nanodroplets A fine dispersion of solvent droplets will lead to a more extensive and uniform coating of the surface than a single large emulsion droplet. A single 5 micron emulsion drop will deposit in one spot, while the same volume in 4.6 million 30 nm drops will deposit evenly over a much larger
Slide 30: New Product Development in 2015
Introduction to New Products New Product Development in 2015 CnF® Concentrate - this product will allow us to be more cost competitive in different geographic markets while protecting our IP. In a down market, this product should help expand market share. Fully Disclosable CnF® - formulated arou
Slide 31: Imagining the future
Introduction to New Products Imagining the future
Slide 32: FracMax
FracMax® John Chisholm Chairman, President and Chief Executive Officer
Slide 33: Nietzsche quote on truth
FracMax® Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed. - Friedrich Nietzsche
Slide 34: About FracMax
FracMax® About FracMax® Proprietary hydrocarbon production analytical model allowing comparison of completion technique efficacy. Based on Flotek’s proprietary, patent pending Data Recovery Econometric Analytical Modelling (DREAM) software, our proprietary FracMax® software uses public data – pr
Slide 35: FracMax application for optimal completion methods
FracMax® Our FracMax® application is quickly becoming the premier analytical tool in determining optimal completion methods Lost Revenue Potential Average Monthly Production of CnF® vs. Non- CnF Depletion Curves Comparing CnF® vs. Non CnF CnF® Cost Recovery Timeframe Internal Rate of Return Net Pres
Slide 36: The Evolution of Max
FracMax® The Evolution of Max 43,271 73,872 98,354 June 2014 February 2015 September 2015
Slide 37: FracMax Video
FracMax® FracMax® Video a es "=". |MPACT OF FLOTEK’S CnF. aN
Slide 38: FracMax
FracMax® oN FLOTEK Making a Difference, 98,354 Wells Po cng State oy Horizontal 4,243 Horizontal 2,186 Horizont @ Vertical 5,582 Vertical 733 Vertical County Wells In United States Basin Play Sweet Spot Well Name API Number 1owa Omaha UNITED STATES mn Operator Production Type ovecton JNM 8 |v CnF® A
Slide 39: FracMax
FracMax® Analyti 98,354 Wells fwio Cn State Texas oy Horizontal 4,243 Horizontal 2,186 Horizont @ Vertical 5,582 Vertical 733 Vertical County Wells In United States = Basin Play Eagle Ford MINN. Sweet Spot Well Name API Number 1owa Omaha UNITED STATES mn Operator Production Type orecion SEI | Phoeni
Slide 40: FracMax
FracMax® < Main Menu inttFracMax Analytics 13,366 Wells mi) Radius 7 Horizontal 211) Horizontal 1,102 Horizontal 11,856 Settings © vertical 32 Vertical 8 Vertical 157 Wells In , Texas, Eagle Ford Play ny, = Monson Unit 3H ® ® Plains Exploration & Production Co &| Show | Hide | Reset Play Basin | Gas
Slide 41: FracMax
FracMax® < Main Menu 6 13,366 Wells 7 - F 7 Horizontal 211 Horizontal 1,102 Horizontal Settings © vertical 32 Vertical 8 Vertical Wells In , Texas, Eagle Ford Play : @ eo ° e 6 e @ @ Monson Unit 3H @ e@ ~ Plains Exploration & Production Go 10) qo oN FLOTEK Making a Difference. . .
Slide 42: FracMax
FracMax® 1¥ FracMax Analytics < Back To Map it Monson Unit 3H / Plains Exploration & Production Co [ Chern | 42-255-32869 prod: Oi! lat: 28.90309 state: Texas basin: Western Gulf type:CnF direction: Horizontal long: -97.82747 county: Karnes. play(s): Eagle Ford, Austin Chalk depth: 12,976 Production
Slide 43: FracMax
FracMax® pFracMax Analytics 13,366 Wells Hm Horizontal 211 ‘Horizontal 1,102 Horizontal 11,856 Vertical 32 _ Vertical 8 Vertical 457 Tot Initial 12 Months Atter Frac $33,548, 752,016 Horizontal Bbl 30,331 963,584 Boronia) Revo G Cpeou Lay ES Well Met 8.207.025 288 Horizontal $2,828,862 Total $33,538
Slide 44: FracMax
FracMax® Horizontal B Vertical 211 Horizontal 32 _ Vertical 13) 1,102 Horizontal 11,856 8 Vertical 457 Wells In , Texas, Eagle Ford Play BbI Production Depletion for Horizontal Wells Initial 12 Months After Frac Date 18,000 12,000 11,000 Average Bb! / Month 1 2 3 4 5 6 7 8 9 10 1 12 wo Coro NS FLOTE
Slide 45: FracMax
FracMax® Horizontal B Vertical Bol / Lateral Ft 13) 1,102 Horizontal 11,856 8 Vertical 457 211 Horizontal 32 _ Vertical Potential Ri $30,331 ,963,584 11,856 wells R uplit* of spot @ Potential Revenue Opportunity and Upli Initial 12 Months After Frac Potential Revenue Opportunity Per Well ‘pli 0 spot
Slide 46: FracMax
FracMax® oN FLOTEK Making a Difference. . . Net Pr CnF® (80) 1,668 2,981 4,035 4,909 5,647 6,278 6,822 7,295 7,708 13,366 Wells om 4,102 Horizontal 11,856 8 Vertical 457 Wells In , Texas, Eagle Ford Play Horizontal ($1000) nt Value Interna n Spot Price w/o CnF® CnF@ w/o CnF® Oil Gas (1,842) 7% -BO%
Slide 47: FracMax
FracMax® Payout Cate CnF® Average w/o CnF® Average NS FLOTEK Making a Difference. . . Analytics 13,366 Wells Horizontal 211 Horizontal 1,102 Horizontal 11,856 Vertical 32 _ Vertical 8 Vertical 457 Wells In , Texas, Eagle Ford Play n for Horizontal Well Payout Month 12 47 Spot Price Oil Gas 2.69 CnF®
Slide 48: FracMax
FracMax® < Main Menu inttFracMax Analytics renga 13,366 Wells ren il) wio Cné® 12,013 Horizontal 211 Horizontal 1,102 Horizontal 11,856 Ans iltel @ vertical 32 _ Vertical 8 _ Vertical 457 Lalor Wells In , Texas, Eagle Ford Play (a) Wells In , Texas, Eagle Ford Play Industry 12 Month Average Producti
Slide 49: FracMax
FracMax® o™\ FLOTEK Making a Difference, inttFracMax Analytics < Main Menu “eS 2,201 Wells ml [Clone 2 ‘Radius 7) Horizontal 108 Horizontal 2 Horizontal 2,037 Settings @ vertical 1 Vertical 0 Vertical 53 a] Ss Mpany:Halliburton Ene! Industry 12 Month Average Production Wells All Wells. 49,612 114,70
Slide 50: FracMax
FracMax® < Main Menu inttFracMax Analytics Versog a7 23,285 Wells im CnF® 1,913 nF 20,800) Radius 4 Horizontal 302 Horizontal 330 Horizontal 4,276 1 i Settings O Vertical 1,611 Vertical 242 Vertical 16,524 Filter Wells In, Truth or \Eonsequences as Cruced) \ \ ) \ Show | Hide | Reset el Basin | Gas
Slide 51: FracMax
FracMax® o™\ FLOTEK Making a Difference, inttFracMax Analytics < Main Menu “So 23,285 Wells 7 Radius oy [eon 302 Horizontal © 330 Horizontal 4,276 Settings @ Vertical 4,611 Vertical 242 Vertical 16,524 Wells In , Texas, Permian Basin Producing Wells All Wells 54,290 16,802 4,033 In Sweet Spot T7712
Slide 52: FracMax
FracMax® o™\ FLOTEK Making a Difference, < Main Menu inttFracMax Analytics oe 1,732 Wells al 2 radius Horizontal 4 Horizontal 1 Horizontal 394 Settings O vertica 5 _ Vertical 0 Vertical 1,328 Wells In , Texas, Permian Basin, Service Company:Schlumberger Technology Corp yt py atin ames —S Sin, Te an
Slide 53: FracMax
FracMax® < Main Menu inttFracMax Analytics wom 81 Wells r dus Horizontal 56 Horizontal 0 Horizontal 25 ~~ 7 Settings © vertical 0 Vertical 0 Vertical 0 Iir| Filter hj Wells In , Texas, Operator:Freeport-McMoRan Inc rer Floresville N Poth ofcleto co} ®) AON Yorktown jobson © ~ ff mo) © Odaw [e|_stow
Slide 54: FracMax
FracMax® oN‘ FLOTEK < Main Menu intfFracMax Analytics 81 Wells mil] w/o CnF® Filter ——4 7 Horizontal 56 Horizontal 0 Horizontal 25 Q vertical Vertical 0 Vertical 0 resville X @ ames @ @ ias 7 Standard eee Me J¥ WS Play | Basin Gas Play |Gas Basin] Sweet | Clear | i Making a Difference. . .
Slide 55: FracMax
FracMax® NS FLOTEK cMax Analytics 81 Wells Horizontal 56 Horizontal 0 Horizontal 25 pes ors = GCs) E ip Wells In United States, Operator:Freeport-McMoRan Inc BbI Production Depletion for Horizontal Wells Potential Re ortunity Initial 12 Months After Frac Date Initial 12 Months After Frac 16,000 $78,
Slide 56: FracMax
FracMax® Max Analytics 81 Wells jo CnF* 25 > es 56 Horizontal 0 Horizontal 25 Q vertical 0 Vertical 0 Vertical 0 Wells In United States, Operator:Freeport-McMoRan Inc wa BbI Production Depletion for Horizontal Wells Potential R ortunity Initial 18 Months After Frac Date Initial 18 Months After Frac
Slide 57: FracMax
FracMax® Max Analytics 81 Wells mal] Horizontal i Pipes Vertical Ele iy Filter Wells In United States, Operator:Freeport-McMoRan Inc fh q B) 2 Cumulative Average Bb! Production Per Lateral Foot Potential Re’ { Initial 12 Months After Frac Date Initial 12 Months After Frac im a % $78,237,050 : 4 spf
Slide 58: FracMax
FracMax® < Main Menu oe 12 Wells al Radius f= : F ad Horizontal 2 Horizontal 4H Settings © vertical O-_Vertical 0 Vertical Filter a] Targac #1H | Sabine Oil & Gas LLC ® * © go [Play | Basin | Gas Play |Gas Basin] Sweet Clear SIEUPEUsy Satellite | Hybrid Glenn Gowne/09-08-2015 ou o™\ FLOTEK Making a
Slide 59: FracMax
FracMax® € Back To Map “oF FracM nalytics Targac #1H / Sabine Oil & Gas LLC [ Chern | 42-285-33654 prod: Oi! lat: 29.54603 basin: Western Gulf type: w/o CnF direction: Horizontal long: -97.09964 play(s): Eagle Ford, Austin Chalk depth: 12,218 Production Chemicals Frac Date(s): 10-21-2013 Frac Date:
Slide 60: FracMax
FracMax® < Main Menu ou 12 Wells mel Radius ema 7 F 4 Horizontal 2 Horizontal 4 Hi Weed Prod reo Settings oa Od rcs fakes a] Gillespie 1H o) ° 9 ® @ I ~ [él [tide | Reset] / [Play | Basin | Gas Play |Gas Basin] Sweet Clear ov Glenn Gowne/09-08-2015 a o™\ FLOTEK Making a Difference. . .
Slide 61: FracMax
FracMax® < Back To Map + yf FracMax Analytics prod: Oil direction: Horizontal Production lat: 29.52796 long: -97.10875 Frac Date(s): 04-14-2014 (12 mo) 35,807 state: Texas Gillespie 1H / Sabine Oil & Gas LLC [ Chern | 42-285-33673 basin: Western Gulf type:Clone play(s): Eagle Ford, Austin halk depth
Slide 62: FracMax
FracMax® < Main Menu oe 12 Wells al Radius ema 7 F 4 Horizontal 2 Horizontal 4 Hi Weed Prod reo Settings oa Od rcs fakes a] fo Molnoskey 1H ® 0) I on Oil & Gas LLC 9 ® 9 ~ [él [tide | Reset] / [Play | Basin | Gas Play |Gas Basin] Sweet Clear ov Glenn Gowne/09-08-2015 a o™\ FLOTEK Making a Difference
Slide 63: FracMax
FracMax® 1¥ FracMax Analytics < Back To Map it Molnoskey 1H / Sabine Oil & Gas LLC [ Chern | 42-285-33756 prod: Oi! lat: 29.54380 state: Texas basin: Western Gulf type:CnF direction: Horizontal long: -97.10980 county: Lavaca play(s): Eagle Ford, Austin Chalk depth: 12,142 Production Chemicals Frac D
Slide 64: FracMax
FracMax® < Main Menu oe 12 Wells al Radius f= : F ad Horizontal 2 Horizontal 4H Settings © vertical O-_Vertical 0 Vertical Filter a] | Berger Unit 1H ® | Devon Energy Corp \ | @ i 9 ® [Play | Basin | Gas Play |Gas Basin] Sweet Clear ov Glenn Gowne/09-08-2015 —— o™\ FLOTEK Making a Difference. . .
Slide 65: FracMax
FracMax® < Back To Map jsp FracMax Analytics prod: Oil direction: Horizontal Production lat: 29.54549 long: -97.11414 Frac Date(s): 09-09-2014 (7 mo) 16,646 Bol (6 mo) 37,461 Water Berger Unit 1H / Devon Energy Corp 42-285-33802 Chemicals Frac Date: 09-09-2014 5,939,821 Mcf basin: Western Gulf play(
Slide 66: Evolving from FracMax to FracMax Centric
® Evolving from FracMax to FracMax CentricTM
Slide 67: FracMax Centric
FracMax Centric™ inttFracMax Analytics powered by DREAM —_~ version 14 1 TM PATENT PENDING ( FracMax Centric : Is Flotek In Your Well?! Compare chemistry to discover! how CnF® can enhance well production \ CLVI5.NYM 45.02 NGV15.NYM 2.65 FTIK 19.34 Flotek CnF® Safe & Effective PA News Feeds FracMax™
Slide 68: FracMax Centric
FracMax Centric™ litt FracMax Analytics < Main Menu Select a News Feed TUDORPICKERING YZ HOLT & CO} «ix: ” . Se ; : Today In Energy News Feed TAA. aN _ FgTE K Coming Soon! oN
Slide 69: FracMax Centric
FracMax Centric™ FracMax Graphic To: Ce/Bee: Subject: FracMax Graphic FracMax Screenshot 47,540 Wells 296 053 2.261 Verical 20:33 oN
Slide 70: FracMax Centric
FracMax Centric™ oN‘ FLOTEK Making a Difference, Compare Search State Basin* . A Filter County’ Play’ Eagle Ford Sweet Spot* Name Prod Type API <— Direction A Px | v | Halo Option Variables Operator Tradename = a Service Co= Baker Hughes Inc Tradename # ov Purpose = mee Min (MG), = P or Purpose # oe
Slide 71: FracMax Centric
FracMax Centric™ inttFracMax Analytics 5,374 Wells nF? 5,207 Horizontal 142 Horizontal 5,099 OQ Vertical 25 _ Vertical 108 oN
Slide 72: FracMax Centric
FracMax Centric™ 1F 1) Hetzontal 142 Horizontal 5,009 Vertical 25 _ Vertical 408 Schlumberger: Eagle Ford, Baker Hughes: Eagle Bbl Production Depletion for Horizontal Wells Initial 12 Months After Frac Date [arose gee I CF @ "@* Halliburton (w/o CnF@) #@* Schlumberger (w/o CnF®) "@* Bakor Hughes (w/
Slide 73: FracMax Centric
FracMax Centric™ 1F 142 Horizontal 5,099 25 _ Vertical 408 Q [een Vertical Schlumberger: Eagle Ford, Baker Hughes: Eagle Bbl Production Depletion for Horizontal Wells Initial 12 Months After Frac Date @* Halliburton (w/o CnF@) @* Halliburton (CnF@) *@* Schlumberger (w/o GnF@) s@» Schlumberger (CnF®)
Slide 74: FracMax Centric
FracMax Centric™ < Main Menu “© 11,825 Wells ml) Radius Horizontal 428 Horizontal 4,543. setting @ Vertica 804 _Vertical__6,050 6-12 MG Fluid: Permian, Fluid > 6.0MG, Fluid < 12.0MG, (2433 orange) 1-6 MG Flui ermian, Fluid > 1.0MG, Fluid < 6.0MG, (9392 red) 1 1 @).- / : Vad I \ 5 | ft a eee aS Y ess
Slide 75: FracMax Centric
FracMax Centric™ < Main Menu version 1.8 nF: Q [een Vertical w/o CnF® 10,593 428 Horizontal 4,543 804 Vertical 6,050 9.500 9,000 8.500 8,000 7,500 3 @* 6-12 MG Fluid (w/o CnF®) Average Bb / Month Beees8 8 8 3 ©) ae — 3 E 5 6 T 8 9 Production Month After Frac Date OT a nn Ue NS FLOTEK Making a Differ
Slide 76: FracMax Centric
FracMax Centric™ < Main Menu version 1.8 nF: Horizontal 428 «Horizontal 4,543 e OD vertica 804 Vertical 6,050 FE 9,500 $4,732,783,825 9,000 Uplift" ot spot ($85.73) * 4,543 wells w g Revenue Opportunity/Uplift Per Well Initial 12 Months After Frac pli ol spot ($45.73) é Bbl Upiift 22,781 mm core | H
Slide 77: FracMax Centric
FracMax Centric™ < Main Menu nF: 1) Hetzental 205 Horizontal 10,479 Vertical 32__ Vertical 417 8,000 se» Proppant Ceramic (w/o care) 7,000 Proppant (w/o CnF®) u ‘Average Bbl/ Month al oe _ 3,000 °. no °. Seren o_o o—_». 2,000 bas ®. ‘o——e — 1 2 38 4 5S 6 7 8 98 ww 1 4 Production Month After Frac Dat
Slide 78: FracMax Centric
FracMax Centric™ < Main Menu nF: Q [een Vertical Average Bbl / Month 5 6 7 8 @ Production Month After Frac Date dh oe NS FLOTEK Making a Difference. . . 205 Horizontal 10,479 32__ Vertical 417 $27,410,507,124 spit” ol spot (48 Revenue Opportunity/Uplift Per Well Initial 12 Months After Frac Revenue
Slide 79: FracMax Centric
FracMax Centric™ < Main Menu Average Bbl / Month nF: Q [een Vertical 205 Horizontal 10,479 32__ Vertical 417 ses Proppant Ceramic (w/o CaF 8) /"@* Proppant Ceramic (CnF@) Proppant (w/o CnF®) 5 Productior NS FLOTEK Making a Difference. . . 6 7 8 @ 1 1 12 n Month After Frac Date dh oe u # $27,410,507,
Slide 80: FracMax Centric
FracMax Centric™ Search o™\ FLOTEK Making a Difference, State Texas Basin* County* Midland, Reagan, Upton Play" Sweet Spot* Name Prod Type add API list Operator Tradename = mere Service Co Tradename # al CROSSLINKER and ana Purpose = Min (MG) e GEL o Purpose + a Max (MG) reset CAS = na? Min Ft Depth
Slide 81: FracMax Centric
FracMax Centric™ j FracMax Analytics 4,768 Wells im nF 4,369 oO Horizontal 97 sf Vertical \ @__. ofarden City Basin | Gas Play |Gas Basin| Sweet o™\ FLOTEK Making a Difference. . .
Slide 82: FracMax Centric
FracMax Centric™ < Main Ment pf FracMax Analytics 4,768 Wells CnF w/o CnF Horizontal 97 Horizontal Setting Q Vertical 302 Vertical Slickwater: Texas, Midland, Reagan, Upton, FRICTION REDUCER, BEL, (747 orange) Linear Gel: Texas, Miclland, Reagan, Upton, FRICTION REDUCER and GEL, NOT: CROSSLINKER, (2
Slide 83: FracMax Centric
FracMax Centric™ 1F Q [een Vertical Slickwater: Texas, Midland, Reagan, Upton, Ff Linear Gel: Texas, Miclland, Reagan, Upt Hybrid: Bbl Production Depletion for Horizontal Wells Initial 12 Months After Frac Date 16,000 15,000 14000 13,000 12,000 11,000 410,000 9,000 8,000 ‘Average Bbl/ Month 7,000 6,
Slide 84: FracMax Centric
< Back To Map att FracMax Analytics Krudwig 3H / Freeport-McMoRan Inc Vv 42-255-33279 prod: Oi! lat: 28.91680 state: Texas basin: Western Gulf type:CnF direction: Horizontal long: -97.85781 county: Karnes play(s): Eagle Ford, Austin Chalk depth: 12,584 Production Stimulated Flow Volume w/o CnF® - sm
Slide 85: FracMax Centric
FracMax Centric™ o™\ FLOTEK < Back To Map Krudwig 3H / Freeport-McMoRan Inc 42-255-33279 prod: Oil lat: 28.91680 state: Texas basin: Western Gulf type:CnF direction: Horizontal long: -97.85781 county: Karnes play(s): Eagle Ford, Austin Chalk depth: 12,584 Production Advanced Restimulation Vertical M
Slide 86: FracMax Centric
FracMax Centric™ inttFracMax Analytics < Main Menu “© 24 Wells w/o nF? 24 7 Type Filter 0 Horizontal Radius Horizontal Settings O Vertical 0 _ Vertical Permian Basin Radius Around Selected Wells (a7) 3 sprectwater oe @ ilene = | Andrews 2 Popie Spang Midlands 7d a kent Odessa, ®@ obleGhans = San Ang
Slide 87: FracMax Centric
FracMax Centric™ int FracMax Analytics < Main Menu © 788 Wells 7 Horizontal 62 Horizontal 726 O Vertical 0 _ Vertical \ \ be jg MEN) ® [a] so [ae] Of; Eco TORT CH SRORTUEVELOTS aN
Slide 88: FracMax Centric
FracMax Centric™ < Main Menu Horizontal 62 Horizontal 726 OD Vertica 0 _ Vertical Settings Bbl Production Depletion for Horizontal Wells Initial 12 Months After Frac Date $1,203,266,592 upltt* a spot ($45.73) * venue Opportunity/Uplift Per Well Initial 12 Months After Frac Revenue Opp Per Well $1,65
Slide 89: The Flotek Store
Slide 90: The Flotek Store
The Flotek Store Direct Marketing = Direct to Customer = Understanding and Action
Slide 91: The Flotek Store
The Flotek Store oN