1 The Marketmakers Energy Outlook Forum Allen Brooks Managing Director March 5, 2009 Supply for Oilfield Service Is Not The Problem

Presented by Allen Brooks – March 05, 2009 Hurricane Ike Alters The Industry 2 OSX WTI Rig Count

Presented by Allen Brooks – March 05, 2009 Hurricane Ike Alters The Industry 3  Hurricane Ike Pounds Houston Gulf Coast  Ike Shuts In 1.2mm B/D and 7.2 BCF/D GOM Production  Ike Shuts 14 G.C. Refineries = 20% of Nation’s Capacity  Lehman Bros Goes Under  BofA Buys Merrill Lynch  Stock Market Crashes 504 points, 4.4% drop

Presented by Allen Brooks – March 05, 2009 The Great Implosion of OSX WTI Rig Count As of February 27, 2009

Presented by Allen Brooks – March 05, 2009 The Great Implosion of CAPEX Spending 1 st Half2 nd Half

Presented by Allen Brooks – March 05, 2009 The Damage In 2009 And Beyond 6

Presented by Allen Brooks – March 05, 2009 Oilfield Service Stocks Got It Right 7

Presented by Allen Brooks – March 05, 2009 Is There Any Hope? 8

Presented by Allen Brooks – March 05, 2009 There It’s Oil; Here It’s Gas 9 International Rig Count % % U.S. Rig Count % %

Presented by Allen Brooks – March 05, 2009 Brave New World Or Same Old One? 10 Peak Oil Supply Peak Oil Demand

Presented by Allen Brooks – March 05, 2009 Brave New World Or Same Old One? 11 Global Warming Washington’s Solution

Presented by Allen Brooks – March 05, : Another Year Of Energy Turbulence 12 W/O Rigs Drlg Rigs

Presented by Allen Brooks – March 05, 2009 What About The Future? 13  24 Countries In Decline

Presented by Allen Brooks – March 05, 2009 Thank You G. Allen Brooks Managing Director Parks Paton Hoepfl & Brown