Barclays CEO Energy-Power Conference September 6, 2016 Jeff Miller President, Halliburton
Where are we today Indexed U.S. Rig Count 1.00 U.S. rig count down 79% 0.80 International rig count down 33% 0.60 350,000 0.40 energy jobs lost Operator capex 0.20 0 25 50 75 100 125 150 reduced by 45% Weeks 1985-88…
Market will recover Million barrels per day 2015 - 2020 100 20 million barrels per day 90 of new supply required 80 New Demand 70 Offset Decline Production 60 2015 2016 2017 2018 2019 2020 Source: Rystad Energy, June…
Recovery led by unconventionals 2016-20 Well Capital Expenditures Strategic Implications Billions CAGR 200 Mature Fields Lowest Risk - Largest 2014 spending levels elusive until 2020 +10% Footprint 150 Unconventional Fastest…
North America outlook 70 Rig count has bottomed since the end of the second quarter 60 Volatile Commodity Price 50 Pricing Pressure 40 30 Indexed U.S. Rig Count 20 10 WTI Oil Price () 0 Source: EIA, Baker Hughes US Rig…
Rest of the world outlook Latin America Middle East 2016 Halliburton. All rights reserved. 8
Strategy We collaborate and engineer solutions to maximize asset value for our customers Unconventionals Mature Fields Deep Water 2016 Halliburton. All rights reserved. 9
Maximizing asset value 12 Month Cum BOE Normalized Cost per BOE 70 60 50 BOE per LATERAL FT 40 30 Basin Average 20 10 0 12 month cumulative BOE Normalized Well Cost / 12month cumulative production…
Summary Market must address the impending supply/demand gap North America unconventionals lead the recovery Maximizing asset value for our customers 2016 Halliburton. All rights reserved. 11
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