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Phoenix Technology Services LP
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2023 30TH ANNUAL WINTER ENERGY CONFERENCE
| Mike Buker | Page 1 of 11 |
January 30, 2026
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"2023 30TH ANNUAL WINTER ENERGY CONFERENCE"
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PHX Energy Services - Fun Facts • Founded PHX in 1995 • PHX is 28 years in the business • PHX has 870 full-time employees • Employs 19 electrical, mechanical and software engineers • PHX is the largest independent supplier of directional drilling services in the North American land market • PHX works for 12 of the top 15 energy producers in N.A. • PHX is drilling 100 horizontal wells in N.A. today • PHX provides the technology that allows faster drilling • Recently drilled 28,280 feet in 17.6 days in the Permian basin • PHX drilled 27 million feet of hole in 2022 in the US • 27 million feet is the equivalent of driving from Calgary to Toronto Shangri-La Hotel and back to Calgary with km’s to spare • 80% of revenue is in the US • 80% of that revenue is in the Permian • PHX completed an aggressive $85 million capital program in 2022 • PHX will allocate $50 million to expand in 2023 • We have more demand for our services today than we do supply • PHX will be able to increase our job capacity by another 25- 30 active jobs per day compared to activity in 2022 • PHX used NCIB and bought back 18% of outstanding shares • PHX pays a dividend of .60 per share or $30 million per year • PHX recently announced ROCS program that targets 70% of FCF to be returned to shareholders • ATB has PHX achieving $135 million EBITDA in 2023