T3 Energy Services Quarterly Investor Relations Presentation

1. T-3 Energy Services, Inc. Management Presentation During the course of this presentation, participants may make certain forward-looking statements regarding various matters related to our business and company that are not historical facts, including future financial performance, operating results, and the prospects for the oil and gas services business. It is difficult to make projections or other forward-looking statements in a cyclical industry; such as the risks, assumptions, and uncertainties involved in these forward-looking statements include the level of crude oil and natural gas prices, rig demand, and operational and other risks which are described in the company’s most recent Form 10-K and other filings with the U.S. Securities and Exchange Commission. The forward looking statements are based upon management’s expectations and beliefs and, although these statements are based upon reasonable assumptions, actual results might differ materially from expected results due to a variety of factors. The Company assumes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. For a discussion of additional risks and uncertainties that could impact the Company’s results, please review the T-3 Energy Services’ Quarterly Report on Form 10-Q for the period ending June 30, 2008. October 2008

2. Gus Halas hired as CEO Turn Around Phase Cost reductions, hired new senior management, and facilities rationalization. Strategic Growth Phase OEM product development and engineering plan, geographic (domestic and international) expansion, manufacturing capacity expansion, cost-controls, company-wide process improvements. Service Company Roots Gulf Coast leading provider of pressure and flow control equipment aftermarket services. Capitalized by 2001 2002 2000 2003 2004 2005 2006 2007 Sold Products Segment Sold Distribution Segment First Reserve Sells all T-3 Energy Common Shares in a Series of Block Trades. 2008 2009 History of T-3 Energy EEC / HPT Acquisition T3 India and Aswan JV Edmonton, Canada Acquisition Rock Springs Acquisition Pinnacle Wellhead Acquisition

3. Company & Products Overview We design, manufacture, repair, and service products used in the drilling and completion of new oil and gas wells, the workover of existing wells, and the production and transportation of oil and gas. Production Phase Drilling Phase Crown & Standpipe Manifold Choke & Kill Blowout Master Bushing Remote Control System Panel Surface Control System Manifold Blowout Preventer Stack Remote Control System Panel Surface Control System Wellhead & Production Tree Pipeline Valves Transmission & Processing Phase Wellhead Products Pressure and Flow Control Products Pipeline Valve Products 2 3 1 4 5

5. 1 Drilling Phase Products BOPs and Accessories Model 6011i Economy Ram BOP Model 6031 Cold-Weather Ram BOP Model 6 012 S ub-Sea Ram Isolation BOP Model 6012 Sub-Sea Shearing BOP Model 7072 Sub-Sea Annular BOP 29 ½” 500 PSI 7012 Annular Diverter BOP Model 6012 Premium Ram BOP Model 7082 Annular BOP Model 7022L Annular BOP Ram BOP Wear Plates Variable Bore Inverted Rams Model 6000 Shear Rams Casing Shear Rams Low Torque Ram BOP Bonnet Seals BOP Rams and Seals High Pressure Land BOPs High Pressure Sub-Sea BOPs Low Pressure Land BOPs

6. 3 Drilling Phase Products Valves and Chokes T3-COT Mud Valve CH2M Standard Production Choke HPT TM Sub-Sea Production Valve HPT TM Sub-Sea Drilling Valve Sub-Sea DF Gate Valve Drilling Check Valve HXE TM Drilling Choke T3-FC Gate Valve Double Acting Hydraulic Actuator Torque Reduction Manual Operator Actuator Fail Safe Actuator Sub-Sea Actuator Available Valve Actuation HPT TM Drilling Gate Valve High Pressure Valves & Chokes High Pressure Sub-Sea Valves Low Pressure Valves & Chokes

8. 5 Demand is a function of the levels of overall production and pipeline construction activity, particularly gathering systems requiring ball valves and gate valves. Transmission Phase Products PVS Valves T-3 RSB Rising Stem Ball Valve T-3 CFT Trunnion Mounted Ball Valve T-3 T1-EX Expanding Gate Valve T3 Diamond Series D10 TM Gate Valve Gate Valves - Land Ball Valves - Land

9. 2004 Drilling Phase (PCG) Engineering 2005 2006 2007 Production Phase (WPS) Product Engineering Transmission Phase (PVS) Product Engineering Drilling Phase (FCG) Engineering 2 Engineering Team Members 25 Engineering Team Members Engineering Designing Name-Brand Products 2008 Supply Chain Engineering Introduced 113 new customer-driven products and dozens of product enhancements.

10. $ in Millions OEM Products Growing Name-Brand Recognition Percent New Manufactured Product Aftermarket Services vs. New Manufactured Products 90% OEM Increase 79% OEM Increase 58% OEM Increase

11. Sources: 1 January 2008 Spears & Reed Rig Census. 2 Energy Information Administration. Rig Equipment Spending 1 Surface Equipment Spending 1 U.S. natural gas production remains flat despite a significant increase in the number of gas wells drilled over the past decade. Natural Gas Depletion 2 New International Land Rigs 1 China and Russia to add approximately 200 new rigs per year. 149 new offshore rigs to be built between 2008 and 2011. Industry Dynamics Spending & Construction

12. Pressure & Flow Control Strong Customer Base Wellhead Pipeline

14. Sales Growth International and Offshore Sales The above chart represents sales related to T-3 Energy’s drilling-phase pressure control and flow control products. Wellhead and Pipeline Valve sales are essentially domestic. The offshore products encompass products for drillships, semi-submersibles, or other type of floating facility. These products include surface or subsea BOPs, C&K manifolds, stand-pipe manifolds, diverter valves, subsea stack mounted valves, subsea flow-line valves, boarding valves, etc. PCG Product Destination by Region PCG Product Sales Markets

15. Global New Manufactured BOP Market 13% Growing Market Share Global Pipeline Valve Market Global BOP Elastomers Market ~1% Global Land BOP Control System Market 16% ~1% U.S. Surface Wellhead Market ~3% 0% 0% ~1.4% ~0.2% 2003 2003 2003 2003 0% 2003 As a percentage of the entire new installed market base between 2005 and 2007. As a percentage of the entire new installed market base between 2005 and 2007. Of the $1.1 billion United States domestic surface wellhead market. Of the $1.9 billion global pipeline and transmission valve market. Of the estimated $150 million global pressure control seal and elastomer market

16. 2005 Initiate Facilities Rationalization and Lean Manufacturing 2006 2007 2008 Phase II – New BOP Manufacturing Capacity Initiative Houston, Texas Phase I - New BOP Manufacturing Capacity Initiative Houma, Louisiana Phase I – BOP Re-Manufacturing Capacity Initiative Rock Springs, Wyoming Phase II – BOP Re-Manufacturing Capacity Initiative, Cypress, Texas Manufacturing Capacity Expansion Low-Cost Sourcing Capacity Initiative Mumbai, India Doubled revenue capacity with less than $22M in growth capital since 2005. Geographic Expansion Capacity Expansion Acquisition / Partnership Growth Strategy

17. Nisku, Alberta (PCG)       Houston (3 PCG / WPS / PVS) Robstown (WPS) Odessa (WPS) Perryton (WPS)   Jennings (PCG) Houma (2 PCG) Lafayette (WPS) Shreveport (WPS)    Indianapolis (PVS) Buffalo (PVS)   Tyler (WPS)  Rock Springs (PCG / WPS ) Casper (WPS/PVS)   Conway (WPS) Cardenas, Mexico   Dallas (WPS) OKC (WPS) Denver (WPS)  W. Virginia (WPS)  Grand Junction (WPS)  Pennsylvania (WPS)  Atlanta (PVS) Farmington (WPS)     Venicia (PVS) Long Beach (PVS)  Williston (WPS) Domestic Operational Expansion Fort Smith (WPS) 

18. Continued focus on expanding existing international footprint through joint ventures, authorized repair facilities and agents. 1 Effective September 1 st , 2008, T-3 Opens Dubai Service Center as a Joint Venture with Aswan International Engineering Company LLC ("Aswan"). 2 On May 29 th , 2008, T-3 Exercised its Option to Purchase the Assets of the India-Based Manufacturing Operation of HP&T Products, Inc. International Expansion T3 Dubai / Aswan 1 T3 Mexico / Grupo R T3 India 2 Existing T3 Energy Operation Focus for Continued International Growth Capacity Expansion Acquisition / Partnership

19. Geographic Expansion Product Growth Product Complements Product Growth Do acquired products fill out T-3 Energy’s current product offering? Product Complement Do acquired products provide new products that may complement current T3 Energy product offerings? Geographic Expansion Does the potential acquisition present an opportunity to obtain greater geographic presence domestically and/or internationally? T3 Energy’s acquisition strategy targets geographic expansion, product growth, and addition of complementary products. Acquisition Model Growth Through Acquisition Geographic Expansion Capacity Expansion Acquisition / Partnership Growth Strategy

20. Finance Certain information discussed in this presentation is considered non-GAAP financial measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results.

21. Q2 2007 operating results include a charge of $2.5 million related to a change in control provision. Q2 2007 operating results would be as follows with this add-back; SG&A $8,918 (17.2%), EBITDA $11,532 (22.2%), EBIT $10,457 (20.1%), net income $7,242, and Diluted EPS $0.60. Q2 2008 operating results include $2.5 million in costs related to the pursuit of strategic alternatives for the company. Q2 2008 operating results would be as follows with this add-back; SG&A $11,950 (17.7%), EBITDA $16,029 (23.7%), EBIT $13,770 (20.3%), net income $9,122, and Diluted EPS $0.70. 2 nd Quarter Financial Performance

22. Improving Revenue & Earnings Q2 2007 operating results include charge of $2.5 million related to a change of control provision; Q2 operating income would be $10.5 million or 20.1% and Diluted EPS would be $0.60 excluding this charge. Q2 2008 operating results include $2.5 million in costs related to the pursuit of strategic alternatives for the Company. Q2 2008 operating income would be $13.8 million or 20.3% and Diluted EPS would be $0.70 excluding these costs. 240% Increase Diluted EPS Quarterly Revenue Quarterly Operating Income Net Income ($ Million) Net Income Percentage

23. Disciplined Capital Spending Historical maintenance CapEx has been approximately $1 million annually. CapEx versus Depreciation $ Million Dollars EEC / HPT Acquisition

24. Strong Balance Sheet $ 147.3 $ 127.6 Total Available Liquidity: $ (0.5) $ (0.5) Less: Letters of Credit $ (39.0) $ (61.4) Less: Amount Outstanding $ 180.0 $ 180.0 Revolving Line of Credit $ 6.8 $ 9.5 Cash Liquidity ($ in Millions) $ 253.6 $ 252.1 Total Capitalization: $ 214.5 $ 190.6 Stockholders' Equity $ 39.1 $ 61.5 Total Debt $ 6.8 $ 9.5 Cash Capitalization ($ in Millions) As of 6/30/08 As of 12/31/07

25. Record Backlog Continues to Grow 675% Increase $ Million Dollars