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Exhibit 99.1


|Annual Shareholder Meeting



May 24, 2007
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|OTC 2007

"Transforming the Industry" was the theme at this year's Offshore
Technology Conference (OTC) in Houston.  Over the past 38 years, the
OTC has continued to evolve as the world's largest energy industry event,
showing off the wares of energy service and manufacturing companies
across the globe.  This year's conference posted further growth, with 2,400
exhibiting companies from 30 different countries, drawing a crowd of more
than 67,000 people.



While still shy of the peak levels we saw during the early 1980s,
attendance was still above the over 46,000 annual attendees we have
averaged over the prior 15 years, and represented a sharp jump from last
year's attendance of 59,000 people.  Additionally, the number of exhibiting
companies at the conference was near the highest level since 1983,
indicating the healthy state of a growing market.

Source
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|North American Market Outlook

North American Market Outlook
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|International Market Outlook

International Market Outlook
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|Central & South America Market Outlook

Central & South America Market Outlook
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|Middle East / Africa Market Outlook

Middle East / Africa Market Outlook
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|Expansion Program BOP Repairs
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|6" CNC HBM

5" CNC HBM

Expansion Program BOP Repairs
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|Wellhead Initiative

T-3 Energy Services is enhancing our wellhead operating unit to bundle
T-3 product offerings and grow "up-market" with our wellhead and
production systems' product offering.



Up-market selling allows us to offer our wellhead and production
pressure control equipment (chokes, valves and other API 6A
equipment) directly to more mid-size and large oil and gas operators.



The market for this product offering is approximately $2.8 billion per
year.



Entry into this market should help expand our future marketshare.
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|Wellhead Initiative Status

Hired inside sales resource

Added experienced staff to handle increased work load
and upgraded quoting process



Hired sales manager

Experienced with up-market customers

Manage overall sales effort



Hired sales staff for Houston, Dallas and the Rocky
Mountain Area



Presentations

Team presentations to target customers

Teams include Management, Engineering and Quality
Staff
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|Wellhead Initiative Status, continued

Product Engineering



Conventional wellhead - product is complete

Foundation for standard wellhead product offering



6A Production valve D-5  - product is complete

Unique T3 design - lower cost, high performance valve

API-6A PR-2 tested

5,000 PSI working pressure
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|Wellhead Initiative Status, continued

Product Engineering



6A Production Valve D-10 - product is complete

Unique T3 design - lower cost, high performance valve

API-6A PR-2 tested

10,000 PSI working pressure



Timesaver Wellhead - this product is well specific, we already
have a base of these wellhead systems installed in the field

Enhanced drill-thru wellhead system

Value added product that reduces rig time



6A Production Valve 15K - product is still in process

Unique T3 design - high temperature, high performance valve

API-6A PR-2 tested

15,000 PSI working pressure
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|Financial Overview
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|Significant Growth in Profitability and Cash Flow

Note:   Excludes discontinued operations.

(1)   2005 EBITDA reflects a charge of $0.6 for terminated public offering costs. 2006 EBITDA reflects a charge of $0.4 associated
with S-1 filing and amendments.

$ in Millions
         Fiscal Year Ended
December 31,   Fiscal Year Ended
December 31,   Fiscal Year Ended
December 31,   Fiscal Year Ended
December 31,   Fiscal Year Ended
December 31,
         2004      2005      2006
   Revenues         $67.4         $103.2         $163.1         $47.9
   Gross Profit %             33.1%             35.8%         36.9%             36.2%
   EBITDA(1)                8.8         17.0         32.9            $9.9
      % Margin            13.1%           16.5%         20.2%             20.6%
   Income from continuing operations                2.9               8.1               18.4            5.5
      % Margin         4.3%         7.8%         11.3%             11.5%
   Diluted EPS from        continuing operations                 $0.27         $0.75         $1.68           $0.51

1st Qtr.

2007
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|2004    2005    2006    1st Qtr 2007
    OEM    31    58.8    106.0443    35.9
    Aftermarket    36.428    44.4    57.1007    12
    OEM 2
    Aftermarket 2


Successful Transition to a Well Regarded OEM Provider

OEM revenues increased 78% in 2006

65% of total revenue in 2006 was generated from OEM products
compared to 46% in 2004. First quarter 2007 OEM products was 75%

$59.0

$47.9

90% OEM

Increase

$67.4

$103.2

$ in Millions

$31.0

$163.1

78% OEM

Increase

% OEM              46%                                   57%                                     65%                               75%

$59.0

$105.2

$35.9
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|Q1'04    Q2'04    Q3'04    Q4'04    Q1'05    Q2'05    Q3'05    Q4'05    Q1'06    Q2'06    Q3'06    Q4'06    Q1'07
    EBITDA    2.2    1.6    2.7    2.3    2.4    5.1    4.2    5.2    7.1    7.9    9.2    8.7    9.9
    Revenue    13.1    15.2    13.7    16.6    17.4    19.9    21.6    27.4    28.6    30.2    35    36.6    38
    Total Amount    15.3    16.8    16.4    18.9    19.8    25    25.8    32.6    35.7    38.1    44.2    45.2    47.9
    EBITDA Margin    14.4    9.5    16.5    12.2    12.1    20.4    16.3    16    19.9    20.7    20.8    19.1    20.6


Strengthening Quarterly Financial Performance

213% Revenue Increase (Q1'04 to Q1'07)

350% EBITDA $ Increase




(1)

9.9
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|Quarter Shipments       $17.1                $18.8                 $18.9                 $32.6                $45.2               $47.9

Strong Growth Trajectory

Growing backlog demonstrates brand name acceptance and
increasing OEM market share

785% increase at year end 2005 vs. 2004

110% increase at year end 2006 vs. year end 2005
        2002    2003    2004    2005    2006    3/31/2007
    Pressure and Flow Control Backlog    5.4    3.3    3.4    30.1    63.3    69.9



Note:    Excludes discontinued operations.


785%

110%

$69.9
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|Disciplined Capital Expenditures

Maintenance Capex is minimal per year
        2003    2004    2005    2006    2007
    Maintenance    0.673    0.881    0.745    0.8    1.5
    Growth    0.288    1.019    1.755    8.3    8.1
                    0.8
                    8.3


$1.0

$1.9

$2.5

$9.1

$9.6
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