Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety
• Financial Returns

Environmental Achievements

• Not disclosed

Social Achievements

• Improved HSE reporting and performance across service lines; 67% reduction in TRIR

Governance Achievements

• Returns-focused growth philosophy; balance of organic growth and strategic M&A

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Scorpion Composite Plug, MVPTM & Hollow PointTM Dissolvable Plugs, FlowGun™ Toe Valve, Breakthru™ Casing Flotation Device

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Carbon Footprint Reduction
• Workforce Diversity and Development

Environmental Achievements

• Dissolvable plugs cut customer's carbon footprint by 91% with no drill-out. On one well pad, this equals 404 metric tons of CO2e.

Social Achievements

• Achieved the lowest Total Recordable Incident Rate (TRIR) in company history: 0.30.
• Approximately 67% of frontline management were internal promotions, with average base salary increases of approximately 55%.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Reduced activity and pricing pressure caused by poor market conditions, including an economic recession associated with the coronavirus pandemic.
• Significant decline in demand for products and services due to customers revising capital budgets downward.

Mitigation Strategies

• Implemented cost-cutting measures, including reductions in employee compensation.
• Focused on gaining profitable market share within the blue-chip customer base and securing work with other large, efficient operators through technology offerings and service execution.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Dissolvable frac plugs

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Emissions Reduction
• Safety
• Sustainable Products

Environmental Achievements

• Significant and scalable emission reductions with dissolvable frac plugs, taking 84 cars off the road per 6-well pad (~404 metric tons of CO2e)
• Life-cycle carbon footprint of dissolvable plug 91% smaller per wellbore than conventional composite plug (without clean-out), and 18% smaller with clean-out.

Social Achievements

• Lowest TRIR in company history (0.30 in 2020)
• Focus on finding and retaining qualified labor

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Finding and retaining qualified labor

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Stinger Dissolvable Plugs

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Emissions Reduction
• Safety
• Technology Innovation

Environmental Achievements

• Reduced CO2e emissions by associating dissolvable plugs with taking 84 cars off the road per 6-well pad (~404 metric tons of CO2e)

Social Achievements

• Excellent TRIR scores despite significant growth in new hires
• Diverse, blue-chip customer base with minimal concentration

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Softening in the market in response to the decline in natural gas prices, resulting in a decrease in activity and pricing

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Dissolvable plugs, dissolvable pumpdown rings, electric wireline

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability

Environmental Achievements

• Refracturing utilizes existing infrastructure, reducing the environmental impact compared to new drills. Reduces site activity and disruption.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety
• Environmental Footprint Reduction

Environmental Achievements

• Dissolvable plugs eliminate drill-out times and reduce overall NPT & operational risks, reducing carbon emissions and employee count at wellsite
• Reduction in mileage and equipment, reducing the footprint on site

Social Achievements

• 64% reduction in TRIR (Total Recordable Incident Rate) from 2014 to 2018
• Improved employee safety and well-being

Governance Achievements

• Returns-focused growth philosophy with a balance of organic growth and strategic M&A
• Focus on generating through-cycle returns and generating free cash flow

Climate Goals & Targets

Environmental Challenges

• Volatility of future oil and natural gas prices
• Risks associated with integrating and retaining key employees of acquired businesses
• Availability of skilled and qualified labor
• Competition in the industry
• Governmental regulation and taxation
• Environmental liabilities
• Implementation of new technologies
• Availability and terms of capital
• General economic conditions
• Operating hazards

Mitigation Strategies

• Focus on ROIC (Return on Invested Capital)
• Disciplined M&A strategy targeting best-in-class companies
• Investment in high-quality and differentiated equipment and facilities
• Market share gains through service and technology
• Securing and maintaining best talent

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Dissolvable plugs
• BreakthruTM Casing Flotation Device
• MVPTM & Hollow PointTM Dissolvable Plugs
• ScorpionTM Composite Plug