Pay vs Performance Disclosure, Table

Pay Versus Performance Table

As required by Item 402(v) of

Regulation S-K, we

are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last four completed fiscal years. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the applicable years. Note that for our Named Executive Officers (each an “NEO”) other than our principal executive officer (the “PEO”), compensation is reported as an average.


Year	Summary Compensation Table Total for First PEO(1)		Summary Compensation Table Total for Second PEO(1)		Compensation Actually Paid to First PEO(1)		Compensation Actually Paid to Second PEO(1)		Average Summary Compensation Table Total for Non-CEO NEOs(1)		Average Compensation Actually Paid to Non-CEO NEOs(1)(2)		Value of Initial Fixed $100 Investment Based On:				Net Income (Loss) (in thousands)			Adjusted EBITDA (in thousands)
Year	Summary Compensation Table Total for First PEO(1)		Summary Compensation Table Total for Second PEO(1)		Compensation Actually Paid to First PEO(1)		Compensation Actually Paid to Second PEO(1)				Average Compensation Actually Paid to Non-CEO NEOs(1)(2)		Total Shareholder Return		Peer Group Total Shareholder Return		Net Income (Loss) (in thousands)			Adjusted EBITDA (in thousands)
2024		N/A		6,962,497		N/A		1,775,784		2,309,945		960,713		40.20		103.72		51,918			347,403
2023		N/A		7,132,091		N/A		1,904,420		2,322,168		1,158,681		51.45		109.63		(23,360	)		248,880
2022		N/A		2,548,319		N/A		1,886,664		915,480		899,231		58.45		102.76		(20,145	)		206,233
2021		7,234,574		8,123,233		8,207,367		16,199,112		2,713,792		3,627,261		46.26		63.42		(131,891	)		125,940
2020		3,973,463		N/A		736,558		N/A		880,505		641,151		53.00		56.62		(307,045	)		100,186

(1)	The PEO and the non-PEO NEOs for each year are as follows:

(i)

2024, 2023 and 2022: Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell, NEOs

(ii)

2021: Mr. Kearney, First PEO; Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell and Symington and Ms. Cougle,

NEOs

(iii)

2020: Mr. Kearney, First PEO; Messrs. Russell, Lakey and Symington and Ms. Cougle, NEOs

(2)	To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:

First PEO (Kearney) SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2023		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2022		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2021		471,765		—		3,643,750		7,234,574		(3,119,059	)		4,091,852			8,207,367
2020		709,637		354,825		12,825		3,973,463		(2,896,176	)		(340,729	)		736,558

Second PEO (Jardon) SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		1,000,000		690,625		25,800		6,962,497		(5,246,072	)		59,359			1,775,784
2023		1,000,000		937,500		25,200		7,132,091		(5,169,391	)		(58,280	)		1,904,420
2022		1,000,000		1,117,500		430,819		2,548,319		—			(661,655	)		1,886,664
2021		1,149,618		1,008,900		12,000		8,123,233		(5,952,714	)		14,028,593			16,199,112
2020		N/A		N/A		N/A		N/A		N/A			N/A			N/A

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		456,288		252,099		129,933		2,309,945		(1,471,625	)		122,393			960,713
2023		447,099		335,324		110,165		2,322,168		(1,429,580	)		266,093			1,158,681
2022		445,328		398,123		72,029		915,480		—			(16,248	)		899,231
2021		406,922		242,138		634,634		2,713,792		(1,430,265	)		2,343,734			3,627,261
2020		345,357		151,244		5,332		880,505		(378,573	)		139,219			641,151

(i)

Reflects “all other compensation” reported in the SCT for each year shown.

(ii)

Represents the grant date fair value of equity-based awards granted each year. We did not report a change in pension value for any of the years reflected in this table; therefore, a deduction from SCT total related to pension value is not needed.

(iii)

Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity component of CAP for fiscal year 2024 is further detailed in the supplemental table below.

Supplemental

Equity Component of CAP for FY 2024:


Equity Type	Fair Value of Current Year Equity Awards at 12/31/2024		Change in Value of Prior Years’ Awards Unvested at 12/31/2024		Change in Value of Prior Years’ Awards That Vested in FY 2024		Fair Value of Prior Years’ Awards Forfeited in FY 2024		Equity Value Included in CAP
Second PEO (Jardon)		2,713,547		(2,834,539)		180,351		—		59,359
Average Non-PEO NEOs		761,202		(718,730)		79,920		—		122,393

(3)	The peer group used for total shareholder return is SPDR S&P Oil & Gas Equipment & Services ETF (XES).

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)	The PEO and the non-PEO NEOs for each year are as follows:

(i)

2024, 2023 and 2022: Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell, NEOs

(ii)

2021: Mr. Kearney, First PEO; Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell and Symington and Ms. Cougle,

NEOs

(iii)

2020: Mr. Kearney, First PEO; Messrs. Russell, Lakey and Symington and Ms. Cougle, NEOs

Peer Group Issuers, Footnote

The peer group used for total shareholder return is SPDR S&P Oil & Gas Equipment & Services ETF (XES).

Adjustment To PEO Compensation, Footnote

(2)	To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:

First PEO (Kearney) SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2023		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2022		N/A		N/A		N/A		N/A		N/A			N/A			N/A
2021		471,765		—		3,643,750		7,234,574		(3,119,059	)		4,091,852			8,207,367
2020		709,637		354,825		12,825		3,973,463		(2,896,176	)		(340,729	)		736,558

Second PEO (Jardon) SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		1,000,000		690,625		25,800		6,962,497		(5,246,072	)		59,359			1,775,784
2023		1,000,000		937,500		25,200		7,132,091		(5,169,391	)		(58,280	)		1,904,420
2022		1,000,000		1,117,500		430,819		2,548,319		—			(661,655	)		1,886,664
2021		1,149,618		1,008,900		12,000		8,123,233		(5,952,714	)		14,028,593			16,199,112
2020		N/A		N/A		N/A		N/A		N/A			N/A			N/A

Supplemental

Equity Component of CAP for FY 2024:


Equity Type	Fair Value of Current Year Equity Awards at 12/31/2024		Change in Value of Prior Years’ Awards Unvested at 12/31/2024		Change in Value of Prior Years’ Awards That Vested in FY 2024		Fair Value of Prior Years’ Awards Forfeited in FY 2024		Equity Value Included in CAP
Second PEO (Jardon)		2,713,547		(2,834,539)		180,351		—		59,359
Average Non-PEO NEOs		761,202		(718,730)		79,920		—		122,393

Non-PEO NEO Average Total Compensation Amount

$ 2,309,945

$ 2,322,168

$ 915,480

$ 2,713,792

$ 880,505

Non-PEO NEO Average Compensation Actually Paid Amount

$ 960,713

1,158,681

899,231

3,627,261

641,151

Adjustment to Non-PEO NEO Compensation Footnote

(2)	To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation		SCT Total		Deductions from SCT Total			Additions to SCT Total			CAP
			(i)						(ii)			(iii)
2024		456,288		252,099		129,933		2,309,945		(1,471,625	)		122,393			960,713
2023		447,099		335,324		110,165		2,322,168		(1,429,580	)		266,093			1,158,681
2022		445,328		398,123		72,029		915,480		—			(16,248	)		899,231
2021		406,922		242,138		634,634		2,713,792		(1,430,265	)		2,343,734			3,627,261
2020		345,357		151,244		5,332		880,505		(378,573	)		139,219			641,151

(i)

Reflects “all other compensation” reported in the SCT for each year shown.

(ii)

(iii)

Compensation Actually Paid vs. Total Shareholder Return

The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and the TSR performance of our common units with the TSR performance of our comparison group. For purposes of our equity compensation program, we use the SPDR S&P Oil & Gas Equipment & Services ETF (XES) as our comparison group. The TSR amounts in the graph assume that $100 was invested beginning on December 31, 2019 and that all distributions or dividends were reinvested on a quarterly basis.


Compensation Actually Paid Versus TSR ($)
	12/31/20		12/31/21		12/31/22		12/31/23		12/31/24
Compensation Actually Paid to First PEO		736,558		8,207,367		—		—		—
Compensation Actually Paid to Second PEO		—		16,199,112		1,886,664		1,904,420		1,775,784
Average Compensation Actually Paid to Non-PEO NEOs		641,151		3,627,261		899,231		1,158,681		960,713
TSR		53.00		46.26		58.45		51.45		40.20
Peer Group TSR		56.62		63.42		102.76		109.63		103.72

Compensation Actually Paid vs. Net Income

The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and our Net Income (Loss).


Compensation Actually Paid Versus Net Income (Loss) ($)
	12/31/20			12/31/21			12/31/22			12/31/23			12/31/24
Compensation Actually Paid to First PEO		736,558			8,207,367			—			—			—
Compensation Actually Paid to Second PEO		—			16,199,112			1,886,664			1,904,420			1,775,784
Average Compensation Actually Paid to Non-PEO NEOs		641,151			3,627,261			899,231			1,158,681			960,713
Net Income (Loss)		(307,045	)		(131,891	)		(20,145	)		(23,360	)		51,918

Compensation Actually Paid vs. Company Selected Measure

The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and our Adjusted EBITDA.


Compensation Actually Paid Versus Adjusted EBITDA ($)
	12/31/20		12/31/21		12/31/22		12/31/23		12/31/24
Compensation Actually Paid to First PEO		736,558		8,207,367		—		—		—
Compensation Actually Paid to Second PEO		—		16,199,112		1,886,664		1,904,420		1,775,784
Average Compensation Actually Paid to Non-PEO NEOs		641,151		3,627,261		899,231		1,158,681		960,713
Adjusted EBITDA		100,186		125,940		206,233		248,880		347,403

Total Shareholder Return Vs Peer Group


Compensation Actually Paid Versus TSR ($)
	12/31/20		12/31/21		12/31/22		12/31/23		12/31/24
Compensation Actually Paid to First PEO		736,558		8,207,367		—		—		—
Compensation Actually Paid to Second PEO		—		16,199,112		1,886,664		1,904,420		1,775,784
Average Compensation Actually Paid to Non-PEO NEOs		641,151		3,627,261		899,231		1,158,681		960,713
TSR		53.00		46.26		58.45		51.45		40.20
Peer Group TSR		56.62		63.42		102.76		109.63		103.72

Tabular List, Table

Narrative Disclosure to Pay Versus Performance Table

For the fiscal year ending December 31, 2024, the Company used Total Stockholder Return (TSR) to link PRSU equity grants to performance. In addition, the Company used two financial performance measures to link compensation actually paid to its NEOs to company performance under its annual cash incentive program, Adjusted EBITDA and Free Cash Flow. In addition to these financial performance measures, the Company also used Total Recordable Case Frequency and ESG as

non-financial

performance measures under its annual cash incentive program. For a description of the Company’s PRSU grants, see page 27 and for a description of the Company’s annual cash incentive program, see page 25.

Important Performance Measures for 2024

TSR

Adjusted EBITDA

Free Cash Flow

Total Recordable Case Frequency

ESG

The following graphs compare various performance metrics with the compensation actually paid to our PEO(s) and other NEOs during each of the last five fiscal years. For compensation paid in 2021, we note that compensation paid to certain of our NEOs reflects amounts that were paid in connection with the Merger, including severance amounts that were not tied to performance measures. For this reason, we believe compensation paid in 2021 is not reflective of our ordinary course pay practices.

Total Shareholder Return Amount

$ 40.2

51.45

58.45

46.26

Peer Group Total Shareholder Return Amount

103.72

109.63

102.76

63.42

56.62

Net Income (Loss)

$ 51,918,000

$ (23,360,000)

$ (20,145,000)

$ (131,891,000)

$ (307,045,000)

Company Selected Measure Amount

347,403,000

248,880,000

206,233,000

125,940,000

100,186,000

Measure:: 1

TSR

Measure:: 2

Adjusted EBITDA

Measure:: 3

Free Cash Flow

Measure:: 4

Total Recordable Case Frequency

Measure:: 5

ESG

Kearney [Member]

PEO Total Compensation Amount

$ 7,234,574

$ 3,973,463

PEO Actually Paid Compensation Amount

$ 0

$ 8,207,367

$ 736,558

PEO Name

Mr. Kearney

Jardon [Member]

PEO Total Compensation Amount

6,962,497

7,132,091

2,548,319

$ 8,123,233

PEO Actually Paid Compensation Amount

$ 1,775,784

$ 1,904,420

$ 1,886,664

$ 16,199,112

$ 0

PEO Name

Mr. Jardon

PEO | Kearney [Member]

Bonus and NonEquity Incentive Compensation

Salary

$ 471,765

709,637

354,825

Other Compensation

3,643,750

12,825

PEO | Kearney [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

PEO | Kearney [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

(3,119,059)

(2,896,176)

4,091,852

(340,729)

PEO | Jardon [Member]

Bonus and NonEquity Incentive Compensation

Salary

$ 1,000,000

1,149,618

690,625

937,500

1,117,500

1,008,900

Other Compensation

25,800

25,200

430,819

12,000

PEO | Jardon [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

PEO | Jardon [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

(5,246,072)

(5,169,391)

(5,952,714)

PEO | Jardon [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

59,359

(58,280)

(661,655)

14,028,593

PEO | Jardon [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

2,713,547

PEO | Jardon [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

(2,834,539)

180,351

Non-PEO NEO

Bonus and NonEquity Incentive Compensation

Salary

456,288

447,099

445,328

406,922

345,357

252,099

335,324

398,123

242,138

151,244

Other Compensation

129,933

110,165

72,029

634,634

5,332

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

(1,471,625)

(1,429,580)

(1,430,265)

(378,573)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

122,393

$ 266,093

$ (16,248)

$ 2,343,734

$ 139,219

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

761,202

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

(718,730)