Altitude Energy Partners, LLC (“Altitude” or the “Company”)

Altitude is a leading provider of high-end, technically advanced equipment and services utilized to drill horizontal oil and gas wells. The Company owns and operates a large and modern fleet of rotary steerable systems and high-performance mud motors and utilizes highly reliable third-party measurement-while-drilling technologies to deliver exceptional directional drilling performance for its customers. Headquartered in Casper, Wyoming, the Company has ~300 employees and contractors with operations in the Permian Basin, Rockies, Eagle Ford, and Haynesville.

Black Bay Energy Capital, LLC (“Black Bay”)

Black Bay, established in 2016, is a private equity firm focused on the North American energy sector. Black Bay invests equity capital alongside talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. Headquartered in New Orleans, Louisiana, Black Bay most recently raised $210 million for its second fund, in which it has already made two investments to date.

Cathedral Energy Services Ltd. (TSX:CET) (“Cathedral”)

Cathedral, based in Calgary, Alberta, is incorporated under the Business Corporations Act (Alberta) and operates in the U.S. under Cathedral Energy Services Inc. Cathedral is publicly-traded on the Toronto Stock Exchange under the symbol "CET". Cathedral is a trusted partner to North American energy companies requiring high-performance directional drilling services. Cathedral works in partnership with its customers to tailor its equipment and expertise to meet their specific geographical and technical needs. Cathedral's experience, technologies, and responsive personnel enable its customers to achieve higher efficiencies and lower project costs.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: