Page 4 - Seitel 2016 Sustainability Report
P. 4

Letter






          From                                                                                                                                                Seitel believes that sustainability is central to every aspect
                                                                                                                                                                              of who we are as a business:

                                                                                                                                                                          the role we play in our communities,
          The                                                                                                                                                          our ongoing environmental stewardship,

                                                                                                                                                                               who we do business with,
                                                                                                                                                                               our commitment to safety,
          CEO                                                                                                                                                                and our internal governance.



















                                                                                                                                          Seitel’s mission is to provide the oil and gas industry with licenses   In 2016, the oil and gas industry continued to face uncertainty and
                                                                                                                                          to high quality seismic data in a cost-effective fashion while    challenges due to unstable political climates and volatile oil and gas
                                                                                                                                          operating with integrity and conducting its activities in a safe,   prices.  Seitel performed well under these difficult circumstances –
                                                                                                                                          sound, and sustainable manner.                     demonstrating that we can operate successfully even during times of
                                                                                                                                                                                             market uncertainty, while not compromising our efforts in sustainability.
                                                                                                                                          In recent years, Seitel has placed a greater emphasis on the
                                                                                                                                          concept of sustainability in relation to its business.  We recognize   During the recent industry downturn, Seitel took the opportunity
                                                                                                                                          that operating sustainably cannot be narrowly defined - it isn’t   to refine processes and focus on development to strengthen its
                                                                                                                                          about just checking certain boxes or operating within certain    business.  As the outlook for the market improves, we will maintain
                                                                                                                                          pre-defined parameters.  Seitel believes that sustainability is central    our commitment to manage costs, optimize our data library, and
                                                                                                                                          to every aspect of who we are as a business: the role we play in   efficiently manage our acquisition projects.  Most importantly,
                                                                                                                                          our communities, our ongoing environmental stewardship,    we will continue to operate in a way that is consistent with our
              We  recognize that  operating  sustainably  cannot  be                                                                      who we do business with, our commitment to safety, and our   commitment to sustainability.
                                                                                                                                          internal governance.
              narrowly  defined  -  it  isn’t  about  just  checking  certain                                                                                                                We invite you to learn about what Seitel is doing to promote
                                                                                                                                          We are unique in our industry, choosing to engage highly qualified   a sustainable workplace.
              boxes or operating within certain pre-defined parameters.                                                                   third-party contractors instead of owning and operating our own   Sincerely,
                                                                                                                                          crews when we want to shoot new data.  Even though we contract
                                                                                                                                          crew companies, we understand and take seriously our ability to
                                                                                                                                          influence and direct their activities associated with our business in   Robert D. Monson
                                                                                                                                                                                             Chief Executive Officer Seitel, Inc.
                                                                                                                                          a way that is consistent with our own sustainability goals.  Houston, May 2017



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