Page 5 - Seitel 2016 Sustainability Report
P. 5

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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