Our Center of Gravity | June 2022

Ryan T. Kelly

Chief Financial Officer

Childhood Dreams of Oil & Gas

I dreamed of working in the oil & gas industry from an early age. That probably sounds cliché since, growing up in Houston, many kids have parents or grandparents in the industry. Maybe it was me as an impressionable boy listening to stories told and retold by my greatgrandfather and grandfather at the dinner table, like bringing ice water to the drillers during the 2nd boom at Spindletop or being present for the first barrel produced in Alaska at Prudhoe Bay. Still, as early as I can remember, I imagined taking part in new discoveries and cutting my teeth in the oil patch because, as far as I was concerned, oil was in my blood, and I was destined to follow in their footsteps.

TakingtheFinanceTrack

As I was about to graduate high school, I decided to follow the great Kelly family giants ahead of me and enroll at Texas A&M. Much to my chagrin, my skill sets were better suited for a degree in finance rather than the likes of geology or petroleum engineering. Numbers seemed to make sense to me, but (as my wife can surely tell you), science and mechanics in my career (and around the house) presented all kinds of challenges.

After graduating from Texas A&M in the Spring of 2011, I was offered a job in the oil & gas investment banking group at Morgan Stanley in Houston. By that point, the shale boom in the US was well underway. While I acknowledged I might

havebeenbornalittlelateand lackedthecredentialstomake the"nextgreatdiscovery"inoil& gas,itwasstilltheonlyindustryI wantedtoworkin.Iffinancehad tobemytickettothedance,then sobeit!Iwasstillfulfillingthat childhooddreamasfarasIwas concerned,albeitbehindadesk andinfrontofanExcel spreadsheet. AsananalystatMorganStanley,I wasaffordedtheopportunityto workinnearlyalltheoilandgas sectors.Bythetimemy2-year commitmentatMorganStanley wasnearlyup,Ihadbeenmoved fromtheUpstreamteamtothe Servicesteamtoworkwithour newestdirector.IknewIwantedto moveonfrombankingtogain moreexperienceatanoilfield company.Asluckwouldhaveit,a jobopeningfounditswaytomy inboxatthenear-perfecttimefor acompanycalledGlobeEnergy Services.

GravityJourney Iwasfortunateenoughtojoin Globeasafinancialanalystinthe summerof2013.

As they say, the rest is history. In my nine+ years with Globe (and now Gravity), I have witnessed Gravity achieve many tremendous highs and endure a few lows. Having a front-row seat to these countless events has shaped my professional growth.

In the last six years alone, we have seen the restructuring of Globe in 2016 and the ensuing merger with LTR in 2017 to create Gravity. Followed by a series of acquisitions and divestitures, Gravity's offerings have grown and expanded its geographic footprint to the current segments we have today. With the onset of Covid-19, our team successfully navigated challenging times to remain profitable each and every month and worked within our capital structure to allow for more flexibility ahead of future growth. We have come out on the other side of the most recent oil & gas downturn to resume that growth mode and return to historical profitability margins.

A Bright Future

My current role as CFO has allowed me to work more closely with many of the extremely talented individuals at our company. Tackling daily challenges and evaluating strategic opportunities has only furthered my appreciation for just how skilled our team is.

My ask for both myself and the Gravity team is to take your skills and apply them and use them to teach others around you. Don't be afraid to take on new challenges and tasks or ask questions. These two quotes from Benjamin Franklin (one of my favorite historical figures in American history) come to mind:

I believe Gravity is well-positioned to capitalize on the exciting opportunities we have on the horizon. I am extremely proud of Gravity's reputation as one of the industry leaders in each of our segments. 2022 is already shaping up to be a year of growth for Gravity, and I am optimistic about where we can take this business in the years to come!

Time Away from the Office

Outside the office, most of my time is dedicated to my family. My favorite part of the day is coming home to my wife, Rachel, and our son, Charlie. Rachel and I are blessed to have both of our extended families in the Houston area, which is who we spend most nights and weekends with. When I'm not at home, you can find me hunting, fishing, hiking, playing basketball, enjoying a nice glass of wine, or cheering on the Astros or Aggies.

I think it's only fitting after reading Trace's great letter last month to close with a resounding Gig'Em!

Ryan T. Kelly Chief Financial Officer

"HIDE NOT YOUR TALENTS; THEY, FOR USE, WERE MADE. WHAT'S A SUNDIAL IN THE SHADE?"

B E N J A M I N F R A N K L I N

Zane Murphy Shop Hand

Midland Blend Plant

Lacee Echterhoff Branch Admin Shreveport

Stephanie Carrasco Laboratory Technician Odessa Lab

Jared Beasley

Chemical Account Manager Levelland-PC

Brandon Paehl Senior Account Manager Odessa-PC

Marcus Suniga Treating Truck Driver Seminole-PC

Blake Rose Mechanic Equipment Pecos

Justo Dominguez Lead Field Technician Pecos

Jesus Silvas III

Chemical Field Technician Pecos-PC

Jimmy Cooper

Mechanic-NG Generator Shreveport

Benjamin Reeme Field Technician w/CDL Shreveport

Yvette Banuelos Tech Service Analyst Tech Mgmt-Corp

Alfredo Tarango

Winch Truck Operator Pecos

Joe Nunez NG Coordinator Pecos

Andrew Gallegos Field Technician w/CDL Greeley-PR

Matt Fenner Natural Gas Technician Douglas-PR

Zach Claybrook Director Water Sourcing Midland Corporate 26

Don Digmann Mechanic Douglas-PR

Nick Larrow Financial Analyst Houston Business Office 27

Bryant Anderson Field Technician w/CDL Dickinson-PR 28

Timothy Lantz Branch Manager Dickinson-PR

Eddie Espinosa Jr. Natural Gas Field Technician Charlotte 29

Brian Fuentes Assistant Branch Manager Pecos

Barry Meduna Shop Foreman Dickinson-PR 30

Janette Marquez Payroll Manager Midland Corporate Office

WHAT MAKES THE

Dustin Niemietz

Adam Garcia

WHAT DUSTIN APPRECIATES ABOUT

HIS PEOPLE:

The companionship in Shreveport is unmatched. Each staff member demonstrates exemplary perseverance and dedication to the team and each other.

Our team cares about each other. Not a moment goes by where someone isn’t helping, teaching, or appreciating one another

Theron Willhite, Field Technician I

Jeremy M. Cooper, Coordinator

Nathan

Shane

Jimmy

Lorenzo

Lacee

The Mad Cow Saloon

This month’s Spotlight Employee takes us to Pecos, Texas. Rhonda James is a Field Technician and has been with Gravity since 2017.

When I first came to Gravity, I started as a Coordinator. I enjoyed learning how to dispatch the techs to different locations, track all the rented-out equipment, and work alongside the girls in admin to make their job easier. When the pandemic hit in 2020, I was put down as a Field Tech and was able to work in the shop installing all the TBSs in the rental equipment. Then I started helping out by washing equipment, moving it around the yard, and keeping the yard cleaned up and looking nice.

In 2021, I was given the opportunity to organize the parts room and keep it stocked up with filters for diesel and natural gas. Currently, I track and manage any issues with all the equipment brought back into the yard and create work orders for the mechanics in the shop. I have enjoyed learning every aspect of any job that Jeff Linderman has tasked me with. I enjoy working with everyone and helping in any way possible to make my or their jobs easier and safe.

On April 24, 2021, I made a change in my life and accepted Jesus Christ as my Lord and Savior, which has been the best change I have made. I have become active in the church, helping the other ladies with whatever activities need to be done.

Favorite Verse: Love is patient and kind; love does not envy or boast; it is not arrogant or rude. It does not insist on its own way; it is not irritable or resentful.

My Background

I was born in Florence, Arizona. My father went to Pecos with my uncle, and when he came back to Arizona, he told my mom, "I can make a good living in Pecos, Tx." So, when I was six months old, my parents loaded my two older siblings and me up to head to West Texas. My Father, Clinton Glenn, opened up Engine Service with his business partner Jimmy Calhoun in the early 60s until his retirement in 2004.

Growing up in Pecos, Tx, I had a great childhood. I have a sister, Kelly, and three brothers, Dennis, David, and Douglas. For as long as I can remember, my father worked many hours as a Diesel Mechanic. Over the years, my father has worked long hours, endured extreme weather, and missed several events in his life. My father never stopped doing what needed to be done to support his family. He instilled his work ethic in all his children.

My mom, Marlene, was a stay-at-home mom until her children were grown. Then she received her teaching certificate and taught school for 20+ years.

While in high school, I had a job at the local Dairy Mart until I graduated high school. After graduating, I attended Sul Ross State University and continued my education years later at Odessa College, studying Criminal Justice.

In 1985, I married, and in December 1987, I had my first daughter Ashley Dunn (Edmondson). I divorced in 1990 and re-married in 1992, and in April of 1993, I had my second daughter Amanda James (Shropshire). I worked at the prison for over 17 years before working at Gravity.

Having divorced a second time, I was a single mom focusing on raising my girls to be the best that they could be. Both of my girls were very active in high school, playing basketball, track, and cheerleading. I tried to instill the work ethics that my dad instilled in me. I am proud to say that my girls have done well; Ashley is a Nurse Practitioner, and Amanda has her dual license as Funeral Director.

June 27th, 1929, is a famous date for what? a. The end of the great depression b. The first color TV was demonstrated in NYC c. The Wright brothers introduced their final model plan to the US Air Force

Ricky Lucas HSE Ops Support Manager Oklahoma City

Daniel Garner

Shop Foreman Odessa