Additional Frac Crews and Re-Fracs

We have added ~10 additional frac crews to our inventory beginning in May 2022. These crews were mostly in the Permian region. The crews were operating on wells that had already submitted completion reports months before arriving on site which is why we previously did not image those wells and detect the crews. It appears a few operators have switched to submitting completion reports to state agencies once drilling is complete which hides their fracking efforts. Thankfully we caught this practice by analyzing production data vs completion dates and used archival satellite imagery to ID the crews. We have now revised our image collection procedure to include wells even when they have submitted completions to the state. This also has the benefit of capturing re-fracks which is an uncommon but increasingly popular practice in more mature plays.