GRYPHON RECEIVES FUNDING FROM SAEV AND CSL

Gryphon Oilfield Solutions, LLC has secured a significant investment to support its continued technological advancements in the completions and down-hole tool sector of the oilfield service industry. The capital investment comes from Saudi Aramco Energy Ventures, the corporate venturing subsidiary of Saudi Arabia’s national oil company, and CSL Capital Management, a private equity firm with multiple interests in energy and oilfield service companies. The funds will be used to significantly expand Gryphon’s rapidly evolving dissolvable tool portfolio and support on-going commercialization activities.

About Gryphon Oilfield Solutions

Gryphon is an Oilfield Completion Tool and Casing Equipment solutions-based company, established in 2016. Gryphon is backed by CSL Capital Management, LLC, a private equity firm with multiple interests in energy and oilfield service companies. Headquartered in Houston, TX, Gryphon has bases established in Oklahoma, South Texas, East Texas, Midland, Canada and the U.K. Additional sales and service centers are currently being established. For more information, visit www.gryphonoilfield.com.

About CSL Capital Management LLC (“CSL”)

CSL is an SEC-registered private equity firm founded in early 2008 and headquartered in Houston, TX. Since its inception, CSL has raised in excess of $1.5 billion in equity capital and commitments across various investment vehicles. The firm’s focus is on investing in small to mid- size energy service businesses, in the U.S. and Internationally. CSL’s current portfolio includes several de novo, growth, recapitalization, and other investments. For more information, visit www.cslenergy.com.

About Saudi Aramco Energy Ventures LLC (“SAEV”)

SAEV is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), is a fully integrated energy and petrochemical enterprise. SAEV is headquartered in Dhahran with offices in North America, Europe and Asia.

For more information, visit www.saev.com or call 281/738-