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Discontinued Operations
6 Months Ended
Jun. 30, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations

18. DISCONTINUED OPERATIONS

In a continuing effort to streamline our business and align our business strategy for further integration of services and products, the Company committed to divest the business of our full range of permanent downhole monitoring systems and related services, which had been part of our Production Enhancement segment.

In 2019, we entered into a definitive purchase agreement to sell this business unit for cash consideration, subject to adjustments for working capital purposes. The purchase agreement also provided for additional proceeds based on the results of operations of the sold business in 2019 and 2020. We completed the divestment of this business in 2019 and we concluded final adjustments to the purchase price in 2020. We determined there were no additional proceeds based on the results of operations of the sold business.

Any associated results of operations are separately reported as discontinued operations for all periods presented on the consolidated statements of operations.

There are no activities or net cash provided by operating activities or discontinued operations recorded for the three and six months ended June 30, 2021 and 2020. There are no balances recorded for the discontinued operations as of June 30, 2021 and December 31, 2020.