Segment Reporting And Other Disaggregated Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting and Other Disaggregated Information

21. SEGMENT REPORTING AND OTHER DISAGGREGATED INFORMATION

Segment Reporting

We operate our business in two reportable segments. These complementary segments provide different services and products and utilize different technologies for evaluating and improving reservoir performance and increasing oil and gas recovery from new and existing fields:

•Reservoir Description: Encompasses the characterization of petroleum reservoir rock and reservoir fluids samples to increase production and improve recovery of crude oil and natural gas from our clients' reservoirs. We provide laboratory-based analytical and field services to characterize properties of crude oil and crude oil-derived products to the oil and gas industry. We also provide proprietary and joint industry studies based on these types of analyses and manufacture associated laboratory equipment.

•Production Enhancement: Includes services and manufactured products relating to reservoir well completions, perforations, stimulations and production. We provide integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects.

We use the same accounting policies to prepare our segment results as are used to prepare our consolidated financial statements. All interest and other non-operating income (expense) is attributable to Corporate & Other and is not allocated to specific segments. Summarized financial information concerning our segments is shown in the following table (in thousands):

As at and for the years ended:	Reservoir Description		Production Enhancement			Corporate & Other(1)			Consolidated
December 31, 2021
Revenue from unaffiliated clients	$	313,609	$	156,643		$	—		$	470,252
Inter-segment revenue		346		299			(645	)		—
Segment operating income (loss)		28,958		15,163			1,141			45,262
Total assets (at end of period)		305,256		142,310			133,287			580,853
Capital expenditures		9,572		2,281			1,686			13,539
Depreciation and amortization		11,789		5,728			999			18,516
December 31, 2020
Revenue from unaffiliated clients	$	355,041	$	132,226		$	—		$	487,267
Inter-segment revenue		313		521			(834	)		—
Segment operating income (loss)		55,044		(133,449	)		1,600			(76,805	)
Total assets (at end of period)		327,386		129,568			111,625			568,579
Capital expenditures		6,135		5,460			285			11,880
Depreciation and amortization		13,612		6,203			1,052			20,867
December 31, 2019
Revenue from unaffiliated clients	$	420,897	$	247,313		$	—		$	668,210
Inter-segment revenue		436		500			(936	)		—
Segment operating income (loss)		55,140		38,378			3,166			96,684
Total assets (at end of period)		343,405		279,769			151,499			774,673
Capital expenditures		10,439		11,253			577			22,269
Depreciation and amortization		15,109		5,645			1,851			22,605

(1) "Corporate and other" represents those items not directly related to a particular segment and eliminations.

Disaggregated Revenue

We derive our revenue from services and product sales contracts with clients primarily in the oil and gas industry. We attribute service revenue to the country in which the service was performed rather than where the reservoir or project is located while we attribute product sales revenue to the country where the product was shipped as we feel this gives a clearer view of our operations. We do, however, have significant levels of service revenue performed and recorded in the U.S. that are sourced from projects on non-U.S. oilfields. No single client accounted for 10% or more of revenue in any of the periods presented.

	For the Years Ended December 31,
	2021		2020		2019
Reservoir Description Services	$	296,576	$	332,085	$	389,801
Production Enhancement Services		47,766		44,336		84,392
Total Revenue - Services	$	344,342	$	376,421	$	474,193
Reservoir Description Product sales	$	17,033	$	22,956	$	31,096
Production Enhancement Product sales		108,877		87,890		162,921
Total Revenue - Product sales	$	125,910	$	110,846	$	194,017
Total Revenue	$	470,252	$	487,267	$	668,210

	United		Other
As at and for the years ended:	States		Countries(1) (2)		Consolidated
December 31, 2021
Revenue	$	148,183	$	322,069	$	470,252
Property, plant and equipment, net		58,031		52,921		110,952
December 31, 2020
Revenue	$	158,937	$	328,330	$	487,267
Property, plant and equipment, net		62,619		52,674		115,293
December 31, 2019
Revenue	$	289,173	$	379,037	$	668,210
Property, plant and equipment, net		66,053		57,453		123,506
(1) Revenue earned in other countries, including the Netherlands, was not individually greater than 10% of our consolidated revenue in 2021, 2020 and 2019.
(2) Property, plant and equipment, net in other countries, including the Netherlands, were not individually greater than 10% of our consolidated property, plant and equipment in 2021, 2020 and 2019.