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Segment Reporting
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting

19. SEGMENT REPORTING

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

 

•

Reservoir Description: Encompasses the characterization of petroleum reservoir rock, fluid and gas samples to increase production and improve recovery of oil and gas from our clients' reservoirs. We provide laboratory based analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. We also provide proprietary and joint industry studies based on these types of analysis.

 

•

Production Enhancement: Includes services and 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.

Results for these segments are presented below. 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):

 

 

 

Reservoir

Description

 

 

Production

Enhancement

 

 

Corporate &

Other 1

 

 

Consolidated

 

Three months ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from unaffiliated clients

 

$

88,442

 

 

$

27,294

 

 

$

—

 

 

$

115,736

 

Inter-segment revenue

 

 

62

 

 

 

88

 

 

 

(150

)

 

 

—

 

Segment operating income (loss)

 

 

13,534

 

 

 

(16,324

)

 

 

223

 

 

 

(2,567

)

Total assets (at end of period)

 

 

321,003

 

 

 

133,133

 

 

 

160,305

 

 

 

614,441

 

Capital expenditures

 

 

1,820

 

 

 

1,198

 

 

 

47

 

 

 

3,065

 

Depreciation and amortization

 

 

3,452

 

 

 

1,706

 

 

 

267

 

 

 

5,425

 

Three months ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from unaffiliated clients

 

$

105,649

 

 

$

63,389

 

 

$

—

 

 

$

169,038

 

Inter-segment revenue

 

 

151

 

 

 

176

 

 

 

(327

)

 

 

—

 

Segment operating income

 

 

15,878

 

 

 

10,424

 

 

 

1,706

 

 

 

28,008

 

Total assets (at end of period)

 

 

342,843

 

 

 

290,967

 

 

 

147,708

 

 

 

781,518

 

Capital expenditures

 

 

2,744

 

 

 

4,281

 

 

 

22

 

 

 

7,047

 

Depreciation and amortization

 

 

3,834

 

 

 

1,544

 

 

 

408

 

 

 

5,786

 

Six months ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from unaffiliated clients

 

$

191,144

 

 

$

76,992

 

 

$

—

 

 

$

268,136

 

Inter-segment revenue

 

 

162

 

 

 

404

 

 

 

(566

)

 

 

—

 

Segment operating income (loss)

 

 

24,596

 

 

 

(137,623

)

 

 

1,487

 

 

 

(111,540

)

Total assets

 

 

321,003

 

 

 

133,133

 

 

 

160,305

 

 

 

614,441

 

Capital expenditures

 

 

3,232

 

 

 

3,112

 

 

 

62

 

 

 

6,406

 

Depreciation and amortization

 

 

6,974

 

 

 

3,347

 

 

 

545

 

 

 

10,866

 

Six months ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from unaffiliated clients

 

$

208,941

 

 

$

129,291

 

 

$

—

 

 

$

338,232

 

Inter-segment revenue

 

 

247

 

 

 

220

 

 

 

(467

)

 

 

—

 

Segment operating income

 

 

22,057

 

 

 

20,336

 

 

 

2,029

 

 

 

44,422

 

Total assets

 

 

342,843

 

 

 

290,967

 

 

 

147,708

 

 

 

781,518

 

Capital expenditures

 

 

4,646

 

 

 

7,132

 

 

 

452

 

 

 

12,230

 

Depreciation and amortization

 

 

7,821

 

 

 

2,727

 

 

 

825

 

 

 

11,373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) "Corporate & Other" represents those items that are not directly related to a particular segment, eliminations and the assets and liabilities of discontinued operations.