Revenues

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Our revenues are generated by services, which are consumed as provided by our customers on their sites. As a decentralized organization, contracts for our services are negotiated on a regional level and are on a per job basis, with jobs being completed in a short period of time, usually one day or up to a week. Revenue is recognized as performance obligations have been completed on a daily basis either as Accounts Receivable or Work-in-Process ("WIP"), when all of the proper approvals are obtained.

As of December 31, 2019, accounts receivable related to products and services were $99.6 million. At December 31, 2019, the Company had $1.0 million of contract assets and $0.9 million of contract liabilities on our consolidated balance sheet. At December 31, 2018, the Company had $1.1 million of contract assets and $0.9 million contract liabilities recorded on our consolidated balance sheet.

Basic does not have any long-term service contracts; nor do we have revenue expected to be recognized in any future year related to remaining performance obligations or contracts with variable consideration related to undelivered performance obligations.

The following table summarizes our disaggregated revenues by geographical markets and major service lines for the years ended December 31, 2019, and 2018 (in thousands):


	Well Servicing		Water Logistics		Completion & Remedial Services		Discontinued Operations		Total
Twelve Months Ended December 31, 2019
Primary Geographical Markets
Permian Basin	$	115,803	$	106,306	$	62,919	$	23,697	$	308,725
ArkLaTex & Mid-Continent	49,122		43,915		14,466		108,396		215,899
Rocky Mountain	24,069		22,310		69,526		3,507		119,412
Texas Gulf Coast	28,308		38,068		—		7,285		73,661
West Coast	21,727		—		—		—		21,727
Corporate (Intercompany)	(12,063)		(10,783)		(6,443)		—		(29,289)
Total	$	226,966	$	199,816	$	140,468	$	142,885	$	710,135

Major Service Lines
Well Servicing	$	187,693	—		—		—		$	187,693
Plugging	26,050		—		—		—		26,050
Transport/Vacuum	—		122,008		—		—		122,008
Production and Disposal Facilities	—		20,519		—		—		20,519
Hot Oiler	—		20,709		—		—		20,709
RAFT	—		—		73,978		—		73,978
Coiled Tubing	—		—		54,428		—		54,428
Snubbing	—		—		3,709		—		3,709
Taylor Industries - Manufacturing (Intercompany)	3,931		—		—		—		3,931
Discontinued Operations	—		—		—		142,885		142,885
Other	9,292		36,580		8,353		—		54,225
Total	$	226,966	$	199,816	$	140,468	$	142,885	$	710,135


	Well Servicing		Water Logistics		Completion & Remedial Services		Discontinued Operations		Total
Twelve Months Ended December 31, 2018
Primary Geographical Markets
Permian Basin	$	118,631	$	125,528	$	77,419	$	72,832	$	394,410
Texas Gulf Coast	28,313		35,074		1,030		13,660		78,077
ArkLaTex & Mid-Continent	52,511		44,492		26,641		208,353		331,997
West Coast	30,342		—		—		—		30,342
Rocky Mountain	27,067		31,908		84,291		16,310		159,576
Eastern USA	5,560		—		3,609		—		9,169
Corporate (Intercompany)	(11,442)		(5,719)		(21,690)		—		(38,851)
Total	$	250,982	$	231,283	$	171,300	$	311,155	$	964,720

Major Service Lines
Well Servicing	$	208,307	$	—	$	—	$	—	$	208,307
Plugging	25,165		—		—		—		25,165
Transport/Vacuum	—		142,222		—		—		142,222
Production and Disposal Facilities	—		24,204		—		—		24,204
Hot Oiler	—		20,613		—		—		20,613
RAFT	—		—		88,527		—		88,527
Coiled Tubing	—		—		68,935		—		68,935
Snubbing	—		—		10,972		—		10,972
Taylor Industries - Manufacturing (Intercompany)	7,660		—		—		—		7,660
Discontinued Operations	—		—		—		311,155		311,155
Other	9,850		44,244		2,866		—		56,960
Total	$	250,982	$	231,283	$	171,300	$	311,155	$	964,720