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Revenues and Customer Receivables
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenues and Customer Receivables Revenues and Customer Receivables
The Company's revenues are generated by services, which are consumed as provided by its customers on their sites. As a decentralized organization, contracts for the Company's 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.
A small percentage of the Company's jobs may require performance obligations which extend over a longer period of time and are not invoiced until all performance obligations in the contract are complete, such as plugging a well, fishing services, and pad site preparation jobs. Because these jobs are performed on the customer's job site, and the Company is contractually entitled to bill for its services performed to date, revenues for these service lines are recognized on a daily basis as services are performed and recorded as Contract Assets rather than as WIP or accounts receivable. Contract Assets are typically invoiced within 30 to 60 days of recognizing revenue.
As of June 30, 2020, accounts receivable related to products and services, net of associated allowance for credit losses, were $70.9 million compared to $99.6 million at December 31, 2019. At June 30, 2020, the Company had $3.4 million of contract assets and $0.7 million of contract liabilities on its consolidated balance sheet compared to $1.0 million of contract assets and $0.9 million of contract liabilities on its consolidated balance sheet at December 31, 2019. Contract assets are included in Trade Accounts Receivables, and contract liabilities are included in Other Current Liabilities on our consolidated balances sheets.
For accounts receivable related to products and services, the Company estimates its expected credit losses by reviewing and monitoring updated customer credit scores and risk ratings provided by third party and internal resources, considering the future impact of the current business and industry environment, and reviewing the historical loss experience by type of customer. During the six month period ended June 30, 2020, the Company considered the impact of the sharp decline in the West Texas Intermediate oil price on the credit quality of its customers and included this impact in its allowance for credit losses as of June 30, 2020. In addition, the Company included in its allowance for credit losses the impact of the approximately $39.5 million of accounts receivable from the acquisition of CJWS as of the March 9, 2020, closing date. The following table presents activity in the allowance for credit losses (in thousands):
Six Months Ended June 30, 2020
Balance as of December 31, 2019$2,208  
Provision for expected credit losses, net of recoveries4,425  
Initial allowance for expected credit losses on purchased customer receivables—  
Balance as of June 30, 2020$6,633  
The Company does not have any long-term service contracts, nor does it 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 sets forth certain financial information with respect to the Company’s disaggregation of revenues by geographic location and type (in thousands):
Reportable Segments
Well ServicingWater LogisticsCompletion & Remedial ServicesDiscontinued OperationsTotal
Three Months Ended June 30, 2020
Primary Geographical Markets
Central$18,945  $20,421  $3,939  $20  $43,325  
Western28,619  14,128  5,729  5  48,481  
Corporate (Intercompany) (246) (1,295) (603) —  (2,144) 
Total$47,318  $33,254  $9,065  $25  $89,662  
Major Products or Service Line
Well Servicing27,291  —  —  —  27,291  
Plugging12,823  —  —  —  12,823  
Transport/Vacuum—  23,313  —  —  23,313  
Production and Disposal Facilities—  4,357  —  —  4,357  
Hot Oiler—  1,859  —  —  1,859  
RAFT—  —  6,759  —  6,759  
Coiled Tubing—  —  1,451  —  1,451  
Snubbing—  —  334  —  334  
Taylor Industries - Manufacturing1,914  —  —  —  1,914  
Discontinued Operations—  —  —  25  25  
Other5,290  3,725  521  —  9,536  
Total$47,318  $33,254  $9,065  $25  $89,662  

Well ServicingWater LogisticsCompletion & Remedial ServicesDiscontinued OperationsTotal
Three Months Ended June 30, 2019
Primary Geographical Markets
Central51,431  48,146  19,815  42,113  161,505  
Western11,253  5,528  19,811  770  37,362  
Corporate (Intercompany)(4,166) (2,643) (1,200) (1,011) (9,020) 
Total$58,518  $51,031  $38,426  $41,872  $189,847  
Major Products or Service Line
Well Servicing47,431  —  —  —  47,431  
Plugging6,868  —  —  —  6,868  
Transport/Vacuum—  29,054  —  —  29,054  
Production and Disposal Facilities—  8,667  —  —  8,667  
Hot Oiler—  5,171  —  —  5,171  
RAFT—  —  18,703  —  18,703  
Coiled Tubing—  —  16,273  —  16,273  
Snubbing—  —  1,282  —  1,282  
Taylor Industries - Manufacturing1,513  —  —  —  1,513  
Discontinued Operations—  —  —  41,872  41,872  
Other2,706  8,139  2,168  —  13,013  
Total$58,518  $51,031  $38,426  $41,872  $189,847  
Well ServicingWater LogisticsCompletion & Remedial ServicesDiscontinued OperationsTotal
Six Months Ended June 30, 2020
Primary Geographical Markets
Central58,965  58,838  17,123  115  135,041  
Western48,281  22,333  19,325  5  89,944  
Corporate (Intercompany) (1,787) (3,536) (1,502) —  (6,825) 
Total$105,459  $77,635  $34,946  $120  $218,160  
Major Products or Service Line
Well Servicing73,098  —  —  —  73,098  
Plugging21,367  —  —  —  21,367  
Transport/Vacuum—  51,425  —  —  51,425  
Production and Disposal Facilities—  11,749  —  —  11,749  
Hot Oiler—  5,913  —  —  5,913  
RAFT—  —  21,203  —  21,203  
Coiled Tubing—  —  10,421  —  10,421  
Snubbing—  —  758  —  758  
Taylor Industries - Manufacturing3,694  —  —  —  3,694  
Discontinued Operations—  —  —  120  120  
Other7,300  8,548  2,564  —  18,412  
Total$105,459  $77,635  $34,946  $120  $218,160  

Well ServicingWater LogisticsCompletion & Remedial ServicesDiscontinued OperationsTotal
Six Months Ended June 30, 2019
Primary Geographical Markets
Central106,317  99,863  40,294  85,579  332,053  
Western24,072  12,071  36,401  2,072  74,616  
Corporate (Intercompany) (9,887) (5,302) (2,664) (1,767) (19,620) 
Total$120,502  $106,632  $74,031  $85,884  $387,049  
Major Products or Service Line
Well Servicing95,539  —  —  —  95,539  
Plugging13,761  —  —  —  13,761  
Transport/Vacuum—  59,801  —  —  59,801  
Production and Disposal Facilities—  17,737  —  —  17,737  
Hot Oiler—  11,951  —  —  11,951  
RAFT—  —  38,374  —  38,374  
Coiled Tubing—  —  28,836  —  28,836  
Snubbing—  —  2,477  —  2,477  
Taylor Industries - Manufacturing6,478  —  —  —  6,478  
Discontinued Operations—  —  —  85,884  85,884  
Other4,724  17,143  4,344  —  26,211  
Total$120,502  $106,632  $74,031  $85,884  $387,049