Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Financial Information with Respect to Reportable Segments

The following table sets forth certain financial information with respect to the Company’s reportable segments for the three and nine months ended September 30, 2020 and 2019 (in thousands):


	Well Servicing		Water Logistics		Completion & Remedial Services		Corporate and Other		Continuing Operations Total		Discontinued Operations
Three Months Ended September 30, 2020
Operating revenues	$	53,211	$	30,705	$	11,484	$	—	$	95,400	$	—
Direct operating costs	(44,766)		(28,506)		(11,503)		—		(84,775)		(2,304)
Segment profits	8,445		2,199		(19)		—		10,625		(2,304)
Depreciation and amortization	2,302		6,190		2,988		1,496		12,976		—
Capital expenditures	403		363		193		—		959		—

Three Months Ended September 30, 2019
Operating revenues	$	57,439	$	48,451	$	38,273	$	—	$	144,163	$	34,202
Direct operating costs	(48,111)		(34,783)		(25,685)		—		(108,579)		(29,886)
Segment profits	9,328		13,668		12,588		—		35,584		4,316
Depreciation and amortization	3,425		4,747		8,507		1,140		17,819		11,360
Capital expenditures	1,622		7,306		1,013		181		10,122		1,479


	Well Servicing		Water Logistics		Completion & Remedial Services		Corporate and Other		Continuing Operations Total		Discontinued Operations
Nine Months Ended September 30, 2020
Operating revenues	$	158,670	$	108,340	$	46,430	$	—	$	313,440	$	120
Direct operating costs	(134,968)		(87,207)		(42,331)		—		(264,506)		(4,714)
Segment profits	23,702		21,133		4,099		—		48,934		(4,594)
Depreciation and amortization	7,200		19,365		9,349		4,679		40,593		—
Capital expenditures	2,257		3,824		1,200		(3)		7,278		—
Identifiable assets	$	44,717	$	122,555	$	62,292	$	158,699	$	388,263	$	8,442

Nine Months Ended September 30, 2019
Operating revenues	$	177,941	$	155,083	$	112,304	$	—	$	445,328	$	120,086
Direct operating costs	(143,081)		(107,611)		(78,070)		—		(328,762)		(104,710)
Segment profits	34,860		47,472		34,234		—		116,566		15,376
Depreciation and amortization	9,858		13,667		24,489		3,283		51,297		34,370
Capital expenditures	13,166		22,357		6,541		626		42,690		11,206
Identifiable assets	$	82,819	$	115,693	$	104,939	$	257,959	$	561,410	$	106,219

Reconciliation of Segment Profits to Consolidated Operating Loss

The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations for the three and nine months ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Segment profits	$	10,625	$	35,584	$	48,934	$	116,566
General and administrative expenses	(25,451)		(28,529)		(90,958)		(90,471)

Depreciation and amortization	(12,976)		(17,819)		(40,593)		(51,297)
Gain (loss) on disposal of assets	5,190		(738)		5,700		(2,014)
Asset impairment	(1,830)		—		(101,458)		—
Operating loss	$	(24,442)	$	(11,502)	$	(178,375)	$	(27,216)