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Business Segments
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Business Segments Business Segments
In accordance with ASC No. 280, Segment Reporting (“ASC 280”), the Company routinely evaluates whether its separate segments have changed. This determination is made based on the following factors: (1) the Company’s chief operating decision maker (“CODM”) is currently managing each operating segment as a separate business and evaluating the performance of each segment and making resource allocation decisions distinctly and expects to do so for the foreseeable future, and (2) discrete financial information for each operating segment is available.
The following is a description of each reportable segment:
Completion Services
The Company’s Completion Services segment consists of the following businesses and service lines: (1) hydraulic fracturing services; (2) wireline and pumping services; and (3) completion support services, which includes our Power Solutions natural gas fueling business, our proppant last mile logistics and storage business, and our R&T department.
Well Construction and Intervention Services
 Following the sale of the Company’s coiled tubing assets, the Company’s WC&I Services segment consists of the cementing services service line.
On August 1, 2022, the Company sold its coiled tubing assets to Gladiator Energy LLC for a cash purchase price of $21.6 million, which resulted in a gain on sale of assets of $11.6 million. The divestiture of non-core assets is consistent with the Company’s strategy to repurpose capital towards the highest return projects that fit the Company’s strategy around wellsite integration, while also strengthening liquidity.
Historical Segment: Well Support Services
 The Company’s Well Support Services segment consisted of the following businesses and service lines: (1) rig services; (2) fluids management services; and (3) other specialty well site services. On March 9, 2020, the Company completed the divestiture of its Well Support Services segment for $93.7 million of total proceeds, including $59.4 million in cash, before transaction costs, escrowed amounts, and subject to customary working capital adjustments, for a net of $53.3 million received at close, and $34.4 million of par value Senior Secured Notes, with 10.75% coupon rate, ("WSS Notes") previously issued by Basic. This resulted in a gain on divestiture of $8.7 million. The gain is recorded within (Gain) Loss on Disposal of Assets on the Consolidated Statements of Operations and Comprehensive Income (Loss). Income per share for the three months ended March 31, 2020 attributable to the divested Well Support Services segment was less than $0.01. On July 29, 2020, the Company received the escrowed cash amount in final settlement for working capital reconciliation.
The following tables present financial information with respect to the Company’s segments. Corporate and Other represents costs not directly associated with a segment, such as interest expense, income taxes and corporate overhead. Corporate assets include cash, deferred financing costs, derivatives and entity-level machinery equipment.
Year Ended December 31,
202220212020
Operations by reportable segment
Adjusted gross profit (loss):
Completion Services(1)
$724,268 $165,867 $168,276 
WC&I(1)
30,459 10,016 9,731 
Well Support Services(1)
— — 12,338 
Total adjusted gross profit$754,727 $175,883 $190,345 
(1) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company's segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280. Adjusted gross profit is defined as revenue less cost of services, further adjusted to eliminate items in cost of services that management does not consider in assessing ongoing performance.

Year ended December 31, 2022
Completion ServicesWC&ITotal
Revenue$3,091,220 $153,602 $3,244,822 
Cost of Services2,366,952 123,143 2,490,095 
Gross profit excluding depreciation and amortization724,268 30,459 754,727 
Management adjustments associated with cost of services(1)
— — — 
Adjusted gross profit(2)
$724,268 $30,459 $754,727 

(1) Adjustments relate to market-driven severance, leased facility closures, and restructuring costs incurred as a result of significant declines in crude oil prices resulting from demand destruction from the COVID-19 pandemic and global oversupply of crude oil.
(2) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company’s segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280.

Year ended December 31, 2021
Completion ServicesWC&ITotal
Revenue$1,324,888 $98,553 $1,423,441 
Cost of Services1,165,881 89,440 1,255,321 
Gross profit excluding depreciation and amortization159,007 9,113 168,120 
Management adjustments associated with cost of services(1)
6,860 903 7,763 
Adjusted gross profit(2)
$165,867 $10,016 $175,883 

(1) Adjustments relate to market-driven severance and restructuring costs incurred as a result of significant declines in crude oil prices resulting from demand destruction from the COVID-19 pandemic and global oversupply.
(2) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company’s segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280.
Year ended December 31, 2020
Completion ServicesWC&IWell Support ServicesTotal
Revenue$1,046,314 $98,338 $57,929 $1,202,581 
Cost of Services893,785 93,198 45,591 1,032,574 
Gross profit excluding depreciation and amortization152,529 5,140 12,338 170,007 
Management adjustments associated with cost of services(1)
15,747 4,591 — 20,338 
Adjusted gross profit(2)
$168,276 $9,731 $12,338 $190,345 

(1) Adjustments relate to market-driven severance and restructuring costs incurred as a result of significant declines in crude oil prices resulting from demand destruction from the COVID-19 pandemic and global oversupply.
(2) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company’s segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280.

(Thousands of Dollars)
December 31,
2022		December 31,
2021
Total assets by segment:
Completion Services
$1,404,557 $1,201,265 
WC&I
38,150 60,195 
Corporate and Other
284,461 196,121 
Total assets
$1,727,168 $1,457,581 
Goodwill by segment:
Completion Services
$192,780 $192,780 
WC&I
— — 
Corporate and Other— — 
Total goodwill
$192,780 $192,780