0000950170-23-003465.txt : 20230221 0000950170-23-003465.hdr.sgml : 20230221 20230221170710 ACCESSION NUMBER: 0000950170-23-003465 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20230221 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230221 DATE AS OF CHANGE: 20230221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Select Energy Services, Inc. CENTRAL INDEX KEY: 0001693256 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 814561945 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38066 FILM NUMBER: 23649304 BUSINESS ADDRESS: STREET 1: 1233 W LOOP SOUTH, SUITE 1400 CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: (713) 235-9500 MAIL ADDRESS: STREET 1: 1233 W LOOP SOUTH, SUITE 1400 CITY: HOUSTON STATE: TX ZIP: 77027 8-K 1 wttr-20230221.htm 8-K 8-K
false000169325600016932562023-02-212023-02-21

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 21, 2023

 

SELECT ENERGY SERVICES, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware

001-38066

81-4561945

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

 

 

 

1233 West Loop South, Suite 1400

Houston, TX 77027

 

(Address of Principal Executive Offices)

 

 

 

 

(713) 235-9500

 

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Ticker symbol(s)

Name of each exchange on which
registered

Class A common stock, $0.01 par value

WTTR

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

Item 2.02 – Results of Operations and Financial Condition.

On February 21, 2023, Select Energy Services, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022. A copy of the Company’s press release covering such announcement and certain other matters is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press Release, dated February 21, 2023.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

THE INFORMATION FURNISHED UNDER ITEM 2.02 OF THIS CURRENT REPORT, INCLUDING EXHIBIT 99.1 ATTACHED HERETO, SHALL NOT BE DEEMED “FILED” FOR THE PURPOSES OF SECTION 18 OF THE SECURITIES AND EXCHANGE ACT OF 1934, NOR SHALL IT BE DEEMED INCORPORATED BY REFERENCE INTO ANY REGISTRATION STATEMENT OR OTHER FILING PURSUANT TO THE SECURITIES ACT OF 1933, EXCEPT AS OTHERWISE EXPRESSLY STATED IN SUCH FILING.

 

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 21, 2023

SELECT ENERGY SERVICES, INC.

 

By: /s/ Nick Swyka

Nick Swyka

Senior Vice President and Chief Financial Officer

3

 EX-99 2 wttr-ex99_1.htm EX-99.1

Exhibit 99.1

SELECT ENERGY SERVICES ANNOUNCES CORPORATE REBRANDING INITIATIVE, MULTIPLE NEW ACQUISITIONS AND REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS AND OPERATIONAL UPDATES

Select Energy Services, Inc. intends to become Select Water Solutions, Inc., further aligning the brand with the Company's vision to be the recognized leader and trusted partner in sustainable water management solutions

Generated revenue of $1.4 billion for full year 2022 and $382 million during the fourth quarter of 2022, up 81% annually from 2021 and up 2% sequentially from the third quarter of 2022

Acquired strategic portfolio of Permian Basin water infrastructure, including water gathering, disposal, sourcing, storage and distribution assets from multiple parties

Acquired joint venture interests in certain strategic recycling facilities in the Permian Basin from minority partners

Announced significant new Delaware Basin recycling infrastructure project supported by multiple long-term contracts

HOUSTON, Feb. 21, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced its intent to rename itself Select Water Solutions, Inc. and its successful completion of multiple water infrastructure acquisitions in the Permian Basin, as well as its financial and operating results for the full year and quarter ended December 31, 2022.

John Schmitz, Chairman of the Board, President and CEO, stated "Over the last couple of years, Select has remained steadfastly focused on a strategy of building and bolstering the core water and chemicals businesses, advancing our technology, sustainability and diversification efforts, and executing on strategic M&A. In recent years, we have closed on a dozen strategic acquisitions, while simultaneously divesting non-core businesses and assets that were not strategic to our vision. During 2022, we grew our revenues by more than 300% relative to our pandemic lows and generated all-time-high levels of net income. We have accomplished this while simultaneously protecting the strength of our balance sheet, returning capital to shareholders and positioning Select for further growth.

"Through both organic development and acquisitions, we have put together one of the largest strategic water infrastructure footprints across the U.S. Through a series of bolt-on asset transactions completed in December 2022 and January 2023, we've further expanded this footprint in recent months, adding a portfolio of strategic pipeline, storage and disposal assets that have been quickly and readily integrated into the extensive recycling infrastructure network we acquired from the previously announced Breakwater acquisition.

"I'm also excited to further expand this footprint through a new commercial full lifecycle organic recycling development project in the Delaware Basin, backed by multiple long-term contracts. Additionally, we have continued to develop new and creative chemistry technologies that have grown our market share and helped lead the energy industry transition towards sustainable full lifecycle recycling and reuse solutions. During 2022, Select recycled 174 million barrels of produced water for reuse, or more than 7 billion gallons, with approximately two-thirds coming from fixed facilities and one-third coming from mobile operations. Select's recycling solutions significantly diminish the amount of freshwater demanded by the industry, currently reducing freshwater usage by an amount of water equivalent to that consumed by more than 240,000 Americans for personal consumption per day, according to the Department of the Interior's U.S. Geological Survey.

"At our core, Select is dedicated to our vision to be the recognized leader and trusted partner in sustainable water management solutions. 2022 represented a culmination of sorts for this strategy, as well as a new beginning. Select was initially built to service the energy industry, and I believe we have become a technology leader with uniquely integrated water and chemistry capabilities in the industry. We will remain steadfast in our dedication towards advancing new and sustainable solutions for our customers and other stakeholders that are responsible for producing the fuels needed to provide mobility, the energy needed to power our homes, and the refined products needed to engineer advanced materials and technologies. However, we strongly believe our expertise in sustainable water and chemical solutions has a diverse range of applications beyond the unconventional energy industry as well.

"Accordingly, I'm excited to announce our corporate rebranding initiative. During the first half of 2023, Select intends to become Select Water Solutions, Inc. and will retain our current stock ticker "WTTR" trading on the New York Stock Exchange. We expect the change to become effective shortly after the Company's annual meeting of shareholders. For now, our corporate and financial reporting structures will not change. This rebranding more efficiently aligns our employees and field operations, consolidating more than a dozen brands and DBAs currently operating nationwide, while also simplifying our external communications with our customers. Our organization has experienced tremendous growth in recent years and to better meet the needs of our customers in a rapidly changing market, we've strategically added new products, services, infrastructure and most importantly, talented and capable people. At the most fundamental level, our business is all about creating connections, whether it is about further uniting our teams around integrated water and chemistry, creating sustainable partnerships with our customers, integrating large infrastructure networks or being good stewards for the surrounding communities. This change prepares Select for the future as our business evolves and we assess additional diversification opportunities. Whether it's molecules or pipelines or people, we are all connected by water. I'm very excited about what the future holds for Select and look forward to further executing on this vision through additional profitability growth, shareholder returns and strategic execution throughout 2023 and beyond.

"While the fourth quarter was impacted by integration and weather challenges, ultimately I am very pleased with our overall financial performance over the course of 2022. Supported by our recent acquisitions, advanced chemical technologies, organic infrastructure growth opportunities and our other strategic investments, we expect to see meaningful revenue, EBITDA and net income growth in 2023. Subject to market conditions and the realization of certain projects, we expect to deploy between $90 and $130 million of net capex during 2023, with an objective of converting two-thirds of our EBITDA into free cash flow, supported by substantial working capital improvements. I look forward to building upon our 2022 results and significantly expanding our free cash flow generation during 2023. This will provide ample opportunities for incremental growth, while also allowing us to advance our support of committed capital returns for our shareholders," concluded Schmitz.

Full Year 2022 Consolidated Financial Information

Revenue for full year 2022 was $1.4 billion as compared to $765 million during full year 2021. Net income for full year 2022 was $54.9 million as compared to a net loss of $50.1 million during full year 2021.

For full year 2022, gross profit was $160.8 million, as compared to $20.9 million during full year 2021. Total gross margin was 11.6% during full year 2022 as compared to 2.7% during full year 2021. Gross margin before depreciation and amortization ("D&A") for full year 2022 was 19.8% as compared to 14.5% for full year 2021.

Selling, general and administrative expense ("SG&A") during full year 2022 was $118.9 million as compared to $83.1 million during full year 2021. SG&A during full year 2022 and 2021 was impacted by non-recurring transaction costs, primarily related to our recent acquisitions, of $8.7 million and $5.0 million, respectively.

Adjusted EBITDA was $194.8 million during full year 2022 as compared to $50.0 million during full year 2021. Adjusted EBITDA during 2022 was impacted by the deduction of $13.4 million of non-recurring bargain purchase price gains that benefited net income during the year related to the Company's recent acquisition activity. Additionally, Adjusted EBITDA during full year 2022 was impacted by $11.7 million of non-recurring transaction costs, $4.4 million of non-cash losses on asset sales and $2.3 million in other adjustments. Non-cash compensation expense accounted for an additional $15.6 million adjustment during full year 2022. Please refer to the end of this release for reconciliations of gross profit before D&A (non-GAAP measure) to gross profit and of Adjusted EBITDA (non-GAAP measure) to net income (loss).

Fourth Quarter 2022 Consolidated Financial Information

Revenue for the fourth quarter of 2022 was $381.7 million as compared to $375.1 million in the third quarter of 2022 and $255.1 million in the fourth quarter of 2021. Net income for the fourth quarter of 2022 was $7.6 million as compared to $24.7 million in the third quarter of 2022 and $11.2 million in the fourth quarter of 2021.

For the fourth quarter of 2022, gross profit was $41.6 million, as compared to $58.8 million in the third quarter of 2022 and $17.9 million in the fourth quarter of 2021. Total gross margin was 10.9% in the fourth quarter of 2022 as compared to 15.7% in the third quarter of 2022 and 7.0% in the fourth quarter of 2021. Gross margin before D&A for the fourth quarter of 2022 was 19.0% as compared to 22.8% for the third quarter of 2022 and 16.6% for the fourth quarter of 2021. Gross profit for the fourth quarter of 2022 was impacted by approximately $8 million of non-ordinary expenses, consisting of approximately $7 million related to insurance expense and actuarial reserve adjustments, including the impact of recently acquired operations and legacy obligations, and approximately $1 million of asset write-offs.

SG&A during the fourth quarter of 2022 was $34.1 million as compared to $29.8 million during the third quarter of 2022 and $25.2 million during the fourth quarter of 2021. SG&A during the fourth and third quarters of 2022 and the fourth quarter of 2021 was impacted by non-recurring transaction costs of $3.9 million, $0.7 million and $2.0 million, respectively.

Adjusted EBITDA was $52.2 million in the fourth quarter of 2022 as compared to $62.8 million in the third quarter of 2022 and $26.4 million in the fourth quarter of 2021. Adjusted EBITDA during the fourth quarter of 2022 was impacted by $4.2 million of non-recurring transaction costs, $1.3 million of non-cash losses on asset sales, a $0.4 million reduction in bargain purchase gain adjustment and $1.3 million in other adjustments. Non-cash compensation expense accounted for an additional $4.5 million adjustment during the fourth quarter of 2022. Please refer to the end of this release for reconciliations of gross profit before D&A (non-GAAP measure) to gross profit and of Adjusted EBITDA (non-GAAP measure) to net income (loss).

Business Segment Information

The Water Services segment generated revenues of $218.5 million in the fourth quarter of 2022 as compared to $221.2 million in the third quarter of 2022 and $140.7 million in the fourth quarter of 2021. Gross margin before D&A for Water Services was 18.5% in the fourth quarter of 2022 as compared to 22.8% in the third quarter of 2022 and 15.4% in the fourth quarter of 2021. Revenues for this segment were impacted by regional weather-related challenges during December and modest seasonal activity reductions by certain customers, offset partially by contributions from acquired Breakwater operations. Segment gross profit during the fourth quarter of 2022 was impacted by lower revenue and approximately $5.2 million of non-ordinary insurance expense and actuarial reserve adjustments. For the first quarter of 2023, the Company expects to see modestly increased revenue with gross margins before D&A improving by 200–300 basis points, as early January weather challenges are overcome by continuing operational efficiencies.

The Water Infrastructure segment generated revenues of $77.2 million in the fourth quarter of 2022 as compared to $74.4 million in the third quarter of 2022 and $46.9 million in the fourth quarter of 2021. Gross margin before D&A for Water Infrastructure was 22.4% in the fourth quarter of 2022 as compared to 27.2% in the third quarter of 2022 and 25.8% in the fourth quarter of 2021. Revenues improved 4% sequentially, with weather-related challenges delaying certain customer activities into the first quarter of 2023 and resulting in incremental weather-related and integration costs. Additionally, segment gross profit during the fourth quarter of 2022 was impacted by approximately $1.0 million of non-ordinary insurance expense and actuarial reserve adjustments. For the first quarter of 2023, the Company anticipates strong 20-25% revenue growth, with gross margins before D&A in the high-20 to 30 percent range, as full quarter contributions from our recent acquisitions complement our existing base business and organic project execution.

The Oilfield Chemicals segment generated revenues of $86.0 million in the fourth quarter of 2022 as compared to $79.4 million in the third quarter of 2022 and $67.5 million in the fourth quarter of 2021. Gross margin before D&A for Oilfield Chemicals was 17.4% in the fourth quarter of 2022 as compared to 18.8% in the third quarter of 2022 and 12.6% in the fourth quarter of 2021. We continue to see strong demand for our proprietary chemical technologies as well as advanced water treatment applications, with revenues outpacing expectations and margins holding relatively steady. For the first quarter of 2023, the Company anticipates relatively stable revenue and margins for the Oilfield Chemicals segment as the segment continues to perform at its recent all-time high-water mark levels.

Cash Flow and Capital Expenditures

Cash flow from operations for the fourth quarter of 2022 was $35.3 million as compared to $5.4 million in the third quarter of 2022 and ($2.4) million in the fourth quarter of 2021.

Net capital expenditures for the fourth quarter of 2022 were $11.2 million, comprised of $21.1 million of capital expenditures partially offset by $9.9 million of cash proceeds from asset sales, including the divestment of underutilized equipment and real estate from recently acquired businesses. Cash flow from operations less net capital expenditures was $24.2 million during the fourth quarter of 2022.

Cash flow used in investing activities during the fourth quarter of 2022 included $12.6 million of outflows for acquisitions and other equity investments. Cash flows from financing activities included $22.0 million of cash consideration to purchase certain joint venture minority interests, $16.0 million of net borrowings on our sustainability-linked credit facility, $6.0 million of dividends paid, $3.3 million to settle acquired debts, and $2.2 million of other net outflows.

Balance Sheet and Capital Structure

Total cash and cash equivalents were $7.3 million as of December 31, 2022 as compared to $13.2 million as of September 30, 2022. The Company had $16.0 million of borrowings outstanding under its sustainability-linked credit facility as of December 31, 2022 and no borrowings outstanding under its sustainability-linked credit facility or its prior credit facility as of September 30, 2022 and December 31, 2021, respectively.

As of December 31, 2022 and September 30, 2022, the borrowing base under the sustainability-linked credit facility was $245.0 million and $254.4 million, respectively. The Company had available borrowing capacity under its sustainability-linked credit facility as of December 31, 2022 and September 30, 2022, of approximately $206.1 million and $231.5 million, respectively, after giving effect to $22.9 million of outstanding letters of credit as of both December 31, 2022 and September 30, 2022.

Total liquidity was $213.4 million as of December 31, 2022, as compared to $244.7 million as of September 30, 2022. The Company had 101,096,360 weighted average shares of Class A common stock outstanding and 16,221,101 weighted average shares of Class B common stock outstanding during the fourth quarter of 2022.

Permian Basin Infrastructure Acquisitions

During December 2022 and January 2023, Select completed a series of transactions in the Midland Basin area of the Permian Basin for total consideration of approximately $44 million, including $36 million of cash consideration and approximately 900,000 shares of Select Class A common stock. During December 2022, Select closed on the acquisition of two joint venture interests in certain produced water recycling facilities in Howard County, Texas for cash and stock consideration. These acquisitions complete the buyout of all minority partner interests in certain recycling facilities that Select owned and operated following the acquisition of Breakwater, which previously closed in November 2022.

Additionally, Select acquired approximately 35 miles of gathering and distribution pipelines, 3.5 million barrels of water storage, approximately 120 brackish source water wells and 25,000 barrels per day of permitted disposal capacity. In conjunction with the acquisitions, Select initiated the construction of additional pipeline connections to interconnect the acquired assets to existing Select facilities. This will provide significant optionality long-term and expand the scope and reach of our operations across a broader acreage footprint in the core of the Midland Basin.

Delaware Basin Recycling Project

Select has entered into a 10-year agreement with a public independent operator in the Northern Delaware Basin, whereby Select will build a produced water recycling facility capable of recycling 100,000 barrels per day of produced water with 1.5 million barrels of treated produced water storage capacity. Select also plans to construct approximately 5 miles of large diameter pipeline to distribute treated produced water to pad sites throughout the operator's acreage footprint. The project is supported by a 10-year acreage dedication under which the operator has agreed to purchase from Select's recycling facility all recycled completions water required for its operations within the dedicated area. The dedication covers approximately 18,000 acres in the Northern Delaware Basin with an additional right-of-first-offer to construct produced water recycling and processing infrastructure on an additional approximately 10,000 acres in Lea County, New Mexico.

In conjunction with the recycling agreement, Select has also entered into a long term produced water takeaway agreement with a downstream and logistics company in the vicinity of the planned recycling facility. Select will connect via pipeline from the recycling facility to the downstream and logistics company's existing infrastructure to further supplement the operator's drilling and completion activities and associated water demand in the area. The total project cost is estimated between $10 – $11 million and the Company expects the recycling facility and associated infrastructure to be built and fully operational by year-end 2023.

Breakwater & Cypress Acquisitions

As previously announced, on November 1, 2022, Select completed the acquisition of Breakwater Energy Partners, LLC through a stock-for-stock transaction and the acquisition of a portfolio of water gathering pipeline and disposal assets in the Bakken Shale from Cypress Environmental Services, LLC. In connection with the closings, Select issued a total of approximately 10.1 million shares of Select Class A common stock and repaid or assumed approximately $12.6 million of outstanding indebtedness and other obligations, subject to customary post-closing adjustments.

Conference Call

Select has scheduled a conference call on Wednesday, February 22, 2023 at 11:00 a.m. Eastern time / 10:00 a.m. Central time. Please dial 201-389-0872 and ask for the Select Energy Services call at least 10 minutes prior to the start time of the call, or listen to the call live over the Internet by logging on to the website at the address https://investors.selectenergy.com/events-presentations/current. A telephonic replay of the conference call will be available through March 8, 2023, and may be accessed by calling 201-612-7415 using passcode 13736020#. A webcast archive will also be available at the link above shortly after the call and will be accessible for approximately 90 days.

About Select Energy Services, Inc.

Select is a leading provider of sustainable water and chemical solutions to the energy industry. These solutions are supported by the Company's critical water infrastructure assets, chemical manufacturing and water treatment and recycling capabilities. As a leader in sustainable water and chemical solutions, Select places the utmost importance on safe, environmentally responsible management of oilfield water throughout the lifecycle of a well. Additionally, Select believes that responsibly managing water resources throughout its operations to help conserve and protect the environment is paramount to the continued success of the Company. For more information, please visit Select's website, https://www.selectenergy.com/.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this communication other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. We have attempted to identify any forward-looking statements by using words such as "could," "believe," "anticipate," "expect," "intend," "project," "will," "estimate" and other similar expressions. Although we believe that the expectations reflected, and the assumptions or bases underlying our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause our actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include the risks that the benefits contemplated from our recent acquisitions may not be realized, the ability of Select to successfully integrate the acquired businesses' operations, including Breakwater's employees, and realize anticipated synergies and cost savings and the potential impact of the consummation of the acquisitions on relationships, including with employees, suppliers, customers, competitors and creditors. Factors that could materially impact such forward-looking statements include, but are not limited to: the global macroeconomic uncertainty related to the Russia-Ukraine war; actions by the members of OPEC+ with respect to oil production levels and announcements of potential changes in such levels, including the ability of the OPEC+ countries to agree on and comply with supply limitations; the severity and duration of world health events, including the COVID-19 pandemic, which had a negative impact on our business; the level of capital spending and access to capital markets by oil and gas companies, trends and volatility in oil and gas prices, and our ability to manage through such volatility; and other factors discussed or referenced in the "Risk Factors" section of our most recent Annual Report on Form 10-K and those set forth from time to time in our other filings with the SEC. Investors should not place undue reliance on our forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

WTTR-ER

SELECT ENERGY SERVICES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(in thousands, except share and per share data)



Three months ended

Twelve months ended


December 31, 2022

September 30, 2022

December 31, 2021

December 31, 2022

December 31, 2021

Revenue















Water Services

$

218,524

$

221,243

$

140,727

$

799,369

$

394,075

Water Infrastructure

77,178

74,396

46,873

270,412

154,789

Oilfield Chemicals

85,974

79,433

67,528

317,639

215,756

Total revenue

381,676

375,072

255,128

1,387,420

764,620

Costs of revenue















Water Services

178,146

170,845

118,994

644,097

346,730

Water Infrastructure

59,899

54,197

34,757

203,413

115,887

Oilfield Chemicals

70,978

64,519

59,012

265,648

191,115

Other

—

(1)

—

—

—

Depreciation and amortization

31,082

26,672

24,456

113,507

90,028

Total costs of revenue

340,105

316,232

237,219

1,226,665

743,760

Gross profit

41,571

58,840

17,909

160,755

20,860

Operating expenses















Selling, general and administrative

34,143

29,782

25,248

118,935

83,076

Depreciation and amortization

573

543

595

2,209

2,430

Lease abandonment costs

113

83

414

449

894

Total operating expenses

34,829

30,408

26,257

121,593

86,400

Income (loss) from operations

6,742

28,432

(8,348)

39,162

(65,540)

Other income (expense)















Gain (loss) on sales of property and equipment and divestitures, net

287

(479)

(147)

2,192

(2,068)

Interest expense, net

(870)

(616)

(457)

(2,700)

(1,711)

Foreign currency gain (loss), net

1

(6)

1

(8)

2

Bargain purchase gain

(416)

(3,273)

18,985

13,352

18,985

Other



2,449

1,153

1,629

4,726

673

Income (loss) before income tax (expense) benefit



8,193

25,211

11,663

56,724

(49,659)

Income tax expense

(285)

(276)

(358)

(957)

(147)

Equity in losses of unconsolidated entities

(337)

(218)

(150)

(913)

(279)

Net income (loss)

7,571

24,717

11,155

54,854

(50,085)

Less: net (income) loss attributable to noncontrolling interests

78

(3,393)

(1,662)

(6,576)

7,860

Net income (loss) attributable to Select Energy Services, Inc.

$

7,649

$

21,324

$

9,493

$

48,278

$

(42,225)

















Net income (loss) per share attributable to common stockholders:















Class A—Basic

$

0.08

$

0.23

$

0.11

$

0.51

$

(0.48)

Class B—Basic

$

—

$

—

$

—

$

—

$

—

















Net income (loss) per share attributable to common stockholders:















Class A—Diluted

$

0.07

$

0.22

$

0.10

$

0.50

$

(0.48)

Class B—Diluted

$

—

$

—

$

—

$

—

$

—

SELECT ENERGY SERVICES, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)



As of December 31, 


2022

2021

Assets





Current assets





Cash and cash equivalents

$

7,322

$

85,801

Accounts receivable trade, net of allowance for credit losses of $4,918 and $4,401, respectively

429,983

232,824

Accounts receivable, related parties

5,087

219

Inventories

41,164

44,456

Prepaid expenses and other current assets



34,380

31,486

Total current assets

517,936

394,786

Property and equipment

1,084,005

943,515

Accumulated depreciation

(584,451)

(551,727)

Total property and equipment, net

499,554

391,788

Right-of-use assets, net

47,662

47,732

Other intangible assets, net

138,800

108,472

Other long-term assets, net

18,901

7,414

Total assets

$

1,222,853

$

950,192

Liabilities and Equity





Current liabilities





Accounts payable

$

61,539

$

36,049

Accrued accounts payable

67,462

52,051

Accounts payable and accrued expenses, related parties

3,305

1,939

Accrued salaries and benefits

28,686

22,233

Accrued insurance

26,180

13,408

Sales tax payable

3,056

2,706

Accrued expenses and other current liabilities

23,292

19,544

Current operating lease liabilities

17,751

13,997

Current portion of finance lease obligations

19

113

Total current liabilities

231,290

162,040

Long-term operating lease liabilities

46,388

53,198

Long-term debt

16,000

—

Other long-term liabilities

45,447

39,780

Total liabilities

339,125

255,018

Commitments and contingencies





Class A common stock, $0.01 par value; 350,000,000 shares authorized and 109,389,528 shares issued and outstanding as of December 31, 2022; 350,000,000 shares authorized and 94,172,920 shares issued and outstanding as of December 31, 2021

1,094

942

Class A-2 common stock, $0.01 par value; 40,000,000 shares authorized; no shares issued or outstanding as of December 31, 2022 and December 31, 2021

—

—

Class B common stock, $0.01 par value; 150,000,000 shares authorized and 16,221,101 shares issued and outstanding as of December 31, 2022 and December 31, 2021

162

162

Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2022 and December 31, 2021

—

—

Additional paid-in capital

1,075,915

950,464

Accumulated deficit



(311,194)

(359,472)

Total stockholders' equity

765,977

592,096

Noncontrolling interests

117,751

103,078

Total equity

883,728

695,174

Total liabilities and equity

$

1,222,853

$

950,192

SELECT ENERGY SERVICES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(in thousands)



Three months ended

Twelve months ended



December 31, 2022

September 30, 2022

December 31, 2021

December 31, 2022

December 31, 2021

Cash flows from operating activities














Net income (loss)


$

7,571

$

24,717

$

11,155

$

54,854

$

(50,085)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities














Depreciation and amortization

31,655

27,215

25,051

115,716

92,458

(Gain) loss on disposal of property and equipment and divestitures

(287)

479

147

(2,192)

2,068

Equity in losses of unconsolidated entities

337

218

150

913

279

Bad debt (recovery) expense

(68)

828

512

2,023

(139)

Amortization of debt issuance costs

122

122

172

661

688

Inventory adjustments

(125)

(801)

100

(737)

239

Equity-based compensation

4,547

3,804

3,221

15,570

9,469

Bargain purchase gain

416

3,273

(18,985)

(13,352)

(18,985)

Unrealized (gain) loss on short-term investment

—

(40)

638

—

2,044

Other operating items, net

(1,279)

(232)

(1,486)

(1,989)

(1,795)

Changes in operating assets and liabilities














Accounts receivable

(20,789)

(51,815)

(47,618)

(162,257)

(80,127)

Prepaid expenses and other assets

1,464

(5,820)

(4,824)

1,264

(15,108)

Accounts payable and accrued liabilities

11,774

3,413

29,415

22,757

42,746

Net cash provided by (used in) operating activities

35,338

5,361

(2,352)

33,231

(16,248)

Cash flows from investing activities














Proceeds from sale of securities

—

—

730

—

730

Purchase of property and equipment

(21,069)

(19,839)

(10,069)

(71,884)

(39,994)

Investment in note receivable

—

—

—

—

(1,101)

Purchase of equity method investments

(900)

(2,500)

—

(7,667)

(2,200)

Collection of note receivable

—

—

167

184

167

Distribution from cost method investment

—

—

60

60

180

Acquisitions and divestitures

(11,671)

984

(16,096)

(5,259)

(34,740)

Proceeds received from sales of property and equipment

9,887

3,750

6,011

31,320

12,502

Net cash used in investing activities

(23,753)

(17,605)

(19,197)

(53,246)

(64,456)

Cash flows from financing activities














Borrowings from revolving line of credit

61,000

52,000

—

143,000

—

Payments on revolving line of credit

(45,000)

(52,000)

—

(127,000)

—

Payments on long-term debt

(3,295)

—

—

(22,075)

—

Payments of finance lease obligations

(4)

(5)

(82)

(112)

(320)

Payment of debt issuance costs

—

—

—

(2,144)

—

Dividends paid

(6,020)

—

—

(6,020)

—

Proceeds from share issuance

18

10

15

53

58

Purchase of noncontrolling interests

(22,000)

—

—

(22,000)

—

Distributions to noncontrolling interests

(1,943)

—

—

(1,943)

(1,074)

Repurchase of common stock

(243)

(272)

—

(20,210)

(1,206)

Net cash used in financing activities

(17,487)

(267)

(67)

(58,451)

(2,542)

Effect of exchange rate changes on cash

2

(9)

4

(13)

8

Net decrease in cash and cash equivalents



(5,900)

(12,520)

(21,612)

(78,479)

(83,238)

Cash and cash equivalents, beginning of period

13,222

25,742

107,413

85,801

169,039

Cash and cash equivalents, end of period

$

7,322

$

13,222

$

85,801

$

7,322

$

85,801

Comparison of Non-GAAP Financial Measures

EBITDA, Adjusted EBITDA, gross profit before depreciation and amortization (D&A) and gross margin before D&A are not financial measures presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). We define EBITDA as net income (loss), plus interest expense, income taxes and depreciation and amortization. We define Adjusted EBITDA as EBITDA plus/(minus) loss/(income) from discontinued operations, plus any impairment charges or asset write-offs pursuant to GAAP, plus non-cash losses on the sale of assets or subsidiaries, non-recurring compensation expense, non-cash compensation expense, and non-recurring or unusual expenses or charges, including severance expenses, transaction costs, or facilities-related exit and disposal-related expenditures, plus/(minus) foreign currency losses/(gains) and plus/(minus) losses/(gains) on unconsolidated entities less bargain purchase gains from business combinations. We define gross profit before D&A as revenue less cost of revenue, excluding cost of sales D&A expense. We define gross margin before D&A as gross profit before D&A divided by revenue. EBITDA, Adjusted EBITDA, gross profit before D&A and gross margin before D&A are supplemental non-GAAP financial measures that we believe provide useful information to external users of our financial statements, such as industry analysts, investors, lenders and rating agencies because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and non-recurring items outside the control of our management team. We present EBITDA, Adjusted EBITDA, gross profit before D&A and gross margin before D&A because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP.

Net income (loss) is the GAAP measure most directly comparable to EBITDA and Adjusted EBITDA. Gross profit is the GAAP measure most directly comparable to gross profit before D&A. Our non-GAAP financial measures should not be considered as alternatives to the most directly comparable GAAP financial measure. Each of these non-GAAP financial measures has important limitations as an analytical tool due to exclusion of some but not all items that affect the most directly comparable GAAP financial measures. You should not consider EBITDA, Adjusted EBITDA or gross profit before D&A in isolation or as substitutes for an analysis of our results as reported under GAAP. Because EBITDA, Adjusted EBITDA and gross profit before D&A may be defined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.

The following table presents a reconciliation of EBITDA and Adjusted EBITDA to our net income (loss), which is the most directly comparable GAAP measure for the periods presented:


















Three months ended,

Year Ended December 31,




December 31, 2022

September 30, 2022

December 31, 2021

2022

2021



(unaudited)

(unaudited)



(in thousands)

(in thousands)

Net income (loss)

$

7,571

$

24,717

$

11,155

$

54,854

$

(50,085)

Interest expense, net


870

616

457

2,700

1,711

Income tax expense


285

276

358

957

147

Depreciation and amortization


31,655

27,215

25,051

115,716

92,458

EBITDA


40,381

52,824

37,021

174,227

44,231

Bargain purchase gain


416

3,273

(18,985)

(13,352)

(18,985)

Non-cash loss on sale of assets or subsidiaries


1,259

1,608

1,560

4,400

4,596

Non-recurring severance expenses


—

—

—

—

3,225

Non-cash compensation expenses


4,547

3,804

3,221

15,570

9,469

Non-recurring transaction costs


4,211

965

2,386

11,672

5,656

Lease abandonment costs


113

83

414

449

894

Non-recurring change in vacation policy


918

—

—

918

—

Other non-recurring charges


—

—

608

—

608

Equity in losses of unconsolidated entities


337

218

150

913

279

Foreign currency (gain) loss, net


(1)

6

(1)

8

(2)

Adjusted EBITDA

$

52,181

$

62,781

$

26,374

$

194,805

$

49,971

The following table presents a reconciliation of gross profit before D&A to total gross profit (loss), which is the most directly comparable GAAP measure, and a calculation of gross margin before D&A for the periods presented:
















Three months ended,

Year Ended December 31


December 31, 2022

September 30, 2022

December 31, 2021

2022

2021


(unaudited)

(unaudited)


(in thousands)

(in thousands)

Gross profit (loss) by segment














Water services

$

20,479

$

33,471

$

7,047

$

87,516

$

(6,432)

Water infrastructure

7,892

12,728

4,720

30,272

11,945

Oilfield chemicals

13,200

12,640

6,142

42,967

15,347

Other

—

1

—

—

—

As reported gross profit

41,571

58,840

17,909

160,755

20,860
















Plus depreciation and amortization














Water services

19,899

16,927

14,686

67,756

53,777

Water infrastructure

9,387

7,471

7,396

36,727

26,957

Oilfield chemicals

1,796

2,274

2,374

9,024

9,294

Total depreciation and amortization

31,082

26,672

24,456

113,507

90,028
















Gross profit before D&A

$

72,653

$

85,512

$

42,365

$

274,262

$

110,888
















Gross profit before D&A by segment














Water services

40,378

50,398

21,733

155,272

47,345

Water infrastructure

17,279

20,199

12,116

66,999

38,902

Oilfield chemicals

14,996

14,914

8,516

51,991

24,641

Other

—

1

—

—

—

Total gross profit before D&A

$

72,653

$

85,512

$

42,365

$

274,262

$

110,888
















Gross margin before D&A by segment














Water services

18.5 %

22.8 %

15.4 %

19.4 %

12.0 %

Water infrastructure

22.4 %

27.2 %

25.8 %

24.8 %

25.1 %

Oilfield chemicals

17.4 %

18.8 %

12.6 %

16.4 %

11.4 %

Other

n/a



n/a



n/a



n/a



n/a

Total gross margin before D&A

19.0 %

22.8 %

16.6 %

19.8 %

14.5 %

Contacts:               

Select Energy Services

Chris George – Senior Vice President, Corporate


Development, Investor Relations & Sustainability

(713) 296-1073

IR@selectenergyservices.com



Dennard Lascar Investor Relations

Ken Dennard

(713) 529-6600

WTTR@dennardlascar.com


EX-101.SCH 3 wttr-20230221.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 100000 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.PRE 4 wttr-20230221_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.LAB 5 wttr-20230221_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Entity Address, City or Town Soliciting Material Entity Ex Transition Period Amendment Flag Extension Document Quarterly Report Entity Incorporation, State or Country Code Annual Information Form Entity Small Business Document Shell Company Event Date City Area Code Document Period End Date Entity Address, Postal Zip Code Document Fiscal Period Focus Security Reporting Obligation Securities Act File Number Current Fiscal Year End Date Document Accounting Standard Entity Address, Address Line One Document Annual Report Document Period Start Date Entity Filer Category Entity Current Reporting Status Documents Incorporated by Reference [Text Block] Entity Tax Identification Number Entity Emerging Growth Company Entity Voluntary Filers Document Transition Report Amendment Description Country Region Entity Common Stock, Shares Outstanding Entity Registrant Name Pre-commencement Tender Offer Title of 12(b) Security Entity Address, State or Province Document Type Audited Annual Financial Statements Entity Shell Company Written Communications Security Exchange Name Document Registration Statement Entity Address, Country Entity Address, Address Line Two Entity Central Index Key Entity Bankruptcy Proceedings, Reporting Current Entity Primary SIC Number Entity Interactive Data Current Entity Public Float Local Phone Number Other Reporting Standard Item Number Pre-commencement Issuer Tender Offer Document Shell Company Report Document Fiscal Year Focus Title of 12(g) Security Cover [Abstract] Entity Address, Address Line Three No Trading Symbol Flag Trading Symbol Entity Well-known Seasoned Issuer XML 6 R1.htm IDEA: XBRL DOCUMENT v3.22.4
Cover
Feb. 21, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 21, 2023
Securities Act File Number 001-38066
Entity Registrant Name SELECT ENERGY SERVICES, INC.
Entity Central Index Key 0001693256
Entity Tax Identification Number 81-4561945
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1233 West Loop South
Entity Address, Address Line Two Suite 1400
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77027
City Area Code 713
Local Phone Number 235-9500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, $0.01 par value
Trading Symbol WTTR
Security Exchange Name NYSE
Entity Emerging Growth Company false
XML 7 wttr-20230221_htm.xml IDEA: XBRL DOCUMENT 0001693256 2023-02-21 2023-02-21 false 0001693256 8-K 2023-02-21 SELECT ENERGY SERVICES, INC. DE 001-38066 81-4561945 1233 West Loop South Suite 1400 Houston TX 77027 713 235-9500 false false false false Class A common stock, $0.01 par value WTTR NYSE false EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.4 html 1 23 1 false 0 0 false 0 false false R1.htm 100000 - Document - Cover Sheet http://selectenergyservices.com/20230221/taxonomy/role/Cover Cover Cover 1 false false All Reports Book All Reports wttr-20230221.htm wttr-20230221.xsd wttr-20230221_lab.xml wttr-20230221_pre.xml wttr-ex99_1.htm http://xbrl.sec.gov/dei/2022 true false JSON 13 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "wttr-20230221.htm": { "axisCustom": 0, "axisStandard": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2022": 23 }, "contextCount": 1, "dts": { "inline": { "local": [ "wttr-20230221.htm" ] }, "labelLink": { "local": [ "wttr-20230221_lab.xml" ] }, "presentationLink": { "local": [ "wttr-20230221_pre.xml" ] }, "schema": { "local": [ "wttr-20230221.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-roles-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-roles-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd", "https://xbrl.sec.gov/country/2022/country-2022.xsd", "https://xbrl.sec.gov/dei/2022/dei-2022.xsd" ] } }, "elementCount": 59, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2022": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 23, "memberCustom": 0, "memberStandard": 0, "nsprefix": "wttr", "nsuri": "http://selectenergyservices.com/20230221", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "p", "body", "html" ], "baseRef": "wttr-20230221.htm", "contextRef": "C_d3bb2de9-fb9d-4653-a083-03334d2188b9", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Cover", "menuCat": "Cover", "order": "1", "role": "http://selectenergyservices.com/20230221/taxonomy/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "p", "body", "html" ], "baseRef": "wttr-20230221.htm", "contextRef": "C_d3bb2de9-fb9d-4653-a083-03334d2188b9", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2022", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r11", "r13", "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r15" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r19" ], "lang": { "en-us": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Entity Ex Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Securities Act File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [ "r17" ], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "trueItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r7" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r9" ], "lang": { "en-us": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r10" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r18" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://selectenergyservices.com/20230221/taxonomy/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r10": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r11": { "Name": "Form 10-K", "Number": "249", "Publisher": "SEC", "Section": "310", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r12": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r13": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r14": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r15": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r16": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r17": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "405", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r18": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r19": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r6": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r7": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r8": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r9": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d", "role": "http://www.xbrl.org/2003/role/presentationRef" } }, "version": "2.2" } ZIP 14 0000950170-23-003465-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000950170-23-003465-xbrl.zip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end