Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

The following table represents selected financial information for the periods presented regarding the Company's business segments on a stand-alone basis and the consolidation and elimination entries necessary to arrive at the financial information for the Company on a consolidated basis.


	Three Months Ended June 30, 2022
	Development & Production		Well Servicing and Abandonment		Corporate/Eliminations		Consolidated Company
	(in thousands)
Revenues - excluding hedges	$	247,610	$	46,178	$	—	$	293,788
Net income (loss)	$	68,885	$	3,307	$	(28,838)	$	43,354
Adjusted EBITDA	$	116,942	$	6,200	$	(13,395)	$	109,747
Capital expenditures	$	32,134	$	1,066	$	886	$	34,086
Total assets	$	1,456,164	$	71,543	$	2,678	$	1,530,385


	Six Months Ended June 30, 2022
	Development & Production		Well Servicing and Abandonment		Corporate/Eliminations		Consolidated Company
	(in thousands)
Revenues - excluding hedges	$	463,714	$	86,014	$	—	$	549,728
Net income (loss)	$	34,594	$	3,023	$	(51,073)	$	(13,456)
Adjusted EBITDA	$	222,591	$	9,500	$	(26,632)	$	205,459
Capital expenditures	$	58,571	$	1,694	$	1,441	$	61,706
Total assets	$	1,456,164	$	71,543	$	2,678	$	1,530,385

Adjusted EBITDA Reconciliation


	Three Months Ended June 30, 2022
	Development & Production		Well Servicing and Abandonment		Corporate/Eliminations		Consolidated Company
	(in thousands)
Adjusted EBITDA reconciliation to net income (loss):
Net income (loss)	$	68,885	$	3,307	$	(28,838)	$	43,354
Add (Subtract):
Interest expense	—		—		7,729		7,729
Income tax expense	—		—		2,145		2,145
Depreciation, depletion, and amortization	33,956		3,017		1,082		38,055


Losses on derivatives	51,319		—		—		51,319
Net cash paid for scheduled derivative settlements	(37,628)		—		—		(37,628)
Other operating expenses (income)	30		(210)		533		353

Stock compensation expense	380		86		3,954		4,420


Adjusted EBITDA	$	116,942	$	6,200	$	(13,395)	$	109,747


	Six Months Ended June 30, 2022
	Development & Production		Well Servicing and Abandonment		Corporate/Eliminations		Consolidated Company
	(in thousands)
Adjusted EBITDA reconciliation to net income (loss):
Net income (loss)	$	34,594	$	3,023	$	(51,073)	$	(13,456)
Add (Subtract):
Interest expense	—		—		15,404		15,404
Income tax benefit	—		—		(1,206)		(1,206)
Depreciation, depletion, and amortization	69,430		6,196		2,206		77,832


Losses on derivatives	184,123		—		—		184,123
Net cash paid for scheduled derivative settlements	(69,780)		—		—		(69,780)
Other operating expenses (income)	3,525		(36)		633		4,122

Stock compensation expense	699		119		7,404		8,222
Non-recurring costs	—		198		—		198

Adjusted EBITDA	$	222,591	$	9,500	$	(26,632)	$	205,459