DISCLOSURE ABOUT SEGMENTS AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information, by Segment


Year ended December 31, 2022	Upstream		Midstream		Marketing & Trading		Corporate		Consolidated
Revenues from external customers (1)	$	15,993	$	—	$	375,933	$	—	$	391,926
Intersegment revenues (purchases) (2) (3)	254,984		(1,760)		(241,229)		(11,995)		—
Segment operating income (loss) (4)	130,663		(80,626)		(31,192)		(36,618)		(17,773)
Interest expense, net	—		(1,751)		(454)		(11,655)		(13,860)
Gain on extinguishment of debt, net	—		—		—		—		—
Other income (loss), net	3,770		—		(22,912)		964		(18,177)
Consolidated loss before tax									$	(49,810)


Year ended December 31, 2021	Upstream		Midstream		Marketing & Trading		Corporate		Consolidated
Revenues from external customers (1)	$	2,317	$	—	$	68,958	$	—	$	71,275
Intersegment revenues (purchases) (2) (3)	49,182		—		(44,755)		(4,427)		—
Segment operating loss (4)	(5,651)		(42,040)		(22,889)		(42,153)		(112,733)
Interest expense, net	(1,642)		(4,722)		—		(3,014)		(9,378)
Gain on extinguishment of debt, net	(665)		2,087		—		—		1,422
Other (loss) income , net	(1,284)		(2,494)		9,460		269		5,951
Consolidated loss before tax									$	(114,738)


Year ended December 31, 2020	Upstream		Midstream		Marketing & Trading		Corporate		Consolidated
Revenues from external customers (1)	$	2,358	$	—	$	35,076	$	—	$	37,434
Intersegment revenues (purchases) (2)	28,083		—		(28,083)		—		—
Segment operating loss (4)	(100,788)		(15,027)		(13,886)		(36,938)		(166,639)
Interest expense, net	(6,215)		(14,424)		—		(22,806)		(43,445)
Other income (loss), net	2,452		195		(408)		(2,851)		(612)
Consolidated loss before tax									$	(210,696)

(1) The Marketing & Trading segment markets to third party-purchasers most of the Company's natural gas production from the Upstream segment.

(2) The Marketing & Trading segment purchases most of the Company’s natural gas production from the Upstream segment. Intersegment revenues are eliminated at consolidation.

(3) Intersegment revenues related to the Marketing & Trading segment are a result of cost allocations to the Corporate component using a cost plus transfer pricing methodology. Intersegment revenues are eliminated at consolidation.

(4) Operating profit (loss) is defined as operating revenues less operating costs and allocated corporate costs.


	Year Ended December 31,
Capital expenditures	2022		2021		2020
Upstream	$	347,240	$	32,364	$	1,307
Midstream	199,283		25,501		—
Marketing & Trading	675		—		—
Total capital expenditures for reportable segments	547,198		57,865		1,307
Corporate capital expenditures	5,690		—		—
Consolidated capital expenditures	$	552,888	$	57,865	$	1,307