DISCLOSURE ABOUT SEGMENTS AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Segment Reporting Information, by Segment


Year ended December 31, 2023	Upstream		Midstream		Marketing & Trading		Corporate		Consolidated
Revenues from external customers (1)	$	18,047	$	—	$	148,081	$	—	$	166,128
Intersegment revenues (purchases) (2) (3)	148,081		(7,969)		(135,781)		(4,331)		—
Segment operating income (loss) (4)	(55,501)		(55,289)		(7,306)		(30,566)		(148,662)
Interest expense, net	1,506		(1,007)		6		(18,552)		(18,047)
Loss on extinguishment of debt, net	—		—		—		(32,295)		(32,295)
Other income (loss), net	1,193		—		12,783		18,850		32,827
Consolidated loss before tax									$	(166,177)


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)

(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 related to the Corporate component are associated with intercompany interest charged to the Midstream segment. 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	2023		2022		2021
Upstream	$	112,992	$	347,240	$	32,364
Midstream	200,127		199,283		25,501
Marketing & Trading	490		675		—
Total capital expenditures for reportable segments	313,609		547,198		57,865
Corporate capital expenditures	3,896		5,690		—
Consolidated capital expenditures	$	317,505	$	552,888	$	57,865