Industry Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

The following tables provide certain information about the operations of each of our segments:


	Three Months Ended March 31, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	86,095	$	—	$	—	$	—	$	—	$	86,095
Contract drilling	—		58,199		—		—		(7,044)		51,155
Gas gathering and processing	—		—		70,509		—		(18,068)		52,441
Total revenues	86,095		58,199		70,509		—		(25,112)		189,691
Expenses:
Operating costs:
Oil and natural gas	34,008		—		—		—		(1,294)		32,714
Contract drilling	—		37,385		—		—		(5,984)		31,401
Gas gathering and processing	—		—		56,129		—		(16,774)		39,355
Total operating costs	34,008		37,385		56,129		—		(24,052)		103,470
Depreciation, depletion, and amortization	35,767		12,699		11,726		1,934		—		62,126
Total expenses	69,775		50,084		67,855		1,934		(24,052)		165,596
General and administrative	—		—		—		9,741		—		9,741
(Gain) loss on disposition of assets	(79)		1,746		(42)		(10)		—		1,615
Income (loss) from operations	16,399		6,369		2,696		(11,665)		(1,060)		12,739
Loss on derivatives	—		—		—		(6,932)		—		(6,932)
Interest, net	—		—		(336)		(8,202)		—		(8,538)
Other	—		—		—		5		—		5
Income (loss) before income taxes	$	16,399	$	6,369	$	2,360	$	(26,794)	$	(1,060)	$	(2,726)

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1.The revenues for oil and natural gas occur at a point in time. The revenues for contract drilling and gas gathering and processing occur over time.


	Three Months Ended March 31, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	103,099	$	—	$	—	$	—	$	—	$	103,099
Contract drilling	—		50,710		—		—		(4,721)		45,989
Gas gathering and processing	—		—		74,650		—		(18,606)		56,044
Total revenues	103,099		50,710		74,650		—		(23,327)		205,132
Expenses:
Operating costs:
Oil and natural gas	37,152		—		—		—		(1,190)		35,962
Contract drilling	—		35,954		—		—		(4,287)		31,667
Gas gathering and processing	—		—		59,020		—		(17,416)		41,604
Total operating costs	37,152		35,954		59,020		—		(22,893)		109,233
Depreciation, depletion, and amortization	30,783		13,312		11,053		1,918		—		57,066
Total expenses	67,935		49,266		70,073		1,918		(22,893)		166,299
General and administrative expense	—		—		—		10,762		—		10,762
Gain on disposition of assets	(71)		(26)		(34)		(30)		—		(161)
Income (loss) from operations	35,235		1,470		4,611		(12,650)		(434)		28,232
Loss on derivatives	—		—		—		(6,762)		—		(6,762)
Interest, net	—		—		(149)		(9,855)		—		(10,004)
Other	—		—		—		6		—		6
Income (loss) before income taxes	$	35,235	$	1,470	$	4,462	$	(29,261)	$	(434)	$	11,472

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1.The revenues for oil and natural gas occur at a point in time. The revenues for contract drilling and gas gathering and processing occur over time.