Industry Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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


	Three Months Ended September 30, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	78,045	$	—	$	—	$	—	$	—	$	78,045
Contract drilling	—		38,626		—		—		(1,030)		37,596
Gas gathering and processing	—		—		48,585		—		(8,787)		39,798
Total revenues	78,045		38,626		48,585		—		(9,817)		155,439
Expenses:
Operating costs:
Oil and natural gas	36,621		—		—		—		(1,257)		35,364
Contract drilling	—		29,913		—		—		(1,117)		28,796
Gas gathering and processing	—		—		36,023		—		(7,530)		28,493
Total operating costs	36,621		29,913		36,023		—		(9,904)		92,653
Depreciation, depletion, and amortization	43,587		12,845		11,847		1,935		—		70,214
Impairments	169,806		62,809		2,265		—		—		234,880
Total expenses	250,014		105,567		50,135		1,935		(9,904)		397,747
General and administrative	—		—		—		10,094		—		10,094
(Gain) loss on disposition of assets	(28)		288		(28)		(1)		—		231
Income (loss) from operations	(171,941)		(67,229)		(1,522)		(12,028)		87		(252,633)
Gain on derivatives	—		—		—		4,237		—		4,237
Interest, net	—		—		(448)		(9,086)		—		(9,534)
Other	—		(627)		—		5		—		(622)
Income (loss) before income taxes	$	(171,941)	$	(67,856)	$	(1,970)	$	(16,872)	$	87	$	(258,552)

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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 September 30, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	111,623	$	—	$	—	$	—	$	—	$	111,623
Contract drilling	—		58,012		—		—		(7,400)		50,612
Gas gathering and processing	—		—		82,882		—		(25,059)		57,823
Total revenues	111,623		58,012		82,882		—		(32,459)		220,058
Expenses:
Operating costs:
Oil and natural gas	33,400		—		—		—		(1,261)		32,139
Contract drilling	—		38,246		—		—		(6,214)		32,032
Gas gathering and processing	—		—		66,932		—		(23,798)		43,134
Total operating costs	33,400		38,246		66,932		—		(31,273)		107,305
Depreciation, depletion, and amortization	35,460		14,889		11,265		1,923		—		63,537
Total expenses	68,860		53,135		78,197		1,923		(31,273)		170,842
General and administrative	—		—		—		9,278		—		9,278
Gain on disposition of assets	(7)		(230)		(16)		—		—		(253)
Income (loss) from operations	42,770		5,107		4,701		(11,201)		(1,186)		40,191
Loss on derivatives	—		—		—		(4,385)		—		(4,385)
Interest, net	—		—		(381)		(7,564)		—		(7,945)
Other	—		—		—		6		—		6
Income (loss) before income taxes	$	42,770	$	5,107	$	4,320	$	(23,144)	(1,186)		$	27,867

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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.


	Nine Months Ended September 30, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	241,955	$	—	$	—	$	—	$	—	$	241,955
Contract drilling	—		147,598		—		—		(15,810)		131,788
Gas gathering and processing	—		—		173,724		—		(37,191)		136,533
Total revenues	241,955		147,598		173,724		—		(53,001)		510,276
Expenses:
Operating costs:
Oil and natural gas	108,148		—		—		—		(3,828)		104,320
Contract drilling	—		103,688		—		—		(14,183)		89,505
Gas gathering and processing	—		—		133,702		—		(33,363)		100,339
Total operating costs	108,148		103,688		133,702		—		(51,374)		294,164
Depreciation, depletion, and amortization	118,105		39,048		35,675		5,804		—		198,632
Impairments	169,806		62,809		2,265		—		—		234,880
Total expenses	396,059		205,545		171,642		5,804		(51,374)		727,676
General and administrative	—		—		—		29,899		—		29,899
(Gain) loss on disposition of assets	(166)		1,737		(136)		(11)		—		1,424
Income (loss) from operations	(153,938)		(59,684)		2,218		(35,692)		(1,627)		(248,723)
Gain on derivatives	—		—		—		5,232		—		5,232
Interest, net	—		—		(1,129)		(25,938)		—		(27,067)
Other	—		(627)		—		16		—		(611)
Income (loss) before income taxes	$	(153,938)	$	(60,311)	$	1,089	$	(56,382)	$	(1,627)	$	(271,169)

_______________________ ____________________

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.


	Nine Months Ended September 30, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	317,040	$	—	$	—	$	—	$	—	$	317,040
Contract drilling	—		161,489		—		—		(17,962)		143,527
Gas gathering and processing	—		—		232,938		—		(65,012)		167,926
Total revenues	317,040		161,489		232,938		—		(82,974)		628,493
Expenses:
Operating costs:
Oil and natural gas	104,234		—		—		—		(3,715)		100,519
Contract drilling	—		111,121		—		—		(15,528)		95,593
Gas gathering and processing	—		—		185,738		—		(61,297)		124,441
Total operating costs	104,234		111,121		185,738		—		(80,540)		320,553
Depreciation, depletion, and amortization	97,797		41,927		33,493		5,759		—		178,976
Total expenses	202,031		153,048		219,231		5,759		(80,540)		499,529
General and administrative	—		—		—		28,752		—		28,752
Gain on disposition of assets	(136)		(314)		(95)		(30)		—		(575)
Income (loss) from operations	115,145		8,755		13,802		(34,481)		(2,434)		100,787
Loss on derivatives	—		—		—		(25,608)		—		(25,608)
Interest, net	—		—		(834)		(24,844)		—		(25,678)
Other	—		—		—		17		—		17
Income (loss) before income taxes	$	115,145	$	8,755	$	12,968	(84,916)		$	(2,434)	$	49,518

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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.