Industry Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

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


	Successor
	Three Months Ended March 31, 2021
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	55,025	$	—	$	—	$	—	$	(1)	$	55,024
Contract drilling	—		15,674		—		—		—		15,674
Gas gathering and processing	—		—		59,610		—		(9,411)		50,199
Total revenues	55,025		15,674		59,610		—		(9,412)		120,897
Expenses:
Operating costs:
Oil and natural gas	19,993		—		—		—		(844)		19,149
Contract drilling	—		11,871		—		—		—		11,871
Gas gathering and processing	—		—		49,111		—		(8,568)		40,543
Total operating costs	19,993		11,871		49,111		—		(9,412)		71,563
Depreciation, depletion, and amortization	7,655		1,575		8,032		249		—		17,511
Total expenses	27,648		13,446		57,143		249		(9,412)		89,074
General and administrative	—		—		—		6,289		—		6,289
(Gain) loss on disposition of assets	(19)		(529)		75		1		—		(472)
Income (loss) from operations	27,396		2,757		2,392		(6,539)		—		26,006
Loss on derivatives	—		—		—		(22,831)		—		(22,831)
Interest, net	—		—		(1,057)		(1,649)		—		(2,706)
Reorganization items, net	—		—		—		(1,136)		—		(1,136)
Other	57		5		12		2		—		76
Income (loss) before income taxes	$	27,453	$	2,762	$	1,347	$	(32,153)	$	—	$	(591)

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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.


	Predecessor
	Three Months Ended March 31, 2020
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	48,524	$	—	$	—	$	—	$	(2)	$	48,522
Contract drilling	—		36,632		—		—		—		36,632
Gas gathering and processing	—		—		42,680		—		(5,458)		37,222
Total revenues	48,524		36,632		42,680		—		(5,460)		122,376
Expenses:
Operating costs:
Oil and natural gas	31,415		—		—		—		(752)		30,663
Contract drilling	—		25,449		—		—		—		25,449
Gas gathering and processing	—		—		32,319		—		(4,708)		27,611
Total operating costs	31,415		25,449		32,319		—		(5,460)		83,723
Depreciation, depletion, and amortization	36,728		11,745		12,273		871		—		61,617
Impairments	267,836		410,126		63,962		—		—		741,924
Total expenses	335,979		447,320		108,554		871		(5,460)		887,264
Loss on abandonment of assets	17,554		—		—		—		—		17,554
General and administrative	—		—		—		11,553		—		11,553
(Gain) loss on disposition of assets	(13)		409		(6)		—		—		390
Loss from operations	(304,996)		(411,097)		(65,868)		(12,424)		—		(794,385)
Gain on derivatives	—		—		—		483		—		483
Interest, net	—		—		(518)		(12,739)		—		(13,257)
Other	18		17		18		7		—		60
Loss before income taxes	$	(304,978)	$	(411,080)	$	(66,368)	$	(24,673)	—		$	(807,099)

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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.