Industry Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Industry segment information

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

	Three Months Ended June 30, 2022
	Oil and Natural Gas		Contract Drilling		Mid-Stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	100,896	$	—	$	—	$	—	$	16	$	100,912
Contract drilling	—		33,642		—		—		—		33,642
Total revenues	100,896		33,642		—		—		16		134,554
Expenses:
Operating costs:
Oil and natural gas	27,603		—		—		—		16		27,619
Contract drilling	—		25,763		—		—		—		25,763
Total operating costs	27,603		25,763		—		—		16		53,382
Depreciation, depletion, and amortization	4,027		1,558		—		76		—		5,661
Total expenses	31,630		27,321		—		76		16		59,043
General and administrative	—		—		—		7,421		—		7,421
Gain on disposition of assets	(25)		(2,041)		—		—		—		(2,066)
Income (loss) from operations	69,291		8,362		—		(7,497)		—		70,156
Gain on derivatives	—		—		—		2,609		—		2,609
Gain on change in fair value of warrants	—		—		—		7,289		—		7,289
Reorganization items, net	—		—		—		(39)		—		(39)
Interest, net	—		—		—		(97)		—		(97)
Other	13		9		—		153		—		175
Income before income taxes	$	69,304	$	8,371	$	—	$	2,418	$	—	$	80,093

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 June 30, 2021
	Oil and Natural Gas		Contract Drilling		Mid-Stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	59,776	$	—	$	—	$	—	$	(17,806)	$	41,970
Contract drilling	—		18,061		—		—		—		18,061
Gas gathering and processing	—		—		66,323		—		7,703		74,026
Total revenues	59,776		18,061		66,323		—		(10,103)		134,057
Expenses:
Operating costs:
Oil and natural gas	16,350		—		—		—		(863)		15,487
Contract drilling	—		14,080		—		—		—		14,080
Gas gathering and processing	—		—		55,176		—		(10,120)		45,056
Total operating costs	16,350		14,080		55,176		—		(10,983)		74,623
Depreciation, depletion, and amortization	6,476		1,570		8,064		254		—		16,364
Total expenses	22,826		15,650		63,240		254		(10,983)		90,987
General and administrative	—		—		—		4,871		880		5,751
Gain on disposition of assets	(67)		(1,618)		—		(25)		—		(1,710)
Income (loss) from operations	37,017		4,029		3,083		(5,100)		—		39,029
Loss on derivatives	—		—		—		(42,400)		—		(42,400)
Loss on change in fair value of warrants	—		—		—		(3,574)		—		(3,574)
Reorganization items, net	—		—		—		(1,852)		—		(1,852)
Interest, net	—		—		641		(1,128)		—		(487)
Other	34		11		(850)		(26)		—		(831)
Income (loss) before income taxes	$	37,051	$	4,040	$	2,874	$	(54,080)	$	—	$	(10,115)

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.