Industry Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2022
	Oil and Natural Gas		Contract Drilling		Mid-Stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	80,026	$	—	$	—	$	—	$	—	$	80,026
Contract drilling	—		40,256		—		—		—		40,256
Total revenues	80,026		40,256		—		—		—		120,282
Expenses:
Operating costs:
Oil and natural gas	21,235		—		—		—		—		21,235
Contract drilling	—		25,823		—		—		—		25,823
Total operating costs	21,235		25,823		—		—		—		47,058
Depreciation, depletion, and amortization	1,840		1,590		—		91		—		3,521
Total expenses	23,075		27,413		—		91		—		50,579
General and administrative	—		—		—		5,601		—		5,601
(Gain) loss on disposition of assets	335		(2,528)		—		35		—		(2,158)
Income (loss) from operations	56,616		15,371		—		(5,727)		—		66,260
Loss on derivatives	—		—		—		(12,381)		—		(12,381)
Gain on change in fair value of warrants	—		—		—		—		—		—
Reorganization items, net	—		—		—		(48)		—		(48)
Interest, net	—		—		—		(37)		—		(37)
Other	18		12		—		1,994		—		2,024
Income (loss) before income taxes	$	56,634	$	15,383	$	—	$	(16,199)	$	—	$	55,818

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, 2021
	Oil and Natural Gas		Contract Drilling		Mid-Stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: (1)
Oil and natural gas	$	66,202	$	—	$	—	$	—	$	(13,322)	$	52,880
Contract drilling	—		19,158		—		—		—		19,158
Gas gathering and processing	—		—		92,022		—		(812)		91,210
Total revenues	66,202		19,158		92,022		—		(14,134)		163,248
Expenses:
Operating costs:
Oil and natural gas	22,022		—		—		—		(812)		21,210
Contract drilling	—		15,357		—		—		—		15,357
Gas gathering and processing	—		—		76,823		—		(14,202)		62,621
Total operating costs	22,022		15,357		76,823		—		(15,014)		99,188
Depreciation, depletion, and amortization	5,311		1,576		8,143		264		—		15,294
Total expenses	27,333		16,933		84,966		264		(15,014)		114,482
General and administrative	—		—		—		4,246		880		5,126
Gain on disposition of assets	(14)		(3,091)		—		(926)		—		(4,031)
Income (loss) from operations	38,883		5,316		7,056		(3,584)		—		47,671
Loss on derivatives	—		—		—		(39,742)		—		(39,742)
Loss on change in fair value of warrants	—		—		—		(9,054)		—		(9,054)
Reorganization items, net	—		—		—		(971)		—		(971)
Interest, net	—		—		(250)		(452)		—		(702)
Other	51		(34)		(24)		—		—		(7)
Income (loss) before income taxes	$	38,934	$	5,282	$	6,782	$	(53,803)	$	—	$	(2,805)

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.