XML 33 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment and Geographic Reporting
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment and Geographic Reporting Segment and Geographic Reporting

The Company is primarily engaged in the exploration and production of oil in Colombia. The Company has one reportable segment based on geographic organization, Colombia. For the year ended December 31, 2019, the Ecuador business unit was not significant and was therefore included in the Colombia reportable segment. Prior to the sale of the Company's Brazil business unit effective June 30, 2017, and its Peru business unit effective December 18, 2017, Brazil and Peru were separate reportable segments. The "All Other" category represents the Company’s corporate activities, and the Brazil and Peru activities until the date of sale. The Company evaluates reportable segment performance based on income or loss before income taxes.

The following tables present comparative information on the Company’s reportable segment and other activities for the year ended December 31, 2017:
 
Year Ended December 31, 2017
(Thousands of U.S. Dollars)
Colombia

 
All Other

 
Total

Oil and natural gas sales
$
413,316

 
$
8,418

 
$
421,734

DD&A expenses
126,453

 
4,882

 
131,335

Asset impairment

 
1,514

 
1,514

General and administrative expenses
23,500

 
15,514

 
39,014

Interest expense
486

 
13,396

 
13,882

Loss on sale

 
(44,385
)
 
(44,385
)
Income (loss) before income taxes
111,829

 
(74,499
)
 
37,330

Segment capital expenditures
242,636

 
8,405

 
251,041