Reporting Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2023

The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):


Year Ended December 31, 2023	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	130,771	$	110,537	$	39,106	$	7,126	$	21,952	$	—	$	309,492
Intersegment revenues	517		—		25		—		2,102		(2,644)		—
Total revenue	131,288		110,537		39,131		7,126		24,054		(2,644)		309,492
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	107,405		90,478		26,324		7,095		16,538		—		247,840
Intersegment cost of revenues	1,246		149		—		26		1,223		(2,644)		—
Total cost of revenue	108,651		90,627		26,324		7,121		17,761		(2,644)		247,840
Selling, general and administrative	7,212		22,078		3,655		746		3,767		—		37,458
Depreciation, depletion, amortization and accretion	16,794		8,390		7,737		4,514		7,675		—		45,110
Gains on disposal of assets, net	(2,091)		(510)		(13)		(1,577)		(1,850)		—		(6,041)
Impairment of goodwill	—		—		—		—		1,810		—		1,810

Operating income (loss)	722		(10,048)		1,428		(3,678)		(5,109)		—		(16,685)
Interest expense and financing charges, net	4,502		9,753		540		489		912		—		16,196
Other expense (income), net	2		(39,252)		(18)		(33)		(2,714)		—		(42,015)
(Loss) income before income taxes	$	(3,782)	$	19,451	$	906	$	(4,134)	$	(3,307)	$	—	$	9,134
Total expenditures for property, plant and equipment	$	17,931	$	716	$	223	$	110	$	312	$	103	$	19,395
As of December 31, 2023:
Intangible assets, net	$	619	$	105	$	—	$	—	$	189	$	—	$	913
Total assets	$	50,965	$	462,429	$	121,162	$	13,492	$	69,005	$	(18,574)	$	698,479


Year Ended December 31, 2022	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	169,872	$	111,452	$	48,916	$	8,380	$	23,466	$	—	$	362,086
Intersegment revenue	791		—		2,475		—		1,708		(4,974)		—
Total revenue	170,663		111,452		51,391		8,380		25,174		(4,974)		362,086
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	124,848		91,577		36,783		7,514		17,865		—		278,587
Intersegment cost of revenues	3,894		72		—		85		923		(4,974)		—
Total cost of revenue	128,742		91,649		36,783		7,599		18,788		(4,974)		278,587
Selling, general and administrative	8,642		19,147		7,171		606		3,988		—		39,554
Depreciation, depletion, amortization and accretion	22,103		16,171		8,732		5,811		11,454		—		64,271
Gains on disposal of assets, net	(615)		(795)		(89)		—		(2,409)		—		(3,908)


Operating income (loss)	11,791		(14,720)		(1,206)		(5,636)		(6,647)		—		(16,418)
Interest expense and financing charges, net	1,940		7,390		753		435		988		—		11,506
Other income, net	(343)		(40,470)		(14)		—		(85)		—		(40,912)
Income (loss) before income taxes	$	10,194	$	18,360	$	(1,945)	$	(6,071)	$	(7,550)	$	—	$	12,988
Total expenditures for property, plant and equipment	$	11,421	$	885	$	88	$	95	$	401	$	(153)	$	12,737
As of December 31, 2022:
Intangible assets, net	$	1,307	$	135	$	—	$	—	$	340	$	—	$	1,782
Total assets	$	82,897	$	450,841	$	129,467	$	20,276	$	115,980	$	(74,783)	$	724,678


Year Ended December 31, 2021	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	84,190	$	93,403	$	30,880	$	3,117	$	17,372	$	—	$	228,962
Intersegment revenues	144		—		3,980		5		2,694		(6,823)		—
Total revenue	84,334		93,403		34,860		3,122		20,066		(6,823)		228,962
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	58,782		90,363		27,232		4,258		17,691		—		198,326
Intersegment cost of revenues	5,770		196		—		403		454		(6,823)		—
Total cost of revenue	64,552		90,559		27,232		4,661		18,145		(6,823)		198,326
Selling, general and administrative	49,275		18,267		5,351		803		4,550		—		78,246
Depreciation, depletion, amortization and accretion	26,377		21,880		9,005		6,784		14,429		—		78,475
Gains on disposal of assets, net	(770)		(286)		(30)		(205)		(3,856)		—		(5,147)
Impairment of goodwill	—		891		—		—		—		—		891
Impairment of other long-lived assets	—		665		—		—		547		—		1,212
Operating loss	(55,100)		(38,573)		(6,698)		(8,921)		(13,749)		—		(123,041)
Interest expense and financing charges, net	1,107		3,925		474		237		663		—		6,406
Other expense (income), net	1,843		(6,499)		(844)		25		321		—		(5,154)
Loss before income taxes	$	(58,050)	$	(35,999)	$	(6,328)	$	(9,183)	$	(14,733)	$	—	$	(124,293)
Total expenditures for property, plant and equipment	$	4,327	$	627	$	484	$	23	$	382	$	—	5,843
As of December 31, 2021:
Intangible assets, net	$	1,995	$	165	$	—	$	—	$	401	$	—	$	2,561
Total assets	$	56,036	$	427,626	$	156,519	$	25,188	$	126,482	$	(70,959)	$	720,892

The following table presents consolidated revenues by country based on sales destination of the products or services (in thousands):

The following table presents long-lived assets, excluding deferred income tax assets, by country (in thousands):