ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2022

Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

The following table presents key information connected with our 2022 and 2021 acquisitions (dollars in thousands, except share amounts):

Assets and Operations Acquired	Acquisition Date	Shares Issued		Cash Consideration		Value of Shares Issued		Total Consideration	Segments
Nuverra	February 23, 2022	4,203,323	$	—	$	35,854	$	35,854	Water Services & Water Infrastructure
HB Rentals	December 3, 2021	1,211,375		2,610		7,135		9,745	Water Services
Agua Libre and Basic	October 1, 2021	902,593		16,394		4,684		21,078	Water Services & Water Infrastructure
Complete	July 9, 2021	3,600,000		14,356		20,304		34,660	Water Services & Water Infrastructure
Total		9,917,291	$	33,360	$	67,977	$	101,337

Nuverra

Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

Preliminary purchase price allocation	As Reported as of June 30, 2022		Current Quarter Adjustment		Amount
Consideration transferred	(in thousands)
Class A Common Stock (4,203,323 shares)	$	35,854	$	—	$	35,854
Total consideration transferred		35,854		—		35,854
Less: identifiable assets acquired and liabilities assumed
Working capital		7,818		(117)		7,701
Property and equipment		65,138		—		65,138
Right-of-use assets		2,931		—		2,931
Other long-term assets		100		—		100
Long-term debt		(18,780)		—		(18,780)
Long-term ARO		(12,980)		—		(12,980)
Long-term lease liabilities		(1,189)		—		(1,189)
Total identifiable net assets acquired		43,038		(117)		42,921
Bargain Purchase Gain		(7,184)		117		(7,067)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	35,854	$	—	$	35,854

HB Rentals

Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

Purchase price allocation	As Reported as of December 31, 2021		Current Period Adjustment		Amount
Consideration transferred	(in thousands)
Class A Common Stock (1,211,375 shares)	$	7,135	$	—	$	7,135
Cash paid		1,526		—		1,526
Final working capital settlement		—		1,084		1,084
Total consideration transferred		8,661		1,084		9,745
Less: identifiable assets acquired and liabilities assumed
Working capital		29		880		909
Property and equipment		14,091		929		15,020
Right-of-use assets		1,316		—		1,316
Long-term lease liabilities		(835)		—		(835)
Total identifiable net assets acquired		14,601		1,809		16,410
Bargain Purchase Gain		(5,940)		(725)		(6,665)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	8,661	$	1,084	$	9,745

Aqua Libre and Basic

Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

Purchase price allocation	As Reported as of December 31, 2021		Current Period Adjustment		Amount
Consideration transferred	(in thousands)
Class A Common Stock (902,593 shares)	$	4,684	$	—	$	4,684
Cash paid		16,394		—		16,394
Total consideration transferred		21,078		—		21,078
Less: identifiable assets acquired and liabilities assumed
Working capital		(506)		37		(469)
Property and equipment		41,000		6,330		47,330
Right-of-use assets		309		—		309
Long-term ARO		(15,810)		—		(15,810)
Long-term lease liabilities		(281)		10		(271)
Total identifiable net assets acquired		24,712		6,377		31,089
Bargain Purchase Gain		(3,634)		(6,377)		(10,011)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	21,078	$	—	$	21,078

Complete Energy Services, Inc.

Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

Purchase price allocation	As Reported as of December 31, 2021		Current Period Adjustment		Amount
Consideration transferred	(in thousands)
Class A Common Stock (3,600,000 shares)	$	20,304	$	—	$	20,304
Cash paid		14,356		—		14,356
Total consideration transferred		34,660		—		34,660
Less: identifiable assets acquired and liabilities assumed
Working capital		15,783		(200)		15,583
Property and equipment		36,761		(201)		36,560
Right-of-use assets		3,331		—		3,331
Other long-term assets		24		—		24
Long-term ARO		(9,800)		—		(9,800)
Long-term lease liabilities		(2,028)		—		(2,028)
Total identifiable net assets acquired		44,071		(401)		43,670
Bargain Purchase Gain		(9,411)		401		(9,010)
Fair value allocated to net assets acquired, net of bargain purchase gain	$	34,660	$	—	$	34,660