Risk Concentrations

9 Months Ended

Sep. 30, 2017

Risk Concentrations

Risk Concentrations

NOTE 10. RISK CONCENTRATIONS

Customer Concentrations

For the nine months ended September 30, 2017,  two customers (EOG Resources and PDC Energy—Well Services segment) accounted for approximately 13.4% and 18.9%, respectively, of the Company’s total revenues. For the three months ended September 30, 2017,  two customers (EOG Resources and PDC Energy—Well Services segment) accounted for approximately 11.5% and 12.3%, respectively, of the Company’s total revenues. At September 30, 2017,  approximately 21.7% of the accounts receivable balance was due from these customers.

For the nine months ended September 30, 2016, two customers (EOG Resources and PDC Energy —Well Services segment) accounted for 30.8% and 19.2%, respectively,  of the Company’s total revenues. For the three months ended September 30, 2016,  two customers (EOG Resources and PDC Energy—Well Services segment) accounted for approximately 17.2% and 26.0%, respectively, of the Company’s total revenues. At September 30, 2016, approximately 28.5% of the accounts receivable balance was due from these customers.