XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.2
Concentrations, Risks and Uncertainties
6 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]  
Concentrations, Risks and Uncertainties Concentrations, Risks and Uncertainties
Significant Customers
Our customers are primarily oil and natural gas E&P companies representing private operators, publicly-traded independents, majors and other companies with operations in the key U.S. oil and gas producing basins as well as Australia and the Kingdom of Saudi Arabia. For the six months ended June 30, 2022 and 2021, one customer represented approximately 10% and 13%, respectively, of our consolidated revenues.
Significant Vendors
The principal raw materials used in the manufacture of our products and rental equipment include forgings and plate, castings, tube and bar stock. In addition, we require accessory items (such as elastomers, ring gaskets, studs and nuts) and machined components and assemblies. We purchase these items from vendors primarily located in the United States, China, India and Australia. For the six months ended June 30, 2022, no vendor represented 10% or more of our total third-party vendor purchases of raw materials, finished products, components, equipment, machining and other services. For the six months ended
June 30, 2021, one vendor represented approximately 10% of our total third-party vendor purchases of raw materials, finished products, components, equipment, machining and other services.