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Revenue
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Our revenue is generated primarily from product sales. Service revenue is generated from providing services to our customers. These services include installation, repair and maintenance, laboratory and logistics services, chemical management services, troubleshooting, reporting, water treatment services, technical advisory assistance and other field services. Lease revenue is derived from rental income of leased production equipment. As our costs are shared across the various revenue categories, cost of goods sold is not tracked separately and is not discretely identifiable.

In certain geographical areas, the Company utilizes joint ventures and independent third-party distributors and sales agents to sell and market products and services. Amounts payable to independent third-party distributors and sales agents may fluctuate based on sales and timing of distributor fee payments. For services rendered by such independent third-party distributors and sales agents, the Company records the consideration received on a net basis within product revenue in our consolidated statements of income (loss). Additionally, amounts owed to distributors and sales agents is reported within accrued distributor fees within our consolidated balance sheets.
Revenue disaggregated by geography was as follows:
Year Ended December 31, 2021
(in thousands)Production Chemical TechnologiesProduction & Automation TechnologiesDrilling TechnologiesReservoir Chemical Technologies
Corporate and other (1)
Total
United States$653,826 $583,010 $136,351 $88,313 $105,855 $1,567,355 
Latin America364,386 18,454 — 15,220 4,741 402,801 
Middle East & Africa268,096 53,995 5,408 22,140 8,896 358,535 
Canada263,887 58,927 13,474 2,739 342 339,369 
Europe180,269 6,088 11,810 4,315 11,617 214,099 
Asia-Pacific43,593 7,229 3,358 4,585 25,607 84,372 
Australia28,388 34,451 130 135 — 63,104 
Other39,955 217 1,535 3,648 — 45,355 
Total revenue$1,842,400 $762,371 $172,066 $141,095 $157,058 $3,074,990 
Year Ended December 31, 2020
(in thousands)Production Chemical TechnologiesProduction & Automation TechnologiesDrilling TechnologiesReservoir Chemical Technologies
Corporate and other (1)
Total
United States$318,460 $458,690 $82,812 $31,907 $72,948 $964,817 
Latin America202,177 21,679 22 4,283 3,650 231,811 
Middle East & Africa164,480 45,026 1,146 14,292 15,254 240,198 
Canada129,210 32,709 9,029 1,414 640 173,002 
Europe116,192 10,521 11,840 1,990 12,052 152,595 
Asia-Pacific28,023 5,549 9,141 2,267 9,041 54,021 
Australia13,225 41,233 110 274 — 54,842 
Other21,038 511 2,086 5,080 (5)28,710 
Total revenue$992,805 $615,918 $116,186 $61,507 $113,580 $1,899,996 
Year Ended December 31, 2019
(in thousands)Production Chemical TechnologiesProduction & Automation TechnologiesDrilling TechnologiesReservoir Chemical TechnologiesCorporate and otherTotal
United States$— $679,280 $181,721 $— $— $861,001 
Latin America— 32,389 19 — — 32,408 
Middle East & Africa— 59,051 1,013 — — 60,064 
Canada— 52,647 17,667 — — 70,314 
Europe— 19,752 32,213 — — 51,965 
Asia-Pacific— 9,727 12,975 — — 22,702 
Australia— 30,702 139 — — 30,841 
Other— 816 1,140 — — 1,956 
Total revenue$— $884,364 $246,887 $— $— $1,131,251 
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(1)    Revenues associated with sales under the Cross Supply Agreement with Ecolab are included within Corporate and other. See Note 3—Merger Transaction, Acquisitions, and Dispositions for further information.

Revenue is attributed to regions based on the location of our direct customer, which in some instances is an intermediary and not necessarily the end user.

Performance Obligations

Some of our contracts have a single performance obligation which represents, in most cases, the equipment or product sold to the customer. Some contracts include multiple performance obligations, often satisfied at or near the same time, such as a product and the related installation and/or maintenance services. For contracts with multiple performance obligations, we allocate the transaction price to each performance obligation based on the estimated relative standalone selling prices of the
promised goods or services underlying each performance obligation. We typically use observable prices to determine the stand-alone selling price of a performance obligation.

Within our Production & Automation Technologies and Drilling Technologies reportable segments, substantially all of our performance obligations are recognized at a point in time and are primarily related to our product revenue derived from the sale of drilling and production equipment. Revenue is recognized when control transfers to the customer upon shipment or completion of installation, testing, or certification as required under the contract. Within our Production Chemical Technologies and Reservoir Chemical Technologies segments, revenue recognized from the sale of products is recognized at the point in time when the obligations in the contract with the customer are satisfied, which generally occurs with the delivery of the product. Within our ESP leased asset program, when stipulated in the contract, equipment damaged in operation is charged to the customer and recognized as product revenue. Service and lease revenue are recognized over time when the services are provided to the customer or when the customer receives the benefit of the leased equipment.

Remaining performance obligations
As of December 31, 2021, we did not have any contracts with an original length of greater than a year from which revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied).

Contract Balances

The beginning and ending contract asset and contract liability balances from contracts with customers were as follows:

December 31,
(in thousands)20212020
Contract assets$— $— 
Contract liabilities15,246 16,668 

Contract assets primarily relate to work completed for performance obligations that are satisfied over time and are recorded in prepaid expenses and other current assets on our consolidated balance sheets. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to billings or consideration received in advance of performance (obligation to transfer goods or services to a customer) under the contract. Contract liabilities are recognized as revenue when the performance obligation has been performed, which primarily occurs during the subsequent quarter. Current contract liabilities are recorded in accrued expenses and other current liabilities on our consolidated balance sheets.