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Industry Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Industry segment information

The following tables provide certain information about the operations of each of our segments:
 
 
Three Months Ended June 30, 2018
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues: (1)
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
102,318

 
$

 
$

 
$

 
$

 
$
102,318

Contract drilling
 

 
52,767

 

 

 
(5,841
)
 
46,926

Gas gathering and processing
 

 

 
75,406

 

 
(21,347
)
 
54,059

Total revenues
 
102,318

 
52,767

 
75,406

 

 
(27,188
)
 
203,303

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
33,682

 

 

 

 
(1,264
)
 
32,418

Contract drilling
 

 
36,921

 

 

 
(5,027
)
 
31,894

Gas gathering and processing
 

 

 
59,786

 
3,576

 
(23,659
)
 
39,703

Total operating costs
 
33,682

 
36,921

 
59,786

 
3,576

 
(29,950
)
 
104,015

Depreciation, depletion, and amortization
 
31,554

 
13,726

 
11,175

 
1,918

 

 
58,373

Total expenses
 
65,236

 
50,647

 
70,961

 
5,494

 
(29,950
)
 
162,388

Total operating income (loss) (2)
 
37,082

 
2,120

 
4,445

 
(5,494
)
 
2,762

 
 
General and administrative expense
 

 

 

 
(8,712
)
 

 
(8,712
)
Gain on disposition of assets
 
59

 
57

 
45

 

 

 
161

Loss on derivatives
 

 

 

 
(14,461
)
 

 
(14,461
)
Interest, net
 

 

 
(304
)
 
(7,425
)
 

 
(7,729
)
Other
 

 

 

 
3,581

 
(3,576
)
 
5

Income (loss) before income taxes
 
$
37,141

 
$
2,177

 
$
4,186

 
$
(32,511
)
 
$
(814
)
 
$
10,179

_______________________
(1)
The revenues for oil and natural gas occur at a point in time. The revenues for contract drilling and gas gathering and processing occur over time.

(2)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, and amortization and does not include general corporate expenses, gain on disposition of assets, loss on derivatives, interest, net, other income, or income taxes.
 
 
Three Months Ended June 30, 2017
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
83,173

 
$

 
$

 
$

 
$

 
$
83,173

Contract drilling
 

 
44,844

 

 

 
(5,589
)
 
39,255

Gas gathering and processing
 

 

 
63,111

 

 
(14,958
)
 
48,153

Total revenues
 
83,173

 
44,844

 
63,111

 

 
(20,547
)
 
170,581

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
33,941

 

 

 

 
(1,183
)
 
32,758

Contract drilling
 

 
32,452

 

 

 
(5,213
)
 
27,239

Gas gathering and processing
 

 

 
49,817

 

 
(13,775
)
 
36,042

Total operating costs
 
33,941

 
32,452

 
49,817

 

 
(20,171
)
 
96,039

Depreciation, depletion, and amortization
 
23,558

 
13,769

 
10,849

 
1,904

 

 
50,080

Total expenses
 
57,499

 
46,221

 
60,666

 
1,904

 
(20,171
)
 
146,119

Total operating income (loss)(1)
 
25,674

 
(1,377
)
 
2,445

 
(1,904
)
 
(376
)
 
 
General and administrative expense
 

 

 

 
(8,713
)
 

 
(8,713
)
Gain on disposition of assets
 
168

 
31

 
44

 
5

 

 
248

Gain on derivatives
 

 

 

 
8,902

 

 
8,902

Interest, net
 

 

 

 
(9,467
)
 

 
(9,467
)
Other
 

 

 

 
6

 

 
6

Income (loss) before income taxes
 
$
25,842

 
$
(1,346
)
 
$
2,489

 
$
(11,171
)
 
$
(376
)
 
$
15,438

_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, and amortization and does not include general corporate expenses, gain on disposition of assets, gain on derivatives, interest, net, other income, or income taxes.
 
 
Six Months Ended June 30, 2018
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues: (1)
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
205,417

 
$

 
$

 
$

 
$

 
$
205,417

Contract drilling
 

 
103,477

 

 

 
(10,562
)
 
92,915

Gas gathering and processing
 

 

 
150,056

 

 
(39,953
)
 
110,103

Total revenues
 
205,417

 
103,477

 
150,056

 

 
(50,515
)
 
408,435

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
70,834

 

 

 

 
(2,454
)
 
68,380

Contract drilling
 

 
72,875

 

 

 
(9,314
)
 
63,561

Gas gathering and processing
 

 

 
118,806

 
3,576

 
(41,075
)
 
81,307

Total operating costs
 
70,834

 
72,875

 
118,806

 
3,576

 
(52,843
)
 
213,248

Depreciation, depletion, and amortization
 
62,337

 
27,038

 
22,228

 
3,836

 

 
115,439

Total expenses
 
133,171

 
99,913

 
141,034

 
7,412

 
(52,843
)
 
328,687

Total operating income (loss) (2)
 
72,246

 
3,564

 
9,022

 
(7,412
)
 
2,328

 
 
General and administrative expense
 

 

 

 
(19,474
)
 

 
(19,474
)
Gain on disposition of assets
 
129

 
84

 
79

 
30

 

 
322

Loss on derivatives
 

 

 

 
(21,223
)
 

 
(21,223
)
Interest, net
 

 

 
(453
)
 
(17,280
)
 

 
(17,733
)
Other
 

 

 

 
3,587

 
(3,576
)
 
11

Income (loss) before income taxes
 
$
72,375

 
$
3,648

 
$
8,648

 
$
(61,772
)
 
$
(1,248
)
 
$
21,651

_______________________
(1)
The revenues for oil and natural gas occur at a point in time. The revenues for contract drilling and gas gathering and processing occur over time.

(2)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, and amortization and does not include general corporate expenses, gain on disposition of assets, loss on derivatives, interest, net, other income, or income taxes.
 
 
Six Months Ended June 30, 2017
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
170,771

 
$

 
$

 
$

 
$

 
$
170,771

Contract drilling
 

 
82,029

 

 

 
(5,589
)
 
76,440

Gas gathering and processing
 

 

 
129,575

 

 
(30,481
)
 
99,094

Total revenues
 
170,771

 
82,029

 
129,575

 

 
(36,070
)
 
346,305

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
64,267

 

 

 

 
(2,305
)
 
61,962

Contract drilling
 

 
61,679

 

 

 
(5,213
)
 
56,466

Gas gathering and processing
 

 

 
101,922

 

 
(28,176
)
 
73,746

Total operating costs
 
64,267

 
61,679

 
101,922

 

 
(35,694
)
 
192,174

Depreciation, depletion, and amortization
 
45,084

 
26,616

 
21,667

 
3,645

 

 
97,012

Total expenses
 
109,351

 
88,295

 
123,589

 
3,645

 
(35,694
)
 
289,186

Total operating income (loss)(1)
 
61,420

 
(6,266
)
 
5,986

 
(3,645
)
 
(376
)
 
 
General and administrative expense
 

 

 

 
(17,667
)
 

 
(17,667
)
Gain on disposition of assets
 
177

 
38

 
44

 
813

 

 
1,072

Gain on derivatives
 

 

 

 
23,633

 

 
23,633

Interest, net
 

 

 

 
(18,863
)
 

 
(18,863
)
Other
 

 

 

 
9

 

 
9

Income (loss) before income taxes
 
$
61,597

 
$
(6,228
)
 
$
6,030

 
$
(15,720
)
 
$
(376
)
 
$
45,303

_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, and amortization and does not include general corporate expenses, gain on disposition of assets, gain on derivatives, interest, net, other income, or income taxes.