Industry Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

The following tables provide certain information about the operations of each of our segments:


	Three Months Ended June 30, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	77,815	$	—	$	—	$	—	$	—	$	77,815
Contract drilling	—		50,773		—		—		(7,736)		43,037
Gas gathering and processing	—		—		54,630		—		(10,336)		44,294
Total revenues	77,815		50,773		54,630		—		(18,072)		165,146
Expenses:
Operating costs:
Oil and natural gas	37,519		—		—		—		(1,277)		36,242
Contract drilling	—		36,390		—		—		(7,082)		29,308
Gas gathering and processing	—		—		41,550		—		(9,059)		32,491
Total operating costs	37,519		36,390		41,550		—		(17,418)		98,041
Depreciation, depletion, and amortization	38,751		13,504		12,102		1,935		—		66,292
Total expenses	76,270		49,894		53,652		1,935		(17,418)		164,333
General and administrative	—		—		—		10,064		—		10,064
Gain on disposition of assets	(60)		(296)		(66)		—		—		(422)
Income (loss) from operations	1,605		1,175		1,044		(11,999)		(654)		(8,829)
Gain on derivatives	—		—		—		7,927		—		7,927
Interest, net	—		—		(345)		(8,650)		—		(8,995)
Other	—		—		—		6		—		6
Income (loss) before income taxes	$	1,605	$	1,175	$	699	$	(12,716)	$	(654)	$	(9,891)

_______________________

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.


	Three Months Ended June 30, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and 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		—		(20,083)		39,703
Total operating costs	33,682		36,921		59,786		—		(26,374)		104,015
Depreciation, depletion, and amortization	31,554		13,726		11,175		1,918		—		58,373
Total expenses	65,236		50,647		70,961		1,918		(26,374)		162,388
General and administrative expense	—		—		—		8,712		—		8,712
Gain on disposition of assets	(59)		(57)		(45)		—		—		(161)
Income (loss) from operations	37,141		2,177		4,490		(10,630)		(814)		32,364
Loss on derivatives	—		—		—		(14,461)		—		(14,461)
Interest, net	—		—		(304)		(7,425)		—		(7,729)
Other	—		—		—		5		—		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.


	Six Months Ended June 30, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	163,910	$	—	$	—	$	—	$	—	$	163,910
Contract drilling	—		108,972		—		—		(14,780)		94,192
Gas gathering and processing	—		—		125,139		—		(28,404)		96,735
Total revenues	163,910		108,972		125,139		—		(43,184)		354,837
Expenses:
Operating costs:
Oil and natural gas	71,527		—		—		—		(2,571)		68,956
Contract drilling	—		73,775		—		—		(13,066)		60,709
Gas gathering and processing	—		—		97,679		—		(25,833)		71,846
Total operating costs	71,527		73,775		97,679		—		(41,470)		201,511
Depreciation, depletion, and amortization	74,518		26,203		23,828		3,869		—		128,418
Total expenses	146,045		99,978		121,507		3,869		(41,470)		329,929
General and administrative expense	—		—		—		19,805		—		19,805
(Gain) loss on disposition of assets	(138)		1,449		(108)		(10)		—		1,193
Income (loss) from operations	18,003		7,545		3,740		(23,664)		(1,714)		3,910
Gain on derivatives	—		—		—		995		—		995
Interest, net	—		—		(681)		(16,852)		—		(17,533)
Other	—		—		—		11		—		11
Income (loss) before income taxes	$	18,003	$	7,545	$	3,059	$	(39,510)	$	(1,714)	$	(12,617)

_______________________ ____________________

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.


	Six Months Ended June 30, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and 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		—		(37,499)		81,307
Total operating costs	70,834		72,875		118,806		—		(49,267)		213,248
Depreciation, depletion, and amortization	62,337		27,038		22,228		3,836		—		115,439
Total expenses	133,171		99,913		141,034		3,836		(49,267)		328,687
General and administrative expense	—		—		—		19,474		—		19,474
Gain on disposition of assets	(129)		(84)		(79)		(30)		—		(322)
Income (loss) from operations	72,375		3,648		9,101		(23,280)		(1,248)		60,596
Loss on derivatives	—		—		—		(21,223)		—		(21,223)
Interest, net	—		—		(453)		(17,280)		—		(17,733)
Other	—		—		—		11		—		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.