Industry Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

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


	Three Months Ended June 30, 2020
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	26,957	$	—	$	—	$	—	$	(1)	$	26,956
Contract drilling	—		29,202		—		—		—		29,202
Gas gathering and processing	—		—		37,719		—		(4,870)		32,849
Total revenues	26,957		29,202		37,719		—		(4,871)		89,007
Expenses:
Operating costs:
Oil and natural gas	72,354		—		—		—		(814)		71,540
Contract drilling	—		20,951		—		—		—		20,951
Gas gathering and processing	—		—		26,669		—		(4,057)		22,612
Total operating costs	72,354		20,951		26,669		—		(4,871)		115,103
Depreciation, depletion, and amortization	22,059		2,946		10,348		607				35,960
Impairments	109,318		—		—		—		—		109,318
Total expenses	203,731		23,897		37,017		607		(4,871)		260,381

General and administrative	—		—		—		25,814		—		25,814
(Gain) loss on disposition of assets	(45)		(548)		(9)		1,479		—		877
Income (loss) from operations	(176,729)		5,853		711		(27,900)		—		(198,065)
Loss on derivatives	—		—		—		(6,937)		—		(6,937)
Write-off of debt issuance costs	—		—		—		(2,426)		—		(2,426)
Reorganization items	—		—		—		(7,027)		—		(7,027)
Interest, net	—		—		(542)		(7,066)		—		(7,608)
Other	9		6		22		6		—		43
Income (loss) before income taxes	$	(176,720)	$	5,859	$	191	$	(51,350)	$	—	$	(222,020)

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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, 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.


	Six Months Ended June 30, 2020
	Oil and Natural Gas		Contract Drilling		Mid-stream		Corporate and Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	75,481	$	—	$	—	$	—	$	(3)	$	75,478
Contract drilling	—		65,834		—		—		—		65,834
Gas gathering and processing	—		—		80,399		—		(10,328)		70,071
Total revenues	75,481		65,834		80,399		—		(10,331)		211,383
Expenses:
Operating costs:
Oil and natural gas	103,769		—		—		—		(1,566)		102,203
Contract drilling	—		46,400		—		—		—		46,400
Gas gathering and processing	—		—		58,988		—		(8,765)		50,223
Total operating costs	103,769		46,400		58,988		—		(10,331)		198,826
Depreciation, depletion, and amortization	58,787		14,691		22,621		1,478		—		97,577
Impairments	377,154		410,126		63,962		—		—		851,242
Total expenses	539,710		471,217		145,571		1,478		(10,331)		1,147,645
Loss on abandonment of assets	17,554		—		—		—		—		17,554
General and administrative	—		—		—		37,367		—		37,367
(Gain) loss on disposition of assets	(58)		(139)		(15)		1,479		—		1,267
Loss from operations	(481,725)		(405,244)		(65,157)		(40,324)		—		(992,450)
Loss on derivatives	—		—		—		(6,454)		—		(6,454)
Write-off of debt issuance costs	—		—		—		(2,426)		—		(2,426)
Reorganization items	—		—		—		(7,027)		—		(7,027)
Interest, net	—		—		(1,060)		(19,805)		—		(20,865)
Other	30		23		39		11		—		103
Loss before income taxes	$	(481,695)	$	(405,221)	$	(66,178)	$	(76,025)	$	—	$	(1,029,119)

_______________________ ____________________

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	—			—		—		19,805		—		19,805
(Gain) loss on disposition of assets	(138)		-84	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)

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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.