XML 46 R36.htm IDEA: XBRL DOCUMENT v3.23.2
Silvertip Acquisition - Summary of Fair Value of Consideration (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 01, 2022
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Business Acquisition, Contingent Consideration [Line Items]          
Property and equipment   $ 115,233 $ 89,081 $ 212,403 $ 160,809
Silvertip Completion Services Operating, LLC          
Business Acquisition, Contingent Consideration [Line Items]          
Cash consideration $ 30,000        
Equity consideration 106,736        
Debt payments and closing costs 11,320        
Total consideration 148,056        
Cash and cash equivalents 2,681        
Accounts receivable and unbilled revenue 21,079        
Inventories 1,209        
Prepaid expenses 2,476        
Other current assets 1,059        
Property and equipment 52,478        
Goodwill 23,624        
Operating lease right-of-use asset 2,783        
Total identifiable assets acquired 164,689        
Accounts payable 7,659        
Accrued and other current liabilities 6,178        
Operating lease liability 2,796        
Total liabilities assumed 16,633        
Total purchase consideration 148,056        
Amortization period       10 years  
Minimum | Silvertip Completion Services Operating, LLC          
Business Acquisition, Contingent Consideration [Line Items]          
Estimated useful lives   1 year   1 year  
Maximum | Silvertip Completion Services Operating, LLC          
Business Acquisition, Contingent Consideration [Line Items]          
Estimated useful lives   22 years   22 years  
Trademark/trade name | Silvertip Completion Services Operating, LLC          
Business Acquisition, Contingent Consideration [Line Items]          
Intangible assets 10,800        
Customer relationships | Silvertip Completion Services Operating, LLC          
Business Acquisition, Contingent Consideration [Line Items]          
Intangible assets $ 46,500