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Business Segments
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Business Segments Business Segments The Company reports results of operations in the following three reporting segments: Drilling & Downhole, Completions and Production. The amounts indicated below as “Corporate” relate to costs and assets not allocated to the reportable segments. Summary financial data by segment follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2022202120222021
Revenue:
Drilling & Downhole$75,723 $63,180 223,476 173,406 
Completions72,246 49,692 190,867 134,051 
Production34,238 28,457 95,622 85,825 
Eliminations(372)(345)(710)(361)
Total revenue$181,835 $140,984 $509,255 $392,921 
Operating income (loss):
Drilling & Downhole$9,481 $4,042 $23,995 $2,237 
Completions5,915 250 8,787 (52)
Production665 (3,374)(1,241)(11,256)
Corporate(8,411)(8,387)(24,501)(23,667)
Segment operating income (loss)7,650 (7,469)7,040 (32,738)
Gain on disposal of assets and other(52)(93)(938)(1,362)
Operating income (loss)$7,702 $(7,376)$7,978 $(31,376)
A summary of consolidated assets by reportable segment is as follows (in thousands):
September 30, 2022December 31, 2021
Drilling & Downhole$317,807 $313,493 
Completions364,952 351,908 
Production91,476 83,150 
Corporate16,015 42,785 
Total assets$790,250 $791,336 
Corporate assets primarily include cash and certain prepaid assets.
The following table presents our revenues disaggregated by product line (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2022202120222021
Drilling Technologies$38,159 $23,211 $100,934 $69,355 
Downhole Technologies21,916 17,623 62,902 49,329 
Subsea Technologies15,648 22,346 59,640 54,722 
Stimulation and Intervention43,647 25,562 111,143 68,618 
Coiled Tubing28,599 24,130 79,724 65,433 
Production Equipment18,463 14,314 50,055 46,107 
Valve Solutions15,775 14,143 45,567 39,718 
Eliminations(372)(345)(710)(361)
Total revenue$181,835 $140,984 $509,255 $392,921 
The following table presents our revenues disaggregated by geography (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2022202120222021
United States$124,896 $88,532 $336,754 $234,246 
Canada14,169 10,946 35,761 30,027 
Europe & Africa14,291 17,416 45,186 45,643 
Middle East12,751 10,916 38,700 33,196 
Asia-Pacific9,537 7,302 26,963 31,097 
Latin America6,191 5,872 25,891 18,712 
Total Revenue$181,835 $140,984 $509,255 $392,921