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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

The following table represents selected financial information for the periods presented regarding the Company's business segments on a stand-alone basis and the consolidation and elimination entries necessary to arrive at the financial information for the Company on a consolidated basis.

			Year Ended December 31, 2022
			E&P						Well Servicing and Abandonment						Corporate/Eliminations						Consolidated Company
			(in thousands)
Revenues(1)			$	874,190					$	184,448					$	(3,188)					$	1,055,450
Net income (loss) before income taxes			$	303,178					$	14,747					$	(110,193)					$	207,732
Adjusted EBITDA			$	411,811					$	26,113					$	(57,976)					$	379,948
Capital expenditures			$	141,930					$	8,455					$	2,536					$	152,921
Total assets			$	1,563,251					$	83,461					$	(15,682)					$	1,631,030

			Year Ended December 31, 2021
			E&P						Well Servicing and Abandonment						Corporate/Eliminations						Consolidated Company
			(in thousands)
Revenues(1)			$	665,509					$	35,840					$	—					$	701,349
Net income (loss) before income taxes			$	82,826					$	1					$	(96,956)					$	(14,129)
Adjusted EBITDA			$	251,146					$	4,310					$	(43,310)					$	212,146
Capital expenditures			$	129,479					$	1,029					$	2,211					$	132,719
Total assets			$	1,450,157					$	81,093					$	(74,771)					$	1,456,479

__________

(1)    These revenues do not include hedge settlements.

Adjusted EBITDA Reconciliation

			Year Ended December 31, 2022
									Well Servicing and Abandonment						Corporate/Eliminations						Consolidated Company
			(in thousands)
Adjusted EBITDA reconciliation to net income (loss):
Net income (loss)			$	303,178					$	14,747					$	(67,757)					$	250,168
Add (Subtract):
Interest expense			—						23						30,894						30,917
Income tax benefit			—						—						(42,436)						(42,436)
Depreciation, depletion, and amortization			139,886						12,548						4,413						156,847
Losses on derivatives			48,314						—						—						48,314
Net cash paid for scheduled derivative settlements			(88,023)						—						—						(88,023)
Other operating expenses (income)			3,827						(1,690)						1,585						3,722
Stock compensation expense			1,361						287						15,325						16,973
Non-recurring costs(1)			3,268						198						—						3,466
Adjusted EBITDA			$	411,811					$	26,113					$	(57,976)					$	379,948

__________

(1)    Non-recurring costs include legal and professional service expenses related to acquisition and divestiture activity for the first quarter of 2022 and the executive transition costs in the fourth quarter of 2022.

			Year Ended December 31, 2021
			E&P						Well Servicing and Abandonment						Corporate/Eliminations						Consolidated Company
			(in thousands)
Adjusted EBITDA reconciliation to net income (loss):
Net income (loss)			$	82,825					$	1					$	(98,368)					$	(15,542)
Add (Subtract):
Interest expense			—						—						31,964						31,964
Income tax expense			—						—						1,413						1,413
Depreciation, depletion, and amortization			136,915						2,974						4,606						144,495
Losses on derivatives			117,822						—						—						117,822
Net cash paid for scheduled derivative settlements			(87,625)						—						—						(87,625)
Other operating expenses			109						—						2,992						3,101
Stock compensation expense			1,100						—						12,683						13,783
Non-recurring costs(1)			—						1,335						1,400						2,735
Adjusted EBITDA			$	251,146					$	4,310					$	(43,310)					$	212,146

__________

(1)    Non-recurring costs include legal and professional service expenses related to acquisition and divestiture activity for the fourth quarter of

2021.

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Adjusted EBITDA Reconciliation

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section 50
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