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Related Party Transactions
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company leases office space, yard facilities, and equipment and purchases building maintenance and repair services from entities owned by David Crombie, an executive officer of the Company. Total lease expense and building maintenance and repair expense associated with these entities was $1.0 million and $1.3 million for the years ended December 31, 2024 and 2023, respectively. The Company also purchased $3.0 million and $2.9 million of products and services for the years ended December 31, 2024 and 2023, respectively, from an entity in which Mr. Crombie is a limited partner. There were outstanding payables due to these entities of $0.3 million and $0.2 million at December 31, 2024 and 2023, respectively.
The Company provides products and rentals to National Energy Services Reunited Corp. (“NESR”), where one of the Company’s former directors serves as a director. The Company billed NESR $1.1 million and $1.5 million for the years ended December 31, 2024 and 2023, respectively. There were no outstanding receivables due to the Company from NESR at December 31, 2024 and $0.4 million of total outstanding receivables due to the Company from NESR at December 31, 2023.
Ann G. Fox, President and Chief Executive Officer and a director of the Company, is a director of Devon Energy Corporation (“Devon”). The Company generated revenue from Devon of $4.5 million and $3.0 million for the years ended December 31, 2024 and 2023, respectively. There were outstanding receivables due from Devon of $0.3 million and $0.7 million at December 31, 2024 and 2023, respectively.