| Schedule of Segment Reporting Information, by Segment |
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| Year ended December 31, 2022 |
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Upstream |
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Midstream |
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Marketing & Trading |
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Corporate |
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Consolidated |
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Revenues from external customers (1)
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$ |
15,993 |
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$ |
— |
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$ |
375,933 |
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$ |
— |
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$ |
391,926 |
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Intersegment revenues (purchases) (2) (3)
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254,984 |
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(1,760) |
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(241,229) |
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(11,995) |
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— |
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Segment operating income (loss) (4)
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130,663 |
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(80,626) |
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(31,192) |
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(36,618) |
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(17,773) |
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| Interest expense, net |
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— |
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(1,751) |
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(454) |
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(11,655) |
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(13,860) |
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| Gain on extinguishment of debt, net |
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— |
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— |
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— |
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— |
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— |
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| Other income (loss), net |
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3,770 |
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— |
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(22,912) |
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964 |
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(18,177) |
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| Consolidated loss before tax |
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$ |
(49,810) |
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| Year ended December 31, 2021 |
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Upstream |
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Midstream |
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Marketing & Trading |
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Corporate |
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Consolidated |
Revenues from external customers (1)
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$ |
2,317 |
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$ |
— |
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$ |
68,958 |
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$ |
— |
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$ |
71,275 |
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Intersegment revenues (purchases) (2) (3)
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49,182 |
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— |
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(44,755) |
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(4,427) |
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— |
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Segment operating loss (4)
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(5,651) |
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(42,040) |
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(22,889) |
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(42,153) |
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(112,733) |
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| Interest expense, net |
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(1,642) |
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(4,722) |
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— |
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(3,014) |
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(9,378) |
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| Gain on extinguishment of debt, net |
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(665) |
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2,087 |
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— |
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— |
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1,422 |
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| Other (loss) income , net |
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(1,284) |
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(2,494) |
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9,460 |
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269 |
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5,951 |
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| Consolidated loss before tax |
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$ |
(114,738) |
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| Year ended December 31, 2020 |
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Upstream |
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Midstream |
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Marketing & Trading |
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Corporate |
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Consolidated |
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Revenues from external customers (1)
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$ |
2,358 |
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$ |
— |
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$ |
35,076 |
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$ |
— |
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$ |
37,434 |
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Intersegment revenues (purchases) (2)
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28,083 |
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— |
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(28,083) |
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— |
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— |
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Segment operating loss (4)
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(100,788) |
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(15,027) |
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(13,886) |
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(36,938) |
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(166,639) |
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| Interest expense, net |
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(6,215) |
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(14,424) |
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— |
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(22,806) |
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(43,445) |
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| Other income (loss), net |
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2,452 |
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195 |
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(408) |
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(2,851) |
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(612) |
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| Consolidated loss before tax |
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$ |
(210,696) |
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(1) The Marketing & Trading segment markets to third party-purchasers most of the Company's natural gas production from the Upstream segment.
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(2) The Marketing & Trading segment purchases most of the Company’s natural gas production from the Upstream segment. Intersegment revenues are eliminated at consolidation.
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(3) Intersegment revenues related to the Marketing & Trading segment are a result of cost allocations to the Corporate component using a cost plus transfer pricing methodology. Intersegment revenues are eliminated at consolidation.
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(4) Operating profit (loss) is defined as operating revenues less operating costs and allocated corporate costs.
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Year Ended December 31, |
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| Capital expenditures |
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2022 |
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2021 |
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2020 |
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| Upstream |
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$ |
347,240 |
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$ |
32,364 |
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$ |
1,307 |
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| Midstream |
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199,283 |
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25,501 |
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— |
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| Marketing & Trading |
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675 |
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— |
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— |
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| Total capital expenditures for reportable segments |
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547,198 |
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57,865 |
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1,307 |
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| Corporate capital expenditures |
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5,690 |
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— |
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— |
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| Consolidated capital expenditures |
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$ |
552,888 |
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$ |
57,865 |
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$ |
1,307 |
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