Quarterly report pursuant to Section 13 or 15(d)

DISCLOSURE ABOUT SEGMENTS AND RELATED INFORMATION (Tables)

v3.22.2
DISCLOSURE ABOUT SEGMENTS AND RELATED INFORMATION (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Three Months Ended June 30, 2022 Upstream Midstream Marketing & Trading Corporate Consolidated
Revenues from external customers (1)
$ —  $ —  $ 61,350  $ —  $ 61,350 
Intersegment revenues (purchases) (2)
61,352  (230) (59,404) (1,718) — 
Segment operating profit (loss) (3)
38,505  (20,016) (4,292) (5,845) 8,352 
Interest expense, net —  (995) —  (3,571) (4,566)
Other income (loss), net —  —  (3,746) (75) (3,821)
Consolidated loss before tax $ (35)
Three Months Ended June 30, 2021 Upstream Midstream Marketing & Trading Corporate Consolidated
Revenues from external customers (1)
$ —  $ —  $ 25,354  $ —  $ 25,354 
Intersegment revenues (purchases) (2)
5,578  —  (5,578) —  — 
Segment operating profit (loss) (3)
(6,310) (10,740) (8,876) (3,209) (29,135)
Interest expense, net (382) (456) —  (829)
Gain (loss) on extinguishment of debt (152) —  —  —  (152)
Other income (loss), net (548) —  —  66  (482)
Consolidated loss before tax $ (30,598)
Six Months Ended June 30, 2022 Upstream Midstream Marketing & Trading Corporate Consolidated
Revenues from external customers (1)
$ —  $ —  $ 208,290  $ —  $ 208,290 
Intersegment revenues (purchases) (2)
87,341  (230) (77,115) (9,996) — 
Segment operating profit (loss) (3)
43,101  (37,800) (16,583) (23,265) (34,547)
Interest expense, net —  (1,990) (454) (4,402) (6,846)
Other income (loss), net —  —  (25,758) 509  (25,249)
Consolidated loss before tax $ (66,642)
Six Months Ended June 30, 2021 Upstream Midstream Marketing & Trading Corporate Consolidated
Revenues from external customers (1)
$ —  $ —  $ 34,060  $ —  $ 34,060 
Intersegment revenues (purchases) (2)
14,274  —  (14,274) —  — 
Segment operating loss (3)
(8,034) (16,013) (12,712) (11,980) (48,739)
Interest expense, net (1,635) (2,730) —  (2,356) (6,721)
Gain (loss) on extinguishment of debt (665) 2,087  —  —  1,422 
Other (loss) income, net (1,202) (2,493) —  150  (3,545)
Consolidated loss before tax $ (57,583)
(1) The Company's Marketing & Trading operating segment purchases and sells all of the Company's Upstream natural gas production to third party-purchasers. Intersegment revenues are eliminated at consolidation.
(2) Intersegment revenues related to our Marketing & Trading operating segment are a result of intersegment revenues and cost allocations using a cost plus transfer pricing methodology. Intersegment revenues are eliminated at consolidation.
(3) Operating profit (loss), is defined as operating revenues less operating costs and allocated corporate costs.
Six months ended June 30,
Capital expenditures 2022 2021
Upstream $ 66,500  $ 6,139 
Midstream 86,150  611 
Marketing & Trading —  — 
Total capital expenditures for reportable segments 152,650  6,750 
Corporate capital expenditures —  — 
Consolidated capital expenditures $ 152,650  $ 6,750