| Schedule of Segment Reporting Information, by Segment |
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| Three Months Ended June 30, 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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$ |
— |
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$ |
— |
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$ |
61,350 |
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$ |
— |
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$ |
61,350 |
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Intersegment revenues (purchases) (2)
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61,352 |
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(230) |
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(59,404) |
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(1,718) |
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— |
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Segment operating profit (loss) (3)
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38,505 |
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(20,016) |
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(4,292) |
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(5,845) |
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8,352 |
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| Interest expense, net |
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— |
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(995) |
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— |
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(3,571) |
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(4,566) |
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| Other income (loss), net |
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— |
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— |
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(3,746) |
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(75) |
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(3,821) |
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| Consolidated loss before tax |
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$ |
(35) |
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| Three Months Ended June 30, 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 |
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Revenues from external customers (1)
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$ |
— |
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$ |
— |
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$ |
25,354 |
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$ |
— |
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$ |
25,354 |
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Intersegment revenues (purchases) (2)
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5,578 |
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— |
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(5,578) |
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— |
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— |
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Segment operating profit (loss) (3)
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(6,310) |
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(10,740) |
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(8,876) |
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(3,209) |
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(29,135) |
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| Interest expense, net |
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(382) |
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(456) |
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— |
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9 |
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(829) |
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| Gain (loss) on extinguishment of debt |
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(152) |
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— |
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— |
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— |
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(152) |
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| Other income (loss), net |
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(548) |
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— |
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— |
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66 |
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(482) |
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| Consolidated loss before tax |
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$ |
(30,598) |
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| Six Months Ended June 30, 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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$ |
— |
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$ |
— |
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$ |
208,290 |
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$ |
— |
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$ |
208,290 |
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Intersegment revenues (purchases) (2)
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87,341 |
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(230) |
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(77,115) |
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(9,996) |
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— |
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Segment operating profit (loss) (3)
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43,101 |
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(37,800) |
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(16,583) |
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(23,265) |
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(34,547) |
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| Interest expense, net |
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— |
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(1,990) |
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(454) |
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(4,402) |
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(6,846) |
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| Other income (loss), net |
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— |
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— |
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(25,758) |
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509 |
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(25,249) |
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| Consolidated loss before tax |
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$ |
(66,642) |
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| Six Months Ended June 30, 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 |
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Revenues from external customers (1)
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$ |
— |
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$ |
— |
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$ |
34,060 |
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$ |
— |
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$ |
34,060 |
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Intersegment revenues (purchases) (2)
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14,274 |
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— |
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(14,274) |
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— |
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— |
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Segment operating loss (3)
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(8,034) |
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(16,013) |
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(12,712) |
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(11,980) |
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(48,739) |
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| Interest expense, net |
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(1,635) |
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(2,730) |
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— |
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(2,356) |
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(6,721) |
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| Gain (loss) on extinguishment of debt |
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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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(1,202) |
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(2,493) |
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— |
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150 |
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(3,545) |
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| Consolidated loss before tax |
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$ |
(57,583) |
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(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.
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(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.
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(3) Operating profit (loss), is defined as operating revenues less operating costs and allocated corporate costs.
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Six months ended June 30, |
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| Capital expenditures |
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2022 |
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2021 |
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| Upstream |
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$ |
66,500 |
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$ |
6,139 |
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| Midstream |
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86,150 |
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611 |
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| Marketing & Trading |
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— |
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— |
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| Total capital expenditures for reportable segments |
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152,650 |
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6,750 |
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| Corporate capital expenditures |
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— |
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— |
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| Consolidated capital expenditures |
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$ |
152,650 |
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$ |
6,750 |
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