| Schedule of Segment Reporting Information, by Segment |
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| Three Months Ended September 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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14,205 |
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— |
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66,898 |
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— |
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$ |
81,103 |
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Intersegment revenues (purchases) (2) (3)
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66,900 |
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(578) |
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(68,217) |
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1,895 |
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— |
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Segment operating profit (loss) (4)
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40,071 |
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(19,297) |
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(11,042) |
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(4,303) |
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5,429 |
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| Interest expense, net |
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— |
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(994) |
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— |
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(5,950) |
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(6,944) |
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| Other income (loss), net |
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309 |
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— |
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(12,937) |
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(90) |
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(12,718) |
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| Consolidated loss before tax |
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$ |
(14,233) |
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| Three Months Ended September 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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483 |
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— |
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15,155 |
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— |
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$ |
15,638 |
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Intersegment revenues (purchases) (2) (3)
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15,155 |
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— |
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(12,142) |
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(3,013) |
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— |
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Segment operating profit (loss) (4)
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3,491 |
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(8,058) |
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(640) |
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(9,309) |
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(14,516) |
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| Interest expense, net |
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— |
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(996) |
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— |
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28 |
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(968) |
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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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— |
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— |
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(515) |
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67 |
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(448) |
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| Consolidated loss before tax |
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$ |
(15,932) |
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| Nine Months Ended September 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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15,620 |
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— |
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273,773 |
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— |
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$ |
289,393 |
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Intersegment revenues (purchases) (2) (3)
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152,824 |
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(808) |
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(141,385) |
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(10,631) |
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— |
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Segment operating profit (loss) (4)
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83,170 |
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(57,098) |
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(25,093) |
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(30,098) |
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(29,119) |
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| Interest expense, net |
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— |
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(2,984) |
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(455) |
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(10,351) |
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(13,790) |
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| Other income (loss), net |
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309 |
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— |
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(38,695) |
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420 |
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(37,966) |
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| Consolidated loss before tax |
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$ |
(80,875) |
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| Nine Months Ended September 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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814 |
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— |
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48,884 |
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— |
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$ |
49,698 |
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Intersegment revenues (purchases) (2)(3)
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29,108 |
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— |
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(26,095) |
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(3,013) |
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— |
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Segment operating loss (4)
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(4,542) |
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(24,071) |
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(13,352) |
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(21,290) |
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(63,255) |
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| Interest expense, net |
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(1,635) |
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(3,726) |
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1 |
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(2,329) |
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(7,689) |
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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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(1,202) |
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(2,494) |
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(514) |
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217 |
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(3,993) |
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| Consolidated loss before tax |
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$ |
(73,515) |
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(1) The Company's Marketing & Trading segment markets most of the Company's Upstream segment natural gas production to third party-purchasers.
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(2) The Company’s Marketing & Trading segment purchases most of the Company’s Upstream segment natural gas production. Intersegment revenues are eliminated at consolidation.
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(3) Intersegment revenues related to our Marketing & Trading segment are a result of cost allocations to the Corporate component using a cost plus transfer pricing methodology. Intersegment revenues related to the Corporate component are associated with intercompany interest charged to the Midstream segment. 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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Nine months ended September 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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236,558 |
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$ |
23,416 |
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| Midstream |
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137,205 |
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1,000 |
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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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373,763 |
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24,416 |
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| Corporate capital expenditures |
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1,278 |
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— |
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| Consolidated capital expenditures |
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$ |
375,041 |
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$ |
24,416 |
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