| Schedule of Segment Reporting Information, by Segment |
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| Three Months Ended March 31, 2024 |
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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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$ |
1,730 |
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$ |
— |
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$ |
23,742 |
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$ |
— |
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$ |
25,472 |
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Intersegment revenues (purchases) (2) (3)
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23,742 |
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(2,679) |
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(24,050) |
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2,987 |
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— |
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Segment operating loss (4)
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(13,813) |
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(8,842) |
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(4,060) |
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(2,479) |
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(29,194) |
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| Interest income (expense), net |
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523 |
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(252) |
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1 |
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(4,589) |
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(4,317) |
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| Loss on extinguishment of debt, net |
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— |
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— |
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— |
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(4,591) |
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(4,591) |
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| Other (expense) income, net |
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(1,698) |
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— |
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44 |
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(4,258) |
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(5,912) |
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| Consolidated loss before tax |
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$ |
(44,014) |
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| Three Months Ended March 31, 2023 |
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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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$ |
3,854 |
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$ |
— |
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$ |
47,081 |
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$ |
— |
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$ |
50,935 |
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Intersegment revenues (purchases) (2) (3)
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47,081 |
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(1,355) |
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(43,198) |
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(2,528) |
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— |
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Segment operating income (loss) (4)
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(2,987) |
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(17,715) |
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(2,736) |
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(9,566) |
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(33,004) |
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| Interest expense, net |
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225 |
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(252) |
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1 |
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(3,984) |
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(4,010) |
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| Loss on extinguishment of debt, net |
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— |
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— |
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— |
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(2,822) |
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(2,822) |
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| Other income (loss), net |
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118 |
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— |
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12,329 |
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(104) |
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12,343 |
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| Consolidated loss before tax |
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$ |
(27,493) |
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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 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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Three Months Ended March 31, |
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| Capital expenditures |
2024 |
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2023 |
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| Upstream |
$ |
6,487 |
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$ |
66,059 |
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| Midstream |
26,325 |
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62,459 |
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| Marketing & Trading |
— |
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490 |
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| Total capital expenditures for reportable segments |
32,812 |
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129,008 |
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| Corporate capital expenditures |
1,412 |
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460 |
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| Consolidated capital expenditures |
$ |
34,224 |
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$ |
129,468 |
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