v3.22.2.2
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of segment information
Certain segment information as of September 30, 2022 and December 31, 2021 and for the three and nine months ended September 30, 2022 and 2021 is as follows (in millions):
High Specification RigsWireline ServicesProcessing Solutions and Ancillary ServicesOtherTotal
Three Months Ended September 30, 2022
Revenues$79.7 $60.6 $36.7 $— $177.0 
Cost of services62.7 49.2 26.2 — 138.1 
General and administrative— — — 11.0 11.0 
Depreciation and amortization6.3 2.8 1.3 0.4 10.8 
Impairment of fixed assets— — — 0.2 0.2 
(Gain) loss on sale of assets— — — (1.1)(1.1)
Operating income (loss)10.7 8.6 9.2 (10.5)18.0 
Interest expense, net— — — 1.8 1.8 
Income tax expense (benefit)— — — 3.4 3.4 
Gain on bargain purchase— — — (0.8)(0.8)
Net income (loss)$10.7 $8.6 $9.2 $(14.9)$13.6 
Capital expenditures$2.8 $0.4 $2.0 $— $5.2 
Nine Months Ended September 30, 2022
Revenues$220.6 $148.7 $84.9 $— $454.2 
Cost of services175.3 134.8 66.0 — 376.1 
General and administrative— — — 32.4 32.4 
Depreciation and amortization20.8 8.3 3.3 1.4 33.8 
Impairment of fixed assets— — — 1.3 1.3 
(Gain) loss on sale of assets— — — — — 
Operating income (loss)24.5 5.6 15.6 (35.1)10.6 
Interest expense, net— — — 5.7 5.7 
Income tax expense (benefit)— — — 1.0 1.0 
Gain on bargain purchase— — — (3.6)(3.6)
Net income (loss)$24.5 $5.6 $15.6 $(38.2)$7.5 
Capital expenditures$5.7 $2.0 $5.2 $— $12.9 
As of September 30, 2022
Accounts receivable, net$49.0 $29.7 $16.3 $— $95.0 
Property and equipment, net$128.8 $34.4 $45.7 $17.3 $226.2 
Total assets$227.3 $77.3 $79.6 $24.0 $408.2 
High Specification RigsWireline ServicesProcessing Solutions and Ancillary ServicesOtherTotal
Three Months Ended September 30, 2021
Revenues$29.9 $45.4 $6.4 $— $81.7 
Cost of services25.1 44.0 4.9 — 74.0 
General and administrative— — — 7.1 7.1 
Depreciation and amortization4.1 2.7 1.5 0.4 8.7 
Operating income (loss)0.7 (1.3)— (7.5)(8.1)
Interest expense, net— — — 1.2 1.2 
Income tax expense (benefit)— — — (0.2)(0.2)
Net income (loss)$0.7 $(1.3)$— $(8.5)$(9.1)
Capital expenditures$2.2 $0.6 $0.2 $— $3.0 
Nine Months Ended September 30, 2021
Revenues$80.6 $73.1 $16.3 $— $170.0 
Cost of services68.1 70.4 13.7 — 152.2 
General and administrative— — — 16.7 16.7 
Depreciation and amortization13.6 5.5 4.7 1.1 24.9 
Operating income (loss)(1.1)(2.8)(2.1)(17.9)(23.9)
Interest expense, net— — — 2.5 2.5 
Income tax expense (benefit)— — — 0.1 0.1 
Net income (loss)$(1.1)$(2.8)$(2.1)$(20.5)$(26.5)
Capital expenditures$4.6 $1.4 $0.5 $— $6.5 
As of December 31, 2021
Accounts receivable, net $40.9 $26.8 $13.1 $— $80.8 
Property and equipment, net$155.0 $41.5 $48.9 $25.2 $270.6 
Total assets$219.1 $76.4 $69.4 $28.2 $393.1