v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (207,326,000) $ (3,163,000) $ (619,000)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Stock based compensation 875,000 1,345,000 923,000
Depreciation, depletion, amortization and accretion 25,079,000 45,110,000 64,271,000
Amortization of financing origination costs 3,131,000 1,288,000 777,000
Change in provision for expected credit losses 171,517,000 (591,000) 3,389,000
Gains on disposal of assets, net (4,014,000) (6,041,000) (3,908,000)
Gains from sales of equipment damaged or lost down-hole (157,000) (335,000) (604,000)
Impairment of goodwill 0 1,810,000 0
Gain on sale of business 0 (2,080,000) 0
Deferred income taxes 4,237,000 (1,687,000) 7,700,000
Other 160,000 (693,000) (117,000)
Changes in assets and liabilities:      
Accounts receivable, net 195,639,000 11,275,000 (52,527,000)
Inventories (2,563,000) (3,770,000) (517,000)
Prepaid expenses and other assets 195,000 354,000 (710,000)
Accounts payable 2,675,000 (18,485,000) 6,680,000
Income taxes payable (16,655,000) 12,757,000 5,800,000
Net cash provided by operating activities 180,717,000 31,386,000 15,266,000
Cash flows from investing activities:      
Purchases of property and equipment (17,065,000) (19,395,000) (12,737,000)
Business divestitures, net of cash transferred 0 3,276,000 0
Proceeds from disposal of property and equipment 6,633,000 7,333,000 10,613,000
Net cash used in investing activities (10,432,000) (8,786,000) (2,124,000)
Cash flows from financing activities:      
Proceeds from financing transaction, net 0 46,120,000 0
Payments on financing transaction (Note 10) (46,837,000) 0 0
Proceeds from sale-leaseback transaction 0 0 4,589,000
Payments on sale-leaseback transaction (12,407,000) (4,958,000) (4,429,000)
Principal payments on financing leases and equipment financing notes (1,944,000) (12,212,000) (4,306,000)
Debt issuance costs (37,000) (3,972,000) 0
Other 0 (919,000) 0
Net cash used in financing activities (112,113,000) (15,586,000) (5,601,000)
Effect of foreign exchange rate on cash (144,000) 2,000 (158,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 58,028,000 7,016,000 7,383,000
Cash, cash equivalents and restricted cash at beginning of period 24,298,000 17,282,000 9,899,000
Cash, cash equivalents and restricted cash at end of period 82,326,000 24,298,000 17,282,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 15,526,000 12,017,000 10,164,000
Cash paid for income taxes, net of refunds received 1,173,000 897,000 106,000
Supplemental disclosure of non-cash transactions:      
Interest paid in kind - related parties 5,888,000 0 0
Purchases of property and equipment included in accounts payable and accrued expenses 5,650,000 3,339,000 4,736,000
Right-of-use assets obtained for financing lease liabilities 6,896,000 1,417,000 3,058,000
Nonrelated Party      
Changes in assets and liabilities:      
Accrued expenses and other liabilities 3,277,000 (6,949,000) (15,272,000)
Cash flows from financing activities:      
Borrowings on long-term debt 0 201,091,000 197,975,000
Repayments of long-term debt 0 (284,610,000) (199,430,000)
Related Party      
Changes in assets and liabilities:      
Accrued expenses and other liabilities 4,647,000 1,241,000 0
Cash flows from financing activities:      
Borrowings on long-term debt 0 43,874,000 0
Repayments of long-term debt $ (50,888,000) $ 0 $ 0

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