| Schedule of Segment Reporting Information, by Segment |
The following table sets forth certain financial information with respect to the Partnership’s reportable segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Completion and Production |
|
|
Nine Months Ended September 30, 2016 |
Contract Land and Directional Drilling Services |
Completion and Production Services |
Natural Sand Proppant |
Remote Accommodation Services |
Total |
Revenue from external customers... |
$ |
17,946,458 |
|
$ |
24,765,223 |
|
$ |
3,087,214 |
|
$ |
23,253,092 |
|
$ |
69,051,987 |
|
Revenue from related parties.......... |
$ |
2,381,446 |
|
$ |
74,480,265 |
|
$ |
20,292,900 |
|
$ |
5,412 |
|
$ |
97,160,023 |
|
Cost of revenue.............................. |
$ |
22,010,295 |
|
$ |
75,313,984 |
|
$ |
19,689,222 |
|
$ |
9,993,073 |
|
$ |
127,006,574 |
|
Selling, general and administrative expenses............................................... |
$ |
3,353,243 |
|
$ |
4,494,542 |
|
$ |
1,563,293 |
|
$ |
1,641,524 |
|
$ |
11,052,602 |
|
Earnings before interest, other expense (income), impairment, taxes and depreciation and amortization............ |
$ |
(5,035,634 |
) |
$ |
19,436,962 |
|
$ |
2,127,599 |
|
$ |
11,623,907 |
|
$ |
28,152,834 |
|
Other expense (income) ....................... |
$ |
179,639 |
|
$ |
(646,899 |
) |
$ |
2,521 |
|
$ |
12,944 |
|
$ |
(451,795 |
) |
Interest expense.............................. |
$ |
2,272,913 |
|
$ |
681,365 |
|
$ |
28,908 |
|
$ |
58,768 |
|
$ |
3,041,954 |
|
Depreciation and amortization....... |
$ |
16,243,626 |
|
$ |
31,868,016 |
|
$ |
3,067,195 |
|
$ |
1,636,976 |
|
$ |
52,815,813 |
|
Impairment of long-lived assets..... |
$ |
347,547 |
|
$ |
1,523,338 |
|
$ |
— |
|
$ |
— |
|
$ |
1,870,885 |
|
Income tax provision..................... |
$ |
— |
|
$ |
2,835 |
|
$ |
3,716 |
|
$ |
2,733,145 |
|
$ |
2,739,696 |
|
Net (loss) income.......................... |
$ |
(24,079,359 |
) |
$ |
(13,991,693 |
) |
$ |
(974,741 |
) |
$ |
7,182,074 |
|
$ |
(31,863,719 |
) |
Total expenditures for property, plant and equipment................. |
$ |
1,492,476 |
|
$ |
1,667,466 |
|
$ |
106,252 |
|
$ |
425,838 |
|
$ |
3,692,032 |
|
Three Months Ended September 30, 2016 |
|
|
|
|
|
Revenue from external customers... |
$ |
8,230,625 |
|
$ |
2,247,499 |
|
$ |
931,407 |
|
$ |
8,599,555 |
|
$ |
20,009,086 |
|
Revenue from related parties.......... |
$ |
464,850 |
|
$ |
35,682,563 |
|
$ |
6,604,880 |
|
$ |
4,840 |
|
$ |
42,757,133 |
|
Cost of revenue.............................. |
$ |
9,042,242 |
|
$ |
23,914,175 |
|
$ |
6,233,149 |
|
$ |
3,544,410 |
|
$ |
42,733,976 |
|
Selling, general and administrative expenses............................................... |
$ |
786,008 |
|
$ |
1,415,522 |
|
$ |
222,707 |
|
$ |
577,572 |
|
$ |
3,001,809 |
|
Earnings before interest, other expense (income), impairment, taxes and depreciation and amortization............ |
$ |
(1,132,775 |
) |
$ |
12,600,365 |
|
$ |
1,080,431 |
|
$ |
4,482,413 |
|
$ |
17,030,434 |
|
Other expense (income) ....................... |
$ |
237,211 |
|
$ |
2,421 |
|
$ |
(1,500 |
) |
$ |
4,761 |
|
$ |
242,893 |
|
Interest expense.............................. |
$ |
718,706 |
|
$ |
163,506 |
|
$ |
16,979 |
|
$ |
33,558 |
|
$ |
932,749 |
|
Depreciation and amortization....... |
$ |
5,297,694 |
|
$ |
10,284,307 |
|
$ |
1,011,648 |
|
$ |
554,781 |
|
$ |
17,148,430 |
|
Income tax provision..................... |
$ |
— |
|
$ |
5,929 |
|
$ |
3,716 |
|
$ |
1,046,316 |
|
$ |
1,055,961 |
|
Net (loss) income.......................... |
$ |
(7,386,386 |
) |
$ |
2,144,202 |
|
$ |
49,588 |
|
$ |
2,842,997 |
|
$ |
(2,349,599 |
) |
Total expenditures for property, plant and equipment................. |
$ |
1,069,381 |
|
$ |
492,095 |
|
$ |
— |
|
$ |
12,706 |
|
$ |
1,574,182 |
|
At September 30, 2016 |
|
|
|
|
|
Goodwill....................................... |
$ |
— |
|
$ |
86,043,148 |
|
$ |
— |
|
$ |
— |
|
$ |
86,043,148 |
|
Intangible assets, net..................... |
$ |
— |
|
$ |
23,836,496 |
|
$ |
— |
|
$ |
— |
|
$ |
23,836,496 |
|
Total Assets................................... |
$ |
103,882,141 |
|
$ |
237,288,970 |
|
$ |
24,568,736 |
|
$ |
32,896,862 |
|
$ |
398,636,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Completion and Production |
|
|
Nine Months Ended September 30, 2015 |
Contract Land and Directional Drilling Services |
Completion and Production Services |
Natural Sand Proppant |
Remote Accommodation Services |
Total |
Revenue from external customers... |
$ |
59,405,209 |
|
$ |
68,684,437 |
|
$ |
14,084,823 |
|
$ |
27,022,723 |
|
$ |
169,197,192 |
|
Revenue from related parties.......... |
$ |
3,736,497 |
|
$ |
100,883,793 |
|
$ |
31,373,247 |
|
$ |
941,552 |
|
$ |
136,935,089 |
|
Cost of revenue.............................. |
$ |
48,349,736 |
|
$ |
137,002,027 |
|
$ |
39,172,447 |
|
$ |
11,699,380 |
|
$ |
236,223,590 |
|
Selling, general and administrative expenses............................................... |
$ |
4,806,351 |
|
$ |
5,390,546 |
|
$ |
1,982,581 |
|
$ |
1,863,021 |
|
$ |
14,042,499 |
|
Earnings before interest, other expense, impairment, taxes and depreciation and amortization....... |
$ |
9,985,619 |
|
$ |
27,175,657 |
|
$ |
4,303,042 |
|
$ |
14,401,874 |
|
$ |
55,866,192 |
|
Other expense................................ |
$ |
1,180,881 |
|
$ |
372,227 |
|
$ |
136,353 |
|
$ |
545,053 |
|
$ |
2,234,514 |
|
Interest expense.............................. |
$ |
2,217,494 |
|
$ |
1,853,385 |
|
$ |
50,887 |
|
$ |
61,019 |
|
$ |
4,182,785 |
|
Interest income.............................. |
$ |
— |
|
$ |
— |
|
$ |
(98,055 |
) |
$ |
(468 |
) |
$ |
(98,523 |
) |
Depreciation and amortization....... |
$ |
18,520,703 |
|
$ |
30,401,488 |
|
$ |
3,151,619 |
|
$ |
1,622,454 |
|
$ |
53,696,264 |
|
Impairment of long-lived assets..... |
$ |
2,565,800 |
|
$ |
908,456 |
|
$ |
1,904,981 |
|
$ |
— |
|
$ |
5,379,237 |
|
Income tax provision..................... |
$ |
(184,523 |
) |
$ |
— |
|
$ |
— |
|
$ |
(2,492,984 |
) |
$ |
(2,677,507 |
) |
Net (loss) income.......................... |
$ |
(14,314,736 |
) |
$ |
(6,359,899 |
) |
$ |
(842,743 |
) |
$ |
14,666,800 |
|
$ |
(6,850,578 |
) |
Total expenditures for property, plant and equipment................. |
$ |
11,771,273 |
|
$ |
10,149,859 |
|
$ |
171,202 |
|
$ |
2,382,572 |
|
$ |
24,474,906 |
|
Three Months Ended September 30, 2015 |
|
|
|
|
|
Revenue from external customers... |
$ |
17,221,443 |
|
$ |
17,113,530 |
|
$ |
710,978 |
|
$ |
9,105,171 |
|
$ |
44,151,122 |
|
Revenue from related parties.......... |
$ |
1,300,158 |
|
$ |
30,953,556 |
|
$ |
9,788,692 |
|
$ |
2,965 |
|
$ |
42,045,371 |
|
Cost of revenue.............................. |
$ |
14,982,203 |
|
$ |
43,160,496 |
|
$ |
8,437,663 |
|
$ |
3,779,866 |
|
$ |
70,360,228 |
|
Selling, general and administrative expenses............................................... |
$ |
1,334,542 |
|
$ |
1,615,725 |
|
$ |
455,535 |
|
$ |
786,116 |
|
$ |
4,191,918 |
|
Earnings before interest, other expense, impairment, taxes and depreciation and amortization....... |
$ |
2,204,856 |
|
$ |
3,290,865 |
|
$ |
1,606,472 |
|
$ |
4,542,154 |
|
$ |
11,644,347 |
|
Other expense................................ |
$ |
1,424 |
|
$ |
101,082 |
|
$ |
(19,784 |
) |
$ |
59,307 |
|
$ |
142,029 |
|
Interest expense.............................. |
$ |
874,936 |
|
$ |
500,960 |
|
$ |
1,769 |
|
$ |
(1,210 |
) |
$ |
1,376,455 |
|
Interest income.............................. |
$ |
— |
|
$ |
— |
|
$ |
(290 |
) |
$ |
9 |
|
$ |
(281 |
) |
Depreciation and amortization....... |
$ |
6,122,697 |
|
$ |
10,271,765 |
|
$ |
1,041,058 |
|
$ |
523,912 |
|
$ |
17,959,432 |
|
Impairment of long-lived assets..... |
$ |
— |
|
$ |
908,456 |
|
$ |
— |
|
$ |
— |
|
$ |
908,456 |
|
Income tax provision..................... |
$ |
(210,495 |
) |
$ |
— |
|
$ |
— |
|
$ |
(4,040,148 |
) |
$ |
(4,250,643 |
) |
Net (loss) income.......................... |
$ |
(4,583,706 |
) |
$ |
(8,491,398 |
) |
$ |
583,719 |
|
$ |
8,000,284 |
|
$ |
(4,491,101 |
) |
Total expenditures for property, plant and equipment................. |
$ |
1,301,219 |
|
$ |
2,010,275 |
|
$ |
45,624 |
|
$ |
543,741 |
|
$ |
3,900,859 |
|
At September 30, 2015 |
|
|
|
|
|
Goodwill....................................... |
$ |
— |
|
$ |
86,131,395 |
|
$ |
— |
|
$ |
— |
|
$ |
86,131,395 |
|
Intangible assets, net..................... |
$ |
— |
|
$ |
32,905,579 |
|
$ |
— |
|
$ |
— |
|
$ |
32,905,579 |
|
Total Assets................................... |
$ |
136,285,219 |
|
$ |
286,576,048 |
|
$ |
35,008,151 |
|
$ |
36,085,070 |
|
$ |
493,954,488 |
|
|