Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:            
Net loss $ (40,901,000) $ 3,430,000   $ (88,131,000) $ (95,746,000)  
Adjustments to reconcile net loss to cash (used in) provided by operating activities:            
Stock based compensation       950,000 1,598,000  
Depreciation, depletion, accretion and amortization       60,559,000 73,130,000  
Amortization of coil tubing strings       0 359,000  
Amortization of debt origination costs       469,000 703,000  
Bad debt expense       41,650,000 2,306,000  
Gain on disposal of property and equipment       (4,632,000) (927,000)  
Impairment of goodwill 0 0 $ 55,000,000 0 54,973,000 $ 54,973,000
Impairment of other long-lived assets     12,897,000 547,000 12,897,000  
Deferred income taxes       (32,183,000) (7,334,000)  
Other       502,000 581,000  
Changes in assets and liabilities:            
Accounts receivable, net       (50,666,000) (11,707,000)  
Receivables from related parties       28,224,000 (31,152,000)  
Inventories       2,582,000 3,827,000  
Prepaid expenses and other assets       9,947,000 8,803,000  
Accounts payable       2,597,000 (5,211,000)  
Payables to related parties       2,000 (508,000)  
Accrued expenses and other liabilities       6,627,000 (3,166,000)  
Income taxes payable       5,192,000 (1,644,000)  
Net cash (used in) provided by operating activities       (15,764,000) 1,782,000  
Cash flows from investing activities:            
Purchases of property and equipment       (4,474,000) (5,873,000)  
Purchases of property and equipment from related parties       0 (76,000)  
Proceeds from disposal of property and equipment       9,581,000 4,859,000  
Net cash provided by (used in) investing activities       5,107,000 (1,090,000)  
Cash flows from financing activities:            
Borrowings on long-term debt       31,700,000 30,800,000  
Repayments of long-term debt       (33,571,000) (21,000,000)  
Proceeds from sale leaseback transaction       9,473,000 0  
Payments on sale leaseback transaction       (2,106,000) 0  
Principal payments on financing leases and equipment financing notes       (1,716,000) (1,423,000)  
Debt issuance costs       0 (1,000,000)  
Net cash provided by financing activities       3,780,000 7,377,000  
Effect of foreign exchange rate on cash       8,000 (57,000)  
Net change in cash and cash equivalents       (6,869,000) 8,012,000  
Cash and cash equivalents at beginning of period     $ 5,872,000 14,822,000 5,872,000 5,872,000
Cash and cash equivalents at end of period $ 7,953,000 $ 13,884,000   7,953,000 13,884,000 $ 14,822,000
Supplemental disclosure of cash flow information:            
Cash paid for interest       3,236,000 3,637,000  
Cash paid for income taxes, net of refunds received       978,000 13,000  
Supplemental disclosure of non-cash transactions:            
Purchases of property and equipment included in accounts payable and accrued expenses       $ 2,028,000 $ 2,032,000