Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

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Basis of Presentation and Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts Receivable
Following is a roll forward of the changes in our allowance for expected credit losses for the year ended December 31, 2023 and the six months ended June 30, 2024 (in thousands):

Balance, January 1, 2023 $ 3,587 
Change in provision for expected credit losses 47 
Recoveries of receivables previously charged to credit loss expense (638)
Write-offs charged against the provision (2,831)
Balance, December 31, 2023 165 
Change in provision for expected credit losses 171,089 
Recoveries of receivables previously charged to credit loss expense (13)
Write-offs charged against the provision (271)
Balance, June 30, 2024 $ 170,970 
Schedule of Concentration of Credit Risk and Significant Customers Following is a summary of our significant customers based on percentages of total accounts receivable balances at June 30, 2024 and December 31, 2023 and percentages of total revenues derived for the three and six months ended June 30, 2024 and 2023:
REVENUES ACCOUNTS RECEIVABLE
Three Months Ended June 30, Six Months Ended June 30, At June 30, At December 31,
2024 2023 2024 2023 2024 2023
Customer A(a)
14  % —  % 8  % 2  % —  % —  %
Customer B(b)
10  % 7  % 9  % 5  % 2  % 1  %
Customer C(c)
—  % 6  % —  % 12  % —  % —  %
Customer D(d)
—  % —  % —  % —  % 80  % 90  %
a.Customer A is a third-party customer. Revenues and the related accounts receivable balances earned from Customer A were derived from the Company’s well completion services segment.
b.Customer B is a third-party customer. Revenues and the related accounts receivable balances with Customer B was derived from the Company’s infrastructure services segment.
c.Customer C is a third-party customer. Revenues and the related accounts receivable balances earned from Customer C were derived from the Company’s well completion services segment.
d.Customer D is a third-party customer. The accounts receivable balances with Customer D was derived from the Company’s infrastructure services segment. Accounts receivable for Customer D also includes receivables due for interest charged on delinquent accounts receivable.