Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.19.3.a.u2
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Following is a summary of related party transactions (in thousands):
 
 
REVENUES
 
ACCOUNTS RECEIVABLE
 
 
Years Ended December 31,
 
At December 31,
 
 
2019
2018
2017
 
2019
2018
Stingray Pressure Pumping and Gulfport
(a)
$
90,357

$
96,013

$
144,473

 
$
5,950

$
8,175

Muskie and Gulfport
(b)
27,689

25,050

42,956

 
1,141

1,193

SR Energy and Gulfport
(c)
8,772

14,717

10,129

 
156

1,658

Aquahawk and Gulfport
(d)
828



 


Panther and Gulfport
(e)

44

3,253

 


Cementing and Gulfport
(f)

5,853

7,410

 


Cobra Aviation/ARS/Leopard and Brim Equipment
(g)
2,093



 
235


Panther and El Toro
(h)
573

918

96

 

64

Other Relationships
 
1

638

703

 
41

74

 
 
$
130,313

$
143,233

$
209,020

 
$
7,523

$
11,164


a.
Stingray Pressure Pumping provides pressure pumping, stimulation and related completion services to Gulfport.
b.
Muskie has agreed to sell and deliver, and Gulfport has agreed to purchase, specified annual and monthly amounts of natural sand proppant, subject to certain exceptions specified in the agreement, and pay certain costs and expenses.
c.
SR Energy provides rental services for Gulfport.
d.
Aquahawk provides water transfer services for Gulfport pursuant to a master services agreement.
e.
Panther performs drilling services for Gulfport pursuant to a master service agreement.
f.
Cementing performs well cementing services for Gulfport.
g.
Cobra Aviation, ARS and Leopard lease helicopters to Brim Equipment pursuant to aircraft lease and management agreements.
h.
Panther provides directional drilling services for El Toro, an affiliate of Wexford, pursuant to a master service agreement.
 
 
COST OF REVENUE
 
ACCOUNTS PAYABLE
 
 
Years Ended December 31,
 
At December 31,
 
 
2019
2018
2017
 
2019
2018
Cobra Aviation/ARS/Leopard and Brim Equipment
(a)
4,720



 
433


Cobra and T&E
(b)

4,042

610

 


Higher Power and T&E
(b)

1,603

25

 


Panther and DBDHT
(c)

240

196

 

240

The Company and 2017 Stingray Companies
(d)


432

 


Other Relationships
 
50


145

 


 
 
$
4,770

$
5,885

$
1,408

 
$
433

$
240

 
 
 
 
 
 
 
 
 
 
SELLING, GENERAL AND ADMINISTRATIVE COSTS
 
 
 
The Company and Wexford
(e)
650

992

892

 
1

100

The Company and Caliber
(f)
785

648

335

 
7

3

Cobra Aviation/ARS/Leopard and Brim Equipment
(a)
233



 


Other Relationships
 
179

258

254

 
9

27

 
 
$
1,847

$
1,898

$
1,481

 
$
17

$
130

 
 
 
 
 
 
 
 
 
 
CAPITAL EXPENDITURES
 
 
 
Leopard and Brim Equipment
(a)
420



 
76


Cobra and T&E
(b)

1,247

629

 


Higher Power and T&E
(b)

2,960

1,380

 


 
 
$
420

$
4,207

$
2,009

 
$
76

$

 
 
 
 
 
 
$
526

$
370

a.
Cobra Aviation, ARS and Leopard lease helicopters to Brim Equipment pursuant to aircraft lease and management agreements.
b.
Cobra and Higher Power purchased materials and services from T&E, an entity in which a member of management's family owned a minority interest. T&E ceased to be a related party as of September 30, 2018.
c.
Panther rents rotary steerable equipment in connection with its directional drilling services from DBDHT, an affiliate of Wexford.
d.
Prior to the 2017 Stingray Acquisition, the 2017 Stingray Companies provided certain services to the Company and, from time to time, the 2017 Stingray Companies paid for goods and services on behalf of the Company.
e.
Wexford provides certain administrative and analytical services to the Company and, from time to time, the Company pays for goods and services on behalf of Wexford.
f.
The Company leases office space from Caliber, an entity controlled by Wexford.