| Schedule of Related Party Transactions |
Transactions between the subsidiaries of the Company and the following companies are included in Related Party Transactions: Gulfport; Grizzly Oil Sands ULC (“Grizzly”); Taylor Frac LLC (“Taylor”); El Toro ("El Toro"); Stingray Cementing, LLC ("Cementing"); Diamondback E&P, LLC ("Diamondback"); Stingray Energy Services, LLC ("SR Energy"); Everest Operations Management, LLC ("Everest"); Elk City Yard, LLC ("Elk City Yard"); Double Barrel Downhole Technologies, LLC ("DBDHT"); Orange Leaf Holdings LLC ("Orange Leaf"); Caliber Investment Group, LLC ("Caliber"); and Dunvegan North Oilfield Services ULC (“Dunvegan”).
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REVENUES |
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ACCOUNTS RECEIVABLE |
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Years Ended December 31, |
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At December 31, |
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2016 |
2015 |
2014 |
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2016 |
2015 |
Pressure Pumping and Gulfport |
(a) |
$ |
102,389,505 |
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$ |
124,311,189 |
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$ |
12,635,148 |
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$ |
19,094,509 |
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$ |
16,218,713 |
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Muskie and Gulfport |
(b) |
25,783,253 |
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38,181,970 |
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3,133,822 |
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5,373,007 |
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6,801,548 |
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Muskie and Taylor |
(c) |
2,540,050 |
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335,252 |
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111,398 |
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70,470 |
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128,834 |
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Panther Drilling and Gulfport |
(d) |
3,011,259 |
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3,703,140 |
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8,302,362 |
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1,434,036 |
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973,873 |
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Energy Services and Gulfport |
(e) |
— |
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2,548,418 |
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1,473,094 |
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— |
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547,570 |
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Lodging and Grizzly |
(f) |
5,412 |
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941,552 |
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3,809,538 |
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274 |
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906 |
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Bison Drilling and El Toro |
(g) |
371,873 |
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521,121 |
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— |
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— |
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— |
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Panther Drilling and El Toro |
(g) |
171,619 |
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192,485 |
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989,484 |
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— |
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— |
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Bison Trucking and El Toro |
(g) |
130,000 |
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144,905 |
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— |
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— |
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— |
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White Wing and El Toro |
(g) |
20,431 |
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12,719 |
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— |
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— |
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— |
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Energy Services and El Toro |
(h) |
530,477 |
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168,356 |
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— |
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108,386 |
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— |
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Barracuda and Taylor |
(i) |
452,378 |
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122,131 |
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— |
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199,413 |
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11,818 |
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MRI and Cementing |
(j) |
820 |
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8,973 |
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— |
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820 |
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8,973 |
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White Wing and Diamondback |
(k) |
1,650 |
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— |
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— |
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— |
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— |
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Coil Tubing and El Toro |
(l) |
318,694 |
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— |
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— |
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— |
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— |
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Coil Tubing and SR Energy |
(m) |
18,600 |
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— |
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— |
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— |
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— |
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Pressure Pumping and Cementing |
(n) |
7,364 |
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— |
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— |
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950,678 |
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198,076 |
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Silverback and SR Energy |
(o) |
11,356 |
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— |
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— |
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12,181 |
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193,064 |
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Panther and DBDHT |
(p) |
157,940 |
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— |
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— |
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100,450 |
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— |
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Panther and Diamondback |
(q) |
— |
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— |
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168,673 |
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— |
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— |
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Bison Drilling and Diamondback |
(q) |
— |
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— |
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232,299 |
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— |
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— |
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Bison Trucking and Diamondback |
(q) |
— |
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— |
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3,176,607 |
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— |
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— |
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Energy Services and Pressure Pumping |
(r) |
— |
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— |
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47,216 |
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— |
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— |
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Muskie and Pressure Pumping |
(s) |
— |
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— |
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6,245,323 |
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— |
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— |
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Other Relationships |
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— |
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— |
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— |
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715,341 |
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560,406 |
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$ |
135,922,681 |
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$ |
171,192,211 |
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$ |
40,324,964 |
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$ |
28,059,565 |
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$ |
25,643,781 |
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a. |
Pressure Pumping provides pressure pumping, stimulation and related completion services to Gulfport. |
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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. |
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c. |
Taylor, an entity under common ownership with the Company and managed by the Company, has purchased natural sand proppant from Muskie. Natural sand proppant is sold to Taylor at a market-based per ton arrangement on an as-needed basis. |
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d. |
Panther Drilling performs drilling services for Gulfport pursuant to a master service agreement. |
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e. |
Energy Services performs completion and production services for Gulfport pursuant to a master service agreement. |
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f. |
Lodging provides remote accommodation and food services to Grizzly, an entity owned approximately 75% by affiliates of Wexford and approximately 25% by Gulfport.
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g. |
The contract land and directional drilling segment provides services for El Toro, an entity controlled by Wexford, pursuant to a master service agreement. |
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h. |
Energy Services performs completion and production services for El Toro pursuant to a master service agreement. |
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i. |
Barracuda receives fees from Taylor for the usage of its rail transloading facility. |
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j. |
MRI provides iron inspection services to Cementing. |
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k. |
White Wing provides rental services to Diamondback. |
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l. |
Coil Tubing provides El Toro services in connection with completion activities. |
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m. |
Coil Tubing provides rental services to SR Energy. |
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n. |
Pressure Pumping provides services and materials to Cementing. |
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o. |
Silverback provides services and materials to SR Energy. |
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p. |
Panther provides services and materials to DBDHT. |
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q. |
The contract land and directional drilling segment performed drilling services and sold or leased goods, equipment or facilities to Diamondback to a master service agreement. |
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r. |
Prior to the acquisition of the Stingray Entities, Energy Services rented equipment from Pressure Pumping. |
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s. |
Prior to the acquisition of the Stingray Entities, Muskie sold natural sand proppant to Pressure Pumping. |
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COST OF REVENUE |
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ACCOUNTS PAYABLE |
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Years Ended December 31, |
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At December 31, |
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2016 |
2015 |
2014 |
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2016 |
2015 |
Pressure Pumping and Taylor |
(a) |
$ |
4,256,832 |
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$ |
2,685,202 |
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$ |
1,029,974 |
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$ |
— |
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$ |
17,552 |
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Muskie and Taylor |
(a) |
20,586,715 |
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20,510,977 |
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867,428 |
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2,119,084 |
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6,505,833 |
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Barracuda and Taylor |
(b) |
255,029 |
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81,039 |
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— |
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111,738 |
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26,720 |
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Panther and DBDHT |
(c) |
48,998 |
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101,206 |
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250,322 |
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— |
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48,998 |
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Bison Trucking and Diamondback |
(d) |
169,886 |
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165,951 |
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112,330 |
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— |
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12,077 |
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Energy Services and Elk City Yard |
(e) |
106,800 |
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106,800 |
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— |
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— |
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— |
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Barracuda and SR Energy |
(f) |
30,722 |
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— |
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— |
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6,279 |
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— |
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Stingray Entities and Taylor |
(g) |
— |
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32,261 |
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— |
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— |
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32,261 |
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Stingray Entities and SR Energy |
(h) |
679,550 |
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932,896 |
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42,545 |
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161,065 |
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12,208 |
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Lodging and Dunvegan |
(i) |
8,574 |
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71,980 |
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116,805 |
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3,199 |
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304,746 |
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Bison Drilling and El Toro |
(j) |
5,000 |
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— |
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— |
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— |
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— |
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Silverback and SR Energy |
(k) |
13,701 |
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— |
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— |
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6,801 |
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— |
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Muskie and Everest |
(l) |
— |
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— |
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1,969,439 |
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— |
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— |
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Bison Drilling and Everest |
(l) |
— |
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— |
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218,589 |
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— |
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— |
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Muskie and Hopedale |
(m) |
2,455 |
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— |
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453,080 |
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— |
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— |
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$ |
26,164,262 |
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$ |
24,688,312 |
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$ |
5,060,512 |
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$ |
2,408,166 |
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$ |
6,960,395 |
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SELLING, GENERAL AND ADMINISTRATIVE COSTS |
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Consolidated and Everest |
(l) |
$ |
251,122 |
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$ |
495,320 |
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$ |
2,297,106 |
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$ |
12,668 |
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$ |
28,528 |
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Consolidated and Taylor |
(n) |
160,622 |
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287,403 |
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— |
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— |
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— |
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Consolidated and Wexford |
(o) |
380,551 |
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381,070 |
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457,771 |
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13,197 |
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9,006 |
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Mammoth and Orange Leaf |
(p) |
102,515 |
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49,892 |
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— |
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— |
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— |
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Pressure Pumping and Caliber |
(q) |
— |
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24,306 |
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— |
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— |
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— |
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$ |
894,810 |
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$ |
1,237,991 |
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$ |
2,754,877 |
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$ |
25,865 |
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$ |
37,534 |
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$ |
2,434,031 |
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$ |
6,997,929 |
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a. |
Taylor, an entity under common ownership with the Company and managed by the Company, sells natural sand proppant to Muskie and Pressure Pumping. Natural sand proppant is sold to Muskie at a market-based per ton arrangement on an as-needed basis to supplement sand provided by its facility (when in operation) if any orders placed by its customers are not able to be readily fulfilled, either because of volume or specific grades of sand requested.
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b. |
From time to time, Barracuda pays for goods and services on behalf of Taylor. |
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c. |
Panther rents rotary steerable equipment in connection with its directional drilling services from DBDHT. |
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d. |
Bison Trucking leases office space from Diamondback in Midland, Texas. The office space is leased through early 2017. |
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e. |
Energy Services leases property from Elk City Yard. |
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f. |
From time to time, Barracuda rents equipment from SR Energy. |
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g. |
The Stingray Entities utilizes Taylor's transload facility. |
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h. |
Pressure Pumping rents equipment from SR Energy. |
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i. |
Dunvegan provides technical and administrative services and pays for goods and services on behalf of Lodging. |
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j. |
Bison Drilling leases space from El Toro for storage of a rig. |
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k. |
Silverback rents equipment from SR Energy. |
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l. |
Everest has historically provided office space and certain technical, administrative and payroll services to the Company and the Company has reimbursed Everest in amounts determined by Everest based on estimates of the amount of office space provided and the amount of employees’ time spent performing services for the Company. In 2014, Everest provided personnel to support operational functions in addition to significant technical and advisory support. |
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m. |
Muskie utilizes Hopedale's transload facility. |
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n. |
Taylor provides certain administrative and analytical services to the Company. |
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o. |
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. |
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p. |
Orange Leaf leases office space to Mammoth Inc. |
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q. |
Caliber leases office space to Pressure Pumping. |
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