Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.5.0.2
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
 
 
REVENUES
 
ACCOUNTS RECEIVABLE
 
 
Nine Months Ended September 30,
 
At September 30,
At December 31,
 
 
2016
2015
 
2016
2015
Pressure Pumping and Gulfport
(a)
$
73,547,397

$
98,708,029

 
$
19,184,777

$
16,218,713

Muskie and Gulfport
(b)
17,788,581

31,082,026

 
3,604,188

6,801,548

Panther Drilling and Gulfport
(c)
1,685,872

2,865,267

 
477,350

973,873

Energy Services and Gulfport
(d)

2,060,374

 

547,570

Lodging and Grizzly
(e)
5,412

941,552

 
4,065

906

Bison Drilling and El Toro
(f)
371,873

521,121

 


Muskie and Taylor
(g)
2,504,318

291,221

 

128,834

Panther Drilling and El Toro
(f)
171,619

192,485

 


Energy Services and El Toro
(h)
405,048


 
132,422


Bison Trucking and El Toro
(f)
130,000

144,905

 


Barracuda and Taylor
(i)
188,111

106,417

 

11,818

White Wing and El Toro
(f)
20,431

12,719

 


MRI and Cementing
(j)

8,973

 

8,973

White Wing and Diamondback
(k)
1,650


 


Coil Tubing and El Toro
(l)
318,694


 


Coil Tubing and SR Energy
(m)
9,000


 
9,000


Pressure Pumping and SR Energy
(n)
6,960


 
693,824

198,076

Pressure Pumping and Cementing
(o)
5,057


 
404,026

193,064

Other Relationships
 


 
1,331,711

560,406

 
 
$
97,160,023

$
136,935,089

 
$
25,841,363

$
25,643,781

a.
Pressure Pumping provides pressure pumping, stimulation and related completion services to Gulfport, dedicating two spreads and related equipment for the performance of these services.
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.
Panther Drilling performs drilling services for Gulfport pursuant to a master service agreement.
d.
Energy Services performs completion and production services for Gulfport pursuant to a master service agreement.
e.
Lodging provides remote accommodation and food services to Grizzly, an entity owned approximately 75% by affiliates of Wexford and approximately 25% by Gulfport.
f.
The contract land and directional drilling segment provides services for El Toro, an entity controlled by Wexford, pursuant to a master service agreement.
g.
Taylor, an entity under common ownership with the Partnership, 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.
h.
Energy Services performs completion and production services for El Toro pursuant to a master service agreement.
i.
Barracuda receives fees from Taylor for the usage of its rail transloading facility.
j.
MRI provides iron inspection services to Cementing.
k.
White Wing provides rental services to Diamondback.
l.
Coil Tubing provides to El Toro services in connection with completion and drilling activities.
m.
Coil Tubing provides rental services to SR Energy.
n.
Pressure Pumping provides services and materials to SR Energy.
o.
Pressure Pumping provides services and materials to Cementing.
 
 
COST OF REVENUE
 
ACCOUNTS PAYABLE
 
 
Nine Months Ended September 30,
 
At September 30,
At December 31,
 
 
2016
2015
 
2016
2015
Pressure Pumping and Taylor
(a)
$
4,256,832

$
2,659,524

 
$
119,198

$
17,552

Muskie and Taylor
(a)
14,783,738

16,814,982

 
8,065,149

6,505,833

Barracuda and Taylor
(b)
160,320


 
72,236

26,720

Panther and DBDHT
(c)
48,998


 

48,998

Bison Trucking and Diamondback
(d)
127,556

122,816

 

12,077

Energy Services and Elk City Yard
(e)
80,100

80,100

 


Barracuda and SR Energy
(f)
20,980


 
12,453


Stingray Entities and Taylor
(g)


 

32,261

Stingray Entities and SR Energy
(h)
492,296

665,285

 

12,208

Lodging and Dunvegan
(i)
8,574

65,874

 
1,310

304,746

Bison Trucking and El Toro
(j)
5,000


 


Silverback and SR Energy
(k)
3,575


 


 
 
$
19,987,969

$
20,408,581

 
$
8,270,346

$
6,960,395

 
 
 
 
 
 
 
 
 
SELLING, GENERAL AND ADMINISTRATIVE COSTS
 
 
 
Consolidated and Everest
(l)
$
181,615

$
375,961

 
$
14,931

$
28,528

Consolidated and Taylor
(m)
108,836

130,488

 


Consolidated and Wexford
(n)
183,051

262,056

 
8,291

9,006

Mammoth and Orange Leaf
(o)
73,005


 


Pressure Pumping and Caliber
(p)


 


 
 
$
546,507

$
768,505

 
$
23,222

$
37,534

 
 
 
 
 
$
8,293,568

$
6,997,929

a.
Taylor has historically sold 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.
b.
From time to time, Barracuda pays for goods and services on behalf of Taylor.
c.
Panther rents rotary steerable equipment in connection with its directional drilling services from DBDHT.
d.
Bison Trucking leases office space from Diamondback in Midland, Texas. The office space is leased through early 2017.
e.
Energy Services leases property from Elk City Yard.
f.
From time to time, Barracuda pays for goods and services on behalf of SR Energy.
g.
The Stingray Entities utilizes Taylor's transload facility.
h.
Pressure Pumping rents equipment from SR Energy.
i.
Dunvegan provides technical and administrative services and pays for goods and services on behalf of the Partnership.
j.
Bison Trucking leases space from El Toro for storage of a rig.
k.
Silverback rents equipment from SR Energy.
l.
Everest has historically provided office space and certain technical, administrative and payroll services to the Partnership and the Partnership 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 Partnership.
m.
Taylor provides certain administrative and analytical services to the Partnership.
n.
Wexford provides certain administrative and analytical services to the Partnership and, from time to time, the Partnership pays for goods and services on behalf of Wexford.
o.
Orange Leaf leases office space to Mammoth.
p.
Caliber leases office space to Pressure Pumping.