Subsequent Events - Additional Information (Details)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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Jul. 25, 2022
USD ($)
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Mar. 04, 2022
USD ($)
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Feb. 16, 2022
USD ($)
d
FLEET
Day
$ / shares
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Feb. 14, 2022
USD ($)
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Feb. 09, 2022
USD ($)
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Feb. 04, 2022
USD ($)
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Feb. 02, 2022
USD ($)
Day
FLEET
$ / shares
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Dec. 31, 2021
USD ($)
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Feb. 28, 2022
USD ($)
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Jan. 31, 2021
USD ($)
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Jun. 30, 2022
USD ($)
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Jun. 30, 2022
USD ($)
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Dec. 31, 2021
USD ($)
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Jul. 24, 2022
USD ($)
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Apr. 08, 2022
USD ($)
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Mar. 31, 2022
USD ($)
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Mar. 30, 2022
USD ($)
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Jan. 31, 2022
USD ($)
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Dec. 31, 2020
USD ($)
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Subsequent Event [Line Items] |
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Maximum borrowing capacity |
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$ 100,000,000
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$ 146,200,000
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$ 146,200,000
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Total gross debt |
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306,695,000
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$ 495,045,000
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$ 495,045,000
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306,695,000
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$ 281,533,000
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Letters of credit outstanding amount |
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3,100,000
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3,100,000
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Remaining credit facility |
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1,900,000
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1,900,000
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Loss on extinguishment of debt |
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(8,822,000)
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(17,095,000)
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(515,000)
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Operating lease payments |
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5,251,000
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Adjustments of working capital |
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$ 10,000,000
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Term Loan [Member] |
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Subsequent Event [Line Items] |
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Total gross debt |
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171,355,000
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[1] |
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171,355,000
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[1] |
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$ 137,355,000
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Alpine Promissory Note [Member] |
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Subsequent Event [Line Items] |
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Total gross debt |
[1],[2] |
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16,717,000
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16,717,000
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T H R C Holdings [Member] |
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Subsequent Event [Line Items] |
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Rights agreement amount |
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$ 8,100,000
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Cash consideration |
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30,000,000
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Munger Ranch |
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Subsequent Event [Line Items] |
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Percentage of issued and outstanding membership interests |
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1.50%
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Cash consideration |
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$ 30,000,000
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$ 30,000
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Munger Ranch | T H R C Holdings [Member] |
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Subsequent Event [Line Items] |
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Rights agreement amount |
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8,100,000
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Cash consideration |
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30,000,000
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Flotek Industries, Inc |
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Subsequent Event [Line Items] |
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Minimum number of hydraulic fleets | FLEET |
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10
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Term of agreement on hydraulic fleets |
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10 years
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3 years
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Percentage of margin for agreement |
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7.00%
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Number of hydraulic fleets increased | FLEET |
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30
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Sale of stock, description of transaction |
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The Flotek Supply Agreement Amendment includes a minimum annual volume commitment whereby we will be obligated to pay Flotek liquidated damages equal to 25% of the shortfall for such year, should we fail to meet the minimum purchase amount
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Percentage of accrued paid-in-kind interest rate |
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10.00%
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Debt instrument, term |
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1 year
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Weighted average trading price | $ / shares |
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$ 2.5
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Debt instrument, face amount |
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$ 20,000,000
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Flotek Industries, Inc | Debt Instrument, Redemption, Period One [Member] |
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Subsequent Event [Line Items] |
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Debt instrument, convertible, conversion price | $ / shares |
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$ 1.088125
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$ 1.088125
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Debt instrument, convertible, threshold trading days | Day |
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20
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Debt instrument, convertible, threshold consecutive trading days | Day |
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30
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Flotek Industries, Inc | Debt Instrument, Redemption, Period Two [Member] |
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Subsequent Event [Line Items] |
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Debt instrument, convertible, conversion price | $ / shares |
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$ 1.088125
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Weighted average trading price | $ / shares |
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$ 2.5
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Debt instrument, convertible, threshold trading days | d |
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20
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Debt instrument, convertible, threshold consecutive trading days | d |
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30
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Flotek Industries, Inc | Debt Instrument, Redemption, Period Three [Member] |
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Subsequent Event [Line Items] |
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Debt instrument, convertible, conversion price | $ / shares |
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$ 0.8705
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F T S International Inc [Member] |
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Subsequent Event [Line Items] |
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Purchase price |
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405,700,000
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Equity interest |
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72,900,000
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Cash consideration |
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332,800,000
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Wilks Development L L C [Member] |
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Subsequent Event [Line Items] |
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Cash consideration |
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$ 44,400,000
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Operating lease payments |
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51,600,000
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New ABL Credit Facility |
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Subsequent Event [Line Items] |
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Maximum borrowing capacity |
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200,000,000
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200,000,000
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$ 200,000,000
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Total gross debt |
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143,400,000
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143,400,000
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Letters of credit outstanding amount |
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9,200,000
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9,200,000
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Remaining credit facility |
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$ 47,400,000
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$ 47,400,000
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Credit facility, expiration date |
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Mar. 04, 2027
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Interest rate stated percentage |
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5.50%
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5.50%
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Private Placement [Member] | Flotek Industries, Inc |
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Subsequent Event [Line Items] |
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Principal amount of notes |
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$ 10,000,000
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New Term Loan Credit Facility |
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Subsequent Event [Line Items] |
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Maximum borrowing capacity |
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$ 450,000,000
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Debt instrument, face amount |
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$ 302,400,000
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Interest rate stated percentage |
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10.00%
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10.00%
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Debt instrument maturity date |
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Mar. 04, 2025
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Basis spread on variable rate |
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2.00%
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New Term Loan Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
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Subsequent Event [Line Items] |
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Basis spread on variable rate |
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1.00%
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Accruel interest |
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8.50%
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New Term Loan Credit Facility | Maximum [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
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Subsequent Event [Line Items] |
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Basis spread on variable rate |
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8.00%
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New Term Loan Credit Facility | Minimum [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
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Subsequent Event [Line Items] |
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Basis spread on variable rate |
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6.50%
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Unsecured Promissory Note [Member] | F H E U S A L L C [Member] |
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Subsequent Event [Line Items] |
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Debt instrument, face amount |
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$ 1,300,000
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Interest rate stated percentage |
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5.00%
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Debt instrument maturity date |
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Feb. 14, 2027
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Subsequent Event |
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|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 158,900,000
|
|
|
Cash acquired from acquisition |
|
|
|
$ 3,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred units purchased |
|
|
|
|
|
|
|
|
4,400,000
|
|
|
|
|
|
4,400,000
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 44,400,000
|
|
|
|
|
|
|
|
Subsequent Event | Term Loan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
$ 48,000,000
|
|
|
|
|
|
|
|
|
|
|
|
Credit facility, expiration date |
|
|
|
|
|
|
|
|
|
|
Mar. 04, 2022
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Alpine Promissory Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss on extinguishment of debt |
|
|
$ 8,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Munger Ranch | T H R C Holdings [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rights agreement amount |
|
|
|
|
|
|
8,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
$ 30,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Basin Units Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity interest |
|
|
|
|
|
$ 46,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Flotek Industries, Inc |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Minimum number of hydraulic fleets | FLEET |
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term of agreement on hydraulic fleets |
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of margin for agreement |
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term of agreement increased on hydraulic fleets |
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of hydraulic fleets increased | d |
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of stock, description of transaction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Flotek Supply Agreement Amendment includes a minimum annual volume commitment whereby we will be obligated to pay Flotek liquidated damages equal to 25% of the shortfall for such year, should we fail to meet the minimum purchase amount.
|
|
|
|
|
|
|
|
Percentage of accrued paid-in-kind interest rate |
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Flotek Industries, Inc | Debt Instrument, Redemption, Period One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, conversion price | $ / shares |
|
|
|
$ 1.088125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Flotek Industries, Inc | Debt Instrument, Redemption, Period Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average trading price | $ / shares |
|
|
|
$ 2.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold trading days | Day |
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold consecutive trading days | Day |
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Flotek Industries, Inc | Debt Instrument, Redemption, Period Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, conversion price | $ / shares |
|
|
|
$ 0.8705
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Flotek Industries, Inc | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal amount of notes |
|
|
|
$ 50,000,000
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | F T S International Inc [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
407,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity interest |
|
|
72,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
334,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Wilks Development L L C [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 51,600,000
|
|
|
|
|
|
|
|
Subsequent Event | Monahans [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of issued and outstanding membership interests |
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
$ 90,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | New ABL Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
300,000,000
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000,000
|
$ 100,000
|
|
$ 100,000,000
|
|
|
Additional borrowing capacity |
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross debt |
|
|
|
|
|
|
|
|
70,700,000
|
|
|
|
|
|
70,700,000
|
|
|
|
|
|
|
|
Letters of credit outstanding amount |
|
|
|
|
|
|
|
|
9,200,000
|
|
|
|
|
|
9,200,000
|
|
|
|
|
|
|
|
Remaining credit facility |
|
|
|
|
|
|
|
|
$ 20,100,000
|
|
|
|
|
|
$ 20,100,000
|
|
|
|
|
|
|
|
Credit facility, expiration date |
|
Mar. 04, 2025
|
Mar. 04, 2027
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%
|
|
|
|
Subsequent Event | Best Flow Credit Facility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit facility, expiration date |
|
|
|
|
|
|
|
|
Mar. 04, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Best Flow Credit Facility [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000,000
|
|
Subsequent Event | Best Flow Credit Facility [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,000,000
|
|
Subsequent Event | New Term Loan Facility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
$ 150,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional borrowing capacity |
|
100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Private Placement [Member] | Flotek Industries, Inc |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal amount of notes |
|
|
|
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Series A-1 & B-1 preferred units | Basin Units Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity interest |
|
|
|
|
|
40,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | Series B-1 preferred units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity interest |
|
|
|
|
|
$ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | New Term Loan Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity |
|
$ 100,000,000
|
$ 450,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate stated percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.50%
|
|
|
|
Debt instrument maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 04, 2025
|
|
|
|
|
|
|
|
Subsequent Event | New Term Loan Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basis spread on variable rate |
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruel interest |
|
|
8.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | New Term Loan Credit Facility | Maximum [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basis spread on variable rate |
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event | New Term Loan Credit Facility | Minimum [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Line Items] |
|
|
|
|
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|
|
Basis spread on variable rate |
|
|
6.50%
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Subsequent Event | Back Stop Note | THRC Holdings L P [Member] |
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Subsequent Event [Line Items] |
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|
Debt instrument, face amount |
|
|
$ 22,000,000
|
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|
Interest rate stated percentage |
|
|
1.74%
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Long-term debt, maturity period |
|
|
2027-03
|
|
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Subsequent Event | Closing Date Note | THRC Holdings L P [Member] |
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|
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|
Subsequent Event [Line Items] |
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|
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|
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|
|
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|
|
|
|
|
|
|
|
|
|
Debt instrument, face amount |
|
|
$ 22,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate stated percentage |
|
|
1.74%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt, maturity period |
|
|
2027-03
|
|
|
|
|
|
|
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|
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|
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Subsequent Event | Equify Bridge Note |
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|
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|
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|
|
Subsequent Event [Line Items] |
|
|
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|
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|
|
|
|
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|
|
|
Debt instrument, face amount |
|
|
$ 45,800,000
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Interest rate stated percentage |
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt, maturity period |
|
|
2027-03
|
|
|
|
|
|
|
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