Acquisitions and Investments - Additional Information (Details) $ / shares in Units, $ in Thousands |
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1 Months Ended |
3 Months Ended |
4 Months Ended |
9 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 ($)
d
Fleet
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Feb. 14, 2022
USD ($)
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Feb. 04, 2022
USD ($)
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Feb. 02, 2022
USD ($)
d
Fleet
Director
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Dec. 22, 2020
USD ($)
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Jun. 30, 2022
USD ($)
$ / shares
shares
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May 31, 2022
USD ($)
Director
shares
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Dec. 31, 2021
USD ($)
$ / shares
shares
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Oct. 31, 2021
USD ($)
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Jan. 31, 2021
USD ($)
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Sep. 30, 2022
USD ($)
$ / shares
shares
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Jun. 30, 2022
$ / shares
shares
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Mar. 31, 2022
USD ($)
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Dec. 23, 2021
USD ($)
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Sep. 30, 2021
USD ($)
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May 17, 2022
USD ($)
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Sep. 30, 2022
USD ($)
$ / shares
shares
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Sep. 30, 2021
USD ($)
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May 12, 2022
$ / shares
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Feb. 09, 2022
USD ($)
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Business Acquisition [Line Items] |
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Revenues |
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$ 696,730
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$ 195,931
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$ 1,631,554
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$ 520,336
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Pretax earnings |
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(151,519)
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13,905
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(250,602)
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48,808
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Noncash income |
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(928)
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$ (92)
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8,292
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$ 148
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Preferred units purchased |
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Noncontrolling interests |
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1,039
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81,819
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81,819
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Property, plant and equipment |
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$ 363,687
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$ 821,209
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$ 821,209
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Common Class A |
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Business Acquisition [Line Items] |
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Common stock, shares authorized | shares |
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600,000,000
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600,000,000
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600,000,000
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Common stock, par value | $ / shares |
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$ 0.01
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$ 0.01
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$ 0.01
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IPO | Common Class A |
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Business Acquisition [Line Items] |
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Common stock, par value | $ / shares |
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$ 0.01
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Common Stock | IPO | Common Class A |
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Business Acquisition [Line Items] |
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Issuance of shares, Shares | shares |
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18,228,000
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THRC Holdings |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 30,000
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Rights agreement amount |
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8,100
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FTS International, Inc | THRC Holdings | FTSI Merger Agreement |
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Business Acquisition [Line Items] |
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Ownership percentage |
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19.50%
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Percentage of distributed equity owned by related parties |
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50.00%
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FTS International, Inc | Farris Wilks | FTSI Merger Agreement |
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Business Acquisition [Line Items] |
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Percentage of distributed equity owned by related parties |
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50.00%
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Eagleton Venture Inc | Eagleton Right Agreement |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 3,900
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Ownership percentage |
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15.172%
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FTS International, Inc |
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Business Acquisition [Line Items] |
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Purchase price |
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$ 405,700
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Cash consideration |
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332,800
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Equity interest |
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$ 72,900
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Revenues |
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$ 48,600
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Pretax earnings |
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100
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FTS International, Inc | Selling, General, and Administrative |
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Business Acquisition [Line Items] |
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Acquisition related costs |
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3,700
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Severance costs |
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$ 9,300
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FTS International, Inc | FTSI Merger Agreement | Pro Frac L L C |
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Business Acquisition [Line Items] |
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Percentage of acquired equity distributed by subsidiaries |
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80.50%
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Flotek Industries, Inc. |
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Business Acquisition [Line Items] |
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Revenues |
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$ 21,200
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Pretax earnings |
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$ 21,100
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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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3 years
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Percentage of margin for agreement |
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7.00%
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Number of new directors | Director |
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2
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Term of agreement increased on hydraulic fleets |
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10 years
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Number of hydraulic fleets increased | Fleet |
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30
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Number of additional directors | Director |
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2
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Percentage of loss allocated noncontrolling interests |
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100.00%
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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. At May 17, 2022, we had a supply agreement contract liability of $9.9 million, which was included as purchase consideration for Flotek as a settlement of a pre-existing relationship. All effects of the Supply Agreement have been eliminated from our consolidated financial statements subsequent to May 17, 2022.
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Supply agreement contract liability |
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$ 9,874
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$ 9,900
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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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$ 2.50
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Debt instrument, face amount |
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$ 20,000
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Noncash income |
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10,200
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Common stock, shares authorized | shares |
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13,100,000
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13,100,000
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Common stock, par value | $ / shares |
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$ 0.0001
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$ 0.0001
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Payments for repurchase of common stock |
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$ 19,500
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Stock consideration payable |
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$ 4,500
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Estimated fair value of convertible notes |
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$ 30,220
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$ 30,200
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Flotek Industries, Inc. | Debt Instrument, Redemption, Period One |
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Business Acquisition [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 | 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 Two |
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Business Acquisition [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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$ 2.50
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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 |
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Business Acquisition [Line Items] |
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Debt instrument, convertible, conversion price | $ / shares |
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$ 0.8705
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Flotek Industries, Inc. | Maximum |
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Business Acquisition [Line Items] |
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Number of new directors | Director |
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4
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Flotek Industries, Inc. | Pro Frac L L C |
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Business Acquisition [Line Items] |
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Percentage of equity interest |
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17.00%
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43.00%
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Flotek Industries, Inc. | Private Offering |
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Business Acquisition [Line Items] |
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Convertible notes payable |
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$ 10,000
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Flotek Industries, Inc. | Common Stock |
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Business Acquisition [Line Items] |
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Convertible notes payable |
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$ 50,000
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$ 10,000
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Monahans |
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Business Acquisition [Line Items] |
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Purchase price |
$ 97,700
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Percentage of outstanding shares of common stock |
100.00%
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Basin Production and Completion LLC |
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Business Acquisition [Line Items] |
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Preferred units purchased |
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$ 4,200
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$ 46,000
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Percentage of preferred unit purchased |
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20.00%
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Investment |
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$ 49,800
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$ 49,800
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Basin Production and Completion LLC | A-1 and B-1 Preferred Units |
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Business Acquisition [Line Items] |
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Preferred units purchased |
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40,000
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Basin Production and Completion LLC | Selling Holders of B-1 Preferred Units |
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Business Acquisition [Line Items] |
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Preferred units purchased |
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$ 6,000
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Basin Production and Completion LLC | FHE USA LLC |
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Business Acquisition [Line Items] |
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Loan made |
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$ 1,250
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Interest rate effective 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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EKU |
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Business Acquisition [Line Items] |
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Noncontrolling interests |
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$ 1,200
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$ 1,200
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Percentage of equity purchased |
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25.00%
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Net working capital |
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2,500
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Property, plant and equipment |
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400
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Intangible assets |
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3,500
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Debt |
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1,400
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Investment in associate eliminated |
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$ 3,700
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EKU | Pro Frac L L C |
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Business Acquisition [Line Items] |
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Percentage of equity interest |
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75.00%
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EKU | Pro Frac L L C | Maximum |
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Business Acquisition [Line Items] |
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Percentage of equity interest |
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50.00%
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EKU | Pro Frac L L C | Minimum |
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Business Acquisition [Line Items] |
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Percentage of equity interest |
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20.00%
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Munger Ranch |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 30,000
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30,000
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Percentage of outstanding shares of common stock |
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1.50%
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Liquidation percentage |
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100.00%
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Business combination, Fair value |
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$ 5,000
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Munger Ranch | IPO |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 38,100
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Munger Ranch | IPO | Common Class A |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 30,000
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Issuance of shares, Shares | shares |
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2,114,273
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Munger Ranch | THRC Holdings |
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Business Acquisition [Line Items] |
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Cash consideration |
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30,000
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Rights agreement amount |
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$ 8,100
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iQ-TEQ, LLC |
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Business Acquisition [Line Items] |
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Cash consideration |
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$ 2,200
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Net working capital |
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200
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Property, plant and equipment |
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100
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Intangible assets |
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2,400
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Debt |
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$ 400
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