Acquisitions and Investments - Additional Information (Details) $ / shares in Units, $ in Thousands |
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1 Months Ended |
3 Months Ended |
4 Months Ended |
6 Months Ended |
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Jun. 21, 2022
USD ($)
$ / shares
shares
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Jun. 06, 2022
USD ($)
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May 12, 2022
$ / shares
shares
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Mar. 04, 2022
USD ($)
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Feb. 16, 2022
USD ($)
d
Fleet
$ / shares
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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
$ / shares
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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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Jun. 30, 2022
USD ($)
$ / shares
shares
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Mar. 31, 2022
USD ($)
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Dec. 23, 2021
USD ($)
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Jun. 30, 2021
USD ($)
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May 17, 2022
USD ($)
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Jun. 30, 2022
USD ($)
$ / shares
shares
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Jun. 30, 2021
USD ($)
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Feb. 09, 2022
USD ($)
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Business Acquisition [Line Items] |
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Revenues |
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$ 589,844
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$ 174,819
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$ 934,824
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$ 324,405
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Pretax earnings |
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(74,205)
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8,889
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(99,083)
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34,903
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Noncash income |
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989
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$ 53
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9,220
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$ 240
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Termination fee |
$ 8,000
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Reimbursement of expenses |
3,000
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Preferred units purchased |
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Noncontrolling interests |
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92,863
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1,039
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92,863
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92,863
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Property, plant and equipment |
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$ 664,245
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$ 363,687
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$ 664,245
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$ 664,245
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U S W S Class A Common Stock |
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Business Acquisition [Line Items] |
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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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$ 0.0001
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Stock consideration payable |
$ 270,000
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Sale of stock, offering price per share | $ / shares |
$ 7.23
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Sale of stock, net proceeds |
$ 93,000
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Stock split, conversion ratio |
0.166666667
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Outstanding indebtedness assumed |
$ 55,000
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Repayment of debt |
$ 170,000
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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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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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$ 0.01
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Conversion of common stock | shares |
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0.3366
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Sale of stock, offering price per share | $ / shares |
$ 21.49
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Sale of stock, net proceeds |
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$ 301,700
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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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Sale of stock, offering price per share | $ / shares |
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$ 18.00
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Sale of stock, number of shares sold | shares |
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16,000,000
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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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Wilkis Parties | Common Class A |
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Business Acquisition [Line Items] |
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Sale of stock, net proceeds |
$ 88,400
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Sale of stock, number of shares sold | shares |
4,112,407
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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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$ 6,100
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Pretax earnings |
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$ 8,500
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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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Percentage of equity interest |
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17.00%
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43.00%
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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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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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$ 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 |
|
|
|
|
$ 1.088125
|
|
|
$ 1.088125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold trading days | d |
|
|
|
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold consecutive trading days | d |
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Flotek Industries, Inc. | Debt Instrument, Redemption, Period Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, conversion price | $ / shares |
|
|
|
|
|
|
|
$ 1.088125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average trading price | $ / shares |
|
|
|
|
$ 2.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold trading days | d |
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, threshold consecutive trading days | d |
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Flotek Industries, Inc. | Debt Instrument, Redemption, Period Three |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, convertible, conversion price | $ / shares |
|
|
|
|
$ 0.8705
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Flotek Industries, Inc. | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of new directors | Director |
|
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
Flotek Industries, Inc. | Private Offering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable |
|
|
|
|
|
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Flotek Industries, Inc. | Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable |
|
|
|
|
$ 50,000
|
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basin Production and Completion LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred units purchased |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,200
|
|
|
|
|
$ 46,000
|
Percentage of preferred unit purchased |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.00%
|
|
|
|
|
|
Investment |
|
|
|
|
|
|
|
|
|
$ 49,800
|
|
|
|
|
$ 49,800
|
|
|
|
|
$ 49,800
|
|
|
Basin Production and Completion LLC | A-1 and B-1 Preferred Units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred units purchased |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,000
|
Basin Production and Completion LLC | Selling Holders of B-1 Preferred Units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred units purchased |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,000
|
Basin Production and Completion LLC | FHE USA LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan made |
|
|
|
|
|
$ 1,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate effective percentage |
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument maturity date |
|
|
|
|
|
Feb. 14, 2027
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EKU |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of equity interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
75.00%
|
|
|
|
|
|
|
|
|
Noncontrolling interests |
|
|
|
|
|
|
|
|
$ 1,200
|
|
|
|
|
$ 1,200
|
|
|
|
|
|
|
|
|
Percentage of equity purchased |
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net working capital |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,500
|
|
|
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
400
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,500
|
|
|
|
|
|
|
|
|
Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,400
|
|
|
|
|
|
|
|
|
Investment in associate eliminated |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,700
|
|
|
|
|
|
|
|
|
EKU | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of equity interest |
|
|
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EKU | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of equity interest |
|
|
|
|
|
|
|
|
20.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Munger Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 30,000
|
|
|
|
|
|
30,000
|
|
|
Percentage of outstanding shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.50%
|
|
|
|
|
|
|
|
|
Liquidation percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
Business combination, Fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,000
|
|
|
Munger Ranch | IPO |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
|
|
|
|
$ 38,100
|
|
|
|
|
|
|
|
|
|
|
|
Munger Ranch | IPO | Common Class A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
|
|
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares, Shares | shares |
|
|
|
|
|
|
|
|
|
|
2,114,273
|
|
|
|
|
|
|
|
|
|
|
|
Munger Ranch | THRC Holdings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rights agreement amount |
|
|
|
|
|
|
$ 8,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iQ-TEQ, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Acquisition [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,200
|
|
|
|
|
|
|
|
|
|
Net working capital |
|
|
|
|
|
|
|
|
|
|
|
|
200
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
100
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
2,400
|
|
|
|
|
|
|
|
|
|
Debt |
|
|
|
|
|
|
|
|
|
|
|
|
$ 400
|
|
|
|
|
|
|
|
|
|