Pay vs Performance Disclosure Unit_pure in Thousands | 12 Months Ended |
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) |
Pay vs Performance Disclosure | | | | |
Pay vs Performance Disclosure, Table | Pay Versus Performance Table As required by Item 402(v) of Regulation S-K, we Year Summary Summary Compensation Compensation Average Non-CEO Average Non-CEO Value of Initial Fixed Net Loss Adjusted Total Peer Group 2023 N/A 7,132,091 N/A 1,904,420 2,322,168 1,158,681 51.45 109.63 (23,360 ) 248,880 2022 N/A 2,548,319 N/A 1,886,664 915,480 899,231 58.45 102.76 (20,145 ) 206,233 2021 7,234,574 8,123,233 8,207,367 16,199,112 2,713,792 3,627,261 46.26 63.42 (131,891 ) 125,940 2020 3,973,463 N/A 736,558 N/A 880,505 641,151 53.00 56.62 (307,045 ) 100,186 (1) The PEO and the non-PEO (i) 2023 and 2022: Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell, NEOs (ii) 2021: Mr. Kearney, First PEO; Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell and Symington and Ms. Cougle, NEOs (iii) 2020: Mr. Kearney, First PEO; Messrs. Russell, Lakey and Symington and Ms. Cougle, NEOs (2) To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation: First Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 N/A N/A N/A N/A N/A N/A N/A 2022 N/A N/A N/A N/A N/A N/A N/A 2021 471,765 — 3,643,750 7,234,574 (3,119,059 ) 4,091,852 8,207,367 2020 709,637 354,825 12,825 3,973,463 (2,896,176 ) (340,729 ) 736,558 Second PEO (Jardon) SCT Total to CAP Reconciliation Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 1,000,000 937,500 25,200 7,132,091 (5,169,391 ) (58,280 ) 1,904,420 2022 1,000,000 1,117,500 430,819 2,548,319 — (661,655 ) 1,886,664 2021 1,149,618 1,008,900 12,000 8,123,233 (5,952,714 ) 14,028,593 16,199,112 2020 N/A N/A N/A N/A N/A N/A N/A Average Non-PEO Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 447,099 335,324 110,165 2,322,168 (1,429,580 ) 266,093 1,158,681 2022 445,328 398,123 72,029 915,480 — (16,248 ) 899,231 2021 406,922 242,138 634,634 2,713,792 (1,430,265 ) 2,343,734 3,627,261 2020 345,357 151,244 5,332 880,505 (378,573 ) 139,219 641,151 (i) Reflects “all other compensation” reported in the SCT for each year shown. (ii) Represents the grant date fair value of equity-based awards granted each year. We did not report a change in pension value for any of the years reflected in this table; therefore, a deduction from SCT total related to pension value is not needed. (iii) Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity component of CAP for fiscal year 2023 is further detailed in the supplemental table below. Supplemental Second PEO (Jardon) Equity Component of CAP for FY 2023: Equity Type Fair Value Change in Change Fair Value Equity RSU 1,156,015 (166,578 ) 80,651 — 1,070,088 PRSU 2,413,689 (803,871 ) — — 1,609,819 Option — — (51,440 ) (2,686,746 ) (2,738,186 ) Total 3,569,704 (970,449 ) 29,211 (2,686,746 ) (58,280 ) Average Non-PEO Equity Type Fair Value Change in Change Fair Equity RSU 319,694 (77,826 ) 41,388 — 283,255 PRSU 667,498 (178,566 ) 2,090 (9,304 ) 481,719 Option — — 22,171 (521,051 ) (498,881 ) Total 987,191 (256,392 ) 65,649 (530,355 ) 266,093 (3) The peer group used for total shareholder return is SPDR S&P Oil & Gas Equipment & Services ETF (XES). | | | |
Company Selected Measure Name | Adjusted EBITDA | | | |
Named Executive Officers, Footnote | (1) The PEO and the non-PEO (i) 2023 and 2022: Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell, NEOs (ii) 2021: Mr. Kearney, First PEO; Mr. Jardon, Second PEO; Messrs. Fanning, Geddes, McAlister, Russell and Symington and Ms. Cougle, NEOs (iii) 2020: Mr. Kearney, First PEO; Messrs. Russell, Lakey and Symington and Ms. Cougle, NEOs | | | |
Peer Group Issuers, Footnote | The peer group used for total shareholder return is SPDR S&P Oil & Gas Equipment & Services ETF (XES). | | | |
Adjustment To PEO Compensation, Footnote | (2) To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation: First Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 N/A N/A N/A N/A N/A N/A N/A 2022 N/A N/A N/A N/A N/A N/A N/A 2021 471,765 — 3,643,750 7,234,574 (3,119,059 ) 4,091,852 8,207,367 2020 709,637 354,825 12,825 3,973,463 (2,896,176 ) (340,729 ) 736,558 Second PEO (Jardon) SCT Total to CAP Reconciliation Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 1,000,000 937,500 25,200 7,132,091 (5,169,391 ) (58,280 ) 1,904,420 2022 1,000,000 1,117,500 430,819 2,548,319 — (661,655 ) 1,886,664 2021 1,149,618 1,008,900 12,000 8,123,233 (5,952,714 ) 14,028,593 16,199,112 2020 N/A N/A N/A N/A N/A N/A N/A Supplemental Second PEO (Jardon) Equity Component of CAP for FY 2023: Equity Type Fair Value Change in Change Fair Value Equity RSU 1,156,015 (166,578 ) 80,651 — 1,070,088 PRSU 2,413,689 (803,871 ) — — 1,609,819 Option — — (51,440 ) (2,686,746 ) (2,738,186 ) Total 3,569,704 (970,449 ) 29,211 (2,686,746 ) (58,280 ) | | | |
Non-PEO NEO Average Total Compensation Amount | $ 2,322,168 | $ 915,480 | $ 2,713,792 | $ 880,505 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,158,681 | 899,231 | 3,627,261 | 641,151 |
Adjustment to Non-PEO NEO Compensation Footnote | (2) To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation: Average Non-PEO Year Salary Bonus and Non-Equity Other SCT Deductions Additions CAP (i) (ii) (iii) 2023 447,099 335,324 110,165 2,322,168 (1,429,580 ) 266,093 1,158,681 2022 445,328 398,123 72,029 915,480 — (16,248 ) 899,231 2021 406,922 242,138 634,634 2,713,792 (1,430,265 ) 2,343,734 3,627,261 2020 345,357 151,244 5,332 880,505 (378,573 ) 139,219 641,151 (i) Reflects “all other compensation” reported in the SCT for each year shown. (ii) Represents the grant date fair value of equity-based awards granted each year. We did not report a change in pension value for any of the years reflected in this table; therefore, a deduction from SCT total related to pension value is not needed. (iii) Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity component of CAP for fiscal year 2023 is further detailed in the supplemental table below. Supplemental Average Non-PEO Equity Type Fair Value Change in Change Fair Equity RSU 319,694 (77,826 ) 41,388 — 283,255 PRSU 667,498 (178,566 ) 2,090 (9,304 ) 481,719 Option — — 22,171 (521,051 ) (498,881 ) Total 987,191 (256,392 ) 65,649 (530,355 ) 266,093 | | | |
Compensation Actually Paid vs. Total Shareholder Return | The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and the TSR performance of our common units with the TSR performance of our comparison group. For purposes of our equity compensation program, we use the SPDR S&P Oil & Gas Equipment & Services ETF (XES) as our comparison group. The TSR amounts in the graph assume that $100 was invested beginning on December 31, 2019 and that all distributions or dividends were reinvested on a quarterly basis. Compensation Actually Paid Versus TSR ($) 12/31/20 12/31/21 12/31/22 12/31/23 Compensation Actually Paid to First PEO 736,558 8,207,367 — — Compensation Actually Paid to Second PEO — 16,199,112 1,886,664 1,904,420 Average Compensation Actually Paid to Non-PEO 641,151 3,627,261 899,231 1,158,681 TSR 53.00 46.26 58.45 51.45 Peer Group TSR 56.62 63.42 102.76 109.63 | | | |
Compensation Actually Paid vs. Net Income | The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and our Net Loss. Compensation Actually Paid Versus Net Loss ($) 12/31/20 12/31/21 12/31/22 12/31/23 Compensation Actually Paid to First PEO 736,558 8,207,367 — — Compensation Actually Paid to Second PEO — 16,199,112 1,886,664 1,904,420 Average Compensation Actually Paid to Non-PEO 641,151 3,627,261 899,231 1,158,681 Net Loss (307,045 ) (131,891 ) (20,145 ) (23,360 ) | | | |
Compensation Actually Paid vs. Company Selected Measure | The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and our Adjusted EBITDA. Compensation Actually Paid Versus Adjusted EBITDA ($) 12/31/20 12/31/21 12/31/22 12/31/23 Compensation Actually Paid to First PEO 736,558 8,207,367 — — Compensation Actually Paid to Second PEO — 16,199,112 1,886,664 1,904,420 Average Compensation Actually Paid to Non-PEO 641,151 3,627,261 899,231 1,158,681 Adjusted EBITDA 100,186 125,940 206,233 248,880 | | | |
Total Shareholder Return Vs Peer Group | The following graph compares the compensation actually paid to our PEO(s), the average of the compensation actually paid to our remaining NEOs and the TSR performance of our common units with the TSR performance of our comparison group. For purposes of our equity compensation program, we use the SPDR S&P Oil & Gas Equipment & Services ETF (XES) as our comparison group. The TSR amounts in the graph assume that $100 was invested beginning on December 31, 2019 and that all distributions or dividends were reinvested on a quarterly basis. Compensation Actually Paid Versus TSR ($) 12/31/20 12/31/21 12/31/22 12/31/23 Compensation Actually Paid to First PEO 736,558 8,207,367 — — Compensation Actually Paid to Second PEO — 16,199,112 1,886,664 1,904,420 Average Compensation Actually Paid to Non-PEO 641,151 3,627,261 899,231 1,158,681 TSR 53.00 46.26 58.45 51.45 Peer Group TSR 56.62 63.42 102.76 109.63 | | | |
Tabular List, Table | Narrative Disclosure to Pay Versus Performance Table For the fiscal year ending December 31, 2023, the Company used Total Stockholder Return (TSR) to link PRSU equity grants to performance. In addition, the Company used two financial performance measures to link compensation actually paid to its NEOs to company performance under its annual cash incentive program, Adjusted EBITDA and Free Cash Flow. In addition to these financial performance measures, the Company also used Total Recordable Case Frequency and ESG as non-financial Important Performance Measures for 2023 TSR Adjusted EBITDA Free Cash Flow Total Recordable Case Frequency ESG | | | |
Total Shareholder Return Amount | $ 51.45 | 58.45 | 46.26 | 53 |
Peer Group Total Shareholder Return Amount | 109.63 | 102.76 | 63.42 | 56.62 |
Net Income (Loss) | $ (23,360,000) | $ (20,145,000) | $ (131,891,000) | $ (307,045,000) |
Company Selected Measure Amount | 248,880 | 206,233 | 125,940 | 100,186 |
Measure:: 1 | | | | |
Pay vs Performance Disclosure | | | | |
Name | TSR | | | |
Measure:: 2 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Adjusted EBITDA | | | |
Measure:: 3 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Free Cash Flow | | | |
Measure:: 4 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Total Recordable Case Frequency | | | |
Measure:: 5 | | | | |
Pay vs Performance Disclosure | | | | |
Name | ESG | | | |
Kearney [Member] | | | | |
Pay vs Performance Disclosure | | | | |
PEO Total Compensation Amount | | | $ 7,234,574 | $ 3,973,463 |
PEO Actually Paid Compensation Amount | | | $ 8,207,367 | $ 736,558 |
PEO Name | | | Mr. Kearney | Mr. Kearney |
Jardon [Member] | | | | |
Pay vs Performance Disclosure | | | | |
PEO Total Compensation Amount | $ 7,132,091 | $ 2,548,319 | $ 8,123,233 | |
PEO Actually Paid Compensation Amount | $ 1,904,420 | $ 1,886,664 | $ 16,199,112 | |
PEO Name | Mr. Jardon | Mr. Jardon | Mr. Jardon | |
PEO | Fair Value of Current Year Equity Awards RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 1,156,015 | | | |
PEO | Fair Value of Current Year Equity Awards PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 2,413,689 | | | |
PEO | Fair Value of Current Year Equity Awards [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 3,569,704 | | | |
PEO | Change in Value of Prior Years Awards Unvested RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (166,578) | | | |
PEO | Change in Value of Prior Years Awards Unvested PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (803,871) | | | |
PEO | Change in Value of Prior Years Awards Unvested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (970,449) | | | |
PEO | Change in Value of Prior Years Awards That Vested RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 80,651 | | | |
PEO | Change in Value of Prior Years Awards That Vested Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (51,440) | | | |
PEO | Change in Value of Prior Years Awards That Vested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 29,211 | | | |
PEO | Fair Value of Prior Years Awards Forfeited Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (2,686,746) | | | |
PEO | Fair Value of Prior Years Awards Forfeited [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (2,686,746) | | | |
PEO | Equity Value Included in CAP RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 1,070,088 | | | |
PEO | Equity Value Included in CAP PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 1,609,819 | | | |
PEO | Equity Value Included in CAP Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (2,738,186) | | | |
PEO | Equity Value Included in CAP [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (58,280) | | | |
PEO | Kearney [Member] | Salary [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | | | $ 471,765 | $ 709,637 |
PEO | Kearney [Member] | Bonus and Non Equity Incentive Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | | | | 354,825 |
PEO | Kearney [Member] | Other Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | | | 3,643,750 | 12,825 |
PEO | Kearney [Member] | Deductions From SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | | | (3,119,059) | (2,896,176) |
PEO | Kearney [Member] | Additions To SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | | | 4,091,852 | (340,729) |
PEO | Jardon [Member] | Salary [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 1,000,000 | $ 1,000,000 | 1,149,618 | |
PEO | Jardon [Member] | Bonus and Non Equity Incentive Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 937,500 | 1,117,500 | 1,008,900 | |
PEO | Jardon [Member] | Other Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 25,200 | 430,819 | 12,000 | |
PEO | Jardon [Member] | Deductions From SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (5,169,391) | | (5,952,714) | |
PEO | Jardon [Member] | Additions To SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (58,280) | (661,655) | 14,028,593 | |
Non-PEO NEO | Salary [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 447,099 | 445,328 | 406,922 | 345,357 |
Non-PEO NEO | Bonus and Non Equity Incentive Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 335,324 | 398,123 | 242,138 | 151,244 |
Non-PEO NEO | Other Compensation [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 110,165 | 72,029 | 634,634 | 5,332 |
Non-PEO NEO | Deductions From SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (1,429,580) | | (1,430,265) | (378,573) |
Non-PEO NEO | Additions To SCT Total [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 266,093 | $ (16,248) | $ 2,343,734 | $ 139,219 |
Non-PEO NEO | Fair Value of Current Year Equity Awards RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 319,694 | | | |
Non-PEO NEO | Fair Value of Current Year Equity Awards PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 667,498 | | | |
Non-PEO NEO | Fair Value of Current Year Equity Awards [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 987,191 | | | |
Non-PEO NEO | Change in Value of Prior Years Awards Unvested RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (77,826) | | | |
Non-PEO NEO | Change in Value of Prior Years Awards Unvested PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (178,566) | | | |
Non-PEO NEO | Change in Value of Prior Years Awards Unvested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (256,392) | | | |
Non-PEO NEO | Change in Value of Prior Years Awards That Vested RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 41,388 | | | |
Non-PEO NEO | Change in Value of Prior Years Awards That Vested PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 2,090 | | | |
Non-PEO NEO | Change in Value of Prior Years Awards That Vested Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 22,171 | | | |
Non-PEO NEO | Change in Value of Prior Years Awards That Vested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 65,649 | | | |
Non-PEO NEO | Fair Value of Prior Years Awards Forfeited PRSU [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (9,304) | | | |
Non-PEO NEO | Fair Value of Prior Years Awards Forfeited Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (521,051) | | | |
Non-PEO NEO | Fair Value of Prior Years Awards Forfeited [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (530,355) | | | |
Non-PEO NEO | Equity Value Included in CAP RSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 283,255 | | | |
Non-PEO NEO | Equity Value Included in CAP PRSUs [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 481,719 | | | |
Non-PEO NEO | Equity Value Included in CAP Option [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (498,881) | | | |
Non-PEO NEO | Equity Value Included in CAP [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 266,093 | | | |