v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues:                    
Total revenues                 $ 710,135 $ 964,720
Expenses:                    
General and administrative, including stock-based compensation of $9,156 and $27,254 in 2019 and 2018, respectively                 133,668 167,515
Depreciation and amortization [1]                 114,657 126,417
Loss (gain) on disposal of assets [1]                 4,013 (2,598)
Total expenses                 849,732 1,037,750
Operating loss                 (139,597) (73,030)
Other income (expense):                    
Loss on extinguishment of debt                 0 (26,429)
Interest expense                 (43,470) (45,853)
Interest income                 509 364
Other income                 681 578
Loss from continuing operations before income taxes                 (91,380) (116,509)
Income tax expense                 (21) (227)
Loss from continuing operations $ (32,522) $ (24,778) $ (19,315) $ (14,786) $ (41,742) $ (20,354) $ (30,990) $ (23,650) (91,401) (116,736)
Loss from discontinued operations $ (55,245) $ (14,100) $ (8,462) $ (12,690) $ (4,935) $ (6,981) $ (9,064) $ (6,881) (90,497) (27,861)
Net loss                 $ (181,898) $ (144,597)
Earnings Per Share [Abstract]                    
Net loss from continuing operations per share, basic and diluted (in dollars per share) $ (1.30) $ (0.97) $ (0.71) $ (0.55) $ (1.57) $ (0.77) $ (1.18) $ (0.89) $ (3.50) $ (4.41)
Net loss from discontinued operations per share, basic and diluted (in dollars per share) $ (2.22) $ (0.55) $ (0.31) $ (0.47) $ (0.19) $ (0.26) $ (0.34) $ (0.26) (3.46) (1.05)
Net loss per share of common stock, basic and diluted (in dollars per share)                 $ (6.96) $ (5.46)
Well Servicing                    
Revenues:                    
Total revenues                 $ 226,966 $ 250,991
Expenses:                    
Service expenses                 186,690 203,585
Water Logistics                    
Revenues:                    
Total revenues                 199,816 231,283
Expenses:                    
Service expenses                 141,379 166,926
Completion & Remedial Services                    
Revenues:                    
Total revenues                 274,942 469,456
Expenses:                    
Service expenses                 226,604 365,775
Continuing operations                    
Revenues:                    
Total revenues $ 121,922 $ 144,163 $ 147,975 $ 153,190 $ 157,866 $ 171,144 $ 165,558 $ 158,997 567,250 653,565
Expenses:                    
Service expenses                 426,815 480,405
General and administrative, including stock-based compensation of $9,156 and $27,254 in 2019 and 2018, respectively                 118,460 145,725
Depreciation and amortization                 69,489 78,173
Loss (gain) on disposal of assets                 2,135 (4,918)
Total expenses                 616,899 699,385
Operating loss                 (49,649) (45,820)
Other income (expense):                    
Loss on extinguishment of debt                 0 (26,429)
Interest expense                 (42,887) (45,161)
Interest income                 509 364
Other income                 647 537
Loss from continuing operations before income taxes                 (91,380) (116,509)
Income tax expense                 (21) (227)
Loss from continuing operations                 (91,401) (116,736)
Continuing operations | Well Servicing                    
Revenues:                    
Total revenues                 226,966 250,982
Expenses:                    
Service expenses                 186,782 203,785
Continuing operations | Water Logistics                    
Revenues:                    
Total revenues                 199,816 231,283
Expenses:                    
Service expenses                 141,379 166,907
Continuing operations | Completion & Remedial Services                    
Revenues:                    
Total revenues                 140,468 171,300
Expenses:                    
Service expenses                 $ 98,654 $ 109,713
[1] (a) See reconciling cash flow items from discontinued operations in Note 2: Discontinued Operations

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