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Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2014	Feb. 17, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	Superior Energy Services Inc
Entity Central Index Key	0000886835
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		149,785,368
Entity Public Float			$ 5,410
Entity Well-known Seasoned Issuer	Yes
Trading Symbol	spn
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 393,046	$ 196,047
Accounts receivable, net of allowance for doubtful accounts of $22,076 and $31,030 at December 31, 2014 and December 31, 2013, respectively	926,768	937,195
Deferred income taxes	32,138	8,785
Prepaid expenses	74,750	70,421
Income tax receivable		5,532
Inventory and other current assets	185,429	258,449
Assets Held-for-sale, at Carrying Value	116,680
Total current assets	1,728,811	1,476,429
Property, plant and equipment, net	2,733,839	3,002,194
Goodwill	2,468,409	2,458,109
Notes receivable	25,970	23,708
Intangible and other long-term assets, net	420,360	450,867
Total assets	7,377,389	7,411,307
Current liabilities:
Accounts payable	225,306	216,029
Accrued expenses	363,747	376,049
Income taxes payable	40,213
Current maturities of long-term debt	20,941	20,000
Current portion of decommissioning liabilities		27,322
Liabilities Held-for-sale	61,840
Total current liabilities	712,047	639,400
Deferred income taxes	702,996	736,080
Decommissioning liabilities	88,000	56,197
Long-term debt, net	1,627,842	1,646,535
Other long-term liabilities	166,766	201,651
Stockholders' equity:
Preferred stock of $0.01 par value. Authorized, 5,000,000 shares; none issued
Common stock of $0.001 par value. Authorized - 250,000,000, Issued - 149,648,826, Outstanding - 149,708,825 at December 31, 2014 Authorized - 250,000,000, Issued - 158,976,784, Outstanding - 159,158,022 at December 31, 2013	150	159
Additional paid in capital	2,620,328	2,873,579
Accumulated other comprehensive loss, net	(36,280)	(17,500)
Retained earnings	1,495,540	1,275,206
Total stockholders' equity	4,079,738	4,131,444
Total liabilities and stockholders' equity	$ 7,377,389	$ 7,411,307

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 22,076	$ 31,030
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	149,648,826	158,976,784
Common stock, shares outstanding	149,708,825	159,158,022

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Consolidated Statements of Operations [Abstract]
Services	$ 3,466,279	$ 3,371,847	$ 3,315,072
Rentals	1,090,343	978,210	978,204
Total, Revenues	4,556,622	4,350,057	4,293,276
Costs and expenses:
Cost of Services (exclusive of items shown separately below)	2,308,270	2,244,881	2,100,168
Cost of Rentals (exclusive of items shown separately below)	426,563	388,709	369,252
Cost of goods and services	2,734,833	2,633,590	2,469,420
Depreciation, depletion, amortization and accretion	650,814	604,441	488,061
General and administrative expenses	624,371	597,778	625,422
Reduction in value of assets		300,078
Income from operations	546,604	214,170	710,373
Other income (expense):
Interest expense, net	96,734	107,902	116,479
Interest expense, net	(96,734)	(107,902)	(116,479)
Other Expense	(7,681)	(4,627)	(2,317)
Loss on early estinguishment of debt		(884)	(2,294)
Gain on sale of equity-method investments			17,880
Income from continuing operations before income taxes	442,189	100,757	607,163
Income taxes	161,399	55,272	223,246
Net income from continuing operations	280,790	45,485	383,917
Loss from discontinued operations, net of tax	(22,973)	(156,903)	(17,982)
Net income (loss)	$ 257,817	$ (111,418)	$ 365,935
Earnings per share information:
Continuing operations, basic	$ 1.81	$ 0.29	$ 2.57
Discontinued operations, basic	(0.15)	(0.99)	(0.12)
Basic earnings (loss) per share	1.66	(0.70)	2.45
Continuing operations, diluted	1.79	0.28	2.54
Discontinued operations, diluted	(0.14)	(0.97)	(0.12)
Diluted earnings per share	1.65	(0.69)	$ 2.42
Cash dividends declared per share	$ 0.24	$ 0.08
Weighted average common shares used in computing earnings per share:
Basic	155,154	159,206	149,288
Incremental common shares from stock based compensation	1,572	1,574	1,818
Diluted	156,726	160,780	151,106

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Consolidated Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 257,817	$ (111,418)	$ 365,935
Unrealized net gain (loss) on investment securities, net of tax		(256)	(897)
Reclassification adjustment, net of tax	(1,153)
Change in cumulative translation adjustment, net of tax	(19,933)	2,073	8,516
Comprehensive income (loss)	$ 239,037	$ (109,601)	$ 373,554

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Consolidated Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2011	$ 80	$ 447,007	$ (26,936)	$ 1,033,448	$ 1,453,599
Beginning balance, shares at Dec. 31, 2011	80,425,443
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income (loss)				365,935	365,935
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized net gain (loss) on investment securities			(897)		(897)
Unrealized net gain (loss) on investment securities, net of tax			(897)		(897)
Foreign currency translation adjustment			8,516		8,516
Stock Withheld and Retired Value		(3,424)			(3,424)
Stock Withheld and Retired Shares	135,128
Restricted stock grant and expense, net of forefeitures, shares	(295,366)
Vesting of restricted stock assumed with acquisition	64,356
Exercise of stock options, value	$ 2	14,775			14,777
Exercise of stock options, shares	1,962,248
Tax benefit (expense) from stock-based compensation		(675)			(675)
Stock-based compensation expense, net of forfeitures		23,737			23,737
Shares issued to pay performance share unit, value		1,140			1,140
Shares issued to pay performance share unit, shares	43,259
Shares issued under Employee Stock Purchase Plan, value		3,360			$ 3,360
Shares issued under Employee Stock Purchase Plan, shares	147,026				147,026
Stock issued under acquisition, value	$ 76	2,361,391			$ 2,361,467
Stock issued under acquisition, shares	74,699,065
Fair value of options exchanged in with acquisition		3,932			3,932
Share issuance cost		(388)			(388)
Ending balance, value at Dec. 31, 2012	$ 158	2,850,855	(19,317)	1,399,383	4,231,079
Ending balance, shares at Dec. 31, 2012	157,501,635
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income (loss)				(111,418)	(111,418)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized net gain (loss) on investment securities			(256)		(256)
Unrealized net gain (loss) on investment securities, net of tax			(256)		(256)
Foreign currency translation adjustment			2,073		2,073
Stock Withheld and Retired Value		2,811			2,811
Stock Withheld and Retired Shares	119,070
Stock Repurchased and Retired During Period, Shares	(426,883)
Stock Repurchased and Retired During Period, Value		(10,627)			(10,627)
Restricted stock grant and expense, net of forefeitures, value	$ 1
Restricted stock grant and expense, net of forefeitures, shares	(1,154,032)
Vesting of restricted stock assumed with acquisition	210,951
Exercise of stock options, value		6,263			6,263
Exercise of stock options, shares	470,712
Tax benefit (expense) from stock-based compensation		(1,185)			(1,185)
Cash dividends declared ($0.08 per share)				(12,759)	(12,759)
Stock-based compensation expense, net of forfeitures		26,071			26,072
Shares issued under Employee Stock Purchase Plan, value		5,013			$ 5,013
Shares issued under Employee Stock Purchase Plan, shares	185,407				185,407
Exercise of stock options, shares	426,883
Ending balance, value at Dec. 31, 2013	$ 159	2,873,579	(17,500)	1,275,206	$ 4,131,444
Ending balance, shares at Dec. 31, 2013	158,976,784
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income (loss)				257,817	257,817
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			1,153		1,153
Foreign currency translation adjustment			(19,933)		(19,933)
Stock Withheld and Retired Value		(7,315)			$ (7,315)
Stock Withheld and Retired Shares	267,340
Stock Repurchased and Retired During Period, Shares	(10,246,091)				2,532,540
Stock Repurchased and Retired During Period, Value	$ (10)	(299,734)			$ (299,744)
Incremental common shares from restricted stock units	95,914
Restricted stock grant and expense, net of forefeitures, shares	(152,447,000)
Vesting of restricted stock assumed with acquisition	114,839
Exercise of stock options, value	$ 1	10,560			$ 10,561
Exercise of stock options, shares	880,687				880,687
Tax benefit (expense) from stock-based compensation		6,160			$ 6,160
Cash dividends declared ($0.08 per share)				(37,483)	(37,483)
Stock-based compensation expense, net of forfeitures		30,982			30,982
Shares issued under Employee Stock Purchase Plan, value		6,096			$ 6,096
Shares issued under Employee Stock Purchase Plan, shares	246,480				246,480
Exercise of stock options, shares	10,246,091				(2,532,540)
Ending balance, value at Dec. 31, 2014	$ 150	$ 2,620,328	$ (36,280)	$ 1,495,540	$ 4,079,738
Ending balance, shares at Dec. 31, 2014	149,648,826

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share	$ 0.24	$ 0.08
Common Stock, Dividends, Per Share, Amount	$ 0.08	$ 0.08

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income (loss)	$ 257,817	$ (111,418)	$ 365,935
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	652,143	625,928	510,526
Writeoff of debt acquisition costs and note discount		(884)	(3,460)
Deferred income taxes	(49,567)	14,435	11,218
Gain loss from Equity method investment			(17,880)
Reduction in value of assets including discontinued operations		419,380
Stock based and performance share unit compensation expense	42,748	35,832	36,570
Amortization of debt acquisition costs and note discount	8,110	8,919	9,856
(Gains) losses on sales of assets and businesses	(12,777)	(657)	5,763
Other reconciling items, net	(6,803)	(1,783)	(12,377)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable	(9,487)	85,423	(42,946)
Inventory and other current assets	53,594	(70,995)	62,720
Accounts payable	36,450	(32,304)	(30,977)
Accrued expenses	16,411	25,154	(26,107)
Income taxes	46,134	(162,148)	152,093
Other, net	(1,762)	56,158	(10,691)
Net Cash Provided by (Used in) Operating Activities, Total	1,033,011	892,808	1,035,043
Cash flows from investing activities:
Payments for capital expenditures	(616,102)	(608,960)	(1,141,922)
Proceeds from Sale of Available-for-sale Securities, Equity	10,622		41,874
Change in restricted cash held for acquisition of business			785,280
Acquisitions of businesses, net of cash acquired	(24,327)	(23,797)	(1,091,161)
Cash Proceeds From Sales of Assets And Businesses	147,305	6,292	193,166
Proceeds from Sale of Equity Method Investments			34,087
Proceeds from Insurance Settlement, Investing Activities		22,650
Other	7,767	(1,753)	21,558
Net Cash Provided by (Used in) Investing Activities, Total	(474,735)	(605,568)	(1,157,118)
Cash flows from financing activities:
Repayments of Long-term Lines of Credit	(14,736)	(581,771)	(771,439)
Proceeds from Long-term Lines of Credit	14,736	581,771	696,439
Proceeds from issuance of long-term debt	2,602		400,000
Principal payments of long-term debt	(21,564)	(170,000)	(177,546)
Share repurchases	(299,734)	(10,627)
Cash dividends	(49,756)
Payment of debt acquisition costs			(25,274)
Proceeds from exercise of stock options	10,560	6,264	14,777
Proceeds from issuance of stock through employee benefit plans	4,870	4,124	2,855
Other	724	(6,840)	(5,973)
Net Cash Provided by (Used in) Financing Activities, Total	(357,168)	(181,203)	130,984
Effect of exchange rate changes on cash	(4,109)	(1,189)	2,016
Net increase in cash and cash equivalents	196,999	104,848	10,925
Cash and cash equivalents at beginning of period	196,047	91,199	80,274
Cash and cash equivalents at end of period	$ 393,046	$ 196,047	$ 91,199

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

(1) Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Superior Energy Services, Inc. and subsidiaries (the Company). All significant intercompany accounts and transactions are eliminated in consolidation. Certain previously reported amounts have been reclassified to conform to the 2014 presentation.

Business

The Company provides a wide variety of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company serves major, national and independent oil and natural gas companies throughout the world. The Company’s operations are managed and organized by business units, which offer products and services within the various phases of a well’s economic life cycle. The Company reports its operating results in four business segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions (formerly, Subsea and Technical Solutions). Given the Company’s history of growth and long-term strategy of expanding geographically, the Company also provides supplemental segment revenue information in three geographic areas: U.S. land; Gulf of Mexico; and International.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Major Customers and Concentration of Credit Risk

The majority of the Company’s business is conducted with major and independent oil and gas companies. The Company evaluates the financial strength of its customers and provides allowances for probable credit losses when deemed necessary.

The market for the Company’s services and products is the oil and gas industry in the U.S. land and Gulf of Mexico areas and select international market areas. Oil and gas companies make capital expenditures on exploration, development and production operations. The level of these expenditures historically has been characterized by significant volatility.

The Company derives a large amount of revenue from a small number of major and independent oil and gas companies. There were no customers that exceeded 10% of total revenue in 2014. In 2013 and 2012, EOG Resources, Inc. accounted for approximately 10% and 13%, respectively, of total revenue, primarily within the Onshore Completion and Workover segment.

In addition to trade receivables, other financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and derivative instruments used in hedging activities. The financial institutions in which the Company transacts business are large, investment grade financial institutions which are “well capitalized” under applicable regulatory capital adequacy guidelines, thereby minimizing its exposure to credit risks for deposits in excess of federally insured amounts and for failure to perform as the counterparty on interest rate swap agreements. The Company periodically evaluates the creditworthiness of financial institutions that may serve as a counterparty to its derivative instruments.

Cash Equivalents

The Company considers all short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.

Accounts Receivable and Allowances

Trade accounts receivable are recorded at the invoiced amount or the earned amount but not yet invoiced and do not bear interest. The Company maintains allowances for estimated uncollectible receivables, including bad debts and other items. The allowance for doubtful accounts is based on the Company’s best estimate of probable uncollectible amounts in existing accounts receivable. The Company determines the allowance based on historical write-off experience and specific identification.

Inventory

Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables consist principally of products used in the Company’s services provided to its customers.

Property, Plant and Equipment

Property, plant and equipment are stated at cost, except assets acquired using purchase accounting, which are recorded at fair value as of the date of acquisition. With the exception of certain marine assets and oil and natural gas properties, depreciation is computed using the straight line method over the estimated useful lives of the related assets as follows:

Buildings and improvements	5	to	40	years
Marine vessels and equipment	5	to	25	years
Machinery and equipment	2	to	25	years
Automobiles, trucks, tractors and trailers	3	to	10	years
Furniture and fixtures	2	to	10	years

The Company follows the successful efforts method of accounting for its investment in oil and natural gas properties. Under the successful efforts method, the costs of successful exploratory wells and leases containing productive reserves are capitalized. Costs incurred to drill and equip developmental wells, including unsuccessful wells, are capitalized. Other costs such as geological and geophysical costs and the drilling costs of unsuccessful exploratory wells are expensed. Leasehold and well costs are depleted on a units-of-production basis based on the estimated remaining equivalent oil and gas reserves of each field.

Capitalized Interest

The Company capitalizes interest on the cost of major capital projects during the active construction period. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. The Company capitalized $1.0 million, $2.4 million and $7.7 million of interest expense in the years ended December 31, 2014, 2013 and 2012, respectively, for various capital projects.

Reduction in Value of Long-Lived Assets

Long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of such assets to their fair value calculated, in part, by the estimated undiscounted future cash flows expected to be generated by the assets. Cash flow estimates are based upon, among other things, historical results adjusted to reflect the best estimate of future market rates, utilization levels, and operating performance. Estimates of cash flows may differ from actual cash flows due to, among other things, changes in economic conditions or changes in an asset’s operating performance. The Company’s assets are grouped by subsidiary or division for the impairment testing, which represent the lowest level of identifiable cash flows. The Company has long-lived assets, such as facilities, utilized by multiple operating divisions that do not have identifiable cash flows. Impairment testing for these long-lived assets is based on the consolidated entity. If the asset grouping’s fair value is less than the carrying amount of those items, impairment losses are recorded in the amount by which the carrying amount of such assets exceeds the fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less estimated costs to sell. The net carrying value of assets not fully recoverable is reduced to fair value. The estimate of fair value represents the Company’s best estimate based on industry trends and reference to market transactions and is subject to variability. The oil and gas industry is cyclical and estimates of the period over which future cash flows will be generated, as well as the predictability of these cash flows, can have a significant impact on the carrying values of these assets and, in periods of prolonged down cycles, may result in impairment charges. See note 9 for a discussion of reduction in values of long-lived assets recorded during 2013.

Goodwill

The following table summarizes the activity for the Company’s goodwill for the years ended December 31, 2014 and 2013 (in thousands):



			Onshore
	Drilling		Completion
	Products		and Workover		Production		Technical
	and Services		Services		Services		Solutions		Total
Balance, December 31, 2012	$	144,947	$	1,418,050	$	878,052	$	91,016	$	2,532,065
Acquisition activities		-		1,500		15,099		-		16,599
Disposition activities		(756)		-		-		-		(756)
Reduction in value of assets		-		-		-		(91,016)		(91,016)
Foreign currency translation adjustment		681		-		536		-		1,217
Balance, December 31, 2013		144,872		1,419,550		893,687		-		2,458,109
Acquisition activities		-		-		13,909		-		13,909
Disposition activities		-		-		-		-		-
Foreign currency translation adjustment		(2,033)		-		(1,576)		-		(3,609)
Balance, December 31, 2014	$	142,839	$	1,419,550	$	906,020	$	-	$	2,468,409

Goodwill is tested for impairment annually or on an interim basis if events or circumstances indicate that the fair value of the asset has decreased below its carrying value. During the third quarter of 2014, the Company changed its annual goodwill impairment testing date from December 31 to October 1. Management considers this accounting change preferable because it allows the Company additional time to complete the annual goodwill test. This change does not accelerate, delay, avoid, or cause an impairment charge, nor does this change result in adjustments to previously issued financial statements. In order to estimate the fair value of the reporting units (which is consistent with the reported business segments), the Company used a weighting of the discounted cash flow method and the public company guideline method of determining fair value of each reporting unit. The Company weighted the discounted cash flow method 80% and the public company guideline method 20% due to differences between the Company’s reporting units and the peer companies’ size, profitability and diversity of operations. In order to validate the reasonableness of the estimated fair values obtained for the reporting units, a reconciliation of fair value to market capitalization was performed for each unit on a standalone basis. A control premium, derived from market transaction data, was used in this reconciliation to ensure that fair values were reasonably stated in conjunction with the Company’s capitalization. These fair value estimates were then compared to the carrying value of the reporting units. No impairment loss was recognized during the year ended December 31, 2014, as the fair value of each of the reporting units exceeded its carrying amount. Based on the most recent goodwill impairment test, the fair values of the Drilling Products and Services and Onshore Completion and Workover Services segments were substantially in excess of their carrying values. The fair value of the Production Services segment exceeded its carrying value by approximately 9%. A significant amount of judgment was involved in performing these evaluations since the results are based on estimated future events.

See note 9 for a discussion of reduction in value of goodwill recorded during 2013. As of December 31, 2014, the Company’s accumulated reduction in value of goodwill was $91.0 million.

If, among other factors, (1) the Company’s market capitalization declines and remains below its stockholders’ equity, (2) the fair value of the reporting units decline, or (3) economic or competitive conditions deteriorate, the Company could conclude in future periods that impairment losses are required.

Notes Receivable

The Company’s wholly owned subsidiary, Wild Well Control, Inc. (Wild Well) has decommissioning obligations related to its ownership of the Bullwinkle platform. Notes receivable consist of a commitment from the seller of the platform towards its eventual abandonment. Pursuant to an agreement with the seller, the Company will invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of this obligation totaled $115.0 million and is recorded at present value using an effective interest rate of 6.58%. The related discount is amortized to interest income based on the expected timing of the platform’s removal. The Company recorded interest income related to notes receivable of $1.6 million, $2.6 million and $2.8 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Intangible and Other Long-Term Assets

Intangible and other long-term assets consist of the following as of December 31, 2014 and 2013 (in thousands):



	December 31, 2014						December 31, 2013
	Gross		Accumulated		Net		Gross		Accumulated		Net
	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	$	339,695	$	(64,954)	$	274,741	$	335,590	$	(44,117)	$	291,473
Tradenames		41,265		(13,151)		28,114		45,025		(9,175)		35,850
Non-compete agreements		4,487		(3,281)		1,206		4,256		(2,163)		2,093
Debt issuance costs		63,829		(36,360)		27,469		63,829		(28,250)		35,579
Deferred compensation plan assets		12,982		-		12,982		13,731		-		13,731
Escrowed cash		58,421		-		58,421		58,406		-		58,406
Other		18,356		(929)		17,427		14,597		(862)		13,735
Total	$	539,035	$	(118,675)	$	420,360	$	535,434	$	(84,567)	$	450,867

Customer relationships, tradenames, and non-compete agreements are amortized using the straight line method over the life of the related asset with weighted average useful lives of 17 years, 10 years, and 3 years, respectively. Amortization expense (exclusive of debt issuance costs) was $25.9 million, $26.2 million and $22.6 million for the years ended December 31, 2014, 2013 and 2012, respectively. Estimated annual amortization of intangible assets (exclusive of debt acquisition costs) will be approximately $25.6 million for 2015, $24.8 million for 2016, $24.0 million for 2017, $23.9 million for 2018 and $23.7 million for 2019, excluding the effects of any acquisitions or dispositions subsequent to December 31, 2014.

Debt issuance costs are amortized using the effective interest method over the life of the related debt agreements with a weighted average useful life of 7 years. Amortization of debt issuance costs is recorded in interest expense, net of amounts capitalized within the consolidated statements of operations.

In accordance with the asset purchase agreement between Wild Well and the seller to acquire the Bullwinkle platform and its related assets and to assume the related decommissioning obligations, Wild Well obtained a $50.0 million performance bond and funded $50.0 million into an escrow account. Included in intangible and other long-term assets, net is escrowed cash related to the Bullwinkle platform of $50.4 million as of December 31, 2014 and 2013.

Decommissioning Liabilities

The Company records estimated future decommissioning liabilities in accordance with the authoritative guidance related to asset retirement obligations (decommissioning liabilities), which requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred, with a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the decommissioning liability is required to be accreted each period to present value.

The Company’s decommissioning liabilities associated with the Bullwinkle platform and its related assets consist of costs related to the plugging of wells, the removal of the related facilities and equipment, and site restoration. The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows needed to satisfy the liability have changed materially. During 2013, as a result of an increase in third party drilling activity in the vicinity of the Bullwinkle platform, the Company believed new economic opportunities existed for additional production handling agreements with those third party production companies utilizing the Bullwinkle platform. As a result, the Company revised its estimates relating to the timing of decommissioning work on its Bullwinkle assets, including a 10 year postponement of the platform decommissioning to an estimated date of 2038. This change in estimate resulted in a reduction in the present value of decommissioning liabilities. Further, as of December 31, 2013, the Company anticipated that it would be able to decommission several depleted wells that are part of the Bullwinkle assets based on the estimates received from engineers regarding platform availability during 2014. As a result, as of December 31, 2013, the decommissioning liabilities associated with those wells were classified as current liabilities on the consolidated balance sheet. Based on revised estimates received during 2014, the Company did not anticipate decommissioning any of the wells during the next twelve months. As a result, all of the decommissioning liabilities were classified as long-term liabilities on the consolidated balance sheet as of December 31, 2014.

The following table summarizes the activity for the Company’s decommissioning liabilities for the years ended December 31, 2014 and 2013 (in thousands):



	2014		2013
Decommissioning liabilities, December 31, 2013 and 2012, respectively	$	83,519	$	93,053
Liabilities acquired and incurred		866		445
Liabilities settled		(579)		(87)
Accretion		4,470		5,320
Revisions in estimated timing and cash flows		(276)		(15,212)
Total decommissioning liabilities, December 31, 2014 and 2013, respectively	$	88,000	$	83,519

Revenue Recognition

Products and services are generally sold based upon purchase orders or contracts with customers that include fixed or determinable prices. Revenue is recognized when services or equipment are provided and collectability is reasonably assured. The Company’s drilling products and services are billed on a day rate basis, and revenue from the sale of equipment is recognized when the title to the equipment has been transferred. Reimbursements from customers for the cost of drilling products and services that are damaged or lost down-hole are reflected as revenue at the time of the incident. The Company accounts for the revenue and related costs on large-scale platform decommissioning contracts on the percentage-of-completion method utilizing costs incurred as a percentage of total estimated costs. The Company recognizes oil and gas revenue from its interests in producing wells as oil and natural gas is sold.

Taxes Collected from Customers

In accordance with authoritative guidance related to taxes collected from customers and remitted to governmental authorities, the Company elected to net taxes collected from customers against those remitted to government authorities in the financial statements consistent with the historical presentation of this information.

Income Taxes

The Company accounts for income taxes and the related accounts under the asset and liability method. Deferred income taxes reflect the impact of temporary differences between amounts of assets and liabilities for financial reporting purposes and such amounts as measured by tax laws and rates that are in effect when the temporary differences are expected to reverse. The effect of a change in tax rates on the deferred income taxes is recognized in income in the period in which the change occurs. A valuation allowance is recorded when management believes it is more likely than not that at least some portion of any deferred tax asset will not be realized.

The Company has adopted authoritative guidance surrounding accounting for uncertainty in income taxes. It is the Company’s policy to recognize interest and applicable penalties related to uncertain tax positions in income tax expense.

Earnings per Share

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional shares of common stock that could have been outstanding assuming the exercise of stock options and conversion of restricted stock units.

Stock options for approximately 1,100,000 shares, 1,100,000 shares and 2,100,000 shares of the Company’s common stock were excluded in the computation of diluted earnings per share for the years ended December 31, 2014, 2013 and 2012, respectively, as the effect would have been anti-dilutive.

Cash Dividends

In December 2013, the Company’s Board of Directors approved initiating a quarterly dividend program and declared an initial quarterly dividend of $0.08 per share on its outstanding common stock. The dividend payable of $12.8 million was included in accrued expenses in the consolidated balance sheet as of December 31, 2013. The initial dividend was paid on February 19, 2014 to all stockholders of record as of January 30, 2014. During 2014, $49.8 million of dividends was paid to stockholders.

Discontinued Operations

The Company classifies assets and liabilities of a disposal group as held for sale and discontinued operations if the following criteria are met: (1) management, with appropriate authority, commits to a plan to sell a disposal group; (2) the asset is available for immediate sale in its current condition; (3) an active program to locate a buyer and other actions to complete the sale have been initiated; (4) the sale is probable; (5) the disposal group is being actively marketed for sale at a reasonable price; and (6) actions required to complete the plan of sale indicate it is unlikely that significant changes to the plan of sale will occur or that the plan will be withdrawn. Once deemed as held for sale, the Company no longer depreciates the assets of the disposal group. Upon sale, the Company calculates the gain or loss associated with the disposition by comparing the carrying value of the assets less direct costs of the sale with the proceeds received. In the consolidated statements of operations, losses from discontinued operations are presented, net of tax effect, as a separate caption below net income (loss) from continuing operations.

Fair Value Measurements

The company follows the authoritative guidance for fair value measurements relating to financial and nonfinancial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities;

Level 2: Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical assets or liabilities in inactive markets or model-derived valuations or other inputs that can be corroborated by observable market data; and

Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.

Financial Instruments

The fair value of the Company’s financial instruments of cash equivalents, accounts receivable, accounts payable, accrued expenses and borrowings under its credit facility approximates their carrying amounts due to their short maturity or market interest rates. The fair value of the Company’s debt was $1,624.3 million and $1,789.0 million as of December 31, 2014 and 2013, respectively, and was categorized as Level 1 in the fair value hierarchy. The fair value of these debt instruments is determined by reference to the market value of the instrument as quoted in an over-the-counter market.

Foreign Currency

Results of operations for foreign subsidiaries with functional currencies other than the U.S. dollar are translated using average exchange rates during the period. Assets and liabilities of these foreign subsidiaries are translated using the exchange rates in effect at the balance sheet dates, and the resulting translation adjustments are reported as accumulated other comprehensive loss in the Company’s stockholders’ equity.

For international subsidiaries where the functional currency is the U.S. dollar, financial statements are remeasured into U.S. dollars using the historical exchange rate for most of the long-term assets and liabilities and the balance sheet date exchange rate for most of the current assets and liabilities. An average exchange rate is used for each period for revenues and expenses. These transaction gains and losses, as well as any other transactions in a currency other than the functional currency, are included in other income (expense) in the consolidated statements of operations in the period in which the currency exchange rates change. For the years ended December 31, 2014, 2013 and 2012, the Company recorded $7.3 million, $7.1 million and $2.9 million of foreign currency losses, respectively.

Stock-Based Compensation

In accordance with authoritative guidance related to stock compensation, the Company records compensation costs relating to share-based payment transactions and includes such costs in general and administrative expenses in the consolidated statement of operations. The cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity award). Excess tax benefits of awards that are recognized in equity related to stock option exercises and restricted stock vesting are reflected as financing cash flows.

Derivative Instruments and Hedging Activities

The Company recognizes all derivative instruments as either assets or liabilities in the balance sheet at their respective fair values. Interest rate swap agreements that are effective at hedging the fair value of fixed-rate debt agreements are designated and accounted for as fair value hedges. The Company also assesses, both at inception of the hedging relationship and on an ongoing basis, whether the derivatives used in hedging relationships are highly effective in offsetting changes in fair value.

In an attempt to achieve a more balanced debt portfolio between fixed and variable interest, the Company enters into interest rate swaps. Under these agreements, the Company is entitled to receive semi-annual interest payments at a fixed rate and is obligated to make quarterly interest payments at a variable rate. The Company had fixed-rate interest on approximately 61% and 60% of its long-term debt as of December 31, 2014 and 2013, respectively. The Company had notional amounts of $300 million related to interest rate swaps with a variable interest rate, adjusted every 90 days, based on LIBOR plus a fixed margin as of December 31, 2014 and 2013.

Self-Insurance Reserves

The Company is self-insured, through deductibles and retentions, up to certain levels for losses under its insurance programs. With the Company’s growth, the Company has elected to retain more risk by increasing its self-insurance levels. The Company accrues for these liabilities based on estimates of the ultimate cost of claims incurred as of the balance sheet date. The Company regularly reviews the estimates of reported and unreported claims and provides for losses through reserves. The Company obtains actuarial reviews to evaluate the reasonableness of internal estimates for losses related to workers’ compensation, auto liability and group medical on an annual basis.

Recently Issued Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board issued ASU No. 2014-09, Revenue from Contracts with Customers, which will replace most existing revenue recognition guidance in GAAP. The guidance in this update requires an entity to recognize the amount of revenue that it expects to be entitled for the transfer of promised goods or services to customers. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the accounting guidance on its ongoing financial reporting.

In April 2014, the Financial Accounting Standards Board issued ASU No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, which changes the definition of discontinued operations. The guidance permits only those disposed components (or components held-for-sale) representing a strategic shift that have (or will have) a major effect on operations and financial results to be reported in discontinued operations. The new standard is effective prospectively for disposals (or classifications as held-for-sale) that occur after December 31, 2014. The Company has adopted the accounting guidance as of January 1, 2015.

Subsequent Events

In accordance with authoritative guidance, the Company has evaluated and disclosed all material subsequent events that occurred after the balance sheet date, but before financial statements were issued.

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2014

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

(2) Supplemental Cash Flow Information

The following table includes the Company’s supplemental cash flow information for the years ended December 31, 2014, 2013 and 2012 (in thousands):



	2014		2013		2012
Cash paid for interest, net of amounts capitalized	$	102,880	$	97,129	$	109,112

Cash paid for income taxes, net of refunds	$	127,132	$	164,158	$	42,261

Details of business acquisitions:
Fair value of assets	$	29,468	$	34,964	$	4,364,872
Fair value of liabilities		(5,125)		(10,942)		(695,243)
Common stock issued		-		-		(2,361,466)
Cash paid		24,343		24,022		1,308,163
Less cash acquired		(16)		(225)		(217,002)
Net cash paid for acquisitions	$	24,327	$	23,797	$	1,091,161

Non-cash investing activity:
Capital expenditures included in accounts payable,
accrued expenses and other long term liabilities	$	49,118	$	70,463	$	61,035

Non-cash financing activity:
Cash dividends declared	$	-	$	12,759	$	-

Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations [Abstract]

Discontinued Operations

(3) Discontinued Operations

2014

During 2014, the Company conducted a strategic review and analysis of its subsea construction business. As of December 31, 2014, the Company has sold $131.1 million of the assets related to this business and is committed to sell the remaining assets and exit the subsea construction business. The disposition of the remaining assets is expected to be completed by the end of the first half of 2015.

During 2014, the Company also made a decision to discontinue its conventional decommissioning business. As of December 31, 2014, the Company was committed to sell the assets of and exit the conventional decommissioning business. The disposition of assets is expected to be completed by the end of the first half of 2015.

Both the subsea construction business and conventional decommissioning business were included in the Technical Solutions segment, formerly referred to as the Subsea and Technical Solutions segment. As of December 31, 2014, the assets and liabilities of these businesses were classified as held for sale. For the years ended December 31, 2014, 2013 and 2012, the results of operations of these businesses are reported as discontinued operations in the consolidated statements of operations.

The following table summarizes the components of loss from discontinued operations, net of tax for the years ended December 31, 2014, 2013 and 2012 (in thousands):



	2014		2013		2012
Revenues	$	145,463	$	261,767	$	274,792

Loss from discontinued operations, net of tax (benefit) expense of ($19,330), ($15,439) and $1,774, for the years ended December 31, 2014, 2013 and 2012, respectively	$	(22,973)	$	(156,903)	$	(775)

For the year ended December 31, 2014, loss from discontinued operations included an $18.8 million gain related to the sale of marine vessels and equipment in the subsea construction business.

For the year ended December 31, 2013, loss from discontinued operations included a $119.3 million expense related to the reduction in value of assets. The expense relating to the reduction in value of assets was comprised of a $98.3 million expense primarily relating to certain marine vessels included in our subsea construction business; a $15.4 million expense relating to reduction in carrying values of the intangible assets in the subsea construction business; and a $5.6 million expense relating to the retirement of long-lived assets in our conventional decommissioning business.

The following summarizes the assets and liabilities related to the businesses reported as discontinued operations as of December 31, 2014 and 2013 (in thousands):



	2014		2013
Accounts receivable, net	$	16,701	$	26,858
Prepaid expenses		2,463		8,164
Inventory and other current assets		5,576		63,618
Current assets	$	24,740	$	98,640
Property, plant and equipment, net		91,171		217,089
Intangible and other long-term assets, net		769		4,854
Long-term assets	$	91,940	$	221,943
Accounts payable		20,530		13,449
Accrued expenses		24,496		52,133
Current liabilities	$	45,026	$	65,582
Other long-term liabilities	$	16,814	$	21,801

Assets and liabilities held for sale include a capital lease for a dynamically positioned subsea vessel. Such amounts are recorded at the present value of the lease payments. The vessel’s gross asset value under the capital lease was $37.6 million at inception and accumulated depreciation through December 31, 2014 and 2013 was $17.4 million and $16.4 million, respectively. As of December 31, 2014, $16.8 million of other long-term liabilities and $4.6 million of accounts payable related to this capital lease are included in the liabilities held for sale. As of December 31, 2013, $21.4 million of other long-term liabilities and $4.2 million of accounts payable related to this capital lease are included in the liabilities held for sale. In February 2015, the Company purchased this leased vessel for $45.2 million. The purchase was made to facilitate the disposition of the vessel during the first half of 2015.

2012

During 2012, the Company sold one of its derrick barges and received proceeds of $44.5 million, inclusive of selling costs. The Company recorded a pre-tax loss of $3.1 million, inclusive of $9.7 million of goodwill, during the year ended December 31, 2012 in connection with this sale. The operations and loss on the sale of this disposal group have been reported within loss from discontinued operations in the consolidated statement of operations for the year ended December 31, 2012.

During 2012, the Company sold 18 liftboats and related assets comprising its former Marine business. The Company received cash proceeds of $138.6 million, inclusive of working capital and selling costs. In connection with the sale, the Company repaid $12.5 million in U.S. Government guaranteed long-term financing. Additionally, the Company paid $4.0 million of make-whole premiums and wrote off $0.7 million of unamortized loan costs as a result of this repayment. The Company’s pre-tax loss on the disposal of this business recorded during 2012 was $10.0 million.

The following table summarizes the components of loss from discontinued operations, net of tax related to the dispositions of derrick barges and liftboats for the year ended December 31, 2012 (in thousands):


	2012
Revenues	$	16,231

Loss from discontinued operations, net of tax benefit of $620	$	(17,207)

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

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+ Details

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2014
Acquisitions [Abstract]
Acquisitions	(4) Acquisitions 2014 In October 2014, the Company acquired all of the equity interests in a company that provides well testing and slickline services in India. The purchase price of the acquisition was approximately $22.0 million. Goodwill of $13.9 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill related to this acquisition will be deductible for tax purposes. All of the goodwill was assigned to the Production Services segment. 2013 In March 2013, the Company acquired all of the equity interests in a company that provides cementing services in Colombia. The Company paid approximately $20.4 million at closing and repaid $3.0 million of the acquired company’s debt. In 2014, the Company paid $2.4 million as a result of a post-closing process to reconcile the net working capital of the acquired company and settlement of certain liabilities. Goodwill of $15.1 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill related to this acquisition will be deductible for tax purposes. All of the goodwill was assigned to the Production Services segment. 2012 In February 2012, the Company acquired Complete in a cash and stock merger transaction valued at approximately $2,914.8 million. Complete focused on providing specialized completion and production services and products that help oil and gas companies develop hydrocarbon reserves, reduce costs and enhance production. Complete’s operations were located throughout the U.S. and Mexico. The acquisition of Complete substantially expanded the size and scope of the Company’s services. Goodwill of $1,922.7 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. It includes access to new product and service offerings, an experienced management team and workforce, and other benefits that the Company believes will result from the combination of the operations, and any other intangible assets that do not qualify for separate recognition. None of the goodwill related to this acquisition will be deductible for tax purposes. The goodwill has been allocated between the Onshore Completion and Workover Services and the Production Services segments based on the relative fair value of these segments. In August 2012, the Company acquired all of the equity interests in a company that provides mechanical wireline, electric line and well testing services to oil and gas companies in Argentina. The Company paid approximately $37.6 million in cash related to this acquisition, including approximately $6.5 million of contingent consideration which was paid during 2013 based upon achievement of certain performance metrics. Goodwill of $22.6 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill related to this acquisition will be deductible for tax purposes. The goodwill has been allocated to the Onshore Completion and Workover Services, the Production Services, and the Technical Solutions segments based on each segment’s relative fair value.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Topic 805
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-Name Accounting Standards Codification
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+ Details

Property, Plant And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

(5) Property, Plant and Equipment

A summary of property, plant and equipment as of December 31, 2014 and 2013 is as follows (in thousands):



	2014		2013
Buildings, improvements and leasehold improvements	$	328,651	$	284,273
Marine vessels and equipment		55,494		137,955
Machinery and equipment		4,126,570		3,864,599
Automobiles, trucks, tractors and trailers		66,032		64,102
Furniture and fixtures		75,631		72,563
Construction-in-progress		102,895		211,017
Land		58,814		56,786
Oil and gas producing assets		189,294		137,910
Total		5,003,381		4,829,205
Accumulated depreciation and depletion		(2,269,542)		(1,827,011)
Property, plant and equipment, net	$	2,733,839	$	3,002,194

The Company had $93.3 million and $75.0 million of leasehold improvements as of December 31, 2014 and 2013, respectively. These leasehold improvements are depreciated over the shorter of the life of the asset or the term of the lease using the straight line method. Depreciation expense (excluding depletion, amortization and accretion) was $620.6 million, $572.9 million, and $460.2 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Inventory and Other Current Assets

12 Months Ended

Dec. 31, 2014

Inventory and Other Current Assets [Abstract]

Inventory and Other Current Assets

(6) Inventory and Other Current Assets

Inventory and other current assets includes $165.6 million and $162.9 million of inventory as of December 31, 2014 and 2013, respectively. The components of inventory balances as of December 31, 2014 and 2013 are as follows (in thousands):



	2014		2013
Finished goods	$	72,788	$	65,621
Raw materials		29,718		20,764
Work-in-process		20,317		20,064
Supplies and consumables		42,739		56,470
Total	$	165,562	$	162,919

As of December 31, 2013, inventory and other current assets included $63.2 million of costs incurred and estimated earnings in excess of billings on uncompleted contracts. The Company follows the percentage-of-completion method of accounting for applicable contracts.

As of December 31, 2013, inventory and other current assets also included $8.8 million of available-for-sale securities recorded at fair value. These available-for-sale securities consisted of approximately 1.4 million shares of SandRidge Energy, Inc. (SandRidge) common stock held by the Company. During 2014, the Company sold all of its remaining shares of SandRidge common stock for $10.6 million. In connection with the sale, the Company reversed $1.2 million of previously recorded unrealized losses, of which $1.8 million was reclassified out of accumulated other comprehensive loss, net of tax benefit of $0.6 million.

During the year ended December 31, 2013, the Company recorded an unrealized loss on these securities of $0.4 million, of which $0.3 million was reported within accumulated other comprehensive loss, net of tax benefit of $0.1 million. During the year ended December 31, 2012, the Company recorded an unrealized loss on these securities of $1.4 million, of which $0.9 million was reported within accumulated other comprehensive loss, net of tax benefit of $0.5 million. During 2012, the Company sold approximately 5.6 million shares of SandRidge stock for $41.9 million, resulting in a realized gain of $0.9 million.

Debt

12 Months Ended

Dec. 31, 2014

Debt [Abstract]

Debt

(7) Debt

The Company’s long-term debt as of December 31, 2014 and 2013 consisted of the following (in thousands):



	2014		2013
Term loan - interest payable monthly at floating rate and principal payable quarterly, due February 2017	$	345,000	$	365,000
Senior Notes - interest payable semiannually at 6 3/8%, due May 2019		500,000		500,000
Senior Notes - interest payable semiannually at 7 1/8%, due December 2021		800,000		800,000
Other		3,783		1,535
		1,648,783		1,666,535
Less current portion		20,941		20,000
Long-term debt	$	1,627,842	$	1,646,535

Annual maturities of long-term debt for each of the five fiscal years following December 31, 2014 and thereafter are as follows (in thousands):



2015	$	20,941
2016		21,134
2017		306,085
2018		623
2019		500,000
Thereafter		800,000
Total	$	1,648,783

Credit Facility

The Company has a $1.0 billion bank credit facility, comprised of a $600 million revolving credit facility and a $400 million term loan. As of December 31, 2014, $345 million was outstanding under the term loan. The principal balance of the term loan is payable in installments of $5.0 million on the last day of each fiscal quarter, which began on June 30, 2012. As of December 31, 2014, the Company had no amounts outstanding under the revolving portion of its credit facility. The Company had $44.2 million of letters of credit outstanding, which reduce the Company’s borrowing availability under this portion of the credit facility.

Any amounts outstanding on the revolving portion of the credit facility and the term loan are due on February 7, 2017. Amounts borrowed under the credit facility bear interest at LIBOR plus margins that depend on the Company’s credit rating.

Senior Unsecured Notes

The Company has outstanding $500 million of 6 3/8% unsecured senior notes due 2019. The indenture governing the 6 3/8% senior notes requires semi-annual interest payments on May 1st and November 1st of each year through the maturity date of May 1, 2019.

The Company also has outstanding $800 million of 7 1/8% unsecured senior notes due 2021. The indenture governing the 7 1/8% senior notes requires semi-annual interest payments on June 15th and December 15th of each year through the maturity date of December 15, 2021.

During 2012, the Company redeemed $150 million, or 50%, of the principal amount of its $300 million 6 7/8% unsecured senior notes due 2014 at 100% of face value. This redemption resulted in a loss on early extinguishment of debt of $2.3 million related to the write off of debt acquisition costs and notes discount. During 2013, the Company redeemed the remaining $150 million aggregate principal amount of its 6 7/8% unsecured senior notes due 2014 at 100% of face value using proceeds from the revolving portion of its credit facility. The redemption resulted in a loss on early extinguishment of debt of $0.9 million related to the writeoff of unamortized debt acquisition costs and note discount.

Stock-Based Compensation And Retirement Plans

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based and Long-Term Compensation

(8) Stock-Based and Long-Term Compensation

The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers and directors (Eligible Participants). Under the stock incentive plan, the Company may grant incentive stock options, non-qualified stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants. The Compensation Committee of the Company’s Board of Directors establishes the terms and conditions of any awards granted under the plans, provided that the exercise price of any stock options granted may not be less than the fair value of the common stock on the date of the grant. Under the terms of the 2013 Stock Incentive Plan, approximately 8,000,000 shares of the Company’s common stock have been reserved for issuance to employees and non-employee directors. As of December 31, 2014, approximately 5,400,000 shares of the Company’s common stock were available for future grants under the 2013 plan.

Total stock-based compensation expense and the associated tax benefits for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):



Compensation Expense
	2014		2013		2012
Stock options	$	3,900	$	3,586	$	4,829
Restricted stock		15,800		21,460		16,981
Restricted stock units		11,282		-		2,360
Performance share units		10,688		10,014		11,894
Strategic performance share units		2,404		-		-
Total	$	44,074	$	35,060	$	36,064

Tax Benefit
	2014		2013		2012
Stock options	$	1,443	$	1,327	$	1,787
Restricted stock		5,846		7,940		6,283
Restricted stock units		4,174		-		873
Total	$	11,463	$	9,267	$	8,943

Stock Options

The Company has granted non-qualified stock options under its stock incentive plans. The stock options generally vest in equal installments over three years and expire in ten years. Non-vested stock options are generally forfeitable upon termination of employment.

The Company recognizes compensation expense for stock option grants based on the fair value at the date of grant using the Black-Scholes-Merton option pricing model. The Company uses historical data, among other factors, to estimate the expected volatility and the expected life of the stock options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the expected life of the stock option. The dividend yield is based on our history of dividend payouts.

The following table presents the fair value of stock option grants made during the years ended December 31, 2014, 2013 and 2012, as well as the options assumed and converted in the Complete acquisition, and the related assumptions used to calculate the fair value:



	2014		2013		2012
Weighted average fair value of grants	$	6.95	$	8.98	$	21.76

Black-Scholes-Merton Assumptions:
Risk free interest rate		1.42%		0.63%		0.41%
Expected life (years)		4		4		2
Volatility		34.50%		48.41%		55.27%
Dividend yield		1.23		-		-

For 2012, the expected life of options assumed and converted in connection with the Complete acquisition was approximately two years, and the expected life of new option grants issued in 2012 was approximately five years, resulting in a weighted average life of approximately two years.

The Company has reported tax benefits of $5.6 million, $0.7 million, $0.6 million from the exercise of stock options for the years ended December 31, 2014, 2013 and 2012, respectively, as financing cash flows in the consolidated statement of cash flows.

The following table summarizes stock option activity for the year ended December 31, 2014:



	Number of Options	Weighted Average Option Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2013	4,857,376	$	21.43	4.8	$	29,990
Granted	567,084	$	26.01
Exercised	(880,687)	$	11.99
Forfeited	(41,166)	$	25.39
Expired	(18,102)	$	35.77
Outstanding as of December 31, 2014	4,484,505	$	23.76	5.1	$	4,095
Exercisable as of December 31, 2014	3,660,017	$	23.45	4.3	$	4,095
Options expected to vest as of December 31, 2014	824,488	$	25.14	8.7	$	-

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on December 31, 2014 and the stock option price, multiplied by the number of “in-the-money” stock options) that would have been received by the stock option holders if all the options had been exercised on December 31, 2014. The Company expects all of its remaining non-vested options to vest as they are primarily held by its officers and senior managers.

The total intrinsic value of stock options exercised (the difference between the stock price upon exercise and the stock option price) during the years ended December 31, 2014, 2013 and 2012 was $17.1 million, $5.1 million and $40.4 million, respectively. The Company received $10.6 million, $6.3 million and $14.8 million during the years ended December 31, 2014, 2013 and 2012, respectively, from employee stock option exercises.

The following table summarizes non-vested stock option activity for the year ended December 31, 2014:



	Number of Options	Weighted Average Grant Date Fair Value
Non-vested as of December 31, 2013	536,498	$	10.19
Granted	567,084	$	6.95
Vested	(237,928)	$	13.39
Forfeited	(41,166)	$	8.16
Non-vested as of December 31, 2014	824,488	$	7.83

As of December 31, 2014, there was $4.2 million of unrecognized compensation expense related to non-vested stock options outstanding. The Company expects to recognize approximately $2.4 million, $1.3 million and $0.5 million of compensation expense during the years 2015, 2016 and 2017, respectively, for these outstanding non-vested stock options.

Restricted Stock

Shares of restricted stock generally vest in equal annual installments over three years. On February 7, 2012, the Company also assumed and converted 609,743 shares of restricted stock related to the Complete acquisition. Non-vested shares are generally forfeited upon termination of employment. With the exception of the non-vested shares of restricted stock assumed and converted as a result of the Complete acquisition, holders of shares of restricted stock are entitled to all rights of a stockholder of the Company with respect to the restricted stock, including the right to vote the shares and receive any dividends or other distributions. Compensation expense associated with restricted stock is measured based on the grant date fair value of our common stock.

A summary of the status of restricted stock for the year ended December 31, 2014 is presented in the table below:



	Number of Shares	Weighted Average Grant Date Fair Value
Non-vested as of December 31, 2013	2,020,448	$	24.71
Vested	(842,257)	$	27.27
Forfeited	(155,911)	$	24.29
Non-vested as of December 31, 2014	1,022,280	$	24.08

The weighted average grant-date fair value per share of restricted stock granted during the years ended December 31, 2013 and 2012 was $23.14 and $22.87, respectively. No restricted stock was granted during the year ended December 31, 2014. The total fair value of restricted stock vested during the years ended December 31, 2014, 2013 and 2012 was $23.0 million, $9.6 million and $13.0 million, respectively. As of December 31, 2014, there was approximately $10.4 million of unrecognized compensation expense related to non-vested restricted stock. The Company expects to recognize approximately $10.0 million and $0.4 million during the years 2015 and 2016, respectively, for non-vested restricted stock.

Restricted Stock Units

Beginning in 2014, Restricted Stock Units (RSUs) were granted to eligible employees. Prior to 2014, RSUs were only granted to non-employee directors. RSUs granted to employees vest in equal annual installments over three years. On the vesting date, each RSU is converted to one share of the Company’s common stock having an aggregate value determined by the Company’s closing stock price on the vesting date. Holders of RSUs are not entitled to any rights of stockholders, such as the right to vote share, but will accrue dividend equivalents that are paid out upon vesting.

Each non-employee director is issued annually a number of RSUs having an aggregate dollar value determined by the Company’s Board of Directors. The exact number of RSUs granted is determined by dividing the aggregate dollar value determined by the Company’s Board of Directors by the fair market value of the Company’s common stock on the day of the annual stockholders’ meeting. If the director’s election occurs at a time other than at the annual meeting, the director will receive a pro rata number of RSUs based on the number of months between his or her election date and the anniversary of the previous annual meeting. Each RSU granted prior to 2013 represents the right to receive from the Company, within 30 days of the date the director ceases to serve on the Board, one share of the Company’s common stock. Beginning with the RSU grants in 2013, the RSUs will vest and pay out in shares of the Company’s common stock in the year following the grant date on the date of Company’s annual meeting.

A summary of the activity of restricted stock units for the year ended December 31, 2014 is presented in the table below:



	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2013	324,481	$	26.34
Granted	1,352,184	$	26.45
Vested	(95,914)	$	30.65
Forfeited	(164,274)	$	26.36
Outstanding as of December 31, 2014	1,416,477	$	26.40

As of December 31, 2014, there was approximately $21.2 million of unrecognized compensation expense related to unvested RSUs. The Company expects to recognize approximately $10.6 million, $10.0 million, and $0.6 million for the years ended 2015, 2016, and 2017, respectively.

Performance Share Units

The Company has issued performance share units (PSUs) to its employees as part of the Company’s long-term incentive program. There is a three-year performance period associated with each PSU grant. The two performance measures applicable to all participants are the Company’s return on invested capital and total stockholder return relative to those of the Company’s pre-defined peer group. If the participant has met specified continued service requirements, the PSUs will settle in cash or a combination of cash and up to 50% of equivalent value in the Company’s common stock, at the discretion of the Compensation Committee of the Board of Directors. As of December 31, 2014, there were 360,329 PSUs outstanding (115,788, 115,376 and 129,165 related to performance periods ending December 31, 2014, 2015 and 2016, respectively). The Company has recorded both current and long-term liabilities for this liability-based compensation award.

In February 2014, the Company granted strategic performance share units (SPSUs) to certain executive officers of the Company. The executives received a grant of SPSUs in February 2014 and will receive another grant in 2015, each with a specified target grant date value and each subject to a one-year performance period. The SPSUs will be paid out in an equivalent number of the Company’s common stock with the number SPSUs earned based upon the level of the Company’s free cash flow achieved for each of the fiscal years ended December 31, 2014 and December 31, 2015, respectively. The earned SPSUs will vest in 2016 provided the participant remains actively employed by the Company through January 2, 2016.

Employee Stock Purchase Plan

In 2013, the stockholders of the Company approved the 2013 Employee Stock Purchase Plan (ESPP). This plan went into effect on July 1, 2013 and replaced the prior plan. Under this plan 3,000,000 shares of common stock were reserved for issuance. Eligible employees are allowed to purchase shares of the Company’s common stock at a discount during six-month offering periods beginning on January 1 and July 1 of each year and ending on June 30 and December 31 of each year, respectively. Shares were purchased under this plan for the time period ending December 31, 2014.

The following table summarizes ESPP activity for the years ended December 31, 2014, 2013 and 2012 (in thousands except shares):



	2014		2013		2012
	2013 Plan		2013 and 2007 Plans		2007 Plan
Cash received for shares issued	$	4,870	$	4,124	$	2,855
Compensation expense	$	1,078	$	947	$	504
Shares issued		246,480		185,407		147,026

401(k)/Profit Sharing Plan

The Company maintains a defined contribution profit sharing plan for employees who have satisfied minimum service requirements. Employees may contribute up to 75% of their eligible earnings to the plan subject to the contribution limitations imposed by the Internal Revenue Service. In 2012, the Company adopted a “safe harbor” match for its 401(k) plan, which includes a nondiscretionary match of 100% of an employee’s contributions to the plan, up to 4% of the employee’s salary. The Company made contributions of $16.7 million, $16.0 million and $8.4 million in the years ended December 31, 2014, 2013 and 2012, respectively.

Non-Qualified Deferred Compensation Plans

The Company has a non-qualified deferred compensation plan which allows certain highly compensated employees to defer up to 75% of their base salary, up to 100% of their bonus, and up to 100% of the cash portion of their PSU compensation to the plan. The Company also has a non-qualified deferred compensation plan for its non-employee directors which allows each director to defer up to 100% of their cash compensation paid by the Company to the plan. Additionally, participating directors may defer up to 100% of the shares of common stock they are entitled to receive in connection with the payout of RSUs. Payments are made to participants based on their annual enrollment elections and plan balances. Participants earn a return on their deferred compensation that is based on hypothetical investments in certain mutual funds. Changes in market value of these hypothetical participant investments are reflected as an adjustment to the deferred compensation liability of the Company with an offset to compensation expense (see note 13). As of December 31, 2014 and 2013, the liability of the Company to the participants was $14.7 million and $15.0 million, respectively, which reflects the accumulated participant deferrals and earnings (losses) as of that date. These amounts are recorded in other long-term liabilities. Additionally, as of December 31, 2014 and 2013, the Company had $2.3 million and $1.9 million in accounts payable in anticipation of pending payments. For the years ended December 31, 2014, 2013 and 2012, the Company recorded compensation expense of $0.9 million, $2.5 million and $1.6 million, respectively, related to the earnings and losses of the deferred compensation plan liability. The Company makes contributions that approximate the participant deferrals into various investments, principally life insurance that is invested in mutual funds similar to the participants’ hypothetical investment elections. Changes in market value of the investments and life insurance are reflected as adjustments to the deferred compensation plan asset with an offset to other income (expense). As of December 31, 2014 and 2013, the deferred compensation plan asset was $13.0 million and $13.7 million, respectively, and is recorded in intangible and other long-term assets, net. For the years ended December 31, 2014, 2013 and 2012, the Company recorded other income of $1.2 million, $2.4 million and $0.7 million, respectively, related to the net earnings and losses of the deferred compensation plan assets.

Supplemental Executive Retirement Plan

The Company has a supplemental executive retirement plan (SERP). The SERP provides retirement benefits to the Company’s executive officers and certain other designated key employees. The SERP is an unfunded, non-qualified defined contribution retirement plan, and all contributions under the plan are unfunded credits to a notional account maintained for each participant. Under the SERP, the Company will generally make annual contributions to a retirement account based on age and years of service. During 2014, 2013 and 2012, the participants in the plan received contributions ranging from 5% to 35% of salary and annual cash bonus, which totaled $1.2 million, $1.2 million and $1.8 million, respectively. The Company may also make discretionary contributions to a participant’s account. The Company recorded compensation expense of $1.6 million, $1.2 million and $2.4 million in general and administrative expenses for the years ended December 31, 2014, 2013 and 2012, respectively, inclusive of discretionary contributions. During the years ended December 31, 2014, 2013 and 2012, the Company paid $3.0 million, $3.0 million and $6.7 million, respectively, to select participants in the SERP.

Reduction in Value of Assets

12 Months Ended

Dec. 31, 2014

Reduction In Value Of Assets [Abstract]

Reduction In Value Of Assets

(9) Reduction in Value of Assets

During 2013, the Company recorded $300.1 million in expense related to reduction in value of assets. The components of reduction in value of assets are as follows (in thousands):



	2013
Reduction in value of long-lived assets and related other assets	$	180,320
Reduction in value of goodwill		91,016
Retirements of long-lived assets		14,418
Reduction in value of assets related to Venezuela exit activities		14,324
Total reduction in value of assets	$	300,078

Reduction in Value of Long-Lived Assets

During the fourth quarter of 2013, the Company recorded $180.3 million in expense in connection with reduction in value of its long-lived assets and related other assets. The reduction in value of assets expense was comprised of $122.8 million related to certain marine equipment and related write-off of other assets of $31.9 million included in the Technical Solutions segment, $11.4 million related to equipment in the coiled tubing division within the Production Services segment and $11.2 million related to mechanical drilling rigs included in the Onshore Completion and Workover Services segment. In addition, the Company recorded an $3.0 million expense related to reduction in carrying values of the intangible assets in the coiled tubing business in the Production Services segment.

The reduction in value of assets in the Technical Solutions segment was primarily driven by the decline in demand for services in the Company’s marine technical services business. During the fourth quarter of 2013, the demand for these services continued to decline and the forecast for these markets did not indicate a timely recovery sufficient to support the carrying values of these assets. The reduction in value of assets in the Onshore Completion and Workover Services segment related to the reduction in carrying values of the mechanical drilling rigs, primarily driven by the shift in customer demand away from mechanically powered rigs to electrically powered drilling rigs. The reduction in value of assets in the Production Services segment related to the coiled tubing business in Mexico and was primarily driven by the decrease in demand for the Company’s services during 2013 coupled with a decrease in the forecast for future activities in that region.

Reduction in Value of Goodwill

The Company performed its annual test for goodwill impairment as of December 31, 2013, which indicated that the carrying value of the Technical Solutions segment exceeded its fair value, indicating that goodwill was potentially impaired. As such, the Company performed the second step of the goodwill impairment test, which involved calculating the implied fair value of the goodwill by allocating the fair value of the Technical Solutions segment to all of the assets and liabilities other than goodwill and comparing it to the carrying amount of goodwill. The Company determined that the implied fair value of the goodwill for the Technical Solutions segment was less than its carrying value and fully wrote-off the goodwill balance of $91.0 million, which is included in the reduction in value of assets in the consolidated statement of operations. The reduction in value of goodwill in our Technical Solutions segment was primarily driven by the decline in demand for services in our subsea construction and marine technical services divisions. During the fourth quarter of 2013, the demand for these services continued to decline and the forecast for these markets did not indicate a timely recovery sufficient to support the carrying values of the goodwill.

Retirements of Long-Lived Assets

During 2013, the Company recorded $14.4 million for retirement and abandonment of inoperable and/or functionally obsolete long-lived assets. The total amount recorded includes $6.4 million for Technical Solutions segment, $5.8 million for Onshore Completion and Workover Services segment and $2.2 million for Production Services segment.

Reduction in Value of Assets Related to Venezuela Exit Activities

In November 2013, the government of Venezuela seized two of the Company’s hydraulic snubbing units from its facility in Anaco, Venezuela. As a result, the Company recorded a $14.3 million reduction in value of net assets, primarily related to accounts receivable, prepaid expenses and property, plant and equipment. During the years ended December 31, 2013 and 2012, the Company generated $9.5 million and $20.5 million, respectively, in revenue from its operations in Venezuela.

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Income Taxes

(10) Income Taxes

The components of income (loss) from continuing operations before income taxes for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):



	2014		2013		2012
Domestic	$	372,672	$	165,463	$	554,675
Foreign		69,517		(64,706)		52,488
	$	442,189	$	100,757	$	607,163

The components of income tax expense (benefit) for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):



	2014		2013		2012
Current:
Federal	$	150,997	$	19,897	$	119,797
State		11,339		10,816		14,155
Foreign		36,287		25,613		33,279
		198,623		56,326		167,231
Deferred:
Federal		(33,172)		(6,341)		54,718
State		648		386		915
Foreign		(4,700)		4,901		382
		(37,224)		(1,054)		56,015
	$	161,399	$	55,272	$	223,246

Income tax expense differs from the amounts computed by applying the U.S. Federal income tax rate of 35% to income (loss) before income taxes for the years ended December 31, 2014, 2013 and 2012 as follows (in thousands):



	2014		2013		2012
Computed expected tax expense	$	154,766	$	35,265	$	212,581
Increase (decrease) resulting from
State and foreign income taxes		8,467		(852)		15,176
Reduction in value of assets		-		34,874		-
Other		(1,834)		(14,015)		(4,511)
Income tax	$	161,399	$	55,272	$	223,246

The tax effects of temporary differences that give rise to significant components of deferred income tax assets and liabilities as of December 31, 2014 and 2013 are as follows (in thousands):



	2014		2013
Deferred tax assets:
Allowance for doubtful accounts	$	3,942	$	8,482
Operating loss and tax credit carryforwards		21,928		32,543
Compensation and employee benefits		57,045		50,136
Decommissioning liabilities		21,029		22,124
Other		50,641		51,161
		154,585		164,446
Valuation allowance		-		-
Net deferred tax assets		154,585		164,446
Deferred tax liabilities:
Property, plant and equipment		648,054		671,172
Notes receivable		5,718		5,429
Goodwill and other intangible assets		138,017		136,940
Deferred revenue on long-term contracts		1,470		21,354
Other		32,184		56,846
Deferred tax liabilities		825,443		891,741
Net deferred tax liability	$	670,858	$	727,295

The net deferred tax assets reflect management’s estimate of the amount that will be realized from future profitability and the reversal of taxable temporary differences that can be predicted with reasonable certainty. A valuation allowance is recognized if it is more likely than not that at least some portion of any deferred tax asset will not be realized.

Net deferred tax liabilities were classified in the consolidated balance sheet as of December 31, 2014 and 2013 as follows (in thousands):



	2014		2013
Deferred tax assets:
Current deferred income taxes	$	32,138	$	8,785
Deferred tax liabilities:
Non-current deferred income taxes		(702,996)		(736,080)
Net deferred tax liability	$	(670,858)	$	(727,295)

As of December 31, 2014, the Company had approximately $1.3 million in net operating loss carryforwards, which are available to reduce future taxable income. The expiration dates for utilization of the loss carryforwards are 2020 through 2026. Utilization of $0.5 million of the net operating loss carryforwards will be subject to the annual limitations due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended. As of December 31, 2014, the Company also has various state net operating loss carryforwards with expiration dates from 2016 to 2029. A deferred tax asset of $9.9 million reflects the expected future tax benefit for the state loss carryforwards.

The Company has not provided U.S. income tax expense on earnings of its foreign subsidiaries, since the Company has reinvested or expects to reinvest outside the U.S. the undistributed earnings indefinitely. As of December 31, 2014, the undistributed earnings of the Company’s foreign subsidiaries were approximately $61.0 million. If these earnings are repatriated to the U.S. in the future, additional tax provisions may be required. It is not practicable to estimate the amount of taxes that might be payable on such undistributed earnings.

The Company files income tax returns in the U.S., including federal and various state filings, and certain foreign jurisdictions. The number of years that are open under the statute of limitations and subject to audit varies depending on the tax jurisdiction. The Company remains subject to U.S. federal tax examinations for years after 2010.

The Company had unrecognized tax benefits of $30.3 million, $29.9 million and $26.4 million as of December 31, 2014, 2013 and 2012, respectively all of which would impact the Company’s effective tax rate if recognized.

The activity in unrecognized tax benefits as of December 31, 2014, 2013 and 2012 is as follows (in thousands):



	2014		2013		2012
Unrecognized tax benefits, December 31, 2013, 2012 and 2011, respectively	$	29,899	$	26,399	$	21,692
Additions based on tax positions related to current year		-		-		-
Additions based on tax positions related to prior years		7,860		5,065		6,873
Reductions based on tax positions related to prior years		(7,415)		(1,565)		(2,166)
Unrecognized tax benefits, December 31, 2014, 2013 and 2012, respectively	$	30,344	$	29,899	$	26,399

Segment Information

12 Months Ended

Dec. 31, 2014

Segment Information [Abstract]

Segment Information

(11) Segment Information

Business Segments

The Drilling Products and Services segment rents and sells bottom hole assemblies, premium drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and bolting and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services. The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. It also provides specialized pressure control tools used to manage and control pressure throughout the life of a well. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well control services, well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of oil and gas.

For the years ended December 31, 2014, 2013 and 2012, operating results for the Company’s subsea construction and conventional decommissioning businesses are reported in discontinued operations (see note 3). Previously those operating results were reported within the Technical Solutions segment, which was previously named the Subsea and Technical Solutions segment.

The Company evaluates the performance of its reportable segments based on income or loss from operations. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation expense and allocated general and administrative expenses. General and administrative expenses are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, other methods which the Company believes to be a reasonable reflection of the utilization of services provided. The Company believes this segment measure is useful in evaluating the performance of its reportable segments because it highlights operating trends and aids analytical comparisons.

Summarized financial information for the Company’s segments for the years ended December 31, 2014, 2013 and 2012 is shown in the following tables (in thousands):



Year Ended December 31, 2014

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	923,849	$	1,727,904	$	1,356,057	$	548,812	$	-	$	4,556,622
Cost of services and rentals
(exclusive of items shown separately below)		290,341		1,201,497		945,201		297,794		-		2,734,833
Depreciation, depletion, amortization and accretion		187,825		233,479		165,144		64,366		-		650,814
General and administrative expenses		155,606		159,325		190,172		119,268		-		624,371
Income from operations		290,077		133,603		55,540		67,384		-		546,604
Interest expense, net		-		-		-		1,577		(98,311)		(96,734)
Other expense		-		-		-		-		(7,681)		(7,681)
Income (loss) from continuing operations before income taxes	$	290,077	$	133,603	$	55,540	$	68,961	$	(105,992)	$	442,189



Year Ended December 31, 2013

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	838,514	$	1,596,704	$	1,445,555	$	469,284	$	-	$	4,350,057
Cost of services and rentals
(exclusive of items shown separately below)		276,131		1,083,494		1,011,933		262,032		-		2,633,590
Depreciation, depletion, amortization and accretion		169,296		215,506		178,442		41,197		-		604,441
General and administrative expenses		142,850		156,405		190,931		107,592		-		597,778
Reduction in value of assets		2,292		16,975		28,568		252,243		-		300,078
Income (loss) from operations		247,945		124,324		35,681		(193,780)		-		214,170
Interest expense, net		-		-		-		1,323		(109,225)		(107,902)
Other income (expense)		-		-		-		836		(5,463)		(4,627)
Loss on early extinguishment of debt		-		-		-		-		(884)		(884)
Income (loss) from continuing operations before income taxes	$	247,945	$	124,324	$	35,681	$	(191,621)	$	(115,572)	$	100,757



Year Ended December 31, 2012

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	775,066	$	1,593,977	$	1,510,990	$	413,243	$	-	$	4,293,276
Cost of services and rentals
(exclusive of items shown separately below)		255,853		1,039,732		929,552		244,283		-		2,469,420
Depreciation, depletion, amortization and accretion		150,687		171,853		135,910		29,611		-		488,061
General and administrative expenses		130,954		185,548		210,411		98,509		-		625,422
Income from operations		237,572		196,844		235,117		40,840		-		710,373
Interest expense, net		-		-		-		849		(117,328)		(116,479)
Other expense		-		-		-		(212)		(2,105)		(2,317)
Loss on early extinguishment of debt		-		-		-		-		(2,294)		(2,294)
Gain on sale of equity-method investment										17,880		17,880
Income (loss) from continuing operations before income taxes	$	237,572	$	196,844	$	235,117	$	41,477	$	(103,847)	$	607,163



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
December 31, 2014	$	1,304,110	$	3,010,295	$	2,116,171	$	946,813	$	-	$	7,377,389
December 31, 2013	$	1,245,501	$	2,973,916	$	2,176,785	$	1,015,105	$	-	$	7,411,307
December 31, 2012	$	1,086,804	$	3,223,984	$	2,185,779	$	1,295,134	$	11,185	$	7,802,886

As of December 31, 2014, the Technical Solutions segment included $116.7 million of identifiable assets of the subsea construction and conventional decommissioning businesses that were classified as assets held for sale on the consolidated balance sheet.



Capital Expenditures
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Consolidated
	Services		Services		Services		Solutions		Total
December 31, 2014	$	254,500	$	160,888	$	95,796	$	95,037	$	606,221
December 31, 2013	$	269,152	$	99,517	$	107,412	$	144,388	$	620,469
December 31, 2012	$	246,389	$	308,317	$	334,670	$	279,729	$	1,169,105

Geographic Segments

The Company attributes revenue to various countries based on the location where services are performed or the destination of the drilling products or equipment sold or rented. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. As of December 31, 2014, the assets of the subsea construction and conventional decommissioning businesses were classified as assets held for sale on the consolidated balance sheet. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations is as follows (in thousands):



Revenues
	Years Ended December 31,
	2014		2013		2012
United States	$	3,848,929	$	3,674,825	$	3,680,817
Other Countries		707,693		675,232		612,459
Total	$	4,556,622	$	4,350,057	$	4,293,276

Long-Lived Assets
			As of December 31,
			2014		2013
United States			$	2,416,306	$	2,476,792
Other Countries				317,533		525,402
Total, net			$	2,733,839	$	3,002,194

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Dec. 31, 2014
Commitments And Contingencies [Abstract]
Commitments And Contingencies	(12) Commitments and Contingencies The Company leases many of its office, service and assembly facilities under operating leases. In addition, the Company also leases certain assets used in providing services under operating leases. The leases expire at various dates over an extended period of time. Total rent expense was $26.2 million, $25.6 million and $23.1 million in the years ended December 31, 2014, 2013 and 2012, respectively. Future minimum lease payments under non-cancelable leases for the five years ending December 31, 2015 through 2019 and thereafter are as follows: $64.7 million, $42.4 million, $30.3 million, $23.8 million, $13.8 million and $28.7 million, respectively. Due to the nature of the Company’s business, the Company is involved, from time to time, in routine litigation or subject to disputes or claims regarding its business activities. Legal costs related to these matters are expensed as incurred. However, based on current circumstances, the Company does not believe that the ultimate resolution of these proceedings, after considering available defenses and any insurance coverage or indemnification rights, will have a material adverse effect on its financial position, results of operations or cash flows.

Fair Value Measurements

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Fair Value Measurements

(13) Fair Value Measurements

The following tables provide a summary of the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 and 2013 (in thousands):



			Fair Value Measurements at Reporting Date Using
	December 31, 2014		Level 1		Level 2		Level 3
Intangible and other long-term assets, net
Non-qualified deferred compensation assets	$	12,982	$	1,481	$	11,501		-
Interest rate swaps	$	4,183		-	$	4,183		-
Accounts payable
Non-qualified deferred compensation liabilities	$	2,291		-	$	2,291		-
Other long-term liabilities
Non-qualified deferred compensation liabilities	$	14,720		-	$	14,720		-

	December 31, 2013		Level 1		Level 2		Level 3
Inventory and other current assets
Available-for-sale securities	$	8,817	$	8,817		-		-
Intangible and other long-term assets, net
Non-qualified deferred compensation assets	$	13,731	$	2,330	$	11,401		-
Interest rate swap	$	337		-	$	337		-
Accounts payable
Non-qualified deferred compensation liabilities	$	1,944		-	$	1,944		-
Other long-term liabilities
Non-qualified deferred compensation liabilities	$	14,986		-	$	14,986		-

As of December 31, 2013, available-for-sale securities was comprised of approximately 1.4 million shares of SandRidge common stock. The securities were reported at fair value based on the closing price of the shares as reported on the New York Stock Exchange (see note 6).

The Company’s non-qualified deferred compensation plans allow officers, certain highly compensated employees and non-employee directors to defer receipt of a portion of their compensation and contribute such amounts to one or more hypothetical investment funds (see note 8). The Company entered into separate trust agreements, subject to general creditors, to segregate assets of each plan and reports the accounts of the trusts in its consolidated financial statements. These investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent Levels 1 and 2, respectively, in the fair value hierarchy.

The Company has three interest rate swap agreements related to its fixed rate debt maturing in 2021 for notional amounts of $100 million each, whereby the Company is entitled to receive semi-annual interest payments at a fixed rate of 7 1/8% per annum and is obligated to make semi-annual interest payments at floating rates, which are adjusted every 90 days, based on LIBOR plus a fixed margin. The swap agreements, scheduled to terminate on December 15, 2021, are designated as fair value hedges of a portion of the Company’s 7 1/8% senior notes, as the derivative has been tested to be highly effective in offsetting changes in the fair value of the underlying note. As these derivatives are classified as fair value hedges, the changes in the fair value of the derivatives are offset against the changes in the fair value of the underlying note in interest expense, net (see note 14).

The following table reflects the fair value measurements used in testing the impairment of long-lived assets and goodwill during the year ended December 31, 2013 (in thousands):



			Fair Value Measurements at Reporting Date Using
	December 31, 2013		(Level 1)		(Level 2)		(Level 3)		Total Losses
Property, plant and equipment, net	$	328,876	$	-	$	-	$	328,876	$	243,781
Goodwill		-		-		-		-	$	91,016
Intangible assets	$	4,355	$	-	$	-	$	4,355	$	18,296

During the year ended December 31, 2013, the Company recorded $243.8 million in expense related to reduction in carrying values of its property, plant and equipment, $98.3 million of which was included in the discontinued operations on the statement of operations. During the year ended December 31, 2013, the Company recorded a $91.0 million expense related to reduction in value of goodwill. In addition, the Company recorded an $18.3 million expense, primarily, related to reduction in carrying values of the intangible assets in the subsea construction division, of which $15.3 million is included in the discontinued operations on the statement of operations. See note 9 for a discussion of reduction in value of assets expense recorded during 2013.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2014

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

(14) Derivative Financial Instruments

From time to time, the Company may enter into interest rate swaps in an attempt to achieve a more balanced debt portfolio between fixed and variable debt. The Company does not use derivative financial instruments for trading or speculative purposes.

The Company has three interest rate swaps for notional amounts of $100 million each related to its 7 1/8% senior notes maturing in December 2021. These transactions are designated as fair value hedges since the swaps hedge against the change in fair value of fixed rate debt resulting from changes in interest rates. The Company recorded a derivative asset of $4.2 million and $0.3 million within intangible and other long term assets in the consolidated balance sheets as of December 31, 2014 and 2013, respectively, relating to these swaps.

The changes in fair value of the interest rate swaps are included in the adjustments to reconcile net income to net cash provided by operating activities in the consolidated statement of cash flows. The location and effect of the derivative instrument on the consolidated statement of operations for the years ended December 31, 2014, 2013 and 2012, presented on a pre-tax basis, is as follows (in thousands):



Effect of derivative instrument	Location of (gain) loss recognized	2014		2013			2012
Interest rate swap	Interest expense, net	$	(11,054)	$	13,079	$	(3,632)
Hedged item - debt	Interest expense, net		7,208		(12,303)		2,346
		$	(3,846)	$	776	$	(1,286)

For the years ended December 31, 2014, 2013 and 2012, $3.8 million of interest income, $0.8 million of interest expense and $1.3 million of interest income, respectively, was related to the ineffectiveness associated with these fair value hedges. Hedge ineffectiveness represents the difference between the changes in fair value of the derivative instruments and the changes in fair value of the fixed rate debt attributable to changes in the benchmark interest rate.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 3
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	(15) Related Party Transactions The Company purchases services, products and equipment, as well as leases certain facilities, from companies affiliated with an officer of one of its subsidiaries. The Company believes the transactions reflected below with these related parties are on terms and conditions no less favorable to the Company than transactions with unaffiliated parties. For the years ended December 31, 2014, 2013 and 2012, these transactions totaled approximately $221.1 million, $164.8 million and $240.3 million, respectively. For the year ended December 31, 2014, $92.1 million was purchased from ORTEQ Energy Services, a heavy equipment construction company which also manufactures pressure pumping equipment, $0.7 million was purchased from Ortowski Construction, primarily related to the manufacture of pressure pumping units, $21.6 million was paid to Resource Transport, LLC, related to the transportation of sand used in pressure pumping equipment, $79.3 million was purchased from Texas Specialty Sands, LLC primarily for the purchase of sand used for pressure pumping activities, $25.5 million was purchased from ProFuel, LLC, primarily related to the purchase of diesel used to operate equipment and trucks and $1.9 million was related to facilities leased from Timber Creek Real Estate Partners. For the year ended December 31, 2013, $52.8 million was purchased from ORTEQ Energy Services, $14.0 million was paid to Resource Transport, LLC, $69.1 million was purchased from Texas Specialty Sands, LLC, $26.9 million was purchased from ProFuel, LLC, and $2.0 million was related to facilities leased from Timber Creek Real Estate Partners. For the year ended December 31, 2012, $111.6 million was purchased from ORTEQ Energy Services, $4.1 million was purchased from Ortowski Construction, $12.1 million was paid to Resource Transport, $91.9 million was purchased from Texas Specialty Sands, LLC, $18.9 million was purchased from ProFuel, LLC, and $1.7 million was related to facilities leased from Timber Creek Real Estate Partners. As of December 31, 2014, the Company’s trade accounts payable includes amounts due to these companies totaling approximately $26.8 million, of which $10.1 million was due ORTEQ Energy Services, $1.7 million was due Resource Transport, $14.0 million was due Texas Specialty Sands, and $1.0 million was due ProFuel, LLC. No amounts were due Ortowski Construction and Timber Creek Real Estate Partners. As of December 31, 2013, the Company’s trade accounts payable includes amounts due to these companies totaling approximately $14.6 million, of which $7.8 million was due ORTEQ Energy Services, $0.9 million was due Resource Transport, LLC, $2.0 million was due Texas Specialty Sands, LLC, $2.6 million was due ProFuel, LLC and $1.3 million was due Timber Creek Real Estate Partners. The Company’s President and Chief Executive Officer serves as an independent director of the board of Linn Energy, LLC (Linn), an independent oil and gas development company with focus areas in the Rockies, Mid-Continent, the Hugoton Basin, California, the Permian Basin, Michigan, Illinois and east Texas. The Company recorded revenues from Linn of $19.7 million, $26.9 million and $21.1 million for the years ended December 31, 2014, 2013 and 2012, respectively. The Company had trade receivables from Linn of $1.6 million and $2.9 million as of December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Interim Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2014

Interim Financial Information (Unaudited) [Abstract]

Interim Financial Information (Unaudited)

(16) Interim Financial Information (Unaudited)

The following is a summary of consolidated interim financial information for the two years ended December 31, 2014 and 2013 (in thousands):



	Three Months Ended
	March 31		June 30		Sept. 30		Dec. 31
2014
Revenues	$	1,061,418	$	1,107,552	$	1,209,026	$	1,178,626
Less:
Cost of services and rentals		651,605		650,293		721,692		711,243
Depreciation, depletion, amortization and accretion		162,318		160,965		170,154		157,377
Gross profit		247,495		296,294		317,180		310,006
Net income from operations		42,626		79,057		85,743		73,364
Loss from discontinued operations, net of tax		(5,954)		(3,895)		(5,886)		(7,238)
Net income		36,672		75,162		79,857		66,126
Earnings per share from continuing operations:
Basic	$	0.27	$	0.51	$	0.55	$	0.49
Diluted		0.27		0.50		0.55		0.48
Loss per share from discontinued operations:
Basic	$	(0.04)	$	(0.03)	$	(0.03)	$	(0.05)
Diluted		(0.04)		(0.03)		(0.04)		(0.05)

	Three Months Ended
	March 31		June 30		Sept. 30		Dec. 31
2013
Revenues	$	1,086,872	$	1,091,129	$	1,096,412	$	1,075,644
Less:
Cost of services and rentals		651,594		646,704		671,632		663,660
Depreciation, depletion, amortization and accretion		144,964		149,440		152,028		158,009
Gross profit		290,314		294,985		272,752		253,975
Reduction in value of assets		-		-		-		300,078
Net income (loss) from continuing operations		80,618		74,079		67,469		(176,681)
Income (loss) from discontinued operations, net of tax		(16,891)		(5,520)		2,366		(136,858)
Net income (loss)		63,727		68,559		69,835		(313,539)
Earnings (loss) per share from continuing operations:
Basic	$	0.51	$	0.46	$	0.42	$	(1.11)
Diluted		0.51		0.46		0.42		(1.11)
Earnings (loss) per share from discontinued operations:
Basic	$	(0.11)	$	(0.03)	$	0.02	$	(0.86)
Diluted		(0.11)		(0.03)		0.01		(0.86)

Accelerated Share Repurchase Program	12 Months Ended
Accelerated Share Repurchase Program	Dec. 31, 2014
Accelerated Share Repurchase Program [Abstract]
Accelerated Share Repurchases Program	(17) Accelerated Share Repurchase Program During 2014, the Company entered into an accelerated share repurchase program with a third-party financial institution to purchase $75.0 million aggregate amount of shares of the Company’s outstanding common stock. The Company paid $75.0 million and received and retired 2,532,540 shares of its outstanding common stock.

Supplementary Oil And Natural Gas Disclosures (Unaudited)

12 Months Ended

Dec. 31, 2014

Supplementary Oil And Natural Gas Disclosures [Abstract]

Supplementary Oil And Natural Gas Disclosures (Unaudited)

(18) Supplementary Oil and Natural Gas Disclosures (Unaudited)

The Company’s December 31, 2014 estimates of proved reserves are based on reserve reports prepared by Ryder Scott Company, L.P., independent petroleum engineers. The Company’s December 31, 2013 and 2012 estimates of proved reserves are based on reserve reports prepared by Netherland, Sewell & Associates, Inc., independent petroleum engineers. Users of this information should be aware that the process of estimating quantities of “proved”, “proved developed” and “proved undeveloped” natural gas and crude oil reserves is very complex, requiring significant subjective decisions in the evaluation of all available geological, engineering and economic data for each reservoir. This data may also change substantially over time as a result of multiple factors including, but not limited to, additional development activity, evolving production history and continual reassessment of the viability of production under varying economic conditions. Consequently, material revisions to existing reserve estimates occur from time to time. Although every reasonable effort is made to ensure that reserve estimates reported represent the most accurate assessments possible, the significance of the subjective decisions required and variances in available data for various reservoirs make these estimates generally less precise than other estimates presented in connection with financial statement disclosures. Proved reserves are estimated quantities of natural gas, crude oil and condensate that geological and engineering data demonstrate, with reasonable certainty, to be recoverable in future years from known reservoirs under existing economic and operating conditions. Proved developed reserves are proved reserves that can be expected to be recovered through existing wells with existing equipment and operating methods. Proved undeveloped reserves are proved reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for completion.

Oil and Natural Gas Reserves

The following table sets forth the Company’s net proved reserves, including the changes therein, and proved developed reserves:



	Crude Oil	Natural Gas
	(Mbbls)	(Mmcf)
Proved-developed and undeveloped reserves:
December 31, 2011	6,430	6,268
Revisions	2,234	5,357
Production	(457)	(341)
December 31, 2012	8,207	11,284
Revisions	(3,203)	(4,036)
Production	(411)	(296)
December 31, 2013	4,593	6,952
Revisions	(438)	1,431
Production	(738)	(1,247)
December 31, 2014	3,417	7,136

Proved-developed reserves:
December 31, 2012	5,076	5,085
December 31, 2013	2,397	2,100
December 31, 2014	3,184	6,945
Proved-undeveloped reserves:
December 31, 2012	3,131	6,199
December 31, 2013	2,196	4,852
December 31, 2014	233	191

During the year ended December 31, 2013, the Company incurred a downward revision to its proved oil and natural gas reserves due to its drilling results during the year and resulting year-end production rates.

Costs Incurred in Oil and Natural Gas Activities

The following table displays certain information regarding the costs incurred associated with finding, acquiring and developing the Company’s proved oil and natural gas reserves for the years ended December 31, 2014, 2013 and 2012 (in thousands):



	2014		2013		2012
Acquisition of properties - proved	$	-	$	-	$	-
Acquisition of properties - unproved		-		-		-
Exploratory costs		-		-		-
Development costs		52,719		51,527		34,685
Total costs incurred	$	52,719	$	51,527	$	34,685

Capitalized costs for oil and gas producing activities consist of the following (in thousands):



	As of December 31,
	2014		2013
Proved oil and gas properties	$	189,294	$	136,350
Accumulated depreciation, depletion and amortization		(55,864)		(21,158)
Capitalized costs, net	$	133,430	$	115,192

Productive Wells Summary

The following table presents the Company’s ownership of productive oil wells as of December 31, 2014. Productive wells consist of producing wells and wells capable of production. In the table, “gross” refers to the total wells in which the Company owns a working interest and “net” refers to the sum of fractional interests owned in gross wells.



	Productive Wells
	Gross	Net
Oil	10.00	5.10

Acreage

The following table sets forth information as of December 31, 2014 relating to acreage held by the Company. Developed acreage is assigned to productive wells.



	Gross	Net
	Acreage	Acreage
Developed	23,040	11,750
Undeveloped	-	-
Total	23,040	11,750

Drilling Activity

The following table shows the Company’s drilling activity for the years ended December 31, 2014 and 2013. In the table, “gross” refers to the total wells in which the Company has a working interest and “net” refers to the gross wells multiplied by the Company’s working interest in these wells. Well activity refers to the number of wells completed during a fiscal year, regardless of when drilling first commenced.



	2014		2013
	Gross	Net	Gross	Net
Exploratory Wells
Productive	-	-	-	-
Non-productive	-	-	-	-
Total	-	-	-	-

Development Wells
Productive	2.00	1.02	2.00	1.02
Non-productive	1.00	0.51	1.00	0.51
Total	3.00	1.53	3.00	1.53

Results of Operations

The following table sets forth the Company’s results of operations for producing activities for the years ended December 31, 2014, 2013 and 2012 (in thousands):



	2014		2013		2012
Revenues
Sales	$	77,845	$	47,050	$	57,757
Production costs		13,529		9,876		12,332
Exploration expenses		-		-		-
Depreciation, depletion and amortization		38,768		12,032		9,818
		25,548		25,142		35,607
Income tax expenses		9,325		8,800		13,175
Results of operations from producing activities (excluding corporate overhead)	$	16,223	$	16,342	$	22,432

The Company’s oil and gas operations are in the Gulf of Mexico. The Company’s average sales price was $92.86 per barrel of oil and $4.95 per mcf of gas in 2014, $101.85 per barrel of oil and $3.98 per mcf of gas in 2013 and $100.70 per barrel of oil and $2.45 per mcf of gas in 2012. Average production costs were $7.29, $10.70 and $10.71 per barrel of oil equivalent in years ended December 31, 2014, 2013 and 2012, respectively.

Standardized Measure of Discounted Future Net Cash Flows Relating to Reserves

The following information has been developed utilizing procedures prescribed by authoritative guidance related to oil and gas activities. It may be useful for certain comparative purposes, but should not be solely relied upon in evaluating the Company or its performance. Further, information contained in the following table should not be considered as representative of realistic assessments of future cash flows, nor should the standardized measure of discounted future net cash flows be viewed as representative of the current value of the Company.

The Company believes that the following factors should be taken into account in reviewing this information: (1) future costs and selling prices will likely differ from those required to be used in these calculations; (2) due to future market conditions and governmental regulations, actual rates of production achieved in future years may vary significantly from the rate of production assumed in the calculations; (3) selection of a 10% discount rate is arbitrary and may not be reasonable as a measure of the relative risk inherent in realizing future net oil and gas revenues; and (4) future net revenues may be subject to different rates of income taxation.

Under the standardized measure, future cash inflows were estimated by applying period-end oil and natural gas prices adjusted for differentials. Future cash inflows were reduced by estimated future development, abandonment and production costs based on period-end costs in order to arrive at net cash flow before tax. Future income tax expense has been computed by applying period-end statutory tax rates to aggregate future net cash flows, reduced by the tax basis of the properties involved and tax carryforwards. Use of a 10% discount rate is required by authoritative guidance related to oil and gas activities.

The standardized measure of discounted future net cash flows relating to proved oil and natural gas reserves as of December 31, 2014, 2013 and 2012 is as follows (in thousands):



	2014		2013		2012
Future cash inflows	$	336,944	$	496,704	$	891,215
Future production costs		(71,209)		(82,487)		(141,980)
Future development and abandonment costs		(111,374)		(156,340)		(91,632)
Future income tax expenses		(60,345)		(89,507)		(229,808)
Future net cash flows		94,016		168,370		427,795
10% annual discount for estimated timing of cash flows		(17,034)		10,641		124,365
Standardized measure of discounted future net cash flows	$	111,050	$	157,729	$	303,430

For 2014, the 10% annual discount for the estimated timing of cash flows resulted in a negative discount as a result of significant abandonment costs that will occur at the end of the life of the platform. See note 1 (Decommissioning Liabilities).

A summary of the changes in the standardized measure of discounted future net cash flows applicable to proved oil and natural gas reserves for the years ended December 31, 2014, 2013 and 2012 is as follows (in thousands):


	2014		2013		2012
Beginning of the period	$	157,729	$	303,430	$	237,749
Net change in sales and transfer prices and in production (lifting) costs related to future production		(57,568)		(13,278)		(17,734)
Changes in estimated future development costs		(5,512)		(48,594)		(5,569)
Sales and transfers of oil and gas produced during the period		(64,316)		(45,866)		(45,425)
Net change due to extensions, discoveries, and improved recovery		-		75,304		206,313
Net changes due to revisions in quantity estimates		(8,396)		(228,620)		(63,192)
Previously estimated development costs incurred during the period		40,962		10,136		4,748
Accretion of discount		24,251		46,711		37,252
Other-unspecified		4,125		(24,169)		(21,799)
Net change in income taxes		19,775		82,675		(28,913)
Aggregate change in the standardized measure of discounted future net cash flows for the year		(46,679)		(145,701)		65,681
End of the period	$	111,050	$	157,729	$	303,430

The December 31, 2014 amount was estimated by Ryder Scott Company, L.P. using a twelve month average WTI price of $94.99 per barrel (bbl), and a Henry Hub gas price of $4.35 per million British Thermal Units, and price differentials.

The December 31, 2013 amount was estimated by Netherland, Sewell & Associates, Inc. using a twelve month average WTI price of $93.42 per barrel (bbl), and a Henry Hub gas price of $3.670 per million British Thermal Units, and price differentials.

The December 31, 2012 amount was estimated by Netherland, Sewell & Associates, Inc. using a twelve month average WTI price of $91.21 per barrel (bbl), and a Henry Hub gas price of $2.757 per million British Thermal Units, and price differentials.

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES

Schedule II Valuation and Qualifying Accounts

Years Ended December 31, 2014, 2013 and 2012

(in thousands)



	Balance at the		Charged to
	beginning of		costs and				Discontinued		Balance at the
Description	the year		expenses		Deductions		operations		end of the year
Year ended December 31, 2014: Allowance for doubtful accounts	$	31,030	$	6,299	$	10,639	$	4,614	$	22,076
Year ended December 31, 2013: Allowance for doubtful accounts	$	28,715	$	7,587	$	7,763		(2,491)	$	31,030
Year ended December 31, 2012: Allowance for doubtful accounts	$	17,484	$	11,038	$	2,308		(2,501)	$	28,715

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2014

Summary Of Significant Accounting Policies [Abstract]

Basis of Presentation

Business

Use of Estimates

Major Customers and Concentration of Credit Risk

Cash Equivalents

The Company considers all short-term investments with a maturity of 90 days or less when purchased to be cash equivalents.

Accounts Receivable and Allowances

Inventory and Other Current Assets

Inventory

Property, Plant and Equipment

Buildings and improvements	5	to	40	years
Marine vessels and equipment	5	to	25	years
Machinery and equipment	2	to	25	years
Automobiles, trucks, tractors and trailers	3	to	10	years
Furniture and fixtures	2	to	10	years

Capitalized Interest

Reduction in Value of Long-Lived Assets

Goodwill

The following table summarizes the activity for the Company’s goodwill for the years ended December 31, 2014 and 2013 (in thousands):



			Onshore
	Drilling		Completion
	Products		and Workover		Production		Technical
	and Services		Services		Services		Solutions		Total
Balance, December 31, 2012	$	144,947	$	1,418,050	$	878,052	$	91,016	$	2,532,065
Acquisition activities		-		1,500		15,099		-		16,599
Disposition activities		(756)		-		-		-		(756)
Reduction in value of assets		-		-		-		(91,016)		(91,016)
Foreign currency translation adjustment		681		-		536		-		1,217
Balance, December 31, 2013		144,872		1,419,550		893,687		-		2,458,109
Acquisition activities		-		-		13,909		-		13,909
Disposition activities		-		-		-		-		-
Foreign currency translation adjustment		(2,033)		-		(1,576)		-		(3,609)
Balance, December 31, 2014	$	142,839	$	1,419,550	$	906,020	$	-	$	2,468,409

See note 9 for a discussion of reduction in value of goodwill recorded during 2013. As of December 31, 2014, the Company’s accumulated reduction in value of goodwill was $91.0 million.

Notes Receivable

Intangible and Other Long-Term Assets

Intangible and other long-term assets consist of the following as of December 31, 2014 and 2013 (in thousands):



	December 31, 2014						December 31, 2013
	Gross		Accumulated		Net		Gross		Accumulated		Net
	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	$	339,695	$	(64,954)	$	274,741	$	335,590	$	(44,117)	$	291,473
Tradenames		41,265		(13,151)		28,114		45,025		(9,175)		35,850
Non-compete agreements		4,487		(3,281)		1,206		4,256		(2,163)		2,093
Debt issuance costs		63,829		(36,360)		27,469		63,829		(28,250)		35,579
Deferred compensation plan assets		12,982		-		12,982		13,731		-		13,731
Escrowed cash		58,421		-		58,421		58,406		-		58,406
Other		18,356		(929)		17,427		14,597		(862)		13,735
Total	$	539,035	$	(118,675)	$	420,360	$	535,434	$	(84,567)	$	450,867

Decommissioning Liabilities

The following table summarizes the activity for the Company’s decommissioning liabilities for the years ended December 31, 2014 and 2013 (in thousands):



	2014		2013
Decommissioning liabilities, December 31, 2013 and 2012, respectively	$	83,519	$	93,053
Liabilities acquired and incurred		866		445
Liabilities settled		(579)		(87)
Accretion		4,470		5,320
Revisions in estimated timing and cash flows		(276)		(15,212)
Total decommissioning liabilities, December 31, 2014 and 2013, respectively	$	88,000	$	83,519

Revenue Recognition

Taxes Collected from Customers

Income Taxes

Earnings (Loss) per Share

Earnings per Share

Cash Dividends Policy Text Block

Cash Dividends

Discontinued Operations

Fair Value Measurements

Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities;

Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.

Financial Instruments

Foreign Currency

Stock-Based Compensation

Derivative Instruments and Hedging Activities

Self Insurance Reserves

Self-Insurance Reserves

Subsequent Events

Recently Issued Accounting Pronouncements

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary Of Significant Accounting Policies [Abstract]

Estimated Useful Lives Of The Related Assets

Buildings and improvements	5	to	40	years
Marine vessels and equipment	5	to	25	years
Machinery and equipment	2	to	25	years
Automobiles, trucks, tractors and trailers	3	to	10	years
Furniture and fixtures	2	to	10	years

Summary Of Activity Of Goodwill



			Onshore
	Drilling		Completion
	Products		and Workover		Production		Technical
	and Services		Services		Services		Solutions		Total
Balance, December 31, 2012	$	144,947	$	1,418,050	$	878,052	$	91,016	$	2,532,065
Acquisition activities		-		1,500		15,099		-		16,599
Disposition activities		(756)		-		-		-		(756)
Reduction in value of assets		-		-		-		(91,016)		(91,016)
Foreign currency translation adjustment		681		-		536		-		1,217
Balance, December 31, 2013		144,872		1,419,550		893,687		-		2,458,109
Acquisition activities		-		-		13,909		-		13,909
Disposition activities		-		-		-		-		-
Foreign currency translation adjustment		(2,033)		-		(1,576)		-		(3,609)
Balance, December 31, 2014	$	142,839	$	1,419,550	$	906,020	$	-	$	2,468,409

Composition Of Intangible And Other Long-term Assets



	December 31, 2014						December 31, 2013
	Gross		Accumulated		Net		Gross		Accumulated		Net
	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	$	339,695	$	(64,954)	$	274,741	$	335,590	$	(44,117)	$	291,473
Tradenames		41,265		(13,151)		28,114		45,025		(9,175)		35,850
Non-compete agreements		4,487		(3,281)		1,206		4,256		(2,163)		2,093
Debt issuance costs		63,829		(36,360)		27,469		63,829		(28,250)		35,579
Deferred compensation plan assets		12,982		-		12,982		13,731		-		13,731
Escrowed cash		58,421		-		58,421		58,406		-		58,406
Other		18,356		(929)		17,427		14,597		(862)		13,735
Total	$	539,035	$	(118,675)	$	420,360	$	535,434	$	(84,567)	$	450,867

Summary Of The Activity For Company's Decommissioning Liabilities



	2014		2013
Decommissioning liabilities, December 31, 2013 and 2012, respectively	$	83,519	$	93,053
Liabilities acquired and incurred		866		445
Liabilities settled		(579)		(87)
Accretion		4,470		5,320
Revisions in estimated timing and cash flows		(276)		(15,212)
Total decommissioning liabilities, December 31, 2014 and 2013, respectively	$	88,000	$	83,519

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information



	2014		2013		2012
Cash paid for interest, net of amounts capitalized	$	102,880	$	97,129	$	109,112

Cash paid for income taxes, net of refunds	$	127,132	$	164,158	$	42,261

Details of business acquisitions:
Fair value of assets	$	29,468	$	34,964	$	4,364,872
Fair value of liabilities		(5,125)		(10,942)		(695,243)
Common stock issued		-		-		(2,361,466)
Cash paid		24,343		24,022		1,308,163
Less cash acquired		(16)		(225)		(217,002)
Net cash paid for acquisitions	$	24,327	$	23,797	$	1,091,161

Non-cash investing activity:
Capital expenditures included in accounts payable,
accrued expenses and other long term liabilities	$	49,118	$	70,463	$	61,035

Non-cash financing activity:
Cash dividends declared	$	-	$	12,759	$	-

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Components Of Income (Loss) From Discontinued Operations



	2014		2013		2012
Revenues	$	145,463	$	261,767	$	274,792

Loss from discontinued operations, net of tax (benefit) expense of ($19,330), ($15,439) and $1,774, for the years ended December 31, 2014, 2013 and 2012, respectively	$	(22,973)	$	(156,903)	$	(775)

Assets And Liabilities Of Disposal Groups



	2014		2013
Accounts receivable, net	$	16,701	$	26,858
Prepaid expenses		2,463		8,164
Inventory and other current assets		5,576		63,618
Current assets	$	24,740	$	98,640
Property, plant and equipment, net		91,171		217,089
Intangible and other long-term assets, net		769		4,854
Long-term assets	$	91,940	$	221,943
Accounts payable		20,530		13,449
Accrued expenses		24,496		52,133
Current liabilities	$	45,026	$	65,582
Other long-term liabilities	$	16,814	$	21,801

Segment, Derrick Barges and Liftboats [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Components Of Income (Loss) From Discontinued Operations


	2012
Revenues	$	16,231

Loss from discontinued operations, net of tax benefit of $620	$	(17,207)

Property, Plant And Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant And Equipment [Abstract]

Summary Of Property, Plant And Equipment



	2014		2013
Buildings, improvements and leasehold improvements	$	328,651	$	284,273
Marine vessels and equipment		55,494		137,955
Machinery and equipment		4,126,570		3,864,599
Automobiles, trucks, tractors and trailers		66,032		64,102
Furniture and fixtures		75,631		72,563
Construction-in-progress		102,895		211,017
Land		58,814		56,786
Oil and gas producing assets		189,294		137,910
Total		5,003,381		4,829,205
Accumulated depreciation and depletion		(2,269,542)		(1,827,011)
Property, plant and equipment, net	$	2,733,839	$	3,002,194

Inventory and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]



	2014		2013
Finished goods	$	72,788	$	65,621
Raw materials		29,718		20,764
Work-in-process		20,317		20,064
Supplies and consumables		42,739		56,470
Total	$	165,562	$	162,919

Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt [Abstract]

Summary Of Long-Term Debt



	2014		2013
Term loan - interest payable monthly at floating rate and principal payable quarterly, due February 2017	$	345,000	$	365,000
Senior Notes - interest payable semiannually at 6 3/8%, due May 2019		500,000		500,000
Senior Notes - interest payable semiannually at 7 1/8%, due December 2021		800,000		800,000
Other		3,783		1,535
		1,648,783		1,666,535
Less current portion		20,941		20,000
Long-term debt	$	1,627,842	$	1,646,535

Schedule Of Maturities Of Long-Term Debt



2015	$	20,941
2016		21,134
2017		306,085
2018		623
2019		500,000
Thereafter		800,000
Total	$	1,648,783

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Stock-Based And Long-Term Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Stock-Based And Long-Term Compensation [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]



Compensation Expense
	2014		2013		2012
Stock options	$	3,900	$	3,586	$	4,829
Restricted stock		15,800		21,460		16,981
Restricted stock units		11,282		-		2,360
Performance share units		10,688		10,014		11,894
Strategic performance share units		2,404		-		-
Total	$	44,074	$	35,060	$	36,064

Tax Benefit
	2014		2013		2012
Stock options	$	1,443	$	1,327	$	1,787
Restricted stock		5,846		7,940		6,283
Restricted stock units		4,174		-		873
Total	$	11,463	$	9,267	$	8,943

Summary Of The Valuation Assumptions Used To Calculate The Fair Value Of Stock Option Grants



	2014		2013		2012
Weighted average fair value of grants	$	6.95	$	8.98	$	21.76

Black-Scholes-Merton Assumptions:
Risk free interest rate		1.42%		0.63%		0.41%
Expected life (years)		4		4		2
Volatility		34.50%		48.41%		55.27%
Dividend yield		1.23		-		-

Summary Of Stock Option Activity



	Number of Options	Weighted Average Option Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2013	4,857,376	$	21.43	4.8	$	29,990
Granted	567,084	$	26.01
Exercised	(880,687)	$	11.99
Forfeited	(41,166)	$	25.39
Expired	(18,102)	$	35.77
Outstanding as of December 31, 2014	4,484,505	$	23.76	5.1	$	4,095
Exercisable as of December 31, 2014	3,660,017	$	23.45	4.3	$	4,095
Options expected to vest as of December 31, 2014	824,488	$	25.14	8.7	$	-

Summary Of Non-Vested Stock Option Activity



	Number of Options	Weighted Average Grant Date Fair Value
Non-vested as of December 31, 2013	536,498	$	10.19
Granted	567,084	$	6.95
Vested	(237,928)	$	13.39
Forfeited	(41,166)	$	8.16
Non-vested as of December 31, 2014	824,488	$	7.83

Summary Of The Status Of Restricted Stock



	Number of Shares	Weighted Average Grant Date Fair Value
Non-vested as of December 31, 2013	2,020,448	$	24.71
Vested	(842,257)	$	27.27
Forfeited	(155,911)	$	24.29
Non-vested as of December 31, 2014	1,022,280	$	24.08

Summary Of Restricted Stock Unit Activity



	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2013	324,481	$	26.34
Granted	1,352,184	$	26.45
Vested	(95,914)	$	30.65
Forfeited	(164,274)	$	26.36
Outstanding as of December 31, 2014	1,416,477	$	26.40

Summary Of Employee Stock Purchase Plan Activity Table Text Block



	2014		2013		2012
	2013 Plan		2013 and 2007 Plans		2007 Plan
Cash received for shares issued	$	4,870	$	4,124	$	2,855
Compensation expense	$	1,078	$	947	$	504
Shares issued		246,480		185,407		147,026

Reduction in Value of Assets (Tables)

12 Months Ended

Dec. 31, 2014

Reduction In Value Of Assets [Abstract]

Reduction in Value of Assets [Table Text Block]



	2013
Reduction in value of long-lived assets and related other assets	$	180,320
Reduction in value of goodwill		91,016
Retirements of long-lived assets		14,418
Reduction in value of assets related to Venezuela exit activities		14,324
Total reduction in value of assets	$	300,078

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Schedule Of Components Of Income And Loss From Continuing Operations Before Income Taxes



	2014		2013		2012
Domestic	$	372,672	$	165,463	$	554,675
Foreign		69,517		(64,706)		52,488
	$	442,189	$	100,757	$	607,163

Schedule Of Components Of Income Tax Expense (Benefit)



	2014		2013		2012
Current:
Federal	$	150,997	$	19,897	$	119,797
State		11,339		10,816		14,155
Foreign		36,287		25,613		33,279
		198,623		56,326		167,231
Deferred:
Federal		(33,172)		(6,341)		54,718
State		648		386		915
Foreign		(4,700)		4,901		382
		(37,224)		(1,054)		56,015
	$	161,399	$	55,272	$	223,246

Schedule Of Effective Income Tax Rate Reconciliation



	2014		2013		2012
Computed expected tax expense	$	154,766	$	35,265	$	212,581
Increase (decrease) resulting from
State and foreign income taxes		8,467		(852)		15,176
Reduction in value of assets		-		34,874		-
Other		(1,834)		(14,015)		(4,511)
Income tax	$	161,399	$	55,272	$	223,246

Schedule Of Deferred Tax Assets and Liabilities



	2014		2013
Deferred tax assets:
Allowance for doubtful accounts	$	3,942	$	8,482
Operating loss and tax credit carryforwards		21,928		32,543
Compensation and employee benefits		57,045		50,136
Decommissioning liabilities		21,029		22,124
Other		50,641		51,161
		154,585		164,446
Valuation allowance		-		-
Net deferred tax assets		154,585		164,446
Deferred tax liabilities:
Property, plant and equipment		648,054		671,172
Notes receivable		5,718		5,429
Goodwill and other intangible assets		138,017		136,940
Deferred revenue on long-term contracts		1,470		21,354
Other		32,184		56,846
Deferred tax liabilities		825,443		891,741
Net deferred tax liability	$	670,858	$	727,295

Net Deferred Tax Liabilities Classified In The Consolidated Balance Sheet



	2014		2013
Deferred tax assets:
Current deferred income taxes	$	32,138	$	8,785
Deferred tax liabilities:
Non-current deferred income taxes		(702,996)		(736,080)
Net deferred tax liability	$	(670,858)	$	(727,295)

Summary Of Activity In Unrecognized Tax Benefits



	2014		2013		2012
Unrecognized tax benefits, December 31, 2013, 2012 and 2011, respectively	$	29,899	$	26,399	$	21,692
Additions based on tax positions related to current year		-		-		-
Additions based on tax positions related to prior years		7,860		5,065		6,873
Reductions based on tax positions related to prior years		(7,415)		(1,565)		(2,166)
Unrecognized tax benefits, December 31, 2014, 2013 and 2012, respectively	$	30,344	$	29,899	$	26,399

Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Information [Abstract]

Schedule Of Segment Reporting Information



Year Ended December 31, 2014

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	923,849	$	1,727,904	$	1,356,057	$	548,812	$	-	$	4,556,622
Cost of services and rentals
(exclusive of items shown separately below)		290,341		1,201,497		945,201		297,794		-		2,734,833
Depreciation, depletion, amortization and accretion		187,825		233,479		165,144		64,366		-		650,814
General and administrative expenses		155,606		159,325		190,172		119,268		-		624,371
Income from operations		290,077		133,603		55,540		67,384		-		546,604
Interest expense, net		-		-		-		1,577		(98,311)		(96,734)
Other expense		-		-		-		-		(7,681)		(7,681)
Income (loss) from continuing operations before income taxes	$	290,077	$	133,603	$	55,540	$	68,961	$	(105,992)	$	442,189



Year Ended December 31, 2013

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	838,514	$	1,596,704	$	1,445,555	$	469,284	$	-	$	4,350,057
Cost of services and rentals
(exclusive of items shown separately below)		276,131		1,083,494		1,011,933		262,032		-		2,633,590
Depreciation, depletion, amortization and accretion		169,296		215,506		178,442		41,197		-		604,441
General and administrative expenses		142,850		156,405		190,931		107,592		-		597,778
Reduction in value of assets		2,292		16,975		28,568		252,243		-		300,078
Income (loss) from operations		247,945		124,324		35,681		(193,780)		-		214,170
Interest expense, net		-		-		-		1,323		(109,225)		(107,902)
Other income (expense)		-		-		-		836		(5,463)		(4,627)
Loss on early extinguishment of debt		-		-		-		-		(884)		(884)
Income (loss) from continuing operations before income taxes	$	247,945	$	124,324	$	35,681	$	(191,621)	$	(115,572)	$	100,757



Year Ended December 31, 2012

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	775,066	$	1,593,977	$	1,510,990	$	413,243	$	-	$	4,293,276
Cost of services and rentals
(exclusive of items shown separately below)		255,853		1,039,732		929,552		244,283		-		2,469,420
Depreciation, depletion, amortization and accretion		150,687		171,853		135,910		29,611		-		488,061
General and administrative expenses		130,954		185,548		210,411		98,509		-		625,422
Income from operations		237,572		196,844		235,117		40,840		-		710,373
Interest expense, net		-		-		-		849		(117,328)		(116,479)
Other expense		-		-		-		(212)		(2,105)		(2,317)
Loss on early extinguishment of debt		-		-		-		-		(2,294)		(2,294)
Gain on sale of equity-method investment										17,880		17,880
Income (loss) from continuing operations before income taxes	$	237,572	$	196,844	$	235,117	$	41,477	$	(103,847)	$	607,163

Schedule Of Identifiable Assets



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
December 31, 2014	$	1,304,110	$	3,010,295	$	2,116,171	$	946,813	$	-	$	7,377,389
December 31, 2013	$	1,245,501	$	2,973,916	$	2,176,785	$	1,015,105	$	-	$	7,411,307
December 31, 2012	$	1,086,804	$	3,223,984	$	2,185,779	$	1,295,134	$	11,185	$	7,802,886

Schedule of Capital Expenditures Table Text Block



Capital Expenditures
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Consolidated
	Services		Services		Services		Solutions		Total
December 31, 2014	$	254,500	$	160,888	$	95,796	$	95,037	$	606,221
December 31, 2013	$	269,152	$	99,517	$	107,412	$	144,388	$	620,469
December 31, 2012	$	246,389	$	308,317	$	334,670	$	279,729	$	1,169,105

Schedule Of Revenues By Geographic Segment



Revenues
	Years Ended December 31,
	2014		2013		2012
United States	$	3,848,929	$	3,674,825	$	3,680,817
Other Countries		707,693		675,232		612,459
Total	$	4,556,622	$	4,350,057	$	4,293,276

Long-Lived Assets
			As of December 31,
			2014		2013
United States			$	2,416,306	$	2,476,792
Other Countries				317,533		525,402
Total, net			$	2,733,839	$	3,002,194

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis



			Fair Value Measurements at Reporting Date Using
	December 31, 2014		Level 1		Level 2		Level 3
Intangible and other long-term assets, net
Non-qualified deferred compensation assets	$	12,982	$	1,481	$	11,501		-
Interest rate swaps	$	4,183		-	$	4,183		-
Accounts payable
Non-qualified deferred compensation liabilities	$	2,291		-	$	2,291		-
Other long-term liabilities
Non-qualified deferred compensation liabilities	$	14,720		-	$	14,720		-

	December 31, 2013		Level 1		Level 2		Level 3
Inventory and other current assets
Available-for-sale securities	$	8,817	$	8,817		-		-
Intangible and other long-term assets, net
Non-qualified deferred compensation assets	$	13,731	$	2,330	$	11,401		-
Interest rate swap	$	337		-	$	337		-
Accounts payable
Non-qualified deferred compensation liabilities	$	1,944		-	$	1,944		-
Other long-term liabilities
Non-qualified deferred compensation liabilities	$	14,986		-	$	14,986		-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]



			Fair Value Measurements at Reporting Date Using
	December 31, 2013		(Level 1)		(Level 2)		(Level 3)		Total Losses
Property, plant and equipment, net	$	328,876	$	-	$	-	$	328,876	$	243,781
Goodwill		-		-		-		-	$	91,016
Intangible assets	$	4,355	$	-	$	-	$	4,355	$	18,296

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Financial Instruments [Abstract]

Location And Effect Of The Derivative Instrument On The Statements Of Operations



Effect of derivative instrument	Location of (gain) loss recognized	2014		2013			2012
Interest rate swap	Interest expense, net	$	(11,054)	$	13,079	$	(3,632)
Hedged item - debt	Interest expense, net		7,208		(12,303)		2,346
		$	(3,846)	$	776	$	(1,286)

Interim Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Interim Financial Information (Unaudited) [Abstract]

Schedule Of Interim Financial Information



	Three Months Ended
	March 31		June 30		Sept. 30		Dec. 31
2014
Revenues	$	1,061,418	$	1,107,552	$	1,209,026	$	1,178,626
Less:
Cost of services and rentals		651,605		650,293		721,692		711,243
Depreciation, depletion, amortization and accretion		162,318		160,965		170,154		157,377
Gross profit		247,495		296,294		317,180		310,006
Net income from operations		42,626		79,057		85,743		73,364
Loss from discontinued operations, net of tax		(5,954)		(3,895)		(5,886)		(7,238)
Net income		36,672		75,162		79,857		66,126
Earnings per share from continuing operations:
Basic	$	0.27	$	0.51	$	0.55	$	0.49
Diluted		0.27		0.50		0.55		0.48
Loss per share from discontinued operations:
Basic	$	(0.04)	$	(0.03)	$	(0.03)	$	(0.05)
Diluted		(0.04)		(0.03)		(0.04)		(0.05)

	Three Months Ended
	March 31		June 30		Sept. 30		Dec. 31
2013
Revenues	$	1,086,872	$	1,091,129	$	1,096,412	$	1,075,644
Less:
Cost of services and rentals		651,594		646,704		671,632		663,660
Depreciation, depletion, amortization and accretion		144,964		149,440		152,028		158,009
Gross profit		290,314		294,985		272,752		253,975
Reduction in value of assets		-		-		-		300,078
Net income (loss) from continuing operations		80,618		74,079		67,469		(176,681)
Income (loss) from discontinued operations, net of tax		(16,891)		(5,520)		2,366		(136,858)
Net income (loss)		63,727		68,559		69,835		(313,539)
Earnings (loss) per share from continuing operations:
Basic	$	0.51	$	0.46	$	0.42	$	(1.11)
Diluted		0.51		0.46		0.42		(1.11)
Earnings (loss) per share from discontinued operations:
Basic	$	(0.11)	$	(0.03)	$	0.02	$	(0.86)
Diluted		(0.11)		(0.03)		0.01		(0.86)

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Supplementary Oil And Natural Gas Disclosures [Abstract]

Schedule Of Proved Developed And Undeveloped Oil And Gas Reserves



	Crude Oil	Natural Gas
	(Mbbls)	(Mmcf)
Proved-developed and undeveloped reserves:
December 31, 2011	6,430	6,268
Revisions	2,234	5,357
Production	(457)	(341)
December 31, 2012	8,207	11,284
Revisions	(3,203)	(4,036)
Production	(411)	(296)
December 31, 2013	4,593	6,952
Revisions	(438)	1,431
Production	(738)	(1,247)
December 31, 2014	3,417	7,136

Proved-developed reserves:
December 31, 2012	5,076	5,085
December 31, 2013	2,397	2,100
December 31, 2014	3,184	6,945
Proved-undeveloped reserves:
December 31, 2012	3,131	6,199
December 31, 2013	2,196	4,852
December 31, 2014	233	191

Cost Incurred In Oil And Gas Property Acquisition, Exploration, And Development Activities



	2014		2013		2012
Acquisition of properties - proved	$	-	$	-	$	-
Acquisition of properties - unproved		-		-		-
Exploratory costs		-		-		-
Development costs		52,719		51,527		34,685
Total costs incurred	$	52,719	$	51,527	$	34,685

Capitalized Costs Relating To Oil And Gas Producing Activities



	As of December 31,
	2014		2013
Proved oil and gas properties	$	189,294	$	136,350
Accumulated depreciation, depletion and amortization		(55,864)		(21,158)
Capitalized costs, net	$	133,430	$	115,192

Schedule Of Ownership In Productive Oil And Natural Gas Wells



	Productive Wells
	Gross	Net
Oil	10.00	5.10

Schedule Of Gas And Oil Acreage



	Gross	Net
	Acreage	Acreage
Developed	23,040	11,750
Undeveloped	-	-
Total	23,040	11,750

Schedule Of Drilling Activity



	2014		2013
	Gross	Net	Gross	Net
Exploratory Wells
Productive	-	-	-	-
Non-productive	-	-	-	-
Total	-	-	-	-

Development Wells
Productive	2.00	1.02	2.00	1.02
Non-productive	1.00	0.51	1.00	0.51
Total	3.00	1.53	3.00	1.53

Results Of Operations For Oil And Gas Producing Activities



	2014		2013		2012
Revenues
Sales	$	77,845	$	47,050	$	57,757
Production costs		13,529		9,876		12,332
Exploration expenses		-		-		-
Depreciation, depletion and amortization		38,768		12,032		9,818
		25,548		25,142		35,607
Income tax expenses		9,325		8,800		13,175
Results of operations from producing activities (excluding corporate overhead)	$	16,223	$	16,342	$	22,432

Standardized Measure Of Discounted Future Cash Flows Relating To Proved Reserves



	2014		2013		2012
Future cash inflows	$	336,944	$	496,704	$	891,215
Future production costs		(71,209)		(82,487)		(141,980)
Future development and abandonment costs		(111,374)		(156,340)		(91,632)
Future income tax expenses		(60,345)		(89,507)		(229,808)
Future net cash flows		94,016		168,370		427,795
10% annual discount for estimated timing of cash flows		(17,034)		10,641		124,365
Standardized measure of discounted future net cash flows	$	111,050	$	157,729	$	303,430

Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows Applicable To Proved Oil And Natural Gas Reserves


	2014		2013		2012
Beginning of the period	$	157,729	$	303,430	$	237,749
Net change in sales and transfer prices and in production (lifting) costs related to future production		(57,568)		(13,278)		(17,734)
Changes in estimated future development costs		(5,512)		(48,594)		(5,569)
Sales and transfers of oil and gas produced during the period		(64,316)		(45,866)		(45,425)
Net change due to extensions, discoveries, and improved recovery		-		75,304		206,313
Net changes due to revisions in quantity estimates		(8,396)		(228,620)		(63,192)
Previously estimated development costs incurred during the period		40,962		10,136		4,748
Accretion of discount		24,251		46,711		37,252
Other-unspecified		4,125		(24,169)		(21,799)
Net change in income taxes		19,775		82,675		(28,913)
Aggregate change in the standardized measure of discounted future net cash flows for the year		(46,679)		(145,701)		65,681
End of the period	$	111,050	$	157,729	$	303,430

Summary Of Significant Accounting Policies (Major Customers And Concentration Of Credit Risk) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Maximum percentage of revenue for a single major customer	10.00%	13.00%

Summary Of Significant Accounting Policies (Cash Equivalents) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014
Summary Of Significant Accounting Policies [Abstract]
Maximum maturity of short-term investments purchased to be cash equivalents	90 days

Summary Of Significant Accounting Policies (Property, Plant And Equipment) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Capitalized interest on the cost of major capital projects	$ 1.0	$ 2.4	$ 7.7

Summary Of Significant Accounting Policies (Estimated Useful Lives Of The Related Assets) (Details)	12 Months Ended
	Dec. 31, 2014
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	40 years
Marine Vessels And Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	5 years
Marine Vessels And Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	25 years
Machinery And Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	2 years
Machinery And Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	25 years
Automobiles, Trucks, Tractors And Trailers [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	3 years
Automobiles, Trucks, Tractors And Trailers [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	10 years
Furniture And Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	2 years
Furniture And Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	10 years

Summary Of Significant Accounting Policies (Goodwill) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Percentage of the discounted cash flow method for estimation of fair value of reporting units	80.00%
Percentage of the public company guideline method for estimation of fair value of reporting units	20.00%
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	9.00%
Goodwill, Impaired, Accumulated Impairment Loss	$ 91,000
Goodwill, Impairment Loss		$ 91,016

Summary Of Significant Accounting Policies (Summary Of Activity Of Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Roll Forward]
Beginning Balance	$ 2,458,109	$ 2,532,065
Acquisition activities	13,909	16,599
Disposition activities		(756)
Reduction in value of assets		(91,016)
Foreign currency translation adjustments	(3,609)	1,217
Ending Balance	2,468,409	2,458,109
Drilling Products And Services [Member]
Goodwill [Roll Forward]
Beginning Balance	144,872	144,947
Disposition activities		(756)
Foreign currency translation adjustments	(2,033)	681
Ending Balance	142,839	144,872
Onshore Completion Services [Member]
Goodwill [Roll Forward]
Beginning Balance	1,419,550	1,418,050
Acquisition activities		1,500
Disposition activities
Reduction in value of assets
Foreign currency translation adjustments
Ending Balance	1,419,550	1,419,550
Production Services [Member]
Goodwill [Roll Forward]
Beginning Balance	893,687	878,052
Acquisition activities	13,909	15,099
Disposition activities
Reduction in value of assets
Foreign currency translation adjustments	(1,576)	536
Ending Balance	906,020	893,687
Technical Solutions [Member]
Goodwill [Roll Forward]
Beginning Balance		91,016
Acquisition activities
Disposition activities
Reduction in value of assets		(91,016)
Foreign currency translation adjustments
Ending Balance

Summary Of Significant Accounting Policies (Notes Receivable) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Notes Receivable [Abstract]
Amount of notes receivable net	$ 115.0
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 1.6	$ 2.6	$ 2.8

Summary Of Significant Accounting Policies (Intangible And Other Long-Term Assets) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Escrow Deposit Required by Seller of Oil and Gas Properties		$ 50,000
Performance Bond Required by Seller		50,000
Escrow Deposit		50,400
Reduction in value of assets	$ 300,078		$ 300,078
Amortization expense exclusive of debt acquisition costs		25,900	$ 26,200	$ 22,600
Amortization of intangible assets exclusive of debt acquisitions costs for 2015		25,600
Amortization of intangible assets exclusive of debt acquisitions costs for 2016		24,800
Amortization of intangible assets exclusive of debt acquisitions costs for 2017		24,000
Amortization of intangible assets exclusive of debt acquisitions costs for 2018		23,900
Amortization of intangible assets exclusive of debt acquisitions costs for 2019		$ 23,700
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		17 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		3 years
Debt Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		7 years
Unsecured Senior Notes Due 2021 [Member]
Finite-Lived Intangible Assets [Line Items]
Stated interest rate on unsecured senior notes		7.125%

Summary Of Significant Accounting Policies (Composition Of Intangible And Other Long-term Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	$ 539,035	$ 535,434
Accumulated Amortization	(118,675)	(84,567)
Net Balance	420,360	450,867
Deferred Compensation Plan Assets [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	12,982	13,731
Accumulated Amortization
Net Balance	12,982	13,731
Escrowed Cash [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	58,421	58,406
Accumulated Amortization
Net Balance	58,421	58,406
Customer Relationships [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	339,695	335,590
Accumulated Amortization	(64,954)	(44,117)
Net Balance	274,741	291,473
Trade Names [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	41,265	45,025
Accumulated Amortization	(13,151)	(9,175)
Net Balance	28,114	35,850
Noncompete Agreements [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	4,487	4,256
Accumulated Amortization	(3,281)	(2,163)
Net Balance	1,206	2,093
Debt Issuance Costs [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	63,829	63,829
Accumulated Amortization	(36,360)	(28,250)
Net Balance	27,469	35,579
Other Intangible Assets [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	18,356	14,597
Accumulated Amortization	(929)	(862)
Net Balance	$ 17,427	$ 13,735

Summary Of Significant Accounting Policies (Decommissioning Liabilities) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Asset Retirement Obligation, Liabilities Incurred	$ 866	$ 445

Summary Of Significant Accounting Policies (Summary Of The Activity For Company's Decommissioning Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Decommissioning liabilities, December 31, 2013 and 2012, respectively	$ 83,519	$ 93,053
Liabilities acquired and incurred	866	445
Liabilities settled	(579)	(87)
Accretion	4,470	5,320
Revision in estimated liabilities	(276)	(15,212)
Total decommissioning liabilities, December 31, 2014 and 2013 , respectively	$ 83,519	$ 93,053	$ 88,000	$ 83,519
Less: current portion of decommissioning liabilities as of December 31, 2014 and 2013, respectively				27,322
Long-term decommissioning liabilities, December 31, 2014 and 2013, respectively			$ 88,000	$ 56,197

Summary Of Significant Accounting Policies (Earnings (Loss) Per Share) (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Antidilutive securities excluded from computation of earnings per share, share	1,100,000	1,100,000	2,100,000

Summary Of Significant Accounting Policies (Financial Instruments) (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Fair value of debt	$ 1,624.3	$ 1,789.0

Summary Of Significant Accounting Policies (Foreign Currency) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Foreign currency gains	$ (7.3)	$ 7.1	$ 2.9

Summary Of Significant Accounting Policies (Derivative Instruments And Hedging Activities) (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Percentage of fixed rate debt	61.00%	60.00%
Notional amount of interest rate swap	$ 300,000,000
Variable interest rate, Adjustment	90 days

Summary of Significant Accounting Policies (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Accumulated other comprehensive loss, net	$ (36,280)	$ (17,500)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Summary of Significant Accounting Policies (Cash Dividends) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Abstract]
Dividends Payable		$ 12.8
Cash dividends declared per share	$ 0.24	$ 0.08

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash paid for interest, net of amounts capitalized	$ 102,880	$ 97,129	$ 109,112
Cash paid for income taxes	127,132	164,158	42,261
Details of business acquisitions:
Fair Value of Assets Acquired	29,468	34,964	4,364,872
Fair value of liabilities	(5,125)	(10,942)	(695,243)
Common stock issued			(2,361,466)
Cash paid	24,343	24,022	1,308,163
Less cash acquired	(16)	(225)	(217,002)
Net cash paid for acquisitions	24,327	23,797	1,091,161
Non-cash investing activity:
Capital Expenditures Incurred but Not yet Paid	49,118	70,463	$ 61,035
Non-cash financing activity:
Dividends, Share-based Compensation, Cash		$ 12,759
India Acquisition Member
Details of business acquisitions:
Net cash paid for acquisitions	$ 24,327

Discontinued Operations (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($) item	Feb. 28, 2015 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operations, long lived asets	$ 131,100
Vessel's gross asset value under the capital lease at inception	37,600
Vessel's gross asset value under the capital lease at depreciation	17,400	$ 16,400
Other long-term liabilities	16,800	21,400
Accounts Payable Related to Obligations Under Capital Lease	4,600	4,200
Impairment Included in Discontinued Operations		119,300
Long-term assets	91,940	221,943
Gain on sale of assets, disposal group accounted for as discontinued operations	$ 18,800
Subsea Construction Marine Vessels Member
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment Included in Discontinued Operations		98,300
Long-term assets				$ 45,200
Subsea Construction Intangible Assets Member
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment Included in Discontinued Operations		15,400
Conventional Decommissioning Long-lived Assets Member
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment Included in Discontinued Operations		$ 5,600
Derrick Barge [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds received			$ 44,500
Pre-tax gain loss after sale			3,100
Goodwill			9,700
Liftboats [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds received			$ 138,600
Quantity of liftboats sold \| item			18
Repayment Of Us Government Guaranteed Long Term Financing Connected To Disposition			$ 12,500
Make Whole Premiums Connected To Dispositions			4,000
Written Off Unamortized Loan Costs Connected To Repayments Of Make Whole Premiums			700
Loss on sale of assets, disposal group accounted for as discontinued operations			$ 10,000

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									$ 145,463	$ 261,767	$ 274,792
Income tax expense (benefit)									(19,330)	(15,439)	1,774
Income (Loss) from Discontinued Operations, Net of Tax (benefit) expense	$ (7,238)	$ (5,886)	$ (3,895)	$ (5,954)	$ (136,858)	$ 2,366	$ (5,520)	$ (16,891)	$ (22,973)	$ (156,903)	(17,982)
Segment, Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense (benefit)											620
Income (Loss) from Discontinued Operations, Net of Tax (benefit) expense											(775)
Segment, Derrick Barges and Liftboats [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues											16,231
Income (Loss) from Discontinued Operations, Net of Tax (benefit) expense											$ (17,207)

Discontinued Operations (Assets And Liabilities of Disposal Groups) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Abstract]
Accounts receivable, net	$ 16,701	$ 26,858
Prepaid expenses	2,463	8,164
Disposal group inventory and other current assets	5,576	63,618
Assets of Disposal Group, Including Discontinued Operation, Current	24,740	98,640
Disposal group property, plant and equipment, net	91,171	217,089
Intangible and other long-term assets, net	769	4,854
Long-term assets	91,940	221,943
Accounts payable	20,530	13,449
Accrued expenses	24,496	52,133
Current liabilities	45,026	65,582
Other long-term liabilities	$ 16,814	$ 21,801

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands		1 Months Ended		12 Months Ended
Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Feb. 07, 2012	Oct. 31, 2014	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Approximately cash paid				$ 24,343	$ 24,022	$ 1,308,163
Goodwill				2,468,409	2,458,109	2,532,065
India Acquisition Member
Business Acquisition [Line Items]
Approximately cash paid		$ 22,000
Goodwill		$ 13,900
Other Acquisitions [Member]
Business Acquisition [Line Items]
Business combination, total contingent consideration paid				$ 2,400	$ 6,500
Approximately cash paid			$ 20,400			37,600
Repayment of acquired company debt			3,000
Goodwill			$ 15,100			$ 22,600
Complete Production Services, Inc. [Member]
Business Acquisition [Line Items]
Approximately cash paid	$ 2,914,800
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	$ 1,922,700

Property, Plant and Equipment alt (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant And Equipment [Abstract]
Impairment of long lived assets		$ 243,781
Leasehold Improvements, Gross	$ 93,300	75,000
Depreciation	$ 620,600	$ 572,900	$ 460,200

Property, Plant and Equipment (Summary Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 5,003,381	$ 4,829,205
Accumulated depreciation and depletion	(2,269,542)	(1,827,011)
Property, plant and equipment, net	2,733,839	3,002,194
Buildings, Improvements And Leasehold Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	328,651	284,273
Marine Vessels And Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	55,494	137,955
Machinery And Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	4,126,570	3,864,599
Automobiles, trucks, tractors and trailers [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	66,032	64,102
Furniture And Fixtures [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	75,631	72,563
Construction in Progress [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	102,895	211,017
Land [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	58,814	56,786
Oil and Gas Properties [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 189,294	$ 137,910

Inventory and Other Current Assets (Details) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Inventory and Other Current Assets [Abstract]
Costs and estimated earnings in excess of billings included in other current assets		$ 63,200
Supplies and consumables	$ 42,739	56,470
Raw materials	29,718	20,764
Work-in-progress	20,317	20,064
Finished goods	72,788	65,621
Inventory	165,562	$ 162,919
Number of shares comprising Available for Sale Securities		1.4
Available-for-sale securities, net unrealized holding gain (loss) reversed following sale	1,200
Available-for-sale securities, unrealized holding gain (loss) reversed following sale	1,800
Available-for-sale securities, number of shares sold			5.6
Available-for-sale Securities, Income Tax Expense on Change in Unrealized Holding Gain (Loss)	600	$ 100	$ 500
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax		300	900
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes		400	1,400
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$ 10,600		41,900
Available-for-sale Securities, Gross Realized Gains			$ 900
Available-for-sale Securities, Current		$ 8,800

Debt (Narrative) (Details) $ in Thousands	1 Months Ended		12 Months Ended
Debt (Narrative) (Details) $ in Thousands	May 31, 2013 USD ($)	Aug. 31, 2012 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Term Loan A, Amount Outstanding			$ 345,000
Revolving portion of credit facility, borrowing capacity			600,000
Face value of debt extinguished	100
Line of Credit Facility, Current Borrowing Capacity			1,000,000
Aggregate principal amount of term loan			400,000
Line of Credit Facility, Periodic Payment			5,000
Letters of Credit Outstanding, Amount			44,200
Gains (Losses) on Extinguishment of Debt				$ (884)	$ (2,294)
Extinguishment of Debt, Amount	$ 150,000
Unsecured Senior Notes Due 2014 [Member]
Debt Instrument [Line Items]
Face value of debt extinguished		100
Portion of debt extinguished		50.00%
Original face amount of debt instrument		$ 300,000
Stated interest rate on unsecured senior notes		6.00%
Gains (Losses) on Extinguishment of Debt				$ 900	$ 2,300
Extinguishment of Debt, Amount		$ 150,000
Unsecured Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes			$ 500,000
Stated interest rate on unsecured senior notes			6.375%
Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes			$ 800,000
Stated interest rate on unsecured senior notes			7.125%

Debt (Summary Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Long-term debt	$ 1,648,783	$ 1,666,535
Less current portion	20,941	20,000
Long-term debt, noncurrent	1,627,842	1,646,535
Other long term debt instrument [member]
Debt Instrument [Line Items]
Long-term debt	3,783	1,535
Term Loan, Interest Payable Monthly At Floating Rate And Principal Payable Quarterly, Due December 2017 [Member]
Debt Instrument [Line Items]
Long-term debt	345,000	365,000
Senior Notes, Interest Payable Semiannually At 6 3/8%, Due May 2019 [Member]
Debt Instrument [Line Items]
Long-term debt	500,000	500,000
Senior Notes, Interest Payable Semiannually At 7 1/8%, Due December 2021 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 800,000	$ 800,000

Debt (Schedule Of Maturities Of Long-Term Debt) (Details) $ in Thousands	Dec. 31, 2014 USD ($)
Debt [Abstract]
2015	$ 20,941
2016	21,134
2017	306,085
2018	623
2019	500,000
Thereafter	800,000
Total	$ 1,648,783

Stock-Based And Long-Term Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 01, 2013
Stock Based and Long-Term Compensation (Textual) [Abstract]
Common Stock Reserved for Issuance, Shares Remaining	5,400,000
Compensation expense	$ 44,074	$ 35,060	$ 36,064
Compensation expense expected to recognize in 2015	10,600
Compensation expense expected to recognize in 2016	10,000
Compensation expense expected to recognize in 2017	$ 600
Shares issued under Employee Stock Purchase Plan, shares	246,480	185,407	147,026
Proceed from issue of shares under employee stock purchase plans	$ 4,870	$ 4,124	$ 2,855
Common stock reserved for issuance	8,000,000
Other income (expense)	$ (7,681)	(4,627)	(2,317)
Supplemental Executive Retirement Plan [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Compensation expense	$ 1,600	1,200	2,400
Employers Contribution to be received by plan participants, Minimum	5.00%
Employers Contribution to be received by plan participants, Maximum	35.00%
Employers contribution	$ 1,200	1,200	1,800
Distribution to select participants	$ 3,000	3,000	6,700
Defined Contribution Pension [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Maximum employee contribution to be matched by employer	4.00%
Maximum empoyee contribution	75.00%
Company contribution, percent	100.00%
Company discretionary contributions	$ 16,700	16,000	8,400
Non-Qualified Deferred Compensation Plans [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Maximum portion of base salary to defer under non-qualified deferred compensation plan	75.00%
Maximum portion of bonus to defer under non-qualified deferred compensation plan	100.00%
Non-employee cash deferred to non-qualified compensation plan	100.00%
Maximum of cash portion of PSU compensation to defer under non-qualified deferred compensation plan	100.00%
Non-employee RSU deferred to non-qualified compensation plan	100.00%
Long-term liability	$ 14,700	15,000
Current liability	2,300	1,900
Deferred compensation, compensation expense	900	2,500	1,600
Deferred compensation plan assets	13,000	13,700
Other income (expense)	$ (1,200)	(2,400)	700
Employee Stock Option [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Share-based payment vesting period, years	3 years
Share-based payment expiration period, years	10 years
Compensation expense	$ 3,900	3,586	4,829
Intrinsic value of options exercised	17,100	5,100	40,400
Cash received from exercising options	10,600	6,300	14,800
Tax benefit from exercising stock options	5,600	700	600
Unrecognized compensation expense related to non-vested options oustanding	4,200
Compensation expense expected to recognize in 2015	2,400
Compensation expense expected to recognize in 2016	1,300
Compensation expense expected to recognize in 2017	$ 500
Restricted Stock [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Share-based payment vesting period, years	3 years
Compensation expense	$ 15,800	$ 21,460	$ 16,981
Unrecognized compensation expense related to non-vested options oustanding	10,400
Compensation expense expected to recognize in 2015	10,000
Compensation expense expected to recognize in 2016	$ 400
Shares outstanding	1,022,280	2,020,448
Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)			609,743
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 27.27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 24.08	$ 24.71
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 23,000	$ 9,600	$ 13,000
Restricted Stock Units (RSUs) [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Compensation expense	11,282		2,360
Unrecognized compensation expense related to non-vested options oustanding	$ 21,200
Resticted stock granted	1,352,184
Shares outstanding	1,416,477	324,481
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 30.65
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 26.40	$ 26.34
Performance Shares [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Compensation expense	$ 10,688	$ 10,014	11,894
Shares outstanding	360,329
Performance period of PSU grant, years	3 years
Portion of equivalent value in common stock of company after meeting service requirements, at discretion of compensation committee	50.00%
Performance Share Units Outstanding, in 2014	115,788
Performance Share Units Outstanding, in 2015	115,376
Performance Share Units Outstanding, in 2016	129,165
Strategic Performance Shares [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Compensation expense	$ 2,404
Performance period of PSU grant, years	1 year
2013 Employee Stock Purchase Plan Member
Stock Based and Long-Term Compensation (Textual) [Abstract]
Compensation expense	$ 1,078	$ 947	$ 504
Common stock reserved for issuance				3,000,000

Stock-Based And Long-Term Compensation (Summary Of The Valuation Assumptions Used To Calculate The Fair Value Of Stock Option Grants) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average fair value of grants	$ 6.95	$ 8.98	$ 21.76
Black-Scholes-Merton Assumptions:
Risk free interest rate	1.42%	0.63%	0.41%
Expected life (years)	4 years	4 years	2 years
Volatility	34.50%	48.41%	55.27%
Dividend yield	1.23%

Stock-Based And Long-Term Compensation (Summary Of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Summarization of stock option activity
Number of options outstanding, beginning	4,857,376
Number of options granted	567,084
Number of options exercised	(880,687)
Number of options forfeited	(41,166)
Number of options expired	(18,102)
Number of options outstanding, ending	4,484,505	4,857,376
Number of options exercisable	3,660,017
Number of options expected to vest	824,488
Weighted average option price outstanding, beginning	$ 21.43
Weighted average option price granted	26.01
Weighted average option price excercised	11.99
Weighted average option price forfeited	25.39
Weighted average option price expired	35.77
Weighted average option price outstanding, ending	23.76	$ 21.43
Weighted average option price exercisable		$ 23.45
Weighted average option price expected to vest	$ 25.14
Weighted average remaining contractual term, outstanding	5 years 1 month 6 days	4 years 9 months 18 days
Weighted average remaining contractual term, exercisable	4 years 3 months 18 days
Weighted average remaining contractual term, expected to vest	8 years 8 months 12 days
Aggregate intrinsic value, outstanding	$ 4,095	$ 29,990
Aggregate intrinsic value, exercisable	$ 4,095

Stock-Based And Long-Term Compensation (Summary Of Non-Vested Stock Option Activity) (Details)	12 Months Ended
	Dec. 31, 2014 $ / shares shares
Summarizes Non-vested Stock Option [Abstract]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsStockOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue \| $ / shares	8.16
Share based compensation arrangement by share based payment award equity instruments stock options forfeitures in period \| shares	(41,166)
Number of Option, Beginning Balance \| shares	536,498
Number of Option, Granted \| shares	567,084
Number of Option, Vested \| shares	(237,928)
Number of Option, Ending Balance \| shares	824,488
Weighted Average Grant Date Fair Value, Beginning Balance \| $ / shares	$ 10.19
Weighted Average Grant Date Fair Value, Granted \| $ / shares	6.95
Weighted Average Grant Date Fair Value, Vested \| $ / shares	13.39
Weighted Average Grant Date Fair Value, Ending Balance \| $ / shares	$ 7.83

Stock-Based And Long-Term Compensation (Summary Of The Status Of Restricted Stock) (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of restricted stock
Beginning balance	2,020,448
Shares, vested	(842,257)
Shares, fofeited	(155,911)
Ending balance	1,022,280	2,020,448
Weighted average grant date fair value, beginning balance	$ 24.71
Weighted average grant date fair value, granted		$ 23.14	$ 22.87
Weighted average grant date fair value, vested	27.27
Weighted average grant date fair value, forfeited	24.29
Weighted average grant date fair value, ending balance	$ 24.08	$ 24.71

Stock-Based And Long-Term Compensation (Summary Of The Activity Of Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2014 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance \| shares	324,481
Granted \| shares	1,352,184
Shares, vested \| shares	(95,914)
Shares, fofeited \| shares	(164,274)
Ending balance \| shares	1,416,477
Weighted average grant date fair value, beginning balance \| $ / shares	$ 26.34
Weighted average grant date fair value, granted \| $ / shares	26.45
Weighted average grant date fair value, vested \| $ / shares	30.65
Weighted average grant date fair value, forfeited \| $ / shares	26.36
Weighted average grant date fair value, ending balance \| $ / shares	$ 26.40

Stock-Based And Long-Term Compensation (Summary Of Compensation Expense and Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	$ 44,074	$ 35,060	$ 36,064
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	11,463	9,267	8,943
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	3,900	3,586	4,829
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	1,443	1,327	1,787
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	15,800	21,460	16,981
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	5,846	7,940	6,283
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	11,282		2,360
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	4,174		873
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	10,688	10,014	11,894
2013 Employee Stock Purchase Plan Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	$ 1,078	$ 947	$ 504

Reduction in Value of Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Asset Impairment Charges [Line Items]
Revenue Derived from Venezuela		$ 9,500	$ 20,500
Reduction in Value of Assets Related to Exit of Venezuela Activities		14,324
Retirments of Long-Lived Assets		14,418
Reduction in Value of Long-Lived Assets and Related Assets		180,320
Goodwill, Impairment Loss		91,016
Reduction in value of assets	$ 300,078	300,078
Impairment of Intangible Assets, Finite-lived		18,296
Impairment of Long-Lived Assets Held-for-use		243,781
Technical Solutions [Member]
Asset Impairment Charges [Line Items]
Reduction in value of other assets		31,900
Retirments of Long-Lived Assets		6,400
Goodwill, Impairment Loss		91,016
Reduction in value of assets		252,243
Impairment of Intangible Assets, Finite-lived		3,000
Impairment of Long-Lived Assets Held-for-use		122,800
Production Services [Member]
Asset Impairment Charges [Line Items]
Retirments of Long-Lived Assets		2,200
Goodwill, Impairment Loss
Reduction in value of assets		28,568
Impairment of Long-Lived Assets Held-for-use		11,400
Onshore Completion Services [Member]
Asset Impairment Charges [Line Items]
Retirments of Long-Lived Assets		5,800
Goodwill, Impairment Loss
Reduction in value of assets		16,975
Impairment of Long-Lived Assets Held-for-use		$ 11,200

Reduction in Value of Assets (Components of the Expense) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013
Reduction In Value Of Assets [Abstract]
Reduction in value of assets	$ 300,078	$ 300,078
Reduction in Value of Assets Related to Exit of Venezuela Activities		14,324
Reduction in Value of Long-Lived Assets and Related Assets		180,320
Goodwill, Impairment Loss		91,016
Retirments of Long-Lived Assets		$ 14,418

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended	24 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Taxes [Abstract]
U.S. Federal income tax rate	35.00%	35.00%
net operating loss carryforwards	$ 1,300
Annual limitation on utilization of net operating loss carryforwards	500
Deferred tax assets, various state	9,900
Undistributed earnings of foreign subsidiaries	61,000
Unrecorded tax benefits	$ 30,344	$ 29,899	$ 26,399	$ 21,692

Income Taxes (Schedule Of Components Of Income And Loss From Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Domestic	$ 372,672	$ 165,463	$ 554,675
Foreign	69,517	(64,706)	52,488
Income from continuing operations before income taxes	$ 442,189	$ 100,757	$ 607,163

Income Taxes (Schedule Of Components Of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current, federal	$ 150,997	$ 19,897	$ 119,797
Current, state	11,339	10,816	14,155
Current, foreign	36,287	25,613	33,279
Current, total	198,623	56,326	167,231
Deferred, federal	(33,172)	(6,341)	54,718
Deferred, state	648	386	915
Deferred, foreign	(4,700)	4,901	382
Deferred income taxes	(37,224)	(1,054)	56,015
Income Tax Expense (Benefit), Total	$ 161,399	$ 55,272	$ 223,246

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Computed expected tax expense (benefit)	$ 154,766	$ 35,265	$ 212,581
Increase (decrease) resulting from State and foreign income taxes	8,467	(852)	15,176
Increase (decrease) resulting other	(1,834)	(14,015)	(4,511)
Income Tax Expense (Benefit), Total	$ 161,399	55,272	$ 223,246
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount		$ 34,874

Income Taxes (Schedule Of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Components of Deferred Tax Assets [Abstract]
Allowance for doubtful accounts	$ 3,942	$ 8,482
Operating loss and tax credit carryforwards	21,928	32,543
Compensation and employee benefits	57,045	50,136
Decommissioning liabilities	21,029	22,124
Other	50,641	51,161
Deferred tax assets, gross	154,585	164,446
Net deferred tax assets	154,585	164,446
Components of Deferred Tax Liabilities [Abstract]
Property, plant and equipment	648,054	671,172
Notes receivable	5,718	5,429
Goodwill and other intangible assets	138,017	136,940
Deferred revenue on long-term contracts	1,470	21,354
Other	32,184	56,846
Deferred tax liabilities	825,443	891,741
Net deferred tax liability	$ 670,858	$ 727,295

Income Taxes (Net Deferred Tax Liabilities Classified In The Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Deferred Tax Liabilities, Net, Classification [Abstract]
Deferred Tax Assets, Net, Current	$ 32,138	$ 8,785
Noncurrent deferred income taxes	(702,996)	(736,080)
Net deferred tax liability	$ (670,858)	$ (727,295)

Income Taxes (Summary Of Activity In Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning balance	$ 29,899	$ 26,399	$ 21,692
Additions based on tax positions related to prior years	7,860	5,065	6,873
Reductions based on tax positions related to prior years	(7,415)	(1,565)	(2,166)
Unrecognized tax benefits, ending balance	$ 30,344	$ 29,899	$ 26,399

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Revenues	$ 1,178,626	$ 1,209,026	$ 1,107,552	$ 1,061,418	$ 1,075,644	$ 1,096,412	$ 1,091,129	$ 1,086,872	$ 4,556,622	$ 4,350,057	$ 4,293,276
Cost of goods and services	711,243	721,692	650,293	651,605	663,660	671,632	646,704	651,594	2,734,833	2,633,590	2,469,420
Depreciation, depletion, amortization and accretion	157,377	$ 170,154	$ 160,965	$ 162,318	158,009	$ 152,028	$ 149,440	$ 144,964	650,814	604,441	488,061
General and administrative expenses									624,371	597,778	625,422
Reduction in the value of assets					300,078					300,078
Income from operations									546,604	214,170	710,373
Interest expense, net									(96,734)	(107,902)	(116,479)
Other Expense									(7,681)	(4,627)	(2,317)
Gain loss from Equity method investment											17,880
Gains (Losses) on Extinguishment of Debt										(884)	(2,294)
Income (loss) from continuing operations before income taxes									442,189	100,757	607,163
Identifiable Assets	7,377,389				7,411,307				7,377,389	7,411,307	7,802,886
Capital Expenditures									606,221	620,469	1,169,105
Drilling Products And Services [Member]
Segment Reporting Information [Line Items]
Revenues									923,849	838,514	775,066
Cost of goods and services									290,341	276,131	255,853
Depreciation, depletion, amortization and accretion									187,825	169,296	150,687
General and administrative expenses									155,606	142,850	130,954
Reduction in the value of assets										2,292
Income from operations									290,077	247,945	237,572
Income (loss) from continuing operations before income taxes									290,077	247,945	237,572
Identifiable Assets	1,304,110				1,245,501				1,304,110	1,245,501	1,086,804
Capital Expenditures									254,500	269,152	246,389
Onshore Completion Services [Member]
Segment Reporting Information [Line Items]
Revenues									1,727,904	1,596,704	1,593,977
Cost of goods and services									1,201,497	1,083,494	1,039,732
Depreciation, depletion, amortization and accretion									233,479	215,506	171,853
General and administrative expenses									159,325	156,405	185,548
Reduction in the value of assets										16,975
Income from operations									133,603	124,324	196,844
Income (loss) from continuing operations before income taxes									133,603	124,324	196,844
Identifiable Assets	3,010,295				2,973,916				3,010,295	2,973,916	3,223,984
Capital Expenditures									160,888	99,517	308,317
Production Services [Member]
Segment Reporting Information [Line Items]
Revenues									1,356,057	1,445,555	1,510,990
Cost of goods and services									945,201	1,011,933	929,552
Depreciation, depletion, amortization and accretion									165,144	178,442	135,910
General and administrative expenses									190,172	190,931	210,411
Reduction in the value of assets										28,568
Income from operations									55,540	35,681	235,117
Income (loss) from continuing operations before income taxes									55,540	35,681	235,117
Identifiable Assets	2,116,171				2,176,785				2,116,171	2,176,785	2,185,779
Capital Expenditures									95,796	107,412	334,670
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Revenues									548,812	469,284	413,243
Cost of goods and services									297,794	262,032	244,283
Depreciation, depletion, amortization and accretion									64,366	41,197	29,611
General and administrative expenses									119,268	107,592	98,509
Reduction in the value of assets										252,243
Income from operations									67,384	(193,780)	40,840
Interest expense, net									1,577	1,323	849
Other Expense										836	(212)
Income (loss) from continuing operations before income taxes									68,961	(191,621)	41,477
Identifiable Assets	$ 946,813				$ 1,015,105				946,813	1,015,105	1,295,134
Capital Expenditures									95,037	144,388	279,729
Unallocated [Member]
Segment Reporting Information [Line Items]
Interest expense, net									(98,311)	(109,225)	(117,328)
Other Expense									(7,681)	(5,463)	(2,105)
Gain loss from Equity method investment											17,880
Gains (Losses) on Extinguishment of Debt										(884)	(2,294)
Income (loss) from continuing operations before income taxes									$ (105,992)	$ (115,572)	(103,847)
Identifiable Assets											$ 11,185

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Assets	$ 7,377,389	$ 7,411,307	$ 7,802,886
Drilling Products And Services [Member]
Segment Reporting Information [Line Items]
Assets	1,304,110	1,245,501	1,086,804
Onshore Completion Services [Member]
Segment Reporting Information [Line Items]
Assets	3,010,295	2,973,916	3,223,984
Production Services [Member]
Segment Reporting Information [Line Items]
Assets	2,116,171	2,176,785	2,185,779
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Assets	$ 946,813	$ 1,015,105	1,295,134
Unallocated [Member]
Segment Reporting Information [Line Items]
Assets			$ 11,185

Segment Information (Schedule Of Revenues By Geographic Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Total, Revenues	$ 1,178,626	$ 1,209,026	$ 1,107,552	$ 1,061,418	$ 1,075,644	$ 1,096,412	$ 1,091,129	$ 1,086,872	$ 4,556,622	$ 4,350,057	$ 4,293,276
Property, plant and equipment, net	2,733,839				3,002,194				2,733,839	3,002,194
UNITED STATES
Segment Reporting Information [Line Items]
Revenue									3,848,929	3,674,825	3,680,817
Long-lived assets	2,416,306				2,476,792				2,416,306	2,476,792
Other Countries Member
Segment Reporting Information [Line Items]
Revenue									707,693	675,232	$ 612,459
Long-lived assets	$ 317,533				$ 525,402				$ 317,533	$ 525,402

Segment Information (Schedule of Capital Expenditures, by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Capital Expenditures	$ 606,221	$ 620,469	$ 1,169,105
Drilling Products And Services [Member]
Segment Reporting Information [Line Items]
Capital Expenditures	254,500	269,152	246,389
Onshore Completion Services [Member]
Segment Reporting Information [Line Items]
Capital Expenditures	160,888	99,517	308,317
Production Services [Member]
Segment Reporting Information [Line Items]
Capital Expenditures	95,796	107,412	334,670
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Capital Expenditures	$ 95,037	$ 144,388	$ 279,729

Commitments And Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies (Textual) [Abstract]
Rent expense	$ 26.2	$ 25.6	$ 23.1
2015	64.7
2016	42.4
2017	30.3
2018	23.8
2019	13.8
Thereafter	$ 28.7

Fair Value Measurements (Narrative) (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of shares comprising Available for Sale Securities	1.4
Interest rate swap agreement for notional amount		$ 300,000,000
Fair value of debt	$ 1,789,000,000	$ 1,624,300,000
Impairment of long lived assets	243,781,000
Goodwill, Impairment Loss	91,016,000
Impairment of Long-Lived Assets Held-for-use	243,781,000
Impairment of Intangible Assets, Finite-lived	18,296,000
Discontinued Operations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of long lived assets	98,300,000
Impairment of Long-Lived Assets Held-for-use	98,300,000
Impairment of Intangible Assets, Finite-lived	$ 15,300,000

Fair Value Measurements (Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure		$ 8,817
Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	$ 2,291
Intangible and other long-term assets	12,982	13,731
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	4,183	337
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term liabilities	14,720	14,986
Accounts payable		1,944
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure		8,817
Level 1 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Intangible and other long-term assets	1,481	2,330
Level 1 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 1 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term liabilities
Accounts payable
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure
Level 2 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,291
Intangible and other long-term assets	11,501	11,401
Level 2 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	4,183	337
Level 2 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term liabilities	14,720	14,986
Accounts payable		1,944
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure
Level 3 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Intangible and other long-term assets
Level 3 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 3 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term liabilities
Accounts payable

Fair Value Measurements (Fair Value Measurements Used in Testing) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite Lived Intangible Assets Fair Value Used In Testing for Impairment	$ 4,355
Property, Plant and Equipment Fair Value Measurment Used in Testing Impairment of Long-Lived Assets	328,876
Goodwill, Impairment Loss	91,016
Impairment of Intangible Assets, Finite-lived	18,296
Impairment of Long-Lived Assets Held-for-use	243,781
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite Lived Intangible Assets Fair Value Used In Testing for Impairment	4,355
Property, Plant and Equipment Fair Value Measurment Used in Testing Impairment of Long-Lived Assets	$ 328,876

Derivative Financial Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivative Financial Instruments [Abstract]
Derivative asset	$ 4,200,000	$ 300,000
Interest income (expense) related to the ineffectiveness associated with the fair value hedge	(3,800,000)	$ 800,000	$ 1,300,000
Interest rate swap agreement for notional amount	$ 300,000,000

Derivative Financial Instruments (Location And Effect Of The Derivative Instrument On The Statements Of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (3,846)	$ 776	$ (1,286)
Hedged Item Debt [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	7,208	(12,303)	2,346
Interest Rate Swap [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (11,054)	$ 13,079	$ (3,632)

Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]
Purchase of services	$ 221.1	$ 164.8	$ 240.3
Trade Accounts Payable	26.8	14.6
Ortowski Construction [Member]
Related Party Transaction [Line Items]
Purchase of services	0.7		4.1
Trade Accounts Payable	0.0
ORTEQ Energy Services [Member]
Related Party Transaction [Line Items]
Purchase of services	92.1	52.8	111.6
Trade Accounts Payable	10.1	7.8
Resource Transport [Member]
Related Party Transaction [Line Items]
Purchase of services	21.6	14.0	12.1
Trade Accounts Payable	1.7	0.9
Texas Specialty Sands [Member]
Related Party Transaction [Line Items]
Purchase of services	79.3	69.1	91.9
Trade Accounts Payable	14.0	2.0
ProFuel LLC [Member]
Related Party Transaction [Line Items]
Purchase of services	25.5	26.9	18.9
Trade Accounts Payable	1.0	2.6
TIMBER CREEK REAL ESTATE PARTNERS [Member]
Related Party Transaction [Line Items]
Purchase of services	1.9	2.0	1.7
Trade Accounts Payable		1.3
LINNENERGY[MEMBER]
Related Party Transaction [Line Items]
Revenue from Related Parties	19.7	26.9	$ 21.1
Accounts Receivable, Related Parties, Current	$ 1.6	$ 2.9

Interim Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Selected Quarterly Financial Information [Abstract]
Revenues	$ 1,178,626	$ 1,209,026	$ 1,107,552	$ 1,061,418	$ 1,075,644	$ 1,096,412	$ 1,091,129	$ 1,086,872	$ 4,556,622	$ 4,350,057	$ 4,293,276
Costs and Expenses [Abstract]
Cost of services and rentals	711,243	721,692	650,293	651,605	663,660	671,632	646,704	651,594	2,734,833	2,633,590	2,469,420
Depreciation, depletion, amortization and accretion	157,377	170,154	160,965	162,318	158,009	152,028	149,440	144,964	650,814	604,441	488,061
Gross Profit	310,006	317,180	296,294	247,495	253,975	272,752	294,985	290,314
Reduction in value of assets					300,078					300,078
Net income from continuing operations	73,364	85,743	79,057	42,626	(176,681)	67,469	74,079	80,618
Loss from discontinued operations, net of tax	(7,238)	(5,886)	(3,895)	(5,954)	(136,858)	2,366	(5,520)	(16,891)	(22,973)	(156,903)	(17,982)
Net Income (Loss)	$ 66,126	$ 79,857	$ 75,162	$ 36,672	$ (313,539)	$ 69,835	$ 68,559	$ 63,727	$ 257,817	$ (111,418)	$ 365,935
Earnings Per Share [Abstract]
Continuing operations, basic	$ 0.49	$ 0.55	$ 0.51	$ 0.27	$ (1.11)	$ 0.42	$ 0.46	$ 0.51	$ 1.81	$ 0.29	$ 2.57
Continuing operations, diluted	0.48	0.55	0.50	0.27	(1.11)	0.42	0.46	0.51	1.79	0.28	2.54
Discontinued operations, basic	(0.05)	(0.03)	(0.03)	(0.04)	(0.86)	0.02	(0.03)	(0.11)	(0.15)	(0.99)	(0.12)
Discontinued operations, diluted	$ (0.05)	$ (0.04)	$ (0.03)	$ (0.04)	$ (0.86)	$ 0.01	$ (0.03)	$ (0.11)	$ (0.14)	$ (0.97)	$ (0.12)

Accelerated Share Repurchases (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2014
Accelerated Share Repurchase Program [Abstract]
Stock Repurchased During Period, Value	$ 75.0
Stock Repurchased and Retired During Period, Shares		2,532,540

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014 $ / Mcf	Dec. 31, 2014 $ / Boe	Dec. 31, 2014 $ / bbl	Dec. 31, 2014 $ / BTU	Dec. 31, 2013 $ / Mcf	Dec. 31, 2013 $ / Boe	Dec. 31, 2013 $ / bbl	Dec. 31, 2013 $ / BTU	Dec. 31, 2013	Dec. 31, 2012 $ / Mcf	Dec. 31, 2012 $ / Boe	Dec. 31, 2012 $ / bbl	Dec. 31, 2012 $ / BTU
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Average sales prices	4.95	92.86			3.98	101.85				2.45	100.70
Average production costs \| $ / Boe		7.29				10.70					10.71
Percentage of annual discount rate for future cash flows									10.00%
Supplementary Oil and Natural Gas Disclosures (Textual) [Abstract]
Twelve month average price on the basis of which oil price is estimated \| $ / bbl			94.99				93.42					91.21
Twelve month average price on the basis of which gas price is estimated \| $ / BTU				4,350,000				3.67					2.757

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Schedule Of Proved Developed And Undeveloped Oil And Gas Reserves) (Details) MMcf in Thousands, MBbls in Thousands	12 Months Ended
	Dec. 31, 2014 MBbls MMcf	Dec. 31, 2013 MBbls MMcf	Dec. 31, 2012 MBbls MMcf
Oil [Member]
Proved Developed and Undeveloped Reserves [Abstract]
Beginning balance \| MBbls	4,593	8,207	6,430
Revisions \| MBbls	(438)	(3,203)	2,234
Production \| MBbls	(738)	(411)	(457)
Ending balance \| MBbls	3,417	4,593	8,207
Proved-developed reserves:
Proved Developed Reserves (Volume) \| MBbls	3,184	2,397	5,076
Proved-undeveloped reserves:
Proved Undeveloped Reserve (Volume) \| MBbls	233	2,196	3,131
Natural Gas [Member]
Proved Developed and Undeveloped Reserves [Abstract]
Beginning balance \| MMcf	6,952	11,284	6,268
Revisions \| MMcf	1,431	(4,036)	5,357
Production \| MMcf	(1,247)	(296)	(341)
Ending balance \| MMcf	7,136	6,952	11,284
Proved-developed reserves:
Proved Developed Reserves (Volume) \| MMcf	6,945	2,100	5,085
Proved-undeveloped reserves:
Proved Undeveloped Reserve (Volume) \| MMcf	191	4,852	6,199

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Cost Incurred In Oil And Gas Property Acquisition, Exploration, And Development Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Abstract]
Development costs	$ 52,719	$ 51,527	$ 34,685
Total costs incurred	$ 52,719	$ 51,527	$ 34,685

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Capitalized Costs Relating To Oil And Gas Producing Activities) (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Capitalized Costs, Oil and Gas Producing Activities, Net [Abstract]
Proved oil and gas properties	$ 189,294	$ 136,350
Accumulated depreciation, depletion and amortization	(55,864)	(21,158)
Capitalized costs, net	$ 133,430	$ 115,192

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Schedule Of Ownership In Productive Oil And Natural Gas Wells) (Details)	Dec. 31, 2014 item
Company's ownership of productive oil and natural gas wells
Oil, gross	10.00
Oil, net	5.10

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Schedule Of Gas And Oil Acreage) (Details)	Dec. 31, 2014 a
Information relating to acreage held by the Company
Developed, gross acreage	23,040
Undeveloped, gross acreage	0
Total developed and undeveloped gross acreage	23,040
Developed, net acreage	11,750
Undeveloped, net acreage	0
Total developed and undeveloped net Acreage	11,750

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Schedule Of Drilling Activity) (Details) - item	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Exploratory Wells Drilled
Exploratory wells productive, gross	0	0
Exploratory wells non-productive, gross	0	0
Exploratory wells productive and non-productive, gross	0	0
Exploratory wells productive, net	0	0
Exploratory wells non-productive, net	0	0
Exploratory wells productive and non-productive, net	0
Development Wells Drilled
Total Development Wells Net	1.53	1.53
Non-Productive Development Wells Net	0.51	0.51
Productive Development Wells Net	1.02	1.02
Total Development Wells Gross	3.00	3.00
Non-Productive Development Wells Gross	1.00	1.00
Productive Development Wells Gross	2.00	2.00

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Results Of Operations For Oil And Gas Producing Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues
Sales	$ 77,845	$ 47,050	$ 57,757
Production costs	13,529	9,876	12,332
Depreciation, depletion and amortization	38,768	12,032	9,818
Income before income taxes	25,548	25,142	35,607
Income tax expenses	9,325	8,800	13,175
Results of operations from producing activities (excluding corporate overhead)	$ 16,223	$ 16,342	$ 22,432

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Standardized Measure Of Discounted Future Cash Flows Relating To Proved Reserves) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Standardized Measure [Abstract]
Future cash inflows	$ 336,944	$ 496,704	$ 891,215
Future production costs	(71,209)	(82,487)	(141,980)
Future development and abandonment costs	(111,374)	(156,340)	(91,632)
Future income tax expenses	(60,345)	(89,507)	(229,808)
Future net cash flows	94,016	168,370	427,795
10% annual discount for estimated timing of cash flows	(17,034)	10,641	124,365
Standardized measure of discounted future net cash flows	$ 111,050	$ 157,729	$ 303,430

Supplementary Oil And Natural Gas Disclosures (Unaudited) (Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows Applicable To Proved Oil And Natural Gas Reserves) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Increase (Decrease) in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Roll Forward]
Beginning of the period	$ 157,729	$ 303,430	$ 237,749
Net change in sales and transfer prices and in production (lifting) costs related to future production	(57,568)	(13,278)	(17,734)
Changes in estimated future development costs	(5,512)	(48,594)	(5,569)
Sales and transfers of oil and gas produced during the period	(64,316)	(45,866)	(45,425)
Net change due to extensions, discoveries, and improved recovery		75,304	206,313
Net changes due to revisions in quantity estimates	(8,396)	(228,620)	(63,192)
Previously estimated development costs incurred during period	40,962	10,136	4,748
Accretion of discount	24,251	46,711	37,252
Other-unspecified	4,125	(24,169)	(21,799)
Net change in income taxes	19,775	82,675	(28,913)
Aggregate change in the standardized measure of discounted future net cash flows for the year	(46,679)	(145,701)	65,681
End of the period	$ 111,050	$ 157,729	$ 303,430

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 31,030	$ 28,715	$ 17,484
Valuation Allowances and Reserves, Charged to Cost and Expense	6,299	7,587	11,038
Valuation Allowances and Reserves, Deductions	10,639	7,763	2,308
Valuation Allowances and Reserves, Reclassifications to Assets Held for Sale	4,614	(2,491)	(2,501)
Valuation Allowances and Reserves, Balance, Ending Balance	$ 22,076	$ 31,030	$ 28,715