0000886835-20-000004 | 10-K | XBRL Viewer | Superior Energy Services INC

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Components Of Income (Loss) From Discontinued Operations


	Years Ended December 31,
	2019			2018	2017
Revenues	$	281,452	$	651,408	$	568,547
Cost of services		272,248		531,616		508,886

Loss from discontinued operations before tax		(169,582)		(433,142)		(84,813)
Loss from discontinued operations, net of income tax		(177,968)		(430,712)		(25,606)

Assets And Liabilities Of Disposal Groups



	December 31,
	2019		2018
Current assets:
Accounts receivable, net	$	25,106	$	98,003
Other current assets		6,215		21,474
Total current assets	$	31,321	$	119,477

Property, plant and equipment, net		179,144		248,874
Operating lease ROU assets		5,732		-
Intangible and other assets		-		67,421
Total assets	$	216,197	$	435,772

Current liabilities:
Accounts payable	$	14,370	$	60,576
Accrued expenses		24,751		12,073
Total current liabilities		39,121		72,649

Operating lease liabilities		5,415		-
Other long-term liabilities		402		848
Total liabilities	$	44,938	$	73,497

Schedule Of Cash Flows From Discontinued Operations



	Years Ended December 31,
	2019			2018	2017
Cash flows from discontinued operating activities:
Depreciation and amortization	$	75,077	$	122,409	$	111,860
Reduction in value of assets		76,577		417,011		3,765

Cash flows from discontinued investing activities:
Payments for capital expenditures	$	(36,743)	$	(108,094)	$	(99,544)
Proceeds from sales of assets		1,669		-		5,262

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 272,624	$ 158,050
Accounts receivable, net of allowance for doubtful accounts of $12,156 and $12,080 at December 31, 2019 and 2018, respectively	332,047	447,353
Income taxes receivable	740
Prepaid expenses	49,132	45,802
Inventory and other current assets	117,629	121,700
Assets held for sale	216,197
Total current assets	988,369	772,905
Property, plant and equipment, net of accumulated depreciation and depletion	664,949	1,109,126
Operating lease right-of-use assets	80,906
Goodwill	137,695	136,788
Notes receivable	68,092	63,993
Restricted cash	2,764	5,698
Intangible and other long-term assets, net of accumulated amortization	50,455	127,452
Total assets	1,993,230	2,215,962
Current liabilities:
Accounts payable	92,966	139,325
Accrued expenses	182,934	219,180
Income taxes payable		734
Current portion of decommissioning liabilities	3,649	3,538
Liabilities held for sale	44,938
Total current liabilities	324,487	362,777
Long-term debt, net	1,286,629	1,282,921
Decommissioning liabilities	132,632	126,558
Operating lease liabilities	62,354
Deferred income taxes	3,247
Other long-term liabilities	134,308	152,967
Stockholders' equity:
Preferred stock of $0.01 par value, Authorized - 5,000,000 shares; none issued
Common stock of $0.001 par value, Authorized - 25,000,000, Issued - 15,689,463, Outstanding - 14,717,051 at December 31, 2019, Authorized - 25,000,000, Issued and Outstanding - 15,488,542 as of December 31, 2018	16	155
Additional paid in capital	2,752,859	2,735,125
Treasury stock at cost, 972,412 and 0 shares at December 31, 2019 and 2018, respectively	(4,290)
Accumulated other comprehensive loss, net	(71,927)	(73,177)
Retained deficit	(2,627,085)	(2,371,364)
Total stockholders' equity	49,573	290,739
Total liabilities and stockholders' equity	$ 1,993,230	$ 2,215,962

Consolidated Statements Of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (98,524)	$ (38,442)	$ (71,050)	$ (47,705)	$ (750,185)	$ (21,816)	$ (26,390)	$ (59,724)	$ (255,721)	$ (858,115)	$ (205,921)
Change in cumulative translation adjustment, net of tax									1,250	(5,750)	12,821
Comprehensive loss									$ (254,471)	$ (863,865)	$ (193,100)

- Definition

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

+ References + Details

Revenue (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									411,573	383,719	293,690
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									405,830	418,525	372,781
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									266,669	270,365	272,422
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues									698,305	809,196	670,407
U.S. Land [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									178,345	176,448	117,856
U.S. Land [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									341,297	406,248	366,636
U.S. Land [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									138,300	195,363	151,632
U.S. Land [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									40,363	31,137	34,283
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues									340,565	327,874	327,306
U.S. Offshore [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									125,104	100,855	91,507
U.S. Offshore [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									73,610	66,512	74,033
U.S. Offshore [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									141,851	160,507	161,766
International [Member]
Disaggregation of Revenue [Line Items]
Total revenues									386,499	341,787	307,816
International [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									108,124	106,416	84,327
International [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									193,920	156,650	147,116
International [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									$ 84,455	$ 78,721	$ 76,373

Income Taxes (Schedule Of Components Of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current, state	$ 1,573	$ 2,118	$ (750)
Current, foreign	(3,359)	14,856	9,137
Current, total	(1,786)	16,974	8,387
Deferred, federal	1,792	(66,039)	(142,590)
Deferred, state	1,622	(4,161)	6,109
Deferred, foreign	(6,254)	10,223	(3,468)
Deferred income taxes	(2,840)	(59,977)	(139,949)
Income tax benefit	$ (4,626)	$ (43,003)	$ (131,562)

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (255,721)	$ (858,115)	$ (205,921)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	271,410	400,848	438,716
Deferred income taxes	3,247	(61,058)	(182,553)
Reduction in value of assets	93,763	739,725	14,155
Right-of-use assets amortization	20,613
Stock based compensation expense	19,814	31,451	36,503
Other reconciling items, net	(16,023)	(9,545)	2,505
Changes in operating assets and liabilities:
Accounts receivable	104,538	(50,116)	(93,309)
Prepaid expenses	(4,956)	(2,373)	(5,441)
Inventory and other current assets	(6,137)	(7,559)	(2,455)
Accounts payable	(12,278)	8,912	23,648
Accrued expenses	(37,482)	(21,113)	(8,458)
Income taxes	(1,258)	2,320	99,089
Other, net	(33,102)	(8,320)	(20,053)
Net cash provided by operating activities	146,428	165,057	96,426
Cash flows from investing activities:
Payments for capital expenditures	(140,465)	(221,370)	(164,933)
Proceeds from sales of assets	110,008	33,299	28,269
Net cash used in investing activities	(30,457)	(188,071)	(136,664)
Cash flows from financing activities:
Proceeds from issuance of long-term debt			500,000
Principal payments on long-term debt			(500,000)
Payment of debt issuance costs			(11,967)
Purchases of treasury stock	(4,290)
Tax withholdings for vested restricted stock units	(1,677)	(5,199)	(8,326)
Other	675	2,613	3,268
Net cash used in financing activities	(5,292)	(2,586)	(17,025)
Effect of exchange rate changes on cash	961	(3,135)	3,654
Net change in cash, cash equivalents, and restricted cash	111,640	(28,735)	(53,609)
Cash, cash equivalents, and restricted cash at beginning of period	163,748	192,483	246,092
Cash, cash equivalents, and restricted cash at end of period	275,388	163,748	192,483
Cash Payments:
Interest paid	99,585	101,056	88,125
Income taxes paid (net of income tax refunds received)	5,354	3,137	(117,376)
Non-cash investing activity:
Capital expenditures included in accounts payable and accrued expenses	$ 10,567	$ 26,259	$ 11,522

Stock-Based And Long-Term Incentive Compensation (Summary Of Non-Vested Stock Option Activity) (Details)	12 Months Ended
	Dec. 31, 2019 $ / shares shares
Number of Options
Beginning balance \| shares	141,286
Granted \| shares	59,286
Vested \| shares	(98,158)
Ending balance \| shares	102,414
Weighted Average Grant Date Fair Value
Beginning balance \| $ / shares	$ 80.00
Granted \| $ / shares	43.60
Vested \| $ / shares	112.09
Ending balance \| $ / shares	$ 78.47

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	223,570	231,927	229,532	240,053	248,394	245,832	235,679	240,583	925,082	970,488	889,809
Depreciation, depletion, amortization and accretion	$ 43,741	45,104	51,271	$ 56,343	65,478	$ 69,338	$ 67,862	$ 75,761	196,459	278,439	326,856
General and administrative expenses									268,226	276,468	285,597
Reduction in value of assets		$ 9,628	$ 7,557		$ 322,713				17,185	322,713	10,390
Income (loss) from operations									18,417	(369,251)	(207,123)
Interest income (expense), net									(98,312)	(99,477)	(101,455)
Other expense									(2,484)	(1,678)	(3,299)
Income (loss) from continuing operations before income taxes									(82,379)	(470,406)	(311,877)
Drilling Products And Services [Member]
Segment Reporting Information [Line Items]
Revenues									411,573	383,719	293,690
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									154,503	148,019	128,381
Depreciation, depletion, amortization and accretion									83,999	112,111	131,394
General and administrative expenses									60,094	53,688	51,265
Reduction in value of assets											1,356
Income (loss) from operations									112,977	69,901	(18,706)
Income (loss) from continuing operations before income taxes									112,977	69,901	(18,706)
Onshore Completion And Workover Services [Member]
Segment Reporting Information [Line Items]
Revenues									341,297	406,248	366,636
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									274,162	315,291	282,695
Depreciation, depletion, amortization and accretion									33,699	68,183	81,238
General and administrative expenses									25,621	24,386	34,856
Reduction in value of assets									8,122	227,801	919
Income (loss) from operations									(307)	(229,413)	(33,072)
Income (loss) from continuing operations before income taxes									(307)	(229,413)	(33,072)
Production Services [Member]
Segment Reporting Information [Line Items]
Revenues									405,830	418,525	372,781
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									328,527	342,420	303,256
Depreciation, depletion, amortization and accretion									51,370	66,993	78,999
General and administrative expenses									29,622	41,499	48,655
Reduction in value of assets									2,055	92,252
Income (loss) from operations									(5,744)	(124,639)	(58,129)
Income (loss) from continuing operations before income taxes									(5,744)	(124,639)	(58,129)
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Revenues									266,669	270,365	272,422
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									167,890	164,758	175,477
Depreciation, depletion, amortization and accretion									22,665	25,653	29,506
General and administrative expenses									59,587	57,600	51,679
Reduction in value of assets									7,008		8,115
Income (loss) from operations									9,519	22,354	7,645
Interest income (expense), net									4,172	3,915	3,567
Income (loss) from continuing operations before income taxes									13,691	26,269	11,212
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion									4,726	5,499	5,719
General and administrative expenses									93,302	99,295	99,142
Reduction in value of assets										2,660
Income (loss) from operations									(98,028)	(107,454)	(104,861)
Interest income (expense), net									(102,484)	(103,392)	(105,022)
Other expense									(2,484)	(1,678)	(3,299)
Income (loss) from continuing operations before income taxes									$ (202,996)	$ (212,524)	$ (213,182)

Summary Of Significant Accounting Policies (Summary Of The Activity For Company's Decommissioning Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Abstract]
Balance at beginning of period	$ 130,096	$ 130,397
Accretion	6,332	4,906
Liabilities settled	(147)	(5,207)
Balance at end of period	$ 136,281	$ 130,096

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

Income Taxes

(7) Income Taxes

The components of loss from continuing operations before income taxes are as follows (in thousands):



	Years ended December 31,
	2019		2018		2017
Domestic	$	(81,443)	$	(448,575)	$	(270,221)
Foreign		(936)		(21,831)		(41,656)
	$	(82,379)	$	(470,406)	$	(311,877)

The components of income tax benefit are as follows (in thousands):



	Years ended December 31,
	2019		2018		2017
Current:
Federal	$	-	$	-	$	-
State		1,573		2,118		(750)
Foreign		(3,359)		14,856		9,137
		(1,786)		16,974		8,387
Deferred:
Federal		1,792		(66,039)		(142,590)
State		1,622		(4,161)		6,109
Foreign		(6,254)		10,223		(3,468)
		(2,840)		(59,977)		(139,949)
	$	(4,626)	$	(43,003)	$	(131,562)

A reconciliation of the U.S. statutory federal tax rate to the consolidated effective tax rate is as follows (in thousands):



	Years ended December 31,
	2019		2018		2017
Computed expected tax benefit	$	(17,513)	$	(98,785)	$	(109,157)
Increase (decrease) resulting from
State and foreign income taxes		4,019		10,437		16,437
Reduction in value of assets		(233)		27,680		-
U.S. Tax Reform		-		-		(39,603)
Other		9,101		17,665		761
Income tax benefit	$	(4,626)	$	(43,003)	$	(131,562)

During 2018, the Company recorded a $668.9 million reduction in value of goodwill relating to its Onshore Completion and Workover Services and Production Services segments. For tax purposes, the goodwill impairment generated a reduction to the permanent book-tax basis difference of $548.8 million and a reduction to the book-tax temporary basis difference of $102.0 million net of current year amortization expense of $18.0 million. The 2018 effective tax rate was significantly impacted by the permanent adjustment related to the reduction in value of assets caused by the goodwill impairment.

On December 22, 2017, U.S. Tax Reform was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017 and the transition of U.S. international taxation from a worldwide tax system to a modified territorial system. As a result, the Company recorded a provisional income tax benefit of $39.6 million during the fourth quarter of 2017. During 2018, the Company finalized its assessment of the impact of U.S. Tax Reform and no material adjustments were recorded.

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



	December 31,
	2019		2018
Deferred tax assets:
Allowance for doubtful accounts	$	1,291	$	856
Operating loss and tax credit carryforwards		136,647		146,926
Compensation and employee benefits		35,532		38,006
Decommissioning liabilities		29,405		27,979
Operating leases		1,002		-
Other		24,903		25,331
		228,780		239,098
Valuation allowance		(84,741)		(25,571)
Net deferred tax assets		144,039		213,527

Deferred tax liabilities:
Property, plant and equipment		114,024		146,971
Notes receivable		12,977		12,977
Goodwill and other intangible assets		20,285		38,955
Other		-		14,624
Deferred tax liabilities		147,286		213,527
Net deferred tax liability	$	3,247	$	-

At December 31, 2019, the Company had $210.0 million in U.S. net operating loss carryforwards, which are available to reduce future taxable income. The expiration date for utilization of the U.S. loss carryforwards is 2037 for losses generated before 2018. Losses generated in 2018 and later cannot be carried back and have an indefinite carryforward that is limited to 80% of taxable income each year. At December 31, 2019, the Company also had various state net operating loss carryforwards with expiration dates from 2020 to 2038. A net deferred tax asset of $19.6 million reflects the expected future tax benefit for the state loss carryforwards. At December 31, 2019, the Company also had a U.S. foreign tax credit carryforward of $54.5 million with expiration dates from 2025 to 2027.

Management evaluates whether sufficient future taxable income will be generated to permit use of the existing deferred tax assets. The Company has incurred a cumulative loss over the three-year period ended December 31, 2019. Such evidence limits the ability to consider other projections of future growth. After considering all available evidence at December 31, 2019, the Company determined that a portion of the deferred tax assets would not be realized. Accordingly, the Company increased deferred income tax expense by an additional $61.9 million in the valuation allowance.

The Company has not provided income tax expense on earnings of its foreign subsidiaries, since the Company has reinvested or expects to reinvest undistributed earnings outside the U.S. indefinitely. At December 31, 2019, the Company’s foreign subsidiaries had an overall accumulated deficit in earnings. The Company does not intend to repatriate the earnings of its profitable foreign subsidiaries. The Company has not provided U.S. income taxes for such earnings. These earnings could become subject to U.S. income tax if repatriated. 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 2017.

The Company had unrecognized tax benefits of $13.2 million, $30.6 million and $30.7 million as of December 31, 2019, 2018 and 2017, respectively, all of which would impact the Company’s effective tax rate if recognized.

The activity in unrecognized tax benefits is as follows (in thousands):



	Years ended December 31,
	2019		2018		2017
Unrecognized tax benefits at beginning of period	$	30,558	$	30,656	$	29,956
Additions based on tax positions related to prior years		2,500		1,899		5,576
Reductions based on tax positions related to prior years		-		(1,864)		(4,671)
Reductions as a result of a lapse of the applicable statute of limitations		-		(133)		(205)
Reductions relating to settlements with taxing authorities		(19,852)		-		-
Unrecognized tax benefits at end of period	$	13,206	$	30,558	$	30,656

The amounts above include accrued interest and penalties of $5.0 million, $9.7 million and $9.7 million for the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2019, the Company recorded a reduction in unrecognized tax benefits of $19.9 million relating to settlements of income tax audits in foreign countries. Interest and penalties associated with the unrecognized tax benefits are classified as a component of income tax expense in the consolidated statements of operations.

Stock-Based And Long-Term Incentive Compensation (Summary Of The Valuation Assumptions Used To Calculate The Fair Value Of Stock Option Grants) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average fair value of stock options granted	$ 24.60	$ 56.12	$ 83.60
Black-Scholes-Merton Assumptions:
Risk free interest rate	2.57%	2.43%	1.96%
Expected life (years)	6 years	6 years	6 years
Volatility	56.62%	51.21%	48.22%

Contingencies (Narrative) (Details) $ in Millions	12 Months Ended
Contingencies (Narrative) (Details) $ in Millions	Dec. 31, 2019 USD ($) plaintiff
Number of people involved in lawsuit \| plaintiff	2
Maximum [Member]
Potential loss in lawsuit \| $	$ 7.4

Discontinued Operations (Assets And Liabilities of Disposal Groups) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets	$ 216,197
Total current liabilities	44,938
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets	216,200
Pumpco [Member] \| Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	25,106	$ 98,003
Other current assets	6,215	21,474
Total current assets	31,321	119,477
Property, plant and equipment, net	179,144	248,874
Operating lease ROU assets	5,732
Intangible and other assets		67,421
Total assets	216,197	435,772
Accounts payable	14,370	60,576
Accrued expenses	24,751	12,073
Total current liabilities	39,121	72,649
Operating lease liabilities	5,415
Other long-term liabilities	402	848
Total current liabilities	$ 44,938	$ 73,497

Segment Information (Schedule Of Revenues By Geographic Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Long-lived assets	664,949				1,109,126				664,949	1,109,126
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									1,038,870	1,137,070	997,713
Long-lived assets	489,189				903,520				489,189	903,520
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									386,499	341,787	$ 307,816
Long-lived assets	$ 175,760				$ 205,606				$ 175,760	$ 205,606

Revenue (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									411,573	383,719	293,690
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									405,830	418,525	372,781
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									266,669	270,365	272,422
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									885,252	933,029	868,211
Services [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									69,958	54,997
Services [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									303,542	364,500
Services [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									348,168	352,590
Services [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									163,584	160,942
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total revenues									376,247	380,296	279,936
Rentals [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									291,975	281,750
Rentals [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									37,755	41,748
Rentals [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									32,402	36,568
Rentals [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									14,115	20,230
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues									163,870	165,532	$ 157,382
Product Sales [Member] \| Drilling Products And Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									49,640	46,972
Product Sales [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues									25,260	29,367
Product Sales [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues									$ 88,970	$ 89,193

Stock-Based And Long-Term Incentive Compensation (Schedule Of ESPP Activity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received for shares issued	$ 689	$ 2,625	$ 3,074
Compensation expense	$ 19,692	$ 30,987	$ 35,928
Shares issued	532,292	550,950	360,465
2013 Employee Stock Purchase Plan Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 122	$ 463	$ 542

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

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 2019 presentation.

Business

The Company provides a wide variety of services and products to the energy industry. The Company serves major, national and independent oil and natural gas companies around the world and offers products and services with respect to 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. Given the Company’s long-term strategy of expanding geographically, the Company also provides supplemental segment revenue information in three geographic areas: U.S. land; U.S. offshore; 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 the Company’s total revenues in 2019, 2018 or 2017.

The Company’s assets that are potentially exposed to concentrations of credit risk consist primarily of cash, cash equivalents and trade receivables. 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.

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 net realizable value. The Company applies net realizable value and obsolescence to the gross value of the inventory. 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. The components of inventory balances are as follows (in thousands):



	December 31,
	2019		2018
Finished goods	$	45,127	$	54,144
Raw materials		16,130		16,795
Work-in-process		9,360		5,544
Supplies and consumables		33,322		30,822
Total	$	103,939	$	107,305

Property, Plant and Equipment

Property, plant and equipment are stated at cost, except for assets for which reduction in value is recorded during the period and assets acquired using purchase accounting, which are recorded at fair value as of the date of acquisition. 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
Machinery and equipment	2	to	25	years
Automobiles, trucks, tractors and trailers	3	to	10	years
Furniture and fixtures	2	to	10	years

Reduction In Value Of Long-Lived Assets

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. 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 11 for a discussion of the reduction in value of long-lived assets recorded during 2019, 2018 and 2017.

Goodwill

The following table summarizes the Company’s goodwill (in thousands):



			Onshore
	Drilling		Completion
	Products		and Workover			Production
	and Services		Services			Services		Total

Balance, December 31, 2017	$	138,493	$	583,550		$	85,817	$	807,860
Foreign currency translation adjustment		(1,705)		-			(529)		(2,234)
Reduction in value of assets		-		(583,550)	⁽¹⁾		(85,288)		(668,838)
Balance, December 31, 2018		136,788		-			-		136,788
Foreign currency translation adjustment		907		-			-		907
Balance, December 31, 2019	$	137,695	$	-		$	-	$	137,695

(1)$417.0 million of reduction in value of assets was allocated to Pumpco and is reported in the loss from discontinued operations for the year ended December 31, 2018.

The Company performs the goodwill impairment test on an annual basis as of October 1 or more often if events or circumstances indicate there may be impairment. Goodwill impairment testing is performed at the reporting unit level, which is consistent with the reporting segments. The Company assesses whether any indicators of impairment exist, which requires a significant amount of judgment. Such indicators may include a sustained decrease in the Company’s stock price and market capitalization; a decline in the expected future cash flows; overall weakness in the industry; and slower growth rates.

Goodwill impairment exists when the estimated fair value of the reporting unit is below the carrying value. In estimating the fair value of the reporting units, the Company uses a combination of an income approach and a market-based approach.

Income approach – The Company discounts the expected cash flows of each reporting unit. The discount rate used represents the estimated weighted average cost of capital, which reflects the overall level of inherent risk involved in the Company’s operations and cash flows and the rate of return an outside investor would expect to earn.

Market-based approach – The Company uses the guideline public company method, which focuses on comparing the Company’s risk profile and growth prospects to select reasonably similar publicly traded companies.

The Company weighs the income approach 80% and the market-based approach 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 is performed for each unit on a standalone basis. A control premium, derived from market transaction data, is used in this reconciliation to ensure that fair values are reasonably stated in conjunction with the Company’s capitalization. The Company uses all available information to estimate fair value of the reporting units, including discounted cash flows. A significant amount of judgment was involved in performing these evaluations given that the results are based on estimated future events.

During the fourth quarter of 2018, the industry climate deteriorated rapidly due to the dramatic decline in crude oil prices and the related large sell-off in the equity markets for issuers in the energy industry. As a result of the adverse changes in the business environment that occurred during the fourth quarter of 2018 and the strategic review of the Company’s expected near-term cash flows from operations, the Company reviewed the goodwill for impairment. It was concluded that at December 31, 2018, the Onshore Completion and Workover Services segment’s goodwill of $583.6 million and the Production Services segment’s goodwill of $85.3 million were fully impaired. The fair value of the Drilling Products and Services segment was substantially in excess of its carrying value. See note 11 for a discussion of the reduction in value of goodwill recorded during 2018. At December 31, 2019 and 2018, the Company’s accumulated reduction in value of goodwill was $2,417.1 million.

Notes Receivable

The Company’s wholly owned subsidiary, Wild Well Control, Inc., has decommissioning obligations related to its ownership of the oil and gas property and related assets. Notes receivable consist of a commitment from the seller of the property’s sole 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 $4.2 million, $3.9 million and $3.6 million during 2019, 2018 and 2017, respectively.

Restricted Cash

Restricted cash represents cash held in escrow to secure the future decommissioning obligations related to the oil and gas property.

Intangible and Other Long-Term Assets

Intangible assets consist of the following (in thousands):



		December 31,
		2019						2018
	Estimated	Gross		Accumulated		Net		Gross		Accumulated		Net
	Useful Lives	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	17 years	$	19,902	$	(14,680)	$	5,222	$	133,374	$	(59,711)	$	73,663
Tradenames	10 years		8,907		(5,413)		3,494		20,717		(13,334)		7,383
Non-compete agreements	3 years		3,464		(3,106)		358		4,474		(3,313)		1,161
Total		$	32,273	$	(23,199)	$	9,074	$	158,565	$	(76,358)	$	82,207

Amortization expense was $2.1 million during 2019 and $5.6 million in each of 2018 and 2017. Based on the carrying values of intangible assets at December 31, 2019, amortization expense for the next five years (2020 through 2024) is estimated to be $1.2 million per year.

The Company recorded $57.7 million of expense related to the reduction in carrying values of intangibles at Pumpco, which is included in the loss from discontinued operations for the year ended December 31, 2019. In addition, during 2019, the Company recorded $7.6 million of expense related to the reduction in carrying values of intangibles in the Onshore Completion and Workover Services segment (see note 11).

Decommissioning Liabilities

The Company’s decommissioning liabilities associated with the oil and gas property and its related assets consist of costs related to the plugging of wells, the removal of the related platform and equipment, and site restoration. The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows and/or relating timing needed to satisfy the liability have changed materially.

The following table summarizes the activity for the Company’s decommissioning liabilities (in thousands):



	December 31,
	2019		2018
Balance at beginning of period	$	130,096	$	130,397
Accretion		6,332		4,906
Liabilities settled		(147)		(5,207)
Balance at end of period	$	136,281	$	130,096

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. It is the Company’s policy to recognize interest and applicable penalties related to uncertain tax positions in income tax expense.

Earnings Per Share

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.

During 2019, 2018 and 2017, the Company incurred losses from continuing operations; as such, the impact of any incremental shares would be anti-dilutive.

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. During 2019, 2018 and 2017, the Company recorded foreign currency losses of $0.8 million, $1.9 million and $2.2 million, respectively.

Stock-Based Compensation

The Company records compensation costs relating to share-based payment transactions and includes such costs in general and administrative expenses in the consolidated statements 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).

Self-Insurance Reserves

The Company is self-insured, through deductibles and retentions, up to certain levels for losses under its insurance programs. 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 asserted and unasserted 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.

New Accounting Pronouncements

Recently Issued Accounting Standards

In June 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-13, Measurement of Credit Loses on Financial Instruments. This update improves financial reporting by requiring earlier recognition of credit losses on financing receivables and other financial assets in scope by using the Current Expected Credit Losses model (CECL). The CECL model utilizes a lifetime expected credit loss measurement objective for the recognition of credit losses on financial instruments at the time the asset is originated or acquired. This update will apply to receivables arising from revenue transactions. The new standard is effective for the Company beginning on January 1, 2023. The Company is evaluating the effect ASU 2016-13 will have on its consolidated financial statements.

In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This update aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs of a hosting arrangement that is a service contract will be expensed over the term of the hosting arrangement. The Company adopted the new standard on January 1, 2020 on a prospective basis with respect to all implementation costs incurred after the date of adoption.

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. The new standard is effective for the Company beginning on January 1, 2021. The Company is evaluating the effect ASU 2019-12 will have on its consolidated financial statements.

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

Summary Of Significant Accounting Policies (Summary Of Activity Of Goodwill) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Goodwill [Roll Forward]

Beginning Balance

$ 136,788

$ 807,860

Foreign currency translation adjustments

907

(2,234)

Reduction in value of assets

^[1]

(668,838)

Ending Balance

137,695

136,788

Drilling Products And Services [Member]

Goodwill [Roll Forward]

Beginning Balance

136,788

138,493

Foreign currency translation adjustments

907

(1,705)

Ending Balance

$ 137,695

136,788

Onshore Completion And Workover Services [Member]

Goodwill [Roll Forward]

Beginning Balance

583,550

Reduction in value of assets

^[1]

(583,550)

Production Services [Member]

Goodwill [Roll Forward]

Beginning Balance

85,817

Foreign currency translation adjustments

(529)

Reduction in value of assets

^[1]

$ (85,288)

[1]



			Onshore
	Drilling		Completion
	Products		and Workover			Production
	and Services		Services			Services		Total

Balance, December 31, 2017	$	138,493	$	583,550		$	85,817	$	807,860
Foreign currency translation adjustment		(1,705)		-			(529)		(2,234)
Reduction in value of assets		-		(583,550)	⁽¹⁾		(85,288)		(668,838)
Balance, December 31, 2018		136,788		-			-		136,788
Foreign currency translation adjustment		907		-			-		907
Balance, December 31, 2019	$	137,695	$	-		$	-	$	137,695

(1)$417.0 million of reduction in value of assets was allocated to Pumpco and is reported in the loss from discontinued operations for the year ended December 31, 2018.

Stock-Based And Long-Term Incentive Compensation (Summary Of Stock Option Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summarization of stock option activity
Number of options outstanding, beginning	643,545
Number of options granted	59,286
Number of options expired	(33,471)
Number of options outstanding, ending	669,360	643,545
Number of options exercisable	566,946
Number of options expected to vest	102,414
Weighted average option price outstanding, beginning	$ 182.69
Weighted average option price granted	43.6
Weighted average option price expired	207.88
Weighted average option price outstanding, ending	169.11	$ 182.69
Weighted average option price exercisable	185.48
Weighted average option price expected to vest	$ 78.47
Weighted average remaining contractual term, outstanding	4 years 8 months 12 days	5 years
Weighted average remaining contractual term, exercisable	4 years
Weighted average remaining contractual term, expected to vest	8 years 7 months 6 days

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2019

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, 2019, 2018 and 2017

(in thousands)



		Balance at the		Charged to
		beginning of		costs and				Balance at the
Description		the year		expenses		Deductions		end of the year
2019
	Allowance for doubtful accounts	$	12,080	$	3,006	$	2,930	$	12,156
2018
	Allowance for doubtful accounts	$	29,037	$	3,569	$	20,526	$	12,080
2017
	Allowance for doubtful accounts	$	29,740	$	4,254	$	4,957	$	29,037

Summary Of Significant Accounting Policies (Foreign Currency) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Summary Of Significant Accounting Policies [Abstract]
Foreign currency gains (losses)	$ (0.8)	$ (1.9)	$ (2.2)

Leases (Operating Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Long-term fixed lease expense	$ 33,577	$ 33,642
Long-term variable lease expense	406	749
Short-term lease expense	17,670	14,367
Total operating lease expense	$ 51,653	$ 48,758

Supplemental Guarantor Information (Consolidating Statements of Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (98,524)	$ (38,442)	$ (71,050)	$ (47,705)	$ (750,185)	$ (21,816)	$ (26,390)	$ (59,724)	$ (255,721)	$ (858,115)	$ (205,921)
Change in cumulative translation adjustment, net of tax									1,250	(5,750)	12,821
Comprehensive loss									(254,471)	(863,865)	(193,100)
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss									360,156	1,566,060	283,279
Change in cumulative translation adjustment, net of tax									(2,500)	11,500	(25,642)
Comprehensive loss									357,656	1,577,560	257,637
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss									(255,721)	(858,115)	(205,921)
Change in cumulative translation adjustment, net of tax									1,250	(5,750)	12,821
Comprehensive loss									(254,471)	(863,865)	(193,100)
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss									(255,721)	(858,115)	(205,921)
Change in cumulative translation adjustment, net of tax									1,250	(5,750)	12,821
Comprehensive loss									(254,471)	(863,865)	(193,100)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss									(125,514)	(596,718)	(7,163)
Comprehensive loss									(125,514)	(596,718)	(7,163)
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss									21,079	(111,227)	(70,195)
Change in cumulative translation adjustment, net of tax									1,250	(5,750)	12,821
Comprehensive loss									$ 22,329	$ (116,977)	$ (57,374)

- Definition

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

+ References + Details

Leases (Supplemental Balance Sheet Information) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating lease ROU assets	$ 80,906
Accrued expenses	21,072
Operating lease liabilities	62,354
Total operating lease liabilities	83,426
Cash paid for operating leases	34,207
ROU assets obtained in exchange for lease obligations	$ 20,200
Weighted average remaining lease term	9 years
Weighted average discount rate	6.75%

Summary Of Significant Accounting Policies (Intangible And Other Long-Term Assets) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization expense exclusive of debt acquisition costs	$ 2,100	$ 5,600	$ 5,600
Amortization of intangible assets exclusive of debt acquisitions costs for 2019	1,200
Amortization of intangible assets exclusive of debt acquisitions costs for 2020	1,200
Amortization of intangible assets exclusive of debt acquisitions costs for 2021	1,200
Amortization of intangible assets exclusive of debt acquisitions costs for 2022	1,200
Amortization of intangible assets exclusive of debt acquisitions costs for 2023	1,200
Reduction in carrying value of intangibles	7,556	$ 21,689
Onshore Completion and Workover Services and Production Services [Member]
Finite-Lived Intangible Assets [Line Items]
Reduction in carrying value of intangibles	7,600
Pumpco [Member]
Finite-Lived Intangible Assets [Line Items]
Reduction in carrying value of intangibles	$ 57,700

Debt (Schedule Of Maturities Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt [Abstract]
2020
2021	800,000
2022
2023
2024	500,000
Thereafter
Total	$ 1,300,000	$ 1,300,000

Income Taxes (Schedule Of Components Of Income And Loss From Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Domestic	$ (81,443)	$ (448,575)	$ (270,221)
Foreign	(936)	(21,831)	(41,656)
Loss from continuing operations before income taxes	$ (82,379)	$ (470,406)	$ (311,877)

Contingencies

12 Months Ended

Dec. 31, 2019

Contingencies [Abstract]

Contingencies

(10) Contingencies

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.

A subsidiary of the Company is involved in legal proceedings with two employees regarding the payment of royalties for a patentable product developed by them. On April 2, 2018, the employees filed a lawsuit in the Harris County District Court alleging that the royalty payments they had received since 2010 should have been higher. In May 2019, the jury issued a verdict in favor of the plaintiffs. On October 25, 2019, the court issued a final judgment against the Company. The Company strongly disagrees with the verdict and believes the district court committed several legal errors that should result in a reversal or remand of the case by the Court of Appeals. The ultimate resolution of this matter could result in a loss of up to $7.4 million in excess of amounts accrued.

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, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 1,021,300	$ 1,084,711
Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	15,499	13,306
Non-Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,372	1,138
Other long-term liabilities	23,466	19,766
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	1,021,300	1,084,711
Level 1 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets		376
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt
Level 2 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	15,499	12,930
Level 2 [Member] \| Non-Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,372	1,138
Other long-term liabilities	23,466	19,766
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt
Level 3 [Member] \| Non-Qualified Deferred Compensation Assets [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]
Accounts payable
Other long-term liabilities

Summary Of Significant Accounting Policies (Composition Of Intangible And Other Long-term Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule of Intangible Assets by Major Class [Line Items]
Gross Amount	$ 32,273	$ 158,565
Accumulated Amortization	(23,199)	(76,358)
Net Balance	$ 9,074	82,207
Customer Relationships [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	17 years
Gross Amount	$ 19,902	133,374
Accumulated Amortization	(14,680)	(59,711)
Net Balance	$ 5,222	73,663
Tradenames [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	10 years
Gross Amount	$ 8,907	20,717
Accumulated Amortization	(5,413)	(13,334)
Net Balance	$ 3,494	7,383
Non-compete [Member]
Schedule of Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	3 years
Gross Amount	$ 3,464	4,474
Accumulated Amortization	(3,106)	(3,313)
Net Balance	$ 358	$ 1,161

Reduction in Value of Assets (Components of the Expense) (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reduction In Value Of Assets [Abstract]
Reduction in value of goodwill				$ 668,900	$ 251,826
Reduction in value of long-lived assets				17,185	70,887	$ 10,390
Total reduction in value of assets	$ 9,628	$ 7,557	$ 322,713	$ 17,185	$ 322,713	$ 10,390

Supplemental Guarantor Information (Condensed Consolidating Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	223,570	231,927	229,532	240,053	248,394	245,832	235,679	240,583	925,082	970,488	889,809
Depreciation, depletion, amortization and accretion	43,741	45,104	51,271	56,343	65,478	69,338	67,862	75,761	196,459	278,439	326,856
General and administrative expenses									268,226	276,468	285,597
Reduction in value of assets		9,628	7,557		322,713				17,185	322,713	10,390
Income (loss) from operations									18,417	(369,251)	(207,123)
Other expense:
Interest income (expense), net									(98,312)	(99,477)	(101,455)
Other income (expense)									(2,484)	(1,678)	(3,299)
Loss from continuing operations before income taxes									(82,379)	(470,406)	(311,877)
Income taxes									(4,626)	(43,003)	(131,562)
Net loss from continuing operations	(6,162)	(20,506)	(18,441)	(32,644)	(317,014)	(23,436)	(33,817)	(53,136)	(77,753)	(427,403)	(180,315)
Loss from discontinued operations, net of income tax	(92,362)	(17,936)	(52,609)	(15,061)	(433,171)	1,620	7,427	(6,588)	(177,968)	(430,712)	(25,606)
Net loss	$ (98,524)	$ (38,442)	$ (71,050)	$ (47,705)	$ (750,185)	$ (21,816)	$ (26,390)	$ (59,724)	(255,721)	(858,115)	(205,921)
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues									(25,287)	(31,255)	(15,701)
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									(25,287)	(31,255)	(15,701)
Other expense:
Equity in losses of consolidated subsidiaries									360,156	1,566,060	283,279
Loss from continuing operations before income taxes									360,156	1,566,060	283,279
Net loss from continuing operations									360,156	1,566,060	283,279
Net loss									360,156	1,566,060	283,279
Parent [Member]
Other expense:
Equity in losses of consolidated subsidiaries									(255,721)	(858,115)	(205,921)
Loss from continuing operations before income taxes									(255,721)	(858,115)	(205,921)
Net loss from continuing operations									(255,721)	(858,115)	(205,921)
Net loss									(255,721)	(858,115)	(205,921)
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									(7,023)	(13,265)	(4,123)
Depreciation, depletion, amortization and accretion									3,682	3,945	4,149
General and administrative expenses									87,727	95,725	86,840
Income (loss) from operations									(84,386)	(86,405)	(86,866)
Other expense:
Interest income (expense), net									(103,397)	(103,594)	(105,585)
Intercompany interest income (expense)									(107)
Other income (expense)									(1,732)	71	(1,350)
Equity in losses of consolidated subsidiaries									(107,768)	(707,348)	(76,394)
Loss from continuing operations before income taxes									(297,390)	(897,276)	(270,195)
Income taxes									(41,669)	(39,161)	(64,274)
Net loss from continuing operations									(255,721)	(858,115)	(205,921)
Net loss									(255,721)	(858,115)	(205,921)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues									1,126,456	1,238,343	1,086,567
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									730,473	823,908	733,600
Depreciation, depletion, amortization and accretion									154,424	229,565	271,853
General and administrative expenses									134,123	129,667	142,166
Reduction in value of assets									14,900	230,429	2,273
Income (loss) from operations									92,536	(175,226)	(63,325)
Other expense:
Interest income (expense), net									5,115	3,950	4,451
Other income (expense)									(759)	1,014	202
Equity in losses of consolidated subsidiaries									3,333	(597)	(964)
Loss from continuing operations before income taxes									100,225	(170,859)	(59,636)
Income taxes									47,771	(4,124)	(59,169)
Net loss from continuing operations									52,454	(166,735)	(467)
Loss from discontinued operations, net of income tax									(177,968)	(429,983)	(6,696)
Net loss									(125,514)	(596,718)	(7,163)
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues									324,200	271,769	234,663
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)									226,919	191,100	176,033
Depreciation, depletion, amortization and accretion									38,353	44,929	50,854
General and administrative expenses									46,376	51,076	56,591
Reduction in value of assets									2,285	92,284	8,117
Income (loss) from operations									10,267	(107,620)	(56,932)
Other expense:
Interest income (expense), net									(30)	167	(321)
Intercompany interest income (expense)									107
Other income (expense)									7	(2,763)	(2,151)
Loss from continuing operations before income taxes									10,351	(110,216)	(59,404)
Income taxes									(10,728)	282	(8,119)
Net loss from continuing operations									21,079	(110,498)	(51,285)
Loss from discontinued operations, net of income tax										(729)	(18,910)
Net loss									$ 21,079	$ (111,227)	$ (70,195)

Debt

12 Months Ended

Dec. 31, 2019

Debt [Abstract]

Debt

(5) Debt

The Company’s outstanding debt was as follows (in thousands):



		December 31,
		2019		2018
	Stated Interest Rate (%)	Long-term
Senior unsecured notes due September 2024	7.750	$	500,000	$	500,000
Senior unsecured notes due December 2021	7.125		800,000		800,000
Total debt, gross			1,300,000		1,300,000
Unamortized debt issuance costs			(13,371)		(17,079)
Total debt, net		$	1,286,629	$	1,282,921

Debt maturities presented as of December 31, 2019 were as follows (in thousands):



2020	$	-
2021		800,000
2022		-
2023		-
2024		500,000
Thereafter		-
Total	$	1,300,000

Credit Facility

The Company has an asset-based revolving credit facility which matures in October 2022. The borrowing base under the credit facility is calculated based on a formula referencing the borrower’s and the subsidiary guarantors’ eligible accounts receivable, eligible inventory and eligible premium rental drill pipe less reserves. Availability under the credit facility is the lesser of (i) the commitments, (ii) the borrowing base and (iii) the highest principal amount permitted to be secured under the indenture governing the 7.125% senior unsecured notes due 2021. On September 20, 2019, the Company amended its credit facility to increase the letter of credit capacity from $100.0 million to $150.0 million. At December 31, 2019, the borrowing base was $220.0 million and the Company had $102.5 million of letters of credit outstanding that reduced its borrowing availability under the revolving credit facility. The credit agreement contains various covenants, including, but not limited to, limitations on the incurrence of indebtedness, permitted investments, liens on assets, making distributions, transactions with affiliates, merger, consolidations, dispositions of assets and other provisions customary in similar types of agreements.

Senior Unsecured Notes

The Company has outstanding $500 million of senior unsecured notes due September 2024. The indenture governing the 7.75% senior unsecured notes due 2024 requires semi-annual interest payments on March 15 and September 15 of each year through the maturity date of September 15, 2024.

At December 31, 2019, the Company had outstanding $800 million of 7.125% senior unsecured notes due December 2021 (referred to herein as the Original Notes). In connection with the Exchange Offer, $617.9 million aggregate principal amount of outstanding Original Notes were validly tendered for exchange and not withdrawn, representing 77.24% of the aggregate principal amount of Original Notes outstanding upon commencement of the Exchange Offer. SESI accepted all validly tendered Original Notes and issued $617.9 million aggregate principal amount of New Notes pursuant to the New Notes Indenture. As a result of the Exchange Offer, as of February 24, 2020, the Company has outstanding $182.1 million of Original Notes. The Original Notes Indenture requires semi-annual interest payments on June 15 and December 15of each year through the maturity date of December 15, 2021. The New Notes Indenture and the Original Notes Indenture each contain customary events of default and require that we satisfy various covenants.

Discontinued Operations (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Subsea Construction Marine Vessels [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations	$ 0.7	$ 18.9

Segment Information (Schedule Of Capital Expenditures, By Segment) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Segment Reporting Information [Line Items]

Capital Expenditures

$ 103,722

$ 113,276

$ 65,389

Drilling Products And Services [Member]

Segment Reporting Information [Line Items]

Capital Expenditures

63,252

46,649

27,219

Onshore Completion And Workover Services [Member]

Segment Reporting Information [Line Items]

Capital Expenditures

^[1]

5,830

39,699

15,871

Pumpco capital expenditures

36,700

108,100

99,500

Production Services [Member]

Segment Reporting Information [Line Items]

Capital Expenditures

17,009

8,651

7,860

Technical Solutions [Member]

Segment Reporting Information [Line Items]

Capital Expenditures

11,377

16,221

13,296

Corporate And Other [Member]

Segment Reporting Information [Line Items]

Capital Expenditures

$ 6,254

$ 2,056

$ 1,143

[1]	Excludes capital expenditures related to Pumpco of $36.7 million, $108.1 million and $99.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Supplemental Guarantor Information

12 Months Ended

Dec. 31, 2019

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

(13) Supplemental Guarantor Information

SESI, L.L.C. (the Issuer), a 100% owned subsidiary of Superior Energy Services, Inc. (Parent), has $500 million of 7.75% senior unsecured notes due 2024. The Parent, along with certain of its 100% owned domestic subsidiaries, fully and unconditionally guaranteed the senior unsecured notes, and such guarantees are joint and several.



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	210,691	$	612	$	61,321	$	-	$	272,624
Accounts receivable, net		-		750		245,941		85,356		-		332,047
Income taxes receivable		-		(1,080)		-		1,820		-		740
Other current assets		-		9,594		106,857		50,310		-		166,761
Assets held for sale		-		-		216,197		-		-		216,197
Total current assets		-		219,955		569,607		198,807		-		988,369

Property, plant and equipment, net		-		11,129		497,395		156,425		-		664,949
Operating lease right-of-use assets		-		22,052		44,048		14,806		-		80,906
Goodwill		-		-		80,544		57,151		-		137,695
Notes receivable		-		-		68,092		-		-		68,092
Long-term intercompany accounts receivable		2,260,980		1,281,183		3,020,808		202,331		(6,765,302)		-
Intercompany notes receivable		-		-		-		9,400		(9,400)		-
Equity investments of consolidated subsidiaries		(2,207,117)		3,498,602		10,449		-		(1,301,934)		-
Restricted cash		-		-		2,719		45		-		2,764
Intangible and other long-term assets, net		-		19,466		24,313		6,676		-		50,455
Total assets	$	53,863	$	5,052,387	$	4,317,975	$	645,641	$	(8,076,636)	$	1,993,230

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	10,701	$	49,159	$	33,106	$	-	$	92,966
Accrued expenses		-		76,249		80,696		25,989		-		182,934
Income taxes payable		-		-		-		-		-		-
Current portion of decommissioning liabilities		-		-		-		3,649		-		3,649
Liabilities held for sale		-		-		44,938		-		-		44,938
Total current liabilities		-		86,950		174,793		62,744		-		324,487

Long-term debt, net		-		1,286,629		-		-		-		1,286,629
Deferred income taxes		-		3,247		-		-		-		3,247
Decommissioning liabilities		-		-		132,632		-		-		132,632
Operating lease liabilities		-		22,738		29,206		10,410		-		62,354
Long-term intercompany accounts payable		4,290		5,805,516		832,407		123,089		(6,765,302)		-
Intercompany notes payable		-		9,400		-		-		(9,400)		-
Other long-term liabilities		-		45,024		75,976		13,308		-		134,308
Total stockholders' equity (deficit)		49,573		(2,207,117)		3,072,961		436,090		(1,301,934)		49,573
Total liabilities and stockholders' equity	$	53,863	$	5,052,387	$	4,317,975	$	645,641	$	(8,076,636)	$	1,993,230



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	102,224	$	707	$	55,119	$	-	$	158,050
Accounts receivable, net		-		160		367,497		79,696		-		447,353
Intercompany accounts receivable		-		12,279		74,906		3,489		(90,674)		-
Other current assets		-		12,805		111,560		43,137		-		167,502
Total current assets		-		127,468		554,670		181,441		(90,674)		772,905

Property, plant and equipment, net		-		10,129		920,978		178,019		-		1,109,126
Goodwill		-		-		80,544		56,244		-		136,788
Notes receivable		-		-		63,993		-		-		63,993
Long-term intercompany accounts receivable		2,243,431		-		1,991,912		182,284		(4,417,627)		-
Equity investments of consolidated subsidiaries		(1,952,647)		3,754,887		5,992		-		(1,808,232)		-
Restricted cash		-		-		5,653		45		-		5,698
Intangible and other long-term assets, net		-		19,255		100,847		7,350		-		127,452
Total assets	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,807	$	109,903	$	20,615	$	-	$	139,325
Accrued expenses		45		102,845		86,926		29,364		-		219,180
Income taxes payable		-		1,237		-		(503)		-		734
Intercompany accounts payable		-		724		6,869		83,081		(90,674)		-
Current portion of decommissioning liabilities		-		-		-		3,538		-		3,538
Total current liabilities		45		113,613		203,698		136,095		(90,674)		362,777

Long-term debt, net		-		1,282,921		-		-		-		1,282,921
Decommissioning liabilities		-		-		126,558		-		-		126,558
Long-term intercompany accounts payable		-		4,417,627		-		-		(4,417,627)		-
Other long-term liabilities		-		50,225		76,543		26,199		-		152,967
Total stockholders' equity (deficit)		290,739		(1,952,647)		3,317,790		443,089		(1,808,232)		290,739
Total liabilities and stockholders' equity	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,126,456		324,200		(25,287)	$	1,425,369
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(7,023)		730,473		226,919		(25,287)		925,082
Depreciation, depletion, amortization and
accretion		-		3,682		154,424		38,353		-		196,459
General and administrative expenses		-		87,727		134,123		46,376		-		268,226
Reduction in value of assets		-		-		14,900		2,285		-		17,185
Income (loss) from operations		-		(84,386)		92,536		10,267		-		18,417

Other income (expense):
Interest income (expense), net		-		(103,397)		5,115		(30)		-		(98,312)
Intercompany interest income (expense)		-		(107)		-		107		-		-
Other income (expense)		-		(1,732)		(759)		7		-		(2,484)
Equity in losses of consolidated subsidiaries		(255,721)		(107,768)		3,333		-		360,156		-
Income (loss) from operations before income taxes		(255,721)		(297,390)		100,225		10,351		360,156		(82,379)
Income taxes		-		(41,669)		47,771		(10,728)		-		(4,626)
Net loss from continuing operations		(255,721)		(255,721)		52,454		21,079		360,156		(77,753)
Loss from discontinued operations, net of tax		-		-		(177,968)		-		-		(177,968)
Net income (loss)	$	(255,721)	$	(255,721)	$	(125,514)	$	21,079	$	360,156	$	(255,721)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(255,721)	$	(255,721)	$	(125,514)	$	21,079	$	360,156	$	(255,721)
Change in cumulative translation adjustment, net of tax		1,250		1,250		-		1,250		(2,500)		1,250
Comprehensive loss	$	(254,471)	$	(254,471)	$	(125,514)	$	22,329	$	357,656	$	(254,471)

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,238,343	$	271,769	$	(31,255)	$	1,478,857
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(13,265)		823,908		191,100		(31,255)		970,488
Depreciation, depletion, amortization and
accretion		-		3,945		229,565		44,929		-		278,439
General and administrative expenses		-		95,725		129,667		51,076		-		276,468
Reduction in value of assets		-		-		230,429		92,284		-		322,713
Loss from operations		-		(86,405)		(175,226)		(107,620)		-		(369,251)

Other income (expense):
Interest expense, net		-		(103,594)		3,950		167		-		(99,477)
Other income (expense)		-		71		1,014		(2,763)		-		(1,678)
Equity in losses of consolidated subsidiaries		(858,115)		(707,348)		(597)		-		1,566,060		-
Loss from continuing operations before income taxes		(858,115)		(897,276)		(170,859)		(110,216)		1,566,060		(470,406)
Income taxes		-		(39,161)		(4,124)		282		-		(43,003)
Net loss from continuing operations		(858,115)		(858,115)		(166,735)		(110,498)		1,566,060		(427,403)
Loss from discontinued operations, net of income taxes		-		-		(429,983)		(729)		-		(430,712)
Net loss	$	(858,115)	$	(858,115)	$	(596,718)	$	(111,227)	$	1,566,060	$	(858,115)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(858,115)	$	(858,115)	$	(596,718)	$	(111,227)	$	1,566,060	$	(858,115)
Change in cumulative translation adjustment, net of tax		(5,750)		(5,750)		-		(5,750)		11,500		(5,750)
Comprehensive income (loss)	$	(863,865)	$	(863,865)	$	(596,718)	$	(116,977)	$	1,577,560	$	(863,865)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2017
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,086,567	$	234,663	$	(15,701)	$	1,305,529
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(4,123)		733,600		176,033		(15,701)		889,809
Depreciation, depletion, amortization and
accretion		-		4,149		271,853		50,854		-		326,856
General and administrative expenses		-		86,840		142,166		56,591		-		285,597
Reduction in value of assets		-		-		2,273		8,117		-		10,390
Income (loss) from operations		-		(86,866)		(63,325)		(56,932)		-		(207,123)

Other income (expense):
Interest income (expense), net		-		(105,585)		4,451		(321)		-		(101,455)
Other income (expense)		-		(1,350)		202		(2,151)		-		(3,299)
Equity in earnings (losses) of consolidated subsidiaries		(205,921)		(76,394)		(964)		-		283,279		-
Income (loss) from continuing operations before income taxes		(205,921)		(270,195)		(59,636)		(59,404)		283,279		(311,877)
Income taxes		-		(64,274)		(59,169)		(8,119)		-		(131,562)
Net loss from continuing operations		(205,921)		(205,921)		(467)		(51,285)		283,279		(180,315)
Loss from discontinued operations, net of income tax		-		-		(6,696)		(18,910)		-		(25,606)
Net income (loss)	$	(205,921)	$	(205,921)	$	(7,163)	$	(70,195)	$	283,279	$	(205,921)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2017
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(205,921)	$	(205,921)	$	(7,163)	$	(70,195)	$	283,279	$	(205,921)
Change in cumulative translation adjustment, net of tax		12,821		12,821		-		12,821		(25,642)		12,821
Comprehensive income (loss)	$	(193,100)	$	(193,100)	$	(7,163)	$	(57,374)	$	257,637	$	(193,100)

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	18,408	$	(12,879)	$	128,409	$	12,490	$	146,428

Cash flows from investing activities:
Payments for capital expenditures		-		(6,173)		(112,994)		(21,298)		(140,465)
Proceeds from sales of assets		-		-		110,008		-		110,008
Net cash provided by (used in) investing activities		-		(6,173)		(2,986)		(21,298)		(30,457)

Cash flows from financing activities:
Purchases of treasury stock		(4,290)		-		-		-		(4,290)
Changes in notes with affiliated companies, net		(13,259)		127,661		(128,452)		14,050		-
Other		(859)		(143)		-		-		(1,002)
Net cash provided by (used in) financing activities		(18,408)		127,518		(128,452)		14,050		(5,292)
Effect of exchange rate changes on cash		-		-		-		961		961
Net change in cash, cash equivalents, and restricted cash		-		108,466		(3,029)		6,203		111,640

Cash, cash equivalents, and restricted cash at beginning of period		-		102,224		6,360		55,164		163,748
Cash, cash equivalents, and restricted cash at end of period	$	-	$	210,690	$	3,331	$	61,367	$	275,388

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	23,866	$	(2,013)	$	150,510	$	(4,023)	$	(3,283)	$	165,057

Cash flows from investing activities:
Payments for capital expenditures		-		(2,055)		(207,640)		(11,675)		-		(221,370)
Proceeds from sales of assets		-		-		20,003		13,296		-		33,299
Net cash provided by (used in) investing activities		-		(2,055)		(187,637)		1,621		-		(188,071)

Cash flows from financing activities:
Intercompany dividends		-		-		-		(3,283)		3,283		-
Changes in notes with affiliated companies, net		(21,734)		(19,787)		22,564		18,957		-		-
Other		(2,132)		(454)		-		-		-		(2,586)
Net cash provided by (used in) financing activities		(23,866)		(20,241)		22,564		15,674		3,283		(2,586)
Effect of exchange rate changes on cash		-		-		-		(3,135)		-		(3,135)
Net change in cash, cash equivalents, and restricted cash		-		(24,309)		(14,563)		10,137		-		(28,735)

Cash, cash equivalents, and restricted cash at beginning of period		-		126,533		20,923		45,027		-		192,483
Cash, cash equivalents, and restricted cash at end of period	$	-	$	102,224	$	6,360	$	55,164	$	-	$	163,748

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2017
(in thousands)

	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	26,221	$	3,369	$	89,739	$	(22,903)	$	96,426

Cash flows from investing activities:
Payments for capital expenditures		-		(1,041)		(148,738)		(15,154)		(164,933)
Other		-		-		23,485		4,784		28,269
Net cash used in investing activities		-		(1,041)		(125,253)		(10,370)		(136,664)

Cash flows from financing activities:
Proceeds from issuance of long-term debt		-		500,000		-		-		500,000
Principal payments on long-term debt		-		(500,000)		-		-		(500,000)
Payment of debt issuance costs		-		(11,967)		-		-		(11,967)
Changes in notes with affiliated companies, net		(21,163)		8,727		4,648		7,788		-
Other		(5,058)		-		-		-		(5,058)
Net cash provided by (used in) financing activities		(26,221)		(3,240)		4,648		7,788		(17,025)
Effect of exchange rate changes on cash		-		-		-		3,654		3,654
Net decrease in cash, cash equivalents, and restricted cash		-		(912)		(30,866)		(21,831)		(53,609)

Cash, cash equivalents, and restricted cash at beginning of period		-		127,445		51,789		66,858		246,092
Cash, cash equivalents, and restricted cash at end of period	$	-	$	126,533	$	20,923	$	45,027	$	192,483

Discontinued Operation (Cash Flow Of Discontinued Operations) (Details) - Pumpco [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	$ 75,077	$ 122,409	$ 111,860
Reduction in value of assets	76,577	417,011	3,765
Payments for capital expenditures	(36,743)	$ (108,094)	(99,544)
Proceeds from sales of assets	$ 1,669		$ 5,262

Stock-Based And Long-Term Incentive Compensation

12 Months Ended

Dec. 31, 2019

Stock-Based And Long-Term Incentive Compensation [Abstract]

Stock-Based And Long-Term Incentive Compensation

(6) Stock-Based and Long-Term Incentive Compensation

The Company is authorized to grant restricted stock units (RSUs), stock options, cash restricted stock units (CRSUs), performance share units (PSUs) and other cash and stock awards as part of the Long-Term Incentive Program (LTIP). The Compensation Committee determines the recipients of the equity awards, the type of awards made, the required performance measures, and the timing and duration of each grant. At December 31, 2019, 328,000 shares of the Company’s common stock were available for future grants under the plan.

Total stock-based compensation expense and the associated tax benefits are as follows (in thousands):



	Years ended December 31,
	2019		2018		2017
Stock options	$	2,743	$	4,247	$	4,289
Restricted stock units		15,716		19,828		21,899
Cash restricted stock units		298		-		-
Performance share units		935		6,912		9,740
Total compensation expense		19,692		30,987		35,928

Related income taxes		4,569		7,189		8,335
Total compensation expense, net of income taxes	$	15,123	$	23,798	$	27,593

Total stock-based compensation expense is reflected in general and administrative expenses in the consolidated statements of operations.

Equity-Classified Awards

Stock Options

Stock options were granted with an exercise price equal to the market price of the Company’s common stock at the date of grant. The stock options generally vest in equal installments over three years and expire in ten years from the grant date. Non-vested stock options are generally forfeited 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 share and per-share information has been retroactively adjusted to reflect the effect of the 1-for-10 Reverse Stock Split.

The weighted average fair values of stock options granted and the assumptions used in estimating those fair values are as follows:



	Years ended December 31,
	2019			2018			2017
Weighted average fair value of stock options granted	$	24.60		$	56.12		$	83.60

Black-Scholes-Merton Assumptions:
Risk free interest rate		2.57	%		2.43	%		1.96	%
Expected life (years)		6			6			6
Volatility		56.62	%		51.21	%		48.22	%

The following table summarizes stock option activity for 2019:



	Number of Options	Weighted Average Option Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value ‎(in thousands)
Outstanding at beginning of period	643,545	$	182.69	5.0	$	-
Granted	59,286	$	43.6
Exercised	-	$	-
Expired	(33,471)	$	207.88
Outstanding at end of period	669,360	$	169.11	4.7	$	-
Exercisable at end of period	566,946	$	185.48	4.0	$	-
Options expected to vest at end of period	102,414	$	78.47	8.6	$	-

The Company received $0, $0 and $0.1 million during 2019, 2018 and 2017, respectively, from employee stock option exercises. The Company has reported tax benefits of $0, $0 and $0.1 million from the exercise of stock options for 2019, 2018 and 2017, respectively.

The following table summarizes non-vested stock option activity for 2019:



	Number of Options	Weighted Average Grant Date Fair Value
Non-vested at beginning of period	141,286	$	80.00
Granted	59,286	$	43.60
Vested	(98,158)	$	112.09
Non-vested at end of period	102,414	$	78.47

At December 31, 2019, the unrecognized compensation expense related to non-vested stock options was $2.0 million. The Company expects to recognize $1.4 million and $0.6 million of compensation expense associated with these options during 2020 and 2021, respectively.

Restricted Stock Units

RSUs 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 a stockholder, such as the right to vote shares.

The share and per-share information has been retroactively adjusted to reflect the effect of the 1-for-10 Reverse Stock Split.

The following table summarizes RSU activity for 2019:



	Number of RSUs	Weighted Average Grant Date Fair Value
Non-vested at beginning of period	342,243	$	132.15
Granted	269,032	$	40.57
Vested	(162,404)	$	127.64
Forfeited	(34,905)	$	85.47
Non-vested at end of period	413,966	$	78.32

At December 31, 2019, there was $13.1 million of unrecognized compensation expense related to unvested RSUs. The Company expects to recognize $9.4 million, $3.4 million, and $0.3 million associated with unvested RSUs for 2020, 2021, and 2022, respectively.

Liability-Classified Awards

Cash Restricted Stock Units (CRSUs)

During 2019, the Company granted CRSUs to its employees as part of the Company’s LTIP. CRSUs vest in equal annual installments over three years. The ultimate amount earned is based on the closing price of the Company’s common stock on each of the vesting dates. The grant date fair value of the CRSUs was determined based on the closing price of the Company’s common stock on the grant date. The CRSUs liability is adjusted, based on the price changes in the Company’s common stock, through the end of each vesting period. At December 31, 2019, there were 174,424 CRSUs outstanding.

Performance Share Units (PSUs)

The Company has issued PSUs to its employees as part of the Company’s LTIP. There is a three year performance period associated with each PSU grant. The two performance metrics are the Company’s return on assets and total stockholder return relative to those of the Company’s pre-defined “peer group.” 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.

At December 31, 2019, there were 315,213 PSUs outstanding (94,091, 100,052 and 121,070 related to performance periods ending December 31, 2019, 2020 and 2021, respectively). The Company has recorded both current and long-term liabilities for this compensation award.

Employee Stock Purchase Plan (ESPP)

Eligible employees were allowed to purchase shares of the Company’s common stock at a discount during six-month offering periods beginning on January 1st and July 1st of each year the ESPP was in effect and ending on June 30 and December 31 of each year the ESPP was in effect, respectively. During the fourth quarter of 2019, the ESPP was terminated in accordance with its terms.

The following table summarizes ESPP activity (in thousands except shares):



	Years ended December 31,
	2019		2018		2017
Cash received for shares issued	$	689	$	2,625	$	3,074
Compensation expense	$	122	$	463	$	542
Shares issued		532,292		550,950		360,465

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. The Company provides 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 $10.5 million, $10.0 million and $8.4 million 2019, 2018 and 2017, respectively.

Non-Qualified Deferred Compensation Plans

The Company maintains a non-qualified deferred compensation plan which allows senior management to defer up to 75% of their base salary, up to 100% of their bonus, up to 100% of the cash portion of their PSU compensation and up to 100% of the vested RSUs to the plan. The Company also maintains 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 and up to 100% of their vested RSUs to the plan. Payments are made to participants based on their annual enrollment elections and plan balances.

The following table summarizes deferred compensation balances (in thousands):



		December 31,
	Balance sheet location	2019		2018
Deferred compensation assets	Intangible and other long-term assets, net	$	15,499	$	13,306
Deferred compensation liabilities, short-term	Accounts payable	$	1,372	$	1,138
Deferred compensation liabilities, long-term	Other long-term liabilities	$	23,466	$	19,766

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 made annual contributions to a retirement account based on age and years of service. The participants in the plan received contributions ranging from 5% to 35% of salary and annual cash bonus, which totaled $1.1 million, $1.2 million and $0.9 million during 2019, 2018 and 2017, respectively. During 2019, 2018 and 2017, the Company paid $2.3 million, $0 and $0, respectively, to eligible participants in the SERP. The participation and funding of the SERP was suspended in the first quarter of 2020.

Income Taxes (Summary Of Activity In Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of period	$ 30,558	$ 30,656	$ 29,956
Additions based on tax positions related to prior years	2,500	1,899	5,576
Reductions based on tax positions related to prior years		(1,864)	(4,671)
Reductions as a result of a lapse of the applicable statute of limitations		(133)	(205)
Reductions relating to settlements with taxing authorities	(19,852)
Unrecognized tax benefits at end of period	$ 13,206	$ 30,558	$ 30,656

Leases (Narrative) (Details) - Accounting Standards Update 2016-02 [Member]	12 Months Ended
	Dec. 31, 2018 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of change in accounting principle	$ 100,000,000.0
Equity impact of adoption	$ 0

Summary Of Significant Accounting Policies (Recent Developments) (Narrative) (Details) - USD ($)		12 Months Ended
	Feb. 21, 2020	Dec. 31, 2019	Dec. 31, 2017	Feb. 24, 2020
Ownership percent		100.00%
Repayments of debt			$ 500,000,000
Stock split, conversion ratio		0.10
Unsecured Senior Notes Due 2021 [Member]
Senior Notes		$ 800,000,000.0
Stated interest rate		7.125%
Unsecured Senior Notes Due 2021 [Member] \| Subsequent Event [Member]
Senior Notes				$ 182,100,000
New Notes [Member]
Stated interest rate		7.125%
New Notes [Member] \| Subsequent Event [Member]
Principal amount	$ 617,900,000
Percentage of new principal as a percentage of original notes	77.24%
New Notes [Member] \| Maximum [Member]
Principal amount		$ 635,000,000.0
Newco [Member] \| Newco Secured Notes [Member]
Principal amount		$ 243,300,000
Stated interest rate		9.75%
Repayments of debt		$ 131,300,000
Debt consent payment		6,350,000
Newco [Member] \| Superior Secured Notes [Member]
Principal amount		$ 243,300,000
Stated interest rate		8.75%
Newco [Member] \| Scenario, Plan [Member]
Equity interest acquired		65.00%
Value of stock issued for debt		$ 30,000,000.0
Preferred stock dividend rate		5.00%
Ownership percent		52.00%
Common Class A [Member] \| Newco [Member] \| Scenario, Plan [Member]
Equity interest acquired		49.90%
Common Class B [Member] \| Newco [Member] \| Scenario, Plan [Member]
Equity interest acquired		100.00%
Forbes [Member] \| Newco [Member] \| Scenario, Plan [Member]
Ownership percent		48.00%

Reduction in Value of Assets (Tables)

12 Months Ended

Dec. 31, 2019

Reduction In Value Of Assets [Abstract]

Reduction In Value Of Assets


	Years ended December 31,
		2019		2018	2017
Reduction in value of goodwill	$	-	$	251,826	$	-
Reduction in value of long-lived assets		17,185		70,887		10,390
Total reduction in value of assets	$	17,185	$	322,713	$	10,390

Fair Value Measurements (Fair Value Measurements Used in Testing) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value Measurements [Abstract]
Impairment, Goodwill	$ 668,900	$ 251,826
Impairment, Intangible assets	7,556	21,689
Impairment, Property, plant and equipment, net	9,629	49,198
Fair Value, Property, plant and equipment, net	$ 25,000	$ 65,441

Summary Of Significant Accounting Policies (Schedule Of Inventory) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Abstract]
Finished goods	$ 45,127	$ 54,144
Raw materials	16,130	16,795
Work-in-process	9,360	5,544
Supplies and consumables	33,322	30,822
Total	$ 103,939	$ 107,305

Document And Entity Information - USD ($) $ in Thousands	12 Months Ended
Document And Entity Information - USD ($) $ in Thousands	Dec. 31, 2019	Feb. 25, 2020	Jun. 30, 2019
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-34037
Entity Registrant Name	SUPERIOR ENERGY SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2379388
Entity Address, Address Line One	1001 Louisiana Street
Entity Address, Address Line Two	Suite 2900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	654-2200
Title of 12(b) Security	Common Stock, $.001 par value
Trading Symbol	SPN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 205,400
Entity Common Stock, Shares Outstanding		15,798,428
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCECertain information called for by Items 10, 11, 12, 13 and 14 of Part III is incorporated by reference from the registrant’s definitive proxy statement to be filed pursuant to Regulation 14A.
Entity Central Index Key	0000886835
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

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



	Years ended December 31,
	2019		2018		2017
Domestic	$	(81,443)	$	(448,575)	$	(270,221)
Foreign		(936)		(21,831)		(41,656)
	$	(82,379)	$	(470,406)	$	(311,877)

Schedule Of Components Of Income Tax Expense (Benefit)



	Years ended December 31,
	2019		2018		2017
Current:
Federal	$	-	$	-	$	-
State		1,573		2,118		(750)
Foreign		(3,359)		14,856		9,137
		(1,786)		16,974		8,387
Deferred:
Federal		1,792		(66,039)		(142,590)
State		1,622		(4,161)		6,109
Foreign		(6,254)		10,223		(3,468)
		(2,840)		(59,977)		(139,949)
	$	(4,626)	$	(43,003)	$	(131,562)

Schedule Of Effective Income Tax Rate Reconciliation



	Years ended December 31,
	2019		2018		2017
Computed expected tax benefit	$	(17,513)	$	(98,785)	$	(109,157)
Increase (decrease) resulting from
State and foreign income taxes		4,019		10,437		16,437
Reduction in value of assets		(233)		27,680		-
U.S. Tax Reform		-		-		(39,603)
Other		9,101		17,665		761
Income tax benefit	$	(4,626)	$	(43,003)	$	(131,562)

Schedule Of Deferred Tax Assets and Liabilities



	December 31,
	2019		2018
Deferred tax assets:
Allowance for doubtful accounts	$	1,291	$	856
Operating loss and tax credit carryforwards		136,647		146,926
Compensation and employee benefits		35,532		38,006
Decommissioning liabilities		29,405		27,979
Operating leases		1,002		-
Other		24,903		25,331
		228,780		239,098
Valuation allowance		(84,741)		(25,571)
Net deferred tax assets		144,039		213,527

Deferred tax liabilities:
Property, plant and equipment		114,024		146,971
Notes receivable		12,977		12,977
Goodwill and other intangible assets		20,285		38,955
Other		-		14,624
Deferred tax liabilities		147,286		213,527
Net deferred tax liability	$	3,247	$	-

Summary Of Activity In Unrecognized Tax Benefits



	Years ended December 31,
	2019		2018		2017
Unrecognized tax benefits at beginning of period	$	30,558	$	30,656	$	29,956
Additions based on tax positions related to prior years		2,500		1,899		5,576
Reductions based on tax positions related to prior years		-		(1,864)		(4,671)
Reductions as a result of a lapse of the applicable statute of limitations		-		(133)		(205)
Reductions relating to settlements with taxing authorities		(19,852)		-		-
Unrecognized tax benefits at end of period	$	13,206	$	30,558	$	30,656

Discontinued Operations

12 Months Ended

Dec. 31, 2019

Discontinued Operations [Abstract]

Discontinued Operations

(12) Discontinued Operations

On December 10, 2019, the Company’s indirect, wholly owned subsidiary, Pumpco, completed its existing hydraulic fracturing field operations and determined to discontinue, wind down and exit its hydraulic fracturing operations. The Company intends to maintain an adequate number of employees to efficiently wind down Pumpco’s business. The financial results of Pumpco’s operations have historically been included in the Company’s Onshore Completions and Workover Services segment. The Company intends to sell Pumpco’s fixed assets over time during the next twelve months.

The following table summarizes the components of loss from discontinued operations, net of tax for the years ended December 31, 2019, 2018 and 2017 (in thousands):


	Years Ended December 31,
	2019			2018	2017
Revenues	$	281,452	$	651,408	$	568,547
Cost of services		272,248		531,616		508,886

Loss from discontinued operations before tax		(169,582)		(433,142)		(84,813)
Loss from discontinued operations, net of income tax		(177,968)		(430,712)		(25,606)

For the years ended December 31, 2018 and 2017, loss from discontinued operations included $0.7 million and $18.9 million, respectively, related to the Company’s former subsea construction business, which was wound down in 2018.

The following summarizes the assets and liabilities related to the business reported as discontinued operations (in thousands):



	December 31,
	2019		2018
Current assets:
Accounts receivable, net	$	25,106	$	98,003
Other current assets		6,215		21,474
Total current assets	$	31,321	$	119,477

Property, plant and equipment, net		179,144		248,874
Operating lease ROU assets		5,732		-
Intangible and other assets		-		67,421
Total assets	$	216,197	$	435,772

Current liabilities:
Accounts payable	$	14,370	$	60,576
Accrued expenses		24,751		12,073
Total current liabilities		39,121		72,649

Operating lease liabilities		5,415		-
Other long-term liabilities		402		848
Total liabilities	$	44,938	$	73,497

Significant operating non-cash items of Pumpco and cash flows from investing activities were as follows (in thousands):



	Years Ended December 31,
	2019			2018	2017
Cash flows from discontinued operating activities:
Depreciation and amortization	$	75,077	$	122,409	$	111,860
Reduction in value of assets		76,577		417,011		3,765

Cash flows from discontinued investing activities:
Payments for capital expenditures	$	(36,743)	$	(108,094)	$	(99,544)
Proceeds from sales of assets		1,669		-		5,262

Segment Information (Narrative) (Details) $ in Thousands	12 Months Ended
Segment Information (Narrative) (Details) $ in Thousands	Dec. 31, 2019 USD ($) item	Dec. 31, 2018 USD ($)
Assets held for sale	$ 216,197
Property, plant and equipment, gross	2,879,065	$ 3,749,470
Pumpco [Member]
Assets held for sale	$ 216,200
Drilling Rig Service Line [Member]
Land based drilling rigs \| item	12
Property, plant and equipment, gross	$ 66,200
Proceeds from sale	78,000
Loss on sale of assets	200
Impairment	$ 7,500

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 12,156	$ 12,080
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	25,000,000	25,000,000
Common stock, shares issued	15,689,463	15,488,542
Common stock, shares outstanding	14,717,051	15,488,542
Treasury stock at cost, shares	972,412	0

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Stock split, conversion ratio	0.10

Summary Of Significant Accounting Policies (Business) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019 segment region
Summary Of Significant Accounting Policies [Abstract]
Number of segments \| segment	4
Number of geographic regions of operations \| region	3

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

Schedule Of Inventory



	December 31,
	2019		2018
Finished goods	$	45,127	$	54,144
Raw materials		16,130		16,795
Work-in-process		9,360		5,544
Supplies and consumables		33,322		30,822
Total	$	103,939	$	107,305

Estimated Useful Lives Of The Related Assets

Buildings and improvements	5	to	40	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
	and Services		Services			Services		Total

Balance, December 31, 2017	$	138,493	$	583,550		$	85,817	$	807,860
Foreign currency translation adjustment		(1,705)		-			(529)		(2,234)
Reduction in value of assets		-		(583,550)	⁽¹⁾		(85,288)		(668,838)
Balance, December 31, 2018		136,788		-			-		136,788
Foreign currency translation adjustment		907		-			-		907
Balance, December 31, 2019	$	137,695	$	-		$	-	$	137,695

(1)

Composition Of Intangible And Other Long-term Assets



		December 31,
		2019						2018
	Estimated	Gross		Accumulated		Net		Gross		Accumulated		Net
	Useful Lives	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	17 years	$	19,902	$	(14,680)	$	5,222	$	133,374	$	(59,711)	$	73,663
Tradenames	10 years		8,907		(5,413)		3,494		20,717		(13,334)		7,383
Non-compete agreements	3 years		3,464		(3,106)		358		4,474		(3,313)		1,161
Total		$	32,273	$	(23,199)	$	9,074	$	158,565	$	(76,358)	$	82,207

Summary Of The Activity For Company's Decommissioning Liabilities



	December 31,
	2019		2018
Balance at beginning of period	$	130,096	$	130,397
Accretion		6,332		4,906
Liabilities settled		(147)		(5,207)
Balance at end of period	$	136,281	$	130,096

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Measurements [Abstract]

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




	Fair Value at December 31, 2019
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	15,499	$	-	$	15,499
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,372	$	-	$	1,372
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	23,466	$	-	$	23,466
Total debt	$	1,021,300	$	-	$	-	$	1,021,300

	Fair Value at December 31, 2018
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	376	$	12,930	$	-	$	13,306
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,138	$	-	$	1,138
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,766	$	-	$	19,766
Total debt	$	1,084,711	$	-	$	-	$	1,084,711

Fair Value Measurements Used in Testing


	Years Ended December 31,
	2019				2018
	Impairment		Fair Value		Impairment		Fair Value
Goodwill	$	-	$	-	$	251,826	$	-
Intangible assets	$	7,556	$	-	$	21,689	$	-
Property, plant and equipment, net	$	9,629	$	25,000	$	49,198	$	65,441

Fair Value Measurements

12 Months Ended

Dec. 31, 2019

Fair Value Measurements [Abstract]

Fair Value Measurements

(9) Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used in determining fair value are characterized according to a hierarchy that prioritizes those inputs based on the degree to which they are observable. The three input levels of the fair value hierarchy are 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.

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




	Fair Value at December 31, 2019
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	15,499	$	-	$	15,499
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,372	$	-	$	1,372
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	23,466	$	-	$	23,466
Total debt	$	1,021,300	$	-	$	-	$	1,021,300

	Fair Value at December 31, 2018
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	376	$	12,930	$	-	$	13,306
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,138	$	-	$	1,138
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,766	$	-	$	19,766
Total debt	$	1,084,711	$	-	$	-	$	1,084,711

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 6). 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 carrying amount of cash equivalents, accounts receivable, accounts payable and accrued expenses, as reflected in the consolidated balance sheets, approximates fair value due to the short maturities. The fair value of the debt instruments is determined by reference to the market value of the instrument as quoted in an over-the-counter market.

The following table reflects the fair value measurements used in testing the impairment of long-lived assets and goodwill (in thousands):


	Years Ended December 31,
	2019				2018
	Impairment		Fair Value		Impairment		Fair Value
Goodwill	$	-	$	-	$	251,826	$	-
Intangible assets	$	7,556	$	-	$	21,689	$	-
Property, plant and equipment, net	$	9,629	$	25,000	$	49,198	$	65,441

Fair value is measured as of the impairment date using Level 3 inputs. See note 11 for discussion of reduction in value of assets recorded during 2019 and 2018.

- 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

Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue [Abstract]

Disaggregation Of Revenues



	Years Ended December 31,
		2019		2018		2017
U.S. land
Drilling Products and Services	$	178,345	$	176,448	$	117,856
Onshore Completion and Workover Services		341,297		406,248		366,636
Production Services		138,300		195,363		151,632
Technical Solutions		40,363		31,137		34,283
Total U.S. land	$	698,305	$	809,196	$	670,407

U.S. offshore
Drilling Products and Services	$	125,104	$	100,855	$	91,507
Onshore Completion and Workover Services		-		-		-
Production Services		73,610		66,512		74,033
Technical Solutions		141,851		160,507		161,766
Total U.S. offshore	$	340,565	$	327,874	$	327,306

International
Drilling Products and Services	$	108,124	$	106,416	$	84,327
Onshore Completion and Workover Services		-		-		-
Production Services		193,920		156,650		147,116
Technical Solutions		84,455		78,721		76,373
Total International	$	386,499	$	341,787	$	307,816
Total Revenues	$	1,425,369	$	1,478,857	$	1,305,529

The following table presents the Company’s revenues by segment disaggregated by type (in thousands):



	Years Ended December 31,
		2019		2018
Services
Drilling Products and Services	$	69,958	$	54,997
Onshore Completion and Workover Services		303,542		364,500
Production Services		348,168		352,590
Technical Solutions		163,584		160,942
Total services	$	885,252	$	933,029

Rentals
Drilling Products and Services	$	291,975	$	281,750
Onshore Completion and Workover Services		37,755		41,748
Production Services		32,402		36,568
Technical Solutions		14,115		20,230
Total rentals	$	376,247	$	380,296

Product Sales
Drilling Products and Services	$	49,640	$	46,972
Onshore Completion and Workover Services		-		-
Production Services		25,260		29,367
Technical Solutions		88,970		89,193
Total product sales	$	163,870	$	165,532
Total Revenues	$	1,425,369	$	1,478,857

Segment Information

12 Months Ended

Dec. 31, 2019

Segment Information [Abstract]

Segment Information

(8) 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 machining services. The Onshore Completion and Workover Services segment provides fluid handling services and 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. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services, and the production and sale of oil and gas.

For the years ended December 31, 2019, 2018 and 2017, operating results of Pumpco are reported in discontinued operations (see note 12). Previously those operating results were reported within the Onshore Completion and Workover Services segment.

The Company evaluates the performance of its reportable segments based on income or loss from operations excluding allocated corporate expenses. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation, depletion, amortization and accretion expense and reduction in value of assets. The Company uses this segment measure to evaluate its reportable segments because it is the measure that is most consistent with how the Company organizes and manages its business operations. Corporate and other costs primarily include expenses related to support functions, salaries and benefits for corporate employees and stock-based compensation expense.

Summarized financial information for the Company’s segments is as follows (in thousands):



2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	411,573	$	341,297	$	405,830	$	266,669	$	-	$	1,425,369
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		154,503		274,162		328,527		167,890		-		925,082
Depreciation, depletion, amortization
and accretion		83,999		33,699		51,370		22,665		4,726		196,459
General and administrative expenses		60,094		25,621		29,622		59,587		93,302		268,226
Reduction in value of assets		-		8,122		2,055		7,008		-		17,185
Income (loss) from operations		112,977		(307)		(5,744)		9,519		(98,028)		18,417
Interest income (expense), net		-		-		-		4,172		(102,484)		(98,312)
Other income		-		-		-		-		(2,484)		(2,484)
Income (loss) from continuing operations
before income taxes	$	112,977	$	(307)	$	(5,744)	$	13,691	$	(202,996)	$	(82,379)



2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	383,719	$	406,248	$	418,525	$	270,365	$	-	$	1,478,857
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		148,019		315,291		342,420		164,758		-		970,488
Depreciation, depletion, amortization
and accretion		112,111		68,183		66,993		25,653		5,499		278,439
General and administrative expenses		53,688		24,386		41,499		57,600		99,295		276,468
Reduction in value of assets		-		227,801		92,252				2,660		322,713
Income (loss) from operations		69,901		(229,413)		(124,639)		22,354		(107,454)		(369,251)
Interest income (expense), net		-		-		-		3,915		(103,392)		(99,477)
Other expense		-		-		-		-		(1,678)		(1,678)
Income (loss) from continuing operations
before income taxes	$	69,901	$	(229,413)	$	(124,639)	$	26,269	$	(212,524)	$	(470,406)



2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	293,690	$	366,636	$	372,781	$	272,422	$	-	$	1,305,529
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		128,381		282,695		303,256		175,477		-		889,809
Depreciation, depletion, amortization
and accretion		131,394		81,238		78,999		29,506		5,719		326,856
General and administrative expenses		51,265		34,856		48,655		51,679		99,142		285,597
Reduction in value of assets		1,356		919		-		8,115		-		10,390
Income (loss) from operations		(18,706)		(33,072)		(58,129)		7,645		(104,861)		(207,123)
Interest income (expense), net		-		-		-		3,567		(105,022)		(101,455)
Other expense		-		-		-		-		(3,299)		(3,299)
Income (loss) from continuing operations
before income taxes	$	(18,706)	$	(33,072)	$	(58,129)	$	11,212	$	(213,182)	$	(311,877)



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
December 31, 2019	$	659,621	$	467,697	$	421,848	$	377,627	$	66,437	$	1,993,230
December 31, 2018	$	587,264	$	808,037	$	434,430	$	340,161	$	46,070	$	2,215,962
December 31, 2017	$	662,968	$	1,501,214	$	512,256	$	377,549	$	56,238	$	3,110,225

At December 31, 2019, the Onshore Completion and Workover Services segment included $216.2 million of identifiable assets relating to Pumpco that were classified as assets held for sale on the consolidated balance sheet, see note 12.

During 2019, the Company sold its drilling rig service line, which was previously included in the Onshore Completion and Workover Services segment. This service line included twelve active U.S. land based drilling rigs and associated equipment with a carrying value of $66.2 million. The Company received $78.0 million in cash proceeds and recognized a $0.2 million loss on sale of assets. In addition, the Company recorded a $7.5 million impairment of the intangibles associated with the disposed assets.



Capital Expenditures
			Onshore
	Drilling		Completion
	Products and		and Workover			Production		Technical		Corporate and		Consolidated
	Services		Services		(1)	Services		Solutions		Other		Total
December 31, 2019	$	63,252	$	5,830		$	17,009	$	11,377	$	6,254	$	103,722
December 31, 2018	$	46,649	$	39,699		$	8,651	$	16,221	$	2,056	$	113,276
December 31, 2017	$	27,219	$	15,871		$	7,860	$	13,296	$	1,143	$	65,389

(1)Excludes capital expenditures related to Pumpco of $36.7 million, $108.1 million and $99.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.

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. 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,
	2019		2018		2017
United States	$	1,038,870	$	1,137,070	$	997,713
Other countries		386,499		341,787		307,816
Total	$	1,425,369	$	1,478,857	$	1,305,529

Long-Lived Assets

	December 31,
	2019		2018
United States	$	489,189	$	903,520
Other countries		175,760		205,606
Total	$	664,949	$	1,109,126

Interim Financial Information

12 Months Ended

Dec. 31, 2019

Interim Financial Information [Abstract]

Interim Financial Information

(14) Interim Financial Information (Unaudited)

The following is a summary of consolidated interim financial information (in thousands):


	2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	365,274	$	367,438	$	356,585	$	336,072
Less:
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		240,053		229,532		231,927		223,570
Depreciation, depletion, amortization and accretion		56,343		51,271		45,104		43,741
Gross profit		68,878		86,635		79,554		68,761
Reduction in value of assets		-		7,557		9,628		-
Loss from continuing operations		(32,644)		(18,441)		(20,506)		(6,162)
Loss from discontinued operations, net of tax		(15,061)		(52,609)		(17,936)		(92,362)
Net loss	$	(47,705)	$	(71,050)	$	(38,442)	$	(98,524)

Loss per share from continuing operations:
Basic and diluted	$	(2.10)	$	(1.18)	$	(1.31)	$	(0.42)
Loss per share from discontinued operations:
Basic and diluted	$	(0.97)	$	(3.37)	$	(1.15)	$	(6.26)


	2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	354,109	$	356,901	$	378,400	$	389,447
Less:
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		240,583		235,679		245,832		248,394
Depreciation, depletion, amortization and accretion		75,761		67,862		69,338		65,478
Gross profit		37,765		53,360		63,230		75,575
Reduction in value of assets		-		-		-		322,713
Loss from continuing operations		(53,136)		(33,817)		(23,436)		(317,014)
Loss from discontinued operations, net of tax		(6,588)		7,427		1,620		(433,171)
Net loss	$	(59,724)	$	(26,390)	$	(21,816)	$	(750,185)

Loss per share from continuing operations:
Basic and diluted	$	(3.45)	$	(2.19)	$	(1.52)	$	(20.51)
Income (loss) per share from discontinued operations:
Basic and diluted	$	(0.43)	$	0.48	$	0.10	$	(28.03)

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues	$ 1,425,369	$ 1,478,857	$ 1,305,529
Costs and expenses:
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	925,082	970,488	889,809
Depreciation, depletion, amortization and accretion	196,459	278,439	326,856
General and administrative expenses	268,226	276,468	285,597
Reduction in value of assets	17,185	322,713	10,390
Income (loss) from operations	18,417	(369,251)	(207,123)
Other expense:
Interest expense, net	(98,312)	(99,477)	(101,455)
Other expense	(2,484)	(1,678)	(3,299)
Loss from continuing operations before income taxes	(82,379)	(470,406)	(311,877)
Income taxes	(4,626)	(43,003)	(131,562)
Net loss from continuing operations	(77,753)	(427,403)	(180,315)
Loss from discontinued operations, net of income tax	(177,968)	(430,712)	(25,606)
Net loss	$ (255,721)	$ (858,115)	$ (205,921)
Basic and diluted loss per share:
Net loss from continuing operations	$ (5.05)	$ (27.69)	$ (11.79)
Loss from discontinued operations	(11.56)	(27.90)	(1.68)
Net loss	$ (16.61)	$ (55.59)	$ (13.47)
Weighted average shares outstanding	15,393	15,437	15,293
Services [Member]
Revenues:
Revenues	$ 885,252	$ 933,029	$ 868,211
Costs and expenses:
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	698,150	699,322	675,896
Depreciation, depletion, amortization and accretion	121,805	175,417	218,994
Rentals [Member]
Revenues:
Revenues	376,247	380,296	279,936
Costs and expenses:
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	128,695	136,135	114,128
Depreciation, depletion, amortization and accretion	59,189	71,661	65,929
Product Sales [Member]
Revenues:
Revenues	163,870	165,532	157,382
Costs and expenses:
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	98,237	135,031	99,785
Depreciation, depletion, amortization and accretion	$ 15,465	$ 31,361	$ 41,933

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Leasehold Improvements, Gross	$ 68,400	$ 74,900
Property, plant and equipment, net	664,949	1,109,126
Depreciation	180,200	$ 258,600	$ 312,400
Pumpco, Assets Held For Sale [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 179,100

Income Taxes (Schedule Of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for doubtful accounts	$ 1,291	$ 856
Operating loss and tax credit carryforwards	136,647	146,926
Compensation and employee benefits	35,532	38,006
Decommissioning liabilities	29,405	27,979
Operating leases	1,002
Other	24,903	25,331
Deferred tax assets, gross	228,780	239,098
Valuation allowance	(84,741)	(25,571)
Net deferred tax assets	144,039	213,527
Deferred tax liabilities:
Property, plant and equipment	114,024	146,971
Notes receivable	12,977	12,977
Goodwill and other intangible assets	20,285	38,955
Other		14,624
Deferred tax liabilities	147,286	$ 213,527
Net deferred tax liability	$ 3,247

Stock-Based And Long-Term Incentive Compensation (Schedule Of Deferred Compensation Balances) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Stock-Based And Long-Term Incentive Compensation [Abstract]
Deferred compensation assets	$ 15,499	$ 13,306
Deferred compensation liabilities, short-term	1,372	1,138
Deferred compensation liabilities, long-term	$ 23,466	$ 19,766

Reduction in Value of Assets

12 Months Ended

Dec. 31, 2019

Reduction In Value Of Assets [Abstract]

Reduction In Value Of Assets

(11) Reduction in Value of Assets

During 2019, 2018 and 2017, the Company recorded $17.2 million, $322.7 million and $10.4 million in expense related to reduction in value of assets, respectively. The components of the reductions in value of assets are as follows (in thousands):


	Years ended December 31,
		2019		2018	2017
Reduction in value of goodwill	$	-	$	251,826	$	-
Reduction in value of long-lived assets		17,185		70,887		10,390
Total reduction in value of assets	$	17,185	$	322,713	$	10,390

Reduction in Value of Long-Lived Assets

During 2019, the Company recorded $17.2 million in connection with the reduction in value of its long-lived assets. The reduction in value of assets was primarily related to reduction in value of certain intangibles in the Onshore Completion and Workover Services segment and long-lived assets in the Technical Solutions segment.

During 2018, the Company recorded $70.9 million in connection with the reduction in value of its long-lived assets. The reduction in value of assets was comprised of $41.4 million and $19.8 million related to property, plant and equipment and intangibles, respectively, in the well servicing rigs business in the Onshore Completion and Workover Services segment and $5.1 million related to property, plant and equipment and $1.9 million related to intangibles in the Production Services segment. The reduction in value of assets recorded during 2018 was primarily driven by the decline in demand for these services and the forecast did not indicate a timely recovery sufficient to support the carrying values of these assets. In addition, the Company recorded a $2.6 million reduction in carrying value of its former corporate facility and its related assets.

During 2017, the Company recorded $10.4 million in connection with the reduction in value of its long-lived assets. The reduction in value of assets was comprised of $8.1 million related to property, plant and equipment in the Technical Solutions segment and $2.3 million related to property, plant and equipment primarily in the Drilling Products and Services segment.

Reduction in Value of Goodwill

During 2018, the Company recorded a $251.8 million reduction in value of goodwill relating to its Onshore Completion and Workover Services and Production Services segments. The Company determined that the fair value of its goodwill for the Onshore Completion and Workover Services segment was less than its carrying value and fully wrote-off the related goodwill balances.

Debt (Narrative) (Details) - USD ($)	Feb. 21, 2020	Feb. 24, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Credit facility, borrowing base			$ 220,000,000.0
Letters of Credit Outstanding, Amount			102,500,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity			150,000,000.0	$ 100,000,000.0
Unsecured Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Senior Notes			$ 500,000,000
Stated interest rate on unsecured senior notes			7.75%
Principal amount			$ 500,000,000
Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes			$ 800,000,000.0
Stated interest rate on unsecured senior notes			7.125%
Unsecured Senior Notes Due 2021 [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Senior Notes		$ 182,100,000
New Notes [Member]
Debt Instrument [Line Items]
Stated interest rate on unsecured senior notes			7.125%
New Notes [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Principal amount	$ 617,900,000
Percentage of new principal as a percentage of original notes	77.24%

Property, Plant And Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant And Equipment [Abstract]

Summary Of Property, Plant And Equipment



	December 31,
	2019		2018
Machinery and equipment	$	2,425,526	$	3,229,793
Buildings, improvements and leasehold improvements		255,719		278,339
Automobiles, trucks, tractors and trailers		22,727		26,522
Furniture and fixtures		40,694		52,045
Construction-in-progress		16,661		38,119
Land		48,534		58,047
Oil and gas producing assets		69,204		66,605
Total		2,879,065		3,749,470
Accumulated depreciation and depletion		(2,214,116)		(2,640,344)
Property, plant and equipment, net	$	664,949	$	1,109,126

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

(1) Summary of Significant Accounting Policies

Basis of Presentation

Business

Recent Developments

Combination

On December 18, 2019, the Company entered into a definitive merger agreement (the Merger Agreement) to divest its U.S. service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations service lines (the Superior Energy U.S. Business) and combine them with Forbes Energy Services Ltd.’s (Forbes) complimentary service lines to create a new, publicly traded consolidation platform for U.S. completion, production and water solutions (the Combination).

Following the completion of the Combination, which is expected to close in the second quarter of 2020, the Company will remain a globally diversified oilfield services company built around the following key product and service lines: premium drill pipe, bottom hole assemblies, completion tools and products, hydraulic workover, snubbing and production services and well control services.

Under the terms of the Merger Agreement, the Superior Energy U.S. Business and Forbes will be merged into a newly formed company (Newco). At the closing of the Combination, the Company will receive 49.9% of Newco’s issued and outstanding voting Class A Stock (the Class A Stock) and 100% of the issued and outstanding non-voting Class B Stock of Newco (the Class B stock), which will collectively represent an approximate 65% economic interest in Newco. The Company’s and Forbes’ economic interests in Newco are subject to adjustment within certain parameters based on Forbes’ net debt position calculated at closing pursuant to the terms of the Merger Agreement. In addition, certain lenders under Forbes’ existing term loan (the Forbes Term Loan) will exchange their portion of the aggregate principal amount outstanding under the Forbes Term Loan for approximately $30.0 million in newly issued mandatory convertible preferred shares of Newco (the Preferred Shares), which will be entitled to cash dividends at a rate of 5% per annum, payable semi-annually, and, on the third anniversary of the closing of the Combination will be subject to mandatory conversion into shares of Newco’s Class A Stock. After giving effect to such conversion, the Company would own an approximate 52% economic interest and Forbes ’existing stockholders would own an approximate 48% economic interest in Newco.

The Combination has been unanimously approved by the Board of Directors of each of the Company and Forbes and the special committee of the Board of Directors of Forbes. Newco filed a proxy statement/prospectus on February 12, 2020, pursuant to which Forbes will solicit proxies of its stockholders to approve the Combination at a special meeting of Forbes’ stockholders. However, certain stockholders of Forbes who will collectively own a majority of Forbes’ common stock on the record date for the Forbes special meeting have committed to vote the shares they beneficially own in favor of the Combination and have the ability to approve the Combination without the vote of any other stockholder of Forbes.

Related Financing Transactions

As a condition of the Combination, SESI, L.L.C. (SESI), the Company’s wholly owned subsidiary, consummated an offer to exchange (the Exchange Offer) up to $635.0 million of SESI’s previously outstanding $800.0 million aggregate principal amount of 7.125% Senior Notes due 2021 (the Original Notes) for up to $635.0 million aggregate principal amount of SESI’s 7.125% Senior Notes due 2021 (the New Notes) and conducted a concurrent consent solicitation (the Consent Solicitation) to amend the liens covenant in the indenture governing the Original Notes (the Original Notes Indenture) to permit the issuance of the Superior Secured Notes described below (the Proposed Amendment) upon the terms and subject to the conditions set forth in SESI’s offering memorandum and consent

solicitation statement, dated as of January 6, 2020 (as amended by the press releases dated January 16, 2020, January 22, 2020, January 31, 2020, February 18, 2020, February 19, 2020, February 20, 2020 and February 24, 2020 issued by the Company and Supplement No. 1 to the Offering Memorandum and Consent Solicitation, dated as of January 31, 2020 (the Offering Memorandum)). A supplemental indenture by and among SESI, the guarantors party thereto and the Bank of New York Mellon Trust Company, N.A., as trustee, related to the Proposed Amendment was executed on February 14, 2020. The Original Notes outstanding after the Exchange Offer are governed by the Original Notes Indenture, as amended by the Proposed Amendment, provided that the Proposed Amendment will only become operative immediately prior to the consummation of the Combination.

The Exchange Offer expired at 5:00 p.m., New York City time, on February 21, 2020, and $617.9 million aggregate principal amount of outstanding Original Notes were validly tendered for exchange and not withdrawn, representing 77.24% of the aggregate principal amount of Original Notes outstanding upon commencement of the Exchange Offer. SESI accepted all validly tendered Original Notes and issued $617.9 million aggregate principal amount of New Notes pursuant to an indenture dated February 24, 2020 by and among SESI, the guarantors party thereto and UMB Bank, N.A., as trustee (the New Notes Indenture).

Substantially concurrently with the consummation of the Combination, eligible note holders will receive, in exchange for $617.9 million aggregate principal amount of New Notes, on a pro rata basis: (1) $243.3 million aggregate principal amount of 9.750% Senior Second Lien Secured Notes due 2025 to be issued by Newco (the Newco Secured Notes), (2) $243.3 million aggregate principal amount of 8.750% Senior Second Lien Secured Notes due 2026 to be issued by SESI (the Superior Secured Notes), (3) $131.3 million in cash and (4) $6.35 million in cash constituting the total consent payment (the Combination Exchange). The indentures governing the Newco Secured Notes and the Superior Secured Notes will each contain restrictive covenants customary for issuances of high-yield secured notes of this type. On February 20, 2020, the Company entered into an amendment to the Merger Agreement (the Amendment). The Amendment amends certain covenants, among other things, to account for the amended terms of the Exchange Offer.

Exit and Discontinuation of the Hydraulic Fracturing Service Line

On December 10, 2019, the Company’s indirect, wholly owned subsidiary, Pumpco Energy Services, Inc. (Pumpco), completed its existing hydraulic fracturing field operations and determined to discontinue, wind down and exit its hydraulic fracturing operations. The Company intends to maintain an adequate number of employees to efficiently wind down Pumpco’s business and dispose of its assets over time. The financial results of Pumpco’s operations have historically been included in the Company’s Onshore Completions and Workover Services segment. Pumpco’s business is reflected as discontinued operations for each of the years ended December 31, 2019, 2018 and 2017 and its assets are in the process of being divested. See note 12 to the Company’s consolidated financial statements for further discussion of discontinued operations. Discontinuing hydraulic fracturing aligns with the Company’s strategic objective to divest assets and service lines that do not compete for investment in the current market environment. Net proceeds from the divestiture of Pumpco’s assets will be used to reduce debt.

Reverse Stock Split

At a special meeting of stockholders held on December 18, 2019, the Company’s stockholders voted to approve a proposal authorizing the Board of Directors of the Company to effect a reverse stock split of the Company’s issued and outstanding common stock (the Reverse Stock Split) and to proportionately reduce the number of the Company’s authorized shares of common stock. Following the special meeting of stockholders, the Board of Directors of the Company approved a 1-for-10 Reverse Stock Split.

As a result of the Reverse Stock Split, each 10 pre-split shares of common stock outstanding immediately prior to the Reverse Stock Split automatically were converted to one issued and outstanding share of common stock without any action on the part of the stockholder. No fractional shares of common stock were issued as a result of the Reverse Stock Split. Instead, any stockholder who would have been entitled to a fractional share received a cash payment in lieu of such fractional shares. The total number of shares of common stock that the Company is authorized to issue has also been reduced by the same ratio.

Resumption of Trading on the NYSE

On September 26, 2019, the New York Stock Exchange (the NYSE) suspended trading of the Company’s common stock and commenced delisting proceedings due to the Company’s “abnormally low” stock price. Following the NYSE’s suspension of trading of our common stock, the Company appealed the NYSE staff’s determination. On September 27, 2019, the Company’s common stock commenced trading on the OTC Markets and, on October 4, 2019, the Company’s common stock also commenced trading on the OTCQX Best Market, operated by OTC Markets Group Inc. The NYSE formally withdrew the delisting determination, and, on December 26, 2019, the Company’s common stock resumed trading on the NYSE under the ticker symbol “SPN.”

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



	December 31,
	2019		2018
Finished goods	$	45,127	$	54,144
Raw materials		16,130		16,795
Work-in-process		9,360		5,544
Supplies and consumables		33,322		30,822
Total	$	103,939	$	107,305

Property, Plant and Equipment

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

Reduction in Value of Long-Lived Assets

Goodwill

The following table summarizes the Company’s goodwill (in thousands):



			Onshore
	Drilling		Completion
	Products		and Workover			Production
	and Services		Services			Services		Total

Balance, December 31, 2017	$	138,493	$	583,550		$	85,817	$	807,860
Foreign currency translation adjustment		(1,705)		-			(529)		(2,234)
Reduction in value of assets		-		(583,550)	⁽¹⁾		(85,288)		(668,838)
Balance, December 31, 2018		136,788		-			-		136,788
Foreign currency translation adjustment		907		-			-		907
Balance, December 31, 2019	$	137,695	$	-		$	-	$	137,695

(1)$417.0 million of reduction in value of assets was allocated to Pumpco and is reported in the loss from discontinued operations for the year ended December 31, 2018.

Notes Receivable

Restricted Cash

Restricted cash represents cash held in escrow to secure the future decommissioning obligations related to the oil and gas property.

Intangible and Other Long-Term Assets

Intangible assets consist of the following (in thousands):



		December 31,
		2019						2018
	Estimated	Gross		Accumulated		Net		Gross		Accumulated		Net
	Useful Lives	Amount		Amortization		Balance		Amount		Amortization		Balance
Customer relationships	17 years	$	19,902	$	(14,680)	$	5,222	$	133,374	$	(59,711)	$	73,663
Tradenames	10 years		8,907		(5,413)		3,494		20,717		(13,334)		7,383
Non-compete agreements	3 years		3,464		(3,106)		358		4,474		(3,313)		1,161
Total		$	32,273	$	(23,199)	$	9,074	$	158,565	$	(76,358)	$	82,207

Decommissioning Liabilities

The following table summarizes the activity for the Company’s decommissioning liabilities (in thousands):



	December 31,
	2019		2018
Balance at beginning of period	$	130,096	$	130,397
Accretion		6,332		4,906
Liabilities settled		(147)		(5,207)
Balance at end of period	$	136,281	$	130,096

Income Taxes

Earnings per Share

During 2019, 2018 and 2017, the Company incurred losses from continuing operations; as such, the impact of any incremental shares would be anti-dilutive.

Foreign Currency

Stock-Based Compensation

Self-Insurance Reserves

New Accounting Pronouncements

Recently Issued Accounting Standards

Subsequent Events

Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

(3) Leases

Adoption of ASU 2016-02, Leases

The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Therefore, prior period financial information has not been adjusted and continues to be reflected in accordance with the Company’s historical accounting policy. The standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months.

The standard provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients,” which, among other things, allows the Company to carry forward its historical lease classification.

The adoption of this standard resulted in the recording of operating lease assets and operating lease liabilities of approximately $100.0 million as of January 1, 2019, with no related impact on the Company’s condensed consolidated statement of equity or condensed consolidated statement of operations. Short-term leases have not been recorded on the balance sheet.

Accounting Policy for Leases

The Company determines if an arrangement is a lease at inception. All of the Company’s leases are operating leases and are included in ROU assets, accounts payable and operating lease liabilities in the condensed consolidated balance sheet.

ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the respective lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company’s lease terms may include options to extend or terminate the lease.

Overview

The Company’s operating leases are primarily for real estate, machinery and equipment, and vehicles. The terms and conditions for these leases vary by the type of underlying asset. Total operating lease expense was as follows (in thousands):



	Years Ended December 31,
	2019		2018
Long-term fixed lease expense	$	33,577	$	33,642
Long-term variable lease expense		406		749
Short-term lease expense		17,670		14,367
Total operating lease expense	$	51,653	$	48,758

Supplemental Balance Sheet Information

Operating leases were as follows (in thousands):



	December 31, 2019
Operating lease ROU assets	$	80,906

Accrued expenses	$	21,072
Operating lease liabilities		62,354
Total operating lease liabilities	$	83,426

Cash paid for operating leases	$	34,207
ROU assets obtained in exchange for lease obligations	$	20,200

Weighted average remaining lease term		9 years
Weighted average discount rate		6.75%

Maturities of operating lease liabilities at December 31, 2019 are as follows (in thousands):



2020	$ 29,796
2021	21,653
2022	13,328
2023	9,632
2024	7,311
Thereafter	44,381
Total lease payments	126,101
Less imputed interest	(42,675)
Total	$ 83,426

Property, Plant and Equipment (Summary Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 2,879,065	$ 3,749,470
Accumulated depreciation and depletion	(2,214,116)	(2,640,344)
Property, plant and equipment, net	664,949	1,109,126
Machinery And Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	2,425,526	3,229,793
Buildings, Improvements And Leasehold Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	255,719	278,339
Automobiles, trucks, tractors and trailers [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	22,727	26,522
Furniture And Fixtures [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	40,694	52,045
Construction in Progress [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	16,661	38,119
Land [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	48,534	58,047
Oil and Gas Producing Assets [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 69,204	$ 66,605

Supplemental Guarantor Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 272,624	$ 158,050
Accounts receivable, net	332,047	447,353
Income taxes receivable	740
Other current assets	166,761	167,502
Assets held for sale	216,197
Total current assets	988,369	772,905
Property, plant and equipment, net	664,949	1,109,126
Operating lease right-of-use assets	80,906
Goodwill	137,695	136,788	$ 807,860
Notes receivable	68,092	63,993
Restricted cash	2,764	5,698
Intangible and other long-term assets, net	50,455	127,452
Total assets	1,993,230	2,215,962	3,110,225
Current liabilities:
Accounts payable	92,966	139,325
Accrued expenses	182,934	219,180
Income taxes payable		734
Current portion of decommissioning liabilities	3,649	3,538
Liabilities held for sale	44,938
Total current liabilities	324,487	362,777
Long-term debt, net	1,286,629	1,282,921
Deferred income taxes	3,247
Decommissioning liabilities	132,632	126,558
Operating lease liabilities	62,354
Other long-term liabilities	134,308	152,967
Total stockholders' equity	49,573	290,739	$ 1,132,429	$ 1,303,920
Total liabilities and stockholders' equity	1,993,230	2,215,962
Eliminations [Member]
Current assets:
Intercompany accounts receivable		(90,674)
Total current assets		(90,674)
Long term intercompany accounts receivable	(6,765,302)	(4,417,627)
Intercompany notes receivable	(9,400)
Equity investments of consolidated subsidiaries	(1,301,934)	(1,808,232)
Total assets	(8,076,636)	(6,316,533)
Current liabilities:
Intercompany accounts payable		(90,674)
Total current liabilities		(90,674)
Long-term intercompany accounts payable	(6,765,302)	(4,417,627)
Intercompany notes payable	(9,400)
Total stockholders' equity	(1,301,934)	(1,808,232)
Total liabilities and stockholders' equity	(8,076,636)	(6,316,533)
Parent [Member]
Current assets:
Long term intercompany accounts receivable	2,260,980	2,243,431
Equity investments of consolidated subsidiaries	(2,207,117)	(1,952,647)
Total assets	53,863	290,784
Current liabilities:
Accrued expenses		45
Total current liabilities		45
Long-term intercompany accounts payable	4,290
Total stockholders' equity	49,573	290,739
Total liabilities and stockholders' equity	53,863	290,784
Issuer [Member]
Current assets:
Cash and cash equivalents	210,691	102,224
Accounts receivable, net	750	160
Income taxes receivable	(1,080)
Intercompany accounts receivable		12,279
Other current assets	9,594	12,805
Total current assets	219,955	127,468
Property, plant and equipment, net	11,129	10,129
Operating lease right-of-use assets	22,052
Long term intercompany accounts receivable	1,281,183
Equity investments of consolidated subsidiaries	3,498,602	3,754,887
Intangible and other long-term assets, net	19,466	19,255
Total assets	5,052,387	3,911,739
Current liabilities:
Accounts payable	10,701	8,807
Accrued expenses	76,249	102,845
Income taxes payable		1,237
Intercompany accounts payable		724
Total current liabilities	86,950	113,613
Long-term debt, net	1,286,629	1,282,921
Deferred income taxes	3,247
Operating lease liabilities	22,738
Long-term intercompany accounts payable	5,805,516	4,417,627
Intercompany notes payable	9,400
Other long-term liabilities	45,024	50,225
Total stockholders' equity	(2,207,117)	(1,952,647)
Total liabilities and stockholders' equity	5,052,387	3,911,739
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	612	707
Accounts receivable, net	245,941	367,497
Intercompany accounts receivable		74,906
Other current assets	106,857	111,560
Assets held for sale	216,197
Total current assets	569,607	554,670
Property, plant and equipment, net	497,395	920,978
Operating lease right-of-use assets	44,048
Goodwill	80,544	80,544
Notes receivable	68,092	63,993
Long term intercompany accounts receivable	3,020,808	1,991,912
Equity investments of consolidated subsidiaries	10,449	5,992
Restricted cash	2,719	5,653
Intangible and other long-term assets, net	24,313	100,847
Total assets	4,317,975	3,724,589
Current liabilities:
Accounts payable	49,159	109,903
Accrued expenses	80,696	86,926
Intercompany accounts payable		6,869
Liabilities held for sale	44,938
Total current liabilities	174,793	203,698
Decommissioning liabilities	132,632	126,558
Operating lease liabilities	29,206
Long-term intercompany accounts payable	832,407
Other long-term liabilities	75,976	76,543
Total stockholders' equity	3,072,961	3,317,790
Total liabilities and stockholders' equity	4,317,975	3,724,589
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	61,321	55,119
Accounts receivable, net	85,356	79,696
Income taxes receivable	1,820
Intercompany accounts receivable		3,489
Other current assets	50,310	43,137
Total current assets	198,807	181,441
Property, plant and equipment, net	156,425	178,019
Operating lease right-of-use assets	14,806
Goodwill	57,151	56,244
Long term intercompany accounts receivable	202,331	182,284
Intercompany notes receivable	9,400
Restricted cash	45	45
Intangible and other long-term assets, net	6,676	7,350
Total assets	645,641	605,383
Current liabilities:
Accounts payable	33,106	20,615
Accrued expenses	25,989	29,364
Income taxes payable		(503)
Intercompany accounts payable		83,081
Current portion of decommissioning liabilities	3,649	3,538
Total current liabilities	62,744	136,095
Operating lease liabilities	10,410
Long-term intercompany accounts payable	123,089
Other long-term liabilities	13,308	26,199
Total stockholders' equity	436,090	443,089
Total liabilities and stockholders' equity	$ 645,641	$ 605,383

Summary Of Significant Accounting Policies (Notes Receivable) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ 4.2	$ 3.9	$ 3.6

Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt [Abstract]

Summary Of Long-Term Debt



		December 31,
		2019		2018
	Stated Interest Rate (%)	Long-term
Senior unsecured notes due September 2024	7.750	$	500,000	$	500,000
Senior unsecured notes due December 2021	7.125		800,000		800,000
Total debt, gross			1,300,000		1,300,000
Unamortized debt issuance costs			(13,371)		(17,079)
Total debt, net		$	1,286,629	$	1,282,921

Schedule Of Maturities Of Long-Term Debt



2020	$	-
2021		800,000
2022		-
2023		-
2024		500,000
Thereafter		-
Total	$	1,300,000

- 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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Leases (Maturities Of Operating Lease Liabilities) (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Leases [Abstract]
2020	$ 29,796
2021	21,653
2022	13,328
2023	9,632
2024	7,311
Thereafter	44,381
Total lease payments	126,101
Less imputed interest	(42,675)
Total	$ 83,426

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Operating Lease Expense



	Years Ended December 31,
	2019		2018
Long-term fixed lease expense	$	33,577	$	33,642
Long-term variable lease expense		406		749
Short-term lease expense		17,670		14,367
Total operating lease expense	$	51,653	$	48,758

Supplemental Balance Sheet Information



	December 31, 2019
Operating lease ROU assets	$	80,906

Accrued expenses	$	21,072
Operating lease liabilities		62,354
Total operating lease liabilities	$	83,426

Cash paid for operating leases	$	34,207
ROU assets obtained in exchange for lease obligations	$	20,200

Weighted average remaining lease term		9 years
Weighted average discount rate		6.75%

Maturities Of Operating Lease Liabilities



2020	$ 29,796
2021	21,653
2022	13,328
2023	9,632
2024	7,311
Thereafter	44,381
Total lease payments	126,101
Less imputed interest	(42,675)
Total	$ 83,426

Interim Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]
Revenues	$ 336,072	$ 356,585	$ 367,438	$ 365,274	$ 389,447	$ 378,400	$ 356,901	$ 354,109	$ 1,425,369	$ 1,478,857	$ 1,305,529
Cost or revenues (exclusive of depreciation, depletion, amortization and accretion)	223,570	231,927	229,532	240,053	248,394	245,832	235,679	240,583	925,082	970,488	889,809
Depreciation, depletion, amortization and accretion	43,741	45,104	51,271	56,343	65,478	69,338	67,862	75,761	196,459	278,439	326,856
Gross Profit	68,761	79,554	86,635	68,878	75,575	63,230	53,360	37,765
Reduction in value of assets		9,628	7,557		322,713				17,185	322,713	10,390
Income (loss) from continuing operations	(6,162)	(20,506)	(18,441)	(32,644)	(317,014)	(23,436)	(33,817)	(53,136)	(77,753)	(427,403)	(180,315)
Loss from discontinued operations, net of income tax	(92,362)	(17,936)	(52,609)	(15,061)	(433,171)	1,620	7,427	(6,588)	(177,968)	(430,712)	(25,606)
Net loss	$ (98,524)	$ (38,442)	$ (71,050)	$ (47,705)	$ (750,185)	$ (21,816)	$ (26,390)	$ (59,724)	$ (255,721)	$ (858,115)	$ (205,921)
Loss from continuing operations, basic and diluted	$ (0.42)	$ (1.31)	$ (1.18)	$ (2.10)	$ (20.51)	$ (1.52)	$ (2.19)	$ (3.45)	$ (5.05)	$ (27.69)	$ (11.79)
Income (loss) from discontinued operations, basic and diluted	$ (6.26)	$ (1.15)	$ (3.37)	$ (0.97)	$ (28.03)	$ 0.10	$ 0.48	$ (0.43)	$ (11.56)	$ (27.90)	$ (1.68)

Consolidated Statements Of Changes In Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss, Net [Member]	Retained Deficit [Member]	Total
Beginning balance, value at Dec. 31, 2016	$ 152	$ 2,691,553		$ (80,248)	$ (1,307,537)	$ 1,303,920
Beginning balance, shares at Dec. 31, 2016	151,861,661
Net loss					(205,921)	(205,921)
Foreign currency translation adjustment				12,821		12,821
Stock-based compensation expense, net of forfeitures		26,221				26,221
Exercise of stock options, value		99				99
Exercise of stock options, shares	5,998
Transactions under stock plans	$ 1	(8,327)				(8,326)
Transactions under stock plans, shares	1,034,973
Shares issued under Employee Stock Purchase Plan, value		3,615				$ 3,615
Shares issued under Employee Stock Purchase Plan	360,465					360,465
Ending balance, value at Dec. 31, 2017	$ 153	2,713,161		(67,427)	(1,513,458)	$ 1,132,429
Ending balance, shares at Dec. 31, 2017	153,263,097
Net loss					(858,115)	(858,115)
Foreign currency translation adjustment				(5,750)		(5,750)
Forfeited dividends					209	209
Stock-based compensation expense, net of forfeitures		24,076				24,076
Transactions under stock plans	$ 2	(5,200)				(5,198)
Transactions under stock plans, shares	1,071,371
Shares issued under Employee Stock Purchase Plan, value		3,088				$ 3,088
Shares issued under Employee Stock Purchase Plan	550,950					550,950
Ending balance, value at Dec. 31, 2018	$ 155	2,735,125		(73,177)	(2,371,364)	$ 290,739
Ending balance, shares at Dec. 31, 2018	154,885,418
Net loss					(255,721)	(255,721)
Foreign currency translation adjustment				1,250		1,250
Purchases of treasury stock			$ (4,290)			(4,290)
Stock-based compensation expense, net of forfeitures		18,459				18,459
Transactions under stock plans	$ 2	(1,677)				(1,675)
Transactions under stock plans, shares	1,187,961
Shares issued under Employee Stock Purchase Plan, value		811				$ 811
Shares issued under Employee Stock Purchase Plan	532,292					532,292
1-for-10 Reverse Stock Split	$ (141)	141
1-for-10 Reverse Stock Split, shares	(140,916,208)
Ending balance, value at Dec. 31, 2019	$ 16	$ 2,752,859	$ (4,290)	$ (71,927)	$ (2,627,085)	$ 49,573
Ending balance, shares at Dec. 31, 2019	15,689,463

Summary Of Significant Accounting Policies (Cash Equivalents) (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019
Summary Of Significant Accounting Policies [Abstract]
Maximum maturity of short-term investments purchased to be cash equivalents	90 days

Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Information [Abstract]

Schedule Of Segment Reporting Information



2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	411,573	$	341,297	$	405,830	$	266,669	$	-	$	1,425,369
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		154,503		274,162		328,527		167,890		-		925,082
Depreciation, depletion, amortization
and accretion		83,999		33,699		51,370		22,665		4,726		196,459
General and administrative expenses		60,094		25,621		29,622		59,587		93,302		268,226
Reduction in value of assets		-		8,122		2,055		7,008		-		17,185
Income (loss) from operations		112,977		(307)		(5,744)		9,519		(98,028)		18,417
Interest income (expense), net		-		-		-		4,172		(102,484)		(98,312)
Other income		-		-		-		-		(2,484)		(2,484)
Income (loss) from continuing operations
before income taxes	$	112,977	$	(307)	$	(5,744)	$	13,691	$	(202,996)	$	(82,379)



2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	383,719	$	406,248	$	418,525	$	270,365	$	-	$	1,478,857
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		148,019		315,291		342,420		164,758		-		970,488
Depreciation, depletion, amortization
and accretion		112,111		68,183		66,993		25,653		5,499		278,439
General and administrative expenses		53,688		24,386		41,499		57,600		99,295		276,468
Reduction in value of assets		-		227,801		92,252				2,660		322,713
Income (loss) from operations		69,901		(229,413)		(124,639)		22,354		(107,454)		(369,251)
Interest income (expense), net		-		-		-		3,915		(103,392)		(99,477)
Other expense		-		-		-		-		(1,678)		(1,678)
Income (loss) from continuing operations
before income taxes	$	69,901	$	(229,413)	$	(124,639)	$	26,269	$	(212,524)	$	(470,406)



2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	293,690	$	366,636	$	372,781	$	272,422	$	-	$	1,305,529
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		128,381		282,695		303,256		175,477		-		889,809
Depreciation, depletion, amortization
and accretion		131,394		81,238		78,999		29,506		5,719		326,856
General and administrative expenses		51,265		34,856		48,655		51,679		99,142		285,597
Reduction in value of assets		1,356		919		-		8,115		-		10,390
Income (loss) from operations		(18,706)		(33,072)		(58,129)		7,645		(104,861)		(207,123)
Interest income (expense), net		-		-		-		3,567		(105,022)		(101,455)
Other expense		-		-		-		-		(3,299)		(3,299)
Income (loss) from continuing operations
before income taxes	$	(18,706)	$	(33,072)	$	(58,129)	$	11,212	$	(213,182)	$	(311,877)

Schedule Of Identifiable Assets



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
December 31, 2019	$	659,621	$	467,697	$	421,848	$	377,627	$	66,437	$	1,993,230
December 31, 2018	$	587,264	$	808,037	$	434,430	$	340,161	$	46,070	$	2,215,962
December 31, 2017	$	662,968	$	1,501,214	$	512,256	$	377,549	$	56,238	$	3,110,225

Schedule Of Capital Expenditures, By Segment



Capital Expenditures
			Onshore
	Drilling		Completion
	Products and		and Workover			Production		Technical		Corporate and		Consolidated
	Services		Services		(1)	Services		Solutions		Other		Total
December 31, 2019	$	63,252	$	5,830		$	17,009	$	11,377	$	6,254	$	103,722
December 31, 2018	$	46,649	$	39,699		$	8,651	$	16,221	$	2,056	$	113,276
December 31, 2017	$	27,219	$	15,871		$	7,860	$	13,296	$	1,143	$	65,389

(1)Excludes capital expenditures related to Pumpco of $36.7 million, $108.1 million and $99.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Schedule Of Revenues By Geographic Segment



Revenues
	Years Ended December 31,
	2019		2018		2017
United States	$	1,038,870	$	1,137,070	$	997,713
Other countries		386,499		341,787		307,816
Total	$	1,425,369	$	1,478,857	$	1,305,529

Long-Lived Assets

	December 31,
	2019		2018
United States	$	489,189	$	903,520
Other countries		175,760		205,606
Total	$	664,949	$	1,109,126

Reduction in Value of Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Asset Impairment Charges [Line Items]
Reduction in value of long-lived assets				$ 17,185	$ 70,887	$ 10,390
Reduction in value of assets	$ 9,628	$ 7,557	$ 322,713	17,185	322,713	10,390
Reduction in value of goodwill				668,900	251,826
Reduction in value of assets related to sale of a business					2,600
Drilling Products And Services [Member]
Asset Impairment Charges [Line Items]
Reduction in value of assets						1,356
Technical Solutions [Member]
Asset Impairment Charges [Line Items]
Reduction in value of long-lived assets						8,100
Reduction in value of assets				7,008		8,115
Production Services [Member]
Asset Impairment Charges [Line Items]
Reduction in value of assets				2,055	92,252
Reduction in value of goodwill					85,300
Impairment of Intangible Assets (Excluding Goodwill)					1,900
Impairment of Property, Plant and Equipment					5,100
Onshore Completion And Workover Services [Member]
Asset Impairment Charges [Line Items]
Reduction in value of long-lived assets						2,300
Reduction in value of assets				$ 8,122	227,801	$ 919
Reduction in value of goodwill					583,600
Impairment of Intangible Assets (Excluding Goodwill)					19,800
Impairment of Property, Plant and Equipment					$ 41,400

Summary Of Significant Accounting Policies (Estimated Useful Lives Of The Related Assets) (Details)	12 Months Ended
	Dec. 31, 2019
Buildings And Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	5 years
Buildings And Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, useful life	40 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

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 1,993,230	$ 2,215,962	$ 3,110,225
Drilling Products And Services [Member]
Segment Reporting Information [Line Items]
Assets	659,621	587,264	662,968
Onshore Completion And Workover Services [Member]
Segment Reporting Information [Line Items]
Assets	467,697	808,037	1,501,214
Production Services [Member]
Segment Reporting Information [Line Items]
Assets	421,848	434,430	512,256
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Assets	377,627	340,161	377,549
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Assets	$ 66,437	$ 46,070	$ 56,238

Supplemental Guarantor Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 146,428	$ 165,057	$ 96,426
Cash flows from investing activities:
Payments for capital expenditures	(140,465)	(221,370)	(164,933)
Proceeds from sales of assets	110,008	33,299	28,269
Net cash used in investing activities	(30,457)	(188,071)	(136,664)
Cash flows from financing activities:
Purchases of treasury stock	(4,290)
Proceeds from long-term debt			500,000
Principal payments on long-term debt			(500,000)
Payment of debt issuance costs			(11,967)
Other	(1,002)	(2,586)	(5,058)
Net cash provided by (used in) financing activities	(5,292)	(2,586)	(17,025)
Effect of exchange rate changes on cash	961	(3,135)	3,654
Net increase (decrease) in cash and cash equivalents	111,640	(28,735)	(53,609)
Cash, cash equivalents, and restricted cash at beginning of period	163,748	192,483	246,092
Cash, cash equivalents, and restricted cash at end of period	275,388	163,748	192,483
Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities		(3,283)
Cash flows from financing activities:
Dividends paid		3,283
Net cash provided by (used in) financing activities		3,283
Parent [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	18,408	23,866	26,221
Cash flows from financing activities:
Purchases of treasury stock	(4,290)
Changes in notes with affiliated companies, net	(13,259)	(21,734)	(21,163)
Other	(859)	(2,132)	(5,058)
Net cash provided by (used in) financing activities	(18,408)	(23,866)	(26,221)
Issuer [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(12,879)	(2,013)	3,369
Cash flows from investing activities:
Payments for capital expenditures	(6,173)	(2,055)	(1,041)
Net cash used in investing activities	(6,173)	(2,055)	(1,041)
Cash flows from financing activities:
Proceeds from long-term debt			500,000
Principal payments on long-term debt			(500,000)
Payment of debt issuance costs			(11,967)
Changes in notes with affiliated companies, net	127,661	(19,787)	8,727
Other	(143)	(454)
Net cash provided by (used in) financing activities	127,518	(20,241)	(3,240)
Net increase (decrease) in cash and cash equivalents	108,466	(24,309)	(912)
Cash, cash equivalents, and restricted cash at beginning of period	102,224	126,533	127,445
Cash, cash equivalents, and restricted cash at end of period	210,690	102,224	126,533
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	128,409	150,510	89,739
Cash flows from investing activities:
Payments for capital expenditures	(112,994)	(207,640)	(148,738)
Proceeds from sales of assets	110,008	20,003	23,485
Net cash used in investing activities	(2,986)	(187,637)	(125,253)
Cash flows from financing activities:
Changes in notes with affiliated companies, net	(128,452)	22,564	4,648
Net cash provided by (used in) financing activities	(128,452)	22,564	4,648
Net increase (decrease) in cash and cash equivalents	(3,029)	(14,563)	(30,866)
Cash, cash equivalents, and restricted cash at beginning of period	6,360	20,923	51,789
Cash, cash equivalents, and restricted cash at end of period	3,331	6,360	20,923
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	12,490	(4,023)	(22,903)
Cash flows from investing activities:
Payments for capital expenditures	(21,298)	(11,675)	(15,154)
Proceeds from sales of assets		13,296	4,784
Net cash used in investing activities	(21,298)	1,621	(10,370)
Cash flows from financing activities:
Changes in notes with affiliated companies, net	14,050	18,957	7,788
Dividends paid		(3,283)
Net cash provided by (used in) financing activities	14,050	15,674	7,788
Effect of exchange rate changes on cash	961	(3,135)	3,654
Net increase (decrease) in cash and cash equivalents	6,203	10,137	(21,831)
Cash, cash equivalents, and restricted cash at beginning of period	55,164	45,027	66,858
Cash, cash equivalents, and restricted cash at end of period	$ 61,367	$ 55,164	$ 45,027

Stock-Based And Long-Term Incentive Compensation (Summary Of Compensation Expense and Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	$ 19,692	$ 30,987	$ 35,928
Related income taxes	4,569	7,189	8,335
Total compensation expense, net of income taxes	15,123	23,798	27,593
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	2,743	4,247	4,289
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	15,716	19,828	21,899
Cash Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	298
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Compensation expense	$ 935	$ 6,912	$ 9,740

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 12,080	$ 29,037	$ 29,740
Valuation Allowances and Reserves, Charged to Costs and Expenses	3,006	3,569	4,254
Valuation Allowances and Reserves, Deductions	2,930	20,526	4,957
Valuation Allowances and Reserves, Balance, Ending Balance	$ 12,156	$ 12,080	$ 29,037

Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Guarantor Information [Abstract]

Condensed Consolidating Balance Sheets



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	210,691	$	612	$	61,321	$	-	$	272,624
Accounts receivable, net		-		750		245,941		85,356		-		332,047
Income taxes receivable		-		(1,080)		-		1,820		-		740
Other current assets		-		9,594		106,857		50,310		-		166,761
Assets held for sale		-		-		216,197		-		-		216,197
Total current assets		-		219,955		569,607		198,807		-		988,369

Property, plant and equipment, net		-		11,129		497,395		156,425		-		664,949
Operating lease right-of-use assets		-		22,052		44,048		14,806		-		80,906
Goodwill		-		-		80,544		57,151		-		137,695
Notes receivable		-		-		68,092		-		-		68,092
Long-term intercompany accounts receivable		2,260,980		1,281,183		3,020,808		202,331		(6,765,302)		-
Intercompany notes receivable		-		-		-		9,400		(9,400)		-
Equity investments of consolidated subsidiaries		(2,207,117)		3,498,602		10,449		-		(1,301,934)		-
Restricted cash		-		-		2,719		45		-		2,764
Intangible and other long-term assets, net		-		19,466		24,313		6,676		-		50,455
Total assets	$	53,863	$	5,052,387	$	4,317,975	$	645,641	$	(8,076,636)	$	1,993,230

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	10,701	$	49,159	$	33,106	$	-	$	92,966
Accrued expenses		-		76,249		80,696		25,989		-		182,934
Income taxes payable		-		-		-		-		-		-
Current portion of decommissioning liabilities		-		-		-		3,649		-		3,649
Liabilities held for sale		-		-		44,938		-		-		44,938
Total current liabilities		-		86,950		174,793		62,744		-		324,487

Long-term debt, net		-		1,286,629		-		-		-		1,286,629
Deferred income taxes		-		3,247		-		-		-		3,247
Decommissioning liabilities		-		-		132,632		-		-		132,632
Operating lease liabilities		-		22,738		29,206		10,410		-		62,354
Long-term intercompany accounts payable		4,290		5,805,516		832,407		123,089		(6,765,302)		-
Intercompany notes payable		-		9,400		-		-		(9,400)		-
Other long-term liabilities		-		45,024		75,976		13,308		-		134,308
Total stockholders' equity (deficit)		49,573		(2,207,117)		3,072,961		436,090		(1,301,934)		49,573
Total liabilities and stockholders' equity	$	53,863	$	5,052,387	$	4,317,975	$	645,641	$	(8,076,636)	$	1,993,230



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	102,224	$	707	$	55,119	$	-	$	158,050
Accounts receivable, net		-		160		367,497		79,696		-		447,353
Intercompany accounts receivable		-		12,279		74,906		3,489		(90,674)		-
Other current assets		-		12,805		111,560		43,137		-		167,502
Total current assets		-		127,468		554,670		181,441		(90,674)		772,905

Property, plant and equipment, net		-		10,129		920,978		178,019		-		1,109,126
Goodwill		-		-		80,544		56,244		-		136,788
Notes receivable		-		-		63,993		-		-		63,993
Long-term intercompany accounts receivable		2,243,431		-		1,991,912		182,284		(4,417,627)		-
Equity investments of consolidated subsidiaries		(1,952,647)		3,754,887		5,992		-		(1,808,232)		-
Restricted cash		-		-		5,653		45		-		5,698
Intangible and other long-term assets, net		-		19,255		100,847		7,350		-		127,452
Total assets	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,807	$	109,903	$	20,615	$	-	$	139,325
Accrued expenses		45		102,845		86,926		29,364		-		219,180
Income taxes payable		-		1,237		-		(503)		-		734
Intercompany accounts payable		-		724		6,869		83,081		(90,674)		-
Current portion of decommissioning liabilities		-		-		-		3,538		-		3,538
Total current liabilities		45		113,613		203,698		136,095		(90,674)		362,777

Long-term debt, net		-		1,282,921		-		-		-		1,282,921
Decommissioning liabilities		-		-		126,558		-		-		126,558
Long-term intercompany accounts payable		-		4,417,627		-		-		(4,417,627)		-
Other long-term liabilities		-		50,225		76,543		26,199		-		152,967
Total stockholders' equity (deficit)		290,739		(1,952,647)		3,317,790		443,089		(1,808,232)		290,739
Total liabilities and stockholders' equity	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Condensed Consolidating Statements of Operations And Comprehensive Income



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,126,456		324,200		(25,287)	$	1,425,369
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(7,023)		730,473		226,919		(25,287)		925,082
Depreciation, depletion, amortization and
accretion		-		3,682		154,424		38,353		-		196,459
General and administrative expenses		-		87,727		134,123		46,376		-		268,226
Reduction in value of assets		-		-		14,900		2,285		-		17,185
Income (loss) from operations		-		(84,386)		92,536		10,267		-		18,417

Other income (expense):
Interest income (expense), net		-		(103,397)		5,115		(30)		-		(98,312)
Intercompany interest income (expense)		-		(107)		-		107		-		-
Other income (expense)		-		(1,732)		(759)		7		-		(2,484)
Equity in losses of consolidated subsidiaries		(255,721)		(107,768)		3,333		-		360,156		-
Income (loss) from operations before income taxes		(255,721)		(297,390)		100,225		10,351		360,156		(82,379)
Income taxes		-		(41,669)		47,771		(10,728)		-		(4,626)
Net loss from continuing operations		(255,721)		(255,721)		52,454		21,079		360,156		(77,753)
Loss from discontinued operations, net of tax		-		-		(177,968)		-		-		(177,968)
Net income (loss)	$	(255,721)	$	(255,721)	$	(125,514)	$	21,079	$	360,156	$	(255,721)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(255,721)	$	(255,721)	$	(125,514)	$	21,079	$	360,156	$	(255,721)
Change in cumulative translation adjustment, net of tax		1,250		1,250		-		1,250		(2,500)		1,250
Comprehensive loss	$	(254,471)	$	(254,471)	$	(125,514)	$	22,329	$	357,656	$	(254,471)

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,238,343	$	271,769	$	(31,255)	$	1,478,857
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(13,265)		823,908		191,100		(31,255)		970,488
Depreciation, depletion, amortization and
accretion		-		3,945		229,565		44,929		-		278,439
General and administrative expenses		-		95,725		129,667		51,076		-		276,468
Reduction in value of assets		-		-		230,429		92,284		-		322,713
Loss from operations		-		(86,405)		(175,226)		(107,620)		-		(369,251)

Other income (expense):
Interest expense, net		-		(103,594)		3,950		167		-		(99,477)
Other income (expense)		-		71		1,014		(2,763)		-		(1,678)
Equity in losses of consolidated subsidiaries		(858,115)		(707,348)		(597)		-		1,566,060		-
Loss from continuing operations before income taxes		(858,115)		(897,276)		(170,859)		(110,216)		1,566,060		(470,406)
Income taxes		-		(39,161)		(4,124)		282		-		(43,003)
Net loss from continuing operations		(858,115)		(858,115)		(166,735)		(110,498)		1,566,060		(427,403)
Loss from discontinued operations, net of income taxes		-		-		(429,983)		(729)		-		(430,712)
Net loss	$	(858,115)	$	(858,115)	$	(596,718)	$	(111,227)	$	1,566,060	$	(858,115)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(858,115)	$	(858,115)	$	(596,718)	$	(111,227)	$	1,566,060	$	(858,115)
Change in cumulative translation adjustment, net of tax		(5,750)		(5,750)		-		(5,750)		11,500		(5,750)
Comprehensive income (loss)	$	(863,865)	$	(863,865)	$	(596,718)	$	(116,977)	$	1,577,560	$	(863,865)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Year Ended December 31, 2017
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,086,567	$	234,663	$	(15,701)	$	1,305,529
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		-		(4,123)		733,600		176,033		(15,701)		889,809
Depreciation, depletion, amortization and
accretion		-		4,149		271,853		50,854		-		326,856
General and administrative expenses		-		86,840		142,166		56,591		-		285,597
Reduction in value of assets		-		-		2,273		8,117		-		10,390
Income (loss) from operations		-		(86,866)		(63,325)		(56,932)		-		(207,123)

Other income (expense):
Interest income (expense), net		-		(105,585)		4,451		(321)		-		(101,455)
Other income (expense)		-		(1,350)		202		(2,151)		-		(3,299)
Equity in earnings (losses) of consolidated subsidiaries		(205,921)		(76,394)		(964)		-		283,279		-
Income (loss) from continuing operations before income taxes		(205,921)		(270,195)		(59,636)		(59,404)		283,279		(311,877)
Income taxes		-		(64,274)		(59,169)		(8,119)		-		(131,562)
Net loss from continuing operations		(205,921)		(205,921)		(467)		(51,285)		283,279		(180,315)
Loss from discontinued operations, net of income tax		-		-		(6,696)		(18,910)		-		(25,606)
Net income (loss)	$	(205,921)	$	(205,921)	$	(7,163)	$	(70,195)	$	283,279	$	(205,921)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Year Ended December 31, 2017
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(205,921)	$	(205,921)	$	(7,163)	$	(70,195)	$	283,279	$	(205,921)
Change in cumulative translation adjustment, net of tax		12,821		12,821		-		12,821		(25,642)		12,821
Comprehensive income (loss)	$	(193,100)	$	(193,100)	$	(7,163)	$	(57,374)	$	257,637	$	(193,100)

Condensed Consolidating Statements Of Cash Flows



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2019
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	18,408	$	(12,879)	$	128,409	$	12,490	$	146,428

Cash flows from investing activities:
Payments for capital expenditures		-		(6,173)		(112,994)		(21,298)		(140,465)
Proceeds from sales of assets		-		-		110,008		-		110,008
Net cash provided by (used in) investing activities		-		(6,173)		(2,986)		(21,298)		(30,457)

Cash flows from financing activities:
Purchases of treasury stock		(4,290)		-		-		-		(4,290)
Changes in notes with affiliated companies, net		(13,259)		127,661		(128,452)		14,050		-
Other		(859)		(143)		-		-		(1,002)
Net cash provided by (used in) financing activities		(18,408)		127,518		(128,452)		14,050		(5,292)
Effect of exchange rate changes on cash		-		-		-		961		961
Net change in cash, cash equivalents, and restricted cash		-		108,466		(3,029)		6,203		111,640

Cash, cash equivalents, and restricted cash at beginning of period		-		102,224		6,360		55,164		163,748
Cash, cash equivalents, and restricted cash at end of period	$	-	$	210,690	$	3,331	$	61,367	$	275,388

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2018
(in thousands)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	23,866	$	(2,013)	$	150,510	$	(4,023)	$	(3,283)	$	165,057

Cash flows from investing activities:
Payments for capital expenditures		-		(2,055)		(207,640)		(11,675)		-		(221,370)
Proceeds from sales of assets		-		-		20,003		13,296		-		33,299
Net cash provided by (used in) investing activities		-		(2,055)		(187,637)		1,621		-		(188,071)

Cash flows from financing activities:
Intercompany dividends		-		-		-		(3,283)		3,283		-
Changes in notes with affiliated companies, net		(21,734)		(19,787)		22,564		18,957		-		-
Other		(2,132)		(454)		-		-		-		(2,586)
Net cash provided by (used in) financing activities		(23,866)		(20,241)		22,564		15,674		3,283		(2,586)
Effect of exchange rate changes on cash		-		-		-		(3,135)		-		(3,135)
Net change in cash, cash equivalents, and restricted cash		-		(24,309)		(14,563)		10,137		-		(28,735)

Cash, cash equivalents, and restricted cash at beginning of period		-		126,533		20,923		45,027		-		192,483
Cash, cash equivalents, and restricted cash at end of period	$	-	$	102,224	$	6,360	$	55,164	$	-	$	163,748

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2017
(in thousands)

	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	26,221	$	3,369	$	89,739	$	(22,903)	$	96,426

Cash flows from investing activities:
Payments for capital expenditures		-		(1,041)		(148,738)		(15,154)		(164,933)
Other		-		-		23,485		4,784		28,269
Net cash used in investing activities		-		(1,041)		(125,253)		(10,370)		(136,664)

Cash flows from financing activities:
Proceeds from issuance of long-term debt		-		500,000		-		-		500,000
Principal payments on long-term debt		-		(500,000)		-		-		(500,000)
Payment of debt issuance costs		-		(11,967)		-		-		(11,967)
Changes in notes with affiliated companies, net		(21,163)		8,727		4,648		7,788		-
Other		(5,058)		-		-		-		(5,058)
Net cash provided by (used in) financing activities		(26,221)		(3,240)		4,648		7,788		(17,025)
Effect of exchange rate changes on cash		-		-		-		3,654		3,654
Net decrease in cash, cash equivalents, and restricted cash		-		(912)		(30,866)		(21,831)		(53,609)

Cash, cash equivalents, and restricted cash at beginning of period		-		127,445		51,789		66,858		246,092
Cash, cash equivalents, and restricted cash at end of period	$	-	$	126,533	$	20,923	$	45,027	$	192,483

Revenue (Narrative) (Details)	12 Months Ended
Revenue (Narrative) (Details)	Dec. 31, 2019
Payment term of obligation	30 days
Maximum [Member]
Performance obligation satisfaction period	30 days

Debt (Summary Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,300,000	$ 1,300,000
Unamortized debt issuance costs	(13,371)	(17,079)
Total debt, net	1,286,629	1,282,921
Senior Unsecured Notes Due September 2024 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000	500,000
Stated interest rate	7.75%
Senior Unsecured Notes Due December 2021 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 800,000	$ 800,000
Stated interest rate	7.125%

Revenue

12 Months Ended

Dec. 31, 2019

Revenue [Abstract]

Revenue

(2) Revenue

Revenue Recognition

Revenues are recognized when performance obligations are satisfied in accordance with contractual terms, in an amount that reflects the consideration the Company expects to be entitled to in exchange for services rendered, rentals provided and products sold. Taxes collected from customers and remitted to governmental authorities and revenues are reported on a net basis in the Company’s financial statements.

Performance Obligations

A performance obligation arises under contracts with customers and is the unit of account under Topic 606. The Company accounts for services rendered and rentals provided separately if they are distinct and the service or rental is separately identifiable from other items provided to a customer and if a customer can benefit from the services rendered or rentals provided on its own or with other resources that are readily available to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. A contract’s standalone selling prices are determined based on the prices that the Company charges for its services rendered, rentals provided and products sold. The majority of the Company’s performance obligations are satisfied over time, which is generally represented by a period of 30 days or less. The Company’s payment terms vary by the type of products or services offered. The term between invoicing and when the payment is due is typically 30 days.

Services revenue: primarily represents amounts charged to customers for the completion of services rendered, including labor, products and supplies necessary to perform the service. Rates for these services vary depending on the type of services provided and can be based on a per job, per hour or per day basis.

Rentals revenue: primarily priced on a per day, per man hour or similar basis and consists of fees charged to customers for use of the Company’s rental equipment over the term of the rental period, which is generally less than twelve months.

Product sales: products are generally sold based upon purchase orders or contracts within the Company’s customers that include fixed or determinable prices but do not include right of return provisions or other significant post-delivery obligations. The Company recognizes revenue from product sales when title passes to the customer, the customer assumes risks and rewards of ownership, collectability is reasonably assured and delivery occurs as directed by the customer.

The Company expenses sales commissions when incurred because the amortization period would have been one year or less.

Disaggregation of revenue

The following table presents the Company’s revenues by segment disaggregated by geography (in thousands):



	Years Ended December 31,
		2019		2018		2017
U.S. land
Drilling Products and Services	$	178,345	$	176,448	$	117,856
Onshore Completion and Workover Services		341,297		406,248		366,636
Production Services		138,300		195,363		151,632
Technical Solutions		40,363		31,137		34,283
Total U.S. land	$	698,305	$	809,196	$	670,407

U.S. offshore
Drilling Products and Services	$	125,104	$	100,855	$	91,507
Onshore Completion and Workover Services		-		-		-
Production Services		73,610		66,512		74,033
Technical Solutions		141,851		160,507		161,766
Total U.S. offshore	$	340,565	$	327,874	$	327,306

International
Drilling Products and Services	$	108,124	$	106,416	$	84,327
Onshore Completion and Workover Services		-		-		-
Production Services		193,920		156,650		147,116
Technical Solutions		84,455		78,721		76,373
Total International	$	386,499	$	341,787	$	307,816
Total Revenues	$	1,425,369	$	1,478,857	$	1,305,529

The following table presents the Company’s revenues by segment disaggregated by type (in thousands):



	Years Ended December 31,
		2019		2018
Services
Drilling Products and Services	$	69,958	$	54,997
Onshore Completion and Workover Services		303,542		364,500
Production Services		348,168		352,590
Technical Solutions		163,584		160,942
Total services	$	885,252	$	933,029

Rentals
Drilling Products and Services	$	291,975	$	281,750
Onshore Completion and Workover Services		37,755		41,748
Production Services		32,402		36,568
Technical Solutions		14,115		20,230
Total rentals	$	376,247	$	380,296

Product Sales
Drilling Products and Services	$	49,640	$	46,972
Onshore Completion and Workover Services		-		-
Production Services		25,260		29,367
Technical Solutions		88,970		89,193
Total product sales	$	163,870	$	165,532
Total Revenues	$	1,425,369	$	1,478,857

Interim Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Interim Financial Information [Abstract]

Schedule Of Interim Financial Information


	2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	365,274	$	367,438	$	356,585	$	336,072
Less:
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		240,053		229,532		231,927		223,570
Depreciation, depletion, amortization and accretion		56,343		51,271		45,104		43,741
Gross profit		68,878		86,635		79,554		68,761
Reduction in value of assets		-		7,557		9,628		-
Loss from continuing operations		(32,644)		(18,441)		(20,506)		(6,162)
Loss from discontinued operations, net of tax		(15,061)		(52,609)		(17,936)		(92,362)
Net loss	$	(47,705)	$	(71,050)	$	(38,442)	$	(98,524)

Loss per share from continuing operations:
Basic and diluted	$	(2.10)	$	(1.18)	$	(1.31)	$	(0.42)
Loss per share from discontinued operations:
Basic and diluted	$	(0.97)	$	(3.37)	$	(1.15)	$	(6.26)


	2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	354,109	$	356,901	$	378,400	$	389,447
Less:
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		240,583		235,679		245,832		248,394
Depreciation, depletion, amortization and accretion		75,761		67,862		69,338		65,478
Gross profit		37,765		53,360		63,230		75,575
Reduction in value of assets		-		-		-		322,713
Loss from continuing operations		(53,136)		(33,817)		(23,436)		(317,014)
Loss from discontinued operations, net of tax		(6,588)		7,427		1,620		(433,171)
Net loss	$	(59,724)	$	(26,390)	$	(21,816)	$	(750,185)

Loss per share from continuing operations:
Basic and diluted	$	(3.45)	$	(2.19)	$	(1.52)	$	(20.51)
Income (loss) per share from discontinued operations:
Basic and diluted	$	(0.43)	$	0.48	$	0.10	$	(28.03)

Stock-Based And Long-Term Incentive Compensation (Summary Of Activity Of Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance \| shares	342,243
Granted \| shares	269,032
Shares, vested \| shares	(162,404)
Shares, fofeited \| shares	(34,905)
Ending balance \| shares	413,966
Weighted average grant date fair value, beginning balance \| $ / shares	$ 132.15
Weighted average grant date fair value, granted \| $ / shares	40.57
Weighted average grant date fair value, vested \| $ / shares	127.64
Weighted average grant date fair value, forfeited \| $ / shares	85.47
Weighted average grant date fair value, ending balance \| $ / shares	$ 78.32

Stock-Based And Long-Term Incentive Compensation (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($) shares	Dec. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($)
Stock Based and Long-Term Compensation (Textual) [Abstract]
Shares available for future grants \| shares	328,000
Stock split, conversion ratio	0.10
Stock Options [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
Cash received from exercising options	$ 0.0	$ 0.0	$ 0.1
Tax benefit from exercising stock options	0.0	$ 0.0	0.1
Unrecognized compensation expense related to non-vested options oustanding	2.0
Compensation expense expected to be recognizes in next year	1.4
Compensation expense expected to be recognized in 2 years	$ 0.6
Restricted Stock Units (RSUs) [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Share-based payment vesting period, years	3 years
Unrecognized compensation expense related to non-vested options oustanding	$ 13.1
Compensation expense expected to be recognizes in next year	9.4
Compensation expense expected to be recognized in 2 years	3.4
Compensation expense expected to be recognized in 3 years	$ 0.3
Shares outstanding \| shares	413,966	342,243
Cash Restricted Stock Units [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Share-based payment vesting period, years	3 years
Shares outstanding \| shares	174,424
Performance Share Units [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Shares outstanding \| shares	315,213
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 next year \| shares	94,091
Performance Share Units Outstanding, in 2 years \| shares	100,052
Performance Share Units Outstanding, in 3 years \| shares	121,070
Supplemental Executive Retirement Plan [Member]
Stock Based and Long-Term Compensation (Textual) [Abstract]
Employers Contribution to be received by plan participants, Minimum	5.00%
Employers Contribution to be received by plan participants, Maximum	35.00%
Employers contribution	$ 1.1	$ 1.2	0.9
Distribution to select participants	$ 2.3	0.0	0.0
Other Pension Plan [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	$ 10.5	$ 10.0	$ 8.4
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%
Maximum of cash portion of RSU compensation to defer under non-qualified deferred compensation plan	100.00%
Non-employee RSU deferred to non-qualified compensation plan	100.00%

Stock-Based And Long-Term Incentive Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Stock-Based And Long-Term Incentive Compensation [Abstract]

Summary Of Compensation Expense And Tax Benefits



	Years ended December 31,
	2019		2018		2017
Stock options	$	2,743	$	4,247	$	4,289
Restricted stock units		15,716		19,828		21,899
Cash restricted stock units		298		-		-
Performance share units		935		6,912		9,740
Total compensation expense		19,692		30,987		35,928

Related income taxes		4,569		7,189		8,335
Total compensation expense, net of income taxes	$	15,123	$	23,798	$	27,593

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



	Years ended December 31,
	2019			2018			2017
Weighted average fair value of stock options granted	$	24.60		$	56.12		$	83.60

Black-Scholes-Merton Assumptions:
Risk free interest rate		2.57	%		2.43	%		1.96	%
Expected life (years)		6			6			6
Volatility		56.62	%		51.21	%		48.22	%

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 at beginning of period	643,545	$	182.69	5.0	$	-
Granted	59,286	$	43.6
Exercised	-	$	-
Expired	(33,471)	$	207.88
Outstanding at end of period	669,360	$	169.11	4.7	$	-
Exercisable at end of period	566,946	$	185.48	4.0	$	-
Options expected to vest at end of period	102,414	$	78.47	8.6	$	-

Summary Of Non-Vested Stock Option Activity



	Number of Options	Weighted Average Grant Date Fair Value
Non-vested at beginning of period	141,286	$	80.00
Granted	59,286	$	43.60
Vested	(98,158)	$	112.09
Non-vested at end of period	102,414	$	78.47

Summary Of Restricted Stock Unit Activity



	Number of RSUs	Weighted Average Grant Date Fair Value
Non-vested at beginning of period	342,243	$	132.15
Granted	269,032	$	40.57
Vested	(162,404)	$	127.64
Forfeited	(34,905)	$	85.47
Non-vested at end of period	413,966	$	78.32

Schedule Of ESPP Activity



	Years ended December 31,
	2019		2018		2017
Cash received for shares issued	$	689	$	2,625	$	3,074
Compensation expense	$	122	$	463	$	542
Shares issued		532,292		550,950		360,465

Schedule Of Deferred Compensation Balances



		December 31,
	Balance sheet location	2019		2018
Deferred compensation assets	Intangible and other long-term assets, net	$	15,499	$	13,306
Deferred compensation liabilities, short-term	Accounts payable	$	1,372	$	1,138
Deferred compensation liabilities, long-term	Other long-term liabilities	$	23,466	$	19,766

Property, Plant And Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

(4) Property, Plant and Equipment

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



	December 31,
	2019		2018
Machinery and equipment	$	2,425,526	$	3,229,793
Buildings, improvements and leasehold improvements		255,719		278,339
Automobiles, trucks, tractors and trailers		22,727		26,522
Furniture and fixtures		40,694		52,045
Construction-in-progress		16,661		38,119
Land		48,534		58,047
Oil and gas producing assets		69,204		66,605
Total		2,879,065		3,749,470
Accumulated depreciation and depletion		(2,214,116)		(2,640,344)
Property, plant and equipment, net	$	664,949	$	1,109,126

The Company had $68.4 million and $74.9 million of leasehold improvements at December 31, 2019 and 2018, 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. As of December 31, 2019, $179.1 million of property, plant and equipment relating to Pumpco was classified as assets held for sale on the consolidated balance sheet. Depreciation expense (excluding depletion, amortization and accretion) was $180.2 million, $258.6 million and $312.4 million during 2019, 2018 and 2017, respectively.

Summary Of Significant Accounting Policies (Goodwill) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Reduction in value of goodwill	$ 668,900	$ 251,826
Goodwill, Impaired, Accumulated Impairment Loss	$ 2,417,100
Valuation, Income Approach [Member]
Goodwill [Line Items]
Goodwill Impairment, Percentage of method used in determining impairment	80.00%
Valuation, Market Approach [Member]
Goodwill [Line Items]
Goodwill Impairment, Percentage of method used in determining impairment	20.00%
Onshore Completion And Workover Services [Member]
Goodwill [Line Items]
Reduction in value of goodwill		583,600
Production Services [Member]
Goodwill [Line Items]
Reduction in value of goodwill		$ 85,300

Supplemental Guarantor Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019 USD ($)
Condensed Financial Statements, Captions [Line Items]
Subsidiary ownership	100.00%
Unsecured Senior Notes Due 2024 [Member]
Condensed Financial Statements, Captions [Line Items]
Unsecured senior notes	$ 500,000,000
Stated interest rate on unsecured senior notes	7.75%

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Computed expected tax benefit	$ (17,513)	$ (98,785)	$ (109,157)
State and foreign income taxes	4,019	10,437	16,437
Reduction in value of assets	(233)	27,680
U.S. Tax Reform			(39,603)
Other	9,101	17,665	761
Income tax benefit	$ (4,626)	$ (43,003)	$ (131,562)

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of income tax	$ (92,362)	$ (17,936)	$ (52,609)	$ (15,061)	$ (433,171)	$ 1,620	$ 7,427	$ (6,588)	$ (177,968)	$ (430,712)	$ (25,606)
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									281,452	651,408	568,547
Cost of services									272,248	531,616	508,886
Income (loss) from discontinued operations before income tax									(169,582)	(433,142)	(84,813)
Loss from discontinued operations, net of income tax									$ (177,968)	$ (430,712)	$ (25,606)

- Definition

Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Reduction in value of goodwill	$ 668,900	$ 251,826
Effect on permanent book-tax basis difference	548,800
Effect on book-tax temporary basis difference	102,000
Goodwill impairment, amortization expense	$ 18,000
U.S. Federal income tax rate	21.00%	35.00%
U.S. Tax Reform			$ 39,603
Net operating loss carryforwards	$ 210,000
Limitation on operating loss carryforward usage as percent of taxable income	80.00%
Deferred tax assets, various state	$ 19,600
Foreign tax credit carryforward	54,500
Unrecognized tax benefits	13,206	$ 30,558	30,656	$ 29,956
Interest and penalties accrued	5,000	$ 9,700	$ 9,700
Reduction to unrecognized tax benefits, foreign tax audits	19,852
Increase in valuation allowance	$ 61,900