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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2020	Aug. 05, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
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 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 Common Stock, Shares Outstanding		14,826,627
Entity Central Index Key	0000886835
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 278,409	$ 272,624
Accounts receivable, net of allowance for doubtful accounts of $12,381 and $12,156 at June 30, 2020 and December 31, 2019, respectively	219,410	332,047
Income taxes receivable	32,648	740
Prepaid expenses	42,893	49,132
Inventory and other current assets	118,309	117,629
Assets held for sale	116,163	216,197
Total current assets	807,832	988,369
Property, plant and equipment, net of accumulated depreciation and depletion of $2,169,809 and $2,214,116 at June 30, 2020 and December 31, 2019, respectively	599,114	664,949
Operating lease right-of-use assets	71,376	80,906
Goodwill	136,006	137,695
Notes receivable	70,350	68,092
Restricted cash	2,774	2,764
Intangible and other long-term assets, net of accumulated amortization of $23,459 and $23,199 at June 30, 2020 and December 31, 2019, respectively	46,988	50,455
Total assets	1,734,440	1,993,230
Current liabilities:
Accounts payable	64,604	92,966
Accrued expenses	147,304	182,934
Current portion of decommissioning liabilities	3,706	3,649
Liabilities held for sale	7,252	44,938
Total current liabilities	222,866	324,487
Long-term debt, net	1,288,663	1,286,629
Decommissioning liabilities	135,677	132,632
Operating lease liabilities	54,087	62,354
Deferred income taxes	2,531	3,247
Other long-term liabilities	125,743	134,308
Stockholders’ equity (deficit):
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 - 15,799,039, Outstanding - 14,826,627 at June 30, 2020 Authorized - 25,000,000, Issued - 15,689,463, Outstanding - 14,717,051 at December 31, 2019	16	16
Additional paid-in capital	2,757,552	2,752,859
Treasury stock at cost, 972,412 shares at June 30, 2020 and December 31, 2019, respectively	(4,290)	(4,290)
Accumulated other comprehensive loss, net	(76,750)	(71,927)
Accumulated deficit	(2,771,655)	(2,627,085)
Total stockholders’ equity (deficit)	(95,127)	49,573
Total liabilities and stockholders’ equity (deficit)	$ 1,734,440	$ 1,993,230

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 12,381	$ 12,156
Accumulated depreciation and depletion on Property, plant and equipment	2,169,809	2,214,116
Accumulated amortization of Intangible and other long-term assets	$ 23,894	$ 23,199
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	15,799,039	15,689,463
Common stock, shares outstanding	14,826,627	14,717,051
Treasury Stock, Shares	972,412	972,412

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 183,853	$ 367,438	$ 505,350	$ 732,712
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	128,803	229,532	340,489	469,585
Depreciation, depletion, amortization and accretion	36,786	51,271	78,141	107,614
General and administrative expenses	59,707	71,038	124,864	142,150
Reduction in value of assets		7,556	16,522	7,556
Income (loss) from operations	(41,443)	8,041	(54,666)	5,807
Other income (expense):
Interest expense, net	(24,749)	(24,650)	(49,883)	(49,771)
Other income (expense):	821	490	(3,411)	(1,122)
Loss from continuing operations before income taxes	(65,371)	(16,119)	(107,960)	(45,086)
Income taxes	(6,508)	2,322	(16,762)	5,999
Net loss from continuing operations	(58,863)	(18,441)	(91,198)	(51,085)
Loss from discontinued operations, net of income tax	(6,243)	(52,609)	(53,372)	(67,670)
Net loss	$ (65,106)	$ (71,050)	$ (144,570)	$ (118,755)
Basic and diluted loss per share:
Net loss from continuing operations	$ (3.97)	$ (1.18)	$ (6.18)	$ (3.29)
Loss from discontinued operations	(0.42)	(3.37)	(3.61)	(4.35)
Net loss	$ (4.39)	$ (4.55)	$ (9.79)	$ (7.64)
Weighted average shares outstanding	14,826	15,600	14,767	15,538
Services [Member]
Revenues:
Total revenues	$ 90,609	$ 238,435	$ 270,845	$ 477,708
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	81,400	168,881	221,599	347,606
Depreciation, depletion, amortization and accretion	18,025	33,326	41,184	69,948
Rentals [Member]
Revenues:
Total revenues	53,339	92,011	153,444	183,048
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	20,982	38,850	61,025	80,537
Depreciation, depletion, amortization and accretion	10,668	15,795	23,488	31,458
Product Sales [Member]
Revenues:
Total revenues	39,905	36,992	81,061	71,956
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	26,421	21,801	57,865	41,442
Depreciation, depletion, amortization and accretion	$ 8,093	$ 2,150	$ 13,469	$ 6,208

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (65,106)	$ (71,050)	$ (144,570)	$ (118,755)
Change in cumulative translation adjustment, net of tax	(285)	(1,916)	(4,823)	(843)
Comprehensive loss	$ (65,391)	$ (72,966)	$ (149,393)	$ (119,598)

- Definition

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

+ References

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+ Details

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (65,106)	$ (79,464)	$ (71,050)	$ (47,705)	$ (144,570)	$ (118,755)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion					78,141	157,657
Deferred income taxes					(716)
Reduction in value of assets					16,522	31,381
Reduction in value of assets held for sale					49,361
Right-of-use assets amortization					9,943	11,286
Stock-based compensation expense					7,293	13,507
Other reconciling items, net					(1,906)	(7,005)
Changes in operating assets and liabilities:
Accounts receivable					88,182	67,506
Prepaid expenses					(8)	(16,953)
Inventory and other current assets					5,668	(13,680)
Accounts payable					(27,250)	(21,931)
Accrued expenses					(38,137)	(28,089)
Income taxes					(31,677)
Other, net					(11,419)	(6,094)
Net cash provided by (used in) operating activities					(573)	68,830
Cash flows from investing activities:
Payments for capital expenditures					(30,518)	(79,136)
Proceeds from sales of assets					39,445	84,557
Net cash provided by investing activities					8,927	5,421
Cash flows from financing activities:
Tax withholdings for vested restricted stock units					(208)	(1,677)
Other						651
Net cash used in financing activities					(208)	(1,026)
Effect of exchange rate changes on cash					(2,351)	(102)
Net change in cash, cash equivalents, and restricted cash					5,795	73,123
Cash, cash equivalents, and restricted cash at beginning of period		$ 275,388		$ 163,748	275,388	163,748	$ 163,748
Cash, cash equivalents, and restricted cash at end of period	$ 281,183		$ 236,871		$ 281,183	$ 236,871	$ 275,388

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss, Net [Member]	Accumulated Deficit [Member]	Total
Balances at Dec. 31, 2018	$ 155	$ 2,735,125		$ (73,177)	$ (2,371,364)	$ 290,739
Beginning balance, shares at Dec. 31, 2018	15,488,542
Net loss					(47,705)	(47,705)
Foreign currency translation adjustment				1,073		1,073
Stock-based compensation expense, net of forfeitures		5,625				5,625
Transactions under stock plans, value	$ 1	(1,667)				(1,666)
Transactions under stock plans, shares	107,118
Balances at Mar. 31, 2019	$ 156	2,739,083		(72,104)	(2,419,069)	248,066
Ending balance, shares at Mar. 31, 2019	15,595,660
Balances at Dec. 31, 2018	$ 155	2,735,125		(73,177)	(2,371,364)	290,739
Beginning balance, shares at Dec. 31, 2018	15,488,542
Net loss						(118,755)
Foreign currency translation adjustment						(843)
Balances at Jun. 30, 2019	$ 157	2,744,373		(74,020)	(2,490,119)	180,391
Ending balance, shares at Jun. 30, 2019	15,657,316
Balances at Dec. 31, 2018	$ 155	2,735,125		(73,177)	(2,371,364)	290,739
Beginning balance, shares at Dec. 31, 2018	15,488,542
Balances 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
Balances at Mar. 31, 2019	$ 156	2,739,083		(72,104)	(2,419,069)	248,066
Beginning balance, shares at Mar. 31, 2019	15,595,660
Net loss					(71,050)	(71,050)
Foreign currency translation adjustment				(1,916)		(1,916)
Stock-based compensation expense, net of forfeitures		4,650				4,650
Transactions under stock plans, value		(10)				(10)
Transactions under stock plans, shares	11,637
Shares issued under Employee Stock Purchase Plan, value	$ 1	650				651
Shares issued under Employee Stock Purchase Plan	50,019
Balances at Jun. 30, 2019	$ 157	2,744,373		(74,020)	(2,490,119)	180,391
Ending balance, shares at Jun. 30, 2019	15,657,316
Balances at Dec. 31, 2019	$ 16	2,752,859	(4,290)	(71,927)	(2,627,085)	49,573
Beginning balance, shares at Dec. 31, 2019	15,689,463
Net loss					(79,464)	(79,464)
Foreign currency translation adjustment				(4,538)		(4,538)
Stock-based compensation expense, net of forfeitures		2,527				2,527
Transactions under stock plans, value		(208)				(208)
Transactions under stock plans, shares	108,965
Balances at Mar. 31, 2020	$ 16	2,755,178	(4,290)	(76,465)	(2,706,549)	(32,110)
Ending balance, shares at Mar. 31, 2020	15,798,428
Balances at Dec. 31, 2019	$ 16	2,752,859	(4,290)	(71,927)	(2,627,085)	49,573
Beginning balance, shares at Dec. 31, 2019	15,689,463
Net loss						(144,570)
Foreign currency translation adjustment						(4,823)
Balances at Jun. 30, 2020	$ 16	2,757,552	(4,290)	(76,750)	(2,771,655)	(95,127)
Ending balance, shares at Jun. 30, 2020	15,799,039
Balances at Mar. 31, 2020	$ 16	2,755,178	(4,290)	(76,465)	(2,706,549)	(32,110)
Beginning balance, shares at Mar. 31, 2020	15,798,428
Net loss					(65,106)	(65,106)
Foreign currency translation adjustment				(285)		(285)
Stock-based compensation expense, net of forfeitures		2,374				2,374
Transactions under stock plans, shares	611
Balances at Jun. 30, 2020	$ 16	$ 2,757,552	$ (4,290)	$ (76,750)	$ (2,771,655)	$ (95,127)
Ending balance, shares at Jun. 30, 2020	15,799,039

- Definition

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

+ References

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Basis of Presentation

6 Months Ended

Jun. 30, 2020

Basis of Presentation [Abstract]

Basis of Presentation

(1)Basis of Presentation

Certain information and footnote disclosures normally in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC); however, management believes the disclosures that are made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Superior Energy Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2019, and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein.

The financial information of Superior Energy Services, Inc. and its subsidiaries (the Company) for the three and six months ended June 30, 2020 and 2019 has not been audited. However, in the opinion of management, all adjustments necessary to present fairly the results of operations for the periods presented have been included therein. Certain previously reported amounts have been reclassified to conform to the 2020 presentation. The results of operations for the first six months of the year are not necessarily indicative of the results of operations that might be expected for the entire year.

The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure. Based on the evaluation, the Company determined that there were no material subsequent events, other than as described below, that required disclosure or recognition in these condensed consolidated financial statements.

Recent Developments

Combination

As previously disclosed, on December 18, 2019, the Company entered into a definitive merger agreement (as amended on February 20, 2020, 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. (Forbes) to create a new consolidation platform for U.S. completion, production and water solutions (the Combination).

While the Company and Forbes worked diligently to complete the Combination, the significant reduction in crude oil prices caused primarily by the COVID-19 pandemic resulted in a significant decline in demand for services provided by the Superior Energy U.S. Business and Forbes. While management continues to believe that the Company should be separated into two distinct companies as contemplated by the Combination, the COVID-19 pandemic and oil price decline made it impractical for the Company and Forbes to complete the Combination on the terms originally contemplated by the Merger Agreement. The Combination was not consummated by May 31, 2020, and the Company terminated the Merger Agreement in accordance with its terms.

Related Financing Transactions

As previously disclosed, as a condition of the Combination, SESI, L.L.C. (SESI), the Company’s wholly owned subsidiary, conducted 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 to amend the liens covenant in the indenture (the Proposed Amendment) governing the Original Notes (the Original Notes Indenture).

As a result of the termination of the Merger Agreement, on June 3, 2020 (the Termination Exchange Date), the New Notes issued in the Exchange Offer were automatically exchanged for an equal principal amount of Original Notes issued as “Additional Notes” under the Original Notes Indenture, which notes accrue interest from the Termination Exchange Date at a rate of 7.125% per year. Accordingly, the (i) the 9.750% Senior Second Lien Secured Notes due 2025 were not issued by Arita Energy, Inc., (ii) the 8.750% Senior Second Lien Secured Notes due 2026 were not issued by SESI, (iii) the aggregate cash payment of $6.35 million were not paid to eligible holders of validly tendered Original Notes, (iv) the Proposed Amendment did not become operative and (v) eligible holders of New Notes that were issued in exchange for Original Notes in the Exchange Offer received an aggregate principal amount of Original Notes equal to the Exchange Consideration (as defined in SESI’s offering memorandum and consent solicitation statement, dated as of January 6, 2020, and amended and supplemented).

COVID-19 Pandemic and Market Conditions

The Company’s operations were disrupted due to the circumstances surrounding the COVID-19 pandemic. The significant business disruption resulting from the COVID-19 pandemic has impacted customers, vendors and suppliers in all geographical areas where the Company operates. The closure of non-essential business facilities and restrictions on travel put in place by governments around the world have significantly reduced economic activity. Additionally, recognized health risks associated with the COVID-19 pandemic have altered the policies of companies operating around the world, resulting in these companies instituting safety programs similar to what

both domestic and international governmental agencies have implemented, including stay at home orders, social distancing mandates, and other community oriented health objectives. The Company is complying with all such ordinances in its operations across the globe. Management of the Company believes it has proactively addressed many of the known operational impacts of the COVID-19 pandemic to the extent possible and will strive to continue to do so, but there can be no guarantee the measures will be fully effective.

Furthermore, the oil and gas industry has experienced unprecedented price disruptions during 2020, due in part to significantly decreased demand as a result of the COVID-19, as activity declined in the face of depressed crude oil pricing. The U.S. oil and gas rig count fell by approximately 25% during the first quarter of 2020 and plunged by more than 60% in the second quarter of 2020. The number of oil and gas rigs outside of the U.S. and Canada fell by more than 20% in the second quarter of 2020 to an average of 834 rigs from 1,074 rigs in the first quarter of 2020. In addition, real gross domestic product (GDP) decreased at an annual rate of 32.9% in the second quarter of 2020, after experiencing a 5% decrease for the first quarter, according to the Bureau of Economic Analysis. These market conditions have significantly impacted the Company’s business, with second quarter 2020 revenue decreasing to $183.9 million, as compared to $321.5 million in the first quarter of 2020, or 43%. As customers continue to revise their capital budgets in order to adjust spending levels in response to lower commodity prices, the Company has experienced significant pricing pressure for its products and services.

Low oil prices and industry volatility are likely to continue through the near and long-term. In the second quarter of 2020, OPEC+ reached a supply curtailment agreement of up to 10 million barrels per day, which drove expectations for future hydrocarbon supply lower. However, on July 15, 2020, an alliance of certain OPEC nations led by Saudi Arabia agreed to increase oil production starting in August 2020, citing theoretically increased demand due to the relaxing of COVID-19 restrictions. As the global outbreak of the COVID-19 pandemic continues to rapidly evolve, management expects it to continue to materially and adversely affect the Company’s revenue, financial condition, profitability, and cash flow for an indeterminate period of time. As a result, the management of the Company is taking the necessary actions to right-size the business for expected activity levels across the business.

New York Stock Exchange Notice

As previously disclosed, on March 30, 2020, the Company received a written notice from the New York Stock Exchange (the NYSE) notifying the Company that it was not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual because the average global market capitalization of the Company’s common stock over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders’ equity was less than $50 million (the $50 Million Standard).

In response to the significant volatility in the financial markets caused by the COVID-19 pandemic, on April 21, 2020, the SEC approved, with immediate effectiveness, the NYSE’s proposal to permit a longer cure period for NYSE-listed companies to regain compliance with the $50 Million Standard by tolling their respective compliance periods through June 30, 2020 (the Tolling Order). Under the NYSE rules, the Company would normally have 18 months to cure the noncompliance (the 18-Month Cure Period). However, in accordance with the Tolling Order, the 18-Month Cure Period was paused through June 30, 2020 and resumed on July 1, 2020.

On May 14, 2020, the Company submitted its plan (the Plan) to cure the deficiency and regain compliance with the $50 Million Standard, and, on June 25, 2020, the NYSE accepted the Plan. The Company’s common stock will continue to be traded on the NYSE during the 18-Month Cure Period which ends on December 9, 2021, as extended by the Tolling Order, subject to the Company’s compliance with the Plan and other continued listing requirements.

Amendment to Credit Facility

On August 5, 2020, the Company amended its asset-based revolving credit facility to permit the Company to use up $100 million to cash collateralize third-party letters of credit, surety, judgment, appeal or performance bonds or similar obligations. The Company also agreed to deposit $25 million in an account under the lenders’ control to further secure its obligations under the revolving credit facility. The Company intends to reduce the amount of letters of credit issued under the revolving credit facility to bring availability under the credit facility to at least $37.5 million. The amendment also prohibits the Company from requesting any loans under the credit facility and also restricts the Company’s flexibility under certain of the investment, indebtedness, junior debt repayment and restricted payment covenants.

Revenue

6 Months Ended

Jun. 30, 2020

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 to render services, provide rentals or sell products, and is the unit of account under Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (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 Revenue: products are generally sold based upon purchase orders or contracts with 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):



	Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
U.S. land
Drilling Products and Services	$	19,538	$	47,267	$	56,194	$	95,483
Onshore Completion and Workover Services		21,180		94,618		82,398		197,754
Production Services		11,097		38,808		41,763		79,475
Technical Solutions		3,166		13,385		9,303		25,307
Total U.S. land	$	54,981	$	194,078	$	189,658	$	398,019

U.S. offshore
Drilling Products and Services	$	28,587	$	28,085	$	65,811	$	57,153
Onshore Completion and Workover Services		-		-		-		-
Production Services		6,363		21,410		17,663		40,682
Technical Solutions		23,611		33,492		55,144		54,424
Total U.S. offshore	$	58,561	$	82,987	$	138,618	$	152,259

International
Drilling Products and Services	$	19,225	$	25,330	$	49,338	$	49,125
Onshore Completion and Workover Services		-		-		-		-
Production Services		37,033		42,784		96,571		86,295
Technical Solutions		14,053		22,259		31,165		47,014
Total International	$	70,311	$	90,373	$	177,074	$	182,434
Total Revenues	$	183,853	$	367,438	$	505,350	$	732,712

‎

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



	Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
Services
Drilling Products and Services	$	13,013	$	15,203	$	27,589	$	34,162
Onshore Completion and Workover Services		19,712		85,519		73,816		178,033
Production Services		39,737		89,476		122,531		177,470
Technical Solutions		18,147		48,237		46,909		88,043
Total services	$	90,609	$	238,435	$	270,845	$	477,708

Rentals
Drilling Products and Services	$	44,573	$	72,634	$	122,402	$	142,592
Onshore Completion and Workover Services		1,468		9,099		8,582		19,721
Production Services		5,072		7,250		13,860		15,852
Technical Solutions		2,226		3,028		8,600		4,883
Total rentals	$	53,339	$	92,011	$	153,444	$	183,048

Product Sales
Drilling Products and Services	$	9,764	$	12,845	$	21,352	$	25,007
Onshore Completion and Workover Services		-		-		-		-
Production Services		9,684		6,276		19,606		13,130
Technical Solutions		20,457		17,871		40,103		33,819
Total product sales	$	39,905	$	36,992	$	81,061	$	71,956
Total Revenues	$	183,853	$	367,438	$	505,350	$	732,712

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Inventory

6 Months Ended

Jun. 30, 2020

Inventory [Abstract]

Inventory

(3)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 primarily consist of products used in our services provided to customers. The components of the inventory balances are as follows (in thousands):




	June 30, 2020		December 31, 2019
Finished goods	$	44,783	$	45,127
Raw materials		14,274		16,130
Work-in-process		8,523		9,360
Supplies and consumables		38,059		33,322
Total	$	105,639	$	103,939

Notes Receivable

6 Months Ended

Jun. 30, 2020

Notes Receivable [Abstract]

Notes Receivable

(4)Notes Receivable

Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company related to costs associated with the abandonment of the acquired property. 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 totals $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 completion of the decommissioning activities. The Company recorded interest income related to notes receivable of $2.3 million and $2.0 million for the six months ended June 30, 2020 and 2019, respectively.

Debt

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Debt

‎

(5)Debt

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



		June 30, 2020		December 31, 2019
	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			(11,337)		(13,371)
Total debt, net		$	1,288,663	$	1,286,629

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 March 2, 2020, the Company amended its credit facility to increase the capacity for foreign letters of credit from $25.0 million to $40.0 million. On August 5, 2020, the Company amended its asset-based revolving credit facility to permit the Company to use up $100 million to cash collateralize third-party letters of credit, surety, judgment, appeal or performance bonds or similar obligations. The Company also agreed to deposit $25 million in an account under the lenders’ control to further secure its obligations under the revolving credit facility. The Company intends to reduce the amount of letters of credit issued under the revolving credit facility to bring availability under the credit facility to at least $37.5 million. The amendment also prohibits the Company from requesting any loans under the credit facility and also restricts the Company’s flexibility under certain of the investment, indebtedness, junior debt repayment and restricted payment covenants.

At June 30, 2020, the borrowing base was $127.8 million and the Company had $115.4 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 $800 million of senior unsecured notes due December 2021. The indenture governing the 7.125% senior unsecured notes due 2021 requires semi-annual interest payments on June 15 and December 15of each year through the maturity date of December 15, 2021.

The Company also 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.

Decommissioning Liabilities

6 Months Ended

Jun. 30, 2020

Decommissioning Liabilities [Abstract]

Decommissioning Liabilities

(6)Decommissioning Liabilities

The Company’s decommissioning liabilities associated with an oil and gas property and its related assets include liabilities related to the plugging of wells, 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 Company had decommissioning liabilities of $139.4 million and $136.3 million at June 30, 2020 and December 31, 2019, respectively.

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

(7) Leases

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 right-of-use (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):



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Long-term fixed lease expense	$	6,538	$	8,414	$	14,011	$	16,565
Long-term variable lease expense		76		94		200		181
Short-term lease expense		2,100		4,593		6,523		9,871
Total operating lease expense	$	8,714	$	13,101	$	20,734	$	26,617

Supplemental Balance Sheet and Cash Flows Information

Operating leases were as follows (in thousands):



	June 30, 2020		December 31, 2019
Operating lease ROU assets	$	71,376	$	80,906

Accrued expenses	$	19,427	$	21,072
Operating lease liabilities		54,087		62,354
Total operating lease liabilities	$	73,514	$	83,426

Weighted average remaining lease term		9 years		9 years
Weighted average discount rate		6.53%		6.75%

	Six Months Ended June 30,
	2020		2019
Cash paid for operating leases	$	14,409	$	17,435
ROU assets obtained in exchange for lease obligations	$	2,996	$	16,150

Maturities of operating lease liabilities at June 30, 2020 are as follows (in thousands):



Remainder of 2020	$	13,898
2021		21,890
2022		14,580
2023		11,020
2024		8,049
Thereafter		47,073
Total lease payments		116,510
Less imputed interest		(42,996)
Total	$	73,514

Fair Value Measurements

6 Months Ended

Jun. 30, 2020

Fair Value Measurements [Abstract]

Fair Value Measurements

(8) 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.

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 June 30, 2020
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	13,930	$	-	$	13,930
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	2,686	$	-	$	2,686
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,039	$	-	$	19,039
Total debt	$	458,109	$	-	$	-	$	458,109

	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

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. 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 condensed 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 such instruments as quoted in an over-the-counter market, which represents Level 1 in the fair value hierarchy.

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



	Six Months Ended June 30, 2020
	Impairment		Fair Value
Property, plant and equipment, net	$	16,522	$	13,593

Fair value is measured as of impairment date using Level 3 inputs. See Note 10 for a discussion of the reduction in value of assets recorded during the six months ended June 30, 2020.

- 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

Segment Information

6 Months Ended

Jun. 30, 2020

Segment Information [Abstract]

Segment Information

(9) Segment Information

Business Segments

The Drilling Products and Services segment rents and sells premium drill pipe, bottom hole assemblies, 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.

The Company evaluates the performance of its reportable segments based on income or loss from operations excluding 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):



Three Months Ended June 30, 2020

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	67,350	$	21,180	$	54,493	$	40,830	$	-	$	183,853
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		22,486		24,242		48,897		33,178		-		128,803
Depreciation, depletion, amortization
and accretion		15,828		5,514		10,182		4,335		927		36,786
General and administrative expenses		10,928		4,002		6,576		10,209		27,992		59,707
Reduction in value of assets		-		-		-		-		-		-
Income (loss) from operations		18,108		(12,578)		(11,162)		(6,892)		(28,919)		(41,443)
Interest income (expense), net		-		-		-		1,104		(25,853)		(24,749)
Other income		-		-		-		-		821		821
Income (loss) from continuing operations
before income taxes	$	18,108	$	(12,578)	$	(11,162)	$	(5,788)	$	(53,951)	$	(65,371)



Three Months Ended June 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	100,682	$	94,618	$	103,002	$	69,136	$	-	$	367,438
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		37,864		74,088		78,418		39,162		-		229,532
Depreciation, depletion, amortization
and accretion		21,490		9,440		13,172		5,979		1,190		51,271
General and administrative expenses		15,241		8,059		7,970		15,522		24,246		71,038
Reduction in value of assets		-		7,556		-		-		-		7,556
Income (loss) from operations		26,087		(4,525)		3,442		8,473		(25,436)		8,041
Interest income (expense), net		-		-		-		1,035		(25,685)		(24,650)
Other income		-		-		-		-		490		490
Income (loss) from continuing operations
before income taxes	$	26,087	$	(4,525)	$	3,442	$	9,508	$	(50,631)	$	(16,119)

‎



Six Months Ended June 30, 2020

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	171,343	$	82,398	$	155,997	$	95,612	$	-	$	505,350
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		57,449		76,831		131,509		74,700		-		340,489
Depreciation, depletion, amortization
and accretion		33,618		11,827		21,020		9,680		1,996		78,141
General and administrative expenses		25,441		9,316		14,431		24,200		51,476		124,864
Reduction in value of assets		-		-		4,096		12,426		-		16,522
Income (loss) from operations		54,835		(15,576)		(15,059)		(25,394)		(53,472)		(54,666)
Interest income (expense), net		-		-		-		2,277		(52,160)		(49,883)
Other expense		-		-		-		-		(3,411)		(3,411)
Income (loss) from continuing operations
before income taxes	$	54,835	$	(15,576)	$	(15,059)	$	(23,117)	$	(109,043)	$	(107,960)



Six Months Ended June 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	201,761	$	197,754	$	206,452	$	126,745	$	-	$	732,712
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		80,069		155,777		158,299		75,440		-		469,585
Depreciation, depletion, amortization
and accretion		44,516		21,087		27,312		12,289		2,410		107,614
General and administrative expenses		29,810		15,901		15,782		31,459		49,198		142,150
Reduction in value of assets		-		7,556		-		-		-		7,556
Income (loss) from operations		47,366		(2,567)		5,059		7,557		(51,608)		5,807
Interest income (expense), net		-		-		-		2,053		(51,824)		(49,771)
Other expense		-		-		-		-		(1,122)		(1,122)
Income (loss) from continuing operations
before income taxes	$	47,366	$	(2,567)	$	5,059	$	9,610	$	(104,554)	$	(45,086)



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
June 30, 2020	$	684,206	$	294,324	$	393,918	$	298,791	$	63,201	$	1,734,440
December 31, 2019	$	659,621		467,697	$	421,848	$	377,627	$	66,437	$	1,993,230

Geographic Segments

The Company attributes revenue to various countries based on the location of 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 are as follows (in thousands):



Revenues
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
United States	$	113,542	$	277,065	$	328,276	$	550,278
Other countries		70,311		90,373		177,074		182,434
Total	$	183,853	$	367,438	$	505,350	$	732,712

Long-Lived Assets

	June 30, 2020		December 31, 2019
United States	$	430,322	$	489,189
Other countries		168,792		175,760
Total	$	599,114	$	664,949

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Reduction in Value of Assets

6 Months Ended

Jun. 30, 2020

Reduction in Value of Assets [Abstract]

Reduction in Value of Assets

(10) Reduction in Value of Assets

During the six months ended June 30, 2020, the Company recorded $16.5 million in connection with the reduction in the value of its long-lived assets. The reduction in value of assets was comprised of $4.1 million and $12.4 million related to property, plant and equipment in the Production Services segment and the Technical Solutions segment, respectively.

Stock-Based Compensation Plans

6 Months Ended

Jun. 30, 2020

Stock-Based Compensation Plans [Abstract]

Stock-Based Compensation Plans

(11) Stock-Based Compensation Plans

The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers, directors, consultants and advisors (the Eligible Participants). Under the stock incentive plans, the Company may grant incentive stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants. The Company’s total compensation expense related to these plans was approximately $7.3 million and $13.4 million for the six months ended June 30, 2020 and 2019, respectively, which is reflected in general and administrative expenses.

Income Taxes

6 Months Ended

Jun. 30, 2020

Income Taxes [Abstract]

Income Taxes

(12) Income Taxes

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), a tax relief and spending package intended to provide economic stimulus to address the impact of the COVID-19 pandemic. The CARES Act allows corporations with net operating losses generated in 2018, 2019 and 2020 to elect to carryback those losses for a period of five years and relaxes the limitation for business interest deductions for 2019 and 2020. Under the provisions of the CARES Act, the Company received a refund of $30.5 million in July 2020.

The Company had $13.2 million of unrecorded tax benefits as of June 30, 2020 and December 31, 2019, all of which would impact the Company’s effective tax rate if recognized. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

(13) 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 the conversion of restricted stock units.

The Company incurred a loss from continuing operations for each of the six months ended June 30, 2020 and 2019; therefore, the impact of any incremental shares would be anti-dilutive.

Contingencies

6 Months Ended

Jun. 30, 2020

Contingencies [Abstract]

Contingencies

(14) 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. In management’s opinion, none of the pending litigation, disputes or claims is expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.

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.

Supplemental Guarantor Information

6 Months Ended

Jun. 30, 2020

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

(15) Supplemental Guarantor Information

SESI, L.L.C. (the Issuer), a 100% owned subsidiary of Superior Energy Services, Inc. (the Parent), has $500 million of 7.75% senior unsecured notes due 2024 (the SESI 2024 notes). The Parent, along with certain of its direct and indirect 100% owned domestic subsidiaries (the subsidiary guarantors, and together with the Parent, the guarantors), have entered into guarantees of the outstanding SESI 2024 notes (the guarantees). All guarantees provided by the guarantors are full and unconditional, joint and several, except that the guarantee of any subsidiary guarantor may be released under certain customary circumstances, including (i) in connection with a sale or other disposition of all or substantially all of the assets of the applicable subsidiary guarantor (including by way of merger or consolidation) to a person that is not the Issuer, Parent or a subsidiary of the Issuer; (ii) in connection with a sale or other disposition of all of the capital stock of such subsidiary guarantor to a person that is not the Parent or Issuer or their respective subsidiaries; and (iii) upon legal defeasance or satisfaction and discharge of the indenture governing the SESI 2024 notes. The Parent will be released from its guarantee only in connection with any legal defeasance or satisfaction and discharge of the indenture.

With respect to each guarantor, each guarantee is a general unsecured senior obligation of such guarantor and

ranks equally in right of payment with all existing and future senior unsecured indebtedness of such guarantor;

is senior in right of payment to any future subordinated obligations of such guarantor; and

is effectively subordinated to existing and future secured indebtedness of such guarantor to the extent of the value of the assets securing that indebtedness.

The guarantee obligations of the Parent and each subsidiary guarantor is limited as necessary to prevent the guarantee from constituting a fraudulent conveyance under applicable law. If a guarantee were rendered voidable, it could be subordinated by a court to all other indebtedness (including guarantees and other contingent liabilities) of the applicable guarantor, and, depending on the amount of such indebtedness, such guarantor’s liability on its guarantee could be reduced to zero.

The SESI 2024 notes and the guarantees are structurally subordinated to all indebtedness and other obligations of any of the subsidiary guarantors that do not guarantee the SESI 2024 notes (the non-guarantor subsidiaries). Such non-guarantor subsidiaries have no obligation, contingent or otherwise, to pay amounts due under the SESI 2024 notes or to make funds available to pay those amounts, whether by dividends, distributions, loans or other payments.

The following summarized financial information presents the financial information of the Parent, Issuer and the subsidiary guarantors (collectively, the Obligor Group), on a combined basis, after elimination of (i) intercompany transactions and balances among the Parent, Issuer and the subsidiary guarantors and (ii) equity in earnings from and investments in any subsidiary of the Parent that is not the Issuer or a subsidiary guarantor.



OBLIGOR GROUP
Summarized Balance Sheets Information
(in thousands)
(unaudited)

	June 30, 2020		December 31, 2019
Current assets	$	623,773	$	789,562
Noncurrent assets		1,061,345		1,134,238
Total assets	$	1,685,118	$	1,923,800

Current liabilities	$	171,181	$	261,743
Noncurrent liabilities		2,051,127		2,039,138
Total liabilities	$	2,222,308	$	2,300,881



OBLIGOR GROUP
Summarized Statements of Operations Information
(in thousands)
(unaudited)

	Six Months Ended June 30, 2020		Year Ended December 31, 2019
Total revenues	$	383,741	$	1,126,456
Cost of revenues		257,155		723,451

Loss from operations before income taxes		(90,352)		(92,731)
Income taxes		(17,999)		6,102
Net loss from continuing operations		(72,353)		(98,833)
Loss from discontinued operations, net of tax		(53,372)		(177,968)
Net loss attributable to the obligor group	$	(125,725)	$	(276,801)

The same accounting policies as described in Note 1 to the consolidated financial statements included in this Quarterly Report are used by the Parent and each of its subsidiaries in connection with the summarized financial information presented above.

Discontinued Operations

6 Months Ended

Jun. 30, 2020

Discontinued Operations [Abstract]

Discontinued Operations

(16) Discontinued Operations

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. 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 three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2020			2019	2020			2019
Revenues	$	214	$	68,877	$	468	$	170,779
Cost of services		1,073		66,896		6,532		157,006

Loss from discontinued operations before tax		(3,144)		(46,737)		(62,795)		(63,774)
Loss from discontinued operations, net of income tax		(6,243)		(52,609)		(53,372)		(67,670)

For the six months ended June 30, 2020, loss from discontinued operations included $49.4 million in the reduction in value of assets relating to the impairment of property, plant and equipment.

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



	June 30, 2020		December 31, 2019
Current assets:
Accounts receivable, net	$	552	$	25,106
Other current assets		2,377		6,215
Total current assets	$	2,929	$	31,321

Property, plant and equipment, net		112,853		179,144
Operating lease ROU assets		381		5,732
Total assets	$	116,163	$	216,197

Current liabilities:
Accounts payable	$	349	$	14,370
Accrued expenses		3,745		24,751
Total current liabilities		4,094		39,121

Operating lease liabilities		2,756		5,415
Other long-term liabilities		402		402
Total liabilities	$	7,252	$	44,938

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



	Six Months Ended June 30,
	2020			2019
Cash flows from discontinued operating activities:
Depreciation and amortization	$	-	$	50,043
Reduction in value of assets		49,361		23,824

Cash flows from discontinued investing activities:
Payments for capital expenditures	$	-	$	(27,154)
Proceeds from sales of assets		11,590		926

New Accounting Pronouncements

6 Months Ended

Jun. 30, 2020

New Accounting Pronouncements

New Accounting Pronouncements

(17) New Accounting Pronouncements

Recently Issued Accounting Standards

In June 2016, the Financial Accounting Standards Board (the FASB) issued ASU 2016-13, Measurement of Credit Losses 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 (the 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.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Revenue [Abstract]

Disaggregation Of Revenues

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



	Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
U.S. land
Drilling Products and Services	$	19,538	$	47,267	$	56,194	$	95,483
Onshore Completion and Workover Services		21,180		94,618		82,398		197,754
Production Services		11,097		38,808		41,763		79,475
Technical Solutions		3,166		13,385		9,303		25,307
Total U.S. land	$	54,981	$	194,078	$	189,658	$	398,019

U.S. offshore
Drilling Products and Services	$	28,587	$	28,085	$	65,811	$	57,153
Onshore Completion and Workover Services		-		-		-		-
Production Services		6,363		21,410		17,663		40,682
Technical Solutions		23,611		33,492		55,144		54,424
Total U.S. offshore	$	58,561	$	82,987	$	138,618	$	152,259

International
Drilling Products and Services	$	19,225	$	25,330	$	49,338	$	49,125
Onshore Completion and Workover Services		-		-		-		-
Production Services		37,033		42,784		96,571		86,295
Technical Solutions		14,053		22,259		31,165		47,014
Total International	$	70,311	$	90,373	$	177,074	$	182,434
Total Revenues	$	183,853	$	367,438	$	505,350	$	732,712

‎

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



	Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
Services
Drilling Products and Services	$	13,013	$	15,203	$	27,589	$	34,162
Onshore Completion and Workover Services		19,712		85,519		73,816		178,033
Production Services		39,737		89,476		122,531		177,470
Technical Solutions		18,147		48,237		46,909		88,043
Total services	$	90,609	$	238,435	$	270,845	$	477,708

Rentals
Drilling Products and Services	$	44,573	$	72,634	$	122,402	$	142,592
Onshore Completion and Workover Services		1,468		9,099		8,582		19,721
Production Services		5,072		7,250		13,860		15,852
Technical Solutions		2,226		3,028		8,600		4,883
Total rentals	$	53,339	$	92,011	$	153,444	$	183,048

Product Sales
Drilling Products and Services	$	9,764	$	12,845	$	21,352	$	25,007
Onshore Completion and Workover Services		-		-		-		-
Production Services		9,684		6,276		19,606		13,130
Technical Solutions		20,457		17,871		40,103		33,819
Total product sales	$	39,905	$	36,992	$	81,061	$	71,956
Total Revenues	$	183,853	$	367,438	$	505,350	$	732,712

Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory [Abstract]

Components Of Inventory




	June 30, 2020		December 31, 2019
Finished goods	$	44,783	$	45,127
Raw materials		14,274		16,130
Work-in-process		8,523		9,360
Supplies and consumables		38,059		33,322
Total	$	105,639	$	103,939

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Schedule Of Long Term Debt



		June 30, 2020		December 31, 2019
	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			(11,337)		(13,371)
Total debt, net		$	1,288,663	$	1,286,629

- 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

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-Paragraph 1
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+ Details

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Operating Lease Expense



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Long-term fixed lease expense	$	6,538	$	8,414	$	14,011	$	16,565
Long-term variable lease expense		76		94		200		181
Short-term lease expense		2,100		4,593		6,523		9,871
Total operating lease expense	$	8,714	$	13,101	$	20,734	$	26,617

Supplemental Balance Sheet Information



	June 30, 2020		December 31, 2019
Operating lease ROU assets	$	71,376	$	80,906

Accrued expenses	$	19,427	$	21,072
Operating lease liabilities		54,087		62,354
Total operating lease liabilities	$	73,514	$	83,426

Weighted average remaining lease term		9 years		9 years
Weighted average discount rate		6.53%		6.75%

	Six Months Ended June 30,
	2020		2019
Cash paid for operating leases	$	14,409	$	17,435
ROU assets obtained in exchange for lease obligations	$	2,996	$	16,150

Maturities Of Operating Lease Liabilities



Remainder of 2020	$	13,898
2021		21,890
2022		14,580
2023		11,020
2024		8,049
Thereafter		47,073
Total lease payments		116,510
Less imputed interest		(42,996)
Total	$	73,514

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Measurements [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis




	Fair Value at June 30, 2020
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	13,930	$	-	$	13,930
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	2,686	$	-	$	2,686
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,039	$	-	$	19,039
Total debt	$	458,109	$	-	$	-	$	458,109

	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 Measurements Used In Testing



	Six Months Ended June 30, 2020
	Impairment		Fair Value
Property, plant and equipment, net	$	16,522	$	13,593

Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Information [Abstract]

Schedule Of Segment Reporting Information



Three Months Ended June 30, 2020

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	67,350	$	21,180	$	54,493	$	40,830	$	-	$	183,853
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		22,486		24,242		48,897		33,178		-		128,803
Depreciation, depletion, amortization
and accretion		15,828		5,514		10,182		4,335		927		36,786
General and administrative expenses		10,928		4,002		6,576		10,209		27,992		59,707
Reduction in value of assets		-		-		-		-		-		-
Income (loss) from operations		18,108		(12,578)		(11,162)		(6,892)		(28,919)		(41,443)
Interest income (expense), net		-		-		-		1,104		(25,853)		(24,749)
Other income		-		-		-		-		821		821
Income (loss) from continuing operations
before income taxes	$	18,108	$	(12,578)	$	(11,162)	$	(5,788)	$	(53,951)	$	(65,371)



Three Months Ended June 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	100,682	$	94,618	$	103,002	$	69,136	$	-	$	367,438
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion		37,864		74,088		78,418		39,162		-		229,532
Depreciation, depletion, amortization
and accretion		21,490		9,440		13,172		5,979		1,190		51,271
General and administrative expenses		15,241		8,059		7,970		15,522		24,246		71,038
Reduction in value of assets		-		7,556		-		-		-		7,556
Income (loss) from operations		26,087		(4,525)		3,442		8,473		(25,436)		8,041
Interest income (expense), net		-		-		-		1,035		(25,685)		(24,650)
Other income		-		-		-		-		490		490
Income (loss) from continuing operations
before income taxes	$	26,087	$	(4,525)	$	3,442	$	9,508	$	(50,631)	$	(16,119)

‎



Six Months Ended June 30, 2020

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	171,343	$	82,398	$	155,997	$	95,612	$	-	$	505,350
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		57,449		76,831		131,509		74,700		-		340,489
Depreciation, depletion, amortization
and accretion		33,618		11,827		21,020		9,680		1,996		78,141
General and administrative expenses		25,441		9,316		14,431		24,200		51,476		124,864
Reduction in value of assets		-		-		4,096		12,426		-		16,522
Income (loss) from operations		54,835		(15,576)		(15,059)		(25,394)		(53,472)		(54,666)
Interest income (expense), net		-		-		-		2,277		(52,160)		(49,883)
Other expense		-		-		-		-		(3,411)		(3,411)
Income (loss) from continuing operations
before income taxes	$	54,835	$	(15,576)	$	(15,059)	$	(23,117)	$	(109,043)	$	(107,960)



Six Months Ended June 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	201,761	$	197,754	$	206,452	$	126,745	$	-	$	732,712
Cost of revenues (exclusive of depreciation,
depletion, amortization and accretion)		80,069		155,777		158,299		75,440		-		469,585
Depreciation, depletion, amortization
and accretion		44,516		21,087		27,312		12,289		2,410		107,614
General and administrative expenses		29,810		15,901		15,782		31,459		49,198		142,150
Reduction in value of assets		-		7,556		-		-		-		7,556
Income (loss) from operations		47,366		(2,567)		5,059		7,557		(51,608)		5,807
Interest income (expense), net		-		-		-		2,053		(51,824)		(49,771)
Other expense		-		-		-		-		(1,122)		(1,122)
Income (loss) from continuing operations
before income taxes	$	47,366	$	(2,567)	$	5,059	$	9,610	$	(104,554)	$	(45,086)

Schedule Of Identifiable Assets



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
June 30, 2020	$	684,206	$	294,324	$	393,918	$	298,791	$	63,201	$	1,734,440
December 31, 2019	$	659,621		467,697	$	421,848	$	377,627	$	66,437	$	1,993,230

Revenue By Geographic Area



Revenues
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
United States	$	113,542	$	277,065	$	328,276	$	550,278
Other countries		70,311		90,373		177,074		182,434
Total	$	183,853	$	367,438	$	505,350	$	732,712

Long-Lived Assets

	June 30, 2020		December 31, 2019
United States	$	430,322	$	489,189
Other countries		168,792		175,760
Total	$	599,114	$	664,949

Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2020

Supplemental Guarantor Information [Abstract]

Summarized Balance Sheets Information



OBLIGOR GROUP
Summarized Balance Sheets Information
(in thousands)
(unaudited)

	June 30, 2020		December 31, 2019
Current assets	$	623,773	$	789,562
Noncurrent assets		1,061,345		1,134,238
Total assets	$	1,685,118	$	1,923,800

Current liabilities	$	171,181	$	261,743
Noncurrent liabilities		2,051,127		2,039,138
Total liabilities	$	2,222,308	$	2,300,881

Summarized Statements of Operations Information



OBLIGOR GROUP
Summarized Statements of Operations Information
(in thousands)
(unaudited)

	Six Months Ended June 30, 2020		Year Ended December 31, 2019
Total revenues	$	383,741	$	1,126,456
Cost of revenues		257,155		723,451

Loss from operations before income taxes		(90,352)		(92,731)
Income taxes		(17,999)		6,102
Net loss from continuing operations		(72,353)		(98,833)
Loss from discontinued operations, net of tax		(53,372)		(177,968)
Net loss attributable to the obligor group	$	(125,725)	$	(276,801)

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations [Abstract]

Components Of Income (Loss) From Discontinued Operations


	Three Months Ended June 30,				Six Months Ended June 30,
	2020			2019	2020			2019
Revenues	$	214	$	68,877	$	468	$	170,779
Cost of services		1,073		66,896		6,532		157,006

Loss from discontinued operations before tax		(3,144)		(46,737)		(62,795)		(63,774)
Loss from discontinued operations, net of income tax		(6,243)		(52,609)		(53,372)		(67,670)

Assets And Liabilities Of Discontinued Operation



	June 30, 2020		December 31, 2019
Current assets:
Accounts receivable, net	$	552	$	25,106
Other current assets		2,377		6,215
Total current assets	$	2,929	$	31,321

Property, plant and equipment, net		112,853		179,144
Operating lease ROU assets		381		5,732
Total assets	$	116,163	$	216,197

Current liabilities:
Accounts payable	$	349	$	14,370
Accrued expenses		3,745		24,751
Total current liabilities		4,094		39,121

Operating lease liabilities		2,756		5,415
Other long-term liabilities		402		402
Total liabilities	$	7,252	$	44,938

Schedule Of Cash Flows From Discontinued Operations



	Six Months Ended June 30,
	2020			2019
Cash flows from discontinued operating activities:
Depreciation and amortization	$	-	$	50,043
Reduction in value of assets		49,361		23,824

Cash flows from discontinued investing activities:
Payments for capital expenditures	$	-	$	(27,154)
Proceeds from sales of assets		11,590		926

Basis Of Presentation (Details)	3 Months Ended			6 Months Ended
Basis Of Presentation (Details)	Jun. 30, 2020 USD ($) item shares	Mar. 31, 2020 USD ($) item	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) shares	Jun. 30, 2019 USD ($)	Aug. 05, 2020 USD ($)	Dec. 31, 2019 USD ($) shares
Basis Of Presentation [Line Items]
Common stock, shares authorized \| shares	25,000,000			25,000,000			25,000,000
Decrease in revenue	43.00%
Revenues	$ 183,853,000	$ 321,500,000	$ 367,438,000	$ 505,350,000	$ 732,712,000
Current borrowing capacity	$ 127,800,000			127,800,000
United States [Member]
Basis Of Presentation [Line Items]
Decrease in rigs	60.00%	25.00%
Revenues	$ 113,542,000		$ 277,065,000	328,276,000	$ 550,278,000
International [Member]
Basis Of Presentation [Line Items]
Decrease in rigs	20.00%
Number of rigs \| item	834	1,074
Arita Energy, Inc. [Member]
Basis Of Presentation [Line Items]
Debt consent payment				6,350,000
Arita Energy, Inc. [Member] \| Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt consent payment				$ 0
Original Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Senior notes							$ 800,000,000.0
Stated interest rate	7.125%			7.125%			7.125%
New Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 800,000,000			$ 800,000,000
Stated interest rate	7.125%			7.125%			7.125%
New Senior Unsecured Notes Due 2021 [Member] \| Maximum [Member]
Basis Of Presentation [Line Items]
Debt issuance							$ 635,000,000.0
Arita Secured Notes [Member] \| Arita Energy, Inc. [Member] \| Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 0			$ 0
Stated interest rate	9.75%			9.75%
Superior Secured Notes [Member] \| Arita Energy, Inc. [Member] \| Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 0			$ 0
Stated interest rate	8.75%			8.75%
Termination Exchange [Member] \| Arita Energy, Inc. [Member] \| Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Stated interest rate	7.125%			7.125%
Subsequent Event [Member] \| Revolving Credit Facility [Member]
Basis Of Presentation [Line Items]
Maximum borrowing capacity						$ 100,000,000
Restricted Cash						25,000,000
Current borrowing capacity						$ 37,500,000

Revenue (Narrative) (Details)	6 Months Ended
Revenue (Narrative) (Details)	Jun. 30, 2020
Payment term	30 days
Maximum [Member]
Performance obligation satisfaction period	30 days

Revenue (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 183,853	$ 321,500	$ 367,438	$ 505,350	$ 732,712
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	67,350		100,682	171,343	201,761
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	21,180		94,618	82,398	197,754
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,493		103,002	155,997	206,452
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	40,830		69,136	95,612	126,745
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,981		194,078	189,658	398,019
U.S. Land [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,538		47,267	56,194	95,483
U.S. Land [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	21,180		94,618	82,398	197,754
U.S. Land [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,097		38,808	41,763	79,475
U.S. Land [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,166		13,385	9,303	25,307
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	58,561		82,987	138,618	152,259
U.S. Offshore [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	28,587		28,085	65,811	57,153
U.S. Offshore [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,363		21,410	17,663	40,682
U.S. Offshore [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	23,611		33,492	55,144	54,424
International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	70,311		90,373	177,074	182,434
International [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,225		25,330	49,338	49,125
International [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	37,033		42,784	96,571	86,295
International [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 14,053		$ 22,259	$ 31,165	$ 47,014

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 4
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-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 183,853	$ 321,500	$ 367,438	$ 505,350	$ 732,712
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	67,350		100,682	171,343	201,761
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	21,180		94,618	82,398	197,754
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,493		103,002	155,997	206,452
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	40,830		69,136	95,612	126,745
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	90,609		238,435	270,845	477,708
Services [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	13,013		15,203	27,589	34,162
Services [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,712		85,519	73,816	178,033
Services [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	39,737		89,476	122,531	177,470
Services [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	18,147		48,237	46,909	88,043
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total revenues	53,339		92,011	153,444	183,048
Rentals [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	44,573		72,634	122,402	142,592
Rentals [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,468		9,099	8,582	19,721
Rentals [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	5,072		7,250	13,860	15,852
Rentals [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,226		3,028	8,600	4,883
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues	39,905		36,992	81,061	71,956
Product Sales [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,764		12,845	21,352	25,007
Product Sales [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,684		6,276	19,606	13,130
Product Sales [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 20,457		$ 17,871	$ 40,103	$ 33,819

- Definition

+ References

+ Details

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory [Abstract]
Finished goods	$ 44,783	$ 45,127
Raw materials	14,274	16,130
Work-in-process	8,523	9,360
Supplies and consumables	38,059	33,322
Total	$ 105,639	$ 103,939

Notes Receivable (Details) - USD ($) $ in Millions	6 Months Ended
Notes Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019
Notes Receivable [Abstract]
Amount of notes receivable	$ 115.0
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 2.3	$ 2.0

Debt (Narrative) (Details) - USD ($)	Aug. 05, 2020	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Current borrowing capacity		$ 127,800,000
Letters of Credit Outstanding, Amount		115,400,000
Revolving Credit Facility [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000
Restricted Cash	25,000,000
Current borrowing capacity	$ 37,500,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 40,000,000.0	$ 25,000,000.0
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes			$ 800,000,000.0
Stated interest rate on unsecured senior notes		7.125%	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt issuance		$ 800,000,000
Stated interest rate on unsecured senior notes		7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt issuance		$ 500,000,000
Stated interest rate on unsecured senior notes		7.75%

Debt (Schedule Of Long Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt, gross	$ 1,300,000	$ 1,300,000
Unamortized debt issuance costs	(11,337)	(13,371)
Total debt, net	1,288,663	1,286,629
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 500,000	$ 500,000
Stated interest rate	7.75%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	7.125%	7.125%
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 800,000	$ 800,000
Stated interest rate	7.125%	7.125%

Decommissioning Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities	$ 139.4	$ 136.3

Leases (Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Long-term fixed lease expense	$ 6,538	$ 8,414	$ 14,011	$ 16,565
Long-term variable lease expense	76	94	200	181
Short-term lease expense	2,100	4,593	6,523	9,871
Total operating lease expense	$ 8,714	$ 13,101	$ 20,734	$ 26,617

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Operating lease ROU assets	$ 71,376		$ 80,906
Accrued expenses	19,427		21,072
Operating lease liabilities	54,087		62,354
Total operating lease liabilities	$ 73,514		$ 83,426
Weighted average remaining lease term	9 years		9 years
Weighted average discount rate	6.53%		6.75%
Cash paid for operating leases	$ 14,409	$ 17,435
ROU assets obtained in exchange for lease obligations	$ 2,996	$ 16,150

Leases (Maturities Of Operating Lease Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 13,898
2021	21,890
2022	14,580
2023	11,020
2024	8,049
Thereafter	47,073
Total lease payments	116,510
Less imputed interest	(42,996)
Total	$ 73,514	$ 83,426

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	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 458,109	$ 1,021,300
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, net	13,930	15,499
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,686	1,372
Other long-term liabilities	19,039	23,466
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	458,109	1,021,300
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, net	13,930	15,499
Level 2 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,686	1,372
Other long-term liabilities	$ 19,039	$ 23,466

Fair Value Measurements (Fair Value Measurements Used In Testing) (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Fair Value Measurements Used In Testing [Line Items]
Impairment, Property, plant and equipment, net	$ 16,522
Fair Value, Property, plant and equipment, net	$ 13,593

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 183,853	$ 321,500	$ 367,438	$ 505,350	$ 732,712
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	128,803		229,532	340,489	469,585
Depreciation, depletion, amortization and accretion	36,786		51,271	78,141	107,614
General and administrative expenses	59,707		71,038	124,864	142,150
Reduction in value of assets			7,556	16,522	7,556
Income (loss) from operations	(41,443)		8,041	(54,666)	5,807
Interest income (expense), net	(24,749)		(24,650)	(49,883)	(49,771)
Other income (expense):	821		490	(3,411)	(1,122)
Loss from continuing operations before income taxes	(65,371)		(16,119)	(107,960)	(45,086)
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Revenues	67,350		100,682	171,343	201,761
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	22,486		37,864	57,449	80,069
Depreciation, depletion, amortization and accretion	15,828		21,490	33,618	44,516
General and administrative expenses	10,928		15,241	25,441	29,810
Income (loss) from operations	18,108		26,087	54,835	47,366
Loss from continuing operations before income taxes	18,108		26,087	54,835	47,366
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Revenues	21,180		94,618	82,398	197,754
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	24,242		74,088	76,831	155,777
Depreciation, depletion, amortization and accretion	5,514		9,440	11,827	21,087
General and administrative expenses	4,002		8,059	9,316	15,901
Reduction in value of assets			7,556		7,556
Income (loss) from operations	(12,578)		(4,525)	(15,576)	(2,567)
Loss from continuing operations before income taxes	(12,578)		(4,525)	(15,576)	(2,567)
Production Services [Member]
Segment Reporting Information [Line Items]
Revenues	54,493		103,002	155,997	206,452
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	48,897		78,418	131,509	158,299
Depreciation, depletion, amortization and accretion	10,182		13,172	21,020	27,312
General and administrative expenses	6,576		7,970	14,431	15,782
Reduction in value of assets				4,096
Income (loss) from operations	(11,162)		3,442	(15,059)	5,059
Loss from continuing operations before income taxes	(11,162)		3,442	(15,059)	5,059
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	40,830		69,136	95,612	126,745
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	33,178		39,162	74,700	75,440
Depreciation, depletion, amortization and accretion	4,335		5,979	9,680	12,289
General and administrative expenses	10,209		15,522	24,200	31,459
Reduction in value of assets				12,426
Income (loss) from operations	(6,892)		8,473	(25,394)	7,557
Interest income (expense), net	1,104		1,035	2,277	2,053
Loss from continuing operations before income taxes	(5,788)		9,508	(23,117)	9,610
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	927		1,190	1,996	2,410
General and administrative expenses	27,992		24,246	51,476	49,198
Income (loss) from operations	(28,919)		(25,436)	(53,472)	(51,608)
Interest income (expense), net	(25,853)		(25,685)	(52,160)	(51,824)
Other income (expense):	821		490	(3,411)	(1,122)
Loss from continuing operations before income taxes	$ (53,951)		$ (50,631)	$ (109,043)	$ (104,554)

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Identifiable Assets	$ 1,734,440	$ 1,993,230
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	684,206	659,621
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	294,324	467,697
Production Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	393,918	421,848
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	298,791	377,627
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 63,201	$ 66,437

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 825
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Segment Information (Revenue By Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 183,853	$ 321,500	$ 367,438	$ 505,350	$ 732,712
Long-lived assets	599,114			599,114		$ 664,949
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	113,542		277,065	328,276	550,278
Long-lived assets	430,322			430,322		489,189
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	70,311		$ 90,373	177,074	$ 182,434
Long-lived assets	$ 168,792			$ 168,792		$ 175,760

- Definition

+ References

+ Details

Reduction in Value of Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	$ 7,556	$ 16,522	$ 7,556
Production Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets		4,096
Technical Solutions [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets		$ 12,426

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Awards, Excluding ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 7.3	$ 13.4

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Income Taxes [Abstract]
CARES Act, Expected refund	$ 30.5
Unrecorded tax benefits	$ 13.2	$ 13.2

Contingencies (Details) $ in Millions	6 Months Ended
Contingencies (Details) $ in Millions	Jun. 30, 2020 USD ($) plaintiff
Number of people involved in lawsuit \| plaintiff	2
Maximum [Member]
Potential loss in lawsuit \| $	$ 7.4

Supplemental Guarantor Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2020 USD ($)
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%
SESI LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Subsidiary ownership	100.00%

Supplemental Guarantor Information (Summarized Balance Sheets Information) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Current assets	$ 807,832	$ 988,369
Total assets	1,734,440	1,993,230
Current liabilities	222,866	324,487
Obligor Group [Member]
Condensed Financial Statements, Captions [Line Items]
Current assets	623,773	789,562
Noncurrent assets	1,061,345	1,134,238
Total assets	1,685,118	1,923,800
Current liabilities	171,181	261,743
Noncurrent liabilities	2,051,127	2,039,138
Total liabilities	$ 2,222,308	$ 2,300,881

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References + Details

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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Amount of obligation due after one year or beyond the normal operating cycle, if longer.

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Supplemental Guarantor Information (Summarized Statements of Operations Information) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Total revenues	$ 183,853	$ 321,500	$ 367,438		$ 505,350	$ 732,712
Cost of revenues	128,803		229,532		340,489	469,585
Loss from operations before income taxes	(65,371)		(16,119)		(107,960)	(45,086)
Income taxes	(6,508)		2,322		(16,762)	5,999
Net loss from continuing operations	(58,863)		(18,441)		(91,198)	(51,085)
Loss from discontinued operations, net of tax	(6,243)		(52,609)		(53,372)	(67,670)
Net loss	$ (65,106)	$ (79,464)	$ (71,050)	$ (47,705)	(144,570)	$ (118,755)
Obligor Group [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenues					383,741		$ 1,126,456
Cost of revenues					257,155		723,451
Loss from operations before income taxes					(90,352)		(92,731)
Income taxes					(17,999)		6,102
Net loss from continuing operations					(72,353)		(98,833)
Loss from discontinued operations, net of tax					(53,372)		(177,968)
Net loss					$ (125,725)		$ (276,801)

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Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.

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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.

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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- Definition

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

Discontinued Operations (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Discontinued Operations [Abstract]
Reduction in value of assets held for sale	$ 49,361

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 214	$ 68,877
Cost of services	1,073	66,896
Loss from discontinued operations before tax	(3,144)	(46,737)
Loss from discontinued operations, net of income tax	$ (6,243)	$ (52,609)	$ (53,372)	$ (67,670)
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues			468	170,779
Cost of services			6,532	157,006
Loss from discontinued operations before tax			(62,795)	(63,774)
Loss from discontinued operations, net of income tax			$ (53,372)	$ (67,670)

- 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.

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- Definition

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Discontinued Operations (Assets And Liabilities Of Discontinued Operation) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	$ 116,163	$ 216,197
Total liabilities	7,252	44,938
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	552	25,106
Other current assets	2,377	6,215
Total current assets	2,929	31,321
Property, plant and equipment, net	112,853	179,144
Operating lease ROU assets	381	5,732
Total assets	116,163	216,197
Accounts payable	349	14,370
Accrued expenses	3,745	24,751
Total current liabilities	4,094	39,121
Operating lease liabilities	2,756	5,415
Other long-term liabilities	402	402
Total liabilities	$ 7,252	$ 44,938

Discontinued Operations (Schedule Of Cash Flows From Discontinued Operations) (Details) - Pumpco [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization		$ 50,043
Reduction in value of assets	$ 49,361	23,824
Payments for capital expenditures		(27,154)
Proceeds from sales of assets	$ 11,590	$ 926