0000950170-23-037036 | 10-Q | XBRL Viewer | Superior Energy Services INC

Decommissioning Liability (Tables)

6 Months Ended

Jun. 30, 2023

Asset Retirement Obligation Disclosure [Abstract]

The following table presents our total decommissioning liability as of the periods indicated:


	June 30, 2023			December 31, 2022
Wells	$	93,564		$	96,171
Platform		66,356			64,500
Total decommissioning liability		159,920			160,671
Note receivable		(71,581	)		(69,679	)
Total decommissioning liability, net of note receivable	$	88,339		$	90,992

Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

(6) Property, Plant and Equipment, Net

A summary of property, plant and equipment, net is as follows:


	June 30, 2023			December 31, 2022
Machinery and equipment	$	413,937		$	378,907
Buildings, improvements and leasehold improvements		70,394			70,816
Automobiles, trucks, tractors and trailers		6,546			6,376
Furniture and fixtures		19,384			19,373
Construction-in-progress		11,756			5,185
Land		26,698			26,695
Oil and gas producing assets		12,339			11,714
Total		561,054			519,066
Accumulated depreciation and depletion		(262,487	)		(236,690	)
Property, plant and equipment, net	$	298,567		$	282,376

Depreciation and depletion expense associated with our property, plant and equipment for the three and six months ended June 30, 2023 was $18.0 million and $35.6 million, respectively. For the three and six months ended June 30, 2022, depreciation and depletion expense associated with our property, plant and equipment was $20.4 million and $51.6 million, respectively.

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (Unaudited)	Dec. 31, 2022 $ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends ($12.45 per share)	$ 12.45

Stock-Based Compensation Plans - Issuances Under Management Incentive Plan (Details) - Management Incentive Plan [Member] - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, Beginning balance	228,188	126,865
Granted		72,050
Vested	(106,357)	(25,423)
Awards outstanding, Ending balance	121,831	173,492
Unamortized grant date fair value, Beginning balance	8,200,000	3,800,000
Unamortized grant date fair value, Ending balance	6,100,000	6,300,000
June 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, Beginning balance	29,976	76,269
Granted		0
Vested	(14,988)	(25,423)
Awards outstanding, Ending balance	14,988	50,846
Estimated grant date fair value	$ 39,530	$ 39,530
Unamortized grant date fair value, Beginning balance	900,000	2,400,000
Unamortized grant date fair value, Ending balance	500,000	1,800,000
July/August 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, Beginning balance	37,947	50,596
Granted		0
Vested	(37,947)
Awards outstanding, Ending balance	0	50,596
Estimated grant date fair value	$ 39,530	$ 39,530
Unamortized grant date fair value, Beginning balance	0	1,400,000
Unamortized grant date fair value, Ending balance	0	600,000
March 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, Beginning balance	72,050	0
Granted		72,050
Vested	(24,017)
Awards outstanding, Ending balance	48,033	72,050
Estimated grant date fair value	$ 58,800	$ 58,800
Unamortized grant date fair value, Beginning balance	3,100,000	0
Unamortized grant date fair value, Ending balance	2,400,000	3,900,000
July 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, Beginning balance	88,215
Vested	(29,405)
Awards outstanding, Ending balance	58,810
Estimated grant date fair value	$ 58,800
Unamortized grant date fair value, Beginning balance	4,200,000
Unamortized grant date fair value, Ending balance	3,200,000

Inventory (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods inventory	$ 22.2	$ 20.7

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation, depletion, amortization and accretion	$ 20,621	$ 23,346	$ 40,760	$ 57,431
General and administrative expenses	31,177	30,231	62,167	62,249
Other (gains) and losses, net	47	(18,013)	(1,351)	(16,866)
Income from operations	71,874	66,445	122,576	83,190
Other income (expense)	(1,836)	(13,471)	(3,988)	476
Income (loss) from discontinued operations, net of income tax	(9)	(1,944)	280	(205)
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative expenses	(72)	1,711	389	5,453
Other (gains) and losses, net	79	750	(748)	(5,193)
Income (loss) from discontinued operations before tax	(7)	(2,461)	359	(260)
Income tax benefit (expense)	(2)	517	(79)	55
Income (loss) from discontinued operations, net of income tax	$ (9)	$ (1,944)	$ 280	$ (205)

Stock-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issuances Under Management Incentive Plan

The following sets forth issuances under the MIP for the six months ended June 30, 2023 and 2022:


	Grants of Share-Based Awards
				July/
	June			August			March			July
	2021			2021			2022			2022			Total
Awards outstanding, December 31, 2022		29,976			37,947			72,050			88,215			228,188
Vested		(14,988	)		(37,947	)		(24,017	)		(29,405	)		(106,357	)
Awards outstanding, June 30, 2023		14,988			-			48,033			58,810			121,831

Estimated grant date fair value	$	39.53		$	39.53		$	58.80		$	58.80

Unamortized grant date fair value, December 31, 2022 (in millions)	$	0.9		$	-		$	3.1		$	4.2		$	8.2
Unamortized grant date fair value, June 30, 2023 (in millions)	$	0.5		$	-		$	2.4		$	3.2		$	6.1


	Grants of Share-Based Awards
				July/
	June			August		March
	2021			2021		2022		Total
Awards outstanding, December 31, 2021		76,269			50,596		-		126,865
Granted		-			-		72,050		72,050
Vested		(25,423	)		-		-		(25,423	)
Awards outstanding, June 30, 2022		50,846			50,596		72,050		173,492

Estimated grant date fair value	$	39.53		$	39.53	$	58.80

Unamortized grant date fair value, December 31, 2021 (in millions)	$	2.4		$	1.4	$	-	$	3.8
Unamortized grant date fair value, June 30, 2022 (in millions)	$	1.8		$	0.6	$	3.9	$	6.3

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The table below is a reconciliation of cash, cash equivalents and restricted cash for the beginning and the end of the periods presented:


	June 30,
	2023		2022
Cash and cash equivalents	$	258,999	$	314,974
Restricted cash-non-current		80,108		79,561
Cash, cash equivalents, and restricted cash, beginning of period	$	339,107	$	394,535

Cash and cash equivalents	$	330,129	$	391,219
Restricted cash-non-current		80,318		79,595
Cash, cash equivalents, and restricted cash, end of period	$	410,447	$	470,814

Fair Value Measurements

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [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:


	June 30, 2023		December 31, 2022
Non-qualified deferred compensation assets and liabilities
Other long-term assets, net	$	16,637	$	16,299
Accrued expenses		1,758		1,831
Other long-term liabilities		14,927		15,855

Our non-qualified deferred compensation plans 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 a Level 2 in the fair value hierarchy.

The carrying amount of cash equivalents, accounts receivable, accounts payable and accrued expenses, as reflected in the consolidated balance sheets, approximates fair value due to the short maturities.

- 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

Earnings Per Share (Summary of weighted average number of shares for basic and diluted earnings per share) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Weighted-average shares outstanding - basic	20,126	20,024	20,116	20,011
Potentially dilutive stock awards and units	17	52	20	54
Weighted-average shares outstanding - diluted	20,143	20,076	20,136	20,065

- Definition

Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of contingently issuable shares. Contingently issuable shares are those shares that are issuable for little or no cash contingent on certain conditions being met.

+ References

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+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

(14) Earnings per Share

Our common equity consists of Class A Common Stock and Class B Common Stock (the “Common Stock”).

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 using the weighted average number of Common Stock outstanding during the period plus any potentially dilutive Common Stock, such as restricted stock awards, restricted stock units, and performance-based units calculated using the treasury stock method.

The following table presents the reconciliation between the weighted average number of shares for basic and diluted earnings per share.


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Weighted-average shares outstanding - basic		20,126		20,024		20,116		20,011
Potentially dilutive stock awards and units		17		52		20		54
Weighted-average shares outstanding - diluted		20,143		20,076		20,136		20,065

Inventory

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Inventory

(3) Inventory

Inventories are stated at the lower of cost or net realizable value. We apply net realizable value and obsolescence to the gross value of inventory. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables consist principally of products used in the services provided to our customers. The components of inventory balances are as follows:


	June 30, 2023		December 31, 2022
Finished goods	$	45,319	$	36,136
Raw materials		7,898		8,351
Work-in-process		13,759		4,718
Supplies and consumables		15,921		16,382
Total	$	82,897	$	65,587

Finished goods inventory includes component parts awaiting assembly of approximately $22.2 million and $20.7 million as of June 30, 2023 and December 31, 2022, respectively.

Fair Value Measurements (Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - Non Qualified Deferred Compensation Assets and Liabilities [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other long-term assets, net	$ 16,637	$ 16,299
Accrued expense	1,758	1,831
Other long-term liabilities	$ 14,927	$ 15,855

Property, Plant and Equipment, Net (Summary Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 561,054	$ 519,066
Accumulated depreciation and depletion	(262,487)	(236,690)
Property, plant and equipment, net	298,567	282,376
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	413,937	378,907
Buildings, Improvements And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	70,394	70,816
Automobiles, Trucks, Tractors and Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,546	6,376
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,384	19,373
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,756	5,185
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	26,698	26,695
Oil and Gas Producing Assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 12,339	$ 11,714

Revenue and Accounts Receivable

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue and Accounts Receivable

(2) Revenue and Accounts Receivable

Disaggregation of Revenue

The following table presents our revenues by segment disaggregated by geography:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
U.S. land
Rentals	$	44,730	$	43,791	$	89,863	$	77,753
Well Services		5,806		4,151		12,161		8,699
Total U.S. land		50,536		47,942		102,024		86,452

U.S. offshore
Rentals		37,516		36,331		73,186		69,084
Well Services		23,405		32,569		39,726		60,890
Total U.S. offshore		60,921		68,900		112,912		129,974

International
Rentals		30,165		23,607		58,183		45,648
Well Services		102,851		84,191		191,491		160,496
Total International		133,016		107,798		249,674		206,144
Total Revenues	$	244,473	$	224,640	$	464,610	$	422,570

The following table presents our revenues by segment disaggregated by type:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Services
Rentals	$	17,875	$	12,654	$	35,020	$	23,812
Well Services		88,255		87,412		164,400		167,693
Total Services		106,130		100,066		199,420		191,505

Rentals
Rentals		81,647		73,563		163,722		138,810
Well Services		3,714		3,430		7,249		5,345
Total Rentals		85,361		76,993		170,971		144,155

Product Sales
Rentals		12,889		17,512		22,490		29,863
Well Services		40,093		30,069		71,729		57,047
Total Product Sales		52,982		47,581		94,219		86,910
Total Revenues	$	244,473	$	224,640	$	464,610	$	422,570

Accounts Receivable

Trade accounts receivable are recorded at the invoiced amount or the earned amount but not yet invoiced and do not bear interest. We maintain an allowance for credit losses based on our best estimate of probable uncollectible amounts in existing accounts receivable. Adjustments to the allowance for credit losses in future periods may be made based on changing customer conditions. Our allowance for credit losses as of June 30, 2023 and December 31, 2022 was approximately $6.5 million and $6.1 million, respectively.

- 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

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+ Details

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 244,473	$ 224,640	$ 464,610	$ 422,570
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	120,754	120,968	238,475	233,348
Depreciation, depletion, amortization and accretion	20,621	23,346	40,760	57,431
General and administrative expenses	31,177	30,231	62,167	62,249
Restructuring expense	0	1,663	1,983	3,218
Other (gains) and losses, net	47	(18,013)	(1,351)	(16,866)
Income (loss) from operations	71,874	66,445	122,576	83,190
Rentals [Member]
Segment Reporting Information [Line Items]
Total revenues	112,411	103,729	221,232	192,485
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	35,021	35,860	71,489	67,612
Depreciation, depletion, amortization and accretion	12,553	12,556	24,721	33,545
General and administrative expenses	6,993	6,559	14,195	13,924
Other (gains) and losses, net	(262)	195	(293)	60
Income (loss) from operations	58,106	48,559	111,120	77,344
Well Services [Member]
Segment Reporting Information [Line Items]
Total revenues	132,062	120,911	243,378	230,085
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	85,733	85,108	166,986	165,736
Depreciation, depletion, amortization and accretion	7,204	9,662	14,281	21,390
General and administrative expenses	11,391	11,202	22,890	22,603
Other (gains) and losses, net	309	(18,208)	(1,058)	(16,926)
Income (loss) from operations	27,425	33,147	40,279	37,282
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	864	1,128	1,758	2,496
General and administrative expenses	12,793	12,470	25,082	25,722
Restructuring expense		1,663	1,983	3,218
Income (loss) from operations	$ (13,657)	$ (15,261)	$ (28,823)	$ (31,436)

Inventory (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Schedule of Components of Inventory

The components of inventory balances are as follows:


	June 30, 2023		December 31, 2022
Finished goods	$	45,319	$	36,136
Raw materials		7,898		8,351
Work-in-process		13,759		4,718
Supplies and consumables		15,921		16,382
Total	$	82,897	$	65,587

Discontinued Operations (Assets And Liabilities Of Discontinued Operation) (Details) - Pumpco Member - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	$ 0	$ 350
Property, plant and equipment, net	1,355	11,468
Other assets	14	160
Total assets held for sale	1,369	11,978
Accounts payable	0	86
Accrued expenses	3,090	3,192
Other liabilities	0	71
Total liabilities held for sale	$ 3,090	$ 3,349

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 97,608	$ 67,344
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation, depletion, amortization and accretion	40,760	57,431
Deferred income taxes	23,795	1,687
Stock based compensation expense	2,076	1,543
Bad debt	668	(920)
Gain on sale of equity securities	0	(3,611)
Unrealized gain on investment in equity securities	0	(544)
Other (gains) and losses, net	(2,100)	(23,296)
Washington State Tax Settlement	(27,068)	0
Decommissioning costs	(2,878)	0
Other reconciling items, net	(1,648)	2,783
Changes in operating assets and liabilities:
Accounts receivable	(506)	(26,362)
Prepaid expenses	(1,992)	(2,652)
Inventory and other current assets	(19,464)	(5,358)
Accounts payable	16,707	(1,986)
Accrued expenses	(18,399)	144
Income taxes	2,129	2,185
Other, net	(6,753)	(144)
Net cash from operating activities	102,935	68,244
Cash flows from investing activities:
Payments for capital expenditures	(45,626)	(20,514)
Proceeds from sales of assets	15,147	15,183
Proceeds from sales of equity securities	0	13,366
Net cash from investing activities	(30,479)	8,035
Cash flows from financing activities:
Tax withholdings for vested restricted stock units	(1,116)	0
Net cash from financing activities	(1,116)	0
Net change in cash, cash equivalents, and restricted cash	71,340	76,279
Cash, cash equivalents, and restricted cash at beginning of period	339,107	394,535
Cash, cash equivalents, and restricted cash at end of period	$ 410,447	$ 470,814

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member] Common Class A [Member]	Additional Paid-in Capital [Member] Common Class B [Member]	Accumulated Deficit [Member]
Beginning balance, value at Dec. 31, 2021	$ 741,733	$ 200	$ 1	$ 902,486	$ 1,224	$ (162,178)
Beginning balance, shares at Dec. 31, 2021		19,999	76
Net income	286,465					286,465
Cash dividends	(249,986)					(249,986)
Stock-based compensation expense, net	4,807				4,807
Restricted stock units vested, Shares			10
Shares withheld and retired, value	(135)				(135)
Shares withheld and retired, shares			(2)
Shares placed in treasury, shares			(4)
Ending balance, value at Dec. 31, 2022	782,884	$ 200	$ 1	902,486	5,896	(125,699)
Ending balance, shares at Dec. 31, 2022		19,999	80
Net income	30,213					30,213
Stock-based compensation expense, net	1,052				1,052
Restricted stock units vested, Shares			91
Restricted stock units vested, Value			$ 1		(1)
Shares withheld and retired, value	(1,116)				(1,116)
Shares withheld and retired, shares			(19)
Ending balance, value at Mar. 31, 2023	813,033	$ 200	$ 2	902,486	5,831	(95,486)
Ending balance, shares at Mar. 31, 2023		19,999	152
Beginning balance, value at Dec. 31, 2022	782,884	$ 200	$ 1	902,486	5,896	(125,699)
Beginning balance, shares at Dec. 31, 2022		19,999	80
Net income	97,608
Ending balance, value at Jun. 30, 2023	881,452	$ 200	$ 2	902,486	6,855	(28,091)
Ending balance, shares at Jun. 30, 2023		19,999	152
Beginning balance, value at Mar. 31, 2023	813,033	$ 200	$ 2	902,486	5,831	(95,486)
Beginning balance, shares at Mar. 31, 2023		19,999	152
Net income	67,395					67,395
Stock-based compensation expense, net	1,024				1,024
Ending balance, value at Jun. 30, 2023	$ 881,452	$ 200	$ 2	$ 902,486	$ 6,855	$ (28,091)
Ending balance, shares at Jun. 30, 2023		19,999	152

Other (Gains) and Losses (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Gain(Loss) on the disposal of assets	$ 18.0	$ 1.4	$ 16.9
Decommissioning liability		$ 53.0
Financing Receivable, before Allowance for Credit Loss, Noncurrent	2.6		2.6
Capitalized Costs, Asset Retirement Costs	$ 38.2		38.2
Gain Recognized from Changes in Cost and Timing			$ 17.4

Other (Gains) and Losses

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Other (Gains) and Losses

(10) Other (Gains) and Losses

Other (gains) and losses, net include gains and losses on the disposal of assets as well as impairments, if any, related to long-lived assets. During the three months ended June 30, 2023, other losses were immaterial. During the six months ended June 30, 2023, we recognized net gains of $1.4 million. During the three and six months ended June 30, 2022, we recognized net gains of $18.0 million and $16.9 million, respectively.

During the second quarter of 2022, we undertook an initiative to alter our decommissioning program, whereby we intend to convert the platform into an artificial reef (“reef-in-place”). Converting to a reef-in-place program reduced the estimated costs associated with decommissioning the wells and platform, and also impacted the time required to complete the decommissioning activities.

The reduction in cost estimates resulted in a reduction in the carrying value of our decommissioning liability and related note receivable as well as impacted the carrying value of our oil and gas producing assets, such that as of June 30, 2022, our decommissioning liability was reduced by $53.0 million and the related note receivable was increased by $2.6 million. In accordance with ASC 410, the carrying value of our oil and gas producing assets was reduced by $38.2 million, which represented the net book value of our oil and gas assets at June 30, 2022. In connection with these changes, we recognized a gain of approximately $17.4 million, which is included in other (gains) and losses, net in our statement of operations.

Stock-Based Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restricted Stock Units (RSUs) [Member] \| Equal Installments [Member]
Cancelled stock incentive plans
Share-based payment vesting period, years			3 years
Performance Share Units [Member] \| Minimum [Member]
Cancelled stock incentive plans
Percentage of achievement of share price based on target award			25.00%
Performance Share Units [Member] \| Maximum [Member]
Cancelled stock incentive plans
Percentage of achievement of share price based on target award			100.00%
Restricted Stock Awards (RSAs) [Member]
Cancelled stock incentive plans
Compensation expense	$ 1.0	$ 1.0	$ 2.1	$ 1.5
Management Incentive Plan [Member]
Cancelled stock incentive plans
Common stock reserved for issuance	1,999,869		1,999,869
Common stock, par value	$ 0.01		$ 0.01

Contingencies (Narrative) (Details) $ in Millions	May 31, 2023 USD ($)
Whatcom County Superior Court [Member]
Loss Contingencies [Line Items]
Tax assessment	$ 27.1

Revenue and Accounts Receivable (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts	$ 6.5	$ 6.1

Contingencies

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Contingencies

(15) Contingencies

Due to the nature of our business, we are involved, from time to time, in various routine litigation or subject to disputes or claims or actions, including those commercial in nature, regarding our business activities in the ordinary course of business. Legal costs related to these matters are expensed as incurred. Management is of the opinion that none of the claims and actions will have a material adverse impact on our financial position, results of operations or cash flows.

As previously reported in the Form 10-K and Form 10-Q for the quarter ended March 31, 2023, we are currently involved in legal proceedings with the Washington State Department of Revenue in relation to a dispute arising in April 2019 pertaining to a use tax assessment from 2016 as a result of the construction of a vessel by one of our subsidiaries. The matter was appealed to the Washington State Board of Tax Appeals, which affirmed the assessment on May 22, 2023. On June 20, 2023, we appealed this decision to Whatcom County Superior Court where it is currently pending review. In order to appeal the assessment to Whatcom County Superior Court, we paid the full $27.1 million assessment on May 31, 2023.

Decommissioning Liabilities

6 Months Ended

Jun. 30, 2023

Asset Retirement Obligation Disclosure [Abstract]

Decommissioning Liability

(4) Decommissioning Liability

We account for our decommissioning liability under ASC 410 – Asset Retirement Obligations. Our decommissioning liability is associated with our oil and gas property and includes costs related to the plugging of wells, decommissioning of the related platform and equipment and site restoration. We review the adequacy of our decommissioning liability whenever indicators suggest that the estimated cash flows and/or relating timing needed to satisfy the liability have changed materially.

The following table presents our total decommissioning liability as of the periods indicated:


	June 30, 2023			December 31, 2022
Wells	$	93,564		$	96,171
Platform		66,356			64,500
Total decommissioning liability		159,920			160,671
Note receivable		(71,581	)		(69,679	)
Total decommissioning liability, net of note receivable	$	88,339		$	90,992

Accretion expense for the three and six months ended June 30, 2023 was $2.4 million and $4.7 million, respectively, and $2.7 million and $5.4 million for the three and six months ended June 30, 2022, respectively. Additionally, during the six months ended June 30, 2023, we incurred well decommissioning costs of $5.5 million.

Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues [Abstract]
Total revenues	$ 244,473	$ 224,640	$ 464,610	$ 422,570
Costs and expenses:
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	120,754	120,968	238,475	233,348
Depreciation, depletion, amortization and accretion	20,621	23,346	40,760	57,431
General and administrative expenses	31,177	30,231	62,167	62,249
Restructuring expense	0	1,663	1,983	3,218
Other (gains) and losses, net	47	(18,013)	(1,351)	(16,866)
Income from operations	71,874	66,445	122,576	83,190
Other income (expense):
Interest income , net	6,513	1,459	11,952	2,638
Other income (expense)	(1,836)	(13,471)	(3,988)	476
Income from continuing operations before income taxes	76,551	54,433	130,540	86,304
Income tax expense	(9,147)	(10,871)	(33,212)	(18,755)
Net income from continuing operations	67,404	43,562	97,328	67,549
Income (loss) from discontinued operations, net of income tax	(9)	(1,944)	280	(205)
Net income	$ 67,395	$ 41,618	$ 97,608	$ 67,344
Income (loss) per share -basic
Net income from continuing operations	$ 3.35	$ 2.18	$ 4.84	$ 3.38
Income (loss) from discontinued operations, net of income tax	0	(0.10)	0.01	(0.01)
Net income (loss)	3.35	2.08	4.85	3.37
Income (loss) per share - diluted:
Net income from continuing operations	3.35	2.17	4.83	3.37
Income (loss) from discontinued operations, net of income tax	0	(0.10)	0.02	(0.01)
Net income	$ 3.35	$ 2.07	$ 4.85	$ 3.36
Weighted Average Number of Shares Outstanding, Basic	20,126	20,024	20,116	20,011
Weighted Average Number of Shares Outstanding, Diluted	20,143	20,076	20,136	20,065
Services [Member]
Revenues [Abstract]
Total revenues	$ 106,130	$ 100,066	$ 199,420	$ 191,505
Costs and expenses:
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	58,940	73,530	124,019	133,698
Depreciation, depletion, amortization and accretion	7,704	8,292	14,999	21,958
Rentals [Member]
Revenues [Abstract]
Total revenues	85,361	76,993	170,971	144,155
Costs and expenses:
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	30,314	24,235	59,362	48,848
Depreciation, depletion, amortization and accretion	6,165	6,492	12,859	16,529
Product Sales [Member]
Revenues [Abstract]
Total revenues	52,982	47,581	94,219	86,910
Costs and expenses:
Total cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	31,500	23,203	55,094	50,802
Depreciation, depletion, amortization and accretion	$ 6,752	$ 8,562	$ 12,902	$ 18,944

Inventory (Schedule of Components of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 45,319	$ 36,136
Raw materials	7,898	8,351
Work-in-process	13,759	4,718
Supplies and consumables	15,921	16,382
Total	$ 82,897	$ 65,587

Discontinued Operations

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

(16) Discontinued Operations

The following table summarizes the components of discontinued operations, net of tax:


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
General and administrative expenses	$	(72	)	$	1,711		$	389		$	5,453
Other (gains) and losses, net		79			750			(748	)		(5,193	)
Income (loss) from discontinued operations before tax		(7	)		(2,461	)		359			(260	)
Income tax benefit (expense)		(2	)		517			(79	)		55
Income (loss) from discontinued operations, net of income tax	$	(9	)	$	(1,944	)	$	280		$	(205	)

The following summarizes the assets and liabilities related to discontinued operations:


	June 30, 2023		December 31, 2022
Assets:
Accounts receivable, net	$	-	$	350
Property, plant and equipment, net		1,355		11,468
Other assets		14		160
Total assets held for sale	$	1,369	$	11,978

Liabilities:
Accounts payable	$	-	$	86
Accrued expenses		3,090		3,192
Other liabilities		-		71
Total liabilities held for sale	$	3,090	$	3,349

Significant operating non-cash items and cash flows from investing activities for our discontinued operations were as follows:


	For the Six Months Ended
	June 30,
	2023			2022
Cash flows from discontinued operating activities:
Other gains, net	$	(748	)	$	(5,193	)
Cash flows from discontinued investing activities:
Proceeds from sales of assets	$	11,308		$	13,861

Property, Plant and Equipment, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Depreciation and depletion expense	$ 18.0	$ 20.4	$ 35.6	$ 51.6

Revenue and Accounts Receivable (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total Revenues	$ 244,473	$ 224,640	$ 464,610	$ 422,570
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	112,411	103,729	221,232	192,485
Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	132,062	120,911	243,378	230,085
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	50,536	47,942	102,024	86,452
U.S. Land [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	44,730	43,791	89,863	77,753
U.S. Land [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	5,806	4,151	12,161	8,699
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	60,921	68,900	112,912	129,974
U.S. Offshore [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	37,516	36,331	73,186	69,084
U.S. Offshore [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	23,405	32,569	39,726	60,890
International [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	133,016	107,798	249,674	206,144
International [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	30,165	23,607	58,183	45,648
International [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	$ 102,851	$ 84,191	$ 191,491	$ 160,496

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue and Accounts Receivable (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total Revenues	$ 244,473	$ 224,640	$ 464,610	$ 422,570
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	112,411	103,729	221,232	192,485
Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	132,062	120,911	243,378	230,085
Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	106,130	100,066	199,420	191,505
Services [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	17,875	12,654	35,020	23,812
Services [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	88,255	87,412	164,400	167,693
Rentals Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	85,361	76,993	170,971	144,155
Rentals Services [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	81,647	73,563	163,722	138,810
Rentals Services [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	3,714	3,430	7,249	5,345
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	52,982	47,581	94,219	86,910
Product Sales [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	12,889	17,512	22,490	29,863
Product Sales [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	$ 40,093	$ 30,069	$ 71,729	$ 57,047

- Definition

+ References

+ Details

Property, Plant and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Summary Of Property, Plant And Equipment

A summary of property, plant and equipment, net is as follows:


	June 30, 2023			December 31, 2022
Machinery and equipment	$	413,937		$	378,907
Buildings, improvements and leasehold improvements		70,394			70,816
Automobiles, trucks, tractors and trailers		6,546			6,376
Furniture and fixtures		19,384			19,373
Construction-in-progress		11,756			5,185
Land		26,698			26,695
Oil and gas producing assets		12,339			11,714
Total		561,054			519,066
Accumulated depreciation and depletion		(262,487	)		(236,690	)
Property, plant and equipment, net	$	298,567		$	282,376

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 330,129	$ 258,999	$ 391,219	$ 314,974
Restricted cash-non-current	80,318	80,108	79,595	79,561
Cash, cash equivalents, and restricted cash	$ 410,447	$ 339,107	$ 470,814	$ 394,535

Summary Of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Recently Issued Accounting Standards

On January 1, 2023, we adopted Financial Accounting Standards Board (FASB) ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements, which replaces the incurred loss impairment methodology from previous U.S. GAAP with the Current Expected Credit losses model (CECL). The CECL model utilizes a lifetime expected credit loss measurement objective for the recognition of credit losses on financial instruments at the time the asset is originated or acquired. We estimate expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This updated guidance applies to (i) loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, and (ii) loan commitments and other off-balance sheet credit exposures. The adoption of this standard update did not have a material impact on our Condensed Consolidated Financial Statements.

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

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


	June 30, 2023		December 31, 2022
Non-qualified deferred compensation assets and liabilities
Other long-term assets, net	$	16,637	$	16,299
Accrued expenses		1,758		1,831
Other long-term liabilities		14,927		15,855

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 330,129	$ 258,999
Accounts receivable, net	249,479	249,808
Income taxes receivable	4,541	6,665
Prepaid expenses	19,291	17,299
Inventory	82,897	65,587
Other current assets	6,104	6,276
Assets held for sale	1,369	11,978
Total current assets	693,810	616,612
Property, plant and equipment, net	298,567	282,376
Note receivable	71,581	69,679
Restricted cash	80,318	80,108
Deferred tax assets	73,362	97,492
Other assets, net	42,978	44,745
Total assets	1,260,616	1,191,012
Current liabilities:
Accounts payable	58,865	31,570
Accrued expenses	100,416	116,575
Income taxes payable	11,687	11,682
Decommissioning liability	26,329	9,770
Liabilities held for sale	3,090	3,349
Total current liabilities	200,387	172,946
Decommissioning liability	133,591	150,901
Other liabilities	45,186	84,281
Total liabilities	379,164	408,128
Stockholders’ equity (deficit):
Accumulated deficit	(28,091)	(125,699)
Total stockholders' equity	881,452	782,884
Total liabilities and stockholders' equity	1,260,616	1,191,012
Common Class A [Member]
Stockholders’ equity (deficit):
Common Stock $0.001 par value	200	200
Additional paid in capital	902,486	902,486
Common Class B [Member]
Stockholders’ equity (deficit):
Common Stock $0.001 par value	2	1
Additional paid in capital	$ 6,855	$ 5,896

Note Receivable

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Note Receivable

(5) Note Receivable

Our note receivable consists of a commitment from the seller of oil and gas property for costs associated with abandonment. Pursuant to an agreement with the seller, we invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of the seller's obligation to us is $105.2 million and is recorded at its present value, which totaled $71.6 million as of June 30, 2023.

The discount on the note receivable is currently based on an effective interest rate of 5.6% and is amortized to interest income over the expected timing of the completion of the decommissioning activities, which are expected to be completed during the second quarter of 2031. Interest receivable is considered paid in kind and is compounded into the carrying amount of the note.

Non-cash interest income related to the note receivable for the three and six months ended June 30, 2023 was $0.9 million and $1.9 million, respectively. Non-cash interest income related to the note receivable for the three and six months ended June 30, 2022 was $1.0 million and $2.0 million, respectively. Interest income is included in other reconciling items, net in the Condensed Consolidated Statements of Cash Flows.

Other Income (Expense) (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt and Equity Securities, FV-NI [Line Items]
Unrealized gain (losses) on equity securities		$ (5.9)		$ 0.5
Disposal of equity securities		6.0		13.4
Gain loss on foreign currencies	$ 1.7	$ 10.5	$ 3.6	$ 4.9

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		21.00%	21.00%	21.00%
Current Foreign Tax Expense (Benefit)	$ 14,900
Effective Income Tax Rate Reconciliation, Percent	11.90%		20.00%	25.40%	21.70%
Income tax (expense) benefit	$ 9,147		$ 10,871	$ 33,212	$ 18,755
Unrecognized tax benefits	4,300			4,300		$ 14,000
Unrecognized tax benefits settlement due	$ 1,000			$ 1,000
Deferred income taxes		$ 7,600

- Definition

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

+ References + Details

Stock-Based Compensation Plans

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation Plans

(12) Stock-Based Compensation Plans

We have a Management Incentive Plan (“MIP”), which provides the issuance of up to 1,999,869 shares of our Class B common stock, par value $0.01 per share (the “Class B Common Stock”) for the grant of share-based and cash-based awards.

To date, grants under the MIP have been in the form of shares of Class B common stock (“RSAs”), restricted stock units which will be settled in Class B common stock upon the satisfaction of time-based vesting conditions (“RSUs”) and performance stock units which will be settled in Class B common stock upon the satisfaction of time and performance-based vesting conditions (“PSUs”).

The RSAs vest over a period of three years, subject to earlier vesting and forfeiture on terms and conditions set forth in the applicable award agreement. RSUs granted in 2022 generally vest in three equal annual installments over the three-year period, subject generally to continued employment and the other terms and conditions set forth in the forms of the RSU award agreements. RSUs granted in 2021 vested in full during the current quarter. PSUs may be earned between 25% and 100% of the target award based on achievement of share price goals set forth in the forms of the PSU award agreements and will vest to the extent that share price goals are achieved based on the terms and conditions set forth in the forms of the PSU award agreements.

The following sets forth issuances under the MIP for the six months ended June 30, 2023 and 2022:


	Grants of Share-Based Awards
				July/
	June			August			March			July
	2021			2021			2022			2022			Total
Awards outstanding, December 31, 2022		29,976			37,947			72,050			88,215			228,188
Vested		(14,988	)		(37,947	)		(24,017	)		(29,405	)		(106,357	)
Awards outstanding, June 30, 2023		14,988			-			48,033			58,810			121,831

Estimated grant date fair value	$	39.53		$	39.53		$	58.80		$	58.80

Unamortized grant date fair value, December 31, 2022 (in millions)	$	0.9		$	-		$	3.1		$	4.2		$	8.2
Unamortized grant date fair value, June 30, 2023 (in millions)	$	0.5		$	-		$	2.4		$	3.2		$	6.1


	Grants of Share-Based Awards
				July/
	June			August		March
	2021			2021		2022		Total
Awards outstanding, December 31, 2021		76,269			50,596		-		126,865
Granted		-			-		72,050		72,050
Vested		(25,423	)		-		-		(25,423	)
Awards outstanding, June 30, 2022		50,846			50,596		72,050		173,492

Estimated grant date fair value	$	39.53		$	39.53	$	58.80

Unamortized grant date fair value, December 31, 2021 (in millions)	$	2.4		$	1.4	$	-	$	3.8
Unamortized grant date fair value, June 30, 2022 (in millions)	$	1.8		$	0.6	$	3.9	$	6.3

During the three and six months ended June 30, 2023, we recognized $1.0 million and $2.1 million, respectively, in compensation expense associated with grants of RSAs and RSUs. During the three and six months ended June 30, 2022, we recognized $1.0 million and $1.5 million, respectively, in compensation expense associated with grants of RSAs and RSUs. We are currently not amortizing our PSUs as we have not concluded that it is probable that the performance condition will be achieved.

Discontinued Operation (Cash Flow Of Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other (gains) and losses, net	$ 47	$ (18,013)	$ (1,351)	$ (16,866)
Pumpco Member
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other (gains) and losses, net	$ 79	$ 750	(748)	(5,193)
Proceeds from sales of assets			$ 11,308	$ 13,861

Note Receivable (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Note receivable	$ 71,581		$ 71,581		$ 69,679
Change In Gross Amount Of Sellers Obligation	105,200		$ 105,200
Notes Receivable, Seller Obligation [Member]
Financing Receivable, Past Due [Line Items]
Interest rate percentage to record present value of notes receivable			5.60%
Company recorded interest income	$ 900	$ 1,000	$ 1,900	$ 2,000

Revenue and Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2023

Revenue by Geography [Member]

Disaggregation of Revenue [Line Items]

Disaggregation Of Revenues

The following table presents our revenues by segment disaggregated by geography:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
U.S. land
Rentals	$	44,730	$	43,791	$	89,863	$	77,753
Well Services		5,806		4,151		12,161		8,699
Total U.S. land		50,536		47,942		102,024		86,452

U.S. offshore
Rentals		37,516		36,331		73,186		69,084
Well Services		23,405		32,569		39,726		60,890
Total U.S. offshore		60,921		68,900		112,912		129,974

International
Rentals		30,165		23,607		58,183		45,648
Well Services		102,851		84,191		191,491		160,496
Total International		133,016		107,798		249,674		206,144
Total Revenues	$	244,473	$	224,640	$	464,610	$	422,570

Revenue by Type [Member]

Disaggregation of Revenue [Line Items]

Disaggregation Of Revenues

The following table presents our revenues by segment disaggregated by type:


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Services
Rentals	$	17,875	$	12,654	$	35,020	$	23,812
Well Services		88,255		87,412		164,400		167,693
Total Services		106,130		100,066		199,420		191,505

Rentals
Rentals		81,647		73,563		163,722		138,810
Well Services		3,714		3,430		7,249		5,345
Total Rentals		85,361		76,993		170,971		144,155

Product Sales
Rentals		12,889		17,512		22,490		29,863
Well Services		40,093		30,069		71,729		57,047
Total Product Sales		52,982		47,581		94,219		86,910
Total Revenues	$	244,473	$	224,640	$	464,610	$	422,570

Decommissioning Liability (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Asset Retirement Obligation Disclosure [Abstract]
Accretion expense	$ 2.4	$ 2.7	$ 4.7	$ 5.4
Decommissioning liability	53.0		53.0
Decommissioning costs	$ 5.5		$ 5.5

Debt

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Debt

(7) Debt

We have a Credit Agreement providing for a $120.0 million asset-based secured revolving Credit Facility, all of which is available for the issuance of letters of credit (the “Credit Facility”) which matures in December 2024. The issuance of letters of credit reduces availability under the Credit Facility on a dollar-for-dollar basis.

As of June 30, 2023, our borrowing base, as defined in the Credit Agreement, was approximately $120.0 million, and we had $34.7 million of letters of credit outstanding that reduced the borrowing availability. We had no outstanding borrowings under the Credit Facility as of June 30, 2023. We were in compliance with all required covenants as of June 30, 2023.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Decommissioning Liability - Schedule of Decommissioning Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Decommissioning Liability	$ 159,920	$ 160,671
Less: Note Receivable	(71,581)	(69,679)
Decommissioning Liability, net of Note Receivable	88,339	90,992
Well Services [Member]
Decommissioning Liability	93,564	96,171
Platform Service [Member]
Decommissioning Liability	$ 66,356	$ 64,500

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Components Of Income (Loss) From Discontinued Operations

The following table summarizes the components of discontinued operations, net of tax:


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
General and administrative expenses	$	(72	)	$	1,711		$	389		$	5,453
Other (gains) and losses, net		79			750			(748	)		(5,193	)
Income (loss) from discontinued operations before tax		(7	)		(2,461	)		359			(260	)
Income tax benefit (expense)		(2	)		517			(79	)		55
Income (loss) from discontinued operations, net of income tax	$	(9	)	$	(1,944	)	$	280		$	(205	)

Assets And Liabilities Of Discontinued Operation

The following summarizes the assets and liabilities related to discontinued operations:


	June 30, 2023		December 31, 2022
Assets:
Accounts receivable, net	$	-	$	350
Property, plant and equipment, net		1,355		11,468
Other assets		14		160
Total assets held for sale	$	1,369	$	11,978

Liabilities:
Accounts payable	$	-	$	86
Accrued expenses		3,090		3,192
Other liabilities		-		71
Total liabilities held for sale	$	3,090	$	3,349

Schedule Of Cash Flows From Discontinued Operations

Significant operating non-cash items and cash flows from investing activities for our discontinued operations were as follows:


	For the Six Months Ended
	June 30,
	2023			2022
Cash flows from discontinued operating activities:
Other gains, net	$	(748	)	$	(5,193	)
Cash flows from discontinued investing activities:
Proceeds from sales of assets	$	11,308		$	13,861

Basis of Presentation

6 Months Ended

Jun. 30, 2023

Disclosure Text Block [Abstract]

Basis of Presentation

(1) Basis of Presentation

Certain information and footnote disclosures normally included 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 are adequate such that the information presented is not misleading.

As used herein, the “Company,” “we,” “us” and similar terms refer to Superior Energy Services, Inc. and its consolidated subsidiaries, unless otherwise specifically stated.

These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in our Form 10-K.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting primarily of normal recurring adjustments, necessary for a fair statement of our financial position as of June 30, 2023, our results of operations for the three and six months ended June 30, 2023 and 2022, and our cash flows for the six months ended June 30, 2023 and 2022. The balance sheet as of December 31, 2022, was derived from our audited annual financial statements, but does not contain all of the footnote disclosures from the annual financial statements.

Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

(13) Income Taxes

The effective tax rate on income from continuing operations for the three and six months ended June 30, 2023 was 11.9% and 25.4%, respectively, and was 20.0% and 21.7% for the three and six months ended June 30, 2022, respectively. The U.S federal statutory rate for all periods was 21%. The effective tax rates for all periods were unfavorably impacted by our current and ongoing operations in foreign jurisdictions which have tax rates significantly in excess of the U.S. federal statutory rate.

The effective tax rate for the three months ended June 30, 2023 was also favorably impacted by approximately $14.9 million in income tax benefits from reversals of uncertain tax positions in foreign jurisdictions and adjustments to valuation allowances on foreign operations.

The effective tax rate for the six months ended June 30, 2023 was also unfavorably impacted by the identification of an error in the tax provision for the year ended December 31, 2022 pertaining to certain net operating loss carryforwards that should have been eliminated as part of a worthless stock deduction taken in the fourth quarter of 2022. As such, we recognized an additional income tax expense of $7.6 million during the three months ended March 31, 2023 with a corresponding decrease to deferred tax assets to correct this immaterial misstatement. Management has determined that this misstatement was not material to any of its previously issued financial statements.

The effective tax rate for the three and six months ended June 30, 2022 was also impacted from non-deductible items, the release of valuation allowances in certain jurisdictions and foreign losses for which no tax benefit was recorded.

We had $4.3 million of unrecognized tax benefits as of June 30, 2023, all of which would impact our effective tax rate if recognized. It is reasonably possible $1.0 million of unrecognized tax benefits could be settled in the next twelve months due to the conclusion of tax audits or statutes of limitations expiration. It is our policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense. Unrecognized tax benefits as of December 31, 2022 were $14.0 million and were impacted by the reversals of uncertain tax positions during the six months ended June 30, 2023.

On August 16, 2022, the Inflation Reduction Act (the IRA) was signed into law in the U.S. Among other changes, the IRA introduced a corporate minimum tax on certain corporations with average adjusted financial statement income over a three-tax year period in excess of $1.0 billion and an excise tax on certain stock repurchases by certain covered corporations for taxable years beginning after December 31, 2022 and several tax incentives to promote clean energy. Based on our current analysis and pending future guidance to be issued by Treasury, we do not believe these provisions will have a material impact on our consolidated financial statements.

- 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.

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+ Details

Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of weighted average number of shares for basic and diluted earnings per share

The following table presents the reconciliation between the weighted average number of shares for basic and diluted earnings per share.


	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Weighted-average shares outstanding - basic		20,126		20,024		20,116		20,011
Potentially dilutive stock awards and units		17		52		20		54
Weighted-average shares outstanding - diluted		20,143		20,076		20,136		20,065

Segment Information

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Information

(11) Segment Information

Our reportable segments are Rentals and Well Services.

The products and service offerings of Rentals are comprised of value-added engineering and design services, rental of premium drill strings, tubing, landing strings, completion tubulars and handling accessories, manufacturing and rental of bottom hole assemblies, and rentals of accommodation units.

The products and service offerings of Well Services are comprised of risk management, well control and training solutions, hydraulic workover and snubbing services, engineering and manufacturing of premium sand control tools, and onshore international production services. The Well Services segment also includes the operations of our offshore oil and gas property.

We evaluate the performance of our reportable segments based on income or loss from operations. The segment measure is calculated as segment revenues less segment operating expenses, including general and administrative expenses, depreciation, depletion, amortization and accretion expense and other (gains) and losses, net. We use this segment measure to evaluate our reportable segments as it is the measure that is most consistent with how we organize and manage our business operations. Corporate and other costs primarily include expenses related to support functions, including salaries and benefits for corporate employees.

Summarized financial information for our segments is as follows:


For the Three Months Ended June 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	112,411		$	132,062		$	-		$	244,473
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		35,021			85,733			-			120,754
Depreciation, depletion, amortization and accretion		12,553			7,204			864			20,621
General and administrative expenses		6,993			11,391			12,793			31,177
Restructuring expenses		-			-			-			-
Other (gains) and losses, net		(262	)		309			-			47
Income (loss) from operations	$	58,106		$	27,425		$	(13,657	)	$	71,874

For the Three Months Ended June 30, 2022				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	103,729		$	120,911		$	-		$	224,640
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		35,860			85,108			-			120,968
Depreciation, depletion, amortization and accretion		12,556			9,662			1,128			23,346
General and administrative expenses		6,559			11,202			12,470			30,231
Restructuring expenses		-			-			1,663			1,663
Other (gains) and losses, net		195			(18,208	)		-			(18,013	)
Income (loss) from operations	$	48,559		$	33,147		$	(15,261	)	$	66,445


For the Six Months Ended June 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	221,232		$	243,378		$	-		$	464,610
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		71,489			166,986			-			238,475
Depreciation, depletion, amortization and accretion		24,721			14,281			1,758			40,760
General and administrative expenses		14,195			22,890			25,082			62,167
Restructuring expenses		-			-			1,983			1,983
Other gains, net		(293	)		(1,058	)		-			(1,351	)
Income (loss) from operations	$	111,120		$	40,279		$	(28,823	)	$	122,576

For the Six Months Ended June 30, 2022				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	192,485		$	230,085		$	-		$	422,570
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		67,612			165,736			-			233,348
Depreciation, depletion, amortization and accretion		33,545			21,390			2,496			57,431
General and administrative expenses		13,924			22,603			25,722			62,249
Restructuring expenses		-			-			3,218			3,218
Other (gains) and losses, net		60			(16,926	)		-			(16,866	)
Income (loss) from operations	$	77,344		$	37,282		$	(31,436	)	$	83,190

Identifiable Assets


			Well		Corporate		Consolidated
	Rentals		Services		and Other		Total
June 30, 2023	$	507,753	$	568,452	$	184,411	$	1,260,616
December 31, 2022		432,437		533,327		225,248		1,191,012

- 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.

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+ Details

New Accounting Pronouncements

6 Months Ended

Jun. 30, 2023

Disclosure Text Block [Abstract]

New Accounting Pronouncements

(18) New Accounting Pronouncements

Recently Issued Accounting Standards

- 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

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 67,395	$ 30,213	$ 41,618	$ 97,608	$ 67,344	$ 286,465

- Definition

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

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+ Details

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

(17) Supplemental Cash Flow Information

The table below is a reconciliation of cash, cash equivalents and restricted cash for the beginning and the end of the periods presented:


	June 30,
	2023		2022
Cash and cash equivalents	$	258,999	$	314,974
Restricted cash-non-current		80,108		79,561
Cash, cash equivalents, and restricted cash, beginning of period	$	339,107	$	394,535

Cash and cash equivalents	$	330,129	$	391,219
Restricted cash-non-current		80,318		79,595
Cash, cash equivalents, and restricted cash, end of period	$	410,447	$	470,814

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2023	Aug. 04, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2023
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	87-4613576
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Central Index Key	0000886835
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,998,695
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		152,030

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	19,999,000	19,999,000
Common stock, shares outstanding	19,999,000	19,999,000
Common Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000	2,000,000
Common stock, shares issued	156,000	84,000
Common stock, shares outstanding	152,000	80,000

Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information

Summarized financial information for our segments is as follows:


For the Three Months Ended June 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	112,411		$	132,062		$	-		$	244,473
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		35,021			85,733			-			120,754
Depreciation, depletion, amortization and accretion		12,553			7,204			864			20,621
General and administrative expenses		6,993			11,391			12,793			31,177
Restructuring expenses		-			-			-			-
Other (gains) and losses, net		(262	)		309			-			47
Income (loss) from operations	$	58,106		$	27,425		$	(13,657	)	$	71,874

For the Three Months Ended June 30, 2022				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	103,729		$	120,911		$	-		$	224,640
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		35,860			85,108			-			120,968
Depreciation, depletion, amortization and accretion		12,556			9,662			1,128			23,346
General and administrative expenses		6,559			11,202			12,470			30,231
Restructuring expenses		-			-			1,663			1,663
Other (gains) and losses, net		195			(18,208	)		-			(18,013	)
Income (loss) from operations	$	48,559		$	33,147		$	(15,261	)	$	66,445


For the Six Months Ended June 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	221,232		$	243,378		$	-		$	464,610
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		71,489			166,986			-			238,475
Depreciation, depletion, amortization and accretion		24,721			14,281			1,758			40,760
General and administrative expenses		14,195			22,890			25,082			62,167
Restructuring expenses		-			-			1,983			1,983
Other gains, net		(293	)		(1,058	)		-			(1,351	)
Income (loss) from operations	$	111,120		$	40,279		$	(28,823	)	$	122,576

For the Six Months Ended June 30, 2022				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	192,485		$	230,085		$	-		$	422,570
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)		67,612			165,736			-			233,348
Depreciation, depletion, amortization and accretion		33,545			21,390			2,496			57,431
General and administrative expenses		13,924			22,603			25,722			62,249
Restructuring expenses		-			-			3,218			3,218
Other (gains) and losses, net		60			(16,926	)		-			(16,866	)
Income (loss) from operations	$	77,344		$	37,282		$	(31,436	)	$	83,190

Schedule Of Identifiable Assets

Identifiable Assets


			Well		Corporate		Consolidated
	Rentals		Services		and Other		Total
June 30, 2023	$	507,753	$	568,452	$	184,411	$	1,260,616
December 31, 2022		432,437		533,327		225,248		1,191,012

Debt (Narrative) (Details) $ in Millions	Jun. 30, 2023 USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 120.0
Letters of Credit Outstanding, Amount	34.7
Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 120.0

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Identifiable Assets	$ 1,260,616	$ 1,191,012
Rentals [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	507,753	432,437
Well Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	568,452	533,327
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 184,411	$ 225,248

- 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.

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+ Details

Other Income (Expense)

6 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Other Income (Expense)

(9) Other Income (Expense)

Other income (expense) primarily relates to re-measurement gains and losses associated with our foreign currencies and realized and unrealized gains and losses on our investment in equity securities.

Losses on foreign currencies were $1.7 million and $3.6 million for the three and six months ended June 30, 2023, respectively. For the three and six months ended June 30, 2022, losses on foreign currencies were $10.5 million and $4.9 million, respectively. Gains and losses on foreign currencies are primarily related to our operations in Brazil and Argentina.

During the three and six months ended June 30, 2022, we recognized unrealized losses of $5.9 million and unrealized gains of $0.5 million, respectively, from our investment in equity securities. During the three and six months ended June 30, 2022, proceeds from the disposal of equity securities totaled $6.0 million and $13.4 million, respectively. All investments in equity securities were disposed of prior to December 31, 2022.