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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues:        
Total operating revenues $ 472,761 $ 757,276 $ 1,130,460 $ 1,435,444
Operating costs and expenses:        
Contract drilling 153,848 255,318 366,658 506,377
Pressure pumping 142,756 241,977 355,481 441,785
Oil and natural gas 2,779 2,872 5,577 6,146
Depreciation, depletion, amortization and impairment 181,924 153,426 357,306 300,748
Selling, general and administrative 19,216 19,548 52,013 39,221
Net gain on asset disposals [1] (2,998) (3,091) (5,914) (4,835)
Total operating costs and expenses 497,525 670,050 1,131,121 1,289,442
Operating income (loss) (24,764) 87,226 (661) 146,002
Other income (expense):        
Interest income 318 208 601 384
Interest expense, net of amount capitalized $ (9,249) (7,249) $ (17,790) (14,437)
Other   3   3
Total other expense $ (8,931) (7,038) $ (17,189) (14,050)
Income (loss) before income taxes (33,695) 80,188 (17,850) 131,952
Income tax expense (benefit):        
Current 1,705 25,680 32,225 52,615
Deferred (16,425) 225 (40,225) (9,768)
Total income tax expense (benefit) (14,720) 25,905 (8,000) 42,847
Net income (loss) $ (18,975) $ 54,283 $ (9,850) $ 89,105
Net income (loss) per common share:        
Basic $ (0.13) $ 0.37 $ (0.07) $ 0.62
Diluted $ (0.13) $ 0.37 $ (0.07) $ 0.61
Weighted average number of common shares outstanding:        
Basic 145,300 143,622 145,142 143,259
Diluted 145,984 146,029 145,712 145,586
Cash dividends per common share $ 0.10 $ 0.10 $ 0.20 $ 0.20
Contract Drilling        
Operating revenues:        
Oil and gas services $ 288,321 $ 438,583 $ 689,799 $ 864,486
Pressure Pumping        
Operating revenues:        
Oil and gas services 176,624 306,577 426,345 546,838
Oil And Natural Gas        
Operating revenues:        
Oil and natural gas $ 7,816 $ 12,116 $ 14,316 $ 24,120
[1] Net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments.