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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenues:        
Total operating revenues $ 422,251 $ 845,628 $ 1,552,711 $ 2,281,072
Operating costs and expenses:        
Contract drilling 136,718 278,195 503,376 784,572
Pressure pumping 138,597 281,016 494,078 722,801
Oil and natural gas 2,519 3,275 8,096 9,421
Depreciation, depletion, amortization and impairment 332,151 237,825 689,457 $ 538,573
Impairment of goodwill 124,561   124,561
Selling, general and administrative 18,582 18,896 70,595 $ 58,117
Net gain on asset disposals [1] (1,362) (3,870) (7,276) (8,705)
Total operating costs and expenses 751,766 815,337 1,882,887 2,104,779
Operating income (loss) (329,515) 30,291 (330,176) 176,293
Other income (expense):        
Interest income 323 234 924 618
Interest expense, net of amount capitalized (9,254) (6,993) (27,044) (21,430)
Other 16   16 3
Total other expense (8,915) (6,759) (26,104) (20,809)
Income (loss) before income taxes (338,430) 23,532 (356,280) 155,484
Income tax expense (benefit):        
Current (42,446) 48,618 (10,221) 101,233
Deferred (70,006) (41,062) (110,231) (50,830)
Total income tax expense (benefit) (112,452) 7,556 (120,452) 50,403
Net income (loss) $ (225,978) $ 15,976 $ (235,828) $ 105,081
Net income (loss) per common share:        
Basic $ (1.54) $ 0.11 $ (1.61) $ 0.72
Diluted $ (1.54) $ 0.11 $ (1.61) $ 0.71
Weighted average number of common shares outstanding:        
Basic 145,662 144,798 145,317 143,778
Diluted 145,662 146,991 145,317 146,101
Cash dividends per common share $ 0.10 $ 0.10 $ 0.30 $ 0.30
Contract Drilling        
Operating revenues:        
Oil and gas services $ 261,817 $ 482,212 $ 951,616 $ 1,346,698
Operating costs and expenses:        
Impairment of goodwill 0      
Pressure Pumping        
Operating revenues:        
Oil and gas services 154,407 348,692 580,752 895,530
Operating costs and expenses:        
Impairment of goodwill 125,000      
Oil And Natural Gas        
Operating revenues:        
Oil and natural gas $ 6,027 $ 14,724 $ 20,343 $ 38,844
[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.