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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Oil and natural gas $ 4,722 $ 7,816 $ 8,689 $ 14,316
Total operating revenues 193,907 472,761 462,846 1,130,460
Operating costs and expenses:        
Contract drilling 63,803 153,848 144,701 366,658
Pressure pumping 69,546 142,756 157,359 355,481
Oil and natural gas 1,650 2,779 3,740 5,577
Depreciation, depletion, amortization and impairment 170,975 181,924 347,745 357,306
Selling, general and administrative 17,087 19,216 35,059 39,753
Other operating (income) expense, net [1] (4,822) (2,998) (6,167) 6,346
Total operating costs and expenses 318,239 497,525 682,437 1,131,121
Operating loss (124,332) (24,764) (219,591) (661)
Other income (expense):        
Interest income 100 318 210 601
Interest expense, net of amount capitalized (10,678) (9,249) (21,478) (17,790)
Other 17   33  
Total other expense (10,561) (8,931) (21,235) (17,189)
Loss before income taxes (134,893) (33,695) (240,826) (17,850)
Income tax expense (benefit):        
Current (2,000) 1,705 (25,814) 32,225
Deferred (47,027) (16,425) (58,643) (40,225)
Total income tax benefit (49,027) (14,720) (84,457) (8,000)
Net loss $ (85,866) $ (18,975) $ (156,369) $ (9,850)
Net loss per common share:        
Basic $ (0.58) $ (0.13) $ (1.06) $ (0.07)
Diluted $ (0.58) $ (0.13) $ (1.06) $ (0.07)
Weighted average number of common shares outstanding:        
Basic 145,944 145,300 145,857 145,142
Diluted 145,944 145,300 145,857 145,142
Cash dividends per common share $ 0.02 $ 0.10 $ 0.12 $ 0.20
Contract Drilling        
Operating revenues:        
Oil and gas services $ 115,235 $ 288,321 $ 283,894 $ 689,799
Pressure Pumping        
Operating revenues:        
Oil and gas services $ 73,950 $ 176,624 $ 170,263 $ 426,345
[1] Other operating income (expense) includes net gains or losses associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been excluded from the results of specific segments. This caption also includes expenses related to certain legal settlements.