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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenues:        
Oil and natural gas $ 4,284 $ 6,027 $ 12,973 $ 20,343
Total operating revenues 206,133 422,251 668,979 1,552,711
Operating costs and expenses:        
Contract drilling 74,517 136,718 219,218 503,376
Pressure pumping 77,221 138,597 234,580 494,078
Oil and natural gas 1,846 2,519 5,586 8,096
Depreciation, depletion, amortization and impairment 163,464 332,151 511,209 689,457
Impairment of goodwill   124,561   124,561
Selling, general and administrative 16,612 18,582 51,671 58,335
Other operating (income) expense, net [1] (4,118) (1,362) (10,285) 4,984
Total operating costs and expenses 329,542 751,766 1,011,979 1,882,887
Operating loss (123,409) (329,515) (343,000) (330,176)
Other income (expense):        
Interest income 63 323 273 924
Interest expense, net of amount capitalized (10,244) (9,254) (31,722) (27,044)
Other 19 16 52 16
Total other expense (10,162) (8,915) (31,397) (26,104)
Loss before income taxes (133,571) (338,430) (374,397) (356,280)
Income tax benefit (49,428) (112,452) (133,885) (120,452)
Net loss $ (84,143) $ (225,978) $ (240,512) $ (235,828)
Net loss per common share:        
Basic $ (0.58) $ (1.54) $ (1.65) $ (1.61)
Diluted $ (0.58) $ (1.54) $ (1.65) $ (1.61)
Weighted average number of common shares outstanding:        
Basic 146,326 145,662 146,014 145,317
Diluted 146,326 145,662 146,014 145,317
Cash dividends per common share $ 0.02 $ 0.10 $ 0.14 $ 0.30
Contract Drilling        
Operating revenues:        
Oil and gas services $ 123,684 $ 261,817 $ 407,578 $ 951,616
Pressure Pumping        
Operating revenues:        
Oil and gas services $ 78,165 154,407 $ 248,428 $ 580,752
Operating costs and expenses:        
Impairment of goodwill   $ 125,000    
[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 operating results of specific segments. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.