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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues:        
Other $ 20,934 $ 4,284 $ 45,238 $ 12,973
Total operating revenues 684,989 206,133 1,569,350 668,979
Operating costs and expenses:        
Contract drilling 186,957 74,517 475,836 219,218
Pressure pumping 290,315 77,221 643,228 234,580
Other 15,882 1,846 31,812 5,586
Depreciation, depletion, amortization and impairment 196,642 163,464 572,187 511,209
Selling, general and administrative 27,551 16,612 69,881 51,671
Merger and integration expenses 9,449   65,798  
Other operating income, net [1] (3,791) (4,118) (18,501) (10,285)
Total operating costs and expenses 723,005 329,542 1,840,241 1,011,979
Operating loss (38,016) (123,409) (270,891) (343,000)
Other income (expense):        
Interest income 101 63 1,149 273
Interest expense, net of amount capitalized (9,584) (10,244) (26,929) (31,722)
Other 78 19 226 52
Total other expense (9,405) (10,162) (25,554) (31,397)
Loss before income taxes (47,421) (133,571) (296,445) (374,397)
Income tax benefit (13,652) (49,428) (106,953) (133,885)
Net loss $ (33,769) $ (84,143) $ (189,492) $ (240,512)
Net loss per common share:        
Basic $ (0.16) $ (0.58) $ (0.99) $ (1.65)
Diluted $ (0.16) $ (0.58) $ (0.99) $ (1.65)
Weighted average number of common shares outstanding:        
Basic 211,875 146,326 191,237 146,014
Diluted 211,875 146,326 191,237 146,014
Cash dividends per common share $ 0.02 $ 0.02 $ 0.06 $ 0.14
Contract Drilling        
Operating revenues:        
Oil and gas services $ 301,614 $ 123,684 $ 730,453 $ 407,578
Pressure Pumping        
Operating revenues:        
Oil and gas services $ 362,441 $ 78,165 $ 793,659 $ 248,428
[1] Other operating income includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.