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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating revenues:      
Other $ 70,760,000 $ 18,133,000 $ 24,931,000
Total operating revenues 2,356,684,000 915,866,000 1,891,277,000
Operating costs and expenses:      
Contract drilling 667,105,000 305,804,000 608,848,000
Pressure pumping 966,835,000 334,588,000 612,021,000
Directional drilling 32,172,000    
Other 51,428,000 8,384,000 11,500,000
Depreciation, depletion, amortization and impairment 783,341,000 668,434,000 864,759,000
Impairment of goodwill     124,561,000
Selling, general and administrative 105,847,000 69,205,000 74,913,000
Merger and integration expenses 74,451,000    
Other operating (income) expense, net [1] (31,957,000) (14,323,000) 1,647,000
Total operating costs and expenses 2,649,222,000 1,372,092,000 2,298,249,000
Operating loss (292,538,000) (456,226,000) (406,972,000)
Other income (expense):      
Interest income 1,866,000 327,000 964,000
Interest expense, net of amount capitalized (37,472,000) (40,366,000) (36,475,000)
Other 343,000 69,000 34,000
Total other expense (35,263,000) (39,970,000) (35,477,000)
Loss before income taxes (327,801,000) (496,196,000) (442,449,000)
Income tax benefit (333,711,000) (177,562,000) (147,963,000)
Net income (loss) $ 5,910,000 $ (318,634,000) $ (294,486,000)
Net income (loss) per common share:      
Basic $ 0.03 $ (2.18) $ (2.00)
Diluted $ 0.03 $ (2.18) $ (2.00)
Weighted average number of common shares outstanding:      
Basic 198,447 146,178 145,416
Diluted 199,882 146,178 145,416
Cash dividends per common share $ 0.08 $ 0.16 $ 0.40
Contract Drilling      
Operating revenues:      
Oil and gas services $ 1,040,033,000 $ 543,663,000 $ 1,153,892,000
Operating costs and expenses:      
Impairment of goodwill     0
Pressure Pumping      
Operating revenues:      
Oil and gas services 1,200,311,000 $ 354,070,000 $ 712,454,000
Directional Drilling      
Operating revenues:      
Oil and gas services $ 45,580,000    
[1] Other operating income (expense), net includes 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. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.