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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Total operating revenues $ 250,380 $ 675,765 $ 696,307 $ 1,379,936
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 173,085 208,688 359,882 423,098
Impairment of goodwill     395,060  
Selling, general and administrative 23,991 34,894 54,337 67,449
Credit loss expense 4,551 3,594 5,606 3,594
Restructuring expenses 38,338 0 38,338 0
Other operating expenses (income), net 4,753 9,071 5,204 335
Total operating costs and expenses 409,464 723,890 1,349,801 1,451,444
Operating loss (159,084) (48,125) (653,494) (71,508)
Other income (expense):        
Interest income 334 1,756 991 2,788
Interest expense, net of amount capitalized (10,984) (13,298) (22,208) (26,282)
Other 85 92 170 209
Total other expense (10,565) (11,450) (21,047) (23,285)
Loss before income taxes (169,649) (59,575) (674,541) (94,793)
Income tax benefit (19,317) (10,128) (89,487) (16,732)
Net loss $ (150,332) $ (49,447) $ (585,054) $ (78,061)
Net loss per common share:        
Basic $ (0.81) $ (0.24) $ (3.10) $ (0.37)
Diluted $ (0.81) $ (0.24) $ (3.10) $ (0.37)
Weighted average number of common shares outstanding:        
Basic 186,633 207,499 188,654 209,671
Diluted 186,633 207,499 188,654 209,671
Cash dividends per common share $ 0.02 $ 0.04 $ 0.06 $ 0.08
Contract Drilling        
Operating revenues:        
Total operating revenues $ 171,134 $ 348,138 $ 438,498 $ 720,530
Operating costs and expenses:        
Operating costs and expenses 87,127 201,792 250,547 420,994
Impairment of goodwill     395,060  
Pressure Pumping        
Operating revenues:        
Total operating revenues 59,533 251,008 184,640 498,609
Operating costs and expenses:        
Operating costs and expenses 56,268 206,137 171,123 408,885
Directional Drilling        
Operating revenues:        
Total operating revenues 11,742 50,218 46,227 103,177
Operating costs and expenses:        
Operating costs and expenses 12,265 42,102 44,594 87,704
Other        
Operating revenues:        
Total operating revenues 7,971 26,401 26,942 57,620
Operating costs and expenses:        
Operating costs and expenses $ 9,086 $ 17,612 $ 25,110 $ 39,385