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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenues:    
Total operating revenues $ 240,929,000 $ 445,927,000
Operating costs and expenses:    
Depreciation, depletion, amortization and impairment 152,882,000 186,797,000
Impairment of goodwill   395,060,000
Selling, general and administrative 22,558,000 30,346,000
Credit loss expense 0 1,055,000
Other operating expenses, net 265,000 451,000
Total operating costs and expenses 358,456,000 940,337,000
Operating loss (117,527,000) (494,410,000)
Other income (expense):    
Interest income 139,000 657,000
Interest expense, net of amount capitalized (10,009,000) (11,224,000)
Other 14,000 85,000
Total other expense (9,856,000) (10,482,000)
Loss before income taxes (127,383,000) (504,892,000)
Income tax benefit (20,970,000) (70,170,000)
Net loss $ (106,413,000) $ (434,722,000)
Net loss per common share:    
Basic $ (0.57) $ (2.28)
Diluted $ (0.57) $ (2.28)
Weighted average number of common shares outstanding:    
Basic 187,677 190,674
Diluted 187,677 190,674
Cash dividends per common share $ 0.02 $ 0.04
Contract Drilling    
Operating revenues:    
Total operating revenues $ 133,501,000 $ 267,364,000
Operating costs and expenses:    
Operating costs and expenses 79,378,000 163,420,000
Impairment of goodwill   395,000,000
Pressure Pumping    
Operating revenues:    
Total operating revenues 75,839,000 125,107,000
Operating costs and expenses:    
Operating costs and expenses 76,510,000 114,855,000
Directional Drilling    
Operating revenues:    
Total operating revenues 19,670,000 34,485,000
Operating costs and expenses:    
Operating costs and expenses 16,637,000 32,329,000
Other    
Operating revenues:    
Total operating revenues 11,919,000 18,971,000
Operating costs and expenses:    
Operating costs and expenses $ 10,226,000 $ 16,024,000