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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues:      
Total operating revenues $ 1,357,081 $ 1,124,249 $ 2,470,685
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 849,178 670,910 1,003,873
Impairment of goodwill 0 395,060 17,800
Selling, general and administrative 92,382 97,611 133,513
Credit loss expense (1,500) 5,606 5,683
Merger and integration expenses 12,060 0 0
Restructuring expenses 0 38,338 0
Other operating expenses (income), net 763 7,059 (2,305)
Total operating costs and expenses 2,034,831 2,016,507 2,932,261
Operating loss (677,750) (892,258) (461,576)
Other income (expense):      
Interest income 222 1,254 6,013
Interest expense, net of amount capitalized (41,978) (40,770) (75,204)
Other income (expense) (275) 756 389
Total other expense (42,031) (38,760) (68,802)
Loss from continuing operations before income taxes (719,781) (931,018) (530,378)
Income tax benefit (62,702) (127,326) (104,675)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total (657,079) (803,692) (425,703)
Income from discontinued operations, net of tax 2,534 0 0
Net loss $ (654,545) $ (803,692) $ (425,703)
Net loss per common share - basic:      
Continuing Operations $ (3.37) $ (4.27) $ (2.10)
Discontinued operations 0.01
Basic net loss per common share (3.36) (4.27) (2.10)
Net loss per common share - diluted:      
Continuing Operations (3.37) (4.27) (2.10)
Discontinued operations 0.01
Net loss - diluted (3.36) (4.27) (2.10)
Net loss per common share:      
Basic (3.36) (4.27) (2.10)
Diluted net loss per common share $ (3.36) $ (4.27) $ (2.10)
Weighted average number of common shares outstanding:      
Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock 195,021 188,013 203,039
Diluted 195,021 188,013 203,039
Contract Drilling      
Operating revenues:      
Total operating revenues $ 664,030 $ 669,126 $ 1,308,350
Operating costs and expenses:      
Operating costs and expenses 463,456 380,822 785,355
Pressure Pumping      
Operating revenues:      
Total operating revenues 523,756 336,111 868,694
Operating costs and expenses:      
Operating costs and expenses 475,953 310,261 724,788
Directional Drilling      
Operating revenues:      
Total operating revenues 111,481 73,356 188,786
Operating costs and expenses:      
Operating costs and expenses 101,628 69,050 178,645
Other      
Operating revenues:      
Total operating revenues 57,814 45,656 104,855
Operating costs and expenses:      
Operating costs and expenses $ 40,911 $ 41,790 $ 84,909