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Segment Information
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information
Segment Information
We have five operating segments, comprised of two drilling services business segments (domestic and international drilling) and three production services business segments (well servicing, wireline services and coiled tubing services), which reflects the basis used by management in making decisions regarding our business for resource allocation and performance assessment, as required by ASC Topic 280, Segment Reporting.
Our domestic and international drilling services segments provide contract land drilling services to a diverse group of exploration and production companies through our three drilling divisions in the US and internationally in Colombia. We provide a comprehensive service offering which includes the drilling rig, crews, supplies, and most of the ancillary equipment needed to operate our drilling rigs.
Our well servicing, wireline services and coiled tubing services segments provide a range of production services to producers primarily in Texas and the Mid-Continent and Rocky Mountain regions, as well as in North Dakota, Louisiana and Mississippi.
The following tables set forth certain financial information for each of our segments and corporate (amounts in thousands):
 
As of and for the three months ended March 31,
 
2020
 
2019
Revenues:
 
 
 
Domestic drilling
$
35,891

 
$
38,009

International drilling
14,455

 
21,643

Drilling services
50,346

 
59,652

 
As of and for the three months ended March 31,
 
2020
 
2019
Well servicing
25,616

 
26,254

Wireline services
33,133

 
45,874

Coiled tubing services
5,227

 
14,788

Production services
63,976

 
86,916

Consolidated revenues
$
114,322

 
$
146,568

 
 
 
 
Operating costs:
 
 
 
Domestic drilling
$
23,865

 
$
22,469

International drilling
12,138

 
16,485

Drilling services
36,003

 
38,954

Well servicing
20,951

 
18,896

Wireline services
28,284

 
39,347

Coiled tubing services
6,784

 
11,388

Production services
56,019

 
69,631

Consolidated operating costs
$
92,022

 
$
108,585

 
 
 
 
Gross margin:
 
 
 
Domestic drilling
$
12,026

 
$
15,540

International drilling
2,317

 
5,158

Drilling services
14,343

 
20,698

Well servicing
4,665

 
7,358

Wireline services
4,849

 
6,527

Coiled tubing services
(1,557
)
 
3,400

Production services
7,957

 
17,285

Consolidated gross margin
$
22,300

 
$
37,983

 
 
 
 
Identifiable Assets:
 
 
 
Domestic drilling (1)
$
336,260

 
$
377,239

International drilling (1) (2)
51,443

 
44,565

Drilling services
387,703

 
421,804

Well servicing
107,747

 
121,861

Wireline services
66,712

 
96,297

Coiled tubing services
11,373

 
40,810

Production services
185,832

 
258,968

Corporate
42,199

 
56,319

Consolidated identifiable assets
$
615,734

 
$
737,091

 
 
 
 
Depreciation:
 
 
 
Domestic drilling
$
10,905

 
$
10,545

International drilling
1,301

 
1,343

Drilling services
12,206

 
11,888

Well servicing
4,781

 
4,882

Wireline services
3,077

 
4,075

Coiled tubing services
1,693

 
1,528

Production services
9,551

 
10,485

Corporate
227

 
280

Consolidated depreciation
$
21,984

 
$
22,653

 
 
 
 
 
 
 
 
 
As of and for the three months ended March 31,
 
2020
 
2019
Capital Expenditures:
 
 
 
Domestic drilling
$
3,241

 
$
8,242

International drilling
1,167

 
1,758

Drilling services
4,408

 
10,000

Well servicing
1,717

 
3,895

Wireline services
1,572

 
2,835

Coiled tubing services
163

 
1,524

Production services
3,452

 
8,254

Corporate
1

 
121

Consolidated capital expenditures
$
7,861

 
$
18,375

(1)
Identifiable assets for our drilling segments include the impact of a $32.9 million and $42.5 million intercompany balance, as of March 31, 2020 and 2019, respectively, between our domestic drilling segment (intercompany receivable) and our international drilling segment (intercompany payable).
(2)
Identifiable assets for our international drilling segment include five drilling rigs that are owned by our Colombia subsidiary and three drilling rigs that are owned by one of our domestic subsidiaries and leased to our Colombia subsidiary.
The following table reconciles the consolidated gross margin of our segments reported above to loss from operations as reported on the condensed consolidated statements of operations (amounts in thousands):
 
Three months ended March 31,
 
2020
 
2019
Consolidated gross margin
$
22,300

 
$
37,983

Depreciation
(21,984
)
 
(22,653
)
General and administrative
(14,655
)
 
(19,758
)
Pre-petition restructuring charges
(17,074
)
 

Impairment
(17,853
)
 
(1,046
)
Bad debt (expense) recovery, net
(727
)
 
(62
)
Gain on dispositions of property and equipment, net
717

 
1,075

Loss from operations
$
(49,276
)
 
$
(4,461
)

In April 2020, we closed our coiled tubing operations and idled all our coiled tubing equipment, which were subsequently placed as held for sale.