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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth certain financial information for each of our segments and corporate (amounts in thousands):
 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Two Months Ended May 31, 2020
 
Three Months Ended June 30, 2019
Revenues:
 
 
 
 
 
 
Domestic drilling
$
5,866

 
 
$
17,450

 
$
39,652

International drilling
828

 
 
1,473

 
25,422

Drilling services
6,694

 
 
18,923

 
65,074

Well servicing
3,756

 
 
6,331

 
29,506

Wireline services
713

 
 
2,410

 
47,386

Coiled tubing services
—

 
 
384

 
10,877

Production services
4,469

 
 
9,125

 
87,769

Consolidated revenues
$
11,163

 
 
$
28,048

 
$
152,843

 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
Domestic drilling
$
3,646

 
 
$
9,236

 
$
24,698

International drilling
1,063

 
 
1,538

 
18,555

Drilling services
4,709

 
 
10,774

 
43,253

Well servicing
2,810

 
 
5,926

 
21,038

Wireline services
1,085

 
 
3,552

 
41,804

Coiled tubing services
139

 
 
1,773

 
9,875

Production services
4,034

 
 
11,251

 
72,717

Consolidated operating costs
$
8,743

 
 
$
22,025

 
$
115,970

 
 
 
 
 
 
 
Gross margin:
 
 
 
 
 
 
Domestic drilling
$
2,220

 
 
$
8,214

 
$
14,954

International drilling
(235
)
 
 
(65
)
 
6,867

Drilling services
1,985

 
 
8,149

 
21,821

Well servicing
946

 
 
405

 
8,468

Wireline services
(372
)
 
 
(1,142
)
 
5,582

Coiled tubing services
(139
)
 
 
(1,389
)
 
1,002

Production services
435

 
 
(2,126
)
 
15,052

Consolidated gross margin
$
2,420

 
 
$
6,023

 
$
36,873

 
 
 
 
 
 
 
Identifiable Assets:
 
 
 
 
 
 
Domestic drilling (1)
$
150,897

 
 
$
158,283

 
$
365,477

International drilling (1) (2)
47,541

 
 
49,611

 
47,158

Drilling services
198,438

 
 
207,894

 
412,635

Well servicing
47,832

 
 
49,388

 
121,180

Wireline services
22,623

 
 
23,948

 
94,413

Coiled tubing services
5,941

 
 
6,336

 
37,292

Production services
76,396

 
 
79,672

 
252,885

Corporate
68,966

 
 
65,057

 
58,149

Consolidated identifiable assets
$
343,800

 
 
$
352,623

 
$
723,669

 
 
 
 
 
 
 
 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Two Months Ended May 31, 2020
 
Three Months Ended June 30, 2019
Depreciation and amortization:
 
 
 
 
 
 
Domestic drilling
$
2,012

 
 
$
7,153

 
$
10,888

International drilling
1,076

 
 
843

 
1,373

Drilling services
3,088

 
 
7,996

 
12,261

Well servicing
1,261

 
 
3,039

 
4,942

Wireline services
763

 
 
2,011

 
3,907

Coiled tubing services
—

 
 
471

 
1,531

Production services
2,024

 
 
5,521

 
10,380

Corporate
124

 
 
146

 
210

Consolidated depreciation
$
5,236

 
 
$
13,663

 
$
22,851

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
Domestic drilling
$
484

 
 
$
621

 
$
3,325

International drilling
138

 
 
106

 
524

Drilling services
622

 
 
727

 
3,849

Well servicing
30

 
 
201

 
2,141

Wireline services
60

 
 
112

 
1,588

Coiled tubing services
—

 
 
3

 
1,287

Production services
90

 
 
316

 
5,016

Corporate
—

 
 
20

 
376

Consolidated capital expenditures
$
712

 
 
$
1,063

 
$
9,241


 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Five Months Ended May 31, 2020
 
Six Months Ended June 30, 2019
Revenues:
 
 
 
 
 
 
Domestic drilling
$
5,866

 
 
$
53,341

 
$
77,661

International drilling
828

 
 
15,928

 
47,065

Drilling services
6,694

 
 
69,269

 
124,726

Well servicing
3,756

 
 
31,947

 
55,760

Wireline services
713

 
 
35,543

 
93,260

Coiled tubing services
—

 
 
5,611

 
25,665

Production services
4,469

 
 
73,101

 
174,685

Consolidated revenues
$
11,163

 
 
$
142,370

 
$
299,411

 
 
 
 
 
 
 
Operating costs:
 
 
 
 
 
 
Domestic drilling
$
3,646

 
 
$
33,101

 
$
47,167

International drilling
1,063

 
 
13,676

 
35,040

Drilling services
4,709

 
 
46,777

 
82,207

Well servicing
2,810

 
 
26,877

 
39,934

Wireline services
1,085

 
 
31,836

 
81,151

Coiled tubing services
139

 
 
8,557

 
21,263

Production services
4,034

 
 
67,270

 
142,348

Consolidated operating costs
$
8,743

 
 
$
114,047

 
$
224,555

 
 
 
 
 
 
 
 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Five Months Ended May 31, 2020
 
Six Months Ended June 30, 2019
Gross margin:
 
 
 
 
 
 
Domestic drilling
$
2,220

 
 
$
20,240

 
$
30,494

International drilling
(235
)
 
 
2,252

 
12,025

Drilling services
1,985

 
 
22,492

 
42,519

Well servicing
946

 
 
5,070

 
15,826

Wireline services
(372
)
 
 
3,707

 
12,109

Coiled tubing services
(139
)
 
 
(2,946
)
 
4,402

Production services
435

 
 
5,831

 
32,337

Consolidated gross margin
$
2,420

 
 
$
28,323

 
$
74,856

 
 
 
 
 
 
 
Identifiable Assets:
 
 
 
 
 
 
Domestic drilling (1)
$
150,897

 
 
$
158,283

 
$
365,477

International drilling (1) (2)
47,541

 
 
49,611

 
47,158

Drilling services
198,438

 
 
207,894

 
412,635

Well servicing
47,832

 
 
49,388

 
121,180

Wireline services
22,623

 
 
23,948

 
94,413

Coiled tubing services
5,941

 
 
6,336

 
37,292

Production services
76,396

 
 
79,672

 
252,885

Corporate
68,966

 
 
65,057

 
58,149

Consolidated identifiable assets
$
343,800

 
 
$
352,623

 
$
723,669

 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
Domestic drilling
$
2,012

 
 
$
18,058

 
$
21,433

International drilling
1,076

 
 
2,144

 
2,716

Drilling services
3,088

 
 
20,202

 
24,149

Well servicing
1,261

 
 
7,820

 
9,824

Wireline services
763

 
 
5,088

 
7,982

Coiled tubing services
—

 
 
2,164

 
3,059

Production services
2,024

 
 
15,072

 
20,865

Corporate
124

 
 
373

 
490

Consolidated depreciation
$
5,236

 
 
$
35,647

 
$
45,504

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
Domestic drilling
$
484

 
 
$
3,862

 
$
11,567

International drilling
138

 
 
1,273

 
2,282

Drilling services
622

 
 
5,135

 
13,849

Well servicing
30

 
 
1,918

 
6,036

Wireline services
60

 
 
1,684

 
4,423

Coiled tubing services
—

 
 
166

 
2,811

Production services
90

 
 
3,768

 
13,270

Corporate
—

 
 
21

 
497

Consolidated capital expenditures
$
712

 
 
$
8,924

 
$
27,616

(1)
Identifiable assets for our drilling segments include the impact of a $28.3 million and $38.6 million intercompany balance, as of June 30, 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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated Gross Margin
The following is a reconciliation of consolidated gross margin of our segments reported above to loss from operations as reported on the condensed consolidated statements of operations (amounts in thousands):
 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Two Months Ended May 31, 2020
 
Three Months Ended June 30, 2019
Consolidated gross margin
$
2,420

 
 
$
6,023

 
$
36,873

Depreciation and amortization
(5,236
)
 
 
(13,663
)
 
(22,851
)
General and administrative
(4,213
)
 
 
(7,392
)
 
(18,028
)
Pre-petition restructuring charges
—

 
 
252

 
—

Impairment
(388
)
 
 
—

 
(332
)
Bad debt (expense) recovery, net
283

 
 
(482
)
 
348

Gain on dispositions of property and equipment, net
460

 
 
272

 
1,126

Loss from operations
$
(6,674
)
 
 
$
(14,990
)
 
$
(2,864
)
 
Successor
 
 
Predecessor
 
One Month Ended June 30, 2020
 
 
Five Months Ended May 31, 2020
 
Six Months Ended June 30, 2019
Consolidated gross margin
$
2,420

 
 
$
28,323

 
$
74,856

Depreciation and amortization
(5,236
)
 
 
(35,647
)
 
(45,504
)
General and administrative
(4,213
)
 
 
(22,047
)
 
(37,786
)
Pre-petition restructuring charges
—

 
 
(16,822
)
 
—

Impairment
(388
)
 
 
(17,853
)
 
(1,378
)
Bad debt (expense) recovery, net
283

 
 
(1,209
)
 
286

Gain on dispositions of property and equipment, net
460

 
 
989

 
2,201

Loss from operations
$
(6,674
)
 
 
$
(64,266
)
 
$
(7,325
)