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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues:        
Total operating revenues $ 622,238 $ 291,774 $ 1,131,613 $ 532,703
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 121,553 144,037 238,491 296,919
Selling, general and administrative 26,079 23,555 53,540 46,113
Merger and integration related costs 182 1,148 2,045 1,148
Other operating (income) expenses, net (9,238) (2,789) (10,456) (2,524)
Total operating costs and expenses 585,476 401,184 1,113,732 759,640
Operating loss 36,762 (109,410) 17,881 (226,937)
Other income (expense):        
Interest income 14 20 29 159
Interest expense, net of amount capitalized (10,658) (10,704) (21,223) (20,713)
Other (2,452) 812 (870) 826
Total other expense (13,096) (9,872) (22,064) (19,728)
Income (loss) before income taxes 23,666 (119,282) (4,183) (246,665)
Income tax expense (benefit) 1,780 (15,973) 2,708 (36,943)
Net income (loss) $ 21,886 $ (103,309) $ (6,891) $ (209,722)
Net loss per common share:        
Basic $ 0.10 $ (0.55) $ (0.03) $ (1.12)
Diluted $ 0.10 $ (0.55) $ (0.03) $ (1.12)
Weighted average number of common shares outstanding:        
Basic 216,165,000 188,408,000 215,718,000 188,044,000
Diluted 219,676,000 188,408,000 215,718,000 188,044,000
Cash dividends per common share $ 0.04 $ 0.02 $ 0.08 $ 0.04
Contract Drilling        
Operating revenues:        
Total operating revenues $ 304,586 $ 141,732 $ 561,226 $ 275,233
Operating costs and expenses:        
Operating costs and expenses 196,269 100,134 372,975 179,512
Pressure Pumping        
Operating revenues:        
Total operating revenues 238,376 111,991 427,966 187,830
Operating costs and expenses:        
Operating costs and expenses 191,455 102,320 348,923 178,830
Directional Drilling        
Operating revenues:        
Total operating revenues 54,825 24,869 98,159 44,539
Operating costs and expenses:        
Operating costs and expenses 45,438 22,370 82,392 39,007
Other        
Operating revenues:        
Total operating revenues 24,451 13,182 44,262 25,101
Operating costs and expenses:        
Operating costs and expenses $ 13,738 $ 10,409 $ 25,822 $ 20,635