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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues:      
Total operating revenues $ 2,647,592 $ 1,357,081 $ 1,124,249
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 483,945 849,178 670,910
Impairment of goodwill 0 0 395,060
Selling, general and administrative 116,589 92,382 97,611
Credit loss expense 0 (1,500) 5,606
Merger and integration expenses 2,069 12,060 0
Restructuring expenses 0 0 38,338
Other operating (income) expenses, net (12,592) 763 7,059
Total operating costs and expenses 2,436,561 2,034,831 2,016,507
Operating income (loss) 211,031 (677,750) (892,258)
Other income (expense):      
Interest income 360 222 1,254
Interest expense, net of amount capitalized (40,256) (41,978) (40,770)
Other (3,273) (275) 756
Total other expense (43,169) (42,031) (38,760)
Income (loss) from continuing operations before income taxes 167,862 (719,781) (931,018)
Income tax expense (benefit) 13,204 (62,702) (127,326)
Income (loss) from continuing operations 154,658 (657,079) (803,692)
Income from discontinued operations, net of tax 0 2,534 0
Net income (loss) $ 154,658 $ (654,545) $ (803,692)
Net income (loss) per common share - basic:      
Continuing Operations $ 0.72 $ (3.37) $ (4.27)
Discontinued operations 0 0.01 0
Net income (loss) - basic 0.72 (3.36) (4.27)
Net income (loss) per common share - diluted:      
Continuing Operations 0.7 (3.37) (4.27)
Discontinued operations 0 0.01 0
Net income (loss) - diluted $ 0.7 $ (3.36) $ (4.27)
Weighted average number of common shares outstanding:      
Basic 215,935 195,021 188,013
Diluted 219,496 195,021 188,013
Contract Drilling      
Operating revenues:      
Total operating revenues $ 1,316,672 $ 664,030 $ 669,126
Operating costs and expenses:      
Operating costs and expenses 832,180 463,456 380,822
Pressure Pumping      
Operating revenues:      
Total operating revenues 1,022,413 523,756 336,111
Operating costs and expenses:      
Operating costs and expenses 781,385 475,953 310,261
Directional Drilling      
Operating revenues:      
Total operating revenues 216,498 111,481 73,356
Operating costs and expenses:      
Operating costs and expenses 179,135 101,628 69,050
Other      
Operating revenues:      
Total operating revenues 92,009 57,814 45,656
Operating costs and expenses:      
Operating costs and expenses $ 53,850 $ 40,911 $ 41,790