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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating revenues:      
Oil and natural gas $ 24,931,000 $ 50,196,000 $ 57,257,000
Total operating revenues 1,891,277,000 3,182,291,000 2,716,034,000
Operating costs and expenses:      
Contract drilling 608,848,000 1,066,659,000 968,754,000
Pressure pumping 612,021,000 1,036,310,000 744,243,000
Oil and natural gas 11,500,000 13,102,000 12,909,000
Depreciation, depletion, amortization and impairment 864,759,000 718,730,000 597,469,000
Impairment of goodwill 124,561,000    
Selling, general and administrative 87,173,000 80,145,000 73,852,000
Net gain on asset disposals [1] (10,613,000) (15,781,000) (3,384,000)
Total operating costs and expenses 2,298,249,000 2,899,165,000 2,393,843,000
Operating income (loss) (406,972,000) 283,126,000 322,191,000
Other income (expense):      
Interest income 964,000 979,000 918,000
Interest expense, net of amount capitalized (36,475,000) (29,825,000) (28,359,000)
Other 34,000 3,000 1,691,000
Total other expense (35,477,000) (28,843,000) (25,750,000)
Income (loss) before income taxes (442,449,000) 254,283,000 296,441,000
Income tax expense (benefit):      
Current (48,090,000) 47,946,000 57,863,000
Deferred (99,873,000) 43,673,000 50,569,000
Total income tax expense (benefit) (147,963,000) 91,619,000 108,432,000
Net income (loss) $ (294,486,000) $ 162,664,000 $ 188,009,000
Net income (loss) per common share:      
Basic $ (2.00) $ 1.12 $ 1.29
Diluted $ (2.00) $ 1.11 $ 1.28
Weighted average number of common shares outstanding:      
Basic 145,416 144,066 144,356
Diluted 145,416 145,376 145,303
Cash dividends per common share $ 0.40 $ 0.40 $ 0.20
Contract Drilling      
Operating revenues:      
Oil and gas services $ 1,153,892,000 $ 1,838,830,000 $ 1,679,611,000
Operating costs and expenses:      
Impairment of goodwill 0    
Pressure Pumping      
Operating revenues:      
Oil and gas services $ 712,454,000 $ 1,293,265,000 $ 979,166,000
[1] Net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments.