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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues:        
Other $ 19,031 $ 4,722 $ 24,304 $ 8,689
Total operating revenues 579,186 193,907 884,361 462,846
Operating costs and expenses:        
Contract drilling 180,658 63,803 288,879 144,701
Pressure pumping 233,900 69,546 352,913 157,359
Other 12,671 1,650 15,930 3,740
Depreciation, depletion, amortization and impairment 219,328 170,975 375,545 347,745
Selling, general and administrative 23,478 17,087 42,330 35,059
Merger and integration expenses 51,193   56,349  
Other operating income, net [1] (1,806) (4,822) (14,710) (6,167)
Total operating costs and expenses 719,422 318,239 1,117,236 682,437
Operating loss (140,236) (124,332) (232,875) (219,591)
Other income (expense):        
Interest income 642 100 1,048 210
Interest expense, net of amount capitalized (9,075) (10,678) (17,345) (21,478)
Other 131 17 148 33
Total other expense (8,302) (10,561) (16,149) (21,235)
Loss before income taxes (148,538) (134,893) (249,024) (240,826)
Income tax benefit (56,354) (49,027) (93,301) (84,457)
Net loss $ (92,184) $ (85,866) $ (155,723) $ (156,369)
Net loss per common share:        
Basic $ (0.46) $ (0.58) $ (0.86) $ (1.06)
Diluted $ (0.46) $ (0.58) $ (0.86) $ (1.06)
Weighted average number of common shares outstanding:        
Basic 201,204 145,944 180,747 145,857
Diluted 201,204 145,944 180,747 145,857
Cash dividends per common share $ 0.02 $ 0.02 $ 0.04 $ 0.12
Contract Drilling        
Operating revenues:        
Oil and gas services $ 270,111 $ 115,235 $ 428,839 $ 283,894
Pressure Pumping        
Operating revenues:        
Oil and gas services $ 290,044 $ 73,950 $ 431,218 $ 170,263
[1] Other operating income includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.