Subsequent Events (Notes)

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Subsequent to December 31, 2017, we underwent a reduction in workforce impacting approximately 13% of employees across all functions, primarily on our Oklahoma City campus.

Subsequent to December 31, 2017, we sold approximately 4.3 million shares of FTSI International for net proceeds of approximately $74 million. We continue to hold approximately 22.0 million shares in the publicly traded company.

Subsequent to December 31, 2017, we entered into agreements for the sale of properties in the Mid-Continent, including our Mississippian Lime assets, for expected aggregate proceeds of approximately $500 million. We expect to close these sales by the end of the 2018 second quarter, subject to customary closing conditions.