Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Restructuring. On May 4, 2015, the Company announced plans to restructure its operations in Colorado, including closing its office in Denver, Colorado and eliminating its Trinidad-based pumping services operations. The Company also expects to relocate a number of employees from Denver to its corporate headquarters in Irving, Texas. This initiative is expected to be substantially completed by the end of the third quarter of 2015.

The Company estimates that it will incur $15 million to $30 million of one-time restructuring costs in connection with this plan, primarily made up of employee severance and relocation costs.

EFS Midstream. During November 2014, the Company announced that it is pursuing the divestment of its 50.1 percent share of EFS Midstream. The Company accounts for EFS Midstream under the equity method of accounting for investments in unconsolidated affiliates. The Company is continuing to make progress towards divesting its equity investment in EFS Midstream; however, no assurance can be given that the sale will be completed in accordance with the Company's plans or on terms and at a price acceptable to the Company.