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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Acquisitions [Abstract]  
Schedule Of Values At Date Of Acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing Date

 

 

Total Cash Paid  (net of cash acquired)

 

 

 

 

 

 

 

 

 

 

 

 

Lone Star Anchor Trucking, Inc

 

July 7, 2011

 

$

10,102 

Maverick Stimulation Company, LLC, Maverick Coil Tubing Services, LLC, Maverick Thru-Tubing, LLC, Maverick Solutions, LLC, The Maverick Companies, LLC, MCM Holdings, LLC, and MSM Leasing LLC (collectively the "Maverick Companies")

 

July 8, 2011

 

 

186,251 

Pat's P&A, Inc.

 

August 1, 2011

 

 

8,974 

Cryogas Services LLP

 

September 8, 2011

 

 

11,085 

Total 2011

 

 

 

$

216,412 

 

 

 

 

 

 

Mayo Marrs Casing Pulling, Inc.

 

January 13, 2012

 

$

6,644 

SPA Victoria, LP

 

March 16, 2012

 

 

11,948 

Surface Stac, Inc.

 

May 15, 2012

 

 

23,184 

Salt Water Disposal of North Dakota LLC

 

December 19, 2012

 

 

43,190 

Total 2012

 

 

 

$

84,966 

 

 

 

 

 

 

Atlas Environmental Consulting, Inc. and Atlas Oilfield Construction Company, LLC

 

February 19, 2013

 

$

12,979 

Petroleum Water Solutions, LLC

 

February 22, 2013

 

 

3,288 

Karnes Water Management, LLC

 

December 31, 2013

 

 

5,200 

Total 2013

 

 

 

$

21,467 

 

Estimated Fair Value of the Assets Acquired and Liabilities Assumed

 

 

 

 

 

 

Current Assets

$

17,112 

Property and Equipment

 

92,856 

Other Intangible Assets (1)

 

29,400 

Goodwill (2)

 

60,381 

Other Non-Current Assets

 

464 

Total Assets Acquired

$

200,213 

Current Liabilities

$

11,824 

Deferred Income Taxes

 

 -

Total Liabilities Assumed

$

11,824 

Net Assets Acquired

$

188,389 

 

 

 

(1) Other intangible assets consists of customer relationship of $25.3 million, amortizable over 15 years, non-compete agreements of $3.6 million, amortizable over five years, intellectual property of $380,000, amortizable over 15 years, and trade name of $170,000 with an indefinite life.

 

 

(2)  Goodwill is primarily attributable to operational and cost synergies expected to be realized from the acquisition by integrating Maverick’s equipment and assembled workforce. All of the goodwill is expected to be deductible for tax purposes.