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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]  
Carrying Amount and Fair Value of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

Carrying Amount

 

Fair Value

 

Carrying Amount

 

Fair Value

 

(In thousands)

7.75% Senior Notes due 2019, excluding premium

 

$          475,000

 

 

$        372,875

 

 

$          475,000

 

 

$        496,375

7.75% Senior Notes due 2022, excluding premium

 

300,000 

 

 

225,000 

 

 

300,000 

 

 

309,750 

 

Summary of Estimated Useful Lives of the Assets

 

 

Buildings and improvements

20-30 years

Well service units and equipment

3-15 years

Fluid services equipment

5-10 years

Brine and fresh water stations

15 years

Frac/test tanks

10 years

Pumping equipment

5-10 years

Construction equipment

3-10 years

Contract drilling equipment

3-10 years

Disposal facilities

10-15 years

Vehicles

3-7 years

Rental equipment

2-15 years

Aircraft

10 years

Software and computers

3 years

 

Changes in Carrying Amount of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and Remedial

 

Fluid

 

Well

 

Contract

 

 

 

 

 

Services

 

Services

 

Servicing

 

Drilling

 

Total

Balance as of December 31, 2013

 

$

77,696 

 

$

26,596 

 

$

6,622 

 

$

 -

 

$

110,914 

Goodwill additions

 

 

315 

 

 

1,485 

 

 

 -

 

 

 -

 

 

1,800 

Goodwill impairment

 

 

 -

 

 

(28,081)

 

 

(6,622)

 

 

 -

 

 

(34,703)

Balance as of December 31, 2014

 

$

78,011 

 

$

 -

 

$

 -

 

$

 -

 

$

78,011 

 

Amortizable Intangible Assets

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

Customer relationships

 

$

88,576 

 

$

87,139 

Non-Compete agreements

 

 

13,223 

 

 

13,004 

Trade names

 

 

1,939 

 

 

1,939 

Other intangible assets

 

 

2,097 

 

 

2,086 

 

 

 

105,835 

 

 

104,168 

Less accumulated amortization

 

 

34,662 

 

 

26,613 

Intangible assets subject to amortization, net

 

$

71,173 

 

$

77,555 

 

Intangible Assets By Line Of Busniess

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

and Remedial

 

 

 

 

 

 

 

 

 

 

 

 

 

Services

 

Well Servicing

 

Fluid Services

 

Contract Drilling

 

Total

Intangible assets subject to amortization, net

$

52,483 

 

$

5,371 

 

$

9,976 

 

$

3,343 

 

$

71,173