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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]  
Carrying Amount and Fair Value of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

 

Carrying Amount

 

Fair Value

 

Carrying Amount

 

Fair Value

 

(In thousands)

7.75% Senior Notes due 2019, excluding premium

 

$          475,000

 

 

$        149,625

 

 

$          475,000

 

 

$        372,875

7.75% Senior Notes due 2022, excluding premium

 

300,000 

 

 

87,030 

 

 

300,000 

 

 

225,000 

 

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

Fracturing/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

 

 

 

Services

 

Balance as of December 31, 2014

 

$

78,011 

 

Goodwill adjustments

 

 

3,866 

 

Goodwill impairment

 

 

(81,877)

 

Balance as of December 31, 2015

 

$

 -

 

 

Amortizable Intangible Assets

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

Customer relationships

 

$

92,660 

 

$

88,576 

Non-Compete agreements

 

 

13,057 

 

 

13,223 

Trade names

 

 

1,939 

 

 

1,939 

Other intangible assets

 

 

2,086 

 

 

2,097 

 

 

 

109,742 

 

 

105,835 

Less accumulated amortization

 

 

42,997 

 

 

34,662 

Intangible assets subject to amortization, net

 

$

66,745 

 

$

71,173 

 

Schedule Of Amortization Expense

 

 

 

 

 

 

Amortization

 

 

Expense

2016 

 

$

8,519 
2017 

 

 

8,001 
2018 

 

 

6,682 
2019 

 

 

6,514 
2020 

 

 

6,403 

Thereafter

 

 

30,626 

 

 

$

66,745 

 

Intangible Assets By Line Of Busniess

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

and Remedial

 

 

 

 

 

 

 

 

 

 

 

 

 

Services

 

Well Servicing

 

Fluid Services

 

Contract Drilling

 

Total

Intangible assets subject to amortization, net

$

49,627 

 

$

5,889 

 

$

8,303 

 

$

2,926 

 

$

66,745