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Business Segment Information
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): 
 
Completion
 
 
 
 
 
 
and Remedial
Fluid
Well
Contract
Corporate
 
 
Services
Services
Servicing
Drilling
 and Other
Total
Three Months Ended June 30, 2017 (Unaudited)
(Successor)
 
 
 
 
 
Operating revenues
$
107,385

50,740

53,054

2,117

$
—

$
213,296

Direct operating costs
(81,199
)
(41,580
)
(41,796
)
(1,863
)
—

$
(166,438
)
Segment profits
$
26,186

$
9,160

$
11,258

$
254

$
—

$
46,858

Depreciation and amortization
$
12,412

$
6,637

$
4,636

$
501

$
1,770

$
25,956

Capital expenditures (excluding acquisitions)
$
25,849

$
8,916

$
5,116

$
(36
)
$
1,004

$
40,849

Three Months Ended June 30, 2016 (Unaudited)
(Predecessor)
 
 
 
 
 
Operating revenues
$
36,228

$
45,491

$
36,824

$
1,461

$
—

$
120,004

Direct operating costs
(32,860
)
(38,619
)
(31,847
)
(1,368
)
—

(104,694
)
Segment profits
$
3,368

$
6,872

$
4,977

$
93

$
—

$
15,310

Depreciation and amortization
$
18,954

$
16,145

$
13,886

$
3,201

$
2,661

$
54,847

Capital expenditures (excluding acquisitions)
$
935

$
3,031

$
2,303

$
—

$
1,526

$
7,795

Six Months Ended June 30, 2017 (Unaudited)
(Successor)
 
 
 
 
 
Operating revenues
$
187,817

100,946

101,672

4,880

$
—

$
395,315

Direct operating costs
(148,451
)
(83,118
)
(82,712
)
(4,271
)
—

$
(318,552
)
Segment profits
$
39,366

$
17,828

$
18,960

$
609

$
—

$
76,763

Depreciation and amortization
$
24,563

$
13,136

$
9,176

$
991

$
3,503

$
51,369

Capital expenditures (excluding acquisitions)
$
58,058

$
16,337

$
13,493

$
17

$
1,247

$
89,152

Identifiable assets
$
268,381

$
133,557

$
109,817

$
10,025

$
264,586

$
786,366

Six Months Ended June 30, 2016 (Unaudited)
(Predecessor)
 
 
 
 
 
Operating revenues
$
75,924

$
95,741

$
75,731

$
2,965

$
—

$
250,361

Direct operating costs
(67,648
)
(79,786
)
(66,318
)
(2,929
)
—

(216,681
)
Segment profits
$
8,276

$
15,955

$
9,413

$
36

$
—

$
33,680

Depreciation and amortization
$
38,359

$
32,673

$
28,102

$
6,479

$
5,386

$
110,999

Capital expenditures (excluding acquisitions)
$
1,511

$
6,178

$
3,454

$
113

$
2,506

$
13,762

Identifiable assets
$
324,114

$
227,006

$
209,498

$
45,976

$
271,764

$
1,078,358


 
The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2017
 
 
2016
 
2017
 
 
2016
 
 
(Successor)
 
 
(Predecessor)
 
(Successor)
 
 
(Predecessor)
Segment profits
 
$
46,858

 
 
$
15,310

 
$
76,763

 
 
$
33,680

General and administrative expenses
 
(36,037
)
 
 
(27,078
)
 
(70,241
)
 
 
(56,640
)
Depreciation and amortization
 
(25,956
)
 
 
(54,847
)
 
(51,369
)
 
 
(110,999
)
Gain (loss) on disposal of assets
 
223

 
 
(336
)
 
690

 
 
(261
)
Operating loss
 
$
(14,912
)
 
 
$
(66,951
)
 
$
(44,157
)
 
 
$
(134,220
)