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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Financial Information with Respect to Reportable Segments
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

Reconciliation of Segment Profits to Consolidated Operating Loss
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
)