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Business Segment Information
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
Basic’s reportable business segments are Completion and Remedial Services, Water Logistics, Well Servicing, and Contract Drilling. These segments have been selected based on changes in management’s resource allocation and performance assessment in making decisions regarding the Company. The following is a description of the segments:
Completion and Remedial Services:    This segment utilizes a fleet of pumping units, air compressor packages specially configured for underbalanced drilling operations, coiled tubing services, nitrogen services, cased-hole wireline units, an array of specialized rental equipment and fishing tools, thru-tubing and snubbing units. The largest portion of this business consists of pumping services focused on cementing, acidizing and fracturing services in niche markets.
Water Logistics:    This segment utilizes a fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities water treatment and related equipment. Basic employs these assets to provide, transport, store and dispose of a variety of fluids. These services are required in most workover, completion and remedial projects as well as part of daily producing well operations. Also included in this segment are our construction services which provide services for the construction and maintenance of oil and natural gas production infrastructures.
Well Servicing:    This segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. These services are performed to establish, maintain and improve production throughout the productive life of an oil and natural gas well and to plug and abandon a well at the end of its productive life. Basic’s well servicing equipment and capabilities also facilitate most other services performed on a well. This segment also includes the manufacture and servicing of mobile well servicing rigs.
Contract Drilling:    This segment utilizes shallow and medium depth rigs and associated equipment for drilling wells to a specified depth for customers on a contract basis.
Basic’s management evaluates the performance of its operating segments based on operating revenues and segment profits. Corporate expenses include general corporate expenses associated with managing all reportable operating segments. Corporate assets consist principally of working capital and debt financing costs.  
The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands):
 
 
Completion and
 
 
 
 
 
 
 
 
 
 
 
 
Remedial
 
Well
 
Water
 
Contract
 
Corporate
 
 
 
 
Services
 
Servicing
 
Logistics
 
Drilling
 
and Other
 
Total
Successor Year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
433,450

 
$
210,811

 
$
208,784

 
$
10,996

 
$
—

 
$
864,041

Direct operating costs
 
(318,191
)
 
(169,905
)
 
(168,621
)
 
(9,733
)
 
—

 
(666,450
)
Segment profits
 
$
115,259

 
$
40,906

 
$
40,163

 
$
1,263

 
$
—

 
$
197,591

Depreciation and amortization
 
$
52,648

 
$
20,911

 
$
29,210

 
$
1,654

 
$
7,786

 
$
112,209

Capital expenditures
 
$
77,514

 
$
25,077

 
$
32,565

 
$
159

 
$
2,572

 
$
137,887

Successor identifiable assets
 
$
258,711

 
$
109,138

 
$
129,601

 
$
7,205

 
$
315,825

 
$
820,480

 
 
 
 
 
 
 
 
 
 
 
 
 
Predecessor Year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
184,567

 
$
163,966

 
$
191,725

 
$
7,239

 
$
—

 
$
547,497

Direct operating costs
 
(158,762
)
 
(140,274
)
 
(161,535
)
 
(7,079
)
 
—

 
(467,650
)
Segment profits
 
$
25,805

 
$
23,692

 
$
30,190

 
$
160

 
$
—

 
$
79,847

Depreciation and amortization
 
$
87,736

 
$
48,703

 
$
57,119

 
$
6,304

 
$
18,343

 
$
218,205

Capital expenditures
 
$
8,315

 
$
8,727

 
$
17,324

 
$
276

 
$
3,698

 
$
38,340

Predecessor identifiable assets
 
$
215,034

 
$
125,474

 
$
128,725

 
$
14,121

 
$
284,806

 
$
768,160

 
 
 
 
 
 
 
 
 
 
 
 
 
Predecessor Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
307,550

 
$
217,245

 
$
258,597

 
$
22,207

 
$
—

 
$
805,599

Direct operating costs
 
(245,069
)
 
(184,952
)
 
(196,155
)
 
(16,680
)
 
—

 
(642,856
)
Segment profits
 
$
62,481

 
$
32,293

 
$
62,442

 
$
5,527

 
$
—

 
$
162,743

Depreciation and amortization
 
$
83,882

 
$
60,466

 
$
71,280

 
$
14,083

 
$
11,760

 
$
241,471

Capital expenditures, (excluding acquisitions)
 
$
22,384

 
$
18,732

 
$
19,950

 
$
2,431

 
$
6,323

 
$
69,820

Predecessor identifiable assets
 
$
365,574

 
$
233,293

 
$
257,036

 
$
51,930

 
$
230,348

 
$
1,138,181



The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands):
 
 
Successor
 
 
Predecessor
 
Predecessor
 
 
Year ended December 31,
 
 
2017
 
 
2016
 
2015
Segment profits
 
$
197,591

 
 
$
79,847

 
$
162,743

General and administrative expenses
 
(146,458
)
 
 
(135,331
)
 
(143,458
)
Depreciation and amortization
 
(112,209
)
 
 
(218,205
)
 
(241,471
)
Loss on disposal of assets
 
(274
)
 
 
(1,014
)
 
(1,602
)
Restructuring costs
 
—

 
 
(20,743
)
 
—

Goodwill impairment
 
—

 
 
(646
)
 
(81,877
)
Operating loss
 
$
(61,350
)
 
 
$
(296,092
)
 
$
(305,665
)