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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2012
Acquisitions [Abstract]  
Schedule of Provisional Values at Date of Acquisition

The following table summarizes the provisional values for the Mayo Marrs Casing Pulling, Inc., SPA Victoria, LP and Surface Stac, Inc. acquisitions and the final values for the remaining acquisitions at the date of acquisition (in thousands):

 

                 
    Closing Date     Total Cash Paid (net of cash
acquired)
 

Lone Star Anchor Trucking, Inc.

    July 7, 2011     $ 10,102  

Maverick Stimulation Company, LLC, Maverick Coil Tubing Services, LLC, Maverick Thru-Tubing Services, LLC, Maverick Solutions, LLC, The Maverick Companies, LLC, MCM Holdings, LLC, and MSM Leasing, LLC (collectively the “Maverick Companies”)

    July 8, 2011     $ 186,251  

Pat’s P&A, Inc.

    August 1, 2011     $ 8,974  

Cryogas Services LLP

    September 8, 2011     $ 11,085  
           

 

 

 

Total 2011

          $ 216,412  
           

 

 

 

Mayo Marrs Casing Pulling, Inc.

    January 13, 2012     $ 6,644  

SPA Victoria, LP

    March 16, 2012     $ 11,948  

Surface Stac, Inc.

    May 15, 2012     $ 24,551  
           

 

 

 

Total 2012

          $ 43,143  
           

 

 

 
Estimated Fair Value of the Assets Acquired and Liabilities Assumed

The following table summarizes the final estimated fair value of the assets acquired and liabilities assumed at the date of acquisition for the Maverick Companies (in thousands):

 

         

Current Assets

  $ 17,112  

Property and Equipment

    92,856  

Other Intangible Assets (1)

    29,400  

Goodwill (2)

    60,381  

Other Non-Current Assets

    464  
   

 

 

 

Total Assets Acquired

  $ 200,213  
   

 

 

 

Current Liabilities

  $ 11,824  

Deferred Income Taxes

    —    
   

 

 

 

Total Liabilities Assumed

  $ 11,824  
   

 

 

 

Net Assets Acquired

  $ 188,389  
   

 

 

 
Summary of Pro forma Information

The following unaudited pro forma results of operations have been prepared as though the Maverick Companies acquisition had been completed on January 1, 2010.

         
    Nine Months Ended  
    September 30, 2011  

Revenues

  $ 944,277  

Net income

  $ 27,641  

Earnings per common share - basic

  $ 0.69  

Earnings per common share - diluted

  $ 0.67