Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Provisional Values at Date of Acquisition

The following table summarizes the final values at the date of acquisition, except for the acquisitions completed in 2011 whose values are provisional (in thousands):

	Closing Date		Total Cash Paid (net of cash acquired)
Rocky Mountain Cementers, Inc.		March 1, 2010	$	687
New Tech Systems, Inc		April 20, 2010		900
Taylor Rig, LLC		May 3, 2010		8,734
Platinum Pressure Services, Inc.		December 16, 2010		39,942
Total 2010			$	50,263
Lone Star Anchor Trucking, Inc		July 7, 2011	$	10,102
Maverick Stimulation Company, LLC, Maverick Coil Tubing Services, LLC, Maverick Thru-Tubing, 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		23,184
Salt Water Disposal of North Dakota LLC		December 19, 2012		43,190
Total 2012			$	84,966

Estimated Fair Value of the Assets Acquired and Liabilities Assumed

The following table summarizes the 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

(1) Other intangible assets consists of customer relationship of $25.3 million, amortizable over 15 years, non-compete agreements of $3.6 million, amortizable over five years, intellectual property of $380,000, amortizable over 15 years, and trade name of $170,000 with an indefinite life.

(2) Goodwill is primarily attributable to operational and cost synergies expected to be realized from the acquisition by integrating Maverick’s equipment and assembled workforce. All of the goodwill is expected to be deductible for tax purposes.