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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2011
OFS Energy Services LLC
 
Changes in the estimated fair values of the assets acquired and liabilities assumed

The following table summarizes the changes in the estimated fair values of the assets acquired and liabilities assumed between December 31, 2010 and June 30, 2011. We finalized the third-party valuations of the tangible and intangible assets during the second quarter and our acquisition accounting is final.

 

     June 30,
2011
     December 31,
2010
 
     (in thousands)  

At October 1, 2010:

     

Cash and cash equivalents

   $ 539       $ 539   

Acounts receivable

     23,335         23,384   

Other current assets

     1,372         1,372   

Property and equipment

     101,734         108,152   

Intangible assets

     17,696         20,988   

Deferred tax asset

     1,851         1,851   
  

 

 

    

 

 

 

Total identifiable assets acquired

     146,527         156,286   
  

 

 

    

 

 

 

Current liabilities

     18,881         18,498   

Other liabilities

     707         1,134   
  

 

 

    

 

 

 

Total liabilities assumed

     19,588         19,632   
  

 

 

    

 

 

 

Net identifiable assets acquired

     126,939         136,654   
  

 

 

    

 

 

 

Goodwill

     102,799         93,084   
  

 

 

    

 

 

 

Net assets acquired

   $ 229,738       $ 229,738   
  

 

 

    

 

 

 
Five J A B, Inc and Affiliates
 
Changes in the estimated fair values of the assets acquired and liabilities assumed

The following table summarizes the changes in the estimated fair values of the assets acquired between December 31, 2010 and June 30, 2011. We completed the valuations of the property and equipment and intangible assets acquired during the second quarter and our acquisition accounting is final.

 

     June 30,
2011
     December 31,
2010
 
     (in thousands)  

At November 15, 2010:

     

Property and equipment

   $ 9,560       $ 14,583   

Intangible assets

     2,512           
  

 

 

    

 

 

 

Total identifiable assets acquired

     12,072         14,583   
  

 

 

    

 

 

 

Total liabilities assumed

               
  

 

 

    

 

 

 

Net identifiable assets acquired

     12,072         14,583   
  

 

 

    

 

 

 

Goodwill

     2,511           
  

 

 

    

 

 

 

Net assets acquired

   $ 14,583       $ 14,583   
  

 

 

    

 

 

 
Enhanced Oilfield Technologies, LLC
 
Changes in the estimated fair values of the assets acquired and liabilities assumed

The following table summarizes the changes in the estimated fair values of the assets acquired between December 31, 2010 and June 30, 2011. We are in the process of finalizing third-party valuations of the intangible assets acquired; thus, the provisional measurements of intangible assets and goodwill are preliminary and subject to change.

 

     June 30,
2011
     December 31,
2010
 
     (in thousands)  

At December 15, 2010:

     

Intangible assets

   $ 4,420       $ 7,000   
  

 

 

    

 

 

 

Total identifiable assets acquired

     4,420         7,000   
  

 

 

    

 

 

 

Contingent consideration

     2,800           
  

 

 

    

 

 

 

Total liabilities assumed

     2,800           
  

 

 

    

 

 

 

Net identifiable assets acquired

     1,620         7,000   
  

 

 

    

 

 

 

Goodwill

     10,080         4,700   
  

 

 

    

 

 

 

Net assets acquired

   $ 11,700       $ 11,700