Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

We have two operating segments referred to as the Drilling Services Segment and the Production Services Segment which is the basis management uses for making operating decisions and assessing performance.

Our Drilling Services Segment provides contract land drilling services to a diverse group of oil and gas exploration and production companies through ourfourdrilling divisions in the US, and internationally in Colombia. In addition to our drilling rigs, we provide the drilling crews and most of the ancillary equipment needed to operate our drilling rigs.

Our Production Services Segment provides a range of services to exploration and production companies, including well servicing, wireline services and coiled tubing services. Our production services operations are concentrated in the major United States onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states and in the Gulf Coast, both onshore and offshore.

The following tables set forth certain financial information for our two operating segments and corporate as of and for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands):

	As of and for the three months ended September 30, 2015
	Drilling Services Segment		Production Services Segment		Corporate		Total
Identifiable assets	$	571,203	$	335,206	$	42,719	$	949,128
Revenues	$	41,238	$	66,242	$	—	$	107,480
Operating costs	22,875		48,643		—		71,518
Segment margin	$	18,363	$	17,599	$	—	$	35,962
Depreciation and amortization	$	17,648	$	17,284	$	325	$	35,257
Capital expenditures	$	30,757	$	4,633	$	148	$	35,538

	As of and for the three months ended September 30, 2014
	Drilling Services Segment		Production Services Segment		Corporate		Total
Identifiable assets	$	779,482	$	442,014	$	43,261	$	1,264,757
Revenues	$	128,117	$	145,150	$	—	$	273,267
Operating costs	88,963		89,993		—		178,956
Segment margin	$	39,154	$	55,157	$	—	$	94,311
Depreciation and amortization	$	28,728	$	16,993	$	360	$	46,081
Capital expenditures	$	36,249	$	16,265	$	151	$	52,665

	As of and for the nine months ended September 30, 2015
	Drilling Services Segment		Production Services Segment		Corporate		Total
Identifiable assets	$	571,203	$	335,206	$	42,719	$	949,128
Revenues	$	198,212	$	238,093	$	—	$	436,305
Operating costs	118,114		170,517		—		288,631
Segment margin	$	80,098	$	67,576	$	—	$	147,674
Depreciation and amortization	$	62,063	$	52,445	$	1,020	$	115,528
Capital expenditures	$	106,447	$	23,786	$	465	$	130,698

	As of and for the nine months ended September 30, 2014
	Drilling Services Segment		Production Services Segment		Corporate		Total
Identifiable assets	$	779,482	$	442,014	$	43,261	$	1,264,757
Revenues	$	373,627	$	398,486	$	—	$	772,113
Operating costs	250,904		250,140		—		501,044
Segment margin	$	122,723	$	148,346	$	—	$	271,069
Depreciation and amortization	$	86,936	$	49,478	$	984	$	137,398
Capital expenditures	$	76,888	$	53,094	$	596	$	130,578

The following table reconciles the segment profits reported above to income from operations as reported on the consolidated statements of operations for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Segment margin	$	35,962		$	94,311		$	147,674		$	271,069
Depreciation and amortization	(35,257		)	(46,081		)	(115,528		)	(137,398		)
General and administrative	(16,814		)	(26,613		)	(56,909		)	(76,372		)
Bad debt recovery (expense)	1,071			(19		)	358			(456		)
Impairment charges	(2,329		)	(678		)	(79,648		)	(678		)
Gain (loss) on dispositions of property and equipment	(605		)	(142		)	2,639			1,589
Gain on sale of fishing and rental services operations	—			10,702			—			10,702
Gain on litigation	—			1,324			—			4,200
Income (loss) from operations	$	(17,972	)	$	32,804		$	(101,414	)	$	72,656

The following table sets forth certain financial information for our international operations in Colombia as of and for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands):

	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2015		2014		2015		2014
Identifiable assets	$	57,777	$	150,287	$	57,777	$	150,287
Revenues	$	2,670	$	22,904	$	36,709	$	70,595

Identifiable assets for our international operations in Colombia include five drilling rigs that are owned by our Colombia subsidiary and three drilling rigs that are owned by one of our domestic subsidiaries and leased to our Colombia subsidiary.