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Segment Information
3 Months Ended
Mar. 31, 2016
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 exploration and production companies through our four drilling 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, including well servicing, wireline services and coiled tubing services, to a diverse group of exploration and production companies, with our operations 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 months ending March 31, 2016 and 2015 (amounts in thousands):
 
As of and for the three months ended March 31, 2016
 
Drilling
Services
Segment
 
Production
Services
Segment
 
Corporate
 
Total
Identifiable assets
$
495,442

 
$
270,741

 
$
20,342

 
$
786,525

Revenues
$
33,184

 
$
41,768

 
$

 
$
74,952

Operating costs
17,440

 
34,849

 

 
52,289

Segment and combined margin
$
15,744

 
$
6,919

 
$

 
$
22,663

Depreciation and amortization
$
15,678

 
$
13,814

 
$
332

 
$
29,824

Capital expenditures
$
2,108

 
$
3,289

 
$
96

 
$
5,493

 
As of and for the three months ended March 31, 2015
 
Drilling
Services
Segment
 
Production
Services
Segment
 
Corporate
 
Total
Identifiable assets
$
687,719

 
$
435,295

 
$
836

 
$
1,123,850

Revenues
$
98,415

 
$
95,399

 
$

 
$
193,814

Operating costs
62,295

 
68,769

 

 
131,064

Segment and combined margin
$
36,120

 
$
26,630

 
$

 
$
62,750

Depreciation and amortization
$
23,600

 
$
17,833

 
$
349

 
$
41,782

Capital expenditures
$
33,056

 
$
15,457

 
$
303

 
$
48,816

The following table reconciles the combined margin reported above to income from operations as reported on the consolidated statements of operations for the three months ended March 31, 2016 and 2015 (amounts in thousands):
 
Three months ended March 31,
 
2016
 
2015
Combined margin
$
22,663

 
$
62,750

Depreciation and amortization
(29,824
)
 
(41,782
)
General and administrative
(16,508
)
 
(21,860
)
Bad debt (expense) recovery
55

 
(319
)
Impairment charges

 
(5,990
)
Gain (loss) on dispositions of property and equipment, net
600

 
(1,133
)
Loss from operations
$
(23,014
)
 
$
(8,334
)

The following table sets forth certain financial information for our international operations in Colombia as of and for the three months ended March 31, 2016 and 2015 (amounts in thousands):
 
As of and for the three months ended March 31,
 
2016
 
2015
Identifiable assets
$
48,729

 
$
135,184

Revenues
$
1,096

 
$
19,961


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. Due to the downturn in our industry and the resulting loss of drilling contracts, we recognized impairment charges of $60.2 million in 2015 to reduce the carrying values of all eight drilling rigs in Colombia and related drilling equipment, as well as inventory and nonrecoverable prepaid taxes associated with our Colombian operations.