Segment Information

3 Months Ended

Mar. 31, 2017

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 table sets forth certain financial information for our two operating segments and corporate as of and for the three months ended March 31, 2017 and 2016 (amounts in thousands):

	As of and for the three months ended March 31,
	2017		2016
Drilling Services Segment:
Revenues	$	39,016	$	33,184
Operating costs	27,107		17,440
Segment margin	$	11,909	$	15,744
Identifiable assets	$	448,552	$	495,442
Depreciation and amortization	13,101		15,678
Capital expenditures	9,838		2,108
Production Services Segment:
Revenues	$	56,741	$	41,768
Operating costs	45,641		34,849
Segment margin	$	11,100	$	6,919
Identifiable assets	$	248,476	$	270,741
Depreciation and amortization	11,591		13,814
Capital expenditures	17,628		3,289
Corporate:
Identifiable assets	$	11,300	$	20,342
Depreciation and amortization	300		332
Capital expenditures	141		96
Total:
Revenues	$	95,757	$	74,952
Operating costs	72,748		52,289
Consolidated margin	$	23,009	$	22,663
Identifiable assets	$	708,328	$	786,525
Depreciation and amortization	24,992		29,824
Capital expenditures	27,607		5,493

The following table reconciles the consolidatedmargin of our two operating segments and corporate reported above to income (loss) from operations as reported on the condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016 (amounts in thousands):

	Three months ended March 31,
	2017			2016
Consolidated margin	$	23,009		$	22,663
Depreciation and amortization	(24,992		)	(29,824		)
General and administrative	(17,724		)	(16,508		)
Bad debt recovery	363			55
Gain on dispositions of property and equipment, net	471			600
Loss from operations	$	(18,873	)	$	(23,014	)

The following table sets forth certain financial information for our international operations in Colombia as of and for the three months ended March 31, 2017 and 2016 (amounts in thousands):

	As of and for the three months ended March 31,
	2017		2016
Revenues	$	10,671	$	1,096
Identifiable assets (1)	34,788		48,729

(1) 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.