Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Segment Reporting Information, by Segment

The following table sets forth certain financial information for our two operating segments and corporate as of and for the three and nine months ended September 30, 2017 and 2016 (amounts in thousands):



	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2017		2016		2017		2016
Production Services Segment:
Revenues	$	74,738	$	40,899	$	199,830	$	116,998
Operating costs	58,304		31,912		156,678		95,503
Segment margin	$	16,434	$	8,987	$	43,152	$	21,495
Identifiable assets	$	252,010	$	246,610	$	252,010	$	246,610
Depreciation and amortization	11,621		12,849		34,753		39,851
Capital expenditures	7,164		2,070		31,282		8,312

Drilling Services Segment:
Revenues	$	42,543	$	27,454	$	120,338	$	88,597
Operating costs	28,386		19,776		81,841		51,989
Segment margin	$	14,157	$	7,678	$	38,497	$	36,608
Identifiable assets	$	440,392	$	463,621	$	440,392	$	463,621
Depreciation and amortization	12,689		15,511		38,681		46,597
Capital expenditures	4,818		7,785		22,313		15,330

Corporate:
Identifiable assets	$	15,040	$	12,566	$	15,040	$	12,566
Depreciation and amortization	313		303		921		961
Capital expenditures	236		175		607		350
Total:
Revenues	$	117,281	$	68,353	$	320,168	$	205,595
Operating costs	86,690		51,688		238,519		147,492
Consolidated margin	$	30,591	$	16,665	$	81,649	$	58,103
Identifiable assets	$	707,442	$	722,797	$	707,442	$	722,797
Depreciation and amortization	24,623		28,663		74,355		87,409
Capital expenditures	12,218		10,030		54,202		23,992

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles the consolidated margin 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 and nine months ended September 30, 2017 and 2016 (amounts in thousands):



	Three months ended September 30,						Nine months ended September 30,
	2017			2016			2017			2016
Consolidated margin	$	30,591		$	16,665		$	81,649		$	58,103
Depreciation and amortization	(24,623		)	(28,663		)	(74,355		)	(87,409		)
General and administrative	(17,528		)	(14,312		)	(51,342		)	(46,078		)
Bad debt (expense) recovery	(491		)	359			98			302
Impairment charges	—			(4,262		)	(795		)	(4,262		)
Gain on dispositions of property and equipment, net	1,159			328			2,251			420
Loss from operations	$	(10,892	)	$	(29,885	)	$	(42,494	)	$	(78,924	)

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

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, 2017 and 2016 (amounts in thousands):



	As of and for the three months ended September 30,				As of and for the nine months ended September 30,
	2017		2016		2017		2016
Revenues	$	7,403	$	622	$	26,379	$	1,979
Identifiable assets ⁽¹⁾	32,340		37,444		32,340		37,444


(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.