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Segment Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information
We have five operating segments, comprised of two drilling services business segments (domestic and international drilling) and three production services business segments (well servicing, wireline services and coiled tubing services), which reflects the basis used by management in making decisions regarding our business for resource allocation and performance assessment, as required by ASC Topic 280, Segment Reporting.
Our domestic and international drilling services segments provide contract land drilling services to a diverse group of exploration and production companies through our three drilling divisions in the US and internationally in Colombia. We provide a comprehensive service offering which includes the drilling rig, crews, supplies, and most of the ancillary equipment needed to operate our drilling rigs.
Our well servicing, wireline services and coiled tubing services segments provide a range of production services to producers primarily in Texas and the Mid-Continent and Rocky Mountain regions, as well as in North Dakota, Louisiana and Mississippi.
The following tables set forth certain financial information for each of our segments and corporate (amounts in thousands):
 
As of and for the year ended December 31,
 
2019
 
2018
Revenues:
 
 
 
Domestic drilling
$
151,769

 
$
145,676

International drilling
88,932

 
84,161

Drilling services
240,701

 
229,837

Well servicing
115,715

 
93,800

Wireline services
172,931

 
215,858

Coiled tubing services
46,445

 
50,602

Production services
335,091

 
360,260

Consolidated revenues
$
575,792

 
$
590,097

 
 
 
 
Operating costs:
 
 
 
Domestic drilling
$
92,183

 
$
86,910

International drilling
65,007

 
64,074

Drilling services
157,190

 
150,984

Well servicing
83,461

 
67,554

Wireline services
151,145

 
167,337

Coiled tubing services
39,557

 
44,038

Production services
274,163

 
278,929

Consolidated operating costs
$
431,353

 
$
429,913

 
 
 
 
 
As of and for the year ended December 31,
 
2019
 
2018
Gross margin:
 
 
 
Domestic drilling
$
59,586

 
$
58,766

International drilling
23,925

 
20,087

Drilling services
83,511

 
78,853

Well servicing
32,254

 
26,246

Wireline services
21,786

 
48,521

Coiled tubing services
6,888

 
6,564

Production services
60,928

 
81,331

Consolidated gross margin
$
144,439

 
$
160,184

 
 
 
 
Identifiable Assets:
 
 
 
Domestic drilling (1)
$
347,036

 
$
373,370

International drilling (1) (2)
60,026

 
43,213

Drilling services
407,062

 
416,583

Well servicing
116,473

 
118,923

Wireline services
71,887

 
87,912

Coiled tubing services
30,834

 
37,326

Production services
219,194

 
244,161

Corporate
47,698

 
80,806

Consolidated identifiable assets
$
673,954

 
$
741,550

 
 
 
 
Depreciation:
 
 
 
Domestic drilling
$
43,162

 
$
41,289

International drilling
5,665

 
5,628

Drilling services
48,827

 
46,917

Well servicing
19,894

 
19,578

Wireline services
14,772

 
17,945

Coiled tubing services
6,447

 
7,987

Production services
41,113

 
45,510

Corporate
944

 
1,127

Consolidated depreciation
$
90,884

 
$
93,554

 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
Domestic drilling
$
17,889

 
$
23,598

International drilling
4,812

 
6,309

Drilling services
22,701

 
29,907

Well servicing
10,185

 
10,002

Wireline services
5,907

 
15,247

Coiled tubing services
4,736

 
16,558

Production services
20,828

 
41,807

Corporate
1,300

 
1,140

Consolidated capital expenditures
$
44,829

 
$
72,854

(1)
Identifiable assets for our drilling segments include the impact of a $36.1 million and $40.1 million intercompany balance, as of December 31, 2019 and 2018, respectively, between our domestic drilling segment (intercompany receivable) and our international drilling segment (intercompany payable).
(2)
Identifiable assets for our international drilling segment 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.
The following table reconciles the consolidated gross margin of our segments reported above to loss from operations as reported on the consolidated statements of operations (amounts in thousands):
 
Year ended December 31,
 
2019
 
2018
Consolidated gross margin
$
144,439

 
$
160,184

Depreciation
(90,884
)
 
(93,554
)
General and administrative
(91,185
)
 
(74,117
)
Bad debt (expense) recovery, net
79

 
(271
)
Impairment
(2,667
)
 
(4,422
)
Gain on dispositions of property and equipment, net
4,513

 
3,121

Loss from operations
$
(35,705
)
 
$
(9,059
)