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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating revenues:        
Total operating revenues $ 867,478 $ 684,989 $ 2,531,060 $ 1,569,350
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 281,652 196,642 703,928 572,187
Selling, general and administrative 32,820 28,817 101,300 71,147
Merger and integration expenses   9,449 2,738 65,798
Other operating income, net [1] (771) (3,791) (10,321) (18,501)
Total operating costs and expenses 947,759 723,005 2,642,447 1,840,241
Operating loss (80,281) (38,016) (111,387) (270,891)
Other income (expense):        
Interest income 817 101 4,600 1,149
Interest expense, net of amount capitalized (12,376) (9,584) (38,668) (26,929)
Other 281 78 666 226
Total other expense (11,278) (9,405) (33,402) (25,554)
Loss before income taxes (91,559) (47,421) (144,789) (296,445)
Income tax benefit (16,517) (13,652) (24,617) (106,953)
Net loss $ (75,042) $ (33,769) $ (120,172) $ (189,492)
Net loss per common share:        
Basic $ (0.34) $ (0.16) $ (0.55) $ (0.99)
Diluted $ (0.34) $ (0.16) $ (0.55) $ (0.99)
Weighted average number of common shares outstanding:        
Basic 218,059 211,875 219,635 191,237
Diluted 218,059 211,875 219,635 191,237
Cash dividends per common share $ 0.04 $ 0.02 $ 0.10 $ 0.06
Contract Drilling        
Operating revenues:        
Total operating revenues $ 365,280 $ 301,614 $ 1,043,005 $ 730,453
Operating costs and expenses:        
Operating costs and expenses 226,373 186,957 656,630 475,836
Pressure Pumping        
Operating revenues:        
Total operating revenues 421,606 362,441 1,253,693 793,659
Operating costs and expenses:        
Operating costs and expenses 342,498 290,315 1,006,353 643,228
Directional Drilling        
Operating revenues:        
Total operating revenues 51,556   152,877  
Operating costs and expenses:        
Operating costs and expenses 44,740   126,114  
Other        
Operating revenues:        
Total operating revenues 29,036 20,934 81,485 45,238
Operating costs and expenses:        
Operating costs and expenses $ 20,447 $ 14,616 $ 55,705 $ 30,546
[1] Other operating income, net includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes certain legal-related expenses and settlements, net of insurance reimbursements.