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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating revenues:      
Total operating revenues $ 1,124,249,000 $ 2,470,685,000 $ 3,326,997,000
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 670,910,000 1,003,873,000 916,318,000
Impairment of goodwill 395,060,000 17,800,000 211,129,000
Selling, general and administrative 97,611,000 133,513,000 134,071,000
Credit loss expense 5,606,000 5,683,000 0
Merger and integration expenses     2,738,000
Restructuring expenses 38,338,000    
Other operating expenses (income), net 7,059,000 (2,305,000) (17,569,000)
Total operating costs and expenses 2,016,507,000 2,932,261,000 3,649,174,000
Operating loss (892,258,000) (461,576,000) (322,177,000)
Other income (expense):      
Interest income 1,254,000 6,013,000 5,597,000
Interest expense, net of amount capitalized (40,770,000) (75,204,000) (51,578,000)
Other 756,000 389,000 750,000
Total other expense (38,760,000) (68,802,000) (45,231,000)
Loss before income taxes (931,018,000) (530,378,000) (367,408,000)
Income tax benefit (127,326,000) (104,675,000) (45,987,000)
Net loss $ (803,692,000) $ (425,703,000) $ (321,421,000)
Net loss per common share:      
Basic $ (4.27) $ (2.10) $ (1.47)
Diluted $ (4.27) $ (2.10) $ (1.47)
Weighted average number of common shares outstanding:      
Basic 188,013 203,039 218,643
Diluted 188,013 203,039 218,643
Contract Drilling      
Operating revenues:      
Total operating revenues $ 669,126,000 $ 1,308,350,000 $ 1,430,492,000
Operating costs and expenses:      
Operating costs and expenses 380,822,000 785,355,000 885,704,000
Impairment of goodwill 395,060,000 0 0
Pressure Pumping      
Operating revenues:      
Total operating revenues 336,111,000 868,694,000 1,573,396,000
Operating costs and expenses:      
Operating costs and expenses 310,261,000 724,788,000 1,263,850,000
Directional Drilling      
Operating revenues:      
Total operating revenues 73,356,000 188,786,000 209,275,000
Operating costs and expenses:      
Operating costs and expenses 69,050,000 178,645,000 175,829,000
Other      
Operating revenues:      
Total operating revenues 45,656,000 104,855,000 113,834,000
Operating costs and expenses:      
Operating costs and expenses $ 41,790,000 $ 84,909,000 $ 77,104,000