Basic Energy Services (BASWQ) 10-Q 3 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 30, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	bas
Entity Registrant Name	BASIC ENERGY SERVICES INC
Entity Central Index Key	1,109,189
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		42,629,435

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 91,822	$ 79,915
Trade accounts receivable, net of allowance of $1,450 and $2,032, respectively	126,429	247,069
Accounts receivable - related parties	35	161
Income tax receivable	2,167	3,121
Inventories	40,608	44,557
Prepaid expenses	13,793	15,779
Other current assets	10,207	9,934
Deferred tax assets	16,651	14,664
Total current assets	301,712	415,200
Property and equipment, net	925,738	1,007,969
Deferred debt costs, net of amortization	14,673	15,350
Goodwill	81,877	78,011
Other intangible assets, net of amortization	68,760	71,173
Other assets	9,314	9,474
Total assets	1,402,074	1,597,177
Current liabilities:
Accounts payable	27,144	50,618
Accrued expenses	74,606	90,810
Current portion of long-term debt	46,280	48,575
Other current liabilities	3,304	6,135
Total current liabilities	151,334	196,138
Long-term debt, net of unamortized premium on notes of $1,090 and $1,217, respectively	850,887	882,572
Deferred tax liabilities	107,450	147,621
Other long-term liabilities	$ 30,147	$ 28,193
Commitments and contingencies
Stockholders' equity:
Preferred stock; $0.01 par value; 5,000,000 shares authorized; none designated or issued at June 30, 2015 and December 31, 2014
Common stock; $0.01 par value; 80,000,000 shares authorized; 43,500,032 shares issued and 42,632,862 shares outstanding at June 30, 2015; 43,500,032 shares issued and 42,241,719 shares outstanding at December 31, 2014	$ 435	$ 435
Additional paid-in capital	368,641	369,920
Retained deficit	(95,986)	(15,067)
Treasury stock, at cost, 867,170 and 1,258,313 shares at June 30, 2015 and December 31, 2014, respectively	(10,834)	(12,635)
Total stockholders' equity	262,256	342,653
Total liabilities and stockholders' equity	$ 1,402,074	$ 1,597,177

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Allowance for trade accounts receivable	$ 1,450	$ 2,032
Unamortized premium on notes	$ 1,090	$ 1,217
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	43,500,032	43,500,032
Common stock, shares outstanding	42,632,862	42,241,719
Treasury stock, shares	867,170	1,258,313

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Total revenues	$ 193,596	$ 359,662	$ 455,317	$ 696,418
Expenses:
General and administrative, including stock-based compensation of $3,270 and $3,733 in three months ended June 30, 2015 and 2014, and $7,239 and $7,121 in the six months ended June 30, 2015 and 2014, respectively	35,673	42,953	74,877	82,512
Depreciation and amortization	60,231	51,785	121,160	103,490
(Gain) loss on disposal of assets	(57)	916	(9)	237
Total expenses	252,421	338,584	547,912	661,356
Operating income (loss)	(58,825)	21,078	(92,595)	35,062
Other income (expense):
Interest expense	(16,841)	(16,566)	(33,704)	(33,425)
Interest income	4	13	10	26
Other income	215	107	335	473
Income (loss) before income taxes	(75,447)	4,632	(125,954)	2,136
Income tax benefit (expense)	27,152	(2,188)	45,035	(1,600)
Net income (loss)	$ (48,295)	$ 2,444	$ (80,919)	$ 536
Earnings (loss) per share of common stock:
Basic	$ (1.20)	$ 0.06	$ (2)	$ 0.01
Diluted	$ (1.20)	$ 0.06	$ (2)	$ 0.01
Completion and Remedial Services
Revenues:
Total revenues	$ 69,056	$ 164,366	$ 181,831	$ 301,851
Expenses:
Expenses	57,670	102,617	138,921	189,097
Depreciation and amortization	21,056	16,040	42,356	32,044
Fluid Services
Revenues:
Total revenues	63,704	90,314	137,506	183,149
Expenses:
Expenses	48,381	65,055	102,512	131,837
Depreciation and amortization	17,515	15,926	35,233	31,851
Well Servicing
Revenues:
Total revenues	56,500	89,629	120,168	182,541
Expenses:
Expenses	47,035	64,748	99,437	134,508
Depreciation and amortization	15,284	13,939	30,745	27,848
Contract Drilling
Revenues:
Total revenues	4,336	15,353	15,812	28,877
Expenses:
Expenses	$ 3,488	$ 10,510	$ 11,014	$ 19,675

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements of Operations [Abstract]
Stock-based compensation included in general and administrative expense	$ 3,270	$ 3,733	$ 7,239	$ 7,121

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Deficit	Total
Beginning Balance (in shares) at Dec. 31, 2014	43,500,032
Beginning Balance at Dec. 31, 2014	$ 435	$ 369,920	$ (12,635)	$ (15,067)	$ 342,653
Issuances of restricted stock		(3,779)	3,779
Amortization of share-based compensation		7,239			7,239
Purchase of treasury stock			(4,561)		(4,561)
Exercise of stock options		(4,739)	2,583		(2,156)
Net loss				(80,919)	(80,919)
Ending Balance (in shares) at Jun. 30, 2015	43,500,032
Ending Balance at Jun. 30, 2015	$ 435	$ 368,641	$ (10,834)	$ (95,986)	$ 262,256

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ (80,919)	$ 536
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	121,160	103,490
Accretion on asset retirement obligation	66	64
Change in allowance for doubtful accounts	(582)	(336)
Amortization of deferred financing costs	1,525	1,605
Amortization of premium on notes	(126)	(118)
Non-cash compensation	7,239	7,121
(Gain) loss on disposal of assets	(9)	237
Deferred income taxes	(45,037)	701
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	121,348	(28,170)
Inventories	3,949	(6,720)
Prepaid expenses and other current assets	(978)	(3,917)
Other assets	160	(824)
Accounts payable	(23,474)	9,229
Income tax receivable / payable	954	269
Other liabilities	(956)	3,761
Accrued expenses	(16,204)	7,083
Net cash provided by operating activities	88,116	94,011
Cash flows from investing activities:
Purchase of property and equipment	(34,823)	(107,384)
Proceeds from sale of assets	6,411	25,875
Payments for other long-term assets		(673)
Net cash used in investing activities	(28,412)	(82,182)
Cash flows from financing activities:
Payments of debt	(43,111)	(22,346)
Purchase of treasury stock	(4,562)	(6,243)
Tax withholding from exercise of stock options	(3)	(362)
Exercise of employee stock options	727	4,646
Deferred loan costs and other financing activities	(848)	(62)
Net cash used in financing activities	(47,797)	(24,367)
Net increase (decrease) in cash and equivalents	11,907	(12,538)
Cash and cash equivalents - beginning of period	79,915	111,532
Cash and cash equivalents - end of period	$ 91,822	$ 98,994

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	6 Months Ended
	Jun. 30, 2015
Basis of Presentation and Nature of Operations [Abstract]
Basis of Presentation and Nature of Operations	1. Basis of Presentation and Nature of Operations Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the December 31, 2014 Form 10-K. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements. Nature of Operation s Basic provides a wide range of well site services to oil and natural gas drilling and producing companies , including completion and remedial services, fluid services, well servicing and contract drilling. These services are primarily provided using Basic’s fleet of equipment. Basic’s operations are concentrated in the major United States onshore oil and gas producing regions in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah, Montana, West Virginia, Ohio, California, Kentucky and Pennsylvania . Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic and its wholly owned subsidiaries. Basic has no variable interest in any other organization, entity, partnership or contract. All intercompany transactions and balances have been eliminated. Estimates and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management uses historical and other pertinent information to determine these estimates. Actual results could differ from those estimates. Areas where critical accounting estimates are made by management include: · Depreciation and amortization of property and equipment and intangible assets · Impairment of property and equipment, goodwill and intangible assets · Allowance for doubtful accounts · Litigation and self-insured risk reserves · Fair value of assets acquired and liabilities assumed in an acquisition · Stock-based compensation · Income taxes

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Acquisitions [Abstract]
Acquisitions	2. Acquisitions In 2014, Basic acquired substantially all of the assets of the following business, which was accounted for using the purchase method of accounting. During the six months ended June 30, 2015, Basic did not complete any acquisitions. The following table summarizes the preliminary values for the acquisition at the date of acquisition (in thousands): Total Cash Paid Closing Date (net of cash acquired) Pioneer Fishing & Rental Services, LLC September 17, 2014 $ Total 2014 $ The operations of the acquisition listed above are included in Basic’s consolidated statement of operations as of the closing date. In the second quarter, the company updated its purchase price allocation, reducing property plant and equipment by $5.8 million and increasing goodwill by $3.8 million and intangibles by $2.0 million. The provisional purchase price allocation used with respect to Pioneer Fishing & Rental Services, LLC will be finalized once the valuation of the tangible and intangible assets is complete.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	3. Goodwill and Other Intangible Assets Additions to goodwill during the six months ended June 30, 2015 were primarily due to adjustments to the preliminary purchase price allocation for acquisitions completed in prior year. The changes in carrying amount of goodwill for the six months ended June 30 , 2015 were as follows (in thousands): Completion And Remedial Services Balance as of December 31, 2014 $ Goodwill adjustments Balance as of June 30, 2015 $ Basic’s intangible assets subject to amortization were as follows (in thousands): June 30, 2015 December 31, 2014 Customer relationships $ $ Non-compete agreements Trade names Other intangible assets Less accumulated amortization Intangible assets subject to amortization, net $ $ Amortization expense for the three months ended June 30 , 2015 and 2014 was approximately $2.3 million and $2.1 million, respectively. Amortization expense for the six months ended June 30 , 2015 and 2014 was approximately $4.4 million and $4.3 million, respectively. Intangible assets, net of accumulated amortization allocated to reporting units as of June 30 , 2015 were as follows (in thousands): Completion And Remedial Services Well Servicing Fluid Services Contract Drilling Total Intangible assets subject to amortization, net $ $ $ $ $ Customer relationships are amortized over a 15 -year life, non-compete agreements are amortized over a five -year life, and other intangible assets and trade names are amortized over a 15 - year life.

Property And Equipment

Property And Equipment	6 Months Ended
	Jun. 30, 2015
Property And Equipment [Abstract]
Property And Equipment	4. Property and Equipment Property and equipment consisted of the following (in thousands): June 30, 2015 December 31, 2014 Land $ $ Buildings and improvements Well service units and equipment Fluid services equipment Brine and fresh water stations Frac/test tanks Pumping equipment Construction equipment Contract drilling equipment Disposal facilities Light vehicles Rental equipment Aircraft — Software Other Less accumulated depreciation and amortization Property and equipment, net $ $ Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above consisted of the following (in thousands): June 30, 2015 December 31, 2014 Light vehicles $ $ Contract drilling equipment Well service units and equipment Fluid services equipment Pumping equipment Construction equipment Software Other — Less accumulated amortization $ $ Amortization of assets held under capital leases of approximately $ 10.4 million and $ 8.8 million for the three months ended June 30, 2015 and 2014 , respectively and $21.2 million and $17.3 million for the six months ended June 30, 2015 and 2014, respectively, is included in depreciation and amortization expense in the consolidated statements of operations.

Long-Term Debt and Interest Exp

Long-Term Debt and Interest Expense	6 Months Ended
	Jun. 30, 2015
Long-Term Debt and Interest Expense [Abstract]
Long-Term Debt	5. Long-Term Debt and Interest Expense Long-term debt consisted of the following (in thousands): June 30, 2015 December 31, 2014 Credit Facilities: Revolver $ — $ 7.75% Senior Notes due 2019 7.75% Senior Notes due 2022 Unamortized premium Capital leases and other notes Less current portion $ $ On April 21, 2015, Basic entered into an amendment to its existing $300 million Amended and Restated Credit Agreement (as so amended, the “Modified Facility”) with a syndicate of lenders and Bank of America, N.A., as administrative agent for the lenders, that, among other things: (A) reduces the maximum aggregate commitments thereunder from $300 million to $250 million; (B) permits credit extensions under the Modified Facility based on availability under a borrowing base comprised of eligible billed accounts receivable, eligible unbilled accounts receivable and eligible equipment of Basic; and (C) provides for the replacement of the existing financial covenants with new financial covenants, which apply only if availability under the Modified Facility is less than the greater of (i) 25% of the aggregate commitments outstanding, or (ii) $62.5 million. If that circumstance exists, Basic will be required to maintain (a) a consolidated senior secured leverage ratio not to exceed 2.50 to 1.00 and (b) a consolidated fixed charge coverage ratio not less than 1.00 to 1.00. A s of June 30, 2015, Basic had no borrowings and $48.5 million of letters of credit outstanding under its $250.0 million Amended and Restated Credit Agreement , dated as of April 21, 2015 (the “Modified Facility”) , giving Basic $116.0 million of available borrowing capacity on a pro forma basis . Basic’s interest expense consisted of the following (in thousands): Six Months ended June 30, 2015 2014 Cash payments for interest $ $ Commitment and other fees paid Amortization of debt issuance costs and discount or premium on notes Change in accrued interest Other $ $

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Environmental Basic is subject to various federal, state and local environmental laws and regulations that establish standards and requirements for protection of the environment. Basic cannot predict the future impact of such standards and requirements, which are subject to change and can have retroactive effectiveness. Basic continues to monitor the status of these laws and regulations. Management believes that the likelihood of any of these items resulting in a material adverse impact to Basic’s financial position, liquidity, capital resources or future results of operations is remote. Currently, Basic has not been fined, cited or notified of any environmental violations that would have a material adverse effect upon its financial position, liquidity or capital resources. However, management does recognize that by the very nature of its business, material costs could be incurred in the near term to bring Basic into total compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible contamination, the unknown timing and extent of the corrective actions which may be required, the determination of Basic’s liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnification. Litigation From time to time, Basic is a party to litigation or other legal proceedings that Basic considers to be a part of the ordinary course of business. Basic is not currently involved in any legal proceedings that it considers probable or reasonably possible, individually or in the aggregate, to result in a material adverse effect on its financial condition, results of operations or liquidity. Self-Insured Risk Accruals Basic is self-insured up to retention limits as it relates to workers’ compensation, general liability claims, and medical and dental coverage of its employees. Basic generally maintains no physical property damage coverage on its workover rig fleet, with the exception of certain of its 24-hour workover rigs and newly manufactured rigs. Basic has deductibles per occurrence for workers’ compensation, general liability claims, automobile liability and medical and dental coverage of $ 5.0 million, $ 1.0 million, $1.0 million, and $ 400,000 , respectively. Basic maintains accruals in the accompanying consolidated balance sheets related to self-insurance retentions based upon third-party data and claims history. At June 30, 2015 and December 31, 2014 , self-insured risk accruals totaled approximately $ 32.6 million and $ 33.4 million, respectively. During the second quarter of 2015, Basic accrued $4.5 million related to a customer audit. This amount will be settled throughout the remainder of 2015 and 2016.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity [Abstract]
Stockholders’ Equity	7. Stockholders’ Equity Common Stock In March 2015, Basic granted various employees 888,104 restricted shares of common stock that vest over a three -year period. During the six months ended June 30, 2015 , Basic issued 103,750 shares of common stock from treasury stock for the exercise of stock options. Treasury Stock During the first six months of 2015 , Basic repurchased 513,600 shares for a total price of approximately $3.4 million (an average of approximately $6.67 per share), inclusive of commissions and fees. As of June 30 , 2015 , Basic may purchase up to an additional $10.5 million of Basic’s shares of common stock under the repurchase program. Basic has acquired treasury shares through net share settlements for payment of payroll taxes upon the vesting of restricted stock. Basic acquired a total of 203,594 shares through net share settlements during the first six months of 2015 and 250,461 shares through net share settlements during the first six months of 2014.

Incentive Plan

Incentive Plan	6 Months Ended
	Jun. 30, 2015
Incentive Plan [Abstract]
Incentive Plan	8. Incentive Plan During the three months ended June 30, 2015 and 2014 , compensation expense related to share-based arrangements was approximately $ 3.3 million and $ 3.7 million, respectively. For compensation expense recognized during the three months ended June 30, 2015 and 2014 , Basic recognized a tax benefit of approximately $ 1.2 million and $ 1.8 million , respectively. During the six months ended June 30, 2015 and 2014 , compensation expense related to share-based arrangements was approximately $7.2 million and $7.1 million, respectively. For compensation expense recognized during the six months ended June 30, 2015 and 2014 , Basic recognized a tax benefit of approximately $2.6 million and $2.8 million , respectively. As of June 30, 2015 , there was approximately $ 22.2 million of total unrecognized compensation related to non-vested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over a weighted-average period of 2.25 years. The total fair value of share-based awards vested during the six months ended June 30, 2015 and 2014 was approximately $ 5.0 million and $ 20.3 million, respectively. During the six months ended June 30, 2015 and 2014 there was no excess tax benefit due to the net operating loss carryforwards (“NOL”). If there was no NOL, the re would have been $ 11,000 excess tax benefit at June 30, 2015 and there would have been an excess tax benefit of approximately $ 4.4 million at June 30, 2014 . Stock Option Awards The fair value of each option award is estimated on the date of grant using the Black-Scholes-Merton option-pricing model. Options granted under the Plan expire 10 years from the date they are granted, and generally vest over a three - to five -year service period. The following table reflects the summary of stock options outstanding at June 30, 2015 and the changes during the six months then ended: Weighted Average Remaining Aggregate Number of Weighted Contractual Intrinsic Options Average Term Value Granted Exercise Price (Years) (000's) Non-statutory stock options: Outstanding, beginning of period $ Options granted — — Options forfeited — — Options exercised Options expired Outstanding, end of period $ $ — Exercisable, end of period $ $ — Vested or expected to vest, end of period $ $ — The total intrinsic value of share options exercised during the six months ended June 30, 2015 and 2014 was approximately $ 37,000 and $ 2.2 million , respectively. Cash received from share option exercises under the Plan was approximately $ 724,000 and $ 4.3 million for the six months ended June 30, 2015 and 2014 , respectively. During the six months ended June 30, 2015 and 2014, there was no excess tax benefit due to the NOL. If there was no NOL, the re would have been no excess tax benefit at June 30, 2015 and there would have been an excess tax benefit of approximately $ 534,000 at June 30, 2014 . Basic has a history of issuing treasury and newly issued shares to satisfy share option exercises. Restricted Stock Awards A summary of the status of Basic’s non-vested share grants at June 30, 2015 and changes during the six months ended June 30, 2015 is presented in the following table: Weighted Average Number of Grant Date Fair Nonvested Shares Shares Value Per Share Nonvested at beginning of period $ Granted during period Vested during period Forfeited during period Nonvested at end of period $ Phantom Stock Awards On March 1 8 , 2015 , the Compensation Committee of Basic’s Board of Directors approved grants of performance-based phantom stock awards to certain members of management. The performance-based phantom stock awards are tied to Basic’s achievement of total stockholder return (“TSR”) relative to the TSR of a peer group of energy services companies over the performance period (defined as the one-year calculation period starting on the 20th NYSE trading day prior to and including the last NYSE trading day of 2014 and ending on the last NYSE trading day of 2015) . The number of phantom shares to be issued will range from 0% to 150% of the 704,089 target number of phantom shares , depending on the performance noted above. Any phantom shares earned at the end of the performance period will then remain subject to vesting in one-third increments on March 15, 2016, 2017 and 2018 (subject to accelerated vesting in certain circumstances) . As of June 30 , 201 5 , Basic estimated that 100% of the target number of performance-based awards will be earned. T he Compensation Committee also approved grants of phantom restricted stock awards to certain key employees. The number of phantom shares issued was 654,500 . These grants remain subject to vesting over a three-year period, with the first portion vesting March 15, 2016.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions Basic had receivables from employees of approximately $ 35,000 and $161,000 as of June 30, 2015 and December 31, 2014 , respectively. In December 2010, Basic entered into a lease agreement with Darle Vuelta Cattle Co., LLC (“DVCC”) for the right to operate a salt water disposal well, brine well and fresh water well. The term of the lease will continue until the salt water disposal well and brine well are plugged and no fresh water is being sold. The lease payments are the greater of (i) the sum of $ 0.10 per barrel of disposed oil and gas waste and $ 0.05 per barrel of brine or fresh water sold or (ii) $ 5,000 per month. In February 2015, Basic purchased 100 acres of vacant land outside of Midland, Texas for $1.5 million from DVCC.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share The following table sets forth the computation of unaudited basic and diluted earnings (loss) per share (in thousands, except share data): Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net income (loss) $ $ $ $ Denominator: Denominator for basic earnings (loss) per share Stock options — — Unvested restricted stock — — Denominator for diluted earnings (loss) per share Basic earnings (loss) per common share: $ $ $ $ Diluted earnings (loss) per common share: $ $ $ $ Stock options and unvested restricted stock shares of approximately 494,670 and 650,972 were excluded in the computation of diluted earnings (loss) per share for the three and six months ended June 30, 2015 , respectively , as the effect would have been anti-dilutive.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2015
Business Segment Information [Abstract]
Business Segment Information	11. Business Segment Information The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion And Remedial Contract Corporate and Services Fluid Services Well Servicing Drilling Other Total Three Months Ended June 30, 2015 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Three Months Ended June 30, 2014 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Six Months Ended June 30, 2015 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Identifiable assets $ $ $ $ $ $ Six Months Ended June 30, 2014 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Identifiable assets $ $ $ $ $ $ The following table reconciles the segment profits reported above to the operating income (loss) as reported in the consolidated statements of operations (in thousands): Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Segment profits $ $ $ $ General and administrative expenses Depreciation and amortization Gain (loss) on disposal of assets Operating income (loss) $ $ $ $

Supplemental Schedule Of Cash F

Supplemental Schedule Of Cash Flow Information	6 Months Ended
	Jun. 30, 2015
Supplemental Schedule Of Cash Flow Information [Abstract]
Supplemental Schedule Of Cash Flow Information	12. Supplemental Schedule of Cash Flow Information The following table reflects non-cash financing and investing activity during the following periods: For The Six Months Ended June 30 2015 2014 (In thousands) Capital leases issued for equipment $ $ Asset retirement obligation additions $ $ Basic paid no income taxes during the six months ended June 30, 2015 and 2014, respectively . Basic paid interest of approximately $ 30.9 million and $ 30.8 million during the six months ended June 30, 2015 and 2014 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	13. Fair Value Measurements The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of June 30, 2015 and December 31, 2014 . The fair value of our long-term notes is based upon the quoted market prices at June 30, 2015 and December 31, 2014 and is as follows: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 7.75% Senior Notes due 2019, excluding premium $ $ $ $ 7.75% Senior Notes due 2022, excluding premium $ $ $ $ The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts receivable-related parties, accounts payable and accrued expenses approximate fair value due to the short maturities of these instruments. The carrying amount of our revolving credit facility in long-term debt also approximates fair value due to its variable-rate characteristics.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	14. Recent Accounting Pronouncements In January 2015, the FASB issued ASU 2015-01, “ Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates from U.S. GAAP the concept of an extraordinary item. The Board released the new guidance as part of its simplification initiative, which is intended to “identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements.” The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Basic does not believe this pronouncement will have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “ Simplifying the Presentation of Debt Issuance Cost s . ” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Basic is in the process of determining if this pronouncement will have a material impact on its consolidated financial statements.

Basis of Presentation and Nat22

Basis of Presentation and Nature of Operations (Policies)	6 Months Ended
	Jun. 30, 2015
Basis of Presentation and Nature of Operations [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the December 31, 2014 Form 10-K. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements.
Nature of Operations	Nature of Operation s Basic provides a wide range of well site services to oil and natural gas drilling and producing companies , including completion and remedial services, fluid services, well servicing and contract drilling. These services are primarily provided using Basic’s fleet of equipment. Basic’s operations are concentrated in the major United States onshore oil and gas producing regions in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah, Montana, West Virginia, Ohio, California, Kentucky and Pennsylvania.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic and its wholly owned subsidiaries. Basic has no variable interest in any other organization, entity, partnership or contract. All intercompany transactions and balances have been eliminated.
Estimates and Uncertainties	Estimates and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management uses historical and other pertinent information to determine these estimates. Actual results could differ from those estimates. Areas where critical accounting estimates are made by management include: · Depreciation and amortization of property and equipment and intangible assets · Impairment of property and equipment, goodwill and intangible assets · Allowance for doubtful accounts · Litigation and self-insured risk reserves · Fair value of assets acquired and liabilities assumed in an acquisition · Stock-based compensation · Income taxes

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2015
Acquisitions [Abstract]
Schedule Of Values At Date Of Acquisition	Total Cash Paid Closing Date (net of cash acquired) Pioneer Fishing & Rental Services, LLC September 17, 2014 $ Total 2014 $

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Other Intangible Assets [Abstract]
Changes in Carrying Amount of Goodwill	Completion And Remedial Services Balance as of December 31, 2014 $ Goodwill adjustments Balance as of June 30, 2015 $
Intangible Assets, Net	June 30, 2015 December 31, 2014 Customer relationships $ $ Non-compete agreements Trade names Other intangible assets Less accumulated amortization Intangible assets subject to amortization, net $ $
Intangible Assets By Line of Business	Completion And Remedial Services Well Servicing Fluid Services Contract Drilling Total Intangible assets subject to amortization, net $ $ $ $ $

Property And Equipment (Tables)

Property And Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property And Equipment [Abstract]
Property And Equipment	June 30, 2015 December 31, 2014 Land $ $ Buildings and improvements Well service units and equipment Fluid services equipment Brine and fresh water stations Frac/test tanks Pumping equipment Construction equipment Contract drilling equipment Disposal facilities Light vehicles Rental equipment Aircraft — Software Other Less accumulated depreciation and amortization Property and equipment, net $ $
Schedule Of Property, Plant And Equipment Under Capital Lease	June 30, 2015 December 31, 2014 Light vehicles $ $ Contract drilling equipment Well service units and equipment Fluid services equipment Pumping equipment Construction equipment Software Other — Less accumulated amortization $ $

Long-Term Debt and Interest E26

Long-Term Debt and Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2015
Long-Term Debt and Interest Expense [Abstract]
Schedule of Long-Term Debt Instruments	June 30, 2015 December 31, 2014 Credit Facilities: Revolver $ — $ 7.75% Senior Notes due 2019 7.75% Senior Notes due 2022 Unamortized premium Capital leases and other notes Less current portion $ $
Schedule of Interest Expense	Six Months ended June 30, 2015 2014 Cash payments for interest $ $ Commitment and other fees paid Amortization of debt issuance costs and discount or premium on notes Change in accrued interest Other $ $

Incentive Plan (Tables)

Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2015
Incentive Plan [Abstract]
Summary Of Stock Options	Weighted Average Remaining Aggregate Number of Weighted Contractual Intrinsic Options Average Term Value Granted Exercise Price (Years) (000's) Non-statutory stock options: Outstanding, beginning of period $ Options granted — — Options forfeited — — Options exercised Options expired Outstanding, end of period $ $ — Exercisable, end of period $ $ — Vested or expected to vest, end of period $ $ —
Summary Of Non-Vested Shares	Weighted Average Number of Grant Date Fair Nonvested Shares Shares Value Per Share Nonvested at beginning of period $ Granted during period Vested during period Forfeited during period Nonvested at end of period $

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net income (loss) $ $ $ $ Denominator: Denominator for basic earnings (loss) per share Stock options — — Unvested restricted stock — — Denominator for diluted earnings (loss) per share Basic earnings (loss) per common share: $ $ $ $ Diluted earnings (loss) per common share: $ $ $ $

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Business Segment Information [Abstract]
Schedule Of Reportable Segments Financial Information	Completion And Remedial Contract Corporate and Services Fluid Services Well Servicing Drilling Other Total Three Months Ended June 30, 2015 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Three Months Ended June 30, 2014 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Six Months Ended June 30, 2015 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Identifiable assets $ $ $ $ $ $ Six Months Ended June 30, 2014 (Unaudited) Operating revenues $ $ $ $ $ — $ Direct operating costs — Segment profits $ $ $ $ $ — $ Depreciation and amortization $ $ $ $ $ $ Capital expenditures (excluding acquisitions) $ $ $ $ $ $ Identifiable assets $ $ $ $ $ $
Schedule Of Reconciliation Of Operating Profit (Loss) From Segments	Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Segment profits $ $ $ $ General and administrative expenses Depreciation and amortization Gain (loss) on disposal of assets Operating income (loss) $ $ $ $

Supplemental Schedule Of Cash30

Supplemental Schedule Of Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2015
Supplemental Schedule Of Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow Information	For The Six Months Ended June 30 2015 2014 (In thousands) Capital leases issued for equipment $ $ Asset retirement obligation additions $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Carrying Amount and Fair Value of Financial Instruments	June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 7.75% Senior Notes due 2019, excluding premium $ $ $ $ 7.75% Senior Notes due 2022, excluding premium $ $ $ $

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - Pioneer Fishing & Rental Services, LLC [Member] $ in Millions	3 Months Ended
	Jun. 30, 2015USD ($)
Business Acquisition [Line Items]
Decrease in property plant and equipment	$ (5.8)
Increase in goodwill	3.8
Increase in intangibles	$ 2

Acquisitions (Schedule Of Value

Acquisitions (Schedule Of Values At Date Of Acquisition) (Details) - 12 months ended Dec. 31, 2014 - USD ($) $ in Thousands	Total
Business Acquisition [Line Items]
Total Cash Paid (net of cash acquired)	$ 16,090
Pioneer Fishing & Rental Services, LLC [Member]
Business Acquisition [Line Items]
Closing Date	Sep. 17, 2014
Total Cash Paid (net of cash acquired)	$ 16,090

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Other Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 2.3	$ 2.1	$ 4.4	$ 4.3
Customer relationships
Goodwill and Other Intangible Assets [Line Items]
Amortization period of intangible assets, in years			15 years
Non-compete agreements
Goodwill and Other Intangible Assets [Line Items]
Amortization period of intangible assets, in years			5 years
Other intangible assets
Goodwill and Other Intangible Assets [Line Items]
Amortization period of intangible assets, in years			15 years

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill) (Detail) - Jun. 30, 2015 - USD ($) $ in Thousands	Total
Goodwill [Line Items]
Balance as of December 31, 2014	$ 78,011
Balance as of June 30, 2015	81,877
Completion and Remedial Services
Goodwill [Line Items]
Balance as of December 31, 2014	78,011
Goodwill adjustments	3,866
Balance as of June 30, 2015	$ 81,877

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets (Intangibles, Net) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Other Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 107,810	$ 105,835
Less accumulated amortization	39,050	34,662
Intangible assets subject to amortization, net	68,760	71,173
Customer relationships
Goodwill and Other Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	91,039	88,576
Non-compete agreements
Goodwill and Other Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	12,734	13,223
Trade names
Goodwill and Other Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	1,939	1,939
Other intangible assets
Goodwill and Other Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 2,097	$ 2,097

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets (Intangibles, net line of business) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Intangible assets subject to amortization, net	$ 68,760	$ 71,173
Completion and Remedial Services
Summary Of Significant Accounting Policies [Line Items]
Intangible assets subject to amortization, net	51,320
Well Servicing
Summary Of Significant Accounting Policies [Line Items]
Intangible assets subject to amortization, net	5,165
Fluid Services
Summary Of Significant Accounting Policies [Line Items]
Intangible assets subject to amortization, net	9,140
Contract Drilling
Summary Of Significant Accounting Policies [Line Items]
Intangible assets subject to amortization, net	$ 3,135

Property And Equipment (Narrati

Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property And Equipment [Abstract]
Lease Obligation Period			5 years
Amortization of assets held under capital leases	$ 10.4	$ 8.8	$ 21.2	$ 17.3

Property And Equipment (Propert

Property And Equipment (Property And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 2,060,436	$ 2,058,987
Less accumulated depreciation and amortization	1,134,698	1,051,018
Property and equipment, net	925,738	1,007,969
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	20,744	19,071
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	71,537	69,629
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	489,107	483,644
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	274,855	277,902
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	13,777	14,175
Frac/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	365,401	355,912
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	339,436	343,379
Construction equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	15,685	15,764
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	110,949	110,510
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	159,527	157,519
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	69,119	70,414
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	92,234	102,471
Aircraft
Property, Plant And Equipment [Line Items]
Property and equipment, gross		857
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	21,855	21,416
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 16,210	$ 16,324

Property And Equipment (Schedul

Property And Equipment (Schedule Of Property, Plant And Equipment Under Capital Lease) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 254,076	$ 258,077
Less accumulated amortization	107,411	100,896
Property, plant and equipment under capital lease, net	146,665	157,181
Light vehicles
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	44,242	47,853
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	6,493	6,142
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	819	883
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	142,384	143,014
Pumping equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	42,453	42,264
Construction equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	565	730
Software
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 17,120	17,120
Other
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross		$ 71

Long-Term Debt and Interest E41

Long-Term Debt and Interest Expense (Narrative) (Details) - USD ($)	Apr. 21, 2015	Jun. 30, 2015	Apr. 20, 2015
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity			$ 300,000,000
Modified Facility [Member]
Debt Instrument [Line Items]
Borrowings		$ 0
Letters of credit outstanding under the Credit Agreement		48,500,000
Line of credit facility, current borrowing capacity		250,000,000
Available borrowing capacity		$ 116,000,000
Maximum | Modified Facility [Member]
Debt Instrument [Line Items]
Aggregate commitments outstanding, percentage	25.00%
Aggregate commitments outstanding, Value	$ 62,500,000
Leverage ratio	250.00%
Coverage ratio	100.00%

Long-Term Debt and Interest E42

Long-Term Debt and Interest Expense (Schedule Of Long-Term Debt Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Revolver		$ 16,000
Unamortized premium	$ 1,090	1,217
Capital leases and other notes	121,077	138,930
Debt and Capital Lease Obligations, Total	897,167	931,147
Less current portion	46,280	48,575
Non Current Portion of Long Term Debt, Total	850,887	882,572
7.75% Senior Notes due 2019
Debt Instrument [Line Items]
Senior Notes	$ 475,000	475,000
Interest rate	7.75%
7.75% Senior Notes due 2022
Debt Instrument [Line Items]
Senior Notes	$ 300,000	$ 300,000
Interest rate	7.75%

Long-Term Debt and Interest E43

Long-Term Debt and Interest Expense (Schedule Of Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Long-Term Debt and Interest Expense [Abstract]
Cash payments for interest			$ 30,892	$ 30,780
Commitment and other fees paid			1,336	1,156
Amortization of debt issuance costs and discount or premium on notes			1,398	1,487
Change in accrued interest			174	(5)
Other			(96)	7
Total interest expense	$ 16,841	$ 16,566	$ 33,704	$ 33,425

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments And Contingencies [Abstract]
Self insurance deductible for workers compensation	$ 5,000,000
Self insurance deductible for general liability claims	1,000,000
Self insurance deductible for automobile liability	1,000,000
Self insurance deductible for medical and dental coverage	400,000
Self insured risk accruals	32,600,000	$ 33,400,000
Accrued customer audit	$ 4,500,000

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Class of Stock [Line Items]
Common stock issued from treasury stock		103,750
Restricted shares of common stock granted	888,104
Restricted shares of common stock vesting period, (in years)	3 years
Treasury Stock Value		$ 10,834		$ 12,635
Treasury shares acquired		203,594	250,461
Repurchase Program [Member]
Class of Stock [Line Items]
Treasury Stock Value		$ 3,400
Treasury Stock Acquired, Average Cost Per Share		$ 6.67
Stock Repurchase Program, Increase In Authorized Amount		$ 10,500
Treasury shares acquired		513,600

Incentive Plan (Narrative) (Det

Incentive Plan (Narrative) (Details) - USD ($)	Mar. 18, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Expenses			$ 3,300,000	$ 3,700,000	$ 7,200,000	$ 7,100,000
Tax benefit			1,200,000	$ 1,800,000	2,600,000	2,800,000
Unrecognized compensation related to non-vested share-based compensation arrangements			$ 22,200,000		$ 22,200,000		$ 22,200,000
Weighted-average period over which unrecognized compensation cost related to non-vested share-based compensation arrangements is expected to be recognized, in years					2 years 3 months
Total fair value of share-based awards vested					$ 5,000,000	20,300,000
Excess tax benefit due to carryforward loss					0	0	$ 0
Vesting periods		3 years
Total intrinsic value of options exercised					37,000	2,200,000
Cash received from option exercises					727,000	4,646,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefit if there was no net operating loss carry forwards					$ 0	534,000
Options expiration period, (in years)					10 years
Cash received from option exercises					$ 724,000	4,300,000
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods					3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods					5 years
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefit if there was no net operating loss carry forwards					$ 11,000	$ 4,400,000
Phantom Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target number of shares to be issued	704,089
Percentage of target number of performance-based awards will be earned					100.00%
Shares issued					654,500
Phantom Stock Awards [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of shares to be issued					0.00%
Phantom Stock Awards [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of shares to be issued					150.00%

Incentive Plan (Summary Of Stoc

Incentive Plan (Summary Of Stock Options) (Details) - Jun. 30, 2015 - $ / shares	Total
Incentive Plan [Abstract]
Outstanding, beginning of period, Number of Options Granted	280,000
Options exercised, Number of Options Granted	(103,750)
Options expired, Number of Options Granted	(1,250)
Outstanding, end of period, Number of Options Granted	175,000
Exercisable, end of period, Number of Options Granted	175,000
Vested or expected to vest, end of period, Number of Options Granted	175,000
Outstanding, beginning of period, Weighted Average Exercise Price	$ 19.05
Options exercised, Weighted Average Exercise Price	6.98
Options expired, Weighted Average Exercise Price	6.98
Outstanding, end of period, Weighted Average Exercise Price	26.29
Exercisable, end of period, Weighted Average Exercise Price	26.29
Vested or expected to vest, end of period, Weighted Average Exercise Price	$ 26.29
Outstanding, end of period, Weighted Average Remaining Contractual Term (Years)	9 months 29 days
Exercisable, end of period, Weighted Average Remaining Contractual Term (Years)	9 months 29 days
Vested or expected to vest, end of period, Weighted Average Remaining Contractual Term (Years)	9 months 29 days

Incentive Plan (Summary Of Non-

Incentive Plan (Summary Of Non-Vested Shares) (Details) - 6 months ended Jun. 30, 2015 - $ / shares	Total
Incentive Plan [Abstract]
Nonvested at beginning of period, Number of Shares	2,193,671
Granted during period, Number of Shares	724,501
Vested during period, Number of Shares	(845,188)
Forfeited during period, Number of Shares	(6,432)
Nonvested at end of period, Number of Shares	2,066,552
Nonvested at beginning of period, Weighted Average Grant Date Fair Value Per Share	$ 19.56
Granted during period, Weighted Average Grant Date Fair Value Per Share	1.82
Vested during period, Weighted Average Grant Date Fair Value Per Share	16.82
Forfeited during period, Weighted Average Grant Date Fair Value Per Share	21.48
Nonvested at end of period, Weighted Average Grant Date Fair Value Per Share	$ 14.45

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	1 Months Ended	12 Months Ended
	Feb. 28, 2015USD ($)a	Dec. 31, 2010USD ($)$ / bbl	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Related Party Transaction [Line Items]
Due from Employees			$ 35,000	$ 161,000
Darle Vuelta Cattle Co LLC [Member]
Related Party Transaction [Line Items]
Acquisition of land, area, in acres | a	100
Payment to acquire land	$ 1,500,000
Darle Vuelta Cattle Co LLC [Member] | Salt Water Disposal Well [Member]
Related Party Transaction [Line Items]
Price of oil and gas waste per barrel | $ / bbl		0.10
Price of brine or fresh water per barrel | $ / bbl		0.05
Monthly payment on leases		$ 5,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - Jun. 30, 2015 - shares	Total	Total
Earnings Per Share [Abstract]
Number of anti-dilutive shares	494,670	650,972

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator (both basic and diluted):
Net income (loss)	$ (48,295)	$ 2,444	$ (80,919)	$ 536
Denominator:
Denominator for basic earnings (loss) per share	40,167,876	41,341,888	40,360,194	40,850,970
Stock options		101,446		146,354
Unvested restricted stock		600,113		351,395
Denominator for diluted earnings (loss) per share	40,167,876	42,043,447	40,360,194	41,348,719
Basic earnings (loss) per common share:	$ (1.20)	$ 0.06	$ (2)	$ 0.01
Diluted earnings (loss) per common share:	$ (1.20)	$ 0.06	$ (2)	$ 0.01

Business Segment Information (S

Business Segment Information (Schedule Of Reportable Segments Financial Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Operating revenues	$ 193,596	$ 359,662	$ 455,317	$ 696,418
Direct operating costs	(156,574)	(242,930)	(351,884)	(475,117)
Segment profits	37,022	116,732	103,433	221,301
Depreciation and amortization	60,231	51,785	121,160	103,490
Capital expenditures, (excluding acquisitions)	9,943	84,109	44,081	121,143
Identifiable assets	1,402,074	1,558,856	1,402,074	1,558,856	$ 1,597,177
Completion and Remedial Services
Segment Reporting Information [Line Items]
Operating revenues	69,056	164,366	181,831	301,851
Direct operating costs	(57,670)	(102,617)	(138,921)	(189,097)
Segment profits	11,386	61,749	42,910	112,754
Depreciation and amortization	21,056	16,040	42,356	32,044
Capital expenditures, (excluding acquisitions)	2,274	52,816	16,446	69,383
Identifiable assets	477,316	466,636	477,316	466,636
Fluid Services
Segment Reporting Information [Line Items]
Operating revenues	63,704	90,314	137,506	183,149
Direct operating costs	(48,381)	(65,055)	(102,512)	(131,837)
Segment profits	15,323	25,259	34,994	51,312
Depreciation and amortization	17,515	15,926	35,233	31,851
Capital expenditures, (excluding acquisitions)	2,710	11,412	8,936	21,040
Identifiable assets	277,739	310,185	277,739	310,185
Well Servicing
Segment Reporting Information [Line Items]
Operating revenues	56,500	89,629	120,168	182,541
Direct operating costs	(47,035)	(64,748)	(99,437)	(134,508)
Segment profits	9,465	24,881	20,731	48,033
Depreciation and amortization	15,284	13,939	30,745	27,848
Capital expenditures, (excluding acquisitions)	2,892	15,199	13,243	23,262
Identifiable assets	257,778	267,909	257,778	267,909
Contract Drilling
Segment Reporting Information [Line Items]
Operating revenues	4,336	15,353	15,812	28,877
Direct operating costs	(3,488)	(10,510)	(11,014)	(19,675)
Segment profits	848	4,843	4,798	9,202
Depreciation and amortization	3,512	3,214	7,064	6,420
Capital expenditures, (excluding acquisitions)	236	2,700	1,110	3,608
Identifiable assets	56,230	57,617	56,230	57,617
Corporate and Other
Segment Reporting Information [Line Items]
Depreciation and amortization	2,864	2,666	5,762	5,327
Capital expenditures, (excluding acquisitions)	1,831	1,982	4,346	3,850
Identifiable assets	$ 333,011	$ 456,509	$ 333,011	$ 456,509

Business Segment Information 53

Business Segment Information (Schedule Of Reconciliation Of Operating Profit (Loss) From Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Segment Information [Abstract]
Segment profits	$ 37,022	$ 116,732	$ 103,433	$ 221,301
General and administrative expenses	(35,673)	(42,953)	(74,877)	(82,512)
Depreciation and amortization	(60,231)	(51,785)	(121,160)	(103,490)
Gain (loss) on disposal of assets	57	(916)	9	(237)
Operating income (loss)	$ (58,825)	$ 21,078	$ (92,595)	$ 35,062

Supplemental Schedule Of Cash54

Supplemental Schedule Of Cash Flow Information (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Supplemental Schedule Of Cash Flow Information [Abstract]
Income Taxes Paid	$ 0	$ 0
Interest paid	$ 30.9	$ 30.8

Supplemental Schedule Of Cash55

Supplemental Schedule Of Cash Flow Information (Schedule Of Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Supplemental Schedule Of Cash Flow Information [Abstract]
Capital leases issued for equipment	$ 9,257	$ 13,759
Asset retirement obligation additions	$ 13	$ 45

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
7.75% Senior Notes due 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 475,000	$ 475,000
Fair Value	$ 399,000	372,875
Interest rate	7.75%
7.75% Senior Notes due 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 300,000	300,000
Fair Value	$ 238,500	$ 225,000
Interest rate	7.75%