Basic Energy Services (BASWQ) 10-K 28 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 28, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
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 Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,416,209
Entity Public Float			$ 429,434,887

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 38,520	$ 98,875
Restricted cash	47,703	2,429
Trade accounts receivable, net of allowance of $1,523 and $0	148,444	108,655
Accounts receivable - related parties	22	31
Income tax receivable	1,878	1,271
Inventories	36,403	35,691
Prepaid expenses	22,353	15,575
Other current assets	4,292	2,003
Total current assets	299,615	264,530
Property and equipment, net	502,579	488,848
Deferred debt costs, net of amortization	2,497	0
Other intangible assets, net of amortization	3,221	3,458
Other assets	12,568	11,324
Total assets	820,480	768,160
Current liabilities:
Accounts payable	80,518	47,959
Accrued expenses	51,973	51,329
Current portion of long-term debt, net of $1,657 discount at December 31, 2017	55,997	38,468
Other current liabilities	2,469	2,065
Total current liabilities	190,957	139,821
Long-term debt, net of discounts and deferred debt costs of $10,244 and $17,344 at December 31, 2017 and 2016 respectively	259,242	184,752
Deferred tax liabilities	78	0
Other long-term liabilities	31,550	29,179
Total liabilities	481,827	353,752
Stockholders' equity:
Preferred stock, $0.01 par value: authorized 5,000,000 shares; zero outstanding at December 31, 2017 and 2016	0	0
Common stock; $0.01 par value; 80,000,000 shares authorized; and 26,371,572 and 26,095,431 shares issued and 26,219,129 and 25,998,844 shares outstanding at December 31, 2017 and 2016	264	261
Additional paid-in capital	439,517	417,624
Retained deficit	(96,674)	0
Treasury stock, at cost 152,443 and 96,587 shares at December 31, 2017 and 2016	(4,454)	(3,477)
Total stockholders' equity	338,653	414,408
Total liabilities and stockholder's equity	$ 820,480	$ 768,160

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Trade accounts receivable, allowance	$ 1,523	$ 0
Current liabilities:
Current portion of long-term debt, discount	1,657
Discounts and deferred debt costs, long-term debt	$ 10,244	$ 17,344
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	80,000,000	80,000,000
Common stock, issued (in shares)	26,371,572	26,095,431
Common stock, outstanding (in shares)	26,219,129	25,998,844
Treasury stock (in shares)	152,443	96,587

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Total revenues	$ 864,041
Expenses:
Service expenses	666,450
General and administrative, including stock-based compensation of $22,954, $17,675, and $13,728, in 2017, 2016 and 2015, respectively	146,458
Depreciation and amortization	112,209
Restructuring costs	0
Loss on disposal of assets	274
Goodwill impairment	0
Total expenses	925,391
Operating loss	(61,350)
Other income (expense):
Reorganization items, net	0
Interest expense	(37,472)
Interest income	51
Bargain purchase gain on acquisition	0
Other income	419
Loss before income taxes	(98,352)
Income tax benefit	1,678
Net loss	(96,674)
Net loss available to common stockholders	$ (96,674)
Loss per share of common stock:
Basic (in dollars per share)	$ (3.72)
Diluted (in dollars per share)	$ (3.72)
Completion and remedial services
Revenues:
Total revenues	$ 433,450
Expenses:
Service expenses	318,191
Well servicing
Revenues:
Total revenues	210,811
Expenses:
Service expenses	169,905
Water logistics
Revenues:
Total revenues	208,784
Expenses:
Service expenses	168,621
Contract drilling
Revenues:
Total revenues	10,996
Expenses:
Service expenses	$ 9,733
Predecessor
Revenues:
Total revenues		$ 547,497	$ 805,599
Expenses:
Service expenses		467,650	642,856
General and administrative, including stock-based compensation of $22,954, $17,675, and $13,728, in 2017, 2016 and 2015, respectively		135,331	143,458
Depreciation and amortization		218,205	241,471
Restructuring costs		20,743	0
Loss on disposal of assets		1,014	1,602
Goodwill impairment		646	81,877
Total expenses		843,589	1,111,264
Operating loss		(296,092)	(305,665)
Other income (expense):
Reorganization items, net		264,306	0
Interest expense		(96,625)	(67,964)
Interest income		26	26
Bargain purchase gain on acquisition		662	0
Other income		467	528
Loss before income taxes		(127,256)	(373,075)
Income tax benefit		3,883	131,330
Net loss		(123,373)	(241,745)
Net loss available to common stockholders		$ (123,373)	$ (241,745)
Loss per share of common stock:
Basic (in dollars per share)		$ (2.94)	$ (5.97)
Diluted (in dollars per share)		$ (2.94)	$ (5.97)
Predecessor | Completion and remedial services
Revenues:
Total revenues		$ 184,567	$ 307,550
Expenses:
Service expenses		158,762	245,069
Predecessor | Well servicing
Revenues:
Total revenues		163,966	217,245
Expenses:
Service expenses		140,274	184,952
Predecessor | Water logistics
Revenues:
Total revenues		191,725	258,597
Expenses:
Service expenses		161,535	196,155
Predecessor | Contract drilling
Revenues:
Total revenues		7,239	22,207
Expenses:
Service expenses		$ 7,079	$ 16,680

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Predecessor
Expenses:
Stock-based compensation	$ 22,954	$ 17,675	$ 13,728

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings (Deficit)
Beginning balance (in shares) (Predecessor) at Dec. 31, 2014		43,500,032
Beginning balance (Predecessor) at Dec. 31, 2014	$ 342,653	$ 435	$ 369,920	$ (12,635)	$ (15,067)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock | Predecessor			(3,779)	3,779
Amortization of share based compensation | Predecessor	13,728		13,728
Purchase of treasury stock | Predecessor	(5,742)			(5,742)
Exercise of stock options / vesting of restricted stock | Predecessor	(2,556)		(5,140)	2,584
Net loss | Predecessor	(241,745)				(241,745)
Ending balance (in shares) (Predecessor) at Dec. 31, 2015		43,500,032
Ending balance (Predecessor) at Dec. 31, 2015	106,338	$ 435	374,729	(12,014)	(256,812)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock | Predecessor			(5,135)	5,135
Amortization of share based compensation | Predecessor	17,675		17,675
Purchase of treasury stock | Predecessor	(640)			(640)
Net loss | Predecessor	(123,373)				(123,373)
Implementation of Prepackaged Plan and Application of Fresh Start Accounting:
Cancellation of Predecessor equity (in shares)		(43,500,032)
Cancellation of Predecessor equity	0	$ (435)	(387,269)	7,519	380,185
Issuances of successor common stock and warrants (in shares)		26,095,431
Issuances of Successor common stock and warrants	414,408	$ 261	417,624	(3,477)
Ending balance (in shares) at Dec. 31, 2016		26,095,431
Ending balance at Dec. 31, 2016	414,408	$ 261	417,624	(3,477)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		276,141
Issuances of restricted stock		$ 3	(3)
Amortization of share based compensation	22,954		22,954
Purchase of treasury stock	(2,035)		(1,058)	(977)
Net loss	(96,674)				(96,674)
Ending balance (in shares) at Dec. 31, 2017		26,371,572
Ending balance at Dec. 31, 2017	$ 338,653	$ 264	$ 439,517	$ (4,454)	$ (96,674)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net loss	$ (96,674)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	112,209
Goodwill impairment	0
Bargain purchase gain	0
Accretion on asset retirement obligation	160
Change in allowance for doubtful accounts	1,523
Amortization of deferred financing costs	194
Amortization of debt discounts (premiums)	7,264
Non-cash compensation	22,954
Loss on disposal of assets	274
Deferred income taxes	78
Reorganization items, non-cash	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(41,303)
Inventories	(712)
Prepaid expenses and other current assets	(7,065)
Other assets	(1,244)
Accounts payable	25,548
Income tax receivable	(607)
Other liabilities	2,704
Accrued expenses	644
Net cash provided by (used in) operating activities	25,947
Cash flows from investing activities:
Purchase of property and equipment	(63,361)
Proceeds from sale of assets	9,814
Payments for businesses, net of cash acquired	0
Net cash used in investing activities	(53,547)
Cash flows from financing activities:
Proceeds from debt	64,000
Proceeds from Debtor-in-Possession financing	0
Payments of debt	(46,589)
Change in restricted cash	(45,274)
Proceeds from rights offering	0
Change in treasury stock	(2,035)
Tax withholding from exercise of stock options	0
Exercise of employee stock options	0
Deferred loan costs and other financing activities	(2,857)
Net cash (used in) provided by financing activities	(32,755)
Net (decrease) increase in cash and equivalents	(60,355)
Cash and cash equivalents - beginning of year	98,875
Cash and cash equivalents - end of year (2017 and 2016: Successor; and 2015: Predecessor)	38,520	$ 98,875
Predecessor
Cash flows from operating activities:
Net loss		(123,373)	$ (241,745)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization		218,205	241,471
Goodwill impairment		646	81,877
Bargain purchase gain		(662)	0
Accretion on asset retirement obligation		147	134
Change in allowance for doubtful accounts		(812)	638
Amortization of deferred financing costs		7,952	3,622
Amortization of debt discounts (premiums)		(257)	(261)
Non-cash compensation		27,723	13,728
Loss on disposal of assets		1,014	1,602
Deferred income taxes		(4,403)	(131,171)
Reorganization items, non-cash		(332,854)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(5,712)	144,430
Inventories		2,112	7,846
Prepaid expenses and other current assets		(239)	(740)
Other assets		(1,094)	(767)
Accounts payable		(6,563)	3,903
Income tax receivable		557	1,293
Other liabilities		(4,449)	1,109
Accrued expenses		70,573	(31,430)
Net cash provided by (used in) operating activities		(151,489)	95,539
Cash flows from investing activities:
Purchase of property and equipment		(32,689)	(53,868)
Proceeds from sale of assets		3,284	8,109
Payments for businesses, net of cash acquired		0	(16,730)
Net cash used in investing activities		(29,405)	(62,489)
Cash flows from financing activities:
Proceeds from debt		165,000	8,816
Proceeds from Debtor-in-Possession financing		38,390	0
Payments of debt		(84,881)	(68,635)
Change in restricted cash		(2,429)	0
Proceeds from rights offering		125,000	0
Change in treasury stock		2,837	(5,742)
Tax withholding from exercise of stock options		0	(3)
Exercise of employee stock options		0	727
Deferred loan costs and other financing activities		(10,880)	(1,396)
Net cash (used in) provided by financing activities		233,037	(66,233)
Net (decrease) increase in cash and equivalents		52,143	(33,183)
Cash and cash equivalents - beginning of year	$ 98,875	46,732	79,915
Cash and cash equivalents - end of year (2017 and 2016: Successor; and 2015: Predecessor)		$ 98,875	$ 46,732

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Nature of Operations	Basis of Presentation and Nature of Operations Basic Energy Services, Inc. (“Basic” or the “Company”) provides a wide range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, water logistics, well servicing and contract drilling. These services are primarily provided by Basic’s fleet of equipment. Basic’s operations are concentrated in major United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Kansas, Arkansas, Louisiana, Pennsylvania, West Virginia, Ohio, Wyoming, North Dakota, Colorado, California, Utah, Montana, and Kentucky. Basic’s reportable business segments are Completion and Remedial Services, water logistics, Well Servicing, and Contract Drilling. These segments are based on management’s resource allocation and performance assessment in making decisions regarding the Company. Voluntary Petitions Under Chapter 11 of the Bankruptcy Code On October 25, 2016, Basic and certain of its subsidiaries (collectively with Basic, the “Debtors”) filed voluntary petitions (the cases commenced thereby, the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) on October 25, 2016 in the United States Bankruptcy Court for the District of Delaware (the “Court”). On December 9, 2016, the Court entered an order (the “Confirmation Order”) approving the First Amended Joint Prepackaged Chapter 11 Plan of Basic Energy Services, Inc. and its Affiliated Debtors (as confirmed, the “Prepackaged Plan”). On December 23, 2016 (the “Effective Date”), the Prepackaged Plan became effective pursuant to its terms and the Debtors emerged from their Chapter 11 Cases.

Emergence from Chapter 11 and F

Emergence from Chapter 11 and Fresh Start Accounting in 2016	12 Months Ended
	Dec. 31, 2017
Reorganizations [Abstract]
Emergence from Chapter 11 and Fresh Start Accounting in 2016	Emergence from Chapter 11 and Fresh Start Accounting in 2016 In connection with the Company’s emergence from Chapter 11, on the Effective Date, the Company applied the provisions of fresh start accounting, pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 852, Reorganizations, (“ASC 852”), to its consolidated financial statements. We evaluated the events between December 23, 2016 and December 31, 2016 and concluded that the use of an accounting convenience date of December 31, 2016 (the “Convenience Date”) would not have a material impact on our results of operations or financial position. As such, the application of fresh start accounting was reflected in our Consolidated Balance Sheet as of December 31, 2016 and fresh start accounting adjustments related thereto were included in our Consolidated Statements of Operations for the year ended December 31, 2016. The implementation of the Prepackaged Plan and the application of fresh start accounting materially changed the carrying amounts and classifications reported in our consolidated financial statements and resulted in the Company becoming a new entity for financial reporting purposes. Accordingly, our consolidated financial statements for periods prior to December 31, 2016 are not comparable to our consolidated financial statements as of December 31, 2016 or for periods subsequent to December 31, 2016. References to “Successor” or “Successor Company” refer to the Company on or after December 31, 2016, after giving effect to the implementation of the Prepackaged Plan and the application of fresh start accounting. References to “Predecessor” or “Predecessor Company” refer to the Company prior to December 31, 2016. Additionally, references to periods on or after December 31, 2016 refer to the Successor and references to periods prior to December 31, 2016 refer to the Predecessor. Emergence from Chapter 11 and Fresh Start Accounting In connection with the Company’s emergence from Chapter 11, the Company qualified for fresh start accounting because (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the Successor Company and (ii) the reorganization value of the Company's assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. FASB ASC 852 requires that fresh start accounting be applied as of the date the Prepackaged Plan was approved, or as of a later date when all material conditions precedent to effectiveness of the Prepackaged Plan are resolved, which occurred on December 23, 2016. We elected to apply fresh start accounting effective December 31, 2016, to coincide with the timing of our normal December accounting period close. We evaluated the events between December 23, 2016 and December 31, 2016 and concluded that the use of an accounting convenience date of December 31, 2016 did not have a material impact on our results of operations or financial position. As such, the application of fresh start accounting was reflected in our Consolidated Balance Sheet as of December 31, 2016 and fresh start accounting adjustments related thereto were included in our Consolidated Statements of Operations for the year ended December 31, 2016. Upon the application of fresh start accounting, the Company allocated the reorganization value to its individual assets and liabilities in conformity with ASC 805, Business Combinations (“ASC 805”). Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets, if present, is reported as goodwill. Under ASC 852, the Successor Company must determine a value to be assigned to the equity of the emerging company as of the date of adoption of fresh start accounting. To facilitate this calculation, the Company estimated the enterprise value of the Successor Company by using a discounted cash flow (“DCF”) analysis under the income approach. The Company also considered the guideline public company and guideline transactions methods under the market approach as reasonableness checks to the indications from the income approach. Enterprise value represents the fair value of an entity’s interest-bearing debt and stockholders’ equity. In the disclosure statement associated with the Prepackaged Plan, which was confirmed by the Bankruptcy Court, the Company estimated a range of enterprise values between $425 million and $625 million , with a midpoint of $525 million . The Company deemed it appropriate to use the midpoint between the low end and high end of the range to determine the final enterprise value of $525 million utilized for fresh-start accounting. To estimate enterprise value utilizing the DCF method, the Company established an estimate of future cash flows for the period ranging from 2017 to 2025 and discounted the estimated future cash flows to present value. The expected cash flows for the period 2017 to 2025 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period 2017 to 2025 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable, and an effective tax rate of 38.5% . A terminal value was included, based on the cash flows of the final year of the forecast period. The discount rate of 17.0% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows. The guideline public company and guideline transaction analysis identified a group of comparable companies and transactions that have operating and financial characteristics comparable in certain respects to the Company, including, for example, comparable lines of business, business risks and market presence. Under these methodologies, certain financial multiples and ratios that measure financial performance and value are calculated for each selected company or transactions and then compared to the implied multiples from the DCF analysis. The Company considered enterprise value as a multiple of each selected company and transactions publicly available earnings before interest, taxes, depreciation and amortization (“EBITDA”). The estimated enterprise value and the equity value are highly dependent on the achievement of the future financial results contemplated in the projections that were set forth in the Prepackaged Plan. The estimates and assumptions made in the valuation are inherently subject to significant uncertainties. The primary assumptions for which there is a reasonable possibility of the occurrence of a variation that would have significantly affected the reorganization value include the assumptions regarding revenue growth, operating expenses, the amount and timing of capital expenditures and the discount rate utilized. Fresh start accounting reflects the value of the Successor Company as determined in the confirmed Prepackaged Plan. Under fresh start accounting, asset values are remeasured and allocated based on their respective fair values in conformity with the acquisition method of accounting for business combinations in ASC 805. Liabilities existing as of the Effective Date, other than deferred taxes were recorded at the present value of amounts expected to be paid using appropriate risk adjusted interest rates. Deferred taxes were determined in conformity with applicable accounting standards. Predecessor accumulated depreciation, accumulated amortization and retained deficit were eliminated. Machinery and Equipment To estimate the fair value of machinery and equipment, the Company considered the income approach, the cost approach, and the sales comparison (market) approach for each individual asset. The primary approaches that were relied upon to value these assets were the cost approach and the market approach. Although the income approach was not applied to value the machinery and equipment assets individually, the Company did consider the earnings of the enterprise of which these assets are a part. When more than one approach is used to develop a valuation, the various approaches are reconciled to determine a final value conclusion. The typical starting point or basis of the valuation estimate is replacement cost new (RCN), reproduction cost new (CRN), or a combination of both. Once the RCN and CRN estimates are adjusted for physical and functional conditions, they are then compared to market data and other indications of value, where available, to confirm results obtained by the cost approach. Where direct RCN estimates were not available or deemed inappropriate, the CRN for machinery and equipment was estimated using the indirect (trending) method, in which percentage changes in applicable price indices are applied to historical costs to convert them into indications of current costs. To estimate the CRN amounts, inflation indices from established external sources were then applied to historical costs to estimate the CRN for each asset. The market approach measures the value of an asset through an analysis of recent sales or offerings of comparable property, and takes into account physical, functional and economic conditions. Where direct or comparable matches could not be reasonably obtained, the Company utilized the percent of cost technique of the market approach. This technique looks at general sales, sales listings, and auction data for each major asset category. This information is then used in conjunction with each asset’s effective age to develop ratios between the sales price and RCN or CRN of similar asset types. A market-based depreciation curve was developed and applied to asset categories where sufficient sales and auction information existed. Where market information was not available or a market approach was deemed inappropriate, the Company developed a cost approach. In doing so, an indicated value is derived by deducting physical deterioration from the RCN or CRN of each identifiable asset or group of assets. Physical deterioration is the loss in value or usefulness of a property due to the using up or expiration of its useful life caused by wear and tear, deterioration, exposure to various elements, physical stresses, and similar factors. Functional and economic obsolescence related to these was also considered. Functional obsolescence due to excess capital costs was eliminated through the direct method of the cost approach to estimate the RCN. Functional obsolescence was applied in the form of a cost-to-cure penalty to certain personal property assets needing significant capital repairs. Economic obsolescence was also applied to stacked and underutilized assets based on the status of the asset. Economic obsolescence was also considered in situations in which the earnings of the applicable business segment in which the assets are employed suggest economic obsolescence. When penalizing assets for economic obsolescence, an additional economic obsolescence penalty was levied, while considering scrap value to be the floor value for an asset. Land and Buildings In establishing the fair value of the real property assets, each of the three traditional approaches to value: the income approach, the market approach and the cost approach was considered. The Company primarily relied on the market and cost approaches. Land - In valuing the fee simple interest in the land, the Company utilized the sales comparison approach (market approach). The sales comparison approach estimates value based on what other purchasers and sellers in the market have agreed to as the price for comparable properties. This approach is based on the principle of substitution, which states that the limits of prices, rents and rates tend to be set by the prevailing prices, rents and rates of equally desirable substitutes. In conducting the sales comparison approach, data was gathered on comparable properties and adjustments were made for factors including market conditions, size, access/frontage, zoning, location, and conditions of sale. Greatest weight was typically given to the comparable sales in proximity and similar in size to each of the owned sites. In some cases, market participants were contacted to augment the analysis and to confirm the conclusions of value. Building & Site Improvements - In valuing the fee simple interest in the real property improvements, the Company utilized the direct and indirect methods of the cost approach. For the direct method cost approach analysis, the starting point or basis of the cost approach is the RCN. In order to estimate the RCN of the buildings and site improvements, various factors were considered including building size, year built, number of stories, and the breakout of the space, property history, and maintenance history. The Company used the data collected to calculate the RCN of the buildings using recognized estimating sources for developing replacement, reproduction, and insurable value costs. In the application of the indirect method cost approach, the first step is to estimate a CRN for each improvement via the indirect (trending) method of the cost approach. To estimate the CRN amounts, the Company applied published inflation indices obtained from third party sources to each asset’s historical cost to convert the known cost into an indication of current cost. As historical cost was used as the starting point for estimating RCN, we only considered this approach for assets with historical records. Once the RCN and CRN of the improvements was computed, the Company estimated an allowance for physical depreciation for the buildings and land improvements based upon its respective age. Intangible Assets The financial information used to estimate the fair values of intangible assets was consistent with the information used in estimating the Company’s enterprise value. Tradenames were valued primarily utilizing the relief from royalty method of the income approach. Significant inputs and assumptions included remaining useful lives, the forecasted revenue streams, applicable royalty rates, tax rates, and applicable discount rates. Customer relationships were considered in the analysis, but based on the valuation under the excess earnings methodology, no value was attributed to customer relationships. The following table reconciles the enterprise value to the estimated fair value of Successor common stock par value $0.01 per share (“Successor Common Stock”), as of the Effective Date (in thousands, except share and per share value): Enterprise value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Non-operating assets 11,324 Fair value of invested capital 637,628 Less: Fair value of Term Loan (152,838 ) Less: Fair value of Capital Leases (70,382 ) Stockholders' equity at December 31, 2016 $ 414,408 Shares outstanding at December 31, 2016 25,998,844 Per share value $ 15.94 In connection with fresh start accounting, the Company’s Term Loan and capital leases were recorded at fair value of $223.2 million as determined using a market approach. The difference between the $242.2 million principal amount and the fair value recorded in fresh start accounting is being amortized over the life of the debt using the effective interest rate method. The fair values of the Warrants was estimated to be $4.04 . The fair value of the Warrants was estimated using a Black-Scholes pricing model with the following assumptions: Stock price $14.66 Strike price $55.25 Expected volatility 55.7 % Expected dividend rate — Risk free interest rate 2.35 % Expiration date December 23, 2023 The fair value of these Warrants was estimated using Level 2 inputs. The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date (in thousands): Enterprise Value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Other non-operating assets 11,324 Fair Value of Invested Capital 637,628 Plus: Current liabilities, excluding current portion of long-term debt 101,353 Plus: Non-current liabilities 29,179 Reorganization Value of Successor Assets $ 768,160 In determining reorganization value, the Company estimated fair value for property and equipment using significant unobservable inputs based on market and income approaches. Basic commissioned third-party appraisal services to estimate the fair value of its revenue-generating fixed assets and considered current market conditions and management’s judgment to estimate the fair value of non-revenue-generating assets. Consolidated Balance Sheet The adjustments set forth in the following consolidated balance sheet reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as estimated fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine estimated fair values or other amounts of assets and liabilities, as well as significant assumptions. As of December 31, 2016 Predecessor Company Reorganization Adjustments Fresh Start Adjustments Successor Company (in thousands, except share amounts) ASSETS Current assets: Cash and cash equivalents $ 27,308 $ 71,567 A $ — $ 98,875 Restricted cash 8,391 (5,962 ) B — 2,429 Trade accounts receivable 108,655 — — 108,655 Accounts receivable - related parties 31 — — 31 Income tax receivable 1,271 — — 1,271 Inventories 35,691 — — 35,691 Prepaid expenses 15,575 — — 15,575 Other current assets 8,506 — (6,503 ) M 2,003 Total current assets 205,428 65,605 (6,503 ) 264,530 Property and equipment, net 667,239 — (178,391 ) N 488,848 Deferred debt costs, net of amortization 1,249 66 C (1,315 ) O — Other intangible assets, net of amortization 57,227 — (53,769 ) P 3,458 Other assets 11,324 — — 11,324 Total assets $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities not subject to compromise: Accounts payable $ 47,932 $ 27 D $ — $ 47,959 Accrued expenses 65,056 (13,879 ) E 152 51,329 Current portion of long-term debt 76,865 (36,740 ) F (1,657 ) Q 38,468 Other current liabilities 2,065 — — 2,065 Total current liabilities 191,918 (50,592 ) (1,505 ) 139,821 Long-term liabilities not subject to compromise: Long-term debt 39,570 162,525 G (17,343 ) R 184,752 Deferred tax liabilities 663 — (663 ) S — Other long-term liabilities 29,179 — — 29,179 Total liabilities not subject to compromise 261,330 111,933 (19,511 ) 353,752 Liabilities subject to compromise 979,437 (979,437 ) H — — Total liabilities 1,240,767 (867,504 ) (19,511 ) 353,752 Stockholders' equity: Predecessor common stock, $0.01 par value: 435 (435 ) I — — Predecessor paid-in capital 387,269 — (387,269 ) J — Predecessor treasury stock (7,519 ) 7,519 L — — Successor preferred stock, $0.01 par value: — — — — Successor common stock; $0.01 par value; — 261 I — 261 Successor additional paid-in capital — 410,540 J 7,084 J 417,624 Retained deficit (678,485 ) 518,767 K 159,718 T — Successor treasury stock — (3,477 ) L — (3,477 ) Total stockholders' equity $ (298,300 ) $ 933,175 $ (220,467 ) $ 414,408 Total liabilities and stockholder's equity $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 Reorganization Adjustments A. Reflects the cash receipts (payments) from implementation of the Prepackaged Plan (in thousands): Record receipt of $125 million under the Rights Offering for New Convertible Notes deemed to have been converted to Successor Common Stock $ 125,000 Capital Lease Fees & Expenses (62 ) Creditors' professional fees transferred to Fee Escrow Account (6,630 ) Debtors' professional fees transferred to Fee Escrow Account (9,526 ) Fees for establishing the Fee Escrow Account (5 ) Payment of ABL Facility Claims on account of fees, charges, or other amounts payable under the ABL Credit Agreement. (66 ) Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. (618 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (41 ) Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Payment of Debtor in Possession Facility Claims, Fees and Accrued Interest (40,296 ) Payment of Fees and Expenses under Debtor in Possession Facility Order (452 ) Payments to 2019 & 2022 Notes Indenture Trustees (89 ) Release of restricted cash to unrestricted cash 5,962 Net Cash Receipts $ 71,567 B. Reflects the release of restricted cash to unrestricted cash. C. Reflects the fees to reinstate the Asset Based Loan under the Prepackaged Plan. D. Rights offering expense for filing with the SEC. E. Reflects payment (receipts) of expenses incurred as part of the reorganization and paid in accordance with the Prepackaged Plan upon emergence (in thousands). Debtors' professional fees transferred to Fee Escrow Account $ 9,526 Creditors' professional fees transferred to Fee Escrow Account 6,630 Payment of Debtor in Possession Facility Claims 1,907 Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. 618 Payment of Fees and Expenses under Debtor in Possession Facility Order 452 Payments to 2019 & 2022 Notes Indenture Trustees 89 Income tax withholding (3,477 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Net Payment of Accrued Expenses $ 13,879 F. Repayment of the Debtor in Possession Financing of $38.4 million partially offset by the reinstatement of short-term portion of the Term Loan debt of $1.6 million in accordance with the Prepackaged Plan G. Reinstatement of long-term debt in accordance with the Prepackaged Plan. H. Liabilities subject to compromise were settled as follows in accordance with the Prepackaged Plan (in thousands): Outstanding principal amount of Term Loan $ 164,175 Accrued interest on Term Loan 1,866 Outstanding Unsecured Notes 775,000 Accrued interest on Unsecured Notes 38,396 Balance of Liabilities Subject to Compromise 979,437 To reinstate the outstanding principal amount of Term Loan under the Amended and Restated Term Loan Facility. $ (164,175 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Record issuance of equity to holders of Unsecured Notes (273,103 ) Recoveries pursuant to the Prepackaged Plan (439,144 ) Net Gain on Debt Discharge $ 540,293 I. Cancellation of Predecessor equity to additional paid-in capital and distribution of 26,095,431 shares of Successor Common Stock at par value of $0.01 per share. Shares Issued Rights Offering 10,825,620 Stock to Predecessor shareholders 75,001 Management Incentive Plan (MIP) 269,810 Stock to Senior Note claimants 14,925,000 Total Successor Shares Issued 26,095,431 J. Record additional paid-in capital adjustments on elimination of Predecessor equity and issuance of shares of Successor Common Stock. K. Reflects the cumulative impact of the reorganization adjustments on retained deficits discussed above (in thousands): Net Gain on Debt discharge $ 540,293 Capital lease fees and expenses (62 ) Fees for establishing the fee escrow account (5 ) Issuance of warrants per terms of the Plan and the Warrant Agreement (8,358 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (42 ) Payment of closing fees and expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Record distribution of 0.5% of the 15 million shares of Successor Common Stock (subject to dilution) to holders of Existing Equity Interests. (1,372 ) Restricted stock amortization expense (216 ) Record issuance of shares for initially vested RSUs under MIP (9,861 ) Net retained earnings impact resulting from implementation of the Prepackaged Plan $ 518,767 L. Elimination of Predecessor Treasury Stock and withholding on shares issued under MIP. Fresh Start Adjustments M. Impairment of assets held for sale. N. Reflects a $178.4 million reduction in the net book value of property and equipment to estimated fair value. The following table summarizes the components of property and equipment, net of the Predecessor Company and Successor Company (in thousands): Successor Predecessor Land $ 21,010 $ 22,135 Buildings and improvements 39,588 74,263 Well service units and equipment 96,365 349,001 Fracturing/test tanks 75,506 354,398 Pumping equipment 85,247 345,991 Fluid services equipment 57,359 265,599 Disposal facilities 47,507 161,220 Contract drilling equipment 12,257 112,289 Rental equipment 32,582 96,724 Light vehicles 12,722 65,434 Software 641 21,914 Other 3,885 13,533 Construction equipment 1,485 15,223 Brine and fresh water stations 2,694 16,035 488,848 1,913,759 Less accumulated depreciation and amortization — 1,246,520 Total $ 488,848 $ 667,239 O. Elimination of deferred debt costs. P. Reflects a $53.8 million reduction of the net book value of intangible assets. Q. Discount to fair market value of current portion of capital leases of $1.7 million , and increase in the fair market value of operating leases of $0.2 million . R. Discount to fair market value of Term Loan of $11.4 million and long-term portion of capital leases of $6 million . S. Elimination of deferred tax liabilities. T. Reflects the cumulative impact of fresh start adjustments as discussed above (in thousands): Retained Deficit Adjustments Eliminate historical loss from Predecessor $ (678,485 ) Eliminate retained deficit due to Prepackaged Plan Effects upon emergence 518,767 Net retained deficit impact of fresh start accounting $ (159,718 )

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic, our wholly-owned subsidiaries and our variable interest entity, for which we hold a majority voting interest. All intercompany transactions and balances have been eliminated. Fresh start accounting As discussed in Note 2, “Emergence from Chapter 11 and Fresh Start Accounting in 2016,” we applied fresh start accounting as of the Convenience Date. Under fresh start accounting, the reorganization value, as derived from the enterprise value established in the Prepackaged Plan, was allocated to our assets and liabilities based on their fair values in accordance with FASB ASC 805. The amount of deferred income taxes recorded was determined in accordance with FASB ASC 740, “Income Taxes” (“FASB ASC 740”). Therefore, all assets and liabilities reflected in the consolidated Balance Sheet of the Successor Company were recorded at fair value or, for deferred income taxes, in accordance with the respective accounting policy described below. Estimates, Risks and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent 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 litigation and self-insured risk reserves. Revenue Recognition Completion and Remedial Services — Completion and remedial services consists primarily of pumping services focused on cementing, acidizing and fracturing, nitrogen units, coiled tubing units, snubbing units, thru-tubing and rental and fishing tools. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices completion and remedial services by the hour, day or project depending on the type of service performed. When Basic provides multiple services to a customer, revenue is allocated to the services performed on a per service basis. Well Servicing — Well servicing consists primarily of maintenance services, workover services, completion services, plugging and abandonment services and rig manufacturing and servicing. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices well servicing by the hour or by the day of service performed. Rig manufacturing revenue is recognized when the rig is accepted by the customer, based on the completed contract method by individual rig. Water Logistics — Water logistics consists primarily of the sale, transportation, treatment, storage and disposal of fluids used in the drilling, production, pipelining and maintenance of oil and natural gas wells, and well site construction and maintenance services. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices water logistics by the job, by the hour or by the quantities sold, disposed of or hauled. Contract Drilling — Contract drilling consists primarily of drilling wells to a specified depth using drilling rigs. Basic recognizes revenues based on either a “daywork” contract, in which an agreed upon rate per day is charged to the customer, a “footage” contract, in which an agreed upon rate is charged per the number of feet drilled, or a “turnkey” contract, in which an agreed upon single rate is charged for a drilled well. Taxes assessed on sales transactions are presented on a net basis and are not included in revenue. Cash and Cash Equivalents Basic considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Basic maintains its excess cash in various financial institutions, where deposits may exceed federally insured amounts at times. Fair Value of Financial Instruments Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts receivable-related parties, accounts payable and accrued expenses approximate fair value because of the short maturities of these instruments. The carrying amount of our revolving credit facility recorded as long-term debt also approximates fair value due to its variable-rate characteristics. The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of December 31, 2017 and 2016 (in thousands): Fair Value December 31, 2017 December 31, 2016 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan 3 153,338 162,052 152,838 152,838 The fair value of the Term Loan Agreement is based upon our discounted cash flows model using a third-party discount rate. The carrying amount of our Credit Facility approximates fair value due to its variable-rate characteristics. The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts receivable-related parties, capital leases, accounts payable and accrued expenses approximate fair value due to the short maturities of these instruments. Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at the lower of cost or market, with cost being determined on the average cost method. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at the lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method. Property and Equipment Property and equipment are stated at cost or at estimated fair value at acquisition date if acquired in a business combination. Expenditures for repairs and maintenance are charged to expense as incurred and additions and improvements that significantly extend the lives of the assets are capitalized. Upon sale or other retirement of depreciable property, the cost and accumulated depreciation and amortization are removed from the related accounts and any gain or loss is reflected in operations. All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years The components of a well servicing rig generally require replacement or refurbishment during the well servicing rig’s life and are depreciated over their estimated useful lives, which ranges from 3 to 15 years. The costs of the original components of a purchased or acquired well servicing rig are not maintained separately from the base rig. Impairments Long-lived assets, which include property, plant and equipment, and purchased intangibles subject to amortization with finite lives, are evaluated whenever events or changes in circumstances (“triggering events”) indicate that the carrying value of certain long-lived assets may not be recoverable. An impairment loss is recorded in the period in which it is determined that the carrying amount of a long-lived asset is not recoverable. The determination of recoverability is made based upon the estimated undiscounted future net cash flows of assets grouped at the lowest level for which there are identifiable cash flows independent of the cash flows of other groups of assets with such cash flows to be realized over the estimated remaining useful life of the primary asset within the asset group, excluding interest expense. The Company determined the lowest level of identifiable cash flows that are independent of other asset groups to be at the reporting unit level, which consists of the well servicing, fluid servicing, completion and remedial services and contract drilling. If the estimated undiscounted future net cash flows are less than the carrying amount of the related assets, an impairment loss is determined by comparing the fair value with the carrying value of the related assets. Debt Issuance Costs Basic capitalizes certain issuance costs associated with borrowing, such as lender’s and attorney’s fees. Debt issuance costs related to our Credit Facility are presented net of amortization as a non-current asset. Our Term Loan is presented net of the amortized debt issuance costs. These costs are amortized over the life of the related debt and included in interest expense using the effective interest method. Amortized debt issuance costs included in interest expense totaled $0.3 million , $6.0 million , and $3.1 million , in 2017, 2016, and 2015, respectively. Intangible Assets Basic’s intangible assets subject to amortization were as follows (in thousands): Successor December 31, 2017 December 31, 2016 Trade names 3,410 3,410 Other intangible assets 48 48 3,458 3,458 Less accumulated amortization 237 — Intangible assets subject to amortization, net $ 3,221 $ 3,458 Amortization expense for the years ended December 31, 2017, 2016 and 2015 was approximately $0.2 million , $8.5 million , and $8.9 million , respectively. Amortization expense for the next five succeeding years is expected to be as follows (in thousands): Amortization Expense 2018 $ 237 2019 237 2020 237 2021 237 2022 227 Thereafter 2,046 $ 3,221 Developed technology are amortized over a 5 -year life. Trade names are amortized over 15 -year life. Stock-Based Compensation Basic has historically compensated our directors, executives and employees through the awarding of stock options and restricted stock and restricted stock units. Basic accounted for stock option and restricted stock awards in 2017 , 2016 , and 2015 using a grant date fair-value based method, resulting in compensation expense for stock-based awards being recorded in our consolidated statements of operations. For performance based restricted stock awards, compensation expense is recognized in the Company's financial statements based on their grant date fair value. Basic utilizes (i) the closing stock price on the date of grant to determine the fair value of vesting restricted stock awards and (ii) a Monte Carlo simulation to determine the fair value of restricted stock awards with a combination of market and service vesting criteria. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award. The expected volatility utilized in the model was estimated using the historical volatility of the Company and our peer companies. The risk-free interest rate was based on the U.S. treasury rate for a term commensurate with the expected life of the grant, and judgment is required in estimating the amount of stock-based awards that are expected to be forfeited. Stock options issued are valued on the grant date using the Black-Scholes-Merton option pricing model and restricted stock issued is valued based on the fair value of Basic’s common stock at the grant date. Because the determination of these various assumptions is subject to significant management judgment and different assumptions could result in material differences in amounts recorded in Basic’s consolidated financial statements, management believes that accounting estimates related to the valuation of stock options are critical. Income Taxes We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event we were to determine that we would be able to realize our deferred income tax assets in the future in excess of their net recorded amount, we would make an adjustment to the valuation allowance which would reduce the provision for income taxes. Accounts Receivable Basic estimates its allowance for losses on accounts receivable based on past collections and expectations for future collections. Basic regularly reviews accounts for collectability. After all collection efforts are exhausted, if the balance is still determined to be uncollectable, the balance is written off. Expense related to the write off of uncollected accounts is recorded in general and administrative expense. Realized losses have been within management’s expectations. Concentrations of Credit Risk Financial instruments, which potentially subject Basic to concentration of credit risk, consist primarily of temporary cash investments and trade receivables. Basic restricts investment of temporary cash investments to financial institutions with high credit standing. Basic’s customer base consists primarily of multi-national and independent oil and natural gas producers. It performs ongoing credit evaluations of its customers but generally does not require collateral on its trade receivables. Credit risk is considered by management to be limited due to the large number of customers comprising its customer base. Basic maintains an allowance for potential credit losses on its trade receivables, and such losses have been within management’s expectations. Basic did not have any one customer which represented 10% or more of consolidated revenue for 2017 , 2016 or 2015 . Asset Retirement Obligations Basic is required to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets and capitalize an equal amount as a cost of the asset depreciating it over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each quarter to reflect the passage of time, changes in the estimated future cash flows underlying the obligation, acquisition or construction of assets, and settlements of obligations. Environmental Basic is subject to extensive federal, state and local environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require Basic to remove or mitigate the adverse environmental effects of disposal or release of petroleum, chemical and other substances at various sites. Environmental expenditures are expensed or capitalized depending on the future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable and the costs can be reasonably estimated. Litigation and Self-Insured Risk Reserves Basic estimates its reserves related to litigation and self-insured risks based on the facts and circumstances specific to the litigation and self-insured claims and its past experience with similar claims. Basic maintains accruals in the consolidated balance sheets to cover self-insurance retentions. Please see Note 7. Commitments and Contingencies for further discussion. Recent Accounting Pronouncements ASU 2014-09 - “ Revenue from Contracts with Customers (Topic 606)" represents a comprehensive revenue recognition standard to supersede existing revenue recognition guidance and align GAAP more closely with International Financial Reporting Standards (IFRS). The core principle of the new guidance is that a company should recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of revenue and cash flows arising from contracts with customers. The new standard requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfer to a customer. The substantial majority of our services are performed at over time, with revenue being recognized at the time of performance, and this is expected remain unchanged. As such, the effect of applying the new guidance to our existing book of contracts will not result in material modifications to our current revenue recognition, or effect earnings in 2018 (and comparative periods previously reported) and in the early years after adoption. We do not incur significant contract costs, which would be required to be amortized over the life of a contract under the new rules. The standard allows for two transition methods: (a) a full retrospective adoption in which the standard is applied to all of the periods presented subject to certain practical expedients, or (b) a modified retrospective adoption in which the standard is applied only to the most current period presented in the financial statements, and which includes additional disclosures regarding the change in accounting principle in the current period. We have adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, we do not expect the adoption of the new standard to have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - “ Leases (Topic 842). ” The purpose of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for Basic in annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Basic expects to recognize additional right-of-use assets and liabilities related to operating leases with terms longer than one year. At December 31, 2017, Basic had operating leases with terms longer than one year of $12.3 million . In August 2016, the FASB issued ASU 2016-15- "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." This standard is effective for Basic for fiscal years beginning after December 15, 2017. The amendments in this update are intended to clarify cash flow treatment of certain cash flows with the objective of reducing diversity in practice. Basic adopted this standard as of January 1, 2018, and did not have significant changes to the cash flow statement as a result. In November 2016 the FASB issued ASU 2016-18- " Statement of Cash Flows (Topic 230): Restricted Cash," which clarifies the treatment of cash inflows into and cash payments from restricted cash. Restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows. The amendments of this ASU should be applied using a retrospective transition method and are effective for reporting periods beginning after December 15, 2017. Basic adopted this standard as of January 1, 2018, and it did not have significant changes to the cash flow statement as a result.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the components of property and equipment (in thousands): December 31, December 31, 2017 2016 Land $ 21,217 $ 21,010 Buildings and improvements 40,043 39,588 Well service units and equipment 113,657 96,365 Fracturing/test tanks 111,172 75,506 Pumping equipment 116,127 85,247 Fluid services equipment 79,711 57,359 Disposal facilities 51,363 47,507 Contract drilling equipment 10,967 12,257 Rental equipment 34,643 32,582 Light vehicles 19,869 12,722 Software 817 641 Other 4,092 3,885 Construction equipment 2,338 1,485 Brine and fresh water stations 2,704 2,694 608,720 488,848 Less accumulated depreciation and amortization (106,141 ) — Property and equipment, net $ 502,579 $ 488,848 Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above (in thousands): December 31, December 31, 2017 2016 Fluid services equipment $ 40,097 $ 29,372 Pumping equipment 56,225 12,806 Light vehicles 12,160 5,729 Contract drilling equipment 783 999 Well service units and equipment 262 — Construction equipment 378 28 109,905 48,934 Less accumulated amortization (18,445 ) — $ 91,460 $ 48,934 Amortization of assets held under capital leases of approximately $20.4 million , $35.5 million and $41.9 million for the years ended December 31, 2017, 2016 and 2015, respectively, is included in depreciation and amortization expense in the consolidated statements of operations.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands): Successor December 31, December 31, 2017 2016 Credit Facilities: Term Loan $ 162,525 $ 164,175 Credit Facility 64,000 — Capital leases and other notes 100,615 78,046 Unamortized discount and deferred debt costs (11,901 ) (19,001 ) 315,239 223,220 Less current portion 55,997 38,468 Long-term debt $ 259,242 $ 184,752 Debt Discounts The following discounts on debt represent the unamortized discount to fair value of our Amended and Restated Term Loan Credit Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): December 31, 2017 December 31, 2016 Unamortized discount on Term Loan $ 9,187 $ 11,401 Unamortized discount on Capital Leases - short-term 1,657 1,600 Unamortized discount on Capital Leases - long-term 891 6,000 Unamortized term loan issuance costs 166 — $ 11,901 $ 19,001 Credit Facility On September 29, 2017, Basic entered into the Credit Facility pursuant to (i) a Receivables Transfer Agreement (the “Transfer Agreement”) entered into by and among Basic Energy Services, L.P. (“BES LP”), as the initial originator and Basic Energy Receivables, LLC (the “SPE”), as the transferee and (ii) the Credit Agreement. Under the Transfer Agreement, BES LP will sell or contribute, on an ongoing basis, its accounts receivable and related security and interests in the proceeds thereof (the “Transferred Receivables”) to the SPE. The SPE will finance a portion of its purchase of the accounts receivable through borrowings, on a revolving basis, of up to $100 million (with the ability to request an increase in the size of the Credit Facility by $50 million ) under the Credit Agreement, and such borrowings will be secured by the accounts receivable. The SPE will finance its purchase of the remaining portion of the accounts receivable by issuing subordinated promissory notes to BES LP and/or by contributing the remaining portion of the accounts receivables in exchange for equity in the SPE in the amount of the purchase price of the receivable not paid in cash. BES LP will be responsible for the servicing, administration and collection of the accounts receivable, with all collections going into lockbox accounts. The Company has provided a customary guaranty of performance to the administrative agent with respect to certain obligations of BES LP and any successor servicer under the Credit Facility. In connection with entering into the Credit Facility, on September 29, 2017, the Company amended the Term Loan Agreement to permit, among other things, (i) the acquisition of the Transferred Receivables by the SPE pursuant to the Transfer Agreement, free and clear of the liens under the Term Loan Agreement and (ii) the transactions contemplated under each of the Transfer Agreement and Credit Agreement. The Company consolidates the SPE, which the Company determined to be a variable interest entity ("VIE"), and all intercompany activity is eliminated upon consolidation. In concluding the SPE is a VIE, the Company determined it is the primary beneficiary of the SPE, as all activities of SPE are for the benefit of the Company. The accounts receivable held at the SPE are used solely to settle the debt obligations of the SPE. The consolidated financial statements include approximately $148.4 million of SPE accounts receivable and $64.0 million of SPE debt. Loans under our Credit Facility bear interest at a fluctuating rate that is (a) the Alternate Base Rate plus 2.25% with respect to ABR Loans or (b) the Adjusted LIBO Rate plus 3.25% with respect to Eurodollar Loans (each as defined in the Credit Agreement). A commitment fee equal to 0.375% per annum will be payable on the unused commitments under the Credit Agreement. The loans made pursuant to the Credit Agreement will mature on September 29, 2021. The interest rate was 4.63% at December 31, 2017. On October 27, 2017, the Company entered into Amendment No. 1. Among other things, Amendment No. 1 (i) increased the aggregate commitments under the Credit Agreement from $100 million to $120 million , (ii) appointed CIT Bank, N.A. to serve as syndication agent and (iii) added new lenders and amended the commitment schedule to the Credit Agreement. As of December 31, 2017, Basic had $45.2 million of letters of credit outstanding secured by restricted cash borrowed under the Credit Facility. Basic had borrowings under the Credit Facility of $64.0 million as of December 31, 2017, giving Basic $11.5 million of available borrowing capacity under the Credit Facility. Second Amended and Restated Revolving Credit Facility On December 23, 2016, the Company entered into a Second Amended and Restated ABL Credit Agreement (the "Second A&R Credit Agreement") with Bank of America, N.A., as administrative agent for the lenders (the “Credit Facility Administrative Agent”), a collateral management agent, the swing line lender and a letters of credit issuer, Wells Fargo Bank, National Association, as a collateral management agent and syndication agent, and the financial institutions party thereto, as lenders. Basic terminated this facility on September 29, 2017. The Second A&R Credit Agreement provides for a $75 million revolving credit loan facility with a $65 million letter of credit sublimit and $10 million swing line sublimit. The obligations under the Second A&R Credit Agreement are guaranteed on a joint and several basis by each of our current subsidiaries, other than our immaterial subsidiaries, and are secured by substantially all of our and our guarantors' assets as collateral under the Third Amended and Restated Security Agreement dated as of the Effective Date (described below). Loans under the Second A&R Credit Agreement bore interest, at the Company’s option, at a rate equal to either (i) the London interbank offered rate (the “Eurodollar Rate”) plus a rate of 2.5% to 4.5% depending on the consolidated leverage ratio at the time of the determination or (ii) a base rate equal to the highest of (a) the federal funds rate, plus 0.50% , (b) the prime rate then in effect publicly announced by Bank of America and (c) the Eurodollar Rate plus 1.0% , the highest is then is added to a rate ranging from 1.5% to 3.5% depending on the consolidated leverage ratio at the time of the determination. Amended and Restated Term Loan Agreement On the Effective Date, we entered into an Amended and Restated Term Loan Credit Agreement (the “Amended and Restated Term Loan Agreement) with a syndicate of lenders and U.S. Bank National Association, as administrative agent for the lenders (the “Term Loan Administrative Agent”). Under the Amended and Restated Term Loan Agreement, on the Effective Date, (i) the outstanding principal amount of pre-petition term loans of each pre-petition term lender were exchanged for loans under the Amended and Restated Term Loan Agreement in an amount equal to such pre-petition term lender’s aggregate outstanding principal amount of pre-petition term loans as of the Effective Date, as determined immediately prior to such exchange and (ii) all accrued and unpaid interest on such pre-petition term loans as of the Effective Date are deemed to be accrued and unpaid interest on the loans. Following such exchange, the aggregate outstanding principal amount of the loans under the Amended and Restated Term Loan Agreement was $164.2 million . Borrowings under the Amended and Restated Term Loan Agreement will mature on February 26, 2021. We may voluntarily prepay the loans under the Amended and Restated Term Loan Agreement in whole or in part without premium or penalty, provided that certain conditions set forth therein are met. We are required to prepay the Amended and Restated Term Loan Agreement in the case of a change of control, certain sales of our assets, certain issuances of indebtedness and under certain other circumstances, in which case such prepayment may be subject to an applicable premium. Each loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to 13.50% . In addition, we will be responsible for the applicable lenders’ fees, including a closing payment equal to 7.00% of the aggregate principal amount of commitments of each lender under the Amended and Restated Term Loan Agreement as of the effective date, and administrative agent fees. Other Debt Basic has a variety of other capital leases and notes payable outstanding, which are generally customary in Basic’s business. None of these debt instruments are material individually. There is a minimum liquidity covenant requiring unrestricted cash and cash equivalents balances to be at or above $25.0 million . At December 31, 2017 , Basic was in compliance with this covenant. As of December 31, 2017 the aggregate maturities of debt, including capital leases, for the next five years and thereafter are as follows (in thousands): Debt Capital Leases 2018 1,650 56,004 2019 1,650 24,163 2020 1,650 14,275 2021 221,575 5,974 Thereafter — 199 $ 226,525 $ 100,615 Basic’s interest expense consisted of the following (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Cash payments for interest $ 25,616 $ 49,621 $ 61,587 Commitment and other fees paid 442 2,898 2,484 Amortization of discount on term loan and capital leases, and debt issuance costs 7,527 9,295 3,362 Change in accrued interest 4,440 34,719 563 Capitalized interest (660 ) — (139 ) Other 107 92 107 Total interest expense $ 37,472 $ 96,625 $ 67,964

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring fair value measurements Fair value is the price that would be received to sell an asset or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. Fair value is a market based measurement considered from the perspective of a market participant. The Company uses market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation. These inputs can be readily observable, market corroborated, or unobservable. If observable prices or inputs are not available, unobservable prices or inputs are used to estimate the current fair value, often using an internal valuation model. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the item being valued. The Company primarily applies a market approach for recurring fair value measurements using the best available information while utilizing valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company also follows the provisions of ASC Topic 820, Fair Value Measurement , for non-financial assets and liabilities measured at fair value on a non-recurring basis. As it relates to Basic, ASC Topic 820 applies to certain non-financial assets and liabilities as may be acquired in a business combination and thereby measured at fair value; measurements of the fair value of goodwill and measurements of property impairments. There is a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The Company classifies fair value balances based on the observability of those inputs. The three levels of the fair value hierarchy are as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured. Level 3 — Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Basic did not have any assets or liabilities that were measured at fair value on a recurring basis at December 31, 2017 and 2016.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 the likelihood of new environmental regulations resulting in a material adverse impact to Basic’s financial position, liquidity, capital resources or future results of operations is unlikely. 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 other than the situation noted below. However, management does recognize that by the very nature of its business, material costs could be incurred in the near term to maintain compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible regulation or liabilities, 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. Operating Leases Basic leases certain property and equipment under non-cancelable operating leases. The terms of the operating leases generally range from 12 to 60 months with varying payment dates throughout each month. As of December 31, 2017, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands): Year ended December 31, 2017 2018 4,969 2019 4,050 2020 3,345 2021 2,990 2022 1,762 Thereafter 135 Total $ 17,251 Rent expense approximated $16.8 million , $11.7 million and $13.9 million for 2017, 2016 and 2015, respectively. Basic leases rights for the use of various brine and fresh water wells and disposal wells ranging in terms from month-to-month up to 99 years. The above table reflects the future minimum lease payments if the lease contains a periodic rental. However, the majority of these leases require payments based on a royalty percentage or a volume usage. Employment Agreements Under the Amended and Restated Employment Agreement with T. M. “Roe” Patterson, Chief Executive Officer and President of Basic, initially effective through December 31, 2017, Mr. Patterson was entitled to an annual salary of $665,000 , to be adjusted subject to review by the Compensation Committee of the Board. Mr. Patterson's agreement was reconfirmed and extended through 2018. Under this employment agreement, Mr. Patterson is eligible from time to time to receive grants of stock options and other long-term equity incentive compensation under the terms of Basic’s equity compensation plans. In addition, upon a qualified termination of employment, Mr. Patterson would be entitled to three times his annual base salary plus his current annual incentive target bonus for the full year in which the termination of employment occurred. If employment is terminated for certain reasons within the six months preceding or the twelve months following the change of control of the Company, Mr. Patterson would be entitled to a lump sum severance payment equal to three times the sum of his annual base salary plus the higher of (i) his current incentive target bonus for the full year in which the termination of employment occurred or (ii) the highest annual incentive bonus received by him for any of the last three fiscal years. Basic also has entered into employment agreements with various other executive officers. Under these agreements, if the officer’s employment is terminated for certain reasons, he would be entitled to a lump sum severance payment equal to either 0.75 times to 1.5 times the sum of his annual base salary plus his current annual incentive target bonus for the full year in which the termination occurred. If employment is terminated for certain reasons within the six months preceding or the twelve months following the change of control of the Company, he would be entitled to a lump sum severance payment equal to either 1.0 or 2.0 times the sum of his annual base salary plus the higher of (i) his current incentive target bonus for the full year in which the termination of employment occurred or (ii) the highest annual incentive bonus received by him for any of the last three fiscal years. 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 rig fleet, with the exception of certain of its 24-hour workover rigs, newly manufactured rigs and pumping services equipment. Basic has deductibles per occurrence for workers’ compensation, general liability claims, and medical and dental coverage of $5.0 million , $1.0 million and $400,000 , respectively. Basic has a $1.0 million deductible per occurrence for automobile liability. Basic maintains accruals in the accompanying consolidated balance sheets related to self-insurance retentions by using third-party data and claims history. At December 31, 2017, short-term and long-term self-insured risk reserves were $15.9 million each, respectively. At December 31, 2016, short-term and long-term self-insured risk reserves were $14.8 million and $15.6 million , respectively. At December 31, 2017 and December 31, 2016, self-insured risk accruals totaled approximately $30.3 million , net of $1.5 million receivable for medical and dental coverage, and $35.0 million , net of $19,000 receivable for medical and dental coverage, respectively.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses The accrued expenses are as follows (in thousands): Successor December 31, 2017 December 31, 2016 Compensation related $ 20,479 $ 18,744 Workers' compensation self-insured risk reserve 6,528 6,956 Health self-insured risk reserve 3,976 3,753 Accrual for receipts 2,391 4,178 Ad valorem taxes 2,081 2,626 Sales tax 1,873 1,652 Insurance obligations 5,695 9,576 Professional fee accrual 1,581 946 Fuel accrual 989 958 Accrued interest 6,380 1,940 $ 51,973 $ 51,329

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Common Stock Basic had 80,000,000 shares of Basic’s common stock, par value $.01 per share, authorized, 26,371,572 shares issued and 26,219,129 shares outstanding at December 31, 2017. In February 2017, Basic granted certain members of management 801,322 performance-based restricted stock units and 320,532 performance-based stock option awards, which each vest over a three -year period. In May 2017, Basic granted 26,700 shares of restricted stock to each of its Directors. In August 2017, Basic granted certain members of management 6,476 stock options, 16,190 restricted stock units, 6,476 performance-based stock options and 16,190 performance-based restricted stock units. On December 23, 2016, Basic granted certain members of management 809,416 restricted common stock units, one third of which immediately vested on the Effective Date with the remainder vesting over a two -year period in equal installments. Treasury Stock Basic acquired treasury shares through net share settlements for payment of payroll taxes upon the vesting of restricted stock unit awards. Basic repurchased a total of 152,443 and 96,587 common shares through net share settlements for the years ended December 31, 2017 and 2016 respectively. Preferred Stock At December 31, 2017 Basic had 5,000,000 shares of preferred stock, par value $.01 per share, authorized, of which none was designated, issued or outstanding.

Incentive Plan

Incentive Plan	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plan	Incentive Plan Incentive Plan On the Effective Date, the Basic Energy Services, Inc. Management Incentive Plan (the “MIP”) became effective pursuant to the Prepackaged Plan. The MIP provides for the issuance of incentive awards in the form of stock options, restricted stock, restricted stock units and performance awards denominated in our common stock. The MIP provides for the issuance of up to 3,237,671 shares of common stock. Of these authorized shares, approximately 1,326,156 shares were available for grant as of December 31, 2017. The board of directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) administers the MIP. The number of shares of common stock authorized under the MIP and the number of shares subject to an award under the MIP, are subject to adjustment in the event of certain recapitalization, reclassification, stock dividend, extraordinary dividend, stock split, reverse stock split or other distribution with respect to our common stock or any merger, reorganization, consolidation, combination, spin-off or other similar corporate change or any other change affecting the common stock. During the years ended December 31, 2017 and 2016, compensation expense related to share-based arrangements under the MIP, including restricted stock, restricted stock units and stock option awards, was approximately $23.0 million and $10.1 million respectively. For compensation expense recognized during the year ended December 31, 2017 and 2016, Basic did no t recognize a tax benefit. As of December 31, 2017, there was $39.7 million unrecognized compensation related to non-vested share-based compensation arrangements granted under the MIP. That cost is expected to be recognized over a weighted average period of 1.89 years. The total fair value of share-based awards vested during the years ended December 31, 2017 and 2016, was approximately $7.3 million and $9.7 million , respectively. During 2017 and 2016, there was no excess tax benefit. 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 MIP expire 10 years from the date they are granted, and generally vest over a period of three years . The following table reflects the summary of stock options outstanding at December 31, 2017: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value Granted Price Term (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 323,770 $ 36.55 Options granted 333,484 41.80 Options forfeited (2,158 ) $ 36.55 Options exercised — $ — Options expired (1,080 ) $ 36.55 Outstanding, end of period 654,016 $ 39.23 9.07 — Exercisable, end of period 109,019 $ 36.55 8.98 — Vested or expected to vest, end of period 544,997 $ 39.76 9.09 — Restricted Stock Unit Awards A summary of the status of Basic’s non-vested RSU grants at December 31, 2017 and changes during the year ended December 31, 2017 is presented in the following table: Weighted Average Number of Grant Date Fair Units Value Per Unit Nonvested at beginning of period 539,606 $ 36.55 Granted during period 860,402 41.37 Vested during period (300,300 ) 35.93 Forfeited during period (2,698 ) 36.55 Nonvested at end of period 1,097,010 $ 40.50 Warrant Agreement On the Effective Date, the Company entered into a warrant agreement (the “Warrant Agreement”) with American Stock Transfer & Trust Company, LLC, as warrant agent. Pursuant to the terms of the Prepackaged Plan, the Company issued warrants (the “Warrants,” and holders thereof “Warrantholders”), which in the aggregate, are exercisable to purchase up to approximately 2,066,627 shares of common stock. In accordance with the Prepackaged Plan, the Company issued Warrants to the holders of the Predecessor common stock, totaling approximately 2,066,627 Warrants outstanding, exercisable until December 23, 2023, to purchase up to an aggregate of approximately 2,066,627 shares of common stock at an initial exercise price of $55.25 per share, subject to adjustment as provided in the Warrant Agreement. At issuance, the warrants were recorded at fair value, which was determined using the Black-Scholes option pricing model. The warrants are equity classified and, at issuance, were recorded as an increase to additional paid-in capital in the amount of $8.4 million . All unexercised Warrants will expire, and the rights of the Warrantholder to purchase common stock will terminate on December 23, 2023, which is the seventh anniversary of the Effective Date.

Deferred Compensation Plan

Deferred Compensation Plan	12 Months Ended
	Dec. 31, 2017
Deferred Compensation Arrangements [Abstract]
Deferred Compensation Plan	Deferred Compensation Plan In April 2005, Basic established a deferred compensation plan for certain employees. Participants may defer up to 50% of their salary and 100% of any cash bonuses. Basic may make contributions of 100% of the first 3% of the participants’ deferred pay and 50% of the next 2% of the participants’ deferred pay to a maximum match of $10,000 per year. Employer matching contributions and earnings thereon are subject to a five -year vesting schedule with full vesting occurring after five years of service. Basic elected to suspend matching for this plan during 2016. Increases in the market value of the deferred employee contributions represented an expense to Basic of $1.1 million, $0.5 million and $0.2 million in 2017, 2016 and 2015, respectively.

Employee 401 (k) Plan

Employee 401 (k) Plan	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Employee 401 (k) Plan	Employee 401 (k) Plan Basic has a 401(k) profit sharing plan that covers substantially all employees. Employees may contribute up to their base salary not to exceed the annual Federal maximum allowed for such plans. At management’s discretion, Basic may make a matching contribution proportional to each employee’s contribution. Employee contributions are fully vested at all times. Employer matching contributions vest incrementally, with full vesting occurring after five years of service. Employer contributions to the 401(k) plan approximated, $0.4 million in 2015, and have been suspended since 2016.

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share Basic loss per common share are determined by dividing net loss applicable to common stock by the weighted average number of common shares actually outstanding during the year. Diluted loss per common share is based on the increased number of shares that would be outstanding assuming conversion of dilutive outstanding securities using the “as if converted” method. The following table sets forth the computation of basic and diluted loss per share (in thousands, except share data): Successor Predecessor Years ended December 31, 2017 2016 2015 Numerator (both basic and diluted): Net loss available to common stockholders $ (96,674 ) $ (123,373 ) $ (241,745 ) Denominator: Denominator for basic earnings per share 26,005,870 41,998,669 40,505,429 Denominator for diluted earnings per share 26,005,870 41,998,669 40,505,429 Basic loss per common share: $ (3.72 ) $ (2.94 ) $ (5.97 ) Diluted loss per common share: $ (3.72 ) $ (2.94 ) $ (5.97 ) The Company has issued potentially dilutive instruments such as unvested restricted stock and common stock options. However, the Company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive. The following shows potentially dilutive instruments: Successor Predecessor Years ended December 31, 2017 2016 2015 Stock options 654,016 — 26,527 Warrants 2,066,624 — — Unvested restricted stock units 16,114 211,363 643,351 2,736,754 211,363 669,878

Supplemental Schedule of Cash F

Supplemental Schedule of Cash Flow Information	12 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Schedule of Cash Flow Information	Supplemental Schedule of Cash Flow Information The following table reflects non-cash activity: Successor Predecessor Predecessor Year ended December 31, 2017 2016 2015 (In thousands) Capital leases issued for equipment $ 67,510 $ 5,652 $ 24,768 Change in accrued property and equipment 7,011 — — During the years ended December 31, 2017 and December 31, 2016 , Basic did not pay any income taxes. Basic received federal and state tax refunds of $1.1 million during the year ended December 31, 2017 , and $0.5 million during the year ended December 31, 2015 .

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Basic’s reportable business segments are Completion and Remedial Services, Water Logistics, Well Servicing, and Contract Drilling. These segments have been selected based on changes in management’s resource allocation and performance assessment in making decisions regarding the Company. The following is a description of the segments: Completion and Remedial Services: This segment utilizes a fleet of pumping units, air compressor packages specially configured for underbalanced drilling operations, coiled tubing services, nitrogen services, cased-hole wireline units, an array of specialized rental equipment and fishing tools, thru-tubing and snubbing units. The largest portion of this business consists of pumping services focused on cementing, acidizing and fracturing services in niche markets. Water Logistics: This segment utilizes a fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities water treatment and related equipment. Basic employs these assets to provide, transport, store and dispose of a variety of fluids. These services are required in most workover, completion and remedial projects as well as part of daily producing well operations. Also included in this segment are our construction services which provide services for the construction and maintenance of oil and natural gas production infrastructures. Well Servicing: This segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. These services are performed to establish, maintain and improve production throughout the productive life of an oil and natural gas well and to plug and abandon a well at the end of its productive life. Basic’s well servicing equipment and capabilities also facilitate most other services performed on a well. This segment also includes the manufacture and servicing of mobile well servicing rigs. Contract Drilling: This segment utilizes shallow and medium depth rigs and associated equipment for drilling wells to a specified depth for customers on a contract basis. Basic’s management evaluates the performance of its operating segments based on operating revenues and segment profits. Corporate expenses include general corporate expenses associated with managing all reportable operating segments. Corporate assets consist principally of working capital and debt financing costs. The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion and Remedial Well Water Contract Corporate Services Servicing Logistics Drilling and Other Total Successor Year ended December 31, 2017 Operating revenues $ 433,450 $ 210,811 $ 208,784 $ 10,996 $ — $ 864,041 Direct operating costs (318,191 ) (169,905 ) (168,621 ) (9,733 ) — (666,450 ) Segment profits $ 115,259 $ 40,906 $ 40,163 $ 1,263 $ — $ 197,591 Depreciation and amortization $ 52,648 $ 20,911 $ 29,210 $ 1,654 $ 7,786 $ 112,209 Capital expenditures $ 77,514 $ 25,077 $ 32,565 $ 159 $ 2,572 $ 137,887 Successor identifiable assets $ 258,711 $ 109,138 $ 129,601 $ 7,205 $ 315,825 $ 820,480 Predecessor Year ended December 31, 2016 Operating revenues $ 184,567 $ 163,966 $ 191,725 $ 7,239 $ — $ 547,497 Direct operating costs (158,762 ) (140,274 ) (161,535 ) (7,079 ) — (467,650 ) Segment profits $ 25,805 $ 23,692 $ 30,190 $ 160 $ — $ 79,847 Depreciation and amortization $ 87,736 $ 48,703 $ 57,119 $ 6,304 $ 18,343 $ 218,205 Capital expenditures $ 8,315 $ 8,727 $ 17,324 $ 276 $ 3,698 $ 38,340 Predecessor identifiable assets $ 215,034 $ 125,474 $ 128,725 $ 14,121 $ 284,806 $ 768,160 Predecessor Year ended December 31, 2015 Operating revenues $ 307,550 $ 217,245 $ 258,597 $ 22,207 $ — $ 805,599 Direct operating costs (245,069 ) (184,952 ) (196,155 ) (16,680 ) — (642,856 ) Segment profits $ 62,481 $ 32,293 $ 62,442 $ 5,527 $ — $ 162,743 Depreciation and amortization $ 83,882 $ 60,466 $ 71,280 $ 14,083 $ 11,760 $ 241,471 Capital expenditures, (excluding acquisitions) $ 22,384 $ 18,732 $ 19,950 $ 2,431 $ 6,323 $ 69,820 Predecessor identifiable assets $ 365,574 $ 233,293 $ 257,036 $ 51,930 $ 230,348 $ 1,138,181 The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands): Successor Predecessor Predecessor Year ended December 31, 2017 2016 2015 Segment profits $ 197,591 $ 79,847 $ 162,743 General and administrative expenses (146,458 ) (135,331 ) (143,458 ) Depreciation and amortization (112,209 ) (218,205 ) (241,471 ) Loss on disposal of assets (274 ) (1,014 ) (1,602 ) Restructuring costs — (20,743 ) — Goodwill impairment — (646 ) (81,877 ) Operating loss $ (61,350 ) $ (296,092 ) $ (305,665 )

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) The following table summarizes results for each of the four quarters in the years ended December 31, 2016 and 2015 (in thousands, except earnings per share data): Successor First Second Third Fourth Quarter Quarter Quarter Quarter Year Year ended December 31, 2017: Total revenues $ 182,019 $ 213,296 $ 233,460 $ 235,266 $ 864,041 Segment profits $ 29,905 $ 46,858 $ 61,932 $ 58,896 $ 197,591 Net loss $ (38,626 ) $ (23,941 ) $ (13,845 ) $ (20,262 ) $ (96,674 ) Loss per share of common stock (a): Basic $ (1.49 ) $ (0.92 ) $ (0.53 ) $ (0.78 ) $ (3.72 ) Diluted $ (1.49 ) $ (0.92 ) $ (0.53 ) $ (0.78 ) $ (3.72 ) Weighted average common shares outstanding: Basic 25,999 26,011 26,001 26,049 26,006 Diluted 25,999 26,011 26,001 26,049 26,006 Year ended December 31, 2016: Predecessor Total revenues $ 130,356 $ 120,004 $ 141,610 $ 155,527 $ 547,497 Segment profits $ 18,370 $ 15,310 $ 25,339 $ 20,828 $ 79,847 Net income (loss) (i) $ (83,339 ) $ (89,883 ) $ (92,097 ) $ 141,946 $ (123,373 ) Income (Loss) per share of common stock (a): Basic $ (2.00 ) $ (2.11 ) $ (2.16 ) $ 3.32 $ (2.94 ) Diluted $ (2.00 ) $ (2.11 ) $ (2.16 ) $ 3.32 $ (2.94 ) Weighted average common shares outstanding: Basic 41,609 42,602 42,690 42,691 41,999 Diluted 41,609 42,602 42,690 42,691 41,999 (a) The sum of individual quarterly net income per share may not agree to the total for the year due to each period's computation being based on the weighted average number of common shares outstanding during each period. (i) The third and fourth quarter 2016 loss included reorganization costs of $10.5 and $10.2 million respectively. The third quarter of 2016 loss included goodwill impairment of $0.6 million.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the Tax Reform Act was signed into law. The legislation significantly changes U.S. tax law by, among other things, lowering the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. As a result of the decrease in the corporate income tax rate, we revalued our ending net deferred tax assets at December 31, 2017, but did not recognize any incremental income tax expense in 2017 due to the revaluation of the valuation allowance. On December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Reform Act. We have provisionally recognized the incremental tax impacts related to the revaluation of deferred tax assets and liabilities and our reassessment of uncertain tax positions and valuation allowances and included these amounts in our Consolidated Financial Statements for the year ended December 31, 2017. The ultimate impact may differ from these provisional amounts, possibly materially, due to, among other things, additional technical analysis including changes in interpretations and assumptions we have made with respect to the Tax Act. The accounting is expected to be complete by the fourth quarter of 2018. Income tax expense (benefit) consists of the following (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Current: Federal $ (1,740 ) $ — $ (151 ) State (16 ) 521 (9 ) Total (1,756 ) 521 (160 ) Deferred: Federal 74 (4,486 ) (127,482 ) State 4 82 (3,688 ) Total 78 (4,404 ) (131,170 ) Total income tax expense (benefit) $ (1,678 ) $ (3,883 ) $ (131,330 ) Basic paid no federal income taxes during the years 2017 , 2016 and 2015. Basic received federal and state tax refunds of $1.1 million during the year ended December 31, 2017 , as a result of electing to monetize alternative minimum tax credit carryforwards in lieu of accelerated tax depreciation. Reconciliation between the amount determined by applying the federal statutory rate of 35% to loss before income taxes to income (benefit) expense is as follows (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Statutory federal income tax $ (34,423 ) $ (44,540 ) $ (130,576 ) Meals and entertainment 706 522 684 State taxes, net of federal benefit (1,662 ) (6,778 ) (3,698 ) Valuation allowance (54,418 ) 188,970 — — Remeasurement of Federal Deferred Taxes 87,227 — — Cancellation of debt income — (178,017 ) — — Bankruptcy transaction costs — 9,783 — — Tax basis adjustments (862 ) 17,981 — — Goodwill impairment — — 2,833 Changes in estimates and other 1,754 8,196 (573 ) $ (1,678 ) $ (3,883 ) $ (131,330 ) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands): Successor Predecessor December 31, 2017 December 31, 2016 Deferred tax assets: Operating loss carryforward $ 151,468 $ 208,973 Goodwill and intangibles 26,717 49,380 Accrued liabilities 9,418 12,351 Deferred debt costs 2,432 5,158 Deferred compensation 2,902 79 Receivables allowance 348 680 Asset retirement obligation 573 859 Inventory 105 167 Valuation Allowances (146,330 ) (189,185 ) Total deferred tax assets $ 47,633 $ 88,462 Deferred tax liabilities: Property and equipment (46,881 ) (88,450 ) Prepaid expenses (830 ) (12 ) Total deferred tax liabilities $ (47,711 ) $ (88,462 ) Net deferred tax liability $ (78 ) $ — Recognized as: Deferred tax liabilities - non-current (78 ) — Net deferred tax liabilities $ (78 ) $ — Under the Prepackaged Plan, a substantial portion of the Company’s pre-petition debt securities were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The Internal Revenue Code of 1986, as amended (“IRC”), provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of any CODI realized as a result of the consummation of a plan of reorganization. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. As a result of the market value of equity upon emergence from Chapter 11 bankruptcy proceedings, the estimated amount of U.S. CODI was approximately $31.7 million , which reduced the value of the Company’s U.S. net operating losses. IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes against future U.S. taxable income in the event of a change in ownership. We believe the Debtors’ emergence from Chapter 11 bankruptcy proceedings is considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. The ownership changes, and resulting annual limitation, is not expected to result in the expiration of any net operating losses generated prior to the emergence date. Basic provides a valuation allowance when it is more likely than not that some portion of the deferred tax assets will not be realized. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. Based on this evaluation, as of December 31, 2017, a valuation allowance of approximately $146.3 million has been recorded on the net deferred tax assets for all federal and state tax jurisdictions in order to measure only the portion of the deferred tax asset that more likely than not will be realized. As of December 31, 2016, a valuation allowance of $189.2 million was recorded against the net deferred tax assets not expected to be realized. Interest is recorded in interest expense and penalties are recorded in income tax expense. Basic had no interest or penalties related to an uncertain tax positions during 2017. Basic files federal income tax returns and state income tax returns in Texas and other state tax jurisdictions. As of December 31, 2017 , Basic had approximately $664.8 million of net operating loss carryforwards ("NOL"), for federal income tax purposes, which begin to expire in 2031 and $246.8 million of net operating loss carryforwards for state income tax purposes which begin to expire in 2018 .

Emergence from Chapter 11 and25

Emergence from Chapter 11 and Fresh Start Accounting	12 Months Ended
	Dec. 31, 2017
Reorganizations [Abstract]
Emergence from Chapter 11 and Fresh Start Accounting	Emergence from Chapter 11 and Fresh Start Accounting in 2016 In connection with the Company’s emergence from Chapter 11, on the Effective Date, the Company applied the provisions of fresh start accounting, pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 852, Reorganizations, (“ASC 852”), to its consolidated financial statements. We evaluated the events between December 23, 2016 and December 31, 2016 and concluded that the use of an accounting convenience date of December 31, 2016 (the “Convenience Date”) would not have a material impact on our results of operations or financial position. As such, the application of fresh start accounting was reflected in our Consolidated Balance Sheet as of December 31, 2016 and fresh start accounting adjustments related thereto were included in our Consolidated Statements of Operations for the year ended December 31, 2016. The implementation of the Prepackaged Plan and the application of fresh start accounting materially changed the carrying amounts and classifications reported in our consolidated financial statements and resulted in the Company becoming a new entity for financial reporting purposes. Accordingly, our consolidated financial statements for periods prior to December 31, 2016 are not comparable to our consolidated financial statements as of December 31, 2016 or for periods subsequent to December 31, 2016. References to “Successor” or “Successor Company” refer to the Company on or after December 31, 2016, after giving effect to the implementation of the Prepackaged Plan and the application of fresh start accounting. References to “Predecessor” or “Predecessor Company” refer to the Company prior to December 31, 2016. Additionally, references to periods on or after December 31, 2016 refer to the Successor and references to periods prior to December 31, 2016 refer to the Predecessor. Emergence from Chapter 11 and Fresh Start Accounting In connection with the Company’s emergence from Chapter 11, the Company qualified for fresh start accounting because (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the Successor Company and (ii) the reorganization value of the Company's assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. FASB ASC 852 requires that fresh start accounting be applied as of the date the Prepackaged Plan was approved, or as of a later date when all material conditions precedent to effectiveness of the Prepackaged Plan are resolved, which occurred on December 23, 2016. We elected to apply fresh start accounting effective December 31, 2016, to coincide with the timing of our normal December accounting period close. We evaluated the events between December 23, 2016 and December 31, 2016 and concluded that the use of an accounting convenience date of December 31, 2016 did not have a material impact on our results of operations or financial position. As such, the application of fresh start accounting was reflected in our Consolidated Balance Sheet as of December 31, 2016 and fresh start accounting adjustments related thereto were included in our Consolidated Statements of Operations for the year ended December 31, 2016. Upon the application of fresh start accounting, the Company allocated the reorganization value to its individual assets and liabilities in conformity with ASC 805, Business Combinations (“ASC 805”). Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets, if present, is reported as goodwill. Under ASC 852, the Successor Company must determine a value to be assigned to the equity of the emerging company as of the date of adoption of fresh start accounting. To facilitate this calculation, the Company estimated the enterprise value of the Successor Company by using a discounted cash flow (“DCF”) analysis under the income approach. The Company also considered the guideline public company and guideline transactions methods under the market approach as reasonableness checks to the indications from the income approach. Enterprise value represents the fair value of an entity’s interest-bearing debt and stockholders’ equity. In the disclosure statement associated with the Prepackaged Plan, which was confirmed by the Bankruptcy Court, the Company estimated a range of enterprise values between $425 million and $625 million , with a midpoint of $525 million . The Company deemed it appropriate to use the midpoint between the low end and high end of the range to determine the final enterprise value of $525 million utilized for fresh-start accounting. To estimate enterprise value utilizing the DCF method, the Company established an estimate of future cash flows for the period ranging from 2017 to 2025 and discounted the estimated future cash flows to present value. The expected cash flows for the period 2017 to 2025 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period 2017 to 2025 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable, and an effective tax rate of 38.5% . A terminal value was included, based on the cash flows of the final year of the forecast period. The discount rate of 17.0% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows. The guideline public company and guideline transaction analysis identified a group of comparable companies and transactions that have operating and financial characteristics comparable in certain respects to the Company, including, for example, comparable lines of business, business risks and market presence. Under these methodologies, certain financial multiples and ratios that measure financial performance and value are calculated for each selected company or transactions and then compared to the implied multiples from the DCF analysis. The Company considered enterprise value as a multiple of each selected company and transactions publicly available earnings before interest, taxes, depreciation and amortization (“EBITDA”). The estimated enterprise value and the equity value are highly dependent on the achievement of the future financial results contemplated in the projections that were set forth in the Prepackaged Plan. The estimates and assumptions made in the valuation are inherently subject to significant uncertainties. The primary assumptions for which there is a reasonable possibility of the occurrence of a variation that would have significantly affected the reorganization value include the assumptions regarding revenue growth, operating expenses, the amount and timing of capital expenditures and the discount rate utilized. Fresh start accounting reflects the value of the Successor Company as determined in the confirmed Prepackaged Plan. Under fresh start accounting, asset values are remeasured and allocated based on their respective fair values in conformity with the acquisition method of accounting for business combinations in ASC 805. Liabilities existing as of the Effective Date, other than deferred taxes were recorded at the present value of amounts expected to be paid using appropriate risk adjusted interest rates. Deferred taxes were determined in conformity with applicable accounting standards. Predecessor accumulated depreciation, accumulated amortization and retained deficit were eliminated. Machinery and Equipment To estimate the fair value of machinery and equipment, the Company considered the income approach, the cost approach, and the sales comparison (market) approach for each individual asset. The primary approaches that were relied upon to value these assets were the cost approach and the market approach. Although the income approach was not applied to value the machinery and equipment assets individually, the Company did consider the earnings of the enterprise of which these assets are a part. When more than one approach is used to develop a valuation, the various approaches are reconciled to determine a final value conclusion. The typical starting point or basis of the valuation estimate is replacement cost new (RCN), reproduction cost new (CRN), or a combination of both. Once the RCN and CRN estimates are adjusted for physical and functional conditions, they are then compared to market data and other indications of value, where available, to confirm results obtained by the cost approach. Where direct RCN estimates were not available or deemed inappropriate, the CRN for machinery and equipment was estimated using the indirect (trending) method, in which percentage changes in applicable price indices are applied to historical costs to convert them into indications of current costs. To estimate the CRN amounts, inflation indices from established external sources were then applied to historical costs to estimate the CRN for each asset. The market approach measures the value of an asset through an analysis of recent sales or offerings of comparable property, and takes into account physical, functional and economic conditions. Where direct or comparable matches could not be reasonably obtained, the Company utilized the percent of cost technique of the market approach. This technique looks at general sales, sales listings, and auction data for each major asset category. This information is then used in conjunction with each asset’s effective age to develop ratios between the sales price and RCN or CRN of similar asset types. A market-based depreciation curve was developed and applied to asset categories where sufficient sales and auction information existed. Where market information was not available or a market approach was deemed inappropriate, the Company developed a cost approach. In doing so, an indicated value is derived by deducting physical deterioration from the RCN or CRN of each identifiable asset or group of assets. Physical deterioration is the loss in value or usefulness of a property due to the using up or expiration of its useful life caused by wear and tear, deterioration, exposure to various elements, physical stresses, and similar factors. Functional and economic obsolescence related to these was also considered. Functional obsolescence due to excess capital costs was eliminated through the direct method of the cost approach to estimate the RCN. Functional obsolescence was applied in the form of a cost-to-cure penalty to certain personal property assets needing significant capital repairs. Economic obsolescence was also applied to stacked and underutilized assets based on the status of the asset. Economic obsolescence was also considered in situations in which the earnings of the applicable business segment in which the assets are employed suggest economic obsolescence. When penalizing assets for economic obsolescence, an additional economic obsolescence penalty was levied, while considering scrap value to be the floor value for an asset. Land and Buildings In establishing the fair value of the real property assets, each of the three traditional approaches to value: the income approach, the market approach and the cost approach was considered. The Company primarily relied on the market and cost approaches. Land - In valuing the fee simple interest in the land, the Company utilized the sales comparison approach (market approach). The sales comparison approach estimates value based on what other purchasers and sellers in the market have agreed to as the price for comparable properties. This approach is based on the principle of substitution, which states that the limits of prices, rents and rates tend to be set by the prevailing prices, rents and rates of equally desirable substitutes. In conducting the sales comparison approach, data was gathered on comparable properties and adjustments were made for factors including market conditions, size, access/frontage, zoning, location, and conditions of sale. Greatest weight was typically given to the comparable sales in proximity and similar in size to each of the owned sites. In some cases, market participants were contacted to augment the analysis and to confirm the conclusions of value. Building & Site Improvements - In valuing the fee simple interest in the real property improvements, the Company utilized the direct and indirect methods of the cost approach. For the direct method cost approach analysis, the starting point or basis of the cost approach is the RCN. In order to estimate the RCN of the buildings and site improvements, various factors were considered including building size, year built, number of stories, and the breakout of the space, property history, and maintenance history. The Company used the data collected to calculate the RCN of the buildings using recognized estimating sources for developing replacement, reproduction, and insurable value costs. In the application of the indirect method cost approach, the first step is to estimate a CRN for each improvement via the indirect (trending) method of the cost approach. To estimate the CRN amounts, the Company applied published inflation indices obtained from third party sources to each asset’s historical cost to convert the known cost into an indication of current cost. As historical cost was used as the starting point for estimating RCN, we only considered this approach for assets with historical records. Once the RCN and CRN of the improvements was computed, the Company estimated an allowance for physical depreciation for the buildings and land improvements based upon its respective age. Intangible Assets The financial information used to estimate the fair values of intangible assets was consistent with the information used in estimating the Company’s enterprise value. Tradenames were valued primarily utilizing the relief from royalty method of the income approach. Significant inputs and assumptions included remaining useful lives, the forecasted revenue streams, applicable royalty rates, tax rates, and applicable discount rates. Customer relationships were considered in the analysis, but based on the valuation under the excess earnings methodology, no value was attributed to customer relationships. The following table reconciles the enterprise value to the estimated fair value of Successor common stock par value $0.01 per share (“Successor Common Stock”), as of the Effective Date (in thousands, except share and per share value): Enterprise value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Non-operating assets 11,324 Fair value of invested capital 637,628 Less: Fair value of Term Loan (152,838 ) Less: Fair value of Capital Leases (70,382 ) Stockholders' equity at December 31, 2016 $ 414,408 Shares outstanding at December 31, 2016 25,998,844 Per share value $ 15.94 In connection with fresh start accounting, the Company’s Term Loan and capital leases were recorded at fair value of $223.2 million as determined using a market approach. The difference between the $242.2 million principal amount and the fair value recorded in fresh start accounting is being amortized over the life of the debt using the effective interest rate method. The fair values of the Warrants was estimated to be $4.04 . The fair value of the Warrants was estimated using a Black-Scholes pricing model with the following assumptions: Stock price $14.66 Strike price $55.25 Expected volatility 55.7 % Expected dividend rate — Risk free interest rate 2.35 % Expiration date December 23, 2023 The fair value of these Warrants was estimated using Level 2 inputs. The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date (in thousands): Enterprise Value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Other non-operating assets 11,324 Fair Value of Invested Capital 637,628 Plus: Current liabilities, excluding current portion of long-term debt 101,353 Plus: Non-current liabilities 29,179 Reorganization Value of Successor Assets $ 768,160 In determining reorganization value, the Company estimated fair value for property and equipment using significant unobservable inputs based on market and income approaches. Basic commissioned third-party appraisal services to estimate the fair value of its revenue-generating fixed assets and considered current market conditions and management’s judgment to estimate the fair value of non-revenue-generating assets. Consolidated Balance Sheet The adjustments set forth in the following consolidated balance sheet reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as estimated fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine estimated fair values or other amounts of assets and liabilities, as well as significant assumptions. As of December 31, 2016 Predecessor Company Reorganization Adjustments Fresh Start Adjustments Successor Company (in thousands, except share amounts) ASSETS Current assets: Cash and cash equivalents $ 27,308 $ 71,567 A $ — $ 98,875 Restricted cash 8,391 (5,962 ) B — 2,429 Trade accounts receivable 108,655 — — 108,655 Accounts receivable - related parties 31 — — 31 Income tax receivable 1,271 — — 1,271 Inventories 35,691 — — 35,691 Prepaid expenses 15,575 — — 15,575 Other current assets 8,506 — (6,503 ) M 2,003 Total current assets 205,428 65,605 (6,503 ) 264,530 Property and equipment, net 667,239 — (178,391 ) N 488,848 Deferred debt costs, net of amortization 1,249 66 C (1,315 ) O — Other intangible assets, net of amortization 57,227 — (53,769 ) P 3,458 Other assets 11,324 — — 11,324 Total assets $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities not subject to compromise: Accounts payable $ 47,932 $ 27 D $ — $ 47,959 Accrued expenses 65,056 (13,879 ) E 152 51,329 Current portion of long-term debt 76,865 (36,740 ) F (1,657 ) Q 38,468 Other current liabilities 2,065 — — 2,065 Total current liabilities 191,918 (50,592 ) (1,505 ) 139,821 Long-term liabilities not subject to compromise: Long-term debt 39,570 162,525 G (17,343 ) R 184,752 Deferred tax liabilities 663 — (663 ) S — Other long-term liabilities 29,179 — — 29,179 Total liabilities not subject to compromise 261,330 111,933 (19,511 ) 353,752 Liabilities subject to compromise 979,437 (979,437 ) H — — Total liabilities 1,240,767 (867,504 ) (19,511 ) 353,752 Stockholders' equity: Predecessor common stock, $0.01 par value: 435 (435 ) I — — Predecessor paid-in capital 387,269 — (387,269 ) J — Predecessor treasury stock (7,519 ) 7,519 L — — Successor preferred stock, $0.01 par value: — — — — Successor common stock; $0.01 par value; — 261 I — 261 Successor additional paid-in capital — 410,540 J 7,084 J 417,624 Retained deficit (678,485 ) 518,767 K 159,718 T — Successor treasury stock — (3,477 ) L — (3,477 ) Total stockholders' equity $ (298,300 ) $ 933,175 $ (220,467 ) $ 414,408 Total liabilities and stockholder's equity $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 Reorganization Adjustments A. Reflects the cash receipts (payments) from implementation of the Prepackaged Plan (in thousands): Record receipt of $125 million under the Rights Offering for New Convertible Notes deemed to have been converted to Successor Common Stock $ 125,000 Capital Lease Fees & Expenses (62 ) Creditors' professional fees transferred to Fee Escrow Account (6,630 ) Debtors' professional fees transferred to Fee Escrow Account (9,526 ) Fees for establishing the Fee Escrow Account (5 ) Payment of ABL Facility Claims on account of fees, charges, or other amounts payable under the ABL Credit Agreement. (66 ) Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. (618 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (41 ) Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Payment of Debtor in Possession Facility Claims, Fees and Accrued Interest (40,296 ) Payment of Fees and Expenses under Debtor in Possession Facility Order (452 ) Payments to 2019 & 2022 Notes Indenture Trustees (89 ) Release of restricted cash to unrestricted cash 5,962 Net Cash Receipts $ 71,567 B. Reflects the release of restricted cash to unrestricted cash. C. Reflects the fees to reinstate the Asset Based Loan under the Prepackaged Plan. D. Rights offering expense for filing with the SEC. E. Reflects payment (receipts) of expenses incurred as part of the reorganization and paid in accordance with the Prepackaged Plan upon emergence (in thousands). Debtors' professional fees transferred to Fee Escrow Account $ 9,526 Creditors' professional fees transferred to Fee Escrow Account 6,630 Payment of Debtor in Possession Facility Claims 1,907 Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. 618 Payment of Fees and Expenses under Debtor in Possession Facility Order 452 Payments to 2019 & 2022 Notes Indenture Trustees 89 Income tax withholding (3,477 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Net Payment of Accrued Expenses $ 13,879 F. Repayment of the Debtor in Possession Financing of $38.4 million partially offset by the reinstatement of short-term portion of the Term Loan debt of $1.6 million in accordance with the Prepackaged Plan G. Reinstatement of long-term debt in accordance with the Prepackaged Plan. H. Liabilities subject to compromise were settled as follows in accordance with the Prepackaged Plan (in thousands): Outstanding principal amount of Term Loan $ 164,175 Accrued interest on Term Loan 1,866 Outstanding Unsecured Notes 775,000 Accrued interest on Unsecured Notes 38,396 Balance of Liabilities Subject to Compromise 979,437 To reinstate the outstanding principal amount of Term Loan under the Amended and Restated Term Loan Facility. $ (164,175 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Record issuance of equity to holders of Unsecured Notes (273,103 ) Recoveries pursuant to the Prepackaged Plan (439,144 ) Net Gain on Debt Discharge $ 540,293 I. Cancellation of Predecessor equity to additional paid-in capital and distribution of 26,095,431 shares of Successor Common Stock at par value of $0.01 per share. Shares Issued Rights Offering 10,825,620 Stock to Predecessor shareholders 75,001 Management Incentive Plan (MIP) 269,810 Stock to Senior Note claimants 14,925,000 Total Successor Shares Issued 26,095,431 J. Record additional paid-in capital adjustments on elimination of Predecessor equity and issuance of shares of Successor Common Stock. K. Reflects the cumulative impact of the reorganization adjustments on retained deficits discussed above (in thousands): Net Gain on Debt discharge $ 540,293 Capital lease fees and expenses (62 ) Fees for establishing the fee escrow account (5 ) Issuance of warrants per terms of the Plan and the Warrant Agreement (8,358 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (42 ) Payment of closing fees and expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Record distribution of 0.5% of the 15 million shares of Successor Common Stock (subject to dilution) to holders of Existing Equity Interests. (1,372 ) Restricted stock amortization expense (216 ) Record issuance of shares for initially vested RSUs under MIP (9,861 ) Net retained earnings impact resulting from implementation of the Prepackaged Plan $ 518,767 L. Elimination of Predecessor Treasury Stock and withholding on shares issued under MIP. Fresh Start Adjustments M. Impairment of assets held for sale. N. Reflects a $178.4 million reduction in the net book value of property and equipment to estimated fair value. The following table summarizes the components of property and equipment, net of the Predecessor Company and Successor Company (in thousands): Successor Predecessor Land $ 21,010 $ 22,135 Buildings and improvements 39,588 74,263 Well service units and equipment 96,365 349,001 Fracturing/test tanks 75,506 354,398 Pumping equipment 85,247 345,991 Fluid services equipment 57,359 265,599 Disposal facilities 47,507 161,220 Contract drilling equipment 12,257 112,289 Rental equipment 32,582 96,724 Light vehicles 12,722 65,434 Software 641 21,914 Other 3,885 13,533 Construction equipment 1,485 15,223 Brine and fresh water stations 2,694 16,035 488,848 1,913,759 Less accumulated depreciation and amortization — 1,246,520 Total $ 488,848 $ 667,239 O. Elimination of deferred debt costs. P. Reflects a $53.8 million reduction of the net book value of intangible assets. Q. Discount to fair market value of current portion of capital leases of $1.7 million , and increase in the fair market value of operating leases of $0.2 million . R. Discount to fair market value of Term Loan of $11.4 million and long-term portion of capital leases of $6 million . S. Elimination of deferred tax liabilities. T. Reflects the cumulative impact of fresh start adjustments as discussed above (in thousands): Retained Deficit Adjustments Eliminate historical loss from Predecessor $ (678,485 ) Eliminate retained deficit due to Prepackaged Plan Effects upon emergence 518,767 Net retained deficit impact of fresh start accounting $ (159,718 )

Schedule II - Valuation And Qua

Schedule II - Valuation And Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts Additions Balance at Charged to Charged to Balance at Beginning of Costs and Other Deductions End of Description Period Expenses (a) Accounts (b) (c) Period (in thousands) Successor Year Ended December 31, 2017 Allowance for Bad Debt $ — $ 369 $ 1,858 $ (704 ) $ 1,523 Successor Year Ended December 31, 2016 Allowance for Bad Debt $ 2,670 $ 1,099 $ (1,858 ) $ (1,911 ) $ — Predecessor Year Ended December 31, 2015 Allowance for Bad Debt $ 2,032 $ 2,850 — $ (2,212 ) $ 2,670 (a)Charges relate to provisions for doubtful accounts (b)Reflects the impact of reorganization and recording accounts receivable at fair value (c)Deductions relate to the write-off of accounts receivable deemed uncollectible

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic, our wholly-owned subsidiaries and our variable interest entity, for which we hold a majority voting interest. All intercompany transactions and balances have been eliminated.
Estimates, Risks and Uncertainties	Estimates, Risks and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent 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 litigation and self-insured risk reserves.
Revenue Recognition	Revenue Recognition Completion and Remedial Services — Completion and remedial services consists primarily of pumping services focused on cementing, acidizing and fracturing, nitrogen units, coiled tubing units, snubbing units, thru-tubing and rental and fishing tools. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices completion and remedial services by the hour, day or project depending on the type of service performed. When Basic provides multiple services to a customer, revenue is allocated to the services performed on a per service basis. Well Servicing — Well servicing consists primarily of maintenance services, workover services, completion services, plugging and abandonment services and rig manufacturing and servicing. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices well servicing by the hour or by the day of service performed. Rig manufacturing revenue is recognized when the rig is accepted by the customer, based on the completed contract method by individual rig. Water Logistics — Water logistics consists primarily of the sale, transportation, treatment, storage and disposal of fluids used in the drilling, production, pipelining and maintenance of oil and natural gas wells, and well site construction and maintenance services. Basic recognizes revenue when services are performed, collection of the relevant receivables is probable, persuasive evidence of an arrangement exists and the price is fixed or determinable. Basic prices water logistics by the job, by the hour or by the quantities sold, disposed of or hauled. Contract Drilling — Contract drilling consists primarily of drilling wells to a specified depth using drilling rigs. Basic recognizes revenues based on either a “daywork” contract, in which an agreed upon rate per day is charged to the customer, a “footage” contract, in which an agreed upon rate is charged per the number of feet drilled, or a “turnkey” contract, in which an agreed upon single rate is charged for a drilled well. Taxes assessed on sales transactions are presented on a net basis and are not included in revenue.
Cash and Cash Equivalents	Cash and Cash Equivalents Basic considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Basic maintains its excess cash in various financial institutions, where deposits may exceed federally insured amounts at times.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts receivable-related parties, accounts payable and accrued expenses approximate fair value because of the short maturities of these instruments. The carrying amount of our revolving credit facility recorded as long-term debt also approximates fair value due to its variable-rate characteristics. The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of December 31, 2017 and 2016 (in thousands): Fair Value December 31, 2017 December 31, 2016 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan 3 153,338 162,052 152,838 152,838 The fair value of the Term Loan Agreement is based upon our discounted cash flows model using a third-party discount rate. The carrying amount of our Credit Facility approximates fair value due to its variable-rate characteristics. The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts receivable-related parties, capital leases, accounts payable and accrued expenses approximate fair value due to the short maturities of these instruments.
Inventories	Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at the lower of cost or market, with cost being determined on the average cost method. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at the lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method.
Property and Equipment	Property and Equipment Property and equipment are stated at cost or at estimated fair value at acquisition date if acquired in a business combination. Expenditures for repairs and maintenance are charged to expense as incurred and additions and improvements that significantly extend the lives of the assets are capitalized. Upon sale or other retirement of depreciable property, the cost and accumulated depreciation and amortization are removed from the related accounts and any gain or loss is reflected in operations. All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years The components of a well servicing rig generally require replacement or refurbishment during the well servicing rig’s life and are depreciated over their estimated useful lives, which ranges from 3 to 15 years. The costs of the original components of a purchased or acquired well servicing rig are not maintained separately from the base rig.
Impairments	Impairments Long-lived assets, which include property, plant and equipment, and purchased intangibles subject to amortization with finite lives, are evaluated whenever events or changes in circumstances (“triggering events”) indicate that the carrying value of certain long-lived assets may not be recoverable. An impairment loss is recorded in the period in which it is determined that the carrying amount of a long-lived asset is not recoverable. The determination of recoverability is made based upon the estimated undiscounted future net cash flows of assets grouped at the lowest level for which there are identifiable cash flows independent of the cash flows of other groups of assets with such cash flows to be realized over the estimated remaining useful life of the primary asset within the asset group, excluding interest expense. The Company determined the lowest level of identifiable cash flows that are independent of other asset groups to be at the reporting unit level, which consists of the well servicing, fluid servicing, completion and remedial services and contract drilling. If the estimated undiscounted future net cash flows are less than the carrying amount of the related assets, an impairment loss is determined by comparing the fair value with the carrying value of the related assets.
Debt Issuance Costs	Debt Issuance Costs Basic capitalizes certain issuance costs associated with borrowing, such as lender’s and attorney’s fees. Debt issuance costs related to our Credit Facility are presented net of amortization as a non-current asset. Our Term Loan is presented net of the amortized debt issuance costs. These costs are amortized over the life of the related debt and included in interest expense using the effective interest method.
Intangible Assets	Intangible Assets Basic’s intangible assets subject to amortization were as follows (in thousands): Successor December 31, 2017 December 31, 2016 Trade names 3,410 3,410 Other intangible assets 48 48 3,458 3,458 Less accumulated amortization 237 — Intangible assets subject to amortization, net $ 3,221 $ 3,458 Amortization expense for the years ended December 31, 2017, 2016 and 2015 was approximately $0.2 million , $8.5 million , and $8.9 million , respectively. Amortization expense for the next five succeeding years is expected to be as follows (in thousands): Amortization Expense 2018 $ 237 2019 237 2020 237 2021 237 2022 227 Thereafter 2,046 $ 3,221 Developed technology are amortized over a 5 -year life. Trade names are amortized over 15 -year life.
Stock-Based Compensation	Stock-Based Compensation Basic has historically compensated our directors, executives and employees through the awarding of stock options and restricted stock and restricted stock units. Basic accounted for stock option and restricted stock awards in 2017 , 2016 , and 2015 using a grant date fair-value based method, resulting in compensation expense for stock-based awards being recorded in our consolidated statements of operations. For performance based restricted stock awards, compensation expense is recognized in the Company's financial statements based on their grant date fair value. Basic utilizes (i) the closing stock price on the date of grant to determine the fair value of vesting restricted stock awards and (ii) a Monte Carlo simulation to determine the fair value of restricted stock awards with a combination of market and service vesting criteria. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award. The expected volatility utilized in the model was estimated using the historical volatility of the Company and our peer companies. The risk-free interest rate was based on the U.S. treasury rate for a term commensurate with the expected life of the grant, and judgment is required in estimating the amount of stock-based awards that are expected to be forfeited. Stock options issued are valued on the grant date using the Black-Scholes-Merton option pricing model and restricted stock issued is valued based on the fair value of Basic’s common stock at the grant date. Because the determination of these various assumptions is subject to significant management judgment and different assumptions could result in material differences in amounts recorded in Basic’s consolidated financial statements, management believes that accounting estimates related to the valuation of stock options are critical.
Income Taxes	Income Taxes We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event we were to determine that we would be able to realize our deferred income tax assets in the future in excess of their net recorded amount, we would make an adjustment to the valuation allowance which would reduce the provision for income taxes.
Accounts Receivable	Accounts Receivable Basic estimates its allowance for losses on accounts receivable based on past collections and expectations for future collections. Basic regularly reviews accounts for collectability. After all collection efforts are exhausted, if the balance is still determined to be uncollectable, the balance is written off. Expense related to the write off of uncollected accounts is recorded in general and administrative expense. Realized losses have been within management’s expectations.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments, which potentially subject Basic to concentration of credit risk, consist primarily of temporary cash investments and trade receivables. Basic restricts investment of temporary cash investments to financial institutions with high credit standing. Basic’s customer base consists primarily of multi-national and independent oil and natural gas producers. It performs ongoing credit evaluations of its customers but generally does not require collateral on its trade receivables. Credit risk is considered by management to be limited due to the large number of customers comprising its customer base. Basic maintains an allowance for potential credit losses on its trade receivables, and such losses have been within management’s expectations.
Asset Retirement Obligations	Asset Retirement Obligations Basic is required to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets and capitalize an equal amount as a cost of the asset depreciating it over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each quarter to reflect the passage of time, changes in the estimated future cash flows underlying the obligation, acquisition or construction of assets, and settlements of obligations.
Environmental	Environmental Basic is subject to extensive federal, state and local environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require Basic to remove or mitigate the adverse environmental effects of disposal or release of petroleum, chemical and other substances at various sites. Environmental expenditures are expensed or capitalized depending on the future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable and the costs can be reasonably estimated.
Litigation and Self-Insured Risk Reserves	Litigation and Self-Insured Risk Reserves Basic estimates its reserves related to litigation and self-insured risks based on the facts and circumstances specific to the litigation and self-insured claims and its past experience with similar claims. Basic maintains accruals in the consolidated balance sheets to cover self-insurance retentions. Please see Note 7. Commitments and Contingencies for further discussion.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2014-09 - “ Revenue from Contracts with Customers (Topic 606)" represents a comprehensive revenue recognition standard to supersede existing revenue recognition guidance and align GAAP more closely with International Financial Reporting Standards (IFRS). The core principle of the new guidance is that a company should recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of revenue and cash flows arising from contracts with customers. The new standard requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfer to a customer. The substantial majority of our services are performed at over time, with revenue being recognized at the time of performance, and this is expected remain unchanged. As such, the effect of applying the new guidance to our existing book of contracts will not result in material modifications to our current revenue recognition, or effect earnings in 2018 (and comparative periods previously reported) and in the early years after adoption. We do not incur significant contract costs, which would be required to be amortized over the life of a contract under the new rules. The standard allows for two transition methods: (a) a full retrospective adoption in which the standard is applied to all of the periods presented subject to certain practical expedients, or (b) a modified retrospective adoption in which the standard is applied only to the most current period presented in the financial statements, and which includes additional disclosures regarding the change in accounting principle in the current period. We have adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, we do not expect the adoption of the new standard to have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - “ Leases (Topic 842). ” The purpose of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for Basic in annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Basic expects to recognize additional right-of-use assets and liabilities related to operating leases with terms longer than one year. At December 31, 2017, Basic had operating leases with terms longer than one year of $12.3 million . In August 2016, the FASB issued ASU 2016-15- "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." This standard is effective for Basic for fiscal years beginning after December 15, 2017. The amendments in this update are intended to clarify cash flow treatment of certain cash flows with the objective of reducing diversity in practice. Basic adopted this standard as of January 1, 2018, and did not have significant changes to the cash flow statement as a result. In November 2016 the FASB issued ASU 2016-18- " Statement of Cash Flows (Topic 230): Restricted Cash," which clarifies the treatment of cash inflows into and cash payments from restricted cash. Restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows. The amendments of this ASU should be applied using a retrospective transition method and are effective for reporting periods beginning after December 15, 2017. Basic adopted this standard as of January 1, 2018, and it did not have significant changes to the cash flow statement as a result.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Carrying Amount and Fair Value of Financial Instruments	The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of December 31, 2017 and 2016 (in thousands): Fair Value December 31, 2017 December 31, 2016 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Term Loan 3 153,338 162,052 152,838 152,838
Summary of Estimated Useful Lives of the Assets	All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years
Amortizable Intangible Assets	Basic’s intangible assets subject to amortization were as follows (in thousands): Successor December 31, 2017 December 31, 2016 Trade names 3,410 3,410 Other intangible assets 48 48 3,458 3,458 Less accumulated amortization 237 — Intangible assets subject to amortization, net $ 3,221 $ 3,458
Schedule of Amortization Expense	Amortization expense for the next five succeeding years is expected to be as follows (in thousands): Amortization Expense 2018 $ 237 2019 237 2020 237 2021 237 2022 227 Thereafter 2,046 $ 3,221

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	The following table summarizes the components of property and equipment (in thousands): December 31, December 31, 2017 2016 Land $ 21,217 $ 21,010 Buildings and improvements 40,043 39,588 Well service units and equipment 113,657 96,365 Fracturing/test tanks 111,172 75,506 Pumping equipment 116,127 85,247 Fluid services equipment 79,711 57,359 Disposal facilities 51,363 47,507 Contract drilling equipment 10,967 12,257 Rental equipment 34,643 32,582 Light vehicles 19,869 12,722 Software 817 641 Other 4,092 3,885 Construction equipment 2,338 1,485 Brine and fresh water stations 2,704 2,694 608,720 488,848 Less accumulated depreciation and amortization (106,141 ) — Property and equipment, net $ 502,579 $ 488,848 The following table summarizes the components of property and equipment, net of the Predecessor Company and Successor Company (in thousands): Successor Predecessor Land $ 21,010 $ 22,135 Buildings and improvements 39,588 74,263 Well service units and equipment 96,365 349,001 Fracturing/test tanks 75,506 354,398 Pumping equipment 85,247 345,991 Fluid services equipment 57,359 265,599 Disposal facilities 47,507 161,220 Contract drilling equipment 12,257 112,289 Rental equipment 32,582 96,724 Light vehicles 12,722 65,434 Software 641 21,914 Other 3,885 13,533 Construction equipment 1,485 15,223 Brine and fresh water stations 2,694 16,035 488,848 1,913,759 Less accumulated depreciation and amortization — 1,246,520 Total $ 488,848 $ 667,239
Schedule of Property, Plant and Equipment Under Capital Lease	The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above (in thousands): December 31, December 31, 2017 2016 Fluid services equipment $ 40,097 $ 29,372 Pumping equipment 56,225 12,806 Light vehicles 12,160 5,729 Contract drilling equipment 783 999 Well service units and equipment 262 — Construction equipment 378 28 109,905 48,934 Less accumulated amortization (18,445 ) — $ 91,460 $ 48,934

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (in thousands): Successor December 31, December 31, 2017 2016 Credit Facilities: Term Loan $ 162,525 $ 164,175 Credit Facility 64,000 — Capital leases and other notes 100,615 78,046 Unamortized discount and deferred debt costs (11,901 ) (19,001 ) 315,239 223,220 Less current portion 55,997 38,468 Long-term debt $ 259,242 $ 184,752
Schedule of Unamortized Debt Discounts	The following discounts on debt represent the unamortized discount to fair value of our Amended and Restated Term Loan Credit Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): December 31, 2017 December 31, 2016 Unamortized discount on Term Loan $ 9,187 $ 11,401 Unamortized discount on Capital Leases - short-term 1,657 1,600 Unamortized discount on Capital Leases - long-term 891 6,000 Unamortized term loan issuance costs 166 — $ 11,901 $ 19,001
Debt Maturities Including Capital Leases	As of December 31, 2017 the aggregate maturities of debt, including capital leases, for the next five years and thereafter are as follows (in thousands): Debt Capital Leases 2018 1,650 56,004 2019 1,650 24,163 2020 1,650 14,275 2021 221,575 5,974 Thereafter — 199 $ 226,525 $ 100,615
Schedule of Interest Expense	Basic’s interest expense consisted of the following (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Cash payments for interest $ 25,616 $ 49,621 $ 61,587 Commitment and other fees paid 442 2,898 2,484 Amortization of discount on term loan and capital leases, and debt issuance costs 7,527 9,295 3,362 Change in accrued interest 4,440 34,719 563 Capitalized interest (660 ) — (139 ) Other 107 92 107 Total interest expense $ 37,472 $ 96,625 $ 67,964

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments Under Non-Cancelable Operating Leases	As of December 31, 2017, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands): Year ended December 31, 2017 2018 4,969 2019 4,050 2020 3,345 2021 2,990 2022 1,762 Thereafter 135 Total $ 17,251

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The accrued expenses are as follows (in thousands): Successor December 31, 2017 December 31, 2016 Compensation related $ 20,479 $ 18,744 Workers' compensation self-insured risk reserve 6,528 6,956 Health self-insured risk reserve 3,976 3,753 Accrual for receipts 2,391 4,178 Ad valorem taxes 2,081 2,626 Sales tax 1,873 1,652 Insurance obligations 5,695 9,576 Professional fee accrual 1,581 946 Fuel accrual 989 958 Accrued interest 6,380 1,940 $ 51,973 $ 51,329

Incentive Plan (Tables)

Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table reflects the summary of stock options outstanding at December 31, 2017: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value Granted Price Term (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 323,770 $ 36.55 Options granted 333,484 41.80 Options forfeited (2,158 ) $ 36.55 Options exercised — $ — Options expired (1,080 ) $ 36.55 Outstanding, end of period 654,016 $ 39.23 9.07 — Exercisable, end of period 109,019 $ 36.55 8.98 — Vested or expected to vest, end of period 544,997 $ 39.76 9.09 —
Summary of Non-Vested Shares	A summary of the status of Basic’s non-vested RSU grants at December 31, 2017 and changes during the year ended December 31, 2017 is presented in the following table: Weighted Average Number of Grant Date Fair Units Value Per Unit Nonvested at beginning of period 539,606 $ 36.55 Granted during period 860,402 41.37 Vested during period (300,300 ) 35.93 Forfeited during period (2,698 ) 36.55 Nonvested at end of period 1,097,010 $ 40.50

Net Earnings (Loss) Per Share (

Net Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss Per Share	The following table sets forth the computation of basic and diluted loss per share (in thousands, except share data): Successor Predecessor Years ended December 31, 2017 2016 2015 Numerator (both basic and diluted): Net loss available to common stockholders $ (96,674 ) $ (123,373 ) $ (241,745 ) Denominator: Denominator for basic earnings per share 26,005,870 41,998,669 40,505,429 Denominator for diluted earnings per share 26,005,870 41,998,669 40,505,429 Basic loss per common share: $ (3.72 ) $ (2.94 ) $ (5.97 ) Diluted loss per common share: $ (3.72 ) $ (2.94 ) $ (5.97 )
Potentially Dilutive Instruments	The following shows potentially dilutive instruments: Successor Predecessor Years ended December 31, 2017 2016 2015 Stock options 654,016 — 26,527 Warrants 2,066,624 — — Unvested restricted stock units 16,114 211,363 643,351 2,736,754 211,363 669,878

Supplemental Schedule of Cash35

Supplemental Schedule of Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Non-cash Activity	The following table reflects non-cash activity: Successor Predecessor Predecessor Year ended December 31, 2017 2016 2015 (In thousands) Capital leases issued for equipment $ 67,510 $ 5,652 $ 24,768 Change in accrued property and equipment 7,011 — —

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Reportable Segments Financial Information	The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion and Remedial Well Water Contract Corporate Services Servicing Logistics Drilling and Other Total Successor Year ended December 31, 2017 Operating revenues $ 433,450 $ 210,811 $ 208,784 $ 10,996 $ — $ 864,041 Direct operating costs (318,191 ) (169,905 ) (168,621 ) (9,733 ) — (666,450 ) Segment profits $ 115,259 $ 40,906 $ 40,163 $ 1,263 $ — $ 197,591 Depreciation and amortization $ 52,648 $ 20,911 $ 29,210 $ 1,654 $ 7,786 $ 112,209 Capital expenditures $ 77,514 $ 25,077 $ 32,565 $ 159 $ 2,572 $ 137,887 Successor identifiable assets $ 258,711 $ 109,138 $ 129,601 $ 7,205 $ 315,825 $ 820,480 Predecessor Year ended December 31, 2016 Operating revenues $ 184,567 $ 163,966 $ 191,725 $ 7,239 $ — $ 547,497 Direct operating costs (158,762 ) (140,274 ) (161,535 ) (7,079 ) — (467,650 ) Segment profits $ 25,805 $ 23,692 $ 30,190 $ 160 $ — $ 79,847 Depreciation and amortization $ 87,736 $ 48,703 $ 57,119 $ 6,304 $ 18,343 $ 218,205 Capital expenditures $ 8,315 $ 8,727 $ 17,324 $ 276 $ 3,698 $ 38,340 Predecessor identifiable assets $ 215,034 $ 125,474 $ 128,725 $ 14,121 $ 284,806 $ 768,160 Predecessor Year ended December 31, 2015 Operating revenues $ 307,550 $ 217,245 $ 258,597 $ 22,207 $ — $ 805,599 Direct operating costs (245,069 ) (184,952 ) (196,155 ) (16,680 ) — (642,856 ) Segment profits $ 62,481 $ 32,293 $ 62,442 $ 5,527 $ — $ 162,743 Depreciation and amortization $ 83,882 $ 60,466 $ 71,280 $ 14,083 $ 11,760 $ 241,471 Capital expenditures, (excluding acquisitions) $ 22,384 $ 18,732 $ 19,950 $ 2,431 $ 6,323 $ 69,820 Predecessor identifiable assets $ 365,574 $ 233,293 $ 257,036 $ 51,930 $ 230,348 $ 1,138,181
Reconciliation of Segment Profits to Operating Income	The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands): Successor Predecessor Predecessor Year ended December 31, 2017 2016 2015 Segment profits $ 197,591 $ 79,847 $ 162,743 General and administrative expenses (146,458 ) (135,331 ) (143,458 ) Depreciation and amortization (112,209 ) (218,205 ) (241,471 ) Loss on disposal of assets (274 ) (1,014 ) (1,602 ) Restructuring costs — (20,743 ) — Goodwill impairment — (646 ) (81,877 ) Operating loss $ (61,350 ) $ (296,092 ) $ (305,665 )

Quarterly Financial Data (Una37

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results	The following table summarizes results for each of the four quarters in the years ended December 31, 2016 and 2015 (in thousands, except earnings per share data): Successor First Second Third Fourth Quarter Quarter Quarter Quarter Year Year ended December 31, 2017: Total revenues $ 182,019 $ 213,296 $ 233,460 $ 235,266 $ 864,041 Segment profits $ 29,905 $ 46,858 $ 61,932 $ 58,896 $ 197,591 Net loss $ (38,626 ) $ (23,941 ) $ (13,845 ) $ (20,262 ) $ (96,674 ) Loss per share of common stock (a): Basic $ (1.49 ) $ (0.92 ) $ (0.53 ) $ (0.78 ) $ (3.72 ) Diluted $ (1.49 ) $ (0.92 ) $ (0.53 ) $ (0.78 ) $ (3.72 ) Weighted average common shares outstanding: Basic 25,999 26,011 26,001 26,049 26,006 Diluted 25,999 26,011 26,001 26,049 26,006 Year ended December 31, 2016: Predecessor Total revenues $ 130,356 $ 120,004 $ 141,610 $ 155,527 $ 547,497 Segment profits $ 18,370 $ 15,310 $ 25,339 $ 20,828 $ 79,847 Net income (loss) (i) $ (83,339 ) $ (89,883 ) $ (92,097 ) $ 141,946 $ (123,373 ) Income (Loss) per share of common stock (a): Basic $ (2.00 ) $ (2.11 ) $ (2.16 ) $ 3.32 $ (2.94 ) Diluted $ (2.00 ) $ (2.11 ) $ (2.16 ) $ 3.32 $ (2.94 ) Weighted average common shares outstanding: Basic 41,609 42,602 42,690 42,691 41,999 Diluted 41,609 42,602 42,690 42,691 41,999 (a) The sum of individual quarterly net income per share may not agree to the total for the year due to each period's computation being based on the weighted average number of common shares outstanding during each period. (i) The third and fourth quarter 2016 loss included reorganization costs of $10.5 and $10.2 million respectively. The third quarter of 2016 loss included goodwill impairment of $0.6 million.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Current: Federal $ (1,740 ) $ — $ (151 ) State (16 ) 521 (9 ) Total (1,756 ) 521 (160 ) Deferred: Federal 74 (4,486 ) (127,482 ) State 4 82 (3,688 ) Total 78 (4,404 ) (131,170 ) Total income tax expense (benefit) $ (1,678 ) $ (3,883 ) $ (131,330 )
Reconciliation Between Federal Statutory Rate and Income (Benefit) Expense	Reconciliation between the amount determined by applying the federal statutory rate of 35% to loss before income taxes to income (benefit) expense is as follows (in thousands): Successor Predecessor Years ended December 31, 2017 2016 2015 Statutory federal income tax $ (34,423 ) $ (44,540 ) $ (130,576 ) Meals and entertainment 706 522 684 State taxes, net of federal benefit (1,662 ) (6,778 ) (3,698 ) Valuation allowance (54,418 ) 188,970 — — Remeasurement of Federal Deferred Taxes 87,227 — — Cancellation of debt income — (178,017 ) — — Bankruptcy transaction costs — 9,783 — — Tax basis adjustments (862 ) 17,981 — — Goodwill impairment — — 2,833 Changes in estimates and other 1,754 8,196 (573 ) $ (1,678 ) $ (3,883 ) $ (131,330 )
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands): Successor Predecessor December 31, 2017 December 31, 2016 Deferred tax assets: Operating loss carryforward $ 151,468 $ 208,973 Goodwill and intangibles 26,717 49,380 Accrued liabilities 9,418 12,351 Deferred debt costs 2,432 5,158 Deferred compensation 2,902 79 Receivables allowance 348 680 Asset retirement obligation 573 859 Inventory 105 167 Valuation Allowances (146,330 ) (189,185 ) Total deferred tax assets $ 47,633 $ 88,462 Deferred tax liabilities: Property and equipment (46,881 ) (88,450 ) Prepaid expenses (830 ) (12 ) Total deferred tax liabilities $ (47,711 ) $ (88,462 ) Net deferred tax liability $ (78 ) $ — Recognized as: Deferred tax liabilities - non-current (78 ) — Net deferred tax liabilities $ (78 ) $ —

Emergence from Chapter 11 and39

Emergence from Chapter 11 and Fresh Start Accounting (Tables)	12 Months Ended
	Dec. 31, 2017
Reorganizations [Abstract]
Reconciliation of the Enterprise Value to the Estimated Fair Value of Successor Common Stock	The following table reconciles the enterprise value to the estimated fair value of Successor common stock par value $0.01 per share (“Successor Common Stock”), as of the Effective Date (in thousands, except share and per share value): Enterprise value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Non-operating assets 11,324 Fair value of invested capital 637,628 Less: Fair value of Term Loan (152,838 ) Less: Fair value of Capital Leases (70,382 ) Stockholders' equity at December 31, 2016 $ 414,408 Shares outstanding at December 31, 2016 25,998,844 Per share value $ 15.94
Fair Value Assumptions	The fair value of the Warrants was estimated using a Black-Scholes pricing model with the following assumptions: Stock price $14.66 Strike price $55.25 Expected volatility 55.7 % Expected dividend rate — Risk free interest rate 2.35 % Expiration date December 23, 2023
Reconciliation of Enterprise Value to Estimated Reorganization Value	The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date (in thousands): Enterprise Value $ 525,000 Plus: Cash and cash equivalents and restricted cash 101,304 Plus: Other non-operating assets 11,324 Fair Value of Invested Capital 637,628 Plus: Current liabilities, excluding current portion of long-term debt 101,353 Plus: Non-current liabilities 29,179 Reorganization Value of Successor Assets $ 768,160
Schedule of Reorganization and Fresh-Start Adjustments	The adjustments set forth in the following consolidated balance sheet reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as estimated fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine estimated fair values or other amounts of assets and liabilities, as well as significant assumptions. As of December 31, 2016 Predecessor Company Reorganization Adjustments Fresh Start Adjustments Successor Company (in thousands, except share amounts) ASSETS Current assets: Cash and cash equivalents $ 27,308 $ 71,567 A $ — $ 98,875 Restricted cash 8,391 (5,962 ) B — 2,429 Trade accounts receivable 108,655 — — 108,655 Accounts receivable - related parties 31 — — 31 Income tax receivable 1,271 — — 1,271 Inventories 35,691 — — 35,691 Prepaid expenses 15,575 — — 15,575 Other current assets 8,506 — (6,503 ) M 2,003 Total current assets 205,428 65,605 (6,503 ) 264,530 Property and equipment, net 667,239 — (178,391 ) N 488,848 Deferred debt costs, net of amortization 1,249 66 C (1,315 ) O — Other intangible assets, net of amortization 57,227 — (53,769 ) P 3,458 Other assets 11,324 — — 11,324 Total assets $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities not subject to compromise: Accounts payable $ 47,932 $ 27 D $ — $ 47,959 Accrued expenses 65,056 (13,879 ) E 152 51,329 Current portion of long-term debt 76,865 (36,740 ) F (1,657 ) Q 38,468 Other current liabilities 2,065 — — 2,065 Total current liabilities 191,918 (50,592 ) (1,505 ) 139,821 Long-term liabilities not subject to compromise: Long-term debt 39,570 162,525 G (17,343 ) R 184,752 Deferred tax liabilities 663 — (663 ) S — Other long-term liabilities 29,179 — — 29,179 Total liabilities not subject to compromise 261,330 111,933 (19,511 ) 353,752 Liabilities subject to compromise 979,437 (979,437 ) H — — Total liabilities 1,240,767 (867,504 ) (19,511 ) 353,752 Stockholders' equity: Predecessor common stock, $0.01 par value: 435 (435 ) I — — Predecessor paid-in capital 387,269 — (387,269 ) J — Predecessor treasury stock (7,519 ) 7,519 L — — Successor preferred stock, $0.01 par value: — — — — Successor common stock; $0.01 par value; — 261 I — 261 Successor additional paid-in capital — 410,540 J 7,084 J 417,624 Retained deficit (678,485 ) 518,767 K 159,718 T — Successor treasury stock — (3,477 ) L — (3,477 ) Total stockholders' equity $ (298,300 ) $ 933,175 $ (220,467 ) $ 414,408 Total liabilities and stockholder's equity $ 942,467 $ 65,671 $ (239,978 ) $ 768,160 Reorganization Adjustments A. Reflects the cash receipts (payments) from implementation of the Prepackaged Plan (in thousands): Record receipt of $125 million under the Rights Offering for New Convertible Notes deemed to have been converted to Successor Common Stock $ 125,000 Capital Lease Fees & Expenses (62 ) Creditors' professional fees transferred to Fee Escrow Account (6,630 ) Debtors' professional fees transferred to Fee Escrow Account (9,526 ) Fees for establishing the Fee Escrow Account (5 ) Payment of ABL Facility Claims on account of fees, charges, or other amounts payable under the ABL Credit Agreement. (66 ) Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. (618 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (41 ) Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Payment of Debtor in Possession Facility Claims, Fees and Accrued Interest (40,296 ) Payment of Fees and Expenses under Debtor in Possession Facility Order (452 ) Payments to 2019 & 2022 Notes Indenture Trustees (89 ) Release of restricted cash to unrestricted cash 5,962 Net Cash Receipts $ 71,567 B. Reflects the release of restricted cash to unrestricted cash. C. Reflects the fees to reinstate the Asset Based Loan under the Prepackaged Plan. D. Rights offering expense for filing with the SEC. E. Reflects payment (receipts) of expenses incurred as part of the reorganization and paid in accordance with the Prepackaged Plan upon emergence (in thousands). Debtors' professional fees transferred to Fee Escrow Account $ 9,526 Creditors' professional fees transferred to Fee Escrow Account 6,630 Payment of Debtor in Possession Facility Claims 1,907 Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. 618 Payment of Fees and Expenses under Debtor in Possession Facility Order 452 Payments to 2019 & 2022 Notes Indenture Trustees 89 Income tax withholding (3,477 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Net Payment of Accrued Expenses $ 13,879 F. Repayment of the Debtor in Possession Financing of $38.4 million partially offset by the reinstatement of short-term portion of the Term Loan debt of $1.6 million in accordance with the Prepackaged Plan G. Reinstatement of long-term debt in accordance with the Prepackaged Plan. H. Liabilities subject to compromise were settled as follows in accordance with the Prepackaged Plan (in thousands): Outstanding principal amount of Term Loan $ 164,175 Accrued interest on Term Loan 1,866 Outstanding Unsecured Notes 775,000 Accrued interest on Unsecured Notes 38,396 Balance of Liabilities Subject to Compromise 979,437 To reinstate the outstanding principal amount of Term Loan under the Amended and Restated Term Loan Facility. $ (164,175 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Record issuance of equity to holders of Unsecured Notes (273,103 ) Recoveries pursuant to the Prepackaged Plan (439,144 ) Net Gain on Debt Discharge $ 540,293 I. Cancellation of Predecessor equity to additional paid-in capital and distribution of 26,095,431 shares of Successor Common Stock at par value of $0.01 per share. Shares Issued Rights Offering 10,825,620 Stock to Predecessor shareholders 75,001 Management Incentive Plan (MIP) 269,810 Stock to Senior Note claimants 14,925,000 Total Successor Shares Issued 26,095,431 J. Record additional paid-in capital adjustments on elimination of Predecessor equity and issuance of shares of Successor Common Stock. K. Reflects the cumulative impact of the reorganization adjustments on retained deficits discussed above (in thousands): Net Gain on Debt discharge $ 540,293 Capital lease fees and expenses (62 ) Fees for establishing the fee escrow account (5 ) Issuance of warrants per terms of the Plan and the Warrant Agreement (8,358 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (42 ) Payment of closing fees and expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Record distribution of 0.5% of the 15 million shares of Successor Common Stock (subject to dilution) to holders of Existing Equity Interests. (1,372 ) Restricted stock amortization expense (216 ) Record issuance of shares for initially vested RSUs under MIP (9,861 ) Net retained earnings impact resulting from implementation of the Prepackaged Plan $ 518,767 L. Elimination of Predecessor Treasury Stock and withholding on shares issued under MIP. Fresh Start Adjustments M. Impairment of assets held for sale. N. Reflects a $178.4 million reduction in the net book value of property and equipment to estimated fair value. The following table summarizes the components of property and equipment, net of the Predecessor Company and Successor Company (in thousands): Successor Predecessor Land $ 21,010 $ 22,135 Buildings and improvements 39,588 74,263 Well service units and equipment 96,365 349,001 Fracturing/test tanks 75,506 354,398 Pumping equipment 85,247 345,991 Fluid services equipment 57,359 265,599 Disposal facilities 47,507 161,220 Contract drilling equipment 12,257 112,289 Rental equipment 32,582 96,724 Light vehicles 12,722 65,434 Software 641 21,914 Other 3,885 13,533 Construction equipment 1,485 15,223 Brine and fresh water stations 2,694 16,035 488,848 1,913,759 Less accumulated depreciation and amortization — 1,246,520 Total $ 488,848 $ 667,239 O. Elimination of deferred debt costs. P. Reflects a $53.8 million reduction of the net book value of intangible assets. Q. Discount to fair market value of current portion of capital leases of $1.7 million , and increase in the fair market value of operating leases of $0.2 million . R. Discount to fair market value of Term Loan of $11.4 million and long-term portion of capital leases of $6 million . S. Elimination of deferred tax liabilities. T. Reflects the cumulative impact of fresh start adjustments as discussed above (in thousands): Retained Deficit Adjustments Eliminate historical loss from Predecessor $ (678,485 ) Eliminate retained deficit due to Prepackaged Plan Effects upon emergence 518,767 Net retained deficit impact of fresh start accounting $ (159,718 )
Net Cash Receipts (Payments) from Implementation of the Plan	Reflects the cash receipts (payments) from implementation of the Prepackaged Plan (in thousands): Record receipt of $125 million under the Rights Offering for New Convertible Notes deemed to have been converted to Successor Common Stock $ 125,000 Capital Lease Fees & Expenses (62 ) Creditors' professional fees transferred to Fee Escrow Account (6,630 ) Debtors' professional fees transferred to Fee Escrow Account (9,526 ) Fees for establishing the Fee Escrow Account (5 ) Payment of ABL Facility Claims on account of fees, charges, or other amounts payable under the ABL Credit Agreement. (66 ) Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. (618 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (41 ) Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Payment of Debtor in Possession Facility Claims, Fees and Accrued Interest (40,296 ) Payment of Fees and Expenses under Debtor in Possession Facility Order (452 ) Payments to 2019 & 2022 Notes Indenture Trustees (89 ) Release of restricted cash to unrestricted cash 5,962 Net Cash Receipts $ 71,567
Expenses Incurred and Paid in Accordance With the Plan of Reorganization	Reflects payment (receipts) of expenses incurred as part of the reorganization and paid in accordance with the Prepackaged Plan upon emergence (in thousands). Debtors' professional fees transferred to Fee Escrow Account $ 9,526 Creditors' professional fees transferred to Fee Escrow Account 6,630 Payment of Debtor in Possession Facility Claims 1,907 Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement. 618 Payment of Fees and Expenses under Debtor in Possession Facility Order 452 Payments to 2019 & 2022 Notes Indenture Trustees 89 Income tax withholding (3,477 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Net Payment of Accrued Expenses $ 13,879
Liabilities Subject to Compromise	Liabilities subject to compromise were settled as follows in accordance with the Prepackaged Plan (in thousands): Outstanding principal amount of Term Loan $ 164,175 Accrued interest on Term Loan 1,866 Outstanding Unsecured Notes 775,000 Accrued interest on Unsecured Notes 38,396 Balance of Liabilities Subject to Compromise 979,437 To reinstate the outstanding principal amount of Term Loan under the Amended and Restated Term Loan Facility. $ (164,175 ) To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan. (1,866 ) Record issuance of equity to holders of Unsecured Notes (273,103 ) Recoveries pursuant to the Prepackaged Plan (439,144 ) Net Gain on Debt Discharge $ 540,293
Shares Issued As a Result of Reorganization	Shares Issued Rights Offering 10,825,620 Stock to Predecessor shareholders 75,001 Management Incentive Plan (MIP) 269,810 Stock to Senior Note claimants 14,925,000 Total Successor Shares Issued 26,095,431
Cumulative Impact of Reorganization Adjustments	Reflects the cumulative impact of the reorganization adjustments on retained deficits discussed above (in thousands): Net Gain on Debt discharge $ 540,293 Capital lease fees and expenses (62 ) Fees for establishing the fee escrow account (5 ) Issuance of warrants per terms of the Plan and the Warrant Agreement (8,358 ) Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement (42 ) Payment of closing fees and expenses for the Amended and Restated ABL Credit Agreement (1,610 ) Record distribution of 0.5% of the 15 million shares of Successor Common Stock (subject to dilution) to holders of Existing Equity Interests. (1,372 ) Restricted stock amortization expense (216 ) Record issuance of shares for initially vested RSUs under MIP (9,861 ) Net retained earnings impact resulting from implementation of the Prepackaged Plan $ 518,767
Summary of Components of Property and Equipment	The following table summarizes the components of property and equipment (in thousands): December 31, December 31, 2017 2016 Land $ 21,217 $ 21,010 Buildings and improvements 40,043 39,588 Well service units and equipment 113,657 96,365 Fracturing/test tanks 111,172 75,506 Pumping equipment 116,127 85,247 Fluid services equipment 79,711 57,359 Disposal facilities 51,363 47,507 Contract drilling equipment 10,967 12,257 Rental equipment 34,643 32,582 Light vehicles 19,869 12,722 Software 817 641 Other 4,092 3,885 Construction equipment 2,338 1,485 Brine and fresh water stations 2,704 2,694 608,720 488,848 Less accumulated depreciation and amortization (106,141 ) — Property and equipment, net $ 502,579 $ 488,848 The following table summarizes the components of property and equipment, net of the Predecessor Company and Successor Company (in thousands): Successor Predecessor Land $ 21,010 $ 22,135 Buildings and improvements 39,588 74,263 Well service units and equipment 96,365 349,001 Fracturing/test tanks 75,506 354,398 Pumping equipment 85,247 345,991 Fluid services equipment 57,359 265,599 Disposal facilities 47,507 161,220 Contract drilling equipment 12,257 112,289 Rental equipment 32,582 96,724 Light vehicles 12,722 65,434 Software 641 21,914 Other 3,885 13,533 Construction equipment 1,485 15,223 Brine and fresh water stations 2,694 16,035 488,848 1,913,759 Less accumulated depreciation and amortization — 1,246,520 Total $ 488,848 $ 667,239
Cumulative Impact of Fresh-Start Adjustments	Reflects the cumulative impact of fresh start adjustments as discussed above (in thousands): Retained Deficit Adjustments Eliminate historical loss from Predecessor $ (678,485 ) Eliminate retained deficit due to Prepackaged Plan Effects upon emergence 518,767 Net retained deficit impact of fresh start accounting $ (159,718 )

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Carrying Amount and Fair Value of Financial Instruments (Details) - Term Loan - Level 3 - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans payable	$ 153,338	$ 152,838
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans payable	$ 162,052	$ 152,838

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of the Assets (Details)	12 Months Ended
	Dec. 31, 2017
Buildings and improvements | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	20 years
Buildings and improvements | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	30 years
Well service units and equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Well service units and equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Fluid services equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	5 years
Fluid services equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Pumping equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	5 years
Pumping equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Construction equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Construction equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Contract drilling equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Contract drilling equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Disposal facilities | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Disposal facilities | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Vehicles | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Vehicles | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	7 years
Rental equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	2 years
Rental equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Software and computers
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Amortization of deferred financing costs	$ 194
Amortization expense of intangible assets	200	$ 8,500	$ 8,900
Operating lease obligation, noncurrent	$ 12,300
Trade names
Summary Of Significant Accounting Policies [Line Items]
Amortization period of intangible assets	15 years
Developed technology
Summary Of Significant Accounting Policies [Line Items]
Amortization period of intangible assets	5 years
Well service units and equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Well service units and equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	15 years
Term Loan
Summary Of Significant Accounting Policies [Line Items]
Amortization of deferred financing costs	$ 300	$ 6,000	$ 3,100

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Amortization Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets subject to amortization	$ 3,458	$ 3,458
Less accumulated amortization	237	0
Intangible assets subject to amortization, net	3,221	3,458
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets subject to amortization	3,410	3,410
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets subject to amortization	$ 48	$ 48

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortization Expense
2,018	$ 237
2,019	237
2,020	237
2,021	237
2,022	227
Thereafter	2,046
Intangible assets subject to amortization, net	$ 3,221	$ 3,458

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 608,720	$ 488,848
Less accumulated depreciation and amortization	(106,141)	0
Property and equipment, net	502,579	488,848
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	21,217	21,010
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	40,043	39,588
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	113,657	96,365
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	111,172	75,506
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	116,127	85,247
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	79,711	57,359
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	51,363	47,507
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	10,967	12,257
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	34,643	32,582
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	19,869	12,722
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	817	641
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,092	3,885
Construction equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	2,338	1,485
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 2,704	$ 2,694

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Lease obligation period	5 years
Amortization of assets held under capital leases	$ 20.4	$ 35.5	$ 41.9

Property and Equipment - Proper

Property and Equipment - Property and Equipment Under Capital Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 109,905	$ 48,934
Less accumulated amortization	(18,445)	0
Property, plant and equipment under capital lease, net	91,460	48,934
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	40,097	29,372
Pumping equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	56,225	12,806
Light vehicles
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	12,160	5,729
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	783	999
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	262	0
Construction equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 378	$ 28

Long-Term Debt - Schedule Of Lo

Long-Term Debt - Schedule Of Long-Term Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Capital leases and other notes	$ 100,615	$ 78,046
Unamortized discount and deferred debt costs	(11,901)	(19,001)
Long-term debt and capital leases	315,239	223,220
Less current portion	55,997	38,468
Long-term debt	259,242	184,752
Term Loan
Debt Instrument [Line Items]
Aggregate principal amount	162,525	164,175
Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount	$ 64,000	$ 0

Long-Term Debt Long-Term Debt -

Long-Term Debt Long-Term Debt - Schedule of Unamortized Debt Discounts (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Deferred debt costs	$ 166	$ 0
Discounts and deferred debt costs	11,901	19,001
Capital Leases - short-term
Debt Instrument [Line Items]
Unamortized discounts	1,657	1,600
Capital Leases - long-term
Debt Instrument [Line Items]
Unamortized discounts	891	6,000
Term Loan
Debt Instrument [Line Items]
Unamortized discounts	$ 9,187	$ 11,401

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Sep. 29, 2017	Dec. 23, 2016	Dec. 31, 2017	Oct. 27, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Accounts receivable			$ 148,444,000		$ 108,655,000
Long-term debt			259,242,000		184,752,000
Capital Leases and Other Notes Payable
Debt Instrument [Line Items]
Debt covenant, minimum unrestricted cash and cash equivalents balances			$ 25,000,000
Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000			$ 120,000,000
Option for additional borrowing capacity on line of credit	$ 50,000,000
Closing payment fee rate	0.375%
Effective interest rate			4.63%
Letters of credit outstanding			$ 45,200,000
Aggregate principal amount			64,000,000		0
Available borrowing capacity			11,500,000
Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	3.25%
Revolving Credit Facility | Second A&R Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 75,000,000
Revolving Credit Facility | Second A&R Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Revolving Credit Facility | Second A&R Credit Agreement | Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Revolving Credit Facility | Second A&R Credit Agreement | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Revolving Credit Facility | Second A&R Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		2.50%
Revolving Credit Facility | Second A&R Credit Agreement | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		3.50%
Revolving Credit Facility | Second A&R Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		4.50%
Letter of Credit | Second A&R Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 65,000,000
Swing Line Loan | Second A&R Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 10,000,000
Term Loan
Debt Instrument [Line Items]
Aggregate principal amount			162,525,000		$ 164,175,000
Term Loan | Amended and Restated Term Loan Agreement
Debt Instrument [Line Items]
Closing payment fee rate		7.00%
Outstanding borrowings		$ 164,200,000
Stated interest rate		13.50%
Variable Interest Entity
Debt Instrument [Line Items]
Accounts receivable			148,400,000
Long-term debt			$ 64,000,000

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt Maturities Including Capital Leases (Details) $ in Thousands	Dec. 31, 2017USD ($)
Long-term debt
2,018	$ 1,650
2,019	1,650
2,020	1,650
2,021	221,575
Thereafter	0
Debt	226,525
Capital Leases
2,018	56,004
2,019	24,163
2,020	14,275
2,021	5,974
Thereafter	199
Capital leases	$ 100,615

Long-Term Debt - Schedule Of In

Long-Term Debt - Schedule Of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Cash payments for interest	$ 25,616
Commitment and other fees paid	442
Amortization of discount on term loan and capital leases, and debt issuance costs	7,527
Change in accrued interest	4,440
Capitalized interest	(660)
Other	107
Total interest expense	$ 37,472
Predecessor
Debt Instrument [Line Items]
Cash payments for interest		$ 49,621	$ 61,587
Commitment and other fees paid		2,898	2,484
Amortization of discount on term loan and capital leases, and debt issuance costs		9,295	3,362
Change in accrued interest		34,719	563
Capitalized interest		0	(139)
Other		92	107
Total interest expense		$ 96,625	$ 67,964

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Loss Contingencies [Line Items]
Rent expense	$ 16,800,000	$ 11,700,000	$ 13,900,000
Salary and incentive program severance multiplier	3
Self insurance deductible for workers compensation, per occurrence	$ 5,000,000
Self insurance deductible for general liability claims, per occurrence	1,000,000
Self insurance deductible for medical and dental coverage, per occurrence	400,000
Self insurance deductible for automobile liabilities, per occurrence	1,000,000
Workers' compensation self-insured risk reserve, short-term	15,900,000	14,800,000
Workers' compensation self-insured risk reserve, long-term		15,600,000
Self insured risk accruals	30,300,000	35,000,000
Receivable for medical and dental coverage	1,500,000	$ 19,000
Chief Executive Officer
Loss Contingencies [Line Items]
Annual salary	$ 665,000
Minimum
Loss Contingencies [Line Items]
Severance payment multiplier	0.75
Severance payment for the chance of control multiplier	1.5
Maximum
Loss Contingencies [Line Items]
Severance payment multiplier	1
Severance payment for the chance of control multiplier	2
Non-Cancelable Property and Equipment | Minimum
Loss Contingencies [Line Items]
Term of operating leases	12 months
Non-Cancelable Property and Equipment | Maximum
Loss Contingencies [Line Items]
Term of operating leases	60 months
Well Service Units and Equipment | Maximum
Loss Contingencies [Line Items]
Term of operating leases	99 years

Commitments and Contingencies54

Commitments and Contingencies - Schedule of Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Operating leases
2,018	$ 4,969
2,019	4,050
2,020	3,345
2,021	2,990
2,022	1,762
Thereafter	135
Total	$ 17,251

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Compensation related	$ 20,479	$ 18,744
Workers' compensation self-insured risk reserve	6,528	6,956
Health self-insured risk reserve	3,976	3,753
Accrual for receipts	2,391	4,178
Ad valorem taxes	2,081	2,626
Sales tax	1,873	1,652
Insurance obligations	5,695	9,576
Professional fee accrual	1,581	946
Fuel accrual	989	958
Accrued interest	6,380	1,940
Accrued expenses	$ 51,973	$ 51,329

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Dec. 23, 2016	Aug. 31, 2017	May 31, 2017	Feb. 28, 2017	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common stock, authorized (in shares)					80,000,000	80,000,000
Common stock, par value (in dollars per share)					$ 0.01	$ 0.01
Common stock, issued (in shares)					26,371,572	26,095,431
Common stock, outstanding (in shares)					26,219,129	25,998,844
Shares granted (in shares)					860,402
Shares repurchased (in shares)					152,443	96,587
Preferred stock, authorized (in shares)					5,000,000	5,000,000
Preferred stock, par value (in dollars per share)					$ 0.01	$ 0.01
Preferred stock, issued (in shares)					0
Preferred stock, outstanding (in shares)					0	0
Performance Based RSUs
Class of Stock [Line Items]
Shares granted (in shares)				801,322
Vesting period				3 years
Performance Shares
Class of Stock [Line Items]
Non options granted (in shares)		6,476		320,532
Vesting period				3 years
Stock options
Class of Stock [Line Items]
Non options granted (in shares)		6,476
Vesting period					3 years
Restricted Stock Units
Class of Stock [Line Items]
Shares granted (in shares)	809,416	16,190	26,700
Restricted Stock Units | Share-based Compensation Award, Tranche One
Class of Stock [Line Items]
Awards vesting percentage	33.33%
Restricted Stock Units | Share-based Compensation Award, Tranche Two
Class of Stock [Line Items]
Awards vesting percentage	66.67%
Vesting period	2 years

Incentive Plan - Narrative (Det

Incentive Plan - Narrative (Details) - USD ($)	Dec. 23, 2016	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	3,237,671
Number of shares available for grant (in shares)		1,326,156
Compensation expense related to share-based arrangements		$ 23,000,000	$ 10,100,000
Tax benefit from compensation expense		0	0
Unrecognized compensation cost		$ 39,700,000
Unrecognized compensation cost, period for recognition		1 year 10 months 21 days
Total fair value of share-based awards vested		$ 7,300,000	9,700,000
Excess tax expense benefit due to carryforward Loss		$ 0	$ 0
Number of shares exercisable by warrants (in shares)	2,066,627
Warrants outstanding (in shares)	2,066,627
Exercise price (in dollars per share)	$ 55.25
Warrants, fair value	$ 8,400,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period option is available to be exercised		10 years
Vesting period		3 years

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Number of Options Granted
Outstanding, beginning of period (in shares) | shares	323,770
Options granted (in shares) | shares	333,484
Options forfeited (in shares) | shares	(2,158)
Options exercised (in shares) | shares	0
Options expired (in shares) | shares	(1,080)
Outstanding, end of period (in shares) | shares	654,016
Exercisable, end of period (in shares) | shares	109,019
Vested or expected to vest, end of period (in shares) | shares	544,997
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 36.55
Options granted (in dollars per share) | $ / shares	41.80
Options forfeited (in dollars per share) | $ / shares	36.55
Options exercised (in dollars per share) | $ / shares	0
Options expired (in dollars per share) | $ / shares	36.55
Outstanding, end of period (in dollars per share) | $ / shares	39.23
Exercisable, end of period (in dollars per share) | $ / shares	36.55
Vested or expected to vest, end of period (in dollars per share) | $ / shares	$ 39.76
Weighted Average Remaining Contractual Term (Years)
Outstanding, end of period	9 years 26 days
Exercisable, end of period	8 years 11 months 23 days
Vested or expected to vest, end of period	9 years 1 month 2 days
Aggregate Intrinsic Value
Outstanding, end of period | $	$ 0
Exercisable, end of period | $	0
Vested or expected to vest, end of period | $	$ 0

Incentive Plan - Summary of Non

Incentive Plan - Summary of Non-Vested Shares (Details)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Number of Shares
Nonvested at beginning of period (in shares) | shares	539,606
Granted during period (in shares) | shares	860,402
Vested during period (in shares) | shares	(300,300)
Forfeited during period (in shares) | shares	(2,698)
Nonvested at end of period (in shares) | shares	1,097,010
Weighted Average Grant Date, Fair Value Per Share
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 36.55
Granted during period (in dollars per share) | $ / shares	41.37
Vested during period (in dollars per share) | $ / shares	35.93
Forfeited during period (in dollars per share) | $ / shares	36.55
Nonvested at end of period (in dollars per share) | $ / shares	$ 40.50

Deferred Compensation Plan - Na

Deferred Compensation Plan - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2005	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Maximum salary deferral percentage	50.00%
Maximum cash bonus deferral percentage	100.00%
Maximum matching contributions per year	$ 10,000
Employer matching contributions and earnings, vesting schedule	5 years
Employer contributions to deferred compensation plan		$ 1,100,000	$ 500,000	$ 200,000
First 3% Of The Participant's Deferred Pay
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Matching contributions	100.00%
Matching contribution of gross pay	3.00%
Next 2% Of The Participant's Deferred Pay
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Matching contributions	50.00%
Matching contribution of deferred pay	2.00%

Employee 401 (k) Plan - Narrati

Employee 401 (k) Plan - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2005	Dec. 31, 2017	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Employer matching contributions, vesting schedule	5 years
Employer 401(k) contributions			$ 0.4
Profit Sharing Plan
Defined Benefit Plan Disclosure [Line Items]
Employer matching contributions, vesting schedule		5 years

Net Earnings (Loss) Per Share -

Net Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator (both basic and diluted):
Net loss available to common stockholders									$ (96,674)
Denominator:
Denominator for basic earnings per share (in shares)	26,049,000	26,001,000	26,011,000	25,999,000					26,005,870
Denominator for diluted earnings per share (in shares)	26,049,000	26,001,000	26,011,000	25,999,000					26,005,870		40,505,429
Basic loss per common share (in dollars per share)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)					$ (3.72)
Diluted loss per common share (in dollars per share)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)					$ (3.72)
Predecessor
Numerator (both basic and diluted):
Net loss available to common stockholders										$ (123,373)	$ (241,745)
Denominator:
Denominator for basic earnings per share (in shares)					42,691,000	42,690,000	42,602,000	41,609,000		41,998,669	40,505,429
Denominator for diluted earnings per share (in shares)					42,691,000	42,690,000	42,602,000	41,609,000		41,998,669
Basic loss per common share (in dollars per share)					$ 3.32	$ (2.16)	$ (2.11)	$ (2)		$ (2.94)	$ (5.97)
Diluted loss per common share (in dollars per share)					$ 3.32	$ (2.16)	$ (2.11)	$ (2)		$ (2.94)	$ (5.97)

Net Earnings (Loss) Per Share63

Net Earnings (Loss) Per Share - Schedule of Antidilutive Shares (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	2,736,754
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	654,016
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	2,066,624
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	16,114
Predecessor
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)		211,363	669,878
Predecessor | Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)		0	26,527
Predecessor | Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)		0	0
Predecessor | Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)		211,363	643,351

Supplemental Schedule of Cash64

Supplemental Schedule of Cash Flow Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Supplemental Cash Flow Information [Line Items]
Capital leases issued for equipment	$ 67,510
Change in accrued property and equipment	$ 7,011
Predecessor
Supplemental Cash Flow Information [Line Items]
Capital leases issued for equipment		$ 5,652	$ 24,768
Change in accrued property and equipment		$ 0	$ 0

Supplemental Schedule of Cash65

Supplemental Schedule of Cash Flow Information - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Income taxes paid	$ 0	$ 0
Income tax refund	$ 1,100,000		$ 500,000

Business Segment Information -

Business Segment Information - Schedule of Reportable Segments Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Operating revenues	$ 235,266	$ 233,460	$ 213,296	$ 182,019					$ 864,041
Direct operating costs									(666,450)
Segment profits	58,896	$ 61,932	$ 46,858	$ 29,905					197,591
Depreciation and amortization									112,209
Capital expenditures									137,887
Identifiable assets	820,480				$ 768,160				820,480	$ 768,160
Predecessor
Segment Reporting Information [Line Items]
Operating revenues					155,527	$ 141,610	$ 120,004	$ 130,356		547,497	$ 805,599
Direct operating costs										(467,650)	(642,856)
Segment profits					20,828	$ 25,339	$ 15,310	$ 18,370		79,847	162,743
Depreciation and amortization										218,205	241,471
Capital expenditures										38,340	69,820
Identifiable assets					768,160					768,160	1,138,181
Completion and remedial services
Segment Reporting Information [Line Items]
Operating revenues									433,450
Direct operating costs									(318,191)
Completion and remedial services | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										184,567	307,550
Direct operating costs										(158,762)	(245,069)
Well servicing
Segment Reporting Information [Line Items]
Operating revenues									210,811
Direct operating costs									(169,905)
Well servicing | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										163,966	217,245
Direct operating costs										(140,274)	(184,952)
Water logistics
Segment Reporting Information [Line Items]
Operating revenues									208,784
Direct operating costs									(168,621)
Water logistics | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										191,725	258,597
Direct operating costs										(161,535)	(196,155)
Operating Segments | Completion and remedial services
Segment Reporting Information [Line Items]
Operating revenues									433,450
Direct operating costs									(318,191)
Segment profits									115,259
Depreciation and amortization									52,648
Capital expenditures									77,514
Identifiable assets	258,711								258,711
Operating Segments | Completion and remedial services | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										184,567	307,550
Direct operating costs										(158,762)	(245,069)
Segment profits										25,805	62,481
Depreciation and amortization										87,736	83,882
Capital expenditures										8,315	22,384
Identifiable assets					215,034					215,034	365,574
Operating Segments | Well servicing
Segment Reporting Information [Line Items]
Operating revenues									210,811
Direct operating costs									(169,905)
Segment profits									40,906
Depreciation and amortization									20,911
Capital expenditures									25,077
Identifiable assets	109,138								109,138
Operating Segments | Well servicing | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										163,966	217,245
Direct operating costs										(140,274)	(184,952)
Segment profits										23,692	32,293
Depreciation and amortization										48,703	60,466
Capital expenditures										8,727	18,732
Identifiable assets					125,474					125,474	233,293
Operating Segments | Water logistics
Segment Reporting Information [Line Items]
Operating revenues									208,784
Direct operating costs									(168,621)
Segment profits									40,163
Depreciation and amortization									29,210
Capital expenditures									32,565
Identifiable assets	129,601								129,601
Operating Segments | Water logistics | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										191,725	258,597
Direct operating costs										(161,535)	(196,155)
Segment profits										30,190	62,442
Depreciation and amortization										57,119	71,280
Capital expenditures										17,324	19,950
Identifiable assets					128,725					128,725	257,036
Operating Segments | Contract drilling equipment
Segment Reporting Information [Line Items]
Operating revenues									10,996
Direct operating costs									(9,733)
Segment profits									1,263
Depreciation and amortization									1,654
Capital expenditures									159
Identifiable assets	7,205								7,205
Operating Segments | Contract drilling equipment | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										7,239	22,207
Direct operating costs										(7,079)	(16,680)
Segment profits										160	5,527
Depreciation and amortization										6,304	14,083
Capital expenditures										276	2,431
Identifiable assets					14,121					14,121	51,930
Corporate And Other
Segment Reporting Information [Line Items]
Operating revenues									0
Direct operating costs									0
Segment profits									0
Depreciation and amortization									7,786
Capital expenditures									2,572
Identifiable assets	$ 315,825								$ 315,825
Corporate And Other | Predecessor
Segment Reporting Information [Line Items]
Operating revenues										0	0
Direct operating costs										0	0
Segment profits										0	0
Depreciation and amortization										18,343	11,760
Capital expenditures										3,698	6,323
Identifiable assets					$ 284,806					$ 284,806	$ 230,348

Business Segment Information 67

Business Segment Information - Schedule of Reconciliation of Operating Profit (Loss) from Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Segment profits	$ 58,896	$ 61,932	$ 46,858	$ 29,905					$ 197,591
General and administrative expenses									(146,458)
Depreciation and amortization									(112,209)
Loss on disposal of assets									(274)
Restructuring costs									0
Goodwill impairment									0
Operating loss									$ (61,350)
Predecessor
Segment Reporting Information [Line Items]
Segment profits					$ 20,828	$ 25,339	$ 15,310	$ 18,370		$ 79,847	$ 162,743
General and administrative expenses										(135,331)	(143,458)
Depreciation and amortization										(218,205)	(241,471)
Loss on disposal of assets										(1,014)	(1,602)
Restructuring costs										(20,743)	0
Goodwill impairment						$ (600)				(646)	(81,877)
Operating loss										$ (296,092)	$ (305,665)

Quarterly Financial Data (Una68

Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information [Line Items]
Total revenues	$ 235,266	$ 233,460	$ 213,296	$ 182,019					$ 864,041
Segment profits	58,896	61,932	46,858	29,905					197,591
Net loss	$ (20,262)	$ (13,845)	$ (23,941)	$ (38,626)					$ (96,674)
Loss per share of common stock:
Basic (in dollars per share)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)					$ (3.72)
Diluted (in dollars per share)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)					$ (3.72)
Weighted average common shares outstanding:
Basic (in shares)	26,049,000	26,001,000	26,011,000	25,999,000					26,005,870
Diluted (in shares)	26,049,000	26,001,000	26,011,000	25,999,000					26,005,870		40,505,429
Reorganization costs									$ 0
Goodwill impairment									$ 0
Predecessor
Quarterly Financial Information [Line Items]
Total revenues					$ 155,527	$ 141,610	$ 120,004	$ 130,356		$ 547,497	$ 805,599
Segment profits					20,828	25,339	15,310	18,370		79,847	162,743
Net loss					$ 141,946	$ (92,097)	$ (89,883)	$ (83,339)		$ (123,373)	$ (241,745)
Loss per share of common stock:
Basic (in dollars per share)					$ 3.32	$ (2.16)	$ (2.11)	$ (2)		$ (2.94)	$ (5.97)
Diluted (in dollars per share)					$ 3.32	$ (2.16)	$ (2.11)	$ (2)		$ (2.94)	$ (5.97)
Weighted average common shares outstanding:
Basic (in shares)					42,691,000	42,690,000	42,602,000	41,609,000		41,998,669	40,505,429
Diluted (in shares)					42,691,000	42,690,000	42,602,000	41,609,000		41,998,669
Reorganization costs					$ 10,200	$ 10,500				$ (264,306)	$ 0
Goodwill impairment						$ 600				$ 646	$ 81,877

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ (1,740)
State	(16)
Total	(1,756)
Deferred:
Federal	74
State	4
Total	78
Total income tax expense (benefit)	$ (1,678)
Predecessor
Current:
Federal		$ 0	$ (151)
State		521	(9)
Total		521	(160)
Deferred:
Federal		(4,486)	(127,482)
State		82	(3,688)
Total		(4,404)	(131,170)
Total income tax expense (benefit)		$ (3,883)	$ (131,330)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Income tax refund	$ 1,100,000		$ 500,000
Federal statutory rate	35.00%	35.00%	35.00%
Net operating losses, reduction for cancellation of indebtedness income realized	$ 31,700,000
Valuation allowance	146,330,000
Interest or penalties related to an uncertain tax position	0
Federal
Income Taxes [Line Items]
Income taxes paid	0	$ 0	$ 0
Operating loss carryforwards	664,800,000
State
Income Taxes [Line Items]
Operating loss carryforwards, valuation allowance		$ 189,200,000
Operating loss carryforwards	$ 246,800,000

Income Taxes - Reconciliation B

Income Taxes - Reconciliation Between Federal Statutory Rate and Income (Benefit) Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Statutory federal income tax	$ (34,423)
Meals and entertainment	706
State taxes, net of federal benefit	(1,662)
Valuation allowance	(54,418)
Remeasurement of Federal Deferred Taxes	87,227
Cancellation of debt income	0
Bankruptcy transaction costs	0
Tax basis adjustments	(862)
Goodwill impairment	0
Changes in estimates and other	1,754
Total income tax expense (benefit)	$ (1,678)
Predecessor
Income Tax Contingency [Line Items]
Statutory federal income tax		$ (44,540)	$ (130,576)
Meals and entertainment		522	684
State taxes, net of federal benefit		(6,778)	(3,698)
Valuation allowance		188,970	0
Remeasurement of Federal Deferred Taxes		0	0
Cancellation of debt income		(178,017)	0
Bankruptcy transaction costs		9,783	0
Tax basis adjustments		17,981	0
Goodwill impairment		0	2,833
Changes in estimates and other		8,196	(573)
Total income tax expense (benefit)		$ (3,883)	$ (131,330)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Operating loss carryforward	$ 151,468
Goodwill and intangibles	26,717
Accrued liabilities	9,418
Deferred debt costs	2,432
Deferred compensation	2,902
Receivables allowance	348
Asset retirement obligation	573
Inventory	105
Valuation Allowances	(146,330)
Total deferred tax assets	47,633
Deferred tax liabilities:
Property and equipment	(46,881)
Prepaid expenses	(830)
Total deferred tax liabilities	(47,711)
Net deferred tax liability	(78)
Recognized as:
Deferred tax liabilities - non-current	$ (78)
Predecessor
Deferred tax assets:
Operating loss carryforward		$ 208,973
Goodwill and intangibles		49,380
Accrued liabilities		12,351
Deferred debt costs		5,158
Deferred compensation		79
Receivables allowance		680
Asset retirement obligation		859
Inventory		167
Valuation Allowances		(189,185)
Total deferred tax assets		88,462
Deferred tax liabilities:
Property and equipment		(88,450)
Prepaid expenses		(12)
Total deferred tax liabilities		(88,462)
Net deferred tax liability		0
Recognized as:
Deferred tax liabilities - non-current		$ 0

Emergence from Chapter 11 and73

Emergence from Chapter 11 and Fresh Start Accounting - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2025	Dec. 31, 2017
Fresh-Start Adjustment [Line Items]
Weighted average cost of capital	17.00%
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01		$ 0.01
Common Stock
Fresh-Start Adjustment [Line Items]
Issuances of successor common stock and warrants (in shares)		26,095,431
Repayment of Debtor in Possession Financing
Fresh-Start Adjustment [Line Items]
Increase (decrease) in current portion of long-term debt	$ (38,400)	$ (38,400)
Reinstatement of Short-term Term Loans
Fresh-Start Adjustment [Line Items]
Increase (decrease) in current portion of long-term debt	1,600	1,600
Reduction of Property and Equipment to Fair Value
Fresh-Start Adjustment [Line Items]
Reduction of property and equipment net book value to estimated fair value	(178,400)	(178,400)
Fresh Start Adjustments
Fresh-Start Adjustment [Line Items]
Increase (decrease) in current portion of long-term debt	(1,657)	(1,657)
Reduction of property and equipment net book value to estimated fair value	(178,391)	(178,391)
Increase (decrease) in intangible assets	(53,769)	(53,769)
Increase (decrease) in long-term debt	(17,343)	(17,343)
Capital Lease Discounts to Fair Market Value, Current
Fresh-Start Adjustment [Line Items]
Increase (decrease) in current portion of long-term debt	(1,700)	(1,700)
Increase in Operating Leases Fair Market Value
Fresh-Start Adjustment [Line Items]
Increase (decrease) in current portion of long-term debt	200	200
Discount to Fair Market Value, Term Loan
Fresh-Start Adjustment [Line Items]
Increase (decrease) in long-term debt	(11,400)	(11,400)
Discount to Fair Market Value, Long-term Capital Leases
Fresh-Start Adjustment [Line Items]
Increase (decrease) in long-term debt	(6,000)	(6,000)
Successor
Fresh-Start Adjustment [Line Items]
Enterprise value	$ 525,000	$ 525,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Debt instrument, fair value	$ 223,200	$ 223,200
Debt instrument, face amount	$ 242,200	$ 242,200
Successor | Common Stock
Fresh-Start Adjustment [Line Items]
Issuances of successor common stock and warrants (in shares)	26,095,431
Successor | Fair Value, Inputs, Level 2 | Warrants Not Settleable in Cash | Series A Warrants
Fresh-Start Adjustment [Line Items]
Warrants, fair value (in dollars per share)	$ 4.04	$ 4.04
Scenario, Forecast
Fresh-Start Adjustment [Line Items]
Effective tax rate			38.50%
Minimum | Successor
Fresh-Start Adjustment [Line Items]
Enterprise value	$ 425,000	$ 425,000
Maximum | Successor
Fresh-Start Adjustment [Line Items]
Enterprise value	$ 625,000	$ 625,000

Emergence from Chapter 11 and74

Emergence from Chapter 11 and Fresh Start Accounting - Reconciliation of Enterprise Value to Estimated Fair Value of Successor Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fresh-Start Adjustment [Line Items]
Shares outstanding (in shares)	26,219,129	25,998,844
Successor
Fresh-Start Adjustment [Line Items]
Enterprise value		$ 525,000
Plus: Cash and cash equivalents and restricted cash		101,304
Other assets		11,324
Fair value of invested capital		637,628
Less: Fair value of Term Loan		(152,838)
Less: Fair value of Capital Leases		(70,382)
Stockholders' equity at December 31, 2016		$ 414,408
Shares outstanding (in shares)		25,998,844
Per share value (in dollars per share)		$ 15.94

Emergence from Chapter 11 and75

Emergence from Chapter 11 and Fresh Start Accounting - Summary of Fair Value of Warrants Valuation Assumptions (Details) - $ / shares	Dec. 31, 2016	Dec. 23, 2016
Fresh-Start Adjustment [Line Items]
Strike price (in dollars per share)		$ 55.25
Successor
Fresh-Start Adjustment [Line Items]
Share price (in dollars per share)	$ 15.94
Warrants Not Settleable in Cash | Fair Value, Inputs, Level 2 | Series A Warrants | Successor
Fresh-Start Adjustment [Line Items]
Share price (in dollars per share)	14.66
Strike price (in dollars per share)	$ 55.25
Expected volatility	55.70%
Expected dividend rate	0.00%
Risk free interest rate	2.35%

Emergence from Chapter 11 and76

Emergence from Chapter 11 and Fresh Start Accounting - Reconciliation of Enterprise Value to Estimated Reorganization Value (Details) - Successor $ in Thousands	Dec. 31, 2016USD ($)
Fresh-Start Adjustment [Line Items]
Enterprise Value	$ 525,000
Plus: Cash and cash equivalents and restricted cash	101,304
Plus: Other non-operating assets	11,324
Fair value of invested capital	637,628
Plus: Current liabilities, excluding current portion of long-term debt	101,353
Plus: Non-current liabilities	29,179
Reorganization Value of Successor Assets	$ 768,160

Emergence from Chapter 11 and77

Emergence from Chapter 11 and Fresh Start Accounting - Fresh-Start Adjustments (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Other Fresh-Start Adjustment Disclosures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Reorganization Adjustments
Current assets:
Cash and cash equivalents		$ 71,567
Restricted cash		(5,962)
Trade accounts receivable, net of allowance of $1,858		0
Accounts receivable - related parties		0
Income tax receivable		0
Inventories		0
Prepaid expenses		0
Other current assets		0
Total current assets		65,605
Property and equipment, net		0
Deferred debt costs, net of amortization		66
Other intangible assets, net of amortization		0
Other assets		0
Total assets		65,671
Current liabilities:
Accounts payable		27
Accrued expenses		(13,879)
Current portion of long-term debt		(36,740)
Other current liabilities		0
Total current liabilities		(50,592)
Long-term debt		162,525
Deferred tax liabilities		0
Other long-term liabilities		0
Total liabilities not subject to compromise		111,933
Liabilities subject to compromise		(979,437)
Total liabilities		(867,504)
Stockholders' equity:
Retained deficit		518,767
Total stockholders' equity		933,175
Total liabilities and stockholder's equity		65,671
Fresh Start Adjustments
Current assets:
Cash and cash equivalents		0
Restricted cash		0
Trade accounts receivable, net of allowance of $1,858		0
Accounts receivable - related parties		0
Income tax receivable		0
Inventories		0
Prepaid expenses		0
Other current assets		(6,503)
Total current assets		(6,503)
Property and equipment, net		(178,391)
Deferred debt costs, net of amortization		(1,315)
Other intangible assets, net of amortization		(53,769)
Other assets		0
Total assets		(239,978)
Current liabilities:
Accounts payable		0
Accrued expenses		152
Current portion of long-term debt		(1,657)
Other current liabilities		0
Total current liabilities		(1,505)
Long-term debt		(17,343)
Deferred tax liabilities		(663)
Other long-term liabilities		0
Total liabilities not subject to compromise		(19,511)
Liabilities subject to compromise		0
Total liabilities		(19,511)
Stockholders' equity:
Retained deficit		159,718
Total stockholders' equity		(220,467)
Total liabilities and stockholder's equity		(239,978)
Predecessor
Current assets:
Cash and cash equivalents		27,308
Restricted cash		8,391
Trade accounts receivable		108,655
Accounts receivable - related parties		31
Income tax receivable		1,271
Inventories		35,691
Prepaid expenses		15,575
Other current assets		8,506
Total current assets		205,428
Property and equipment, net		667,239
Deferred debt costs, net of amortization		1,249
Other intangible assets, net of amortization		57,227
Other assets		11,324
Total assets		942,467
Current liabilities:
Accounts payable		47,932
Accrued expenses		65,056
Current portion of long-term debt		76,865
Other current liabilities		2,065
Total current liabilities		191,918
Long-term debt		39,570
Deferred tax liabilities		663
Other long-term liabilities		29,179
Total liabilities not subject to compromise		261,330
Liabilities subject to compromise		979,437
Total liabilities		1,240,767
Stockholders' equity:
Common stock		435
Paid-in capital		387,269
Treasury stock		(7,519)
Retained deficit		(678,485)
Total stockholders' equity		(298,300)
Total liabilities and stockholder's equity		$ 942,467
Other Fresh-Start Adjustment Disclosures [Abstract]
Common stock, par value (in dollars per share)		$ 0.01
Predecessor | Reorganization Adjustments
Stockholders' equity:
Common stock		$ (435)
Paid-in capital		0
Treasury stock		7,519
Predecessor | Fresh Start Adjustments
Stockholders' equity:
Common stock		0
Paid-in capital		(387,269)
Treasury stock		0
Successor
Current assets:
Cash and cash equivalents		98,875
Restricted cash		2,429
Trade accounts receivable		108,655
Accounts receivable - related parties		31
Income tax receivable		1,271
Inventories		35,691
Prepaid expenses		15,575
Other current assets		2,003
Total current assets		264,530
Property and equipment, net		488,848
Deferred debt costs, net of amortization		0
Other intangible assets, net of amortization		3,458
Other assets		11,324
Total assets		768,160
Current liabilities:
Accounts payable		47,959
Accrued expenses		51,329
Current portion of long-term debt		38,468
Other current liabilities		2,065
Total current liabilities		139,821
Long-term debt		184,752
Deferred tax liabilities		0
Other long-term liabilities		29,179
Total liabilities not subject to compromise		353,752
Commitments and contingencies		0
Total liabilities		353,752
Stockholders' equity:
Preferred stock		0
Common stock		261
Paid-in capital		417,624
Retained deficit		0
Successor treasury stock		(3,477)
Total stockholders' equity		414,408
Total liabilities and stockholder's equity		$ 768,160
Other Fresh-Start Adjustment Disclosures [Abstract]
Common stock, par value (in dollars per share)		$ 0.01
Preferred stock, par value (in dollars per share)		$ 0.01
Successor | Reorganization Adjustments
Stockholders' equity:
Common stock		$ 261
Paid-in capital		410,540
Treasury stock		(3,477)
Preferred stock		0
Successor | Fresh Start Adjustments
Stockholders' equity:
Common stock		0
Paid-in capital		7,084
Treasury stock		0
Preferred stock		$ 0

Emergence from Chapter 11 and78

Emergence from Chapter 11 and Fresh Start Accounting - Schedule of Net Cash Payments Recorded From Implementation of the Plan (Details)	Dec. 31, 2016USD ($)
Record receipt of $125 million under the Rights Offering for New Convertible Notes deemed to have been converted to Successor Common Stock
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	$ 125,000,000
Capital Lease Fees & Expenses
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(62,000)
Creditors' professional fees transferred to Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(6,630,000)
Debtors' professional fees transferred to Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(9,526,000)
Fees for establishing the Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(5,000)
Payment of ABL Facility Claims on account of fees, charges, or other amounts payable under the ABL Credit Agreement.
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(66,000)
Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement.
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(618,000)
Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(41,000)
Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(1,610,000)
Payment of Debtor in Possession Facility Claims
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(40,296,000)
Payment of Fees and Expenses under Debtor in Possession Facility Order
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(452,000)
Payments to 2019 & 2022 Notes Indenture Trustees
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	(89,000)
Release of restricted cash to unrestricted cash
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	5,962,000
Reorganization Adjustments
Fresh-Start Adjustment [Line Items]
Cash receipts (payments)	$ 71,567,000

Emergence from Chapter 11 and79

Emergence from Chapter 11 and Fresh Start Accounting - Payment of Accrued Expenses (Details) $ in Thousands	Dec. 31, 2016USD ($)
Debtors' professional fees transferred to Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	$ 9,526
Creditors' professional fees transferred to Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	6,630
Payment of Debtor in Possession Facility Claims
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	1,907
Payment of ABL Facility Claims on account of interest payable under the ABL Credit Agreement.
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	618
Payment of Fees and Expenses under Debtor in Possession Facility Order
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	452
Payments to 2019 & 2022 Notes Indenture Trustees
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	89
Income tax withholding
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	(3,477)
To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan.
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	(1,866)
Reorganization Adjustments
Fresh-Start Adjustment [Line Items]
Net Payment of Accrued Expenses	$ 13,879

Emergence from Chapter 11 and80

Emergence from Chapter 11 and Fresh Start Accounting - Liabilities Subject to Compromise (Details) $ in Thousands	Dec. 31, 2016USD ($)
Fresh-Start Adjustment [Line Items]
Liabilities subject to compromise	$ 979,437
To reinstate the outstanding principal amount of Term Loan under the Amended and Restated Term Loan Facility.
Fresh-Start Adjustment [Line Items]
Recoveries pursuant to the prepackaged plan	(164,175)
To reinstate claim deemed to be accrued and unpaid interest under the Amended and Restated Term Loan.
Fresh-Start Adjustment [Line Items]
Recoveries pursuant to the prepackaged plan	(1,866)
Record issuance of equity to holders of Unsecured Notes
Fresh-Start Adjustment [Line Items]
Recoveries pursuant to the prepackaged plan	(273,103)
Recoveries pursuant to the Prepackaged Plan
Fresh-Start Adjustment [Line Items]
Recoveries pursuant to the prepackaged plan	(439,144)
Net Gain on Debt Discharge
Fresh-Start Adjustment [Line Items]
Net gain on debt discharge	540,293
Outstanding Unsecured Notes
Fresh-Start Adjustment [Line Items]
Liabilities subject to compromise, debt	775,000
Liabilities subject to compromise, accrued interest	38,396
Term Loan
Fresh-Start Adjustment [Line Items]
Liabilities subject to compromise, debt	164,175
Liabilities subject to compromise, accrued interest	$ 1,866

Emergence from Chapter 11 and81

Emergence from Chapter 11 and Fresh Start Accounting - Shares Issued (Details) - shares	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Fresh-Start Adjustment [Line Items]
Shares issued, management incentive plan (in shares)		333,484
Common Stock
Fresh-Start Adjustment [Line Items]
Total shares issued (in shares)			26,095,431
Successor | Common Stock
Fresh-Start Adjustment [Line Items]
Shares issued, rights offering (in shares)	10,825,620
Shares issued, stock to predecessor shareholders (in shares)	75,001
Shares issued, management incentive plan (in shares)	269,810
Shares issued, stock to senior note claimants (in shares)	14,925,000
Total shares issued (in shares)	26,095,431

Emergence from Chapter 11 and82

Emergence from Chapter 11 and Fresh Start Accounting - Cumulative Impact of Reorganization Adjustments (Details) $ in Thousands, shares in Millions	Dec. 31, 2016USD ($)shares
Fresh-Start Adjustment [Line Items]
Percentage of successor common stock distributed	0.50%
Successor common stock subject to distribution | shares	15
Net Gain on Debt discharge
Fresh-Start Adjustment [Line Items]
Fresh-Start Adjustment, Reorganization Gain (Loss), Net	$ 540,293
Capital Lease Fees & Expenses
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(62)
Fees for establishing the Fee Escrow Account
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(5)
Issuance of warrants per terms of the Plan and the Warrant Agreement
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(8,358)
Payment of Allowed Term Loan Claim on account of fees, charges, or other amounts payable under the Term Loan Agreement
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(42)
Payment of closing fees & expenses for the Amended and Restated ABL Credit Agreement
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(1,610)
Record distribution of 0.5% of the 15 million shares of Successor Common Stock (subject to dilution) to holders of Existing Equity Interests.
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(1,372)
Restricted stock amortization expense
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(216)
Record issuance of shares for initially vested RSUs under MIP
Fresh-Start Adjustment [Line Items]
Retained earnings impact	(9,861)
Reorganization Adjustments
Fresh-Start Adjustment [Line Items]
Retained earnings impact	$ 518,767

Emergence from Chapter 11 and83

Emergence from Chapter 11 and Fresh Start Accounting - Summary of Property and Equipment (Details) $ in Thousands	Dec. 31, 2016USD ($)
Successor
Fresh-Start Adjustment [Line Items]
Land	$ 21,010
Buildings and improvements	39,588
Well service units and equipment	96,365
Fracturing/test tanks	75,506
Pumping equipment	85,247
Fluid services equipment	57,359
Disposal facilities	47,507
Contract drilling equipment	12,257
Rental equipment	32,582
Light vehicles	12,722
Software	641
Other	3,885
Construction equipment	1,485
Brine and fresh water stations	2,694
Property and equipment, gross	488,848
Less accumulated depreciation and amortization	0
Property and equipment, net	488,848
Predecessor
Fresh-Start Adjustment [Line Items]
Land	22,135
Buildings and improvements	74,263
Well service units and equipment	349,001
Fracturing/test tanks	354,398
Pumping equipment	345,991
Fluid services equipment	265,599
Disposal facilities	161,220
Contract drilling equipment	112,289
Rental equipment	96,724
Light vehicles	65,434
Software	21,914
Other	13,533
Construction equipment	15,223
Brine and fresh water stations	16,035
Property and equipment, gross	1,913,759
Less accumulated depreciation and amortization	1,246,520
Property and equipment, net	$ 667,239

Emergence from Chapter 11 and84

Emergence from Chapter 11 and Fresh Start Accounting - Cumulative Impact of Fresh-start Adjustments (Details) $ in Thousands	Dec. 31, 2016USD ($)
Eliminate historical loss from Predecessor
Fresh-Start Adjustment [Line Items]
Retained earnings impact	$ (678,485)
Eliminate retained deficit due to Prepackaged Plan Effects upon emergence
Fresh-Start Adjustment [Line Items]
Retained earnings impact	518,767
Fresh Start Adjustments
Fresh-Start Adjustment [Line Items]
Retained earnings impact	$ (159,718)

Schedule II - Valuation And Q85

Schedule II - Valuation And Qualifying Accounts (Details) - Allowance for Bad Debt - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 0
Charged to Costs and Expenses	369
Charged to Other Accounts	1,858
Deductions	(704)
Balance at End of Period	1,523	$ 0
Predecessor
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 0	2,670	$ 2,032
Charged to Costs and Expenses		1,099	2,850
Charged to Other Accounts		(1,858)	0
Deductions		(1,911)	(2,212)
Balance at End of Period		$ 0	$ 2,670

Uncategorized Items - bas-20171

Label	Element	Value
Predecessor [Member]
Noncash Reorganization Items	bas_NoncashReorganizationItems	$ 0