Basic Energy Services (BASWQ) 10-Q 5 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 05, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	bas
Entity Registrant Name	BASIC ENERGY SERVICES INC
Entity Central Index Key	1,109,189
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,561,124

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 30,847	$ 38,520
Restricted cash	44,997	47,703
Trade accounts receivable, net of allowance of $1,801 and $1,523, respectively	156,165	148,444
Accounts receivable - related parties	0	22
Income tax receivable	1,588	1,878
Inventories	36,090	36,403
Prepaid expenses	19,847	22,353
Other current assets	5,688	4,292
Total current assets	295,222	299,615
Property and equipment, net	465,553	502,579
Deferred debt costs, net of amortization	2,535	2,497
Intangible assets, net of amortization	3,043	3,221
Other assets	12,617	12,568
Total assets	778,970	820,480
Current liabilities:
Accounts payable	89,929	80,518
Accrued expenses	67,678	51,973
Current portion of long-term debt, net of discounts of $658 and $1,657, respectively	39,419	55,997
Other current liabilities	6,102	2,469
Total current liabilities	203,128	190,957
Long-term debt, net of discounts and deferred financing costs of $7,496 and $10,244, respectively	278,319	259,242
Deferred tax liabilities	0	78
Other long-term liabilities	36,513	31,550
Stockholders' equity:
Preferred stock; $0.01 par value; 5,000,000 shares authorized; none designated or issued at September 30, 2018 and December 31, 2017	0	0
Common stock; $0.01 par value; 80,000,000 shares authorized; 26,765,089 shares issued and 26,547,471 shares outstanding at September 30, 2018; 26,371,572 shares issued and 26,219,129 shares outstanding at December 31, 2017	268	264
Additional paid-in capital	459,477	439,517
Accumulated deficit	(194,595)	(96,674)
Treasury stock, at cost, 217,618 and 152,443 shares at September 30, 2018 and December 31, 2017, respectively	(4,140)	(4,454)
Total stockholders' equity	261,010	338,653
Total liabilities and stockholders' equity	$ 778,970	$ 820,480

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for trade accounts receivable	$ 1,801	$ 1,523
Current portion of long-term debt, discounts	658	1,657
Discounts and deferred debt costs	$ 7,496	$ 10,244
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorize	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	26,765,089	26,371,572
Common stock, shares outstanding	26,547,471	26,219,129
Treasury stock, shares	217,618	152,443

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Total revenues	$ 246,334	$ 233,460	$ 734,368	$ 628,775
Expenses:
Expenses	190,399	171,528	567,673	490,080
General and administrative, including stock-based compensation of $5,570 and $5,891 in the three months ended September 30, 2018 and 2017 and $21,995 and $16,615 for the nine months ended September 30, 2018 and 2017, respectively	39,599	39,235	132,038	109,478
Depreciation and amortization	32,754	29,478	94,150	80,846
(Gain) loss on disposal of assets	191	26	3,891	(664)
Total expenses	262,943	240,267	797,752	679,740
Operating loss	(16,609)	(6,807)	(63,384)	(50,965)
Other income (expense):
Interest expense	(10,896)	(8,892)	(34,985)	(27,181)
Interest income	88	5	175	23
Other income	81	109	492	344
Loss before income taxes	(27,336)	(15,585)	(97,702)	(77,779)
Income tax benefit (expense)	0	1,740	(219)	1,366
Net loss	$ (27,336)	$ (13,845)	$ (97,921)	$ (76,413)
Loss per share of common stock:
Basic (in dollars per share)	$ (1.03)	$ (0.53)	$ (3.70)	$ (2.94)
Diluted (in dollars per share)	$ (1.03)	$ (0.53)	$ (3.70)	$ (2.94)
Completion and remedial services
Revenues:
Total revenues	$ 115,978	$ 123,650	$ 360,523	$ 311,466
Expenses:
Expenses	89,777	84,481	279,963	232,932
Well servicing
Revenues:
Total revenues	67,246	54,629	189,188	156,302
Expenses:
Expenses	55,106	43,219	152,977	125,931
Water logistics
Revenues:
Total revenues	59,539	52,333	175,727	153,279
Expenses:
Expenses	42,785	41,281	127,716	124,399
Contract drilling
Revenues:
Total revenues	3,571	2,848	8,930	7,728
Expenses:
Expenses	$ 2,731	$ 2,547	$ 7,017	$ 6,818

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Stock-based compensation included in general and administrative expense	$ 5,570	$ 5,891	$ 21,995	$ 16,615

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 9 months ended Sep. 30, 2018 - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2017		26,371,572	152,443,000
Beginning balance at Dec. 31, 2017	$ 338,653	$ 264	$ (4,454)	$ 439,517	$ (96,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		393,517
Issuances of restricted stock	2	$ 4		(2)
Amortization of share-based compensation	21,995			21,995
Treasury stock, net (in shares)			65,175,000
Treasury stock, net	(1,719)		$ 314	(2,033)
Net loss	(97,921)				(97,921)
Ending balance (in shares) at Sep. 30, 2018		26,765,089	217,618,000
Ending balance at Sep. 30, 2018	$ 261,010	$ 268	$ (4,140)	$ 459,477	$ (194,595)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net loss	$ (97,921)	$ (76,413)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	94,150	80,846
Accretion on asset retirement obligation	115	119
Change in allowance for doubtful accounts	278	1,907
Amortization of deferred financing costs	586	14
Amortization of debt discounts	3,708	5,649
Non-cash compensation	21,995	16,615
(Gain) loss on disposal of assets	3,891	(664)
Deferred income taxes	(78)	389
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(7,977)	(61,463)
Inventories	313	437
Income tax receivable	291	(1,740)
Prepaid expenses and other current assets	7,010	(9,446)
Other assets	(49)	(1,083)
Accounts payable	5,736	32,865
Other liabilities	8,629	3,046
Accrued expenses	15,705	10,747
Net cash provided by operating activities	56,382	1,825
Cash flows from investing activities:
Purchase of property and equipment	(48,588)	(48,295)
Proceeds from sale of assets	1,942	7,834
Net cash used in investing activities	(46,646)	(40,461)
Cash flows from financing activities:
Payments of debt	(50,313)	(33,649)
Proceeds from debt	32,500	64,000
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock	(1,717)	(38)
Deferred loan costs and other financing activities	(585)	(2,133)
Net cash provided by (used in) financing activities	(20,115)	28,180
Net decrease in cash, cash equivalents and restricted cash	(10,379)	(10,456)
Cash, cash equivalents and restricted cash - end of period	75,844	90,848
Cash, cash equivalents and restricted cash - beginning of period	86,223	101,304
Noncash investing and financing activity:
Capital leases and notes issued for equipment	16,565	61,040
Change in accrued property and equipment	$ 3,675	$ 8,726

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation and Nature of Operations	Basis of Presentation and Nature of Operations Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements. Liquidity and Capital Resources As of September 30, 2018, our primary capital resources were cash flows from operations, utilization of capital leases and borrowings under our accounts receivable securitization facility (the “Prior ABL Facility”) which had aggregate commitments of $150.0 million as of September 30, 2018. As of September 30, 2018, we had $90.0 million in borrowings under the Prior ABL Facility compared to $64.0 million at December 31, 2017. At September 30, 2018, we had unrestricted cash and cash equivalents of $30.8 million compared to $38.5 million as of December 31, 2017. An additional amount of $45.0 million of our cash was classified as restricted cash as of September 30, 2018. For further discussion see Note 5, "Long-Term Debt and Interest Expense". On October 2, 2018, the Company issued in a private placement offering $300.0 million aggregate principal amount of 10.75% senior secured notes due 2023 (the “Senior Notes”) at 99.042% of par and entered into a new $150.0 million senior secured revolving credit facility (the “New ABL Facility”). In connection with the closing of the Senior Notes, the Company repaid the balances outstanding under the Prior ABL Facility and our Amended and Restated Term Loan Credit Agreement ( the "Term Loan Agreement") in their entirety and terminated both facilities. The term loan repayment was made prior to the maturity date defined in the Term Loan Agreement, and the Company incurred repayment penalties of approximately $17.5 million associated with the term loan repayment. For additional information regarding our New ABL Facility and Senior Notes, see Note 5, “Long-Term Debt and Interest Expense”. Nature of Operations Basic provides a wide range of well site services in the United States to oil and natural gas drilling and producing companies, including well servicing, water logistics, completion and remedial services and contract drilling. These services are primarily provided using Basic’s fleet of equipment. Basic’s operations are concentrated in the major United States onshore oil and gas producing regions in Texas, New Mexico, Oklahoma, North Dakota, Wyoming, Montana, Arkansas, Kansas, Louisiana, California and Colorado. Principles of Consolidation The accompanying consolidated financial statements include the accounts of 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 Preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, revenue, and expenses. Critical accounting estimates are those in which significant judgment is used, and the impact of any changes in estimates would have a significant effect on our consolidated financial statements. Actual results and outcomes may vary from management's estimates and assumptions. Areas where critical accounting estimates are made by management include litigation and self-insured risk reserves.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
	Sep. 30, 2018
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets that sum to the total of the same amounts shown in the unaudited statements of cash flows (in thousands): September 30, 2018 2017 Cash and cash equivalents $ 30,847 $ 43,168 Restricted cash 44,997 47,680 Total cash, cash equivalents and restricted cash $ 75,844 $ 90,848 The Company’s restricted cash at September 30, 2018 and 2017, respectively, included cash balances which are legally or contractually restricted to use. The Company’s restricted cash is included in current assets as of September 30, 2018 and 2017, respectively, and includes primarily cash used to collateralize insurance reserves.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following (in thousands): September 30, 2018 December 31, 2017 Land $ 21,442 $ 21,217 Buildings and improvements 40,524 40,043 Well service units and equipment 120,424 113,657 Frac equipment/test tanks 122,464 111,172 Pumping equipment 101,539 116,127 Water logistics equipment 78,888 79,711 Disposal facilities 57,947 51,363 Rental equipment 62,366 34,643 Light vehicles 25,399 19,869 Contract drilling equipment 11,508 10,967 Other 4,986 4,092 Construction equipment 355 2,338 Brine and fresh water stations 3,107 2,704 Software 831 817 651,780 608,720 Less accumulated depreciation and amortization 186,227 106,141 Property and equipment, net $ 465,553 $ 502,579 Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above consists of the following (in thousands): September 30, 2018 December 31, 2017 Pumping equipment $ 53,979 $ 56,225 Water logistics equipment 38,824 40,097 Light vehicles 17,431 12,160 Contract drilling equipment 323 783 Well service units and equipment 233 262 Construction and other equipment 667 378 Rental equipment 978 — 112,435 109,905 Less accumulated amortization 32,812 18,445 Property and equipment under capital lease, net $ 79,623 $ 91,460 Amortization of assets held under capital leases is included in depreciation and amortization expense in the consolidated statements of operations. Amortization amounts consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Lease amortization expense $ 7,287 $ 5,657 $ 21,649 $ 13,245

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Basic had trade names of $3.4 million as of September 30, 2018 and December 31, 2017. Trade names have a 15-year life and are tested for impairment when triggering events are identified. Basic’s intangible assets were as follows (in thousands): September 30, 2018 December 31, 2017 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization 415 237 Intangible assets subject to amortization, net $ 3,043 $ 3,221 Amortization expense of intangible assets for the three and nine months ended September 30, 2018 and 2017 was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Intangible amortization expense $ 60 $ 60 $ 178 $ 178

Long-Term Debt and Interest Exp

Long-Term Debt and Interest Expense	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt and Interest Expense	Long-Term Debt and Interest Expense Long-term debt consisted of the following (in thousands): September 30, 2018 December 31, 2017 Credit facilities: Term Loan $ 161,288 $ 162,525 ABL Facility 90,000 64,000 Capital leases and other notes 74,604 100,615 Unamortized discounts, premiums, and deferred financing costs (8,154) (11,901) Total principal amount of debt instruments, net 317,738 315,239 Less current portion 39,419 55,997 Long-term debt $ 278,319 $ 259,242 Debt Discounts The following discounts on debt represent the unamortized discount to fair value of the Term Loan Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): September 30, 2018 December 31, 2017 Unamortized discount on Term Loan $ 7,369 $ 9,187 Unamortized discount on Capital Leases - short-term 658 1,657 Unamortized discount on Capital Leases - long-term — 891 Unamortized deferred financing costs 127 166 Total unamortized discounts and deferred financing costs $ 8,154 $ 11,901 On April 11, 2018, the Company entered into Amendment No. 2 (“Amendment No. 2”) to the Prior ABL Facility. Among other things, Amendment No. 2 (i) increased the aggregate commitments under our Credit and Security Agreement (the "Credit Agreement") from $120 million to $150 million and (ii) added Morgan Stanley Senior Funding, Inc. as a lender and amended the commitment schedule to the Credit Agreement to reflect the same. On May 14, 2018, the Company entered into Amendment No. 3 (“Amendment No. 3”) to the Prior ABL Facility. Among other things, Amendment No. 3 (i) revised the formula for calculation of the borrowing base and (ii) revised the timing of the Company’s delivery of borrowing base reports. On September 14, 2018, the Company entered into Amendment No. 4 (“Amendment No. 4”) to the Prior ABL Facility. Among other things, Amendment No. 4 (i) increased the Borrowing Base Availability Reserve (as defined in the Credit Agreement) to the greater of $12.5 million or 12.5% of the eligible amount, from $10.0 million and 10.0%, respectively, and (ii) revised the measurement period for calculation of the dilution volatility ratio, with respect to the period commencing on September 14, 2018 and ending on October 12, 2018, to be six months preceding the calculation date, rather than twelve months. As of September 30, 2018, Basic had $39.8 million of letters of credit outstanding secured by restricted cash borrowed under the Prior ABL Facility. Basic had borrowings under the Prior ABL Facility of $90 million as of September 30, 2018. Basic’s interest expense for the three and nine months ended September 30, 2018 and 2017, consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Cash payments for interest $ 8,266 $ 7,611 $ 24,408 $ 16,919 Commitment and other fees paid 1,338 — 3,141 187 Amortization of debt issuance costs and discounts 1,181 1,850 4,295 5,731 Change in accrued interest 56 57 3,046 4,934 Capitalized interest — (660) — (660) Other 55 34 95 70 Total interest expense $ 10,896 $ 8,892 $ 34,985 $ 27,181 Senior Secured Notes On October 2, 2018, the Company issued $300.0 million aggregate principal amount of 10.75% senior secured notes due 2023 (the “Senior Notes”) in an offering exempt from registration under the Securities Act. The Senior Notes were issued at a price of 99.042% of par to yield 11.0%. The Senior Notes will initially be secured by a first-priority lien on substantially all of the assets of the Company and the subsidiary guarantors other than accounts receivable, inventory and certain related assets. Net proceeds from the offering of approximately $290.0 million were used to repay the Company’s existing indebtedness under the Term Loan Agreement, to repay the Company’s outstanding borrowings under the Prior ABL Facility, and for general corporate purposes. New ABL Facility On October 2, 2018, the Company terminated the Prior ABL Facility and Term Loan Agreement and entered into an ABL Credit Agreement (the “New ABL Credit Agreement”) among the Company, as borrower (in such capacity, the “Borrower”), Bank of America, N.A., as administrative agent (the “Administrative Agent”), swing line lender and letter of credit issuer, UBS Securities LLC, as syndication agent, PNC Bank National Association, as documentation agent and letter of credit issuer, and the other lenders from time to time party thereto (collectively, the “New ABL Lenders”). Pursuant to the New ABL Credit Agreement, the New ABL Lenders have extended to the Borrower a revolving credit facility in the maximum aggregate principal amount of $150.0 million, subject to borrowing base capacity (the “New ABL Facility”). The New ABL Facility includes a sublimit for letters of credit of up to $50.0 million in the aggregate, and for borrowings on same-day notice under swingline loans subject to a sublimit of the lesser of (a) $15.0 million and (b) the aggregate commitments of the New ABL Lenders. The New ABL Facility also provides capacity for base rate protective advances up to $10.0 million at the discretion of the Administrative Agent and provisions relating to overadvances. The New ABL Facility contains no restricted cash requirements. Borrowings under the New ABL Facility bear interest at a rate per annum equal to an applicable rate, plus, at Borrower’s option, either (a) a base rate or (b) a LIBOR rate. The applicable rate is fixed from the closing date to April 1, 2019. After April 1, 2019, the applicable rate is determined by reference to the average daily availability as a percentage of the borrowing base during the fiscal quarter immediately preceding such applicable quarter. Principal amounts outstanding under the New ABL Facility will be due and payable in full on the maturity date, which is five years from the closing of the facility; provided that if the Senior Notes have not been redeemed by July 3, 2023, then the maturity date shall be July 3, 2023. Substantially all of the domestic subsidiaries of the Company guarantee the borrowings under the New ABL Facility, and Borrower guarantees the payment and performance by each specified loan party of its obligations under its guaranty with respect to swap obligations. All obligations under the New ABL Facility and the related guarantees are secured by a perfected first-priority security interest in substantially all accounts receivable, inventory, and certain other assets, not including equity interests.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following is a summary of the carrying amounts, net of discounts, and estimated fair values of our financial instruments as of September 30, 2018 and December 31, 2017: Fair Value September 30, 2018 December 31, 2017 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Term Loan 3 $ 153,918 $ 154,236 $ 153,338 $ 162,052 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 Prior ABL Facility approximates fair value due to its variable-rate characteristics.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
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 that the likelihood of any of these items resulting in a material adverse impact to Basic’s financial position, liquidity, capital resources or future results of operations is remote. Currently, Basic has not been fined, cited or notified of any environmental violations that would have a material adverse effect upon its financial position, liquidity or capital resources. However, management does recognize that by the very nature of its business, material costs could be incurred in the near term to bring Basic into total compliance with the laws and regulations. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible contamination, the unknown timing and extent of the corrective actions which may be required, the determination of Basic’s liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnification. Litigation From time to time, Basic is a party to litigation or other legal proceedings that Basic considers to be a part of the ordinary course of business. Basic is not currently involved in any legal proceedings that it considers probable or reasonably possible, individually or in the aggregate, to result in a material adverse effect on its financial condition, results of operations or liquidity. Sales and Use Tax Audit In 2014, Basic was notified by the Texas State Comptroller’s office that a sales and use tax audit for the period from 2010 through 2013 would be conducted. A preliminary report has been issued in the second quarter of 2018 for this audit, and Basic will appeal the preliminary report through the redetermination process. Based on our analysis, the potential liability associated with this audit ranges from $6.0 million to $24.0 million. An accrual for the estimated liability of $6.0 million has been recorded in Basic’s financial statements as general and administrative expense and the related interest associated with the taxes of $1.5 million is included in interest expense for the nine months ended September 30, 2018. This range could potentially change in future periods as the appeals and redetermination process progresses. Self-Insured Risk Accruals Basic is self-insured up to retention limits as it relates to workers’ compensation, general liability claims, and medical and dental coverage of its employees. Basic generally maintains no physical property damage coverage on its workover rig fleet, with the exception of certain of its 24-hour workover rigs and newly manufactured rigs. Basic has deductibles per occurrence for workers’ compensation, general liability claims, automobile liability and medical coverage of $4.0 million, $1.0 million, $1.0 million, and $425,000, respectively. Basic maintains accruals in the accompanying consolidated balance sheets related to self-insurance retentions based upon third-party acturial data and claims history.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders’ Equity	Stockholders’ Equity Common Stock In February 2018, Basic granted certain members of management 203,625 performance-based restricted stock units and 203,625 restricted stock units, which each vest over a three three

Incentive Plan

Incentive Plan	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plan	Incentive Plan The following table reflects compensation activity related to the management incentive plan for the three and nine-month periods ended September 30, 2018 (dollar amounts in thousands): Compensation expense for three months ended September 30, 2018 Compensation expense for nine months ended September 30, 2018 Unrecognized compensation expense Weighted average remaining life (years) Fair value of share based awards vested Restricted stock awards and restricted stock units $ 4,775 $ 18,533 $ 18,465 1.5 $ 5,842 Stock options 795 3,462 4,247 8.3 — Total compensation expense $ 5,570 $ 21,995 $ 22,712 $ 5,842 Stock Option Awards The fair value of each stock option is estimated on the date of grant using the Black-Scholes-Merton option-pricing model. Stock options granted under the Company's management incentive plan expire ten three The following table reflects changes during the nine-month period and a summary of stock options outstanding at September 30, 2018: Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Options Exercise Term Value Granted Price (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 654,016 $ 39.23 Options granted — — Options forfeited (25,898) 39.23 Options exercised — — Options expired (19,430) 39.23 Outstanding, end of period 608,688 $ 39.23 8.3 $ — Exercisable, end of period 254,728 $ 39.23 8.3 $ — Vested or expected to vest, end of period 405,764 $ 39.23 8.3 $ — There were no stock options exercised during the nine months ended September 30, 2018 and 2017. Restricted Stock Unit Awards A summary of the status of Basic’s non-vested restricted stock units at September 30, 2018 and changes during the nine months ended September 30, 2018 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Shares Value Per Share Non-vested at beginning of period 1,097,010 $ 36.35 Granted during period 551,650 14.11 Vested during period (405,864) 34.66 Forfeited during period (76,916) 28.89 Non-vested at end of period 1,165,880 $ 26.91 Restricted Stock Awards On May 21, 2018, Basic’s Board of Directors (the "Board") approved grants of restricted stock awards to non-employee members of the Board. The number of restricted shares granted was 48,400. These grants are subject to vesting over a period of ten Phantom Stock Awards three

Revenues

Revenues	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenues	RevenuesOur revenues are generated by services, which are consumed as provided by our customers on their sites. As a decentralized organization, contracts for our services are negotiated on a regional level and are on a per job basis, with jobs being completed in a short period of time, usually one day or up to a week. Revenue is recognized as performance obligations have been completed on a daily basis either as Accounts Receivable or Work-in-Process ("WIP"), when all of the proper approvals are obtained. A small percentage of our jobs may require performance obligations which extend over a longer period of time and are not invoiced until all performances obligations in the contract are complete, such as, drilling or plugging a well, fishing services, and pad site preparation jobs. Because these jobs are performed on the customer's job site, and we are contractually entitled to bill for our services performed to date, revenues for these service lines are recognized on a daily basis as services are performed and recorded as Contract Assets rather than a WIP or Accounts Receivable. Contract Assets are typically invoiced within 30 to 60 days of recognizing revenue. As of September 30, 2018, accounts receivable related to products and services were $156.2 million. At September 30, 2018 and December 31, 2017, the Company had $1.9 million and $2.4 million of contract assets, respectively, and had $2.6 million and no contract liabilities, respectively recorded on the consolidated balance sheet. Basic does not have any long-term service contracts; nor do we have revenue expected to be recognized in any future year related to remaining performance obligations or contracts with variable consideration related to undelivered performance obligations. The following table sets forth certain financial information with respect to Basic’s disaggregation of revenues by geographic location and type (in thousands): Reportable Segments Completion & Remedial Services Well Servicing Water Logistics Contract Drilling Total Three Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 32,865 $ 31,046 $ 31,648 $ 3,598 $ 99,157 ArkLaTex & Mid-Continent 52,549 17,377 10,912 — 80,838 Rocky Mountain 31,628 7,546 9,189 — 48,363 Texas Gulf Coast — 6,636 9,156 — 15,792 Eastern USA 652 1,089 — — 1,741 West Coast — 8,341 — — 8,341 Corporate (Intercompany) (1,716) (4,789) (1,366) (27) (7,898) Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Major Products/service lines Pumping Equipment $ 72,924 $ — $ — $ — $ 72,924 Well Servicing — 55,098 — — 55,098 Transport/Vacuum — — 35,889 — 35,889 Coiled Tubing 17,328 — — — 17,328 RAFT 23,511 — — — 23,511 Plugging — 6,685 — — 6,685 Production and Disposal Facilities — — 6,158 — 6,158 Hot Oiler — — 4,696 — 4,696 Other 2,215 5,463 12,796 3,571 24,045 Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Timing of revenue recognition Products transferred at a point in time $ — $ 2,601 $ — $ — $ 2,601 Products and services transferred over time 115,978 64,645 59,539 3,571 243,733 Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Three Months Ended Sep 30, 2017 Primary Geographical Markets Permian Basin 37,714 23,259 27,327 2,941 91,241 ArkLaTex & Mid-Continent 49,659 15,080 9,690 — 74,429 Rocky Mountain 35,062 6,428 8,295 — 49,785 Texas Gulf Coast 910 6,804 8,117 — 15,831 Eastern USA 1,901 2,522 — — 4,423 West Coast — 7,454 — — 7,454 Corporate (1,596) (6,918) (1,096) (93) (9,703) Total 123,650 54,629 52,333 2,848 233,460 Major Products/service lines Pumping Equipment 75,503 — — — 75,503 Well Servicing — 46,062 — — 46,062 Transport/Vacuum — — 33,021 — 33,021 Coiled Tubing 26,358 — — — 26,358 RAFT 17,833 — — — 17,833 Plugging — 6,138 — — 6,138 Production and Disposal Facilities — — 5,297 — 5,297 Hot Oiler — — 4,139 — 4,139 Other 3,956 2,429 9,876 2,848 19,109 Total 123,650 54,629 52,333 2,848 233,460 Timing of revenue recognition Products transferred at a point in time — — — — — Products and services transferred over time 123,650 54,629 52,333 2,848 233,460 Total 123,650 54,629 52,333 2,848 233,460 Completion & Remedial Services Well Servicing Water Logistics Contract Drilling Total Nine Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 114,354 $ 88,423 $ 94,302 $ 9,220 $ 306,299 ArkLaTex & Mid-Continent 157,993 41,327 33,234 — 232,554 Rocky Mountain 88,615 20,681 25,798 — 135,094 Texas Gulf Coast 1,037 21,289 26,644 — 48,970 Eastern USA 3,609 5,560 — — 9,169 West Coast — 22,520 — — 22,520 Corporate (Intercompany) (5,085) (10,612) (4,251) (290) (20,238) Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Major Products/service lines Pumping Equipment $ 232,229 $ — $ — $ — $ 232,229 Well Servicing — 157,766 — — 157,766 Transport/Vacuum — — 107,932 — 107,932 Coiled Tubing 52,487 — — — 52,487 RAFT 66,153 — — — 66,153 Plugging — 19,219 — — 19,219 Production and Disposal Facilities — — 17,853 — 17,853 Hot Oiler — — 15,084 — 15,084 Other 9,654 12,203 34,858 8,930 65,645 Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Timing of revenue recognition Products transferred at a point in time $ — $ 3,331 $ — $ — $ 3,331 Products and services transferred over time 360,523 185,857 175,727 8,930 731,037 Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Nine Months Ended September 30, 2017 Primary Geographical Markets Permian Basin 106,620 68,333 83,469 8,016 266,438 ArkLaTex & Mid-Continent 124,827 40,259 27,684 — 192,770 Rocky Mountain 78,488 19,025 23,176 — 120,689 Texas Gulf Coast 2,170 21,600 23,386 — 47,156 Eastern USA 4,110 5,591 — — 9,701 West Coast — 18,912 — — 18,912 Corporate (Intercompany) (4,749) (17,418) (4,436) (288) (26,891) Total 311,466 156,302 153,279 7,728 628,775 Major Products/service lines Pumping Equipment 196,276 — — — 196,276 Well Servicing — 130,142 — — 130,142 Transport/Vacuum — — 96,088 — 96,088 Coiled Tubing 58,010 — — — 58,010 RAFT 47,166 — — — 47,166 Plugging — 19,035 — — 19,035 Production and Disposal Facilities — — 14,990 — 14,990 Hot Oiler — — 13,484 — 13,484 Other 10,014 7,125 28,717 7,728 53,584 Total 311,466 156,302 153,279 7,728 628,775 Timing of revenue recognition Products transferred at a point in time — 577 — — 577 Products and services transferred over time 311,466 155,725 153,279 7,728 628,198 Total 311,466 156,302 153,279 7,728 628,775

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of unaudited basic and diluted loss per share (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net loss $ (27,336) $ (13,845) $ (97,921) $ (76,413) Denominator: Denominator for basic and diluted loss per share 26,509,944 26,001,062 26,430,681 26,000,326 Basic loss per common share: $ (1.03) $ (0.53) $ (3.70) $ (2.94) Diluted loss per common share: $ (1.03) $ (0.53) $ (3.70) $ (2.94) Stock options and warrants of 2,675,264 were excluded from the computation of diluted loss per share for the three and nine months ended September 30, 2018 because the effect would have been anti-dilutive. Unvested restricted shares of 86,761 and 37,656 were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2018, respectively, because the effect would have been anti-dilutive. Unvested stock options and warrants of 2,721,720 were excluded from the computation of diluted loss per share for the three and nine months ended September 30, 2017, because the effect would have been anti-dilutive. Unvested restricted shares of 26,700 and 12,421 were excluded from the computation of diluted loss per share for the three and nine months ended September 30, 2017, respectively, because the effect would have been anti-dilutive.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Business Segment Information	Business Segment 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 Three Months Ended September 30, 2018 (Unaudited) Operating revenues $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ — $ 246,334 Direct operating costs (89,777) $ (55,106) $ (42,785) $ (2,731) $ — (190,399) Segment profits $ 26,201 $ 12,140 $ 16,754 $ 840 $ — $ 55,935 Depreciation and amortization $ 16,563 $ 6,533 $ 7,214 $ 314 $ 2,130 $ 32,754 Capital expenditures (excluding acquisitions) $ 10,664 $ 4,921 $ 6,710 $ 43 $ 804 $ 23,142 Three Months Ended September 30, 2017 (Unaudited) Operating revenues $ 123,650 $ 54,629 $ 52,333 $ 2,848 $ — $ 233,460 Direct operating costs (84,481) $ (43,219) $ (41,281) $ (2,547) $ — (171,528) Segment profits $ 39,169 $ 11,410 $ 11,052 $ 301 $ — $ 61,932 Depreciation and amortization $ 13,860 $ 5,319 $ 7,703 $ 495 $ 2,101 $ 29,478 Capital expenditures (excluding acquisitions) $ 11,285 $ 6,884 $ 10,055 $ 12 $ 672 $ 28,908 Nine Months Ended September 30, 2018 (Unaudited) Operating revenues $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ — $ 734,368 Direct operating costs (279,963) $ (152,977) $ (127,716) $ (7,017) $ — (567,673) Segment profits $ 80,560 $ 36,211 $ 48,011 $ 1,913 $ — $ 166,695 Depreciation and amortization $ 45,638 $ 18,196 $ 22,978 $ 1,097 $ 6,241 $ 94,150 Capital expenditures (excluding acquisitions) $ 32,002 $ 17,227 $ 17,488 $ 553 $ 1,558 $ 68,828 Identifiable assets $ 245,273 $ 105,287 $ 115,803 $ 5,203 $ 307,404 $ 778,970 Nine Months Ended September 30, 2017 (Unaudited) Operating revenues $ 311,466 $ 156,302 $ 153,279 $ 7,728 $ — $ 628,775 Direct operating costs (232,932) $ (125,931) $ (124,399) $ (6,818) $ — (490,080) Segment profits $ 78,534 $ 30,371 $ 28,880 $ 910 $ — $ 138,695 Depreciation and amortization $ 38,013 $ 14,589 $ 21,127 $ 1,357 $ 5,760 $ 80,846 Capital expenditures (excluding acquisitions) $ 69,342 $ 20,377 $ 26,392 $ 30 $ 1,920 $ 118,061 Identifiable assets $ 263,407 $ 107,511 $ 135,338 $ 8,643 $ 346,246 $ 861,145 The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Segment profits $ 55,935 $ 61,932 $ 166,695 $ 138,695 General and administrative expenses 39,599 39,235 132,038 109,478 Depreciation and amortization 32,754 29,478 94,150 80,846 (Gain) loss on disposal of assets 191 26 3,891 (664) Operating loss $ (16,609) $ (6,807) $ (63,384) $ (50,965)

Supplemental Schedule of Cash F

Supplemental Schedule of Cash Flow Information	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Schedule of Cash Flow Information	Supplemental Schedule of Cash Flow Information The following table reflects non-cash financing and investing activity during the following periods (in thousands): Nine Months Ended September 30, 2018 2017 (In thousands) Change in assets held-for sale $ 6,495 $ 2,799 Asset retirement obligation additions $ (148) $ (30)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
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 to match the delivery of goods or services to customers to the consideration 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 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. The adoption of ASU 2014-09 did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows as of the adoption date or for the nine months ended September 30, 2018. The Company has included the disclosures required by ASU 2014-09 above. 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 September 30, 2018, Basic had operating leases with terms longer than one year totaling $10.1 million. 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 began presenting cash flows under this standard as of March 31, 2018 and retrospectively for all periods presented. See Note 2, "Cash, Cash Equivalents and Restricted Cash" for disclosures. In August 2018 the SEC adopted amendments to certain disclosure requirements in Securities Act Release No. 33-10532, Disclosure Update and Simplification. The amendment provides that the Rule 3-04 of Regulation S-X requirement for reporting of changes in stockholders’ equity and amount of dividends per share is extended to interim periods. The comparative requirement is in the amendments to Rules 8-03(a)(5) and 10-01(a)(7), which now require the Rule 3-04 information for current and comparative year-to-date periods, with subtotals for each interim period. The requirement is effective for all filings on or after November 5, 2018. Basic will begin presenting stockholder's equity under this amendment from December 31, 2018.

Basis of Presentation and Nat_2

Basis of Presentation and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of 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 GAAP requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, revenue, and expenses. Critical accounting estimates are those in which significant judgment is used, and the impact of any changes in estimates would have a significant effect on our consolidated financial statements. Actual results and outcomes may vary from management's estimates and assumptions. Areas where critical accounting estimates are made by management include litigation and self-insured risk reserves.
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 to match the delivery of goods or services to customers to the consideration 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 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. The adoption of ASU 2014-09 did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows as of the adoption date or for the nine months ended September 30, 2018. The Company has included the disclosures required by ASU 2014-09 above. 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 September 30, 2018, Basic had operating leases with terms longer than one year totaling $10.1 million. 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 began presenting cash flows under this standard as of March 31, 2018 and retrospectively for all periods presented. See Note 2, "Cash, Cash Equivalents and Restricted Cash" for disclosures. In August 2018 the SEC adopted amendments to certain disclosure requirements in Securities Act Release No. 33-10532, Disclosure Update and Simplification. The amendment provides that the Rule 3-04 of Regulation S-X requirement for reporting of changes in stockholders’ equity and amount of dividends per share is extended to interim periods. The comparative requirement is in the amendments to Rules 8-03(a)(5) and 10-01(a)(7), which now require the Rule 3-04 information for current and comparative year-to-date periods, with subtotals for each interim period. The requirement is effective for all filings on or after November 5, 2018. Basic will begin presenting stockholder's equity under this amendment from December 31, 2018.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2018
Cash and Cash Equivalents [Abstract]
Schedule of Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets that sum to the total of the same amounts shown in the unaudited statements of cash flows (in thousands): September 30, 2018 2017 Cash and cash equivalents $ 30,847 $ 43,168 Restricted cash 44,997 47,680 Total cash, cash equivalents and restricted cash $ 75,844 $ 90,848

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consisted of the following (in thousands): September 30, 2018 December 31, 2017 Land $ 21,442 $ 21,217 Buildings and improvements 40,524 40,043 Well service units and equipment 120,424 113,657 Frac equipment/test tanks 122,464 111,172 Pumping equipment 101,539 116,127 Water logistics equipment 78,888 79,711 Disposal facilities 57,947 51,363 Rental equipment 62,366 34,643 Light vehicles 25,399 19,869 Contract drilling equipment 11,508 10,967 Other 4,986 4,092 Construction equipment 355 2,338 Brine and fresh water stations 3,107 2,704 Software 831 817 651,780 608,720 Less accumulated depreciation and amortization 186,227 106,141 Property and equipment, net $ 465,553 $ 502,579
Property and Equipment and Related Accumulated Amortization Under Capital Leases	The gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above consists of the following (in thousands): September 30, 2018 December 31, 2017 Pumping equipment $ 53,979 $ 56,225 Water logistics equipment 38,824 40,097 Light vehicles 17,431 12,160 Contract drilling equipment 323 783 Well service units and equipment 233 262 Construction and other equipment 667 378 Rental equipment 978 — 112,435 109,905 Less accumulated amortization 32,812 18,445 Property and equipment under capital lease, net $ 79,623 $ 91,460
Capital Lease Amortization Expense	Amortization of assets held under capital leases is included in depreciation and amortization expense in the consolidated statements of operations. Amortization amounts consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Lease amortization expense $ 7,287 $ 5,657 $ 21,649 $ 13,245

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Basic’s intangible assets were as follows (in thousands): September 30, 2018 December 31, 2017 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization 415 237 Intangible assets subject to amortization, net $ 3,043 $ 3,221
Amortization Expense	Amortization expense of intangible assets for the three and nine months ended September 30, 2018 and 2017 was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Intangible amortization expense $ 60 $ 60 $ 178 $ 178

Long-Term Debt and Interest E_2

Long-Term Debt and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following (in thousands): September 30, 2018 December 31, 2017 Credit facilities: Term Loan $ 161,288 $ 162,525 ABL Facility 90,000 64,000 Capital leases and other notes 74,604 100,615 Unamortized discounts, premiums, and deferred financing costs (8,154) (11,901) Total principal amount of debt instruments, net 317,738 315,239 Less current portion 39,419 55,997 Long-term debt $ 278,319 $ 259,242
Unamortized Discounts on Debt	The following discounts on debt represent the unamortized discount to fair value of the Term Loan Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): September 30, 2018 December 31, 2017 Unamortized discount on Term Loan $ 7,369 $ 9,187 Unamortized discount on Capital Leases - short-term 658 1,657 Unamortized discount on Capital Leases - long-term — 891 Unamortized deferred financing costs 127 166 Total unamortized discounts and deferred financing costs $ 8,154 $ 11,901
Interest Expense	Basic’s interest expense for the three and nine months ended September 30, 2018 and 2017, consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Cash payments for interest $ 8,266 $ 7,611 $ 24,408 $ 16,919 Commitment and other fees paid 1,338 — 3,141 187 Amortization of debt issuance costs and discounts 1,181 1,850 4,295 5,731 Change in accrued interest 56 57 3,046 4,934 Capitalized interest — (660) — (660) Other 55 34 95 70 Total interest expense $ 10,896 $ 8,892 $ 34,985 $ 27,181

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Carrying Amount and Fair Value of Financial Instruments	The following is a summary of the carrying amounts, net of discounts, and estimated fair values of our financial instruments as of September 30, 2018 and December 31, 2017: Fair Value September 30, 2018 December 31, 2017 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Term Loan 3 $ 153,918 $ 154,236 $ 153,338 $ 162,052

Incentive Plan (Tables)

Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation Activity Related to the Management Incentive Plan	The following table reflects compensation activity related to the management incentive plan for the three and nine-month periods ended September 30, 2018 (dollar amounts in thousands): Compensation expense for three months ended September 30, 2018 Compensation expense for nine months ended September 30, 2018 Unrecognized compensation expense Weighted average remaining life (years) Fair value of share based awards vested Restricted stock awards and restricted stock units $ 4,775 $ 18,533 $ 18,465 1.5 $ 5,842 Stock options 795 3,462 4,247 8.3 — Total compensation expense $ 5,570 $ 21,995 $ 22,712 $ 5,842
Summary of Stock Options Outstanding	The following table reflects changes during the nine-month period and a summary of stock options outstanding at September 30, 2018: Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Options Exercise Term Value Granted Price (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 654,016 $ 39.23 Options granted — — Options forfeited (25,898) 39.23 Options exercised — — Options expired (19,430) 39.23 Outstanding, end of period 608,688 $ 39.23 8.3 $ — Exercisable, end of period 254,728 $ 39.23 8.3 $ — Vested or expected to vest, end of period 405,764 $ 39.23 8.3 $ —
Summary of Non-Vested Restricted Stock Units	A summary of the status of Basic’s non-vested restricted stock units at September 30, 2018 and changes during the nine months ended September 30, 2018 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Shares Value Per Share Non-vested at beginning of period 1,097,010 $ 36.35 Granted during period 551,650 14.11 Vested during period (405,864) 34.66 Forfeited during period (76,916) 28.89 Non-vested at end of period 1,165,880 $ 26.91

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table sets forth certain financial information with respect to Basic’s disaggregation of revenues by geographic location and type (in thousands): Reportable Segments Completion & Remedial Services Well Servicing Water Logistics Contract Drilling Total Three Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 32,865 $ 31,046 $ 31,648 $ 3,598 $ 99,157 ArkLaTex & Mid-Continent 52,549 17,377 10,912 — 80,838 Rocky Mountain 31,628 7,546 9,189 — 48,363 Texas Gulf Coast — 6,636 9,156 — 15,792 Eastern USA 652 1,089 — — 1,741 West Coast — 8,341 — — 8,341 Corporate (Intercompany) (1,716) (4,789) (1,366) (27) (7,898) Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Major Products/service lines Pumping Equipment $ 72,924 $ — $ — $ — $ 72,924 Well Servicing — 55,098 — — 55,098 Transport/Vacuum — — 35,889 — 35,889 Coiled Tubing 17,328 — — — 17,328 RAFT 23,511 — — — 23,511 Plugging — 6,685 — — 6,685 Production and Disposal Facilities — — 6,158 — 6,158 Hot Oiler — — 4,696 — 4,696 Other 2,215 5,463 12,796 3,571 24,045 Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Timing of revenue recognition Products transferred at a point in time $ — $ 2,601 $ — $ — $ 2,601 Products and services transferred over time 115,978 64,645 59,539 3,571 243,733 Total $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ 246,334 Three Months Ended Sep 30, 2017 Primary Geographical Markets Permian Basin 37,714 23,259 27,327 2,941 91,241 ArkLaTex & Mid-Continent 49,659 15,080 9,690 — 74,429 Rocky Mountain 35,062 6,428 8,295 — 49,785 Texas Gulf Coast 910 6,804 8,117 — 15,831 Eastern USA 1,901 2,522 — — 4,423 West Coast — 7,454 — — 7,454 Corporate (1,596) (6,918) (1,096) (93) (9,703) Total 123,650 54,629 52,333 2,848 233,460 Major Products/service lines Pumping Equipment 75,503 — — — 75,503 Well Servicing — 46,062 — — 46,062 Transport/Vacuum — — 33,021 — 33,021 Coiled Tubing 26,358 — — — 26,358 RAFT 17,833 — — — 17,833 Plugging — 6,138 — — 6,138 Production and Disposal Facilities — — 5,297 — 5,297 Hot Oiler — — 4,139 — 4,139 Other 3,956 2,429 9,876 2,848 19,109 Total 123,650 54,629 52,333 2,848 233,460 Timing of revenue recognition Products transferred at a point in time — — — — — Products and services transferred over time 123,650 54,629 52,333 2,848 233,460 Total 123,650 54,629 52,333 2,848 233,460 Completion & Remedial Services Well Servicing Water Logistics Contract Drilling Total Nine Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 114,354 $ 88,423 $ 94,302 $ 9,220 $ 306,299 ArkLaTex & Mid-Continent 157,993 41,327 33,234 — 232,554 Rocky Mountain 88,615 20,681 25,798 — 135,094 Texas Gulf Coast 1,037 21,289 26,644 — 48,970 Eastern USA 3,609 5,560 — — 9,169 West Coast — 22,520 — — 22,520 Corporate (Intercompany) (5,085) (10,612) (4,251) (290) (20,238) Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Major Products/service lines Pumping Equipment $ 232,229 $ — $ — $ — $ 232,229 Well Servicing — 157,766 — — 157,766 Transport/Vacuum — — 107,932 — 107,932 Coiled Tubing 52,487 — — — 52,487 RAFT 66,153 — — — 66,153 Plugging — 19,219 — — 19,219 Production and Disposal Facilities — — 17,853 — 17,853 Hot Oiler — — 15,084 — 15,084 Other 9,654 12,203 34,858 8,930 65,645 Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Timing of revenue recognition Products transferred at a point in time $ — $ 3,331 $ — $ — $ 3,331 Products and services transferred over time 360,523 185,857 175,727 8,930 731,037 Total $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ 734,368 Nine Months Ended September 30, 2017 Primary Geographical Markets Permian Basin 106,620 68,333 83,469 8,016 266,438 ArkLaTex & Mid-Continent 124,827 40,259 27,684 — 192,770 Rocky Mountain 78,488 19,025 23,176 — 120,689 Texas Gulf Coast 2,170 21,600 23,386 — 47,156 Eastern USA 4,110 5,591 — — 9,701 West Coast — 18,912 — — 18,912 Corporate (Intercompany) (4,749) (17,418) (4,436) (288) (26,891) Total 311,466 156,302 153,279 7,728 628,775 Major Products/service lines Pumping Equipment 196,276 — — — 196,276 Well Servicing — 130,142 — — 130,142 Transport/Vacuum — — 96,088 — 96,088 Coiled Tubing 58,010 — — — 58,010 RAFT 47,166 — — — 47,166 Plugging — 19,035 — — 19,035 Production and Disposal Facilities — — 14,990 — 14,990 Hot Oiler — — 13,484 — 13,484 Other 10,014 7,125 28,717 7,728 53,584 Total 311,466 156,302 153,279 7,728 628,775 Timing of revenue recognition Products transferred at a point in time — 577 — — 577 Products and services transferred over time 311,466 155,725 153,279 7,728 628,198 Total 311,466 156,302 153,279 7,728 628,775

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss Per Share	The following table sets forth the computation of unaudited basic and diluted loss per share (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net loss $ (27,336) $ (13,845) $ (97,921) $ (76,413) Denominator: Denominator for basic and diluted loss per share 26,509,944 26,001,062 26,430,681 26,000,326 Basic loss per common share: $ (1.03) $ (0.53) $ (3.70) $ (2.94) Diluted loss per common share: $ (1.03) $ (0.53) $ (3.70) $ (2.94)

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Financial Information with Respect to Reportable Segments	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 Three Months Ended September 30, 2018 (Unaudited) Operating revenues $ 115,978 $ 67,246 $ 59,539 $ 3,571 $ — $ 246,334 Direct operating costs (89,777) $ (55,106) $ (42,785) $ (2,731) $ — (190,399) Segment profits $ 26,201 $ 12,140 $ 16,754 $ 840 $ — $ 55,935 Depreciation and amortization $ 16,563 $ 6,533 $ 7,214 $ 314 $ 2,130 $ 32,754 Capital expenditures (excluding acquisitions) $ 10,664 $ 4,921 $ 6,710 $ 43 $ 804 $ 23,142 Three Months Ended September 30, 2017 (Unaudited) Operating revenues $ 123,650 $ 54,629 $ 52,333 $ 2,848 $ — $ 233,460 Direct operating costs (84,481) $ (43,219) $ (41,281) $ (2,547) $ — (171,528) Segment profits $ 39,169 $ 11,410 $ 11,052 $ 301 $ — $ 61,932 Depreciation and amortization $ 13,860 $ 5,319 $ 7,703 $ 495 $ 2,101 $ 29,478 Capital expenditures (excluding acquisitions) $ 11,285 $ 6,884 $ 10,055 $ 12 $ 672 $ 28,908 Nine Months Ended September 30, 2018 (Unaudited) Operating revenues $ 360,523 $ 189,188 $ 175,727 $ 8,930 $ — $ 734,368 Direct operating costs (279,963) $ (152,977) $ (127,716) $ (7,017) $ — (567,673) Segment profits $ 80,560 $ 36,211 $ 48,011 $ 1,913 $ — $ 166,695 Depreciation and amortization $ 45,638 $ 18,196 $ 22,978 $ 1,097 $ 6,241 $ 94,150 Capital expenditures (excluding acquisitions) $ 32,002 $ 17,227 $ 17,488 $ 553 $ 1,558 $ 68,828 Identifiable assets $ 245,273 $ 105,287 $ 115,803 $ 5,203 $ 307,404 $ 778,970 Nine Months Ended September 30, 2017 (Unaudited) Operating revenues $ 311,466 $ 156,302 $ 153,279 $ 7,728 $ — $ 628,775 Direct operating costs (232,932) $ (125,931) $ (124,399) $ (6,818) $ — (490,080) Segment profits $ 78,534 $ 30,371 $ 28,880 $ 910 $ — $ 138,695 Depreciation and amortization $ 38,013 $ 14,589 $ 21,127 $ 1,357 $ 5,760 $ 80,846 Capital expenditures (excluding acquisitions) $ 69,342 $ 20,377 $ 26,392 $ 30 $ 1,920 $ 118,061 Identifiable assets $ 263,407 $ 107,511 $ 135,338 $ 8,643 $ 346,246 $ 861,145
Reconciliation of Segment Profits to Consolidated Operating Loss	The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Segment profits $ 55,935 $ 61,932 $ 166,695 $ 138,695 General and administrative expenses 39,599 39,235 132,038 109,478 Depreciation and amortization 32,754 29,478 94,150 80,846 (Gain) loss on disposal of assets 191 26 3,891 (664) Operating loss $ (16,609) $ (6,807) $ (63,384) $ (50,965)

Supplemental Schedule of Cash_2

Supplemental Schedule of Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Non-Cash Financing and Investing Activity	The following table reflects non-cash financing and investing activity during the following periods (in thousands): Nine Months Ended September 30, 2018 2017 (In thousands) Change in assets held-for sale $ 6,495 $ 2,799 Asset retirement obligation additions $ (148) $ (30)

Basis of Presentation and Nat_3

Basis of Presentation and Nature of Operations (Details) - USD ($)	Oct. 02, 2018	Sep. 30, 2018	Apr. 11, 2018	Dec. 31, 2017	Oct. 27, 2017	Sep. 30, 2017
Debt Instrument [Line Items]
Cash and cash equivalents		$ 30,847,000		$ 38,520,000		$ 43,168,000
Restricted cash		44,997,000		47,703,000		$ 47,680,000
Subsequent Event
Debt Instrument [Line Items]
Repayment of debt, penalty	$ 17,500,000
Senior Notes | Subsequent Event
Debt Instrument [Line Items]
Aggregate principal amount	$ 300,000,000
Stated interest rate	10.75%
Debt discount percentage	99.042%
ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		150,000,000	$ 150,000,000		$ 120,000,000
Line of credit borrowings		$ 90,000,000		$ 64,000,000
ABL Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 30,847	$ 38,520	$ 43,168
Restricted cash	44,997	47,703	47,680
Total cash, cash equivalents and restricted cash	$ 75,844	$ 86,223	$ 90,848	$ 101,304

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 651,780	$ 608,720
Less accumulated depreciation and amortization	186,227	106,141
Property and equipment, net	465,553	502,579
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	21,442	21,217
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	40,524	40,043
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	120,424	113,657
Frac equipment/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	122,464	111,172
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	101,539	116,127
Water logistics equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	78,888	79,711
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	57,947	51,363
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	62,366	34,643
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	25,399	19,869
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	11,508	10,967
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,986	4,092
Construction equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	355	2,338
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	3,107	2,704
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 831	$ 817

Property and Equipment - Narrat

Property and Equipment - Narrative (Details)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Capital lease obligation period	5 years

Property and Equipment - Prop_2

Property and Equipment - Property and Equipment and Related Accumulated Amortization Under Capital Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 112,435	$ 109,905
Less accumulated amortization	32,812	18,445
Property and equipment under capital lease, net	79,623	91,460
Pumping equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	53,979	56,225
Water logistics equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	38,824	40,097
Light vehicles
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	17,431	12,160
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	323	783
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	233	262
Construction and other equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	667	378
Rental equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 978	$ 0

Property and Equipment - Amorti

Property and Equipment - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Lease amortization expense	$ 7,287	$ 5,657	$ 21,649	$ 13,245

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,458	$ 3,458
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,410	$ 3,410
Amortization period of intangible assets	15 years

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,458	$ 3,458
Less accumulated amortization	415	237
Intangible assets subject to amortization, net	3,043	3,221
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	3,410	3,410
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 48	$ 48

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible amortization expense	$ 60	$ 60	$ 178	$ 178

Long-Term Debt and Interest E_3

Long-Term Debt and Interest Expense - Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Capital leases and other notes	$ 74,604	$ 100,615
Unamortized discounts, premiums, and deferred financing costs	(8,154)	(11,901)
Total principal amount of debt instruments, net	317,738	315,239
Less current portion	39,419	55,997
Long-term debt	278,319	259,242
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	161,288	162,525
ABL Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 90,000	$ 64,000

Long-Term Debt and Interest E_4

Long-Term Debt and Interest Expense - Unamortized Discounts (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 127	$ 166
Total unamortized discounts and deferred financing costs	8,154	11,901
Capital Leases - Short-term
Debt Instrument [Line Items]
Unamortized discount	658	1,657
Capital Leases - Long-term
Debt Instrument [Line Items]
Unamortized discount	0	891
Term Loan
Debt Instrument [Line Items]
Unamortized discount	$ 7,369	$ 9,187

Long-Term Debt and Interest E_5

Long-Term Debt and Interest Expense - Narrative (Details) - USD ($)	Oct. 02, 2018	Sep. 30, 2018	Sep. 14, 2018	Sep. 13, 2018	Apr. 11, 2018	Dec. 31, 2017	Oct. 27, 2017
Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	$ 290,000,000
Senior Notes | Subsequent Event
Debt Instrument [Line Items]
Aggregate principal amount	$ 300,000,000
Stated interest rate	10.75%
Debt discount percentage	99.042%
Debt yield	11.00%
ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 150,000,000			$ 150,000,000		$ 120,000,000
Borrowing base availability reserve			$ 12,500,000	$ 10,000,000
Borrowing base availability reserve, percent			12.50%	10.00%
Letters of credit outstanding		39,800,000
Long-term debt, gross		$ 90,000,000				$ 64,000,000
ABL Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000
Maximum capacity for base rate protective advances	10,000,000
ABL Facility | Subsequent Event | Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
ABL Facility | Subsequent Event | Swingline Loans
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000

Long-Term Debt and Interest E_6

Long-Term Debt and Interest Expense - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Disclosure [Abstract]
Cash payments for interest	$ 8,266	$ 7,611	$ 24,408	$ 16,919
Commitment and other fees paid	1,338	0	3,141	187
Amortization of debt issuance costs and discounts	1,181	1,850	4,295	5,731
Change in accrued interest	56	57	3,046	4,934
Capitalized interest	0	(660)	0	(660)
Other	55	34	95	70
Interest expense	$ 10,896	$ 8,892	$ 34,985	$ 27,181

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value Hierarchy, Level 3 - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loan	$ 153,918	$ 153,338
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term Loan	$ 154,236	$ 162,052

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Loss Contingencies [Line Items]
Self insurance deductible for workers compensation			$ 4,000,000
Sales and use tax audit, accrual	$ 6,000,000		6,000,000
Interest expense	10,896,000	$ 8,892,000	34,985,000	$ 27,181,000
Self insurance deductible for general liability claims			1,000,000
Self insurance deductible for automobile liability			1,000,000
Self insurance deductible for medical coverage			425,000
Self-insured risk accruals	31,500,000		31,500,000		$ 30,300,000
Medical and dental coverage receivable	29,000		29,000		$ 971,000
Sales and Use Tax Audit
Loss Contingencies [Line Items]
Interest expense			1,500,000
Sales and Use Tax Audit | Minimum
Loss Contingencies [Line Items]
Sales and use tax, estimate of possible liability	6,000,000		6,000,000
Sales and Use Tax Audit | Maximum
Loss Contingencies [Line Items]
Sales and use tax, estimate of possible liability	$ 24,000,000		$ 24,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	1 Months Ended	2 Months Ended	9 Months Ended
	Feb. 28, 2018	Aug. 31, 2018	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)			551,650
Performance Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)	203,625	81,000
Share-based payment vesting period	3 years	3 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)	203,625	15,000
Share-based payment vesting period	3 years	3 years

Incentive Plan - Compensation A

Incentive Plan - Compensation Activity Related to the Management Incentive Plan (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 5,570	$ 21,995
Unrecognized compensation expense	22,712	22,712
Fair value of share based awards vested		5,842
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	4,775	18,533
Unrecognized compensation expense	18,465	$ 18,465
Weighted average remaining life		1 year 6 months
Fair value of share based awards vested		$ 5,842
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	795	3,462
Unrecognized compensation expense	$ 4,247	$ 4,247
Weighted average remaining life		8 years 3 months 18 days
Fair value of share based awards vested		$ 0

Incentive Plan - Narrative (Det

Incentive Plan - Narrative (Details) - shares	May 21, 2018	Feb. 08, 2018	Mar. 15, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised (in shares)				0	0
Granted during period (in shares)				551,650
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiration period				10 years
Vesting period				3 years
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 months
Granted during period (in shares)	48,400
Phantom Restricted Stock Awards | March, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Shares issued (in shares)		82,170
Phantom Restricted Stock Awards | March, 2017 | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Phantom Restricted Stock Awards | March, 2017 | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Phantom Restricted Stock Awards | March, 2017 | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Options Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Number of Options Granted
Outstanding, beginning of period (in shares)	654,016
Options granted (in shares)	0
Options forfeited (in shares)	(25,898)
Options exercised (in shares)	0	0
Outstanding, end of period (in shares)	608,688
Exercisable, end of period, number of options granted (in shares)	254,728
Vested or expected to vest, end of period, number of options granted (in shares)	405,764
Weighted Average Exercise Price
Outstanding, beginning of period (dollars per share)	$ 39.23
Options granted (dollars per share)	0
Options forfeited (dollars per share)	39.23
Options exercised (dollars per share)	0
Outstanding, end of period (dollars per share)	39.23
Exercisable, end of period (dollars per share)	39.23
Vested or expected to vest, end of period (dollars per share)	$ 39.23
Weighted Average Remaining Contractual Term
Outstanding, end of period	8 years 3 months 18 days
Exercisable, end of period	8 years 3 months 18 days
Vested or expected to vest, end of period	8 years 3 months 18 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 Stock Units (Details)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Number of Shares
Nonvested at beginning of period (in shares) | shares	1,097,010
Granted during period (in shares) | shares	551,650
Vested during period (in shares) | shares	(405,864)
Forfeited during period (in shares) | shares	(76,916)
Nonvested at end of period (in shares) | shares	1,165,880
Weighted Average Grant Date Fair Value Per Share
Nonvested at beginning of period (dollars per share) | $ / shares	$ 36.35
Granted during period (dollars per share) | $ / shares	14.11
Vested during period (dollars per share) | $ / shares	34.66
Forfeited during period (dollars per share) | $ / shares	28.89
Nonvested at end of period (dollars per share) | $ / shares	$ 26.91

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 156,165,000	$ 148,444,000
Contract assets	1,900,000	2,400,000
Contract liabilities	2,600,000	0
Deferred contract costs	$ 0	$ 0

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 246,334	$ 233,460	$ 734,368	$ 628,775
Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,601	0	3,331	577
Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	243,733	233,460	731,037	628,198
Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	72,924	75,503	232,229	196,276
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	55,098	46,062	157,766	130,142
Transport/Vaccuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	35,889	33,021	107,932	96,088
Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,328	26,358	52,487	58,010
Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	23,511	17,833	66,153	47,166
Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,685	6,138	19,219	19,035
Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,158	5,297	17,853	14,990
Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,696	4,139	15,084	13,484
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	24,045	19,109	65,645	53,584
Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	99,157	91,241	306,299	266,438
ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	80,838	74,429	232,554	192,770
Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	48,363	49,785	135,094	120,689
Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	15,792	15,831	48,970	47,156
Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,741	4,423	9,169	9,701
West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,341	7,454	22,520	18,912
Corporate | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(7,898)	(9,703)	(20,238)	(26,891)
Completion and Remedial Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	115,978	123,650	360,523	311,466
Completion and Remedial Services | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	115,978	123,650	360,523	311,466
Completion and Remedial Services | Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	72,924	75,503	232,229	196,276
Completion and Remedial Services | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Transport/Vaccuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,328	26,358	52,487	58,010
Completion and Remedial Services | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	23,511	17,833	66,153	47,166
Completion and Remedial Services | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,215	3,956	9,654	10,014
Completion and Remedial Services | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	32,865	37,714	114,354	106,620
Completion and Remedial Services | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	52,549	49,659	157,993	124,827
Completion and Remedial Services | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,628	35,062	88,615	78,488
Completion and Remedial Services | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	910	1,037	2,170
Completion and Remedial Services | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	652	1,901	3,609	4,110
Completion and Remedial Services | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion and Remedial Services | Corporate | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(1,716)	(1,596)	(5,085)	(4,749)
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	67,246	54,629	189,188	156,302
Well Servicing | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,601	0	3,331	577
Well Servicing | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	64,645	54,629	185,857	155,725
Well Servicing | Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	55,098	46,062	157,766	130,142
Well Servicing | Transport/Vaccuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,685	6,138	19,219	19,035
Well Servicing | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	5,463	2,429	12,203	7,125
Well Servicing | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,046	23,259	88,423	68,333
Well Servicing | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,377	15,080	41,327	40,259
Well Servicing | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,546	6,428	20,681	19,025
Well Servicing | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,636	6,804	21,289	21,600
Well Servicing | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,089	2,522	5,560	5,591
Well Servicing | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,341	7,454	22,520	18,912
Well Servicing | Corporate | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(4,789)	(6,918)	(10,612)	(17,418)
Water Logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	59,539	52,333	175,727	153,279
Water Logistics | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	59,539	52,333	175,727	153,279
Water Logistics | Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Transport/Vaccuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	35,889	33,021	107,932	96,088
Water Logistics | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,158	5,297	17,853	14,990
Water Logistics | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,696	4,139	15,084	13,484
Water Logistics | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	12,796	9,876	34,858	28,717
Water Logistics | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,648	27,327	94,302	83,469
Water Logistics | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	10,912	9,690	33,234	27,684
Water Logistics | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,189	8,295	25,798	23,176
Water Logistics | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,156	8,117	26,644	23,386
Water Logistics | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Corporate | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(1,366)	(1,096)	(4,251)	(4,436)
Contract Drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	3,571	2,848	8,930	7,728
Contract Drilling | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	3,571	2,848	8,930	7,728
Contract Drilling | Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Transport/Vaccuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	3,571	2,848	8,930	7,728
Contract Drilling | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	3,598	2,941	9,220	8,016
Contract Drilling | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Contract Drilling | Corporate | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ (27)	$ (93)	$ (290)	$ (288)

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Numerator (both basic and diluted):
Net loss	$ (27,336)	$ (13,845)	$ (97,921)	$ (76,413)
Denominator:
Denominator for basic and diluted loss per share (in shares)	26,509,944	26,001,062	26,430,681	26,000,326
Basic loss per common share (in dollars per share)	$ (1.03)	$ (0.53)	$ (3.70)	$ (2.94)
Diluted loss per common share (in dollars per share)	$ (1.03)	$ (0.53)	$ (3.70)	$ (2.94)

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	2,675,264	2,721,720	2,675,264	2,721,720
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	2,675,264	2,721,720	2,675,264	2,721,720
Restricted stock awards and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	86,761	26,700	37,656	12,421

Business Segment Information -

Business Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Operating revenues	$ 246,334	$ 233,460	$ 734,368	$ 628,775
Direct operating costs	(190,399)	(171,528)	(567,673)	(490,080)
Segment profits	55,935	61,932	166,695	138,695
Depreciation and amortization	32,754	29,478	94,150	80,846
Capital expenditures (excluding acquisitions)	23,142	28,908	68,828	118,061
Identifiable assets	778,970	861,145	778,970	861,145	$ 820,480
Corporate and Other
Segment Reporting Information [Line Items]
Operating revenues	0	0	0	0
Direct operating costs	0	0	0	0
Segment profits	0	0	0	0
Depreciation and amortization	2,130	2,101	6,241	5,760
Capital expenditures (excluding acquisitions)	804	672	1,558	1,920
Identifiable assets	307,404	346,246	307,404	346,246
Completion and Remedial Services
Segment Reporting Information [Line Items]
Operating revenues	115,978	123,650	360,523	311,466
Direct operating costs	(89,777)	(84,481)	(279,963)	(232,932)
Completion and Remedial Services | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	115,978	123,650	360,523	311,466
Direct operating costs	(89,777)	(84,481)	(279,963)	(232,932)
Segment profits	26,201	39,169	80,560	78,534
Depreciation and amortization	16,563	13,860	45,638	38,013
Capital expenditures (excluding acquisitions)	10,664	11,285	32,002	69,342
Identifiable assets	245,273	263,407	245,273	263,407
Well Servicing
Segment Reporting Information [Line Items]
Operating revenues	67,246	54,629	189,188	156,302
Direct operating costs	(55,106)	(43,219)	(152,977)	(125,931)
Well Servicing | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	67,246	54,629	189,188	156,302
Direct operating costs	(55,106)	(43,219)	(152,977)	(125,931)
Segment profits	12,140	11,410	36,211	30,371
Depreciation and amortization	6,533	5,319	18,196	14,589
Capital expenditures (excluding acquisitions)	4,921	6,884	17,227	20,377
Identifiable assets	105,287	107,511	105,287	107,511
Water Logistics
Segment Reporting Information [Line Items]
Operating revenues	59,539	52,333	175,727	153,279
Direct operating costs	(42,785)	(41,281)	(127,716)	(124,399)
Water Logistics | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	59,539	52,333	175,727	153,279
Direct operating costs	(42,785)	(41,281)	(127,716)	(124,399)
Segment profits	16,754	11,052	48,011	28,880
Depreciation and amortization	7,214	7,703	22,978	21,127
Capital expenditures (excluding acquisitions)	6,710	10,055	17,488	26,392
Identifiable assets	115,803	135,338	115,803	135,338
Contract Drilling
Segment Reporting Information [Line Items]
Operating revenues	3,571	2,848	8,930	7,728
Direct operating costs	(2,731)	(2,547)	(7,017)	(6,818)
Contract Drilling | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	3,571	2,848	8,930	7,728
Direct operating costs	(2,731)	(2,547)	(7,017)	(6,818)
Segment profits	840	301	1,913	910
Depreciation and amortization	314	495	1,097	1,357
Capital expenditures (excluding acquisitions)	43	12	553	30
Identifiable assets	$ 5,203	$ 8,643	$ 5,203	$ 8,643

Business Segment Information _2

Business Segment Information - Reconciliation of Segment Profits to Consolidated Operating Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting [Abstract]
Segment profits	$ 55,935	$ 61,932	$ 166,695	$ 138,695
General and administrative expenses	39,599	39,235	132,038	109,478
Depreciation and amortization	32,754	29,478	94,150	80,846
(Gain) loss on disposal of assets	191	26	3,891	(664)
Operating loss	$ (16,609)	$ (6,807)	$ (63,384)	$ (50,965)

Supplemental Schedule of Cash_3

Supplemental Schedule of Cash Flow Information - Non-Cash Financing and Investing Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Change in assets held-for-sale	$ 6,495	$ 2,799
Asset retirement obligation additions	$ (148)	$ (30)

Supplemental Schedule of Cash_4

Supplemental Schedule of Cash Flow Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 8,266	$ 7,611	$ 24,408	$ 16,919

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) $ in Millions	Sep. 30, 2018USD ($)
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Operating lease, right-of-use asset	$ 10.1