Basic Energy Services (BASWQ) 10-K 5 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 01, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Trading Symbol	bas
Entity Registrant Name	BASIC ENERGY SERVICES INC
Entity Central Index Key	1,109,189
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,906,690
Entity Public Float			$ 206,658,513

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 90,300	$ 38,520
Restricted cash	0	47,703
Trade accounts receivable, net of allowance of $1,838 and $1,523	144,767	148,444
Accounts receivable - related parties	0	22
Income tax receivable	1,574	1,878
Inventories	36,449	36,403
Prepaid expenses	17,479	22,353
Other current assets	4,640	4,292
Total current assets	295,209	299,615
Property and equipment, net	448,801	502,579
Deferred debt costs, net of amortization	2,747	2,497
Other intangible assets, net of amortization	2,984	3,221
Other assets	12,036	12,568
Total assets	761,777	820,480
Current liabilities:
Accounts payable	98,323	80,518
Accrued expenses	55,826	51,973
Current portion of long-term debt, net of $479 and $1,657 discount at December 31, 2018 and 2017 respectively	27,039	55,997
Other current liabilities	3,123	2,469
Total current liabilities	184,311	190,957
Long-term debt, net of discounts and deferred debt costs of $10,690 and $10,244 at December 31, 2018 and 2017 respectively	322,701	259,242
Deferred tax liabilities	0	78
Other long-term liabilities	35,337	31,550
Total liabilities	542,349	481,827
Stockholders' equity:
Preferred stock, $0.01 par value: 5,000,000 shares authorized; zero outstanding at December 31, 2018 and 2017	0	0
Common stock, $0.01 par value: 80,000,000 shares authorized 26,990,034 and 26,371,572 shares issued and 26,747,712 and 26,219,129 shares outstanding at December 31, 2018 and 2017, respectively	270	264
Additional paid-in capital	464,264	439,517
Retained deficit	(241,271)	(96,674)
Treasury stock, at cost 242,322 and 152,443 shares at December 31, 2018 and 2017	(3,835)	(4,454)
Total stockholders' equity	219,428	338,653
Total liabilities and stockholder's equity	$ 761,777	$ 820,480

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Trade accounts receivable, allowance	$ 1,838	$ 1,523
Current liabilities:
Current portion of long-term debt, discount	479	1,657
Discounts and deferred debt costs, long-term debt	$ 10,690	$ 10,244
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	80,000,000	80,000,000
Common stock, issued (in shares)	26,990,034	26,371,572
Common stock, outstanding (in shares)	26,747,712	26,219,129
Treasury stock (in shares)	242,322	152,443

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Total revenues	$ 964,720	$ 864,041
Expenses:
General and administrative, including stock-based compensation of $27,254 and $22,954 in 2018 and 2017, respectively	167,515	146,458
Depreciation and amortization	126,417	112,209
Loss (gain) on disposal of assets	(2,598)	274
Total expenses	1,037,750	925,391
Operating loss	(73,030)	(61,350)
Other income (expense):
Loss on extinguishment of debt	(26,429)	0
Interest expense	(45,853)	(37,472)
Interest income	364	51
Other income	578	419
Loss before income taxes	(144,370)	(98,352)
Income tax benefit (expense)	(227)	1,678
Net loss	(144,597)	(96,674)
Net loss available to common stockholders	$ (144,597)	$ (96,674)
Loss per share of common stock:
Basic (in dollars per share)	$ (5.46)	$ (3.72)
Diluted (in dollars per share)	$ (5.46)	$ (3.72)
Oil and gas
Revenues:
Total revenues	$ 964,720	$ 864,041
Completion and remedial services
Revenues:
Total revenues	469,456	433,450
Expenses:
Service expenses	365,775	318,191
Well servicing
Revenues:
Total revenues	250,991	210,811
Expenses:
Service expenses	203,585	169,905
Water logistics
Revenues:
Total revenues	231,283	208,784
Expenses:
Service expenses	166,926	168,621
Contract drilling
Revenues:
Total revenues	12,990	10,996
Expenses:
Service expenses	$ 10,130	$ 9,733

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Expenses:
Stock-based compensation	$ 27,254	$ 22,954

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings (Deficit)
Beginning balance (in shares) at Dec. 31, 2016		26,095,431		96,587
Beginning balance at Dec. 31, 2016	$ 414,408	$ 261	$ 417,624	$ (3,477)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		276,141		(29,398)
Issuances of restricted stock		$ 3	(3)
Amortization of share based compensation	$ 22,954		22,954
Purchase of treasury stock (in shares)	85,254			85,254
Purchase of treasury stock	$ (2,035)		(1,058)	$ (977)
Net loss	(96,674)				(96,674)
Ending balance (in shares) at Dec. 31, 2017		26,371,572		152,443
Ending balance at Dec. 31, 2017	338,653	$ 264	439,517	$ (4,454)	(96,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		618,462		(70,147)
Issuances of restricted stock	3	$ 6	(3)
Amortization of share based compensation	$ 27,254		27,254
Purchase of treasury stock (in shares)	160,026			160,026
Purchase of treasury stock	$ (1,885)		(2,504)	$ 619
Net loss	(144,597)				(144,597)
Ending balance (in shares) at Dec. 31, 2018		26,990,034		242,322
Ending balance at Dec. 31, 2018	$ 219,428	$ 270	$ 464,264	$ (3,835)	$ (241,271)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (144,597)	$ (96,674)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	126,417	112,209
Accretion on asset retirement obligation	212	160
Change in allowance for doubtful accounts	315	1,523
Amortization of deferred financing costs	1,072	194
Amortization of debt discounts (premiums)	4,009	7,264
Debt extinguishment costs	26,429	0
Non-cash compensation	27,254	22,954
Loss (gain) on disposal of assets	(2,598)	274
Deferred income taxes	(78)	78
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	3,384	(41,303)
Inventories	(46)	(712)
Prepaid expenses and other current assets	5,248	(7,065)
Other assets	532	(1,244)
Accounts payable	18,267	25,548
Income tax receivable	305	(607)
Other liabilities	4,361	2,704
Accrued expenses	3,853	644
Net cash provided by operating activities	74,339	25,947
Cash flows from investing activities:
Purchase of property and equipment	(68,709)	(63,361)
Proceeds from sale of assets	17,785	9,814
Net cash used in investing activities	(50,924)	(53,547)
Cash flows from financing activities:
Proceeds from debt	332,500	64,000
Payments of debt	(318,929)	(46,589)
Debt extinguishment costs	(17,607)	0
Change in treasury stock including restricted stock issuances	(1,882)	(2,035)
Deferred loan costs and other financing activities	(13,420)	(2,857)
Net cash (used in) provided by financing activities	(19,338)	12,519
Net (decrease) increase in cash and equivalents	4,077	(15,081)
Cash and cash equivalents - beginning of year	86,223	101,304
Cash and cash equivalents - end of year	90,300	86,223
Noncash investing and financing activity:
Capital leases and notes issued for equipment	20,197	67,510
Change in accrued property and equipment	$ (462)	$ 7,011

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Nature of Operations	Basis of Presentation and Nature of Operations Basic Energy Services, Inc. (“Basic” or the “Company”) provides a wide range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, water logistics, well servicing and contract drilling. These services are primarily provided by Basic’s fleet of equipment. Basic’s operations are concentrated in major United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Kansas, Arkansas, Louisiana, Pennsylvania, West Virginia, Ohio, Wyoming, North Dakota, Colorado, California, Utah, Montana, and Kentucky. Basic’s reportable business segments are Completion and Remedial Services, Water Logistics, Well Servicing, and Contract Drilling. These segments are based on management’s resource allocation and performance assessment in making decisions regarding the Company. On June 28, 2018, the SEC adopted amendments that expanded the definition of “smaller reporting company” by increasing the applicable public float and revenue thresholds. Under the amended definition, which became effective on September 10, 2018, a company will qualify as a smaller reporting company if it (i) has a public float of less than $250 million at the end of its most recently completed second fiscal quarter or (ii) less than $100 million in annual revenues and either no public float or a public float of less than $700 million. Based on our public float (the aggregate market value of our common equity held by non-affiliates) as of June 29, 2018, we are considered a smaller reporting company under the revised SEC rules and, as such, are eligible to use certain scaled financial and non-financial disclosure requirements. Smaller reporting companies may elect to comply with the scaled reporting requirements separately, thereby permitting us to choose such disclosure requirements on an item-by-item basis. While we opted to continue our larger company disclosures consistent with past practices in certain areas, we have elected to include two years of audited financial statement information consistent with the smaller reporting company requirements.

Emergence from Chapter 11 and F

Emergence from Chapter 11 and Fresh Start Accounting in 2016	12 Months Ended
	Dec. 31, 2018
Reorganizations [Abstract]
Emergence from Chapter 11 and Fresh Start Accounting in 2016	Emergence from Chapter 11 and Fresh Start Accounting in 2016On October 25, 2016, Basic and certain of its subsidiaries (collectively with Basic, the “Debtors”) filed voluntary petitions (the cases commenced thereby, the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) on October 25, 2016 in the United States Bankruptcy Court for the District of Delaware (the “Court”). On December 9, 2016, the Court entered an order (the “Confirmation Order”) approving the First Amended Joint Prepackaged Chapter 11 Plan of Basic Energy Services, Inc. and its Affiliated Debtors (as confirmed, the “Prepackaged Plan”). On December 23, 2016 (the “Effective Date”), the Prepackaged Plan became effective pursuant to its terms and the Debtors emerged from their Chapter 11 Cases.In connection with the Company’s emergence from Chapter 11, on the Effective Date, the Company applied the provisions of fresh start accounting, pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 852, Reorganizations, (“ASC 852”), to its consolidated financial statements.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	12 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Basic considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Basic maintains its excess cash in various financial institutions, where deposits may exceed federally insured amounts at times. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows (in thousands): December 31, 2018 2017 Cash and cash equivalents $ 90,300 $ 38,520 Restricted cash — 47,703 Total cash, cash equivalents and restricted cash $ 90,300 $ 86,223 The Company’s restricted cash at December 31, 2017 included cash balances which were legally or contractually restricted to use. The Company’s restricted cash was included in current assets as of December 31, 2017 and the restriction was due to cash collateralized insurance reserves.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic, 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 accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management uses historical and other pertinent information to determine these estimates. Actual results could differ from those estimates. Areas where critical accounting estimates are made by management include litigation and self-insured risk reserves. Litigation and Self-Insured Risk Reserves Basic estimates its reserves related to litigation and self-insured risks based on the facts and circumstances specific to the litigation and self-insured claims and its past experience with similar claims. Basic maintains accruals in the consolidated balance sheets to cover self-insurance retentions. Please see Note 8. Commitments and Contingencies for further discussion. Revenue Recognition Basic accounts for revenues under Accounting Standards Codification (ASC) Topic - 606 - Revenue from Contracts with Customers, the core principle of which 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. We adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, adoption of the new standard did not have a significant impact on our consolidated financial statements. Our 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. 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. Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at lower of cost or net realizable value. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method. Accounts Receivable Basic estimates its allowance for losses on accounts receivable based on past collections and expectations for future collections. Basic regularly reviews accounts for collectability. After all collection efforts are exhausted, if the balance is still determined to be uncollectable, the balance is written off. Expense related to the write off of uncollected accounts is recorded in general and administrative expense. Concentrations of Credit Risk Financial instruments, which potentially subject Basic to concentration of credit risk, consist primarily of temporary cash investments and trade receivables. Basic restricts investment of temporary cash investments to financial institutions with high credit standing. Basic’s customer base consists primarily of multi-national and independent oil and natural gas producers. It performs ongoing credit evaluations of its customers but generally does not require collateral on its trade receivables. Credit risk is considered by management to be limited due to the large number of customers comprising its customer base. Basic maintains an allowance for potential credit losses on its trade receivables. Basic did not have any one customer that represented 10% or more of consolidated revenue for 2018 and 2017. Property and Equipment Property and equipment are stated at cost or at estimated fair value at acquisition date if acquired in a business combination or remeasured as a result of fresh start accounting. Expenditures for repairs and maintenance are charged to expense as incurred and additions and improvements that significantly extend the lives of the assets are capitalized. Upon sale or other retirement of depreciable property, the cost and accumulated depreciation and amortization are removed from the related accounts and any gain or loss is reflected in operations. All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Asset Type: Useful Life Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years The components of a well servicing rig generally require replacement or refurbishment during the well servicing rig’s life and are depreciated over their estimated useful lives, which ranges from 3 to 15 years. The costs of the original components of a purchased or acquired well servicing rig are not maintained separately from the base rig. Impairments We perform a review of our asset groups for impairment when, in management’s judgment, events or changes in circumstances indicate that the carrying amount of a long-lived asset may not be recovered over its remaining service life. Impairment is indicated when the sum of the estimated future cash flows, on an undiscounted basis, is less than the asset groups carrying amount. When impairment is identified and fair value is less than carrying value, an impairment charge is recorded to income based on an estimated fair value generally determined based on an estimate of future cash flows on a discounted basis. Intangible Assets Basic’s intangible assets subject to amortization were as follows (in thousands): December 31, 2018 December 31, 2017 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Sub-total 3,458 3,458 Less accumulated amortization 474 237 Intangible assets subject to amortization, net $ 2,984 $ 3,221 Amortization expense for the years ended December 31, 2018 and 2017 was approximately $0.2 million and $0.2 million, respectively. Amortization expense for the next five succeeding years is expected to be as follows (in thousands): Amortization Expense 2019 $ 237 2020 237 2021 237 2022 227 2023 227 Thereafter 1,819 Total $ 2,984 Developed technology are amortized over a 5-year life. Trade names are amortized over 15-year life. Debt Issuance Costs Basic capitalizes certain third-party fees directly related to the issuance of debt and amortizes these costs over the life of the debt using the effective interest method. Debt issuance costs related to our New ABL Facility are presented net of amortization as a non-current asset. Debt issuance costs related to our Senior Secured Notes and Term Loan is presented net of amortization as an offset to the liability. Amortized debt issuance costs are included in interest expense and totaled $1.0 million in 2018 and $0.3 million in 2017. Stock-Based Compensation Basic has historically compensated our directors, executives and employees using a combination of performance and time-based stock option, restricted share, and restricted share unit awards. Basic accounts for share-based payment awards under Accounting Codification Standard 718 - Compensation - Stock Compensation (ASC 718), which requires that the value of the awards is established at the date of the grant and is expensed over the vesting period of the grant. The method of determining the fair value of share-based payments depends on the type of award. Share-based awards that vest over a certain service period with no market conditions are valued at the closing market price on the grant date. Share-based awards that are dependent upon certain market performance and service conditions being met are valued using a Monte Carlo simulation model with model inputs which are determined on the date of the grant. Option grants are valued using the Black-Scholes-Merton model using model inputs which are determined on the date of the grant. Once the per-share fair value on the grant date is established, the aggregate expense of the grant is recognized on a straight-line basis over the vesting period of the grant. Asset Retirement Obligations Basic is required to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets and capitalize an equal amount as a cost of the asset depreciating it over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each quarter to reflect the passage of time, changes in the estimated future cash flows underlying the obligation, acquisition or construction of assets, and settlements of obligations. Basic has asset retirement obligations related to our saltwater disposal facilities. Environmental Basic is subject to extensive federal, state and local environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require Basic to remove or mitigate the adverse environmental effects of disposal or release of petroleum, chemical and other substances at various sites. Environmental expenditures are expensed or capitalized depending on the future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable and the costs can be reasonably estimated. Income Taxes We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event we were to determine that we would be able to realize our deferred income tax assets in the future in excess of their net recorded amount, we would make an adjustment to the valuation allowance which would reduce the provision for income taxes. 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 new standard requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfer to a customer. The substantial majority of our services are performed over time, with revenue being recognized at the time of performance, and this is unchanged. As such, the effect of applying the new guidance to our existing contracts did not result in material modifications to our current revenue recognition, or effect earnings in 2018 (and comparative periods previously reported) and in the early years after adoption. We do not incur significant contract costs, which would be required to be amortized over the life of a contract under the new rules. We adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, adoption of the new standard did not have a significant impact on our consolidated financial statements. In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases ; and ASU No. 2018-11, Targeted Improvements . The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for us on January 1, 2019. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application and used the effective date as our date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The new standard provides a number of optional practical expedients in transition. The package of practical expedients, the use of hindsight, and the land easement practical expedient may each be elected on its own or with either or both of the other practical expedients. The package of practical expedients must be elected entirely or not at all. We expect to elect the ‘package of practical expedients’, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We expect that this standard will have a material effect on our balance sheet. While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our balance sheet for our office and equipment and real estate operating leases; and providing significant new disclosures about our leasing activities. On adoption, we currently expect to recognize additional operating liabilities ranging from $16 million to $24 million, with corresponding ROU assets of the same amount based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases. 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 were applied using a retrospective transition method and effective for reporting periods beginning after December 15, 2017. Basic adopted this standard as of January 1, 2018, resulting in a change in beginning cash on the cash flow statement of $47.7 million for 2018 and $2.4 million for 2017.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the components of property and equipment (in thousands): December 31, December 31, Property and Equipment: 2018 2017 Land $ 21,431 $ 21,217 Buildings and improvements 40,524 40,043 Well service units and equipment 122,694 113,657 Fracturing/test tanks 123,550 111,172 Pumping equipment 103,689 116,127 Fluid services equipment 78,524 79,711 Disposal facilities 63,229 51,363 Contract drilling equipment 9,846 10,967 Rental equipment 62,642 34,643 Light vehicles 27,080 19,869 Software 857 817 Other 4,257 4,092 Construction equipment — 2,338 Brine and fresh water stations 3,296 2,704 Sub-total 661,619 608,720 Less accumulated depreciation and amortization (212,818) (106,141) Property and equipment, net $ 448,801 $ 502,579 Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five December 31, December 31, Property and Equipment: 2018 2017 Fluid services equipment $ 35,034 $ 40,097 Pumping equipment 48,929 56,225 Light vehicles 18,376 12,160 Contract drilling equipment 314 783 Well service units and equipment 199 262 Construction equipment — 378 Sub-total 102,852 109,905 Less accumulated amortization (31,954) (18,445) Property and equipment, net $ 70,898 $ 91,460 Amortization of assets held under capital leases of approximately $27.9 million and $20.4 million for the years ended December 31, 2018 and 2017, respectively, is included in depreciation and amortization expense in the consolidated statements of operations, payments of leases are included in balance sheet and cash flow statement as a reduction of debt.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands): December 31, 2018 December 31, 2017 10.75% Senior Notes due 2023 $ 300,000 $ — Term Loan — 162,525 ABL Credit Facility — 64,000 Capital leases and other notes 60,909 100,615 Unamortized discount and deferred debt costs (11,169) (11,901) Total long-term debt 349,740 315,239 Less current portion 27,039 55,997 Total non-current portion of long-term debt $ 322,701 $ 259,242 Debt Discounts The following discounts on debt represent the unamortized discount to fair value of prior Amended and Restated Term Loan Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): December 31, 2018 December 31, 2017 Unamortized discount on Term Loan $ — $ 9,187 Unamortized discount on Senior Notes 2,731 — Unamortized discount on Capital Leases - short-term 479 1,657 Unamortized discount on Capital Leases - long-term — 891 Unamortized deferred debt issuance costs 7,959 166 Total $ 11,169 $ 11,901 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 are 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 Amended and Restated Term Loan Agreement, to repay the Company’s outstanding borrowings under the Prior ABL Facility, and for general corporate purposes. Indenture The Company’s Senior Notes were issued under and are governed by an indenture, dated as of October 2, 2018 (the “Indenture”), by and among the Company, the guarantors named therein (the “Guarantors”), and UMB Bank, N.A. as Trustee and Collateral Agent (the “Trustee”). The Senior Notes are jointly and severally, fully and unconditionally guaranteed (the “Guarantees”) on a senior secured basis by the Guarantors and are secured by first priority liens on substantially all of the Company’s and the Guarantors’ assets, other than accounts receivable, inventory and certain related assets. The Indenture contains covenants that limit the ability of the Company and certain subsidiaries to: • incur additional indebtedness or issue preferred stock; • pay dividends or make other distributions to our stockholders; • repurchase or redeem capital stock or subordinated indebtedness and certain refinancings thereof; • make certain investments; • incur liens; • enter into certain types of transactions with affiliates; • limit dividends or other payments by restricted subsidiaries to the Company; and • sell assets or consolidate or merge with or into other companies. These limitations are subject to a number of important qualifications and exceptions. Upon an Event of Default (as defined in the Indenture), the Trustee or the holders of at least 25% in aggregate principal amount of the outstanding Senior Notes may declare the entire principal of, premium, if any, and accrued and unpaid interest, if any, on all the Senior Notes to be due and payable immediately. At any time on or prior to October 15, 2020, the Company may redeem up to 35% of the aggregate principal amount of the Senior Notes at a redemption price equal to 110.750% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, with an amount of cash not greater than the net proceeds from certain equity offerings. At any time prior to October 15, 2020, the Company may redeem the Senior Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Senior Notes plus a “make-whole” premium plus accrued and unpaid interest, if any, to the redemption date. The Company may also redeem all or a part of the Senior Notes at any time on or after October 15, 2020, at the redemption prices set forth in the Indenture, plus accrued and unpaid interest, if any, to the redemption date. The Company may redeem all, but not less than all, of the Senior Notes in connection with a company sale transaction, at a redemption price of 105.375% of principal for a company sale that occurs on or after April 15, 2019 and on or before October 15, 2019, or 108.063% of principal amount for a company sale that occurs after October 15, 2019 and before October 15, 2020, in each case plus accrued and unpaid interest, if any, to the redemption date. If the Company experiences a change of control, the Company may be required to offer to purchase the Senior Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, to the purchase date. The Senior Notes and the Guarantees rank equally in right of payment with all of the Company’s and the Guarantors’ existing and future unsubordinated indebtedness, effectively senior to all of the Company’s and the Guarantors’ existing and future indebtedness to the extent of the value of the collateral securing the Senior Notes but junior to other indebtedness that is secured by liens on assets other than collateral for the Senior Notes to the extent of the value of such assets, and senior to all of the Company’s and the Guarantors’ future subordinated indebtedness. Pursuant to a collateral rights agreement, the Senior Notes and Guarantees are secured by first priority liens, subject to limited exceptions, on the collateral securing the Senior Notes, consisting of substantially all of the property and assets now owned or hereafter acquired by the Company and the Guarantors, except for certain excluded property described in the Indenture. New ABL Facility On October 2, 2018, the Company terminated the Prior ABL Facility and Amended and Restated 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 LIBO 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. As of December 31, 2018 Basic had no borrowings and $39.6 million of letters of credit outstanding under the New ABL Facility. Prior ABL Facility On September 29, 2017, Basic entered into a credit facility ( the "Prior ABL Facility") pursuant to (i) a Receivables Transfer Agreement (the “Transfer Agreement”) entered into by and among Basic Energy Services, L.P. (“BES LP”), as the initial originator and Basic Energy Receivables, LLC (the “SPE”), as the transferee and (ii) the Credit Agreement. Under the Transfer Agreement, BES LP was required to sell or contribute, on an ongoing basis, its accounts receivable and related security and interests in the proceeds thereof (the “Transferred Receivables”) to the SPE. The SPE financed a portion of its purchase of the accounts receivable through borrowings, on a revolving basis, of up to $100 million (with the ability to request an increase in the size of the Prior ABL Facility by $50 million) under the Credit Agreement, and such borrowings were secured by the accounts receivable. The SPE financed its purchase of the remaining portion of the accounts receivable by issuing subordinated promissory notes to BES LP and/or by contributing the remaining portion of the accounts receivables in exchange for equity in the SPE in the amount of the purchase price of the receivable not paid in cash. BES LP was responsible for the servicing, administration and collection of the accounts receivable, with all collections going into lockbox accounts. The Company provided a customary guaranty of performance to the administrative agent with respect to certain obligations of BES LP and any successor servicer under the Prior ABL Facility. In connection with entering into the Prior ABL Facility, on September 29, 2017, the Company amended the Amended and Restated Term Loan Agreement to permit, among other things, (i) the acquisition of the Transferred Receivables by the SPE pursuant to the Transfer Agreement, free and clear of the liens under the Amended and Restated Term Loan Agreement and (ii) the transactions contemplated under each of the Transfer Agreement and Credit Agreement. The Company consolidated the SPE, which the Company determined to be a variable interest entity ("VIE"), and all intercompany activity was eliminated upon consolidation. In concluding the SPE was a VIE, the Company determined it is the primary beneficiary of the SPE, as all activities of SPE are for the benefit of the Company. The accounts receivable held at the SPE are used solely to settle the debt obligations of the SPE. Loans under our Prior ABL Facility bore interest at a fluctuating rate equal to (a) the Alternate Base Rate plus 2.25% with respect to ABR Loans or (b) the Adjusted LIBO rate plus 3.25% with respect to Eurodollar Loans (each as defined in the Credit Agreement). A commitment fee equal to .375% per annum was payable on the unused commitments under the Credit Agreement. The loans made pursuant to the Credit Agreement had a maturity date of September 29, 2021. In connection with the closing of its Senior Notes offering, the Company repaid the balances outstanding under the Prior ABL Facility in its entirety and terminated the Prior ABL Facility. Second Amended and Restated Revolving Credit Facility On December 23, 2016, the Company entered into a Second Amended and Restated ABL Credit Agreement (the "Second A&R Credit Agreement") with Bank of America, N.A., as administrative agent for the lenders, a collateral management agent, the swing line lender and a letters of credit issuer, Wells Fargo Bank, National Association, as a collateral management agent and syndication agent, and the financial institutions party thereto, as lenders. Basic terminated this facility on September 29, 2017. Amended and Restated Term Loan Agreement On the Effective Date, the Company entered into an Amended and Restated Term Loan Credit Agreement (the “Amended and Restated Term Loan Agreement”) with a syndicate of lenders and U.S. Bank National Association, as administrative agent for the lenders. On October 2, 2018, in connection with the closing of its Senior Note offering, the Company repaid its outstanding debt (including accrued interest) under the Amended and Restated Term Loan Agreement and terminated the Amended and Restated Term Loan Agreement. The Amended and Restated Term Loan Agreement repayment was made prior to the maturity date defined in the Amended and Restated Term Loan Agreement, and the Company incurred repayment penalties of approximately $17.6 million associated with the repayment. Other Debt Basic has a variety of other capital leases outstanding, which are generally customary in Basic’s business. As of December 31, 2018 the aggregate maturities of debt, including capital leases, for the next five years and thereafter are as follows (in thousands): Period: Debt Capital Leases 2019 $ — $ 27,519 2020 — 19,322 2021 — 10,697 2022 — 3,233 Thereafter 300,000 138 Total $ 300,000 $ 60,909 Basic’s interest expense consisted of the following (in thousands): Years ended December 31, Interest expense: 2018 2017 Cash payments for interest $ 35,088 $ 25,616 Commitment and other fees paid 2,441 442 Amortization of discounts 3,424 7,266 Amortization of deferred debt costs 1,050 261 Change in accrued interest 3,688 4,440 Capitalized interest — (660) Other 162 107 Total interest expense $ 45,853 $ 37,472

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received to sell an asset or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. Fair value is a market based measurement considered from the perspective of a market participant. The Company uses market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation. These inputs can be readily observable, market corroborated, or unobservable. If observable prices or inputs are not available, unobservable prices or inputs are used to estimate the current fair value, often using an internal valuation model. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the item being valued. The Company primarily applies a market approach for recurring fair value measurements using the best available information while utilizing valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company also follows the provisions of ASC Topic 820, Fair Value Measurement , for non-financial assets and liabilities measured at fair value on a non-recurring basis. As it relates to Basic, ASC Topic 820 applies to certain non-financial assets and liabilities as may be acquired in a business combination and thereby measured at fair value; measurements of the fair value of goodwill and measurements of property impairments. There is a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The Company classifies fair value balances based on the observability of those inputs. The three levels of the fair value hierarchy are as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured. Level 3 — Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities approximate fair value due to the short maturities of these instruments. The carrying amount of our Credit Facility in Long-term debt also approximates fair value due to its variable-rate characteristics. December 31, 2018 December 31, 2017 Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value 10.75 % Senior Notes due 2023 1 $ 297,269 $ 257,806 $ — $ — Term Loan 3 $ — $ — $ 153,338 $ 162,052

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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. 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 maintain compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible regulation or liabilities, the unknown timing and extent of the corrective actions which may be required, the determination of Basic’s liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnification. Litigation From time to time, Basic is a party to litigation, or other legal proceedings that Basic considers to be a part of the ordinary course of business. Basic is not currently involved in any legal proceedings that it considers probable or reasonably possible, individually or in the aggregate, to result in a material adverse effect on its financial condition, results of operations or liquidity. 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 appealed 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 $5.5 million, net of payments on the principal, has been recorded in Basic’s financial statements as general and administrative expense and the related interest associated with the taxes of $1.8 million is included in interest expense for the twelve months ended December 31, 2018. This range could potentially change in future periods as the appeals and redetermination process progresses. Operating Leases Basic leases certain property and equipment under non-cancelable operating leases. The terms of the operating leases generally range from 12 to 60 months with varying payment dates throughout each month. As of December 31, 2018, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands): Year ended Period: December 31, 2018 2019 $ 8,179 2020 6,323 2021 5,438 2022 4,696 2023 1,248 Thereafter 1,215 Total $ 27,099 Rent expense approximated $18.4 million and $16.8 million for 2018 and 2017, respectively. Basic leases rights for the use of various brine and fresh water wells and disposal wells ranging in terms from month-to-month up to 99 years. However, the majority of these leases require payments based on a royalty percentage or a volume usage. Employment Agreements Under the Amended and Restated Employment Agreement with T. M. “Roe” Patterson, Chief Executive Officer and President of Basic, initially effective through December 31, 2018, Mr. Patterson was entitled to an annual salary of $700,000, to be adjusted subject to review by the Compensation Committee of the Board. Mr. Patterson's agreement was reconfirmed and extended through 2019. Under this employment agreement, Mr. Patterson is eligible from time to time to receive grants of stock options and other long-term equity incentive compensation under the terms of Basic’s equity compensation plans. In addition, upon a qualified termination of employment, Mr. Patterson would be entitled to three times his annual base salary plus his current annual incentive target bonus for the full year in which the termination of employment occurred. If employment is terminated for certain reasons within the six months preceding or the twelve months following the change of control of the Company, Mr. Patterson would be entitled to a lump sum severance payment equal to three times the sum of his annual base salary plus the higher of (i) his current incentive target bonus for the full year in which the termination of employment occurred or (ii) the highest annual incentive bonus received by him for any of the last three fiscal years. Basic also has entered into employment agreements with various other executive officers. Under these agreements, if the officer’s employment is terminated for certain reasons, he would be entitled to a lump sum severance payment equal to either .75 times to 1.5 times the sum of his annual base salary plus his current annual incentive target bonus for the full year in which the termination occurred. If employment is terminated for certain reasons within the six months preceding or the twelve months following the change of control of the Company, he would be entitled to a lump sum severance payment equal to either 1.0 or 2.0 times the sum of his annual base salary plus the higher of (i) his current incentive target bonus for the full year in which the termination of employment occurred or (ii) the highest annual incentive bonus received by him for any of the last three fiscal years. Self-Insured Risk Accruals Basic is self-insured up to retention limits as it relates to workers’ compensation, general liability claims, and medical and dental coverage of its employees. Basic generally maintains no physical property damage coverage on its rig fleet, with the exception of certain of its 24-hour workover rigs, newly manufactured rigs and pumping services equipment. Basic has deductibles per occurrence for workers’ compensation, general liability claims, and medical and dental coverage of $4.0 million, $1.0 million and $0.4 million, respectively. Basic has a $1.0 million deductible per occurrence for automobile liability. Basic maintains accruals in the accompanying consolidated balance sheets related to self-insurance retentions by using third-party data and claims history. At December 31, 2018, short-term and long-term self-insured risk reserves were $6.7 million and $16.3 million, respectively. At December 31, 2017, short-term and long-term self-insured risk reserves were $6.5 million and $15.9 million, respectively.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses The accrued expenses are as follows (in thousands): Accrued expenses: December 31, 2018 December 31, 2017 Compensation related $ 20,680 $ 20,479 Workers' compensation self-insured risk reserve 6,712 6,528 Health self-insured risk reserve 4,345 3,976 Accrual for receipts 2,729 2,391 Ad valorem taxes 1,617 2,081 Sales tax 2,336 1,873 Insurance obligations 4,786 5,695 Professional fee accrual 1,638 1,581 Fuel accrual 915 989 Accrued interest 10,068 6,380 Total $ 55,826 $ 51,973

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Common Stock Basic had 80,000,000 shares of Basic’s common stock, par value $0.01 per share authorized, 26,990,034 shares issued and 26,747,712 shares outstanding at December 31, 2018. Treasury Stock Basic acquired treasury shares through net share settlements for payment of payroll taxes upon the vesting of restricted stock unit awards. Basic repurchased a total of 160,026 and 85,254 common shares through net share settlements for the years ended December 31, 2018 and 2017 respectively. Preferred Stock At December 31, 2018, Basic had 5,000,000 shares of preferred stock, par value $.01 per share, authorized, of which none was designated, issued or outstanding.

Incentive Plan

Incentive Plan	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plan	Incentive Plan Incentive Plan On the Effective Date, the Basic Energy Services, Inc. Management Incentive Plan (the “MIP”) became effective pursuant to the Prepackaged Plan. The MIP provides for the issuance of incentive awards in the form of stock options, restricted stock, restricted stock units and performance awards denominated in our common stock. The MIP provides for the issuance of up to 3,237,671 shares of common stock. Of these authorized shares, approximately 677,015 shares were available for grant as of December 31, 2018. The board of directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) administers the MIP. The number of shares of common stock authorized under the MIP and the number of shares subject to an award under the MIP, are subject to adjustment in the event of certain recapitalization, reclassification, stock dividend, extraordinary dividend, stock split, reverse stock split or other distribution with respect to our common stock or any merger, reorganization, consolidation, combination, spin-off or other similar corporate change or any other change affecting the common stock. During the years ended December 31, 2018 and 2017, compensation expense related to share-based arrangements under the MIP, including restricted stock, restricted stock units and stock option awards, was approximately $27.3 million and $23.0 million respectively. For compensation expense recognized during the year ended December 31, 2018 and 2017, Basic did not recognize a tax benefit. At December 31, 2018, there was $16.9 million unrecognized compensation related to non-vested share-based compensation arrangements granted under the MIP. That cost is expected to be recognized over a weighted average period of 2.03 years. Expenses described below are for employee awards granted under the MIP. Stock Option Awards On the Effective Date, the Company issued 323,770 restricted stock options having a per share weighted-average fair value and exercise price of $20.97 and $36.55, respectively. The fair value of the options was determined using a Black-Scholes-Merton model with the following assumptions: dividend yield of 0.0% since Basic is currently not paying dividends and there are no plans to pay dividends; risk-free interest rates from 2.21%, based on the rate of U.S. Treasury securities with a term equal to the remaining term of each option; expected and remaining terms of each option of 6 and 10 years, respectively and expected volatility of 60.8%, based on the historical volatility of Basic stock. Once the value of each option was determined, the total fair value of $6.8 million, net of any forfeitures, will be expensed by the Company over the remaining vesting period of each option. In 2017, the Company granted 327,008 performance-based stock options with a fair value at the date of grant of $5.3 million, determined using a Monte Carlo simulation model. All grants are subject to attainment of performance criteria established by the Compensation Committee. All the units granted vest and become exercisable in three equal tranches. The options may vest in a number of stock options, from zero to 150% of the initial award, each having a weighted-average exercise price of $41.90, based on the attainment of certain revenue growth and operating margin targets for the year ending December 31, 2017. The performance was graded at 100%. Each tranche vests in three equal increments annually beginning February 8, 2018. Total expense related to stock options was approximately $4.2 million in 2018 and $3.9 million in 2017. Future expense for all options is expected to be approximately $3.4 million in total over the next fourteen months. Options granted under the MIP expire 10 years from the date they are granted, and generally vest over a period of three years. The following table reflects the summary of stock options outstanding at December 31, 2018: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value Granted Price Term (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 654,016 $ 39.23 Options granted — — Options forfeited (34,530) 39.23 Options exercised — — Options expired (23,750) 39.23 Outstanding, end of period 595,736 39.23 8.07 — Exercisable, end of period 333,501 38.52 8.05 — Vested or expected to vest, end of period 262,235 $ 40.12 8.10 — Restricted Stock Unit Awards A summary of the status of Basic’s non-vested RSU grants at December 31, 2018 and changes during the year ended December 31, 2018 is presented in the following table: Weighted Average Number of Grant Date Fair Restricted Stock Units Value Per Unit Non-vested at beginning of period 279,498 $ 36.42 Granted during period 270,625 16.60 Vested during period (322,736) 32.73 Forfeited during period (36,085) 25.94 Non-vested at end of period 191,302 $ 16.58 In February 2018, Basic granted certain members of management 203,625 restricted stock units, which each vest over a three three three In August 2017, Basic granted certain members of management an aggregate of 16,190 restricted stock units which vest over a two On December 23, 2016, Basic granted certain members of management an aggregate of 809,416 restricted common stock units, one third of which immediately vested on the Effective Date and the remainder vested over a two Valuation of time vesting restricted stock units for all periods presented is equal to the quoted market price for the shares on the date of the grant. The total fair value of time-vesting restricted stock units vested in fiscal 2018, 2017, and 2016 was $1.4 million, $6.7 million, and $9.7 million, respectively and is measured as the quoted market price of the Company’s common stock on the vesting date for the number of shares vested. Performance Stock Unit Awards A summary of the status of Basic’s non-vested performance-based grants at December 31, 2018 and changes during the year ended December 31, 2018 is presented in the following table: Weighted Average Number of Grant Date Fair Performance Stock Units Value Per Unit Non-vested at beginning of period 817,512 $ 36.33 Granted during period 284,625 11.66 Vested during period (358,622) 35.37 Forfeited during period (60,530) 28.21 Non-vested at end of period 682,985 $ 27.27 During fiscal 2018, the Company granted performance-based restricted stock units covering 284,625 shares of common stock having a fair value at the date of grant of $3.3 million, determined using a Monte Carlo simulation model. The performance-based restricted stock units vest subject to attainment of performance criteria established by the Compensation Committee and continuous employment through the vesting date. The 284,625 units may vest in a number of shares from zero to 150% of the award, based on the total shareholder return of Basic’s common stock compared to total shareholder return of a group of peer companies (“TSR”) established by the Compensation Committee for the period from January 1, 2018 to December 31, 2019. The grant will then vest in two During fiscal 2017, the Company granted performance-based restricted stock units covering 817,512 shares of common stock with a fair value at the date of grant of $29.7 million, determined using a Monte Carlo simulation model. The performance-based restricted stock units, vest subject to attainment of performance criteria established by the Compensation Committee. Those units may vest in a number of shares from zero to 150% of the award, based on the total shareholder return of Basic’s common stock compared to total shareholder return of a group of peer companies (“TSR”) established by the Compensation Committee of the board of directors for the period from January 1, 2017 to December 31, 2017. The units were graded at 100% of award and vest annually in three The total fair value of performance-based restricted stock units vested in 2018 was $5.5 million and is measured as the quoted market price of the Company’s common stock on the vesting date for the number of shares vested. Restricted Stock Awards On May 21, 2018, 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 On February 8, 2018, the Compensation Committee approved grants of phantom restricted stock awards to certain key employees. Phantom shares are recorded as a liability at their current market value and are included in other current liabilities. The number of phantom shares issued on February 8, 2018 was 82,350. These grants remain subject to vesting annually in one-third increments over a three Warrant Agreement

Deferred Compensation Plan

Deferred Compensation Plan	12 Months Ended
	Dec. 31, 2018
Deferred Compensation Arrangements [Abstract]
Deferred Compensation Plan	Deferred Compensation PlanIn April 2005, Basic established a deferred compensation plan for certain employees. Participants may defer up to 50% of their salary and 100% of any cash bonuses. Basic may make contributions of 100% of the first 3% of the participants’ deferred pay and 50% of the next 2% of the participants’ deferred pay to a maximum match of $10,000 per year. Employer matching contributions and earnings thereon are subject to a five

Employee 401 (k) Plan

Employee 401 (k) Plan	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Employee 401 (k) Plan	Employee 401 (k) PlanBasic has a 401(k) profit sharing plan that covers substantially all employees.  After one year of employment, employees may contribute up to their base salary not to exceed the annual federal maximum allowed for such plans. At management’s discretion, Basic may make a matching contribution proportional to each employee’s contribution. Employee contributions are fully vested at all times. Employer matching was suspended during 2017 and reinstated at the end of 2018. Employer matching contributions vest immediately. Employer contributions to the 401(k) plan approximated $42,000 in 2018.

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share Basic loss per common share are determined by dividing net loss applicable to common stock by the weighted average number of common shares actually outstanding during the year. Diluted loss per common share is based on the increased number of shares that would be outstanding assuming conversion of dilutive outstanding securities using the “as if converted” method. The following table sets forth the computation of basic and diluted loss per share (in thousands, except share data): Years ended December 31, 2018 2017 Numerator (both basic and diluted): Net loss available to common stockholders $ (144,597) $ (96,674) Denominator: Denominator for basic earnings per share 26,467,417 26,005,870 Denominator for diluted earnings per share 26,467,417 26,005,870 Basic loss per common share: $ (5.46) $ (3.72) Diluted loss per common share: $ (5.46) $ (3.72) The Company has issued potentially dilutive instruments such as unvested restricted stock and common stock options. However, the Company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive. The following shows potentially dilutive instruments: Years ended December 31, 2018 2017 Stock options 595,736 654,016 Warrants 2,066,576 2,066,624 Unvested restricted stock 29,806 16,114 Total 2,692,118 2,736,754

Supplemental Schedule of Cash F

Supplemental Schedule of Cash Flow Information	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Schedule of Cash Flow Information	Supplemental Schedule of Cash Flow Information The following table reflects non-cash activity: Year ended December 31, 2018 2017 (In thousands) Change in assets held for sale $ 1,271 $ 1,848 Asset retirement obligation additions $ (132) $ (90)

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Basic’s reportable business segments are Completion and Remedial Services, Water Logistics, Well Servicing, and Contract Drilling. These segments have been selected based on changes in management’s resource allocation and performance assessment in making decisions regarding the Company. The following is a description of the segments: Completion and Remedial Services: This segment utilizes a fleet of pumping units, air compressor packages specially configured for underbalanced drilling operations, coiled tubing services, nitrogen services, cased-hole wireline units, an array of specialized rental equipment and fishing tools, thru-tubing and snubbing units. The largest portion of this business consists of pumping services focused on cementing, acidizing and fracturing services in niche markets. Water Logistics: This segment utilizes a fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities water treatment and related equipment. Basic employs these assets to provide, transport, store and dispose of a variety of fluids. These services are required in most workover, completion and remedial projects as well as part of daily producing well operations. Also included in this segment are our construction services which provide services for the construction and maintenance of oil and natural gas production infrastructures. Well Servicing: This segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. These services are performed to establish, maintain and improve production throughout the productive life of an oil and natural gas well and to plug and abandon a well at the end of its productive life. Basic’s well servicing equipment and capabilities also facilitate most other services performed on a well. This segment also includes the manufacture and servicing of mobile well servicing rigs. Contract Drilling: This segment utilizes shallow and medium depth rigs and associated equipment for drilling wells to a specified depth for customers on a contract basis. Basic’s management evaluates the performance of its operating segments based on operating revenues and segment profits. Corporate expenses include general corporate expenses associated with managing all reportable operating segments. Corporate assets consist principally of working capital and debt financing costs. The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion and Remedial Well Water Contract Corporate Services Servicing Logistics Drilling and Other Total Year ended December 31, 2018 Operating revenues $ 469,456 $ 250,991 $ 231,283 $ 12,990 $ — $ 964,720 Direct operating costs (365,775) (203,585) (166,926) (10,130) — (746,416) Segment profits 103,681 47,406 64,357 2,860 — 218,304 Depreciation and amortization 60,811 24,501 31,732 1,141 8,232 126,417 Capital expenditures 39,863 22,497 23,491 839 2,216 88,906 Identifiable assets $ 235,040 $ 104,473 $ 112,736 $ 4,064 $ 305,464 $ 761,777 Year ended December 31, 2017 Operating revenues $ 433,450 $ 210,811 $ 208,784 $ 10,996 $ — $ 864,041 Direct operating costs (318,191) (169,905) (168,621) (9,733) — (666,450) Segment profits 115,259 40,906 40,163 1,263 — 197,591 Depreciation and amortization 52,648 20,911 29,210 1,654 7,786 112,209 Capital expenditures 77,514 25,077 32,565 159 2,572 137,887 Identifiable assets $ 258,711 $ 109,138 $ 129,601 $ 7,205 $ 315,825 $ 820,480 The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands): Year ended December 31, 2018 2017 Segment profits $ 218,304 $ 197,591 General and administrative expenses (167,515) (146,458) Depreciation and amortization (126,417) (112,209) Gain (Loss) on disposal of assets 2,598 (274) Operating loss $ (73,030) $ (61,350)

Revenues

Revenues	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Our 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. As of December 31, 2018, accounts receivable related to products and services were $144.8 million. At December 31, 2018, the Company had $1.1 million of contract assets and $855,000 of contract liabilities on our consolidated balance sheet. At December 31, 2017, the Company had $2.4 million of contract assets and no contract liabilities recorded on our 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. Completion & Remedial Services Water Logistics Well Servicing Contract Drilling Total Twelve Months Ended December 31, 2018 Primary Geographical Markets Permian Basin 185,763 125,528 118,634 13,322 443,247 Texas Gulf Coast 1,037 35,074 28,305 — 64,416 ArkLaTex & Mid-Continent 185,367 44,492 53,987 — 283,846 Rocky Mountain 100,601 31,908 27,067 — 159,576 Eastern USA 3,609 — 5,560 — 9,169 West Coast — — 30,342 — 30,342 Corporate (Intercompany) (6,921) (5,719) (12,904) (332) (25,876) Total 469,456 231,283 250,991 12,990 964,720 Major Products/service lines Pumping Equipment 294,227 — — — 294,227 Well Servicing — — 217,812 — 217,812 Transport/Vacuum — 142,222 — — 142,222 Coiled Tubing 68,562 — — — 68,562 RAFT 88,527 — — — 88,527 Plugging — — 25,165 — 25,165 Production and Disposal Facilities — 24,204 — — 24,204 Hot Oiler — 20,613 — — 20,613 Kill Truck — 13,329 — — 13,329 Other 18,140 30,915 8,014 12,990 70,059 Total 469,456 231,283 250,991 12,990 964,720 Timing of revenue recognition Products transferred at a point in time — — 5,938 — 5,938 Products and services transferred over time 469,456 231,283 245,053 12,990 958,782 Total 469,456 231,283 250,991 12,990 964,720 Completion & Remedial Water Logistics Well Servicing Contract Drilling Total Twelve Months Ended December 31, 2017 Primary Geographical Markets Permian Basin $ 169,795 $ 113,010 $ 92,816 $ 11,373 $ 386,994 Texas Gulf Coast 3,139 31,886 27,996 — 63,021 ArkLaTex & Mid-Continent 161,442 37,870 51,402 — 250,714 Rocky Mountain 99,612 32,294 25,167 — 157,073 Eastern USA 6,315 — 7,891 — 14,206 West Coast — — 26,072 — 26,072 Corporate (6,853) (6,276) (20,533) (377) (34,039) Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041 Major Products/service lines Frac Equipment $ 268,840 $ — $ — $ — $ 268,840 Well Servicing — — 175,463 — 175,463 Transport/Vacuum — 130,670 — — 130,670 Coiled Tubing 81,606 — — — 81,606 Rental Tool Revenue 65,807 — — — 65,807 Plugging — — 25,053 — 25,053 Production and Disposal Facilities — 20,485 — — 20,485 Hot Oiler — 18,882 — — 18,882 Kill Truck — 11,929 — — 11,929 Other 17,197 26,818 10,295 10,996 65,306 Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041 Timing of rev rec Products transferred at a point in time $ — $ — $ 599 $ — $ 599 Products and services transferred over time 433,450 208,784 210,212 10,996 863,442 Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the Tax Reform Act was signed into law. The legislation significantly changes U.S. tax law by, among other things, lowering the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. As a result of the decrease in the corporate income tax rate, we revalued our ending net deferred tax assets at December 31, 2017, but did not recognize any incremental income tax expense in 2017 due to the revaluation of the valuation allowance. T he provisional amounts recorded in 2017 related to the remeasurement of deferred taxes, and the reassessment of valuation allowances were finalized during the fourth quarter of 2018 with no significant changes to the amounts previously recognized. Income tax expense (benefit) consists of the following (in thousands): Years ended December 31, 2018 2017 Current: Federal $ — $ (1740) State 305 (16) Total 305 (1756) Deferred: Federal (74) 74 State (4) 4 Total (78) 78 Total income tax expense (benefit) $ 227 $ (1,678) Basic paid no federal income taxes during the years 2018 and 2017. Basic received federal and state tax refunds of $1.1 million during the year ended December 31, 2017, as a result of electing to monetize alternative minimum tax credit carryforwards in lieu of accelerated tax depreciation. Basic has accrued a federal income tax refund of $0.9 million as of the year ended December 31, 2018 as a result of a tax year 2017 election to monetize the remaining alternative minimum tax credit carryforward in lieu of accelerated tax depreciation. Reconciliation between the amount determined by applying the U.S. Federal corporate rate of 21% to income before income taxes (benefit) for the year ended December 31, 2018 and 35% to income before income taxes (benefit) for the year ended December 31, 2017 is as follows (in thousands) : Years ended December 31, 2018 2017 Statutory federal income tax $ (30,318) $ (34,423) Meals and entertainment 707 706 State taxes, net of federal benefit (2,250) (1,662) Valuation allowance 28,167 (54,418) Remeasurement of Federal Deferred Taxes — 87,227 Tax basis adjustments 41 (862) Equity Compensation Shortfall 2,644 — Changes in estimates and other 1,236 1,754 Total $ 227 $ (1,678) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands): December 31, 2018 December 31, 2017 Deferred tax assets: Operating loss carryforward $ 178,657 $ 151,468 Goodwill and intangibles 23,088 26,717 Accrued liabilities 11,804 9,418 Deferred debt costs 1,680 2,432 Deferred compensation 4,028 2902 Receivables allowance 418 348 Asset retirement obligation 589 573 Inventory 265 105 Interest Expense Limitation 10,722 — Valuation Allowances (174,497) (146,330) Total deferred tax assets $ 56,754 $ 47,633 Deferred tax liabilities: Property and equipment (55,901) (46,881) Prepaid expenses (853) (830) Total deferred tax liabilities $ (56,754) $ (47,711) Net deferred tax liability $ — $ (78) Recognized as: Deferred tax liabilities - non-current — (78) Net deferred tax liabilities $ — $ (78) IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes against future U.S. taxable income in the event of a change in ownership. We believe Basic's emergence from Chapter 11 bankruptcy proceedings is considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. The ownership changes, and resulting annual limitation, is not expected to result in the expiration of any net operating losses generated prior to the emergence date. Basic provides a valuation allowance when it is more likely than not that some portion of the deferred tax assets will not be realized. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. Based on this evaluation, as of December 31, 2018, a valuation allowance of approximately $174.5 million has been recorded on the net deferred tax assets for all federal and state tax jurisdictions in order to measure only the portion of the deferred tax asset that more likely than not will be realized. As of December 31, 2017, a valuation allowance of $146.3 million was recorded against the net deferred tax assets not expected to be realized. Interest is recorded in interest expense and penalties are recorded in income tax expense. Basic had no interest or penalties related to an uncertain tax positions during 2018. Basic files federal income tax returns and state income tax returns in Texas and other state tax jurisdictions.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) The following table summarizes results for each of the four quarters in the years ended December 31, 2018 and 2017 (in thousands, except earnings per share data): First Second Third Fourth Quarter Quarter Quarter Quarter Year Year ended December 31, 2018: Total revenues $ 234,666 $ 253,369 $ 246,334 $ 230,351 $ 964,720 Segment profits 53,350 57,411 55,935 51,608 218,304 Net loss $ (30,531) $ (40,054) $ (27,336) $ (46,676) $ (144,597) Loss per share of common stock (a): Basic $ (1.16) $ (1.51) $ (1.03) $ (1.76) $ (5.46) Diluted $ (1.16) $ (1.51) $ (1.03) $ (1.76) $ (5.46) Weighted average common shares outstanding: Basic 26,336 26,444 26,510 26,570 26,467 Diluted 26,336 26,444 26,510 26,570 26,467 Year ended December 31, 2017: Total revenues $ 182,019 $ 213,296 $ 233,460 $ 235,266 $ 864,041 Segment profits 29,905 46,858 61,932 58,896 197,591 Net loss $ (38,626) $ (23,941) $ (13,845) $ (20,262) $ (96,674) Loss per share of common stock (a): Basic $ (1.49) $ (0.92) $ (0.53) $ (0.78) $ (3.72) Diluted $ (1.49) $ (0.92) $ (0.53) $ (0.78) $ (3.72) Weighted average common shares outstanding: Basic 25,999 26,011 26,001 26,049 26,006 Diluted 25,999 26,011 26,001 26,049 26,006 (a) The sum of individual quarterly net loss per share may not agree to the total for the year due to each period's computation being based on the weighted average number of common shares outstanding during such period.

Schedule II - Valuation And Qua

Schedule II - Valuation And Qualifying Accounts	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts Additions Balance at Charged to Charged to Balance at Beginning of Costs and Other Deductions End of Description Period Expenses (a) Accounts (b) (c) Period (in thousands) Year Ended December 31, 2018 Allowance for Bad Debt $ 1,523 $ 4,111 $ — $ (3,796) $ 1,838 Year Ended December 31, 2017 Allowance for Bad Debt $ — $ 369 $ 1,858 $ (704) $ 1523 (a)Charges relate to provisions for doubtful accounts. (b)Reflects the impact of reorganization and recording accounts receivable at fair value. (c)Deductions relate to the expensing of accounts receivable deemed uncollectible.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and Cash Equivalents	Basic considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Basic maintains its excess cash in various financial institutions, where deposits may exceed federally insured amounts at times.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic, for which we hold a majority voting interest. All intercompany transactions and balances have been eliminated.
Estimates, Risks and Uncertainties	Estimates, Risks and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management uses historical and other pertinent information to determine these estimates. Actual results could differ from those estimates. Areas where critical accounting estimates are made by management include litigation and self-insured risk reserves.
Litigation and Self-Insured Risk Reserves	Litigation and Self-Insured Risk Reserves Basic estimates its reserves related to litigation and self-insured risks based on the facts and circumstances specific to the litigation and self-insured claims and its past experience with similar claims. Basic maintains accruals in the consolidated balance sheets to cover self-insurance retentions. Please see Note 8. Commitments and Contingencies for further discussion.
Revenue Recognition	Revenue Recognition Basic accounts for revenues under Accounting Standards Codification (ASC) Topic - 606 - Revenue from Contracts with Customers, the core principle of which 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. We adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, adoption of the new standard did not have a significant impact on our consolidated financial statements. Our 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. 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.
Inventories	Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at lower of cost or net realizable value. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method.
Accounts Receivable	Accounts ReceivableBasic estimates its allowance for losses on accounts receivable based on past collections and expectations for future collections. Basic regularly reviews accounts for collectability. After all collection efforts are exhausted, if the balance is still determined to be uncollectable, the balance is written off. Expense related to the write off of uncollected accounts is recorded in general and administrative expense.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments, which potentially subject Basic to concentration of credit risk, consist primarily of temporary cash investments and trade receivables. Basic restricts investment of temporary cash investments to financial institutions with high credit standing. Basic’s customer base consists primarily of multi-national and independent oil and natural gas producers.
Property and Equipment	Property and Equipment Property and equipment are stated at cost or at estimated fair value at acquisition date if acquired in a business combination or remeasured as a result of fresh start accounting. Expenditures for repairs and maintenance are charged to expense as incurred and additions and improvements that significantly extend the lives of the assets are capitalized. Upon sale or other retirement of depreciable property, the cost and accumulated depreciation and amortization are removed from the related accounts and any gain or loss is reflected in operations. All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Asset Type: Useful Life Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years The components of a well servicing rig generally require replacement or refurbishment during the well servicing rig’s life and are depreciated over their estimated useful lives, which ranges from 3 to 15 years. The costs of the original components of a purchased or acquired well servicing rig are not maintained separately from the base rig.
Impairments	Impairments We perform a review of our asset groups for impairment when, in management’s judgment, events or changes in circumstances indicate that the carrying amount of a long-lived asset may not be recovered over its remaining service life. Impairment is indicated when the sum of the estimated future cash flows, on an undiscounted basis, is less than the asset groups carrying amount. When impairment is identified and fair value is less than carrying value, an impairment charge is recorded to income based on an estimated fair value generally determined based on an estimate of future cash flows on a discounted basis.
Intangible Assets	Developed technology are amortized over a 5-year life. Trade names are amortized over 15-year life.
Debt Issuance Costs	Debt Issuance CostsBasic capitalizes certain third-party fees directly related to the issuance of debt and amortizes these costs over the life of the debt using the effective interest method. Debt issuance costs related to our New ABL Facility are presented net of amortization as a non-current asset. Debt issuance costs related to our Senior Secured Notes and Term Loan is presented net of amortization as an offset to the liability.
Stock-Based Compensation	Stock-Based Compensation Basic has historically compensated our directors, executives and employees using a combination of performance and time-based stock option, restricted share, and restricted share unit awards. Basic accounts for share-based payment awards under Accounting Codification Standard 718 - Compensation - Stock Compensation
Asset Retirement Obligations	Asset Retirement Obligations Basic is required to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets and capitalize an equal amount as a cost of the asset depreciating it over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each quarter to reflect the passage of time, changes in the estimated future cash flows underlying the obligation, acquisition or construction of assets, and settlements of obligations. Basic has asset retirement obligations related to our saltwater disposal facilities.
Environmental	Environmental Basic is subject to extensive federal, state and local environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require Basic to remove or mitigate the adverse environmental effects of disposal or release of petroleum, chemical and other substances at various sites. Environmental expenditures are expensed or capitalized depending on the future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable and the costs can be reasonably estimated.
Income Taxes	Income TaxesWe record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event we were to determine that we would be able to realize our deferred income tax assets in the future in excess of their net recorded amount, we would make an adjustment to the valuation allowance which would reduce the provision for income taxes.
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 new standard requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfer to a customer. The substantial majority of our services are performed over time, with revenue being recognized at the time of performance, and this is unchanged. As such, the effect of applying the new guidance to our existing contracts did not result in material modifications to our current revenue recognition, or effect earnings in 2018 (and comparative periods previously reported) and in the early years after adoption. We do not incur significant contract costs, which would be required to be amortized over the life of a contract under the new rules. We adopted the standard effective January 1, 2018 using the modified retrospective method. Other than additional required disclosures, adoption of the new standard did not have a significant impact on our consolidated financial statements. In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases ; and ASU No. 2018-11, Targeted Improvements . The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for us on January 1, 2019. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application and used the effective date as our date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The new standard provides a number of optional practical expedients in transition. The package of practical expedients, the use of hindsight, and the land easement practical expedient may each be elected on its own or with either or both of the other practical expedients. The package of practical expedients must be elected entirely or not at all. We expect to elect the ‘package of practical expedients’, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We expect that this standard will have a material effect on our balance sheet. While we continue to assess all of the effects of adoption, we currently believe the most significant effects relate to the recognition of new ROU assets and lease liabilities on our balance sheet for our office and equipment and real estate operating leases; and providing significant new disclosures about our leasing activities. On adoption, we currently expect to recognize additional operating liabilities ranging from $16 million to $24 million, with corresponding ROU assets of the same amount based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases. 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 were applied using a retrospective transition method and effective for reporting periods beginning after December 15, 2017. Basic adopted this standard as of January 1, 2018, resulting in a change in beginning cash on the cash flow statement of $47.7 million for 2018 and $2.4 million for 2017.
Fair Value of Financial Instruments	Fair value is the price that would be received to sell an asset or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. Fair value is a market based measurement considered from the perspective of a market participant. The Company uses market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation. These inputs can be readily observable, market corroborated, or unobservable. If observable prices or inputs are not available, unobservable prices or inputs are used to estimate the current fair value, often using an internal valuation model. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the item being valued. The Company primarily applies a market approach for recurring fair value measurements using the best available information while utilizing valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company also follows the provisions of ASC Topic 820, Fair Value Measurement , for non-financial assets and liabilities measured at fair value on a non-recurring basis. As it relates to Basic, ASC Topic 820 applies to certain non-financial assets and liabilities as may be acquired in a business combination and thereby measured at fair value; measurements of the fair value of goodwill and measurements of property impairments. There is a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The Company classifies fair value balances based on the observability of those inputs. The three levels of the fair value hierarchy are as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured. Level 3 — Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities approximate fair value due to the short maturities of these instruments. The carrying amount of our Credit Facility in Long-term debt also approximates fair value due to its variable-rate characteristics.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Reconciliation of cash, cash equivalents and restricted cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows (in thousands): December 31, 2018 2017 Cash and cash equivalents $ 90,300 $ 38,520 Restricted cash — 47,703 Total cash, cash equivalents and restricted cash $ 90,300 $ 86,223

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Estimated Useful Lives of the Assets	All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows: Asset Type: Useful Life Buildings and improvements 20-30 years Well service units and equipment 3-15 years Fluid services equipment 5-10 years Brine and fresh water stations 15 years Fracturing/test tanks 10 years Pumping equipment 5-10 years Construction equipment 3-10 years Contract drilling equipment 3-10 years Disposal facilities 10-15 years Vehicles 3-7 years Rental equipment 2-15 years Software and computers 3 years
Amortizable Intangible Assets	Basic’s intangible assets subject to amortization were as follows (in thousands): December 31, 2018 December 31, 2017 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Sub-total 3,458 3,458 Less accumulated amortization 474 237 Intangible assets subject to amortization, net $ 2,984 $ 3,221
Schedule of Amortization Expense	Amortization expense for the next five succeeding years is expected to be as follows (in thousands): Amortization Expense 2019 $ 237 2020 237 2021 237 2022 227 2023 227 Thereafter 1,819 Total $ 2,984

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Summary of Components of Property and Equipment	The following table summarizes the components of property and equipment (in thousands): December 31, December 31, Property and Equipment: 2018 2017 Land $ 21,431 $ 21,217 Buildings and improvements 40,524 40,043 Well service units and equipment 122,694 113,657 Fracturing/test tanks 123,550 111,172 Pumping equipment 103,689 116,127 Fluid services equipment 78,524 79,711 Disposal facilities 63,229 51,363 Contract drilling equipment 9,846 10,967 Rental equipment 62,642 34,643 Light vehicles 27,080 19,869 Software 857 817 Other 4,257 4,092 Construction equipment — 2,338 Brine and fresh water stations 3,296 2,704 Sub-total 661,619 608,720 Less accumulated depreciation and amortization (212,818) (106,141) Property and equipment, net $ 448,801 $ 502,579
Schedule of Property and Equipment Under Capital Lease	The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above (in thousands): December 31, December 31, Property and Equipment: 2018 2017 Fluid services equipment $ 35,034 $ 40,097 Pumping equipment 48,929 56,225 Light vehicles 18,376 12,160 Contract drilling equipment 314 783 Well service units and equipment 199 262 Construction equipment — 378 Sub-total 102,852 109,905 Less accumulated amortization (31,954) (18,445) Property and equipment, net $ 70,898 $ 91,460

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (in thousands): December 31, 2018 December 31, 2017 10.75% Senior Notes due 2023 $ 300,000 $ — Term Loan — 162,525 ABL Credit Facility — 64,000 Capital leases and other notes 60,909 100,615 Unamortized discount and deferred debt costs (11,169) (11,901) Total long-term debt 349,740 315,239 Less current portion 27,039 55,997 Total non-current portion of long-term debt $ 322,701 $ 259,242
Schedule of Unamortized Debt Discounts	The following discounts on debt represent the unamortized discount to fair value of prior Amended and Restated Term Loan Agreement and the short-term and long-term portions of the fair value discount of capital leases (in thousands): December 31, 2018 December 31, 2017 Unamortized discount on Term Loan $ — $ 9,187 Unamortized discount on Senior Notes 2,731 — Unamortized discount on Capital Leases - short-term 479 1,657 Unamortized discount on Capital Leases - long-term — 891 Unamortized deferred debt issuance costs 7,959 166 Total $ 11,169 $ 11,901
Debt Maturities Including Capital Leases	As of December 31, 2018 the aggregate maturities of debt, including capital leases, for the next five years and thereafter are as follows (in thousands): Period: Debt Capital Leases 2019 $ — $ 27,519 2020 — 19,322 2021 — 10,697 2022 — 3,233 Thereafter 300,000 138 Total $ 300,000 $ 60,909
Schedule of Interest Expense	Basic’s interest expense consisted of the following (in thousands): Years ended December 31, Interest expense: 2018 2017 Cash payments for interest $ 35,088 $ 25,616 Commitment and other fees paid 2,441 442 Amortization of discounts 3,424 7,266 Amortization of deferred debt costs 1,050 261 Change in accrued interest 3,688 4,440 Capitalized interest — (660) Other 162 107 Total interest expense $ 45,853 $ 37,472

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Carrying Amount and Fair Value of Financial Instruments	December 31, 2018 December 31, 2017 Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value 10.75 % Senior Notes due 2023 1 $ 297,269 $ 257,806 $ — $ — Term Loan 3 $ — $ — $ 153,338 $ 162,052

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments Under Non-Cancelable Operating Leases	As of December 31, 2018, the future minimum lease payments under non-cancelable operating leases are as follows (in thousands): Year ended Period: December 31, 2018 2019 $ 8,179 2020 6,323 2021 5,438 2022 4,696 2023 1,248 Thereafter 1,215 Total $ 27,099

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2018
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The accrued expenses are as follows (in thousands): Accrued expenses: December 31, 2018 December 31, 2017 Compensation related $ 20,680 $ 20,479 Workers' compensation self-insured risk reserve 6,712 6,528 Health self-insured risk reserve 4,345 3,976 Accrual for receipts 2,729 2,391 Ad valorem taxes 1,617 2,081 Sales tax 2,336 1,873 Insurance obligations 4,786 5,695 Professional fee accrual 1,638 1,581 Fuel accrual 915 989 Accrued interest 10,068 6,380 Total $ 55,826 $ 51,973

Incentive Plan (Tables)

Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table reflects the summary of stock options outstanding at December 31, 2018: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value Granted Price Term (Years) (000's) Non-statutory stock options: Outstanding, beginning of period 654,016 $ 39.23 Options granted — — Options forfeited (34,530) 39.23 Options exercised — — Options expired (23,750) 39.23 Outstanding, end of period 595,736 39.23 8.07 — Exercisable, end of period 333,501 38.52 8.05 — Vested or expected to vest, end of period 262,235 $ 40.12 8.10 —
Summary of Non-Vested Restricted Stock Unit Grants	A summary of the status of Basic’s non-vested RSU grants at December 31, 2018 and changes during the year ended December 31, 2018 is presented in the following table: Weighted Average Number of Grant Date Fair Restricted Stock Units Value Per Unit Non-vested at beginning of period 279,498 $ 36.42 Granted during period 270,625 16.60 Vested during period (322,736) 32.73 Forfeited during period (36,085) 25.94 Non-vested at end of period 191,302 $ 16.58
Summary of Non-Vested Performance Stock Units	A summary of the status of Basic’s non-vested performance-based grants at December 31, 2018 and changes during the year ended December 31, 2018 is presented in the following table: Weighted Average Number of Grant Date Fair Performance Stock Units Value Per Unit Non-vested at beginning of period 817,512 $ 36.33 Granted during period 284,625 11.66 Vested during period (358,622) 35.37 Forfeited during period (60,530) 28.21 Non-vested at end of period 682,985 $ 27.27

Net Earnings (Loss) Per Share (

Net Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss Per Share	The following table sets forth the computation of basic and diluted loss per share (in thousands, except share data): Years ended December 31, 2018 2017 Numerator (both basic and diluted): Net loss available to common stockholders $ (144,597) $ (96,674) Denominator: Denominator for basic earnings per share 26,467,417 26,005,870 Denominator for diluted earnings per share 26,467,417 26,005,870 Basic loss per common share: $ (5.46) $ (3.72) Diluted loss per common share: $ (5.46) $ (3.72)
Schedule of Potentially Dilutive Instruments	The following shows potentially dilutive instruments: Years ended December 31, 2018 2017 Stock options 595,736 654,016 Warrants 2,066,576 2,066,624 Unvested restricted stock 29,806 16,114 Total 2,692,118 2,736,754

Supplemental Schedule of Cash_2

Supplemental Schedule of Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Summary of Non-cash Activity	The following table reflects non-cash activity: Year ended December 31, 2018 2017 (In thousands) Change in assets held for sale $ 1,271 $ 1,848 Asset retirement obligation additions $ (132) $ (90)

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segments Financial Information	The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion and Remedial Well Water Contract Corporate Services Servicing Logistics Drilling and Other Total Year ended December 31, 2018 Operating revenues $ 469,456 $ 250,991 $ 231,283 $ 12,990 $ — $ 964,720 Direct operating costs (365,775) (203,585) (166,926) (10,130) — (746,416) Segment profits 103,681 47,406 64,357 2,860 — 218,304 Depreciation and amortization 60,811 24,501 31,732 1,141 8,232 126,417 Capital expenditures 39,863 22,497 23,491 839 2,216 88,906 Identifiable assets $ 235,040 $ 104,473 $ 112,736 $ 4,064 $ 305,464 $ 761,777 Year ended December 31, 2017 Operating revenues $ 433,450 $ 210,811 $ 208,784 $ 10,996 $ — $ 864,041 Direct operating costs (318,191) (169,905) (168,621) (9,733) — (666,450) Segment profits 115,259 40,906 40,163 1,263 — 197,591 Depreciation and amortization 52,648 20,911 29,210 1,654 7,786 112,209 Capital expenditures 77,514 25,077 32,565 159 2,572 137,887 Identifiable assets $ 258,711 $ 109,138 $ 129,601 $ 7,205 $ 315,825 $ 820,480
Reconciliation of Segment Profits to Operating Income	The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands): Year ended December 31, 2018 2017 Segment profits $ 218,304 $ 197,591 General and administrative expenses (167,515) (146,458) Depreciation and amortization (126,417) (112,209) Gain (Loss) on disposal of assets 2,598 (274) Operating loss $ (73,030) $ (61,350)

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Completion & Remedial Services Water Logistics Well Servicing Contract Drilling Total Twelve Months Ended December 31, 2018 Primary Geographical Markets Permian Basin 185,763 125,528 118,634 13,322 443,247 Texas Gulf Coast 1,037 35,074 28,305 — 64,416 ArkLaTex & Mid-Continent 185,367 44,492 53,987 — 283,846 Rocky Mountain 100,601 31,908 27,067 — 159,576 Eastern USA 3,609 — 5,560 — 9,169 West Coast — — 30,342 — 30,342 Corporate (Intercompany) (6,921) (5,719) (12,904) (332) (25,876) Total 469,456 231,283 250,991 12,990 964,720 Major Products/service lines Pumping Equipment 294,227 — — — 294,227 Well Servicing — — 217,812 — 217,812 Transport/Vacuum — 142,222 — — 142,222 Coiled Tubing 68,562 — — — 68,562 RAFT 88,527 — — — 88,527 Plugging — — 25,165 — 25,165 Production and Disposal Facilities — 24,204 — — 24,204 Hot Oiler — 20,613 — — 20,613 Kill Truck — 13,329 — — 13,329 Other 18,140 30,915 8,014 12,990 70,059 Total 469,456 231,283 250,991 12,990 964,720 Timing of revenue recognition Products transferred at a point in time — — 5,938 — 5,938 Products and services transferred over time 469,456 231,283 245,053 12,990 958,782 Total 469,456 231,283 250,991 12,990 964,720 Completion & Remedial Water Logistics Well Servicing Contract Drilling Total Twelve Months Ended December 31, 2017 Primary Geographical Markets Permian Basin $ 169,795 $ 113,010 $ 92,816 $ 11,373 $ 386,994 Texas Gulf Coast 3,139 31,886 27,996 — 63,021 ArkLaTex & Mid-Continent 161,442 37,870 51,402 — 250,714 Rocky Mountain 99,612 32,294 25,167 — 157,073 Eastern USA 6,315 — 7,891 — 14,206 West Coast — — 26,072 — 26,072 Corporate (6,853) (6,276) (20,533) (377) (34,039) Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041 Major Products/service lines Frac Equipment $ 268,840 $ — $ — $ — $ 268,840 Well Servicing — — 175,463 — 175,463 Transport/Vacuum — 130,670 — — 130,670 Coiled Tubing 81,606 — — — 81,606 Rental Tool Revenue 65,807 — — — 65,807 Plugging — — 25,053 — 25,053 Production and Disposal Facilities — 20,485 — — 20,485 Hot Oiler — 18,882 — — 18,882 Kill Truck — 11,929 — — 11,929 Other 17,197 26,818 10,295 10,996 65,306 Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041 Timing of rev rec Products transferred at a point in time $ — $ — $ 599 $ — $ 599 Products and services transferred over time 433,450 208,784 210,212 10,996 863,442 Total $ 433,450 $ 208,784 $ 210,811 $ 10,996 $ 864,041

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following (in thousands): Years ended December 31, 2018 2017 Current: Federal $ — $ (1740) State 305 (16) Total 305 (1756) Deferred: Federal (74) 74 State (4) 4 Total (78) 78 Total income tax expense (benefit) $ 227 $ (1,678)
Reconciliation Between Federal Statutory Rate and Income (Benefit) Expense	Years ended December 31, 2018 2017 Statutory federal income tax $ (30,318) $ (34,423) Meals and entertainment 707 706 State taxes, net of federal benefit (2,250) (1,662) Valuation allowance 28,167 (54,418) Remeasurement of Federal Deferred Taxes — 87,227 Tax basis adjustments 41 (862) Equity Compensation Shortfall 2,644 — Changes in estimates and other 1,236 1,754 Total $ 227 $ (1,678)
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands): December 31, 2018 December 31, 2017 Deferred tax assets: Operating loss carryforward $ 178,657 $ 151,468 Goodwill and intangibles 23,088 26,717 Accrued liabilities 11,804 9,418 Deferred debt costs 1,680 2,432 Deferred compensation 4,028 2902 Receivables allowance 418 348 Asset retirement obligation 589 573 Inventory 265 105 Interest Expense Limitation 10,722 — Valuation Allowances (174,497) (146,330) Total deferred tax assets $ 56,754 $ 47,633 Deferred tax liabilities: Property and equipment (55,901) (46,881) Prepaid expenses (853) (830) Total deferred tax liabilities $ (56,754) $ (47,711) Net deferred tax liability $ — $ (78) Recognized as: Deferred tax liabilities - non-current — (78) Net deferred tax liabilities $ — $ (78)

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results	The following table summarizes results for each of the four quarters in the years ended December 31, 2018 and 2017 (in thousands, except earnings per share data): First Second Third Fourth Quarter Quarter Quarter Quarter Year Year ended December 31, 2018: Total revenues $ 234,666 $ 253,369 $ 246,334 $ 230,351 $ 964,720 Segment profits 53,350 57,411 55,935 51,608 218,304 Net loss $ (30,531) $ (40,054) $ (27,336) $ (46,676) $ (144,597) Loss per share of common stock (a): Basic $ (1.16) $ (1.51) $ (1.03) $ (1.76) $ (5.46) Diluted $ (1.16) $ (1.51) $ (1.03) $ (1.76) $ (5.46) Weighted average common shares outstanding: Basic 26,336 26,444 26,510 26,570 26,467 Diluted 26,336 26,444 26,510 26,570 26,467 Year ended December 31, 2017: Total revenues $ 182,019 $ 213,296 $ 233,460 $ 235,266 $ 864,041 Segment profits 29,905 46,858 61,932 58,896 197,591 Net loss $ (38,626) $ (23,941) $ (13,845) $ (20,262) $ (96,674) Loss per share of common stock (a): Basic $ (1.49) $ (0.92) $ (0.53) $ (0.78) $ (3.72) Diluted $ (1.49) $ (0.92) $ (0.53) $ (0.78) $ (3.72) Weighted average common shares outstanding: Basic 25,999 26,011 26,001 26,049 26,006 Diluted 25,999 26,011 26,001 26,049 26,006 (a) The sum of individual quarterly net loss per share may not agree to the total for the year due to each period's computation being based on the weighted average number of common shares outstanding during such period.

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 90,300	$ 38,520
Restricted cash	0	47,703
Total cash, cash equivalents and restricted cash	$ 90,300	$ 86,223	$ 101,304

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of the Assets (Details)	12 Months Ended
	Dec. 31, 2018
Buildings and improvements | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	20 years
Buildings and improvements | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	30 years
Well service units and equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Well service units and equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Fluid services equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	5 years
Fluid services equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Pumping equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	5 years
Pumping equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Construction equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Construction equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Contract drilling equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Contract drilling equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Disposal facilities | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	10 years
Disposal facilities | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Vehicles | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years
Vehicles | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	7 years
Rental equipment | Minimum
Property, Plant And Equipment [Line Items]
Estimated useful lives	2 years
Rental equipment | Maximum
Property, Plant And Equipment [Line Items]
Estimated useful lives	15 years
Software and computers
Property, Plant And Equipment [Line Items]
Estimated useful lives	3 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2019
Summary Of Significant Accounting Policies [Line Items]
Amortization expense of intangible assets	$ 200	$ 200
Amortization of deferred financing costs	1,072	194
Net increase (decrease) in cash and equivalents	$ 4,077	(15,081)
Developed technology
Summary Of Significant Accounting Policies [Line Items]
Amortization period of intangible assets	5 years
Trade names
Summary Of Significant Accounting Policies [Line Items]
Amortization period of intangible assets	15 years
Well service units and equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Well service units and equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	15 years
Term Loan
Summary Of Significant Accounting Policies [Line Items]
Amortization of deferred financing costs	$ 1,000	300
Restatement adjustment | Accounting Standards Update 2016-18
Summary Of Significant Accounting Policies [Line Items]
Net increase (decrease) in cash and equivalents		$ 47,700	$ 2,400
Subsequent event | Accounting Standards Update 2016-02 | Minimum
Summary Of Significant Accounting Policies [Line Items]
Operating lease liability				$ 16,000
Right-of-use asset				16,000
Subsequent event | Accounting Standards Update 2016-02 | Maximum
Summary Of Significant Accounting Policies [Line Items]
Operating lease liability				24,000
Right-of-use asset				$ 24,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Amortization Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Sub-total	$ 3,458	$ 3,458
Less accumulated amortization	474	237
Intangible assets subject to amortization, net	2,984	3,221
Trade names
Finite-Lived Intangible Assets [Line Items]
Sub-total	3,410	3,410
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Sub-total	$ 48	$ 48

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortization Expense
2,019	$ 237
2,020	237
2,021	237
2,022	227
2,023	227
Thereafter	1,819
Intangible assets subject to amortization, net	$ 2,984	$ 3,221

Property and Equipment - Summar

Property and Equipment - Summary of Components of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 661,619	$ 608,720
Less accumulated depreciation and amortization	(212,818)	(106,141)
Property and equipment, net	448,801	502,579
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	21,431	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	122,694	113,657
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	123,550	111,172
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	103,689	116,127
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	78,524	79,711
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	63,229	51,363
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	9,846	10,967
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	62,642	34,643
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	27,080	19,869
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	857	817
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,257	4,092
Construction equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	0	2,338
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 3,296	$ 2,704

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Lease obligation period	5 years
Amortization of assets held under capital leases	$ 27.9	$ 20.4

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment Under Capital Lease (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 102,852	$ 109,905
Less accumulated amortization	(31,954)	(18,445)
Property, plant and equipment under capital lease, net	70,898	91,460
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	35,034	40,097
Pumping equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	48,929	56,225
Light vehicles
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	18,376	12,160
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	314	783
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	199	262
Construction equipment
Property, Plant And Equipment [Line Items]
Property, plant and equipment under capital lease, gross	$ 0	$ 378

Long-Term Debt - Schedule Of Lo

Long-Term Debt - Schedule Of Long-Term Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Capital leases and other notes	$ 60,909	$ 100,615
Unamortized discount and deferred debt costs	(11,169)	(11,901)
Total long-term debt	349,740	315,239
Less current portion	27,039	55,997
Total non-current portion of long-term debt	322,701	259,242
Term Loan
Debt Instrument [Line Items]
Aggregate principal amount	0	162,525
Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount	0	64,000
10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Aggregate principal amount	$ 300,000	$ 0

Long-Term Debt Long-Term Debt -

Long-Term Debt Long-Term Debt - Schedule of Unamortized Debt Discounts (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Deferred debt costs	$ 7,959	$ 166
Total	11,169	11,901
10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Unamortized discounts	2,731	0
Capital Leases - short-term
Debt Instrument [Line Items]
Unamortized discounts	479	1,657
Capital Leases - long-term
Debt Instrument [Line Items]
Unamortized discounts	0	891
Term Loan
Debt Instrument [Line Items]
Unamortized discounts	$ 0	$ 9,187

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Oct. 02, 2018	Sep. 29, 2017	Dec. 31, 2018
Debt Instrument [Line Items]
Repayments of Debt	$ 290,000,000
10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Debt instrument, face amount	$ 300,000,000
Stated interest rate	10.75%
Redemption price of principal (as a percent)	99.042%
Effective interest rate	11.00%
Amended and Restated Term Loan Agreement
Debt Instrument [Line Items]
Early repayment penalty	$ 17,600,000
Minimum | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption, percent of aggregate principal amount outstanding			25.00%
New ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	150,000,000
Maximum capacity for base rate protective advances	$ 10,000,000
Principle amount due	five
Prior ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 100,000,000
Option for additional borrowing capacity on line of credit		$ 50,000,000
Closing payment fee rate		0.375%
Prior ABL Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
Prior ABL Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		3.25%
Redemption period, on or prior to October 15, 2020 | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption price of principal (as a percent)			110.75%
Redemption period, on or prior to October 15, 2020 | Maximum | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption, percent of aggregate principal amount outstanding			35.00%
Redemption period, prior to October 15, 2020 | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption price of principal (as a percent)			100.00%
Redemption period, between April 15, 2019 and October 15, 2019 | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption price of principal (as a percent)			105.375%
Redemption period, between October 15, 2019 and October 15, 2020 | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption price of principal (as a percent)			108.063%
Redemption due to change in control | 10.75 % Senior Notes due 2023
Debt Instrument [Line Items]
Redemption price of principal (as a percent)			101.00%
Letter of Credit | New ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Letters of credit outstanding			$ 39,600,000
Swingline Loans | New ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt Maturities Including Capital Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Debt
2,019	$ 0
2,020	0
2,021	0
2,022	0
Thereafter	300,000
Total debt	300,000
Capital Leases
2,019	27,519
2,020	19,322
2,021	10,697
2,022	3,233
Thereafter	138
Total capital leases	$ 60,909

Long-Term Debt - Schedule Of In

Long-Term Debt - Schedule Of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Cash payments for interest	$ 35,088	$ 25,616
Commitment and other fees paid	2,441	442
Amortization of discounts	3,424	7,266
Amortization of deferred debt costs	1,050	261
Change in accrued interest	3,688	4,440
Capitalized interest	0	(660)
Other	162	107
Total interest expense	$ 45,853	$ 37,472

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Term Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value	$ 0	$ 153,338
10.75 % Senior Notes due 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value	297,269	0
Fair Value | Term Loan | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value	0	162,052
Fair Value | 10.75 % Senior Notes due 2023 | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value	$ 257,806	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Total interest expense	$ 45,853,000	$ 37,472,000
Rent expense	$ 18,400,000	16,800,000
Salary and incentive program severance multiplier	3
Self insurance deductible for workers compensation, per occurrence	$ 4,000,000
Self insurance deductible for general liability claims, per occurrence	1,000,000
Self insurance deductible for medical and dental coverage, per occurrence	400,000
Self insurance deductible for automobile liabilities, per occurrence	1,000,000
Workers' compensation self-insured risk reserve, short-term	6,700,000	6,500,000
Workers' compensation self-insured risk reserve, long-term	16,300,000	$ 15,900,000
Chief Executive Officer
Loss Contingencies [Line Items]
Annual salary	$ 700,000
Minimum
Loss Contingencies [Line Items]
Severance payment multiplier	0.75
Severance payment for the chance of control multiplier	1.5
Maximum
Loss Contingencies [Line Items]
Severance payment multiplier	1
Severance payment for the chance of control multiplier	2
Non-Cancelable Property and Equipment | Minimum
Loss Contingencies [Line Items]
Term of operating leases	12 months
Non-Cancelable Property and Equipment | Maximum
Loss Contingencies [Line Items]
Term of operating leases	60 months
Well Service Units and Equipment | Maximum
Loss Contingencies [Line Items]
Term of operating leases	99 years
Sales and Use Tax Audit
Loss Contingencies [Line Items]
Loss contingency accrual	$ 5,500,000
Total interest expense	1,800,000
Sales and Use Tax Audit | Minimum
Loss Contingencies [Line Items]
Estimate of possible loss	6,000,000
Sales and Use Tax Audit | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 24,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Operating leases
2,019	$ 8,179
2,020	6,323
2,021	5,438
2,022	4,696
2,023	1,248
Thereafter	1,215
Total	$ 27,099

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Compensation related	$ 20,680	$ 20,479
Workers' compensation self-insured risk reserve	6,712	6,528
Health self-insured risk reserve	4,345	3,976
Accrual for receipts	2,729	2,391
Ad valorem taxes	1,617	2,081
Sales tax	2,336	1,873
Insurance obligations	4,786	5,695
Professional fee accrual	1,638	1,581
Fuel accrual	915	989
Accrued interest	10,068	6,380
Total accrued expenses	$ 55,826	$ 51,973

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Common stock, authorized (in shares)	80,000,000	80,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	26,990,034	26,371,572
Common stock, outstanding (in shares)	26,747,712	26,219,129
Shares repurchased (in shares)	160,026	85,254
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01

Incentive Plan - Incentive Plan

Incentive Plan - Incentive Plan Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 23, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of shares authorized (in shares)			3,237,671
Number of shares available for grant (in shares)	677,015
Compensation expense related to share-based arrangements	$ 27,300,000	$ 23,000,000
Tax benefit from compensation expense	0	$ 0
Unrecognized compensation cost	$ 16,900,000
Unrecognized compensation cost, period for recognition	2 years 10 days

Incentive Plan - Stock Option A

Incentive Plan - Stock Option Awards Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 08, 2018	Dec. 23, 2016	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)			$ 0
Remaining term			8 years 25 days
Compensation expense related to share-based arrangements			$ 27.3	$ 23
Unrecognized compensation cost			$ 16.9
Unrecognized compensation cost, period for recognition			2 years 10 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)		323,770		327,008
Weighted-average fair value (in dollars per share)		$ 20.97
Exercise price (in dollars per share)		$ 36.55		$ 41.90
Dividend yield (as a percent)		0.00%
Minimum risk-free interest rate		2.21%
Expected term		6 years
Remaining term		10 years
Expected volatility (as a percent)		60.80%
Fair value of options		$ 6.8		$ 5.3
Performance grade (as a percent)				100.00%
Compensation expense related to share-based arrangements			$ 4.2	$ 3.9
Unrecognized compensation cost			$ 3.4
Unrecognized compensation cost, period for recognition			14 months
Period option is available to be exercised			10 years
Vesting period			3 years
Vesting period one | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting percentage	33.33%
Vesting period two | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting percentage	33.33%
Vesting period three | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting percentage	33.33%
Maximum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options as a percent of initial award			150.00%

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Number of Options Granted
Outstanding, beginning of period (in shares) | shares	654,016
Options granted (in shares) | shares	0
Options forfeited (in shares) | shares	(34,530)
Options exercised (in shares) | shares	0
Options expired (in shares) | shares	(23,750)
Outstanding, end of period (in shares) | shares	595,736
Exercisable, end of period (in shares) | shares	333,501
Vested or expected to vest, end of period (in shares) | shares	262,235
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 39.23
Options granted (in dollars per share) | $ / shares	0
Options forfeited (in dollars per share) | $ / shares	39.23
Options exercised (in dollars per share) | $ / shares	0
Options expired (in dollars per share) | $ / shares	39.23
Outstanding, end of period (in dollars per share) | $ / shares	39.23
Exercisable, end of period (in dollars per share) | $ / shares	38.52
Vested or expected to vest, end of period (in dollars per share) | $ / shares	$ 40.12
Weighted Average Remaining Contractual Term (Years)
Outstanding, end of period	8 years 25 days
Exercisable, end of period	8 years 18 days
Vested or expected to vest, end of period	8 years 1 month 6 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 Restricted Stock Unit Grants (Details) - Restricted stock	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Number of Restricted Stock Units
Non-vested at beginning of period (in shares) | shares	279,498
Granted during period (in shares) | shares	270,625
Vested during period (in shares) | shares	(322,736)
Forfeited during period (in shares) | shares	(36,085)
Non-vested at end of period (in shares) | shares	191,302
Weighted Average Grant Date, Fair Value Per Share
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 36.42
Granted during period (in dollars per share) | $ / shares	16.60
Vested during period (in dollars per share) | $ / shares	32.73
Forfeited during period (in dollars per share) | $ / shares	25.94
Non-vested at end of period (in dollars per share) | $ / shares	$ 16.58

Incentive Plan - Restricted Sto

Incentive Plan - Restricted Stock Unit Awards Narrative (Details) - Restricted Stock Units - USD ($) $ in Millions	May 21, 2018	Dec. 23, 2016	Feb. 28, 2018	Aug. 31, 2017	May 31, 2017	Nov. 30, 2018	Aug. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during period (in shares)	48,400	809,416		16,190	26,700
Vesting period	10 months	2 years		2 years
Total fair value of share-based awards vested								$ 1.4	$ 6.7	$ 9.7
Certain members of management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during period (in shares)			203,625			3,600	15,000
Vesting period			3 years			3 years	3 years

Incentive Plan - Summary of N_2

Incentive Plan - Summary of Non-Vested Performance Stock Units (Details) - Performance shares	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Number of Preferred Stock Units
Non-vested at beginning of period (in shares) | shares	817,512
Granted during period (in shares) | shares	284,625
Vested during period (in shares) | shares	(358,622)
Forfeited during period (in shares) | shares	(60,530)
Non-vested at end of period (in shares) | shares	682,985
Weighted Average Grant Date, Fair Value Per Share
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 36.33
Granted during period (in dollars per share) | $ / shares	11.66
Vested during period (in dollars per share) | $ / shares	35.37
Forfeited during period (in dollars per share) | $ / shares	28.21
Non-vested at end of period (in dollars per share) | $ / shares	$ 27.27

Incentive Plan - Performance St

Incentive Plan - Performance Stock Unit Awards Narrative (Details) - Performance shares $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares) | shares	284,625	817,512
Fair value at grant date	$ 3,300	$ 29,700
Vesting period		3 years
Performance grade (as a percent)		1
Fair value of units vested	$ 5,500
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units as a percent of initial award	1.50	1.50

Incentive Plan - Restricted S_2

Incentive Plan - Restricted Stock Awards Narrative (Details) - Restricted Stock Units - shares	May 21, 2018	Dec. 23, 2016	Aug. 31, 2017	May 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during period (in shares)	48,400	809,416	16,190	26,700
Vesting period	10 months	2 years	2 years

Incentive Plan - Phantom Stock

Incentive Plan - Phantom Stock Awards Narrative (Details) - Phantom Stock Awards	Feb. 08, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)	82,350
Vesting period	3 years

Incentive Plan - Warrant Agreem

Incentive Plan - Warrant Agreement Narrative (Details) $ / shares in Units, $ in Millions	Dec. 23, 2016USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of shares exercisable by warrants (in shares)	2,066,627
Warrants outstanding (in shares)	2,066,627
Exercise price (in dollars per share) | $ / shares	$ 55.25
Warrants, fair value | $	$ 8.4

Deferred Compensation Plan - Na

Deferred Compensation Plan - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2005	Dec. 31, 2018	Dec. 31, 2017
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Maximum salary deferral percentage	50.00%
Maximum cash bonus deferral percentage	100.00%
Maximum matching contributions per year	$ 10,000
Employer matching contributions and earnings, vesting schedule	5 years
Deferred compensation expense (benefit)		$ (500,000)	$ 1,100,000
First 3% Of The Participant's Deferred Pay
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Matching contributions	100.00%
Matching contribution of gross pay	3.00%
Next 2% Of The Participant's Deferred Pay
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Matching contributions	50.00%
Matching contribution of deferred pay	2.00%

Employee 401 (k) Plan - Narrati

Employee 401 (k) Plan - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Retirement Benefits [Abstract]
Employer 401(k) contributions	$ 42

Net Earnings (Loss) Per Share -

Net Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Numerator (both basic and diluted):
Net loss available to common stockholders									$ (144,597)	$ (96,674)
Denominator:
Denominator for basic earnings per share (in shares)	26,570,000	26,510,000	26,444,000	26,336,000	26,049,000	26,001,000	26,011,000	25,999,000	26,467,417	26,005,870
Denominator for diluted earnings per share (in shares)	26,570,000	26,510,000	26,444,000	26,336,000	26,049,000	26,001,000	26,011,000	25,999,000	26,467,417	26,005,870
Basic loss per common share (in dollars per share)	$ (1.76)	$ (1.03)	$ (1.51)	$ (1.16)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)	$ (5.46)	$ (3.72)
Diluted loss per common share (in dollars per share)	$ (1.76)	$ (1.03)	$ (1.51)	$ (1.16)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)	$ (5.46)	$ (3.72)

Net Earnings (Loss) Per Share_2

Net Earnings (Loss) Per Share - Schedule of Potentially Dilutive Instruments (Details) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	2,692,118	2,736,754
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	595,736	654,016
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	2,066,576	2,066,624
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive instruments (in shares)	29,806	16,114

Supplemental Schedule of Cash_3

Supplemental Schedule of Cash Flow Information - Summary of Non-cash Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Change in assets held-for-sale	$ 1,271	$ 1,848
Asset retirement obligation additions	$ (132)	$ (90)

Supplemental Schedule of Cash_4

Supplemental Schedule of Cash Flow Information - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Income taxes paid	$ 0	$ 0
Income tax refund	$ 0	$ 1,100,000

Business Segment Information -

Business Segment Information - Schedule of Reportable Segments Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Operating revenues									$ 964,720	$ 864,041
Segment profits	$ 51,608	$ 55,935	$ 57,411	$ 53,350	$ 58,896	$ 61,932	$ 46,858	$ 29,905	218,304	197,591
Depreciation and amortization									126,417	112,209
Capital expenditures									88,906	137,887
Identifiable assets	761,777				820,480				761,777	820,480
Oil and gas
Segment Reporting Information [Line Items]
Operating revenues									964,720	864,041
Direct operating costs									(746,416)	(666,450)
Completion and remedial services
Segment Reporting Information [Line Items]
Operating revenues									469,456	433,450
Direct operating costs									(365,775)	(318,191)
Well servicing
Segment Reporting Information [Line Items]
Operating revenues									250,991	210,811
Direct operating costs									(203,585)	(169,905)
Water logistics
Segment Reporting Information [Line Items]
Operating revenues									231,283	208,784
Direct operating costs									(166,926)	(168,621)
Operating Segments | Completion and remedial services
Segment Reporting Information [Line Items]
Operating revenues									469,456	433,450
Direct operating costs									(365,775)	(318,191)
Segment profits									103,681	115,259
Depreciation and amortization									60,811	52,648
Capital expenditures									39,863	77,514
Identifiable assets	235,040				258,711				235,040	258,711
Operating Segments | Well servicing
Segment Reporting Information [Line Items]
Operating revenues									250,991	210,811
Direct operating costs									(203,585)	(169,905)
Segment profits									47,406	40,906
Depreciation and amortization									24,501	20,911
Capital expenditures									22,497	25,077
Identifiable assets	104,473				109,138				104,473	109,138
Operating Segments | Water logistics
Segment Reporting Information [Line Items]
Operating revenues									231,283	208,784
Direct operating costs									(166,926)	(168,621)
Segment profits									64,357	40,163
Depreciation and amortization									31,732	29,210
Capital expenditures									23,491	32,565
Identifiable assets	112,736				129,601				112,736	129,601
Operating Segments | Contract drilling equipment
Segment Reporting Information [Line Items]
Operating revenues									12,990	10,996
Direct operating costs									(10,130)	(9,733)
Segment profits									2,860	1,263
Depreciation and amortization									1,141	1,654
Capital expenditures									839	159
Identifiable assets	4,064				7,205				4,064	7,205
Corporate And Other
Segment Reporting Information [Line Items]
Operating revenues									0	0
Direct operating costs									0	0
Segment profits									0	0
Depreciation and amortization									8,232	7,786
Capital expenditures									2,216	2,572
Identifiable assets	$ 305,464				$ 315,825				$ 305,464	$ 315,825

Business Segment Information _2

Business Segment Information - Reconciliation of Operating Profit (Loss) from Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting [Abstract]
Segment profits	$ 51,608	$ 55,935	$ 57,411	$ 53,350	$ 58,896	$ 61,932	$ 46,858	$ 29,905	$ 218,304	$ 197,591
General and administrative expenses									(167,515)	(146,458)
Depreciation and amortization									(126,417)	(112,209)
Gain (Loss) on disposal of assets									(2,598)	274
Operating loss									$ (73,030)	$ (61,350)

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 144,767,000	$ 148,444,000
Contract assets	1,100,000	2,400,000
Contract liabilities	$ 855,000	$ 0

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 964,720	$ 864,041
Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	469,456	433,450
Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	231,283	208,784
Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	250,991	210,811
Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	12,990	10,996
Permian Basin
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	443,247	386,994
Permian Basin | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	185,763	169,795
Permian Basin | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	125,528	113,010
Permian Basin | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	118,634	92,816
Permian Basin | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	13,322	11,373
Texas Gulf Coast
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	64,416	63,021
Texas Gulf Coast | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	1,037	3,139
Texas Gulf Coast | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	35,074	31,886
Texas Gulf Coast | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	28,305	27,996
Texas Gulf Coast | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
ArkLaTex & Mid-Continent
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	283,846	250,714
ArkLaTex & Mid-Continent | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	185,367	161,442
ArkLaTex & Mid-Continent | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	44,492	37,870
ArkLaTex & Mid-Continent | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	53,987	51,402
ArkLaTex & Mid-Continent | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Rocky Mountain
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	159,576	157,073
Rocky Mountain | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	100,601	99,612
Rocky Mountain | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	31,908	32,294
Rocky Mountain | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	27,067	25,167
Rocky Mountain | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Eastern USA
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	9,169	14,206
Eastern USA | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	3,609	6,315
Eastern USA | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Eastern USA | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	5,560	7,891
Eastern USA | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
West Coast
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	30,342	26,072
West Coast | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
West Coast | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
West Coast | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	30,342	26,072
West Coast | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Corporate (Intercompany)
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	(25,876)	(34,039)
Corporate (Intercompany) | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	(6,921)	(6,853)
Corporate (Intercompany) | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	(5,719)	(6,276)
Corporate (Intercompany) | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	(12,904)	(20,533)
Corporate (Intercompany) | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	(332)	(377)
Pumping Equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	294,227	268,840
Pumping Equipment | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	294,227	268,840
Pumping Equipment | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Pumping Equipment | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Pumping Equipment | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	217,812	175,463
Well Servicing | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Well Servicing | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Well Servicing | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	217,812	175,463
Well Servicing | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	142,222	130,670
Transport/Vacuum | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Transport/Vacuum | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	142,222	130,670
Transport/Vacuum | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Transport/Vacuum | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	68,562	81,606
Coiled Tubing | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	68,562	81,606
Coiled Tubing | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Coiled Tubing | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Coiled Tubing | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	88,527	65,807
RAFT | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	88,527	65,807
RAFT | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
RAFT | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
RAFT | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	25,165	25,053
Plugging | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Plugging | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Plugging | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	25,165	25,053
Plugging | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	24,204	20,485
Production and Disposal Facilities | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Production and Disposal Facilities | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	24,204	20,485
Production and Disposal Facilities | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Production and Disposal Facilities | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	20,613	18,882
Hot Oiler | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Hot Oiler | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	20,613	18,882
Hot Oiler | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Hot Oiler | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Kill Truck
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	13,329	11,929
Kill Truck | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Kill Truck | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	13,329	11,929
Kill Truck | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Kill Truck | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	70,059	65,306
Other | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	18,140	17,197
Other | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	30,915	26,818
Other | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	8,014	10,295
Other | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	12,990	10,996
Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	5,938	599
Products transferred at a point in time | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Products transferred at a point in time | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Products transferred at a point in time | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	5,938	599
Products transferred at a point in time | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	0	0
Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	958,782	863,442
Products and services transferred over time | Completion and remedial services
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	469,456	433,450
Products and services transferred over time | Water logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	231,283	208,784
Products and services transferred over time | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	245,053	210,212
Products and services transferred over time | Contract drilling
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating revenues	$ 12,990	$ 10,996

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 0	$ (1,740)
State	305	(16)
Total	305	(1,756)
Deferred:
Federal	(74)	74
State	(4)	4
Total	(78)	78
Total income tax expense (benefit)	$ 227	$ (1,678)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Income tax refund	$ 0	$ 1,100,000
Income tax refund accrued	$ 900,000
Federal statutory rate	35.00%
Valuation allowance	$ 174,497,000	146,330,000
Interest or penalties related to an uncertain tax position	0
Federal
Income Taxes [Line Items]
Income taxes paid	0	0
Operating loss carryforwards	783,300,000
State
Income Taxes [Line Items]
Operating loss carryforwards, valuation allowance		$ 146,300,000
Operating loss carryforwards	$ 296,000,000

Income Taxes - Reconciliation B

Income Taxes - Reconciliation Between Federal Statutory Rate and Income (Benefit) Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Statutory federal income tax	$ (30,318)	$ (34,423)
Meals and entertainment	707	706
State taxes, net of federal benefit	(2,250)	(1,662)
Valuation allowance	28,167	(54,418)
Remeasurement of Federal Deferred Taxes	0	87,227
Tax basis adjustments	41	(862)
Equity Compensation Shortfall	2,644	0
Changes in estimates and other	1,236	1,754
Total income tax expense (benefit)	$ 227	$ (1,678)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Operating loss carryforward	$ 178,657	$ 151,468
Goodwill and intangibles	23,088	26,717
Accrued liabilities	11,804	9,418
Deferred debt costs	1,680	2,432
Deferred compensation	4,028	2,902
Receivables allowance	418	348
Asset retirement obligation	589	573
Inventory	265	105
Interest Expense Limitation	10,722	0
Valuation Allowances	(174,497)	(146,330)
Total deferred tax assets	56,754	47,633
Deferred tax liabilities:
Property and equipment	(55,901)	(46,881)
Prepaid expenses	(853)	(830)
Total deferred tax liabilities	(56,754)	(47,711)
Net deferred tax liability	0	(78)
Recognized as:
Deferred Tax Liabilities, Net, Noncurrent	$ 0	$ (78)

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information [Line Items]
Total revenues									$ 964,720	$ 864,041
Segment profits	$ 51,608	$ 55,935	$ 57,411	$ 53,350	$ 58,896	$ 61,932	$ 46,858	$ 29,905	218,304	197,591
Net loss	$ (46,676)	$ (27,336)	$ (40,054)	$ (30,531)	$ (20,262)	$ (13,845)	$ (23,941)	$ (38,626)	$ (144,597)	$ (96,674)
Loss per share of common stock:
Basic (in dollars per share)	$ (1.76)	$ (1.03)	$ (1.51)	$ (1.16)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)	$ (5.46)	$ (3.72)
Diluted (in dollars per share)	$ (1.76)	$ (1.03)	$ (1.51)	$ (1.16)	$ (0.78)	$ (0.53)	$ (0.92)	$ (1.49)	$ (5.46)	$ (3.72)
Weighted average common shares outstanding:
Basic (in shares)	26,570,000	26,510,000	26,444,000	26,336,000	26,049,000	26,001,000	26,011,000	25,999,000	26,467,417	26,005,870
Diluted (in shares)	26,570,000	26,510,000	26,444,000	26,336,000	26,049,000	26,001,000	26,011,000	25,999,000	26,467,417	26,005,870
Oil and gas
Quarterly Financial Information [Line Items]
Total revenues	$ 230,351	$ 246,334	$ 253,369	$ 234,666	$ 235,266	$ 233,460	$ 213,296	$ 182,019	$ 964,720	$ 864,041

Schedule II - Valuation And Q_2

Schedule II - Valuation And Qualifying Accounts (Details) - Allowance for Bad Debt - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 1,523	$ 0
Charged to Costs and Expenses	4,111	369
Charged to Other Accounts	0	1,858
Deductions	(3,796)	(704)
Balance at End of Period	$ 1,838	$ 1,523