Basic Energy Services (BASWQ) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 09, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	bas
Entity Registrant Name	BASIC ENERGY SERVICES INC
Entity Central Index Key	0001109189
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,957,350

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 63,796	$ 90,300
Trade accounts receivable, net of allowance of $1,573 and $1,838, respectively	140,269	144,767
Income tax receivable	3,425	1,574
Inventories	33,740	36,449
Prepaid expenses	16,164	17,479
Other current assets	6,299	4,640
Total current assets	263,693	295,209
Property and equipment, net	442,092	448,801
Operating lease right-of-use assets	19,321
Deferred debt costs, net of amortization	2,604	2,747
Intangible assets, net of amortization	2,925	2,984
Other assets	12,585	12,036
Total assets	743,220	761,777
Current liabilities:
Accounts payable	76,833	98,323
Accrued expenses	71,484	55,826
Current portion of long-term debt, net of $359 and $479 discount at March 31, 2019 and December 31, 2018, respectively	22,465	27,039
Operating lease right-of-use liabilities, current portion	5,347
Other current liabilities	719	3,123
Total current liabilities	176,848	184,311
Long-term debt, net of discounts and deferred financing costs of $10,448 and $10,690, at March 31, 2019 and December 31, 2018, respectively	322,358	322,701
Operating lease right-of-use liabilities, long-term portion	13,974
Other long-term liabilities	35,156	35,337
Stockholders' equity:
Preferred stock; $0.01 par value; 5,000,000 shares authorized; zero outstanding at March 31, 2019 and December 31, 2018	0	0
Common stock; $0.01 par value; 80,000,000 shares authorized; 27,267,899 and 26,990,034 shares issued and 26,957,350 and 26,747,712 shares outstanding at March 31, 2019 and December 31, 2018, respectively	273	270
Additional paid-in capital	467,373	464,264
Retained deficit	(268,747)	(241,271)
Treasury stock, at cost, 310,549 and 242,322 shares at March 31, 2019 and December 31, 2018, respectively	(4,015)	(3,835)
Total stockholders' equity	194,884	219,428
Total liabilities and stockholders' equity	$ 743,220	$ 761,777

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for trade accounts receivable	$ 1,573	$ 1,838
Current portion of long-term debt, discounts	359	479
Discounts and deferred debt costs	$ 10,448	$ 10,690
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorize	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	27,267,899	26,990,034
Common stock, shares outstanding	26,957,350	26,747,712
Treasury stock, shares	310,549	242,322

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Total revenues	$ 197,202	$ 234,665
Expenses:
Expenses	151,842	181,316
General and administrative, including stock-based compensation of $3,288 and $6,798 in the three months ended March 31, 2019 and 2018, respectively	35,522	40,978
Depreciation and amortization	27,498	30,235
Loss on disposal of assets	1,455	1,779
Total expenses	216,317	254,308
Operating loss	(19,115)	(19,643)
Other income (expense):
Interest expense	(10,756)	(11,283)
Interest income	245	27
Other income	299	309
Loss before income taxes	(29,327)	(30,590)
Income tax benefit	1,851	59
Net loss	$ (27,476)	$ (30,531)
Loss per share of common stock:
Basic (in dollars per share)	$ (1.02)	$ (1.16)
Diluted (in dollars per share)	$ (1.02)	$ (1.16)
Completion & Remedial Services
Revenues:
Total revenues	$ 76,834	$ 117,597
Expenses:
Expenses	63,433	89,659
Well Servicing
Revenues:
Total revenues	60,515	56,951
Expenses:
Expenses	47,196	46,511
Water Logistics
Revenues:
Total revenues	55,601	56,509
Expenses:
Expenses	37,299	40,923
Other Services
Revenues:
Total revenues	4,252	3,608
Expenses:
Expenses	$ 3,914	$ 4,223

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Stock-based compensation included in general and administrative expense	$ 3,288	$ 6,798

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Deficit
Beginning balance (in shares) at Dec. 31, 2017		26,371,572		152,443,000
Beginning 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)		272,510
Issuances of restricted stock	0	$ 2	(2)
Amortization of equity-classified share-based compensation	6,798		6,798
Treasury stock, net (in shares)				69,337,000
Treasury stock, net	(1,342)		(291)	$ (1,051)
Net loss	(30,531)				(30,531)
Ending balance (in shares) at Mar. 31, 2018		26,644,082		221,780,000
Ending balance at Mar. 31, 2018	313,578	$ 266	446,022	$ (5,505)	(127,205)
Beginning balance (in shares) at Dec. 31, 2018		26,990,034		242,322,000
Beginning balance at Dec. 31, 2018	219,428	$ 270	464,264	$ (3,835)	(241,271)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		277,865
Issuances of restricted stock	0	$ 3	(3)
Amortization of equity-classified share-based compensation	3,275		3,275
Treasury stock, net (in shares)				68,227,000
Treasury stock, net	(343)		(163)	$ (180)
Net loss	(27,476)				(27,476)
Ending balance (in shares) at Mar. 31, 2019		27,267,899		310,549,000
Ending balance at Mar. 31, 2019	$ 194,884	$ 273	$ 467,373	$ (4,015)	$ (268,747)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net loss	$ (27,476)	$ (30,531)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	27,498	30,235
Accretion on asset retirement obligation	85	41
Change in allowance for doubtful accounts	(265)	(159)
Amortization of deferred financing costs	564	176
Amortization of debt discounts	262	1,474
Non-cash compensation	3,288	6,798
Loss on disposal of assets	1,455	1,779
Deferred income taxes	0	(78)
Changes in operating assets and liabilities:
Accounts receivable	4,763	(7,618)
Inventories	2,709	(812)
Prepaid expenses and other current assets	(1,282)	1,593
Other assets	(549)	44
Accounts payable	(20,496)	(5,987)
Income tax receivable	(1,851)	19
Other liabilities	(2,559)	(1,641)
Accrued expenses	15,658	9,215
Net cash provided by operating activities	1,804	4,548
Cash flows from investing activities:
Purchase of property and equipment	(18,885)	(15,412)
Proceeds from sale of assets	2,664	198
Net cash used in investing activities	(16,221)	(15,214)
Cash flows from financing activities:
Proceeds from debt	0	21,000
Payments of debt	(11,423)	(13,657)
Change in treasury stock including restricted stock issuances	(343)	(1,342)
Deferred loan costs and other financing activities	(321)	0
Net cash provided by (used in) financing activities	(12,087)	6,001
Net decrease in cash and cash equivalents	(26,504)	(4,665)
Cash and cash equivalents - beginning of period	90,300	86,223
Cash and cash equivalents - end of period	63,796	81,558
Noncash investing and financing activity:
Finance leases and notes issued for equipment	6,144	3,321
Change in accrued property and equipment	(994)	2,518
Change in asset retirement obligations	124	58
Income tax paid	$ 0	$ 0

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Nature of Operations	Basis of Presentation and Nature of Operations Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to Basic's organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements. 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 qualifies as a smaller reporting company if it has (i) 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 the Company's public float (the aggregate market value of its common equity held by non-affiliates) as of June 29, 2018, the Company is considered a smaller reporting company under the revised SEC rules and, as such, is 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 the Company to choose such disclosure requirements on an item-by-item basis. Liquidity and Capital Resources On October 2, 2018, the Company issued in a private offering $300.0 million aggregate principal amount of 10.75% senior secured notes due 2023 at 99.042% of par and entered into a new $150.0 million senior secured revolving credit facility. For further discussion see Note 4, "Long-Term Debt and Interest Expense". Basic's current primary capital resources are cash flow from operations, the availability under the New ABL Facility, the ability to enter into finance leases, the ability to incur additional secured indebtedness, and a cash balance of $63.8 million at March 31, 2019. The Company had $66.2 million of available borrowing capacity under the New ABL Facility at March 31, 2019. Nature of Operations Basic provides a wide range of well site services to oil and natural gas drilling and producing companies, including completion & 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, Wyoming, North Dakota, Colorado and California. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic's subsidiaries, for which Basic holds a majority voting interest. All intercompany transactions and balances have been eliminated. Segment Information In the first quarter of 2019, Basic revised its reportable segments for financial reporting purposes to combine its contract drilling operations with its rig manufacturing operations to form an Other Services segment. The Company's business now consists of the following four segments: Well Servicing, Water Logistics, Completion & Remedial Services, and Other Services. See Note 12, "Business Segment Information" for further information.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the components of property and equipment (in thousands): March 31, 2019 December 31, 2018 Land $ 20,827 $ 21,431 Buildings and improvements 41,212 40,524 Well service units and equipment 128,960 122,694 Fracturing/test tanks 121,206 123,550 Pumping equipment 103,532 103,689 Fluid services equipment 80,061 78,524 Disposal facilities 66,995 63,229 Rental equipment 67,735 62,642 Light vehicles 29,828 27,080 Contract drilling equipment 9,039 9,846 Other 4,262 4,257 Brine and fresh water stations 3,192 3,296 Software 833 857 Property and equipment, gross 677,682 661,619 Less accumulated depreciation and amortization (235,590) (212,818) Property and equipment, net $ 442,092 $ 448,801 Basic is obligated under various finance leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under finance leases and included above (in thousands): March 31, 2019 December 31, 2018 Fluid services equipment $ 35,437 $ 35,034 Pumping equipment 24,393 48,929 Light vehicles 21,182 18,376 Contract drilling equipment — 314 Well service units and equipment — 199 Property and equipment under finance lease, cost 81,012 102,852 Less accumulated amortization (22,513) (31,954) Property and equipment under finance lease, net $ 58,499 $ 70,898

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Basic had trade names of $3.4 million as of each of March 31, 2019 and December 31, 2018. Trade names have a 15-year life and are tested for impairment when triggering events are identified. Basic’s intangible assets subject to amortization were as follows (in thousands): March 31, 2019 December 31, 2018 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization (533) (474) Intangible assets subject to amortization, net $ 2,925 $ 2,984 Amortization expense of intangible assets for the three months ended March 31, 2019 and 2018 was as follows (in thousands): Three Months Ended March 31, 2019 2018 Intangible amortization expense $ 59 $ 60

Long-Term Debt and Interest Exp

Long-Term Debt and Interest Expense	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt and Interest Expense	Long-Term Debt and Interest Expense Long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 Finance leases and other notes 55,630 60,909 Unamortized discounts and deferred financing costs (10,807) (11,169) Total long-term debt 344,823 349,740 Less current portion 22,465 27,039 Total non-current portion of long-term debt $ 322,358 $ 322,701 Debt Discounts The following discounts on debt represent the unamortized discount to fair value of the Senior Notes and the short-term portions of the fair value discount o f finance leases (in thousands): March 31, 2019 December 31, 2018 Unamortized discount on Senior Notes $ 2,589 $ 2,731 Unamortized discount on finance leases - short-term 359 479 Unamortized deferred debt issuance costs 7,859 7,959 Total unamortized discounts and deferred financing costs $ 10,807 $ 11,169 Interest Expense Basic’s interest expense for the three months ended March 31, 2019 and 2018, consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Cash payments for interest $ 1,752 $ 8,578 Change in accrued interest 8,148 221 Amortization of discounts 262 1,474 Amortization of deferred debt costs 564 177 Commitment and other fees paid 11 809 Other 19 24 Total interest expense $ 10,756 $ 11,283 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 its previous credit facility (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 its 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 25.0% 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 35.0% of the aggregate principal amount of the Senior Notes at a redemption price equal to 110.8% 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 100.0% 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 105.4% of principal for a company sale that occurs on or after April 15, 2019 and on or before October 15, 2019, or 108.1% 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 101.0% 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 was fixed from the closing date to April 1, 2019. Following 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 March 31, 2019, Basic had no borrowings and $39.6 million of letters of credit outstanding under the New ABL Facility.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases Basic adopted ASU No. 2016-02, Topic 842 - Leases, effective January 1, 2019. This ASU requires lessees to recognize an operating lease right-of-use ("ROU") asset and liability on the balance sheet for all operating leases with an initial lease term greater than twelve months. Per ASU 2018-11 Leases – Targeted Improvements, allowed for a practical expedient wherein all periods previously reported under ASC 840 will continue to be reported under ASC 840, and periods beginning January 1, 2019 and after are reported under ASC 842. Basic elected to adopt this practical expedient along with the package of practical expedients which allows Basic to combine lease and non-lease costs, and not to assess whether existing or or expired land easements that were not previously accounted for as leases under Topic 840 are or contain a lease under this Topic. Under this transition option, Basic will continue to apply the legacy guidance in ASC 840, including its disclosure requirements, in the comparative periods presented and will make only annual disclosures for the comparative periods because ASC 840 does not require interim disclosures. Prior period amounts have not been adjusted and continue to be reflected in accordance with Basic’s historical accounting. The adoption of this standard resulted in the recording of ROU assets and lease liabilities of approximately of $20.8 million as of January 1, 2019, with no related impact on Basic’s Consolidated Statement of Equity or Consolidated Statement of Income (Loss) . As a lessee, Basic leases its corporate office headquarters in Fort Worth, Texas, and conducts its business operations through various regional offices located throughout the United States. These operating locations typically include regional offices, storage and maintenance yards, disposal facilities and employee housing sufficient to support its operations in the area. Basic leases most of these properties under non-cancelable term and month-to-month operating leases, many of which contain renewal options that can extend the lease term from one to five years and some of which contain escalation clauses. Basic also leases supplemental equipment, typically under cancelable short-term and very short term (less than 30 days) leases. Due to the nature of the Company's business, any option to renew these short-term leases, and the options to extend certain of its long-term real estate leases, are generally not considered reasonably certain to be exercised. Therefore, the periods covered by such optional periods are not included in the determination of the term of the lease, and the lease payments during these periods are similarly excluded from the calculation of operating lease asset and lease liability balances. Basic recognizes rent expense on a straight-line basis, except for certain variable expenses which are recognized when the variability is resolved, typically during the period in which they are paid. Variable lease payments typically include charges for property taxes and insurance, and some leases contain variable payments related to non-lease components, including common area maintenance and usage of facilities or office equipment (for example, copiers), which totaled approximately $0.3 million during the three months ended March 31, 2019. Prepaid rent total $0.2 million during the three months ended March, 31, 2019. Operating lease expense consists of rent expense related to leases which were included in ROU assets under Topic 842. The following table summarizes the components of the Company's lease expense recognized for the three months ending March 31, 2019, excluding variable lease and prepaid rent costs (amounts in thousands): Three Months ended March 31, 2019 Operating lease expense: Short-term operating lease expense $ 1,974 Long-term operating lease expense 2,185 Total operating lease expense $ 4,159 Finance lease expense: Amortization of right-of-use assets $ 5,440 Interest on lease liabilities 1,382 Total finance lease expense $ 6,822 Supplemental information related to leases was as follows: Weighted Average Remaining Lease Term (in years) Operating leases 3.0 Finance leases 2.6 Weighted Average Discount Rate Operating leases 14.4% Finance leases 8.0% Supplemental cash flow information related to leases was as follows for the periods presented (in thousands): Three Months ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 4,159 Operating cash outflows from finance leases 1,382 Financing cash outflows from finance leases 11,423 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — Finance leases 6,144 Supplemental balance sheet information related to leases was as follows for the periods presented (in thousands): March 31, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 19,321 $ 20,819 Operating lease right-of-use liabilities, current portion 5,347 5,649 Operating lease right-of-use liabilities, long-term portion 13,974 15,170 Total operating lease liabilities $ 19,321 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,012 $ 102,852 Accumulated depreciation (22,513) (31,954) Property and equipment, net $ 58,499 $ 70,898 Current portion of long-term debt $ 22,824 $ 27,519 Long-term debt 32,806 33,390 Total finance lease liabilities $ 55,630 $ 60,909 The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases Finance Leases 2019 $ 8,179 $ 27,519 2020 6,323 19,322 2021 5,438 10,697 2022 4,696 3,233 2023 1,248 83 Thereafter 1,215 55 Total lease payments $ 27,099 $ 60,909 Maturities of lease liabilities were as follows at March 31, 2019 (in thousands): Operating Leases Finance Leases 2019 $ 5,926 $ 17,575 2020 6,398 20,463 2021 5,517 12,156 2022 4,775 4,786 2023 1,308 595 Thereafter 1,158 55 Total lease payments $ 25,082 $ 55,630 Impact of discounting (5,761) Discounted value of operating lease obligations $ 19,321 Current operating lease liabilities $ 4,151 Noncurrent operating lease liabilities 15,170 $ 19,321
Leases	Leases Basic adopted ASU No. 2016-02, Topic 842 - Leases, effective January 1, 2019. This ASU requires lessees to recognize an operating lease right-of-use ("ROU") asset and liability on the balance sheet for all operating leases with an initial lease term greater than twelve months. Per ASU 2018-11 Leases – Targeted Improvements, allowed for a practical expedient wherein all periods previously reported under ASC 840 will continue to be reported under ASC 840, and periods beginning January 1, 2019 and after are reported under ASC 842. Basic elected to adopt this practical expedient along with the package of practical expedients which allows Basic to combine lease and non-lease costs, and not to assess whether existing or or expired land easements that were not previously accounted for as leases under Topic 840 are or contain a lease under this Topic. Under this transition option, Basic will continue to apply the legacy guidance in ASC 840, including its disclosure requirements, in the comparative periods presented and will make only annual disclosures for the comparative periods because ASC 840 does not require interim disclosures. Prior period amounts have not been adjusted and continue to be reflected in accordance with Basic’s historical accounting. The adoption of this standard resulted in the recording of ROU assets and lease liabilities of approximately of $20.8 million as of January 1, 2019, with no related impact on Basic’s Consolidated Statement of Equity or Consolidated Statement of Income (Loss) . As a lessee, Basic leases its corporate office headquarters in Fort Worth, Texas, and conducts its business operations through various regional offices located throughout the United States. These operating locations typically include regional offices, storage and maintenance yards, disposal facilities and employee housing sufficient to support its operations in the area. Basic leases most of these properties under non-cancelable term and month-to-month operating leases, many of which contain renewal options that can extend the lease term from one to five years and some of which contain escalation clauses. Basic also leases supplemental equipment, typically under cancelable short-term and very short term (less than 30 days) leases. Due to the nature of the Company's business, any option to renew these short-term leases, and the options to extend certain of its long-term real estate leases, are generally not considered reasonably certain to be exercised. Therefore, the periods covered by such optional periods are not included in the determination of the term of the lease, and the lease payments during these periods are similarly excluded from the calculation of operating lease asset and lease liability balances. Basic recognizes rent expense on a straight-line basis, except for certain variable expenses which are recognized when the variability is resolved, typically during the period in which they are paid. Variable lease payments typically include charges for property taxes and insurance, and some leases contain variable payments related to non-lease components, including common area maintenance and usage of facilities or office equipment (for example, copiers), which totaled approximately $0.3 million during the three months ended March 31, 2019. Prepaid rent total $0.2 million during the three months ended March, 31, 2019. Operating lease expense consists of rent expense related to leases which were included in ROU assets under Topic 842. The following table summarizes the components of the Company's lease expense recognized for the three months ending March 31, 2019, excluding variable lease and prepaid rent costs (amounts in thousands): Three Months ended March 31, 2019 Operating lease expense: Short-term operating lease expense $ 1,974 Long-term operating lease expense 2,185 Total operating lease expense $ 4,159 Finance lease expense: Amortization of right-of-use assets $ 5,440 Interest on lease liabilities 1,382 Total finance lease expense $ 6,822 Supplemental information related to leases was as follows: Weighted Average Remaining Lease Term (in years) Operating leases 3.0 Finance leases 2.6 Weighted Average Discount Rate Operating leases 14.4% Finance leases 8.0% Supplemental cash flow information related to leases was as follows for the periods presented (in thousands): Three Months ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 4,159 Operating cash outflows from finance leases 1,382 Financing cash outflows from finance leases 11,423 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — Finance leases 6,144 Supplemental balance sheet information related to leases was as follows for the periods presented (in thousands): March 31, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 19,321 $ 20,819 Operating lease right-of-use liabilities, current portion 5,347 5,649 Operating lease right-of-use liabilities, long-term portion 13,974 15,170 Total operating lease liabilities $ 19,321 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,012 $ 102,852 Accumulated depreciation (22,513) (31,954) Property and equipment, net $ 58,499 $ 70,898 Current portion of long-term debt $ 22,824 $ 27,519 Long-term debt 32,806 33,390 Total finance lease liabilities $ 55,630 $ 60,909 The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases Finance Leases 2019 $ 8,179 $ 27,519 2020 6,323 19,322 2021 5,438 10,697 2022 4,696 3,233 2023 1,248 83 Thereafter 1,215 55 Total lease payments $ 27,099 $ 60,909 Maturities of lease liabilities were as follows at March 31, 2019 (in thousands): Operating Leases Finance Leases 2019 $ 5,926 $ 17,575 2020 6,398 20,463 2021 5,517 12,156 2022 4,775 4,786 2023 1,308 595 Thereafter 1,158 55 Total lease payments $ 25,082 $ 55,630 Impact of discounting (5,761) Discounted value of operating lease obligations $ 19,321 Current operating lease liabilities $ 4,151 Noncurrent operating lease liabilities 15,170 $ 19,321

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following is a summary of the carrying amounts, net of discounts, and estimated fair values of the Company's Senior Notes as of March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 10.75% Senior Notes due 2023 1 $ 297,411 $ 245,568 $ 297,269 $ 257,806 The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and other accrued liabilities approximate fair value due to the short maturities of these instruments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
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 recognizes 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 was issued in the second quarter of 2018 for this audit, and Basic will appeal the preliminary report through the redetermination process. Based on the Company's analysis, the potential liability associated with this audit ranges from $6.0 million to $24.0 million. This range could potentially change in future periods as the appeal and redetermination process progresses. Net of good faith payments made by the Company, the Company currently has $5.1 million in its financial statements as liabilities and the related interest associated with the taxes of $0.3 million is included in interest expense for the three months ended March 31, 2019. 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 based upon third-party data and claims history. At March 31, 2019, short-term and long-term self-insured risk reserves were $7.2 million and $16.3 million, respectively. At December 31, 2018, short-term and long-term self-insured risk reserves were $6.7 million and $16.3 million, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders’ Equity	Stockholders’ EquityCommon StockBasic did not make any equity grants or issue any new shares in the quarter ended March 31, 2019. In February 2018, Basic granted certain members of management 203,625 performance-based restricted stock units and 203,625 restricted stock units, which each vest over a three

Incentive Plan

Incentive Plan	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plan	Incentive Plan During the three-month periods ended March 31, 2019 and 2018, compensation expense related to share-based arrangements under the Basic Energy Services, Inc. Management Incentive Plan (the “MIP”), including restricted stock, restricted stock units and stock option awards, was approximately $3.3 million and $6.8 million respectively. Basic did not recognize a tax benefit for compensation expense recognized during the three-month periods ended March 31, 2019 and 2018. At March 31, 2019, there was $13.2 million unrecognized compensation expense related to non-vested share-based compensation arrangements granted under the MIP. That cost is expected to be recognized over a weighted average period of 1.9 years. Stock Option Awards The fair value of each stock option is estimated on the date of grant using the Black-Scholes-Merton option-pricing model. Stock options granted under the MIP expire ten three The following table reflects changes during the three-month period and a summary of stock options outstanding at March 31, 2019: Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Options Exercise Term Value Non-statutory stock options: Granted Price (Years) (000's) Outstanding, beginning of period 595,736 $ 39.23 Options granted — — Options forfeited (6,474) $ 40.12 Options exercised — — Options expired (71,228) $ 39.23 Outstanding, end of period 518,034 $ 39.21 7.8 $— Exercisable, end of period 347,528 $ 39.21 7.8 $— Vested or expected to vest, end of period 170,506 $ 39.23 7.8 $— There were no stock options exercised during the three months ended March 31, 2019 and 2018. Restricted Stock Unit Awards Time-based A summary of the status of Basic’s non-vested restricted stock units at March 31, 2019 and changes during the three months ended March 31, 2019 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Restricted Stock Units Value Per Unit Non-vested at beginning of period 191,302 $ 16.58 Granted during period — — Vested during period (73,976) 16.17 Forfeited during period (2,912) 17.31 Non-vested at end of period 114,414 $ 16.83 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 three months ended March 31, 2019 and 2018, was $299,000 and $49,000, 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-based A summary of the status of Basic’s non-vested performance-based grants at March 31, 2019 and changes during the three months ended March 31, 2019 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Performance Stock Units Value Per Unit Non-vested at beginning of period 682,985 $ 27.27 Granted during period — — Vested during period (218,541) 36.33 Forfeited during period (9,764) 26.66 Non-vested at end of period 454,680 $ 22.93 The total fair value of performance-based restricted stock units vested during the three months ended March 31, 2019 and 2018 was $1.0 million and $4.8 million, respectively, and was 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, Basic’s Board of Directors (the "Board") approved grants of an aggregate of 48,400 restricted stock shares to non-employee members of the Board. These grants are subject to vesting over a period of ten Phantom Stock Awards On March 21, 2019, the Compensation Committee of the Board 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 March 22, 2019 was 370,350. These grants remain subject to vesting annually in one-third increments over a three

Revenues

Revenues	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Revenues The Company's revenues are generated by services, which are consumed as provided by its customers on their sites. As a decentralized organization, contracts for the Company's 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 the Company's 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 Basic is contractually entitled to bill for its services performed to date, revenues for these service lines are recognized on a daily basis as services are performed and recorded as Contract Assets rather than a WIP or Accounts Receivable. Contract Assets are typically invoiced within 30 to 60 days of recognizing revenue. As of March 31, 2019, accounts receivable related to products and services were $140.3 million compared to $144.8 million at December 31, 2018. At March 31, 2019, the Company had $1.6 million of contract assets and no contract liabilities on its consolidated balance sheet compared to $1.1 million of contract assets and $855,000 of contract liabilities on its consolidated balance sheet at December 31, 2018. Basic does not have any long-term service contracts, nor does it have revenue expected to be recognized in any future year related to remaining performance obligations or contracts with variable consideration related to undelivered performance obligations. The following table sets forth certain financial information with respect to Basic’s disaggregation of revenues by geographic location and type (in thousands): Completion & Remedial Services Water Logistics Well Servicing Other Services Total Three Months Ended March 31, 2019 Primary Geographical Markets Permian Basin $ 32,520 $ 31,687 $ 31,506 $ 3,033 $ 98,746 Texas Gulf Coast — 9,350 7,398 — 16,748 ArkLaTex & Mid-Continent 28,392 10,680 9,491 6,492 55,055 Rocky Mountain 17,893 6,542 6,089 — 30,524 West Coast — — 6,730 — 6,730 Corporate (Intercompany) (1,971) (2,658) (699) (5,273) (10,601) Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Major Products or Service Line Pumping equipment $ 25,716 $ — $ — $ — $ 25,716 Well servicing — — 51,383 — 51,383 Transport/vacuum — 32,554 — — 32,554 Coiled tubing 12,438 — — — 12,438 RAFT 20,643 — — — 20,643 Plugging — — 6,626 — 6,626 Production and disposal facilities — 5,600 — — 5,600 Hot oiler — 6,745 — — 6,745 Other 18,037 10,702 2,506 4,252 35,497 Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ 1301 $ 1,301 Products and services transferred over time 76,834 55,601 60,515 2,951 195,901 Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Three Months Ended March 31, 2018 Primary Geographical Markets Permian Basin $ 38,166 $ 30,588 $ 27,013 $ 3,156 $ 98,923 Texas Gulf Coast 809 8,874 7,315 — 16,998 ArkLaTex & Mid-Continent 49,727 10,706 8,642 2,150 71,225 Rocky Mountain 29,789 7,776 6,224 — 43,789 Eastern USA 1,690 — 2,185 — 3,875 West Coast — — 6,449 — 6,449 Corporate (Intercompany) (2,584) (1,435) (877) (1,698) (6,594) Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665 Major Products or Service Line Pumping equipment $ 72,810 $ — $ — $ — $ 72,810 Well servicing — — 48,536 — 48,536 Transport/vacuum — 35,245 — — 35,245 Coiled tubing 19,980 — — — 19,980 RAFT 20,782 — — — 20,782 Plugging — — 6,013 — 6,013 Production and disposal facilities — 5,651 — — 5,651 Hot oiler — 5,385 — — 5,385 Other 4,025 10,228 2,402 3,608 20,263 Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ — $ — Products and services transferred over time 117,597 56,509 56,951 3,608 234,665 Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table sets forth the computation of unaudited basic and diluted loss per share (in thousands, except share and per share data): Three Months Ended March 31, 2019 2018 (Unaudited) Numerator (both basic and diluted): Net loss $ (27,476) $ (30,531) Denominator: Denominator for basic and diluted loss per share 26,850,499 26,336,044 Basic loss per common share: $ (1.02) $ (1.16) Diluted loss per common share: $ (1.02) $ (1.16) 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 table sets forth potentially dilutive instruments: Three Months Ended March 31, 2019 2018 (Unaudited) Stock options 517,674 654,016 Warrants 2,066,576 2,066,624 Unvested restricted stock 6,153 3,536 Total 2,590,403 2,724,176

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information In the first quarter of 2019, the Company revised its reportable segments to combine its rig manufacturing business with its Contract Drilling segment, creating an Other Services segment. With this change, the Company's segments consist of: Well Servicing, Water Logistics, Completion & Remedial Services, and Other Services. These reporting segments, which are also the Company's operating segments, align with how the Chief Operating Decision Maker allocates resources and assesses performance against the Company’s key growth strategies. Costs related to other business activities, primarily corporate headquarter functions, are disclosed separately from the four operating segments as "Corporate." The Company evaluates segment performance on earnings before interest expense and income taxes. Products are transferred between segments and geographic areas on a basis intended to reflect as nearly as possible the “market value” of the products. Prior period segment information has been retrospectively revised to reflect Basic's current segmentation. The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion & Remedial Well Water Other Services Servicing Logistics Services Corporate Total Three Months Ended March 31, 2019 (Unaudited) Operating revenues $ 76,834 $ 60,515 $ 55,601 $ 4,252 $ — $ 197,202 Direct operating costs (63,433) (47,196) (37,299) (3,914) — (151,842) Segment profits 13,401 13,319 18,302 338 — 45,360 Depreciation and amortization 13,193 5,295 6,968 274 1,768 27,498 Capital expenditures including ARO additions 10,008 6,238 7,510 6 272 24,034 Identifiable assets $ 229,004 $ 102,033 $ 112,533 $ 4,252 $ 295,398 $ 743,220 Three Months Ended March 31, 2018 (Unaudited) Operating revenues $ 117,597 $ 56,951 $ 56,509 $ 3,608 $ — $ 234,665 Direct operating costs (89,659) (46,511) (40,923) (4,223) — (181,316) Segment profits 27,938 10,440 15,586 (615) — 53,349 Depreciation and amortization 14,260 5,700 7,726 492 2,057 30,235 Capital expenditures including ARO additions 11,517 6,705 2,189 407 433 21,251 Identifiable assets $ 255,067 $ 109,279 $ 123,599 $ 7,810 $ 315,810 $ 811,565 The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands): Three Months Ended March 31, 2019 2018 Segment profits $ 45,360 $ 53,349 General and administrative expenses (35,522) (40,978) Depreciation and amortization (27,498) (30,235) Loss on disposal of assets (1,455) (1,779) Operating loss $ (19,115) $ (19,643)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02 - “ Leases (Topic 842).

Basis of Presentation and Nat_2

Basis of Presentation and Nature of Operations (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Basic Energy Services, Inc. and subsidiaries (“Basic” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Certain information relating to Basic's organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q in accordance with GAAP and financial statement requirements promulgated by the U.S. Securities and Exchange Commission (“SEC”). The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Basic's subsidiaries, for which Basic holds a majority voting interest. All intercompany transactions and balances have been eliminated.
Segment Information	Segment Information In the first quarter of 2019, Basic revised its reportable segments for financial reporting purposes to combine its contract drilling operations with its rig manufacturing operations to form an Other Services segment. The Company's business now consists of the following four segments: Well Servicing, Water Logistics, Completion & Remedial Services, and Other Services. See Note 12, "Business Segment Information" for further information.
Estimates, Risks and Uncertainties	Estimates, Risks and UncertaintiesPreparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and 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.
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02 - “ Leases (Topic 842).

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	The following table summarizes the components of property and equipment (in thousands): March 31, 2019 December 31, 2018 Land $ 20,827 $ 21,431 Buildings and improvements 41,212 40,524 Well service units and equipment 128,960 122,694 Fracturing/test tanks 121,206 123,550 Pumping equipment 103,532 103,689 Fluid services equipment 80,061 78,524 Disposal facilities 66,995 63,229 Rental equipment 67,735 62,642 Light vehicles 29,828 27,080 Contract drilling equipment 9,039 9,846 Other 4,262 4,257 Brine and fresh water stations 3,192 3,296 Software 833 857 Property and equipment, gross 677,682 661,619 Less accumulated depreciation and amortization (235,590) (212,818) Property and equipment, net $ 442,092 $ 448,801 Basic is obligated under various finance leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under finance leases and included above (in thousands): March 31, 2019 December 31, 2018 Fluid services equipment $ 35,437 $ 35,034 Pumping equipment 24,393 48,929 Light vehicles 21,182 18,376 Contract drilling equipment — 314 Well service units and equipment — 199 Property and equipment under finance lease, cost 81,012 102,852 Less accumulated amortization (22,513) (31,954) Property and equipment under finance lease, net $ 58,499 $ 70,898

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Basic’s intangible assets subject to amortization were as follows (in thousands): March 31, 2019 December 31, 2018 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization (533) (474) Intangible assets subject to amortization, net $ 2,925 $ 2,984
Amortization Expense	Amortization expense of intangible assets for the three months ended March 31, 2019 and 2018 was as follows (in thousands): Three Months Ended March 31, 2019 2018 Intangible amortization expense $ 59 $ 60

Long-Term Debt and Interest E_2

Long-Term Debt and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 Finance leases and other notes 55,630 60,909 Unamortized discounts and deferred financing costs (10,807) (11,169) Total long-term debt 344,823 349,740 Less current portion 22,465 27,039 Total non-current portion of long-term debt $ 322,358 $ 322,701
Unamortized Discounts on Debt	The following discounts on debt represent the unamortized discount to fair value of the Senior Notes and the short-term portions of the fair value discount o f finance leases (in thousands): March 31, 2019 December 31, 2018 Unamortized discount on Senior Notes $ 2,589 $ 2,731 Unamortized discount on finance leases - short-term 359 479 Unamortized deferred debt issuance costs 7,859 7,959 Total unamortized discounts and deferred financing costs $ 10,807 $ 11,169
Interest Expense	Basic’s interest expense for the three months ended March 31, 2019 and 2018, consisted of the following (in thousands): Three Months Ended March 31, 2019 2018 Cash payments for interest $ 1,752 $ 8,578 Change in accrued interest 8,148 221 Amortization of discounts 262 1,474 Amortization of deferred debt costs 564 177 Commitment and other fees paid 11 809 Other 19 24 Total interest expense $ 10,756 $ 11,283

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components of lease expense and supplemental information	The following table summarizes the components of the Company's lease expense recognized for the three months ending March 31, 2019, excluding variable lease and prepaid rent costs (amounts in thousands): Three Months ended March 31, 2019 Operating lease expense: Short-term operating lease expense $ 1,974 Long-term operating lease expense 2,185 Total operating lease expense $ 4,159 Finance lease expense: Amortization of right-of-use assets $ 5,440 Interest on lease liabilities 1,382 Total finance lease expense $ 6,822 Supplemental information related to leases was as follows: Weighted Average Remaining Lease Term (in years) Operating leases 3.0 Finance leases 2.6 Weighted Average Discount Rate Operating leases 14.4% Finance leases 8.0% Supplemental cash flow information related to leases was as follows for the periods presented (in thousands): Three Months ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 4,159 Operating cash outflows from finance leases 1,382 Financing cash outflows from finance leases 11,423 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — Finance leases 6,144
Supplemental balance sheet information	Supplemental balance sheet information related to leases was as follows for the periods presented (in thousands): March 31, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 19,321 $ 20,819 Operating lease right-of-use liabilities, current portion 5,347 5,649 Operating lease right-of-use liabilities, long-term portion 13,974 15,170 Total operating lease liabilities $ 19,321 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,012 $ 102,852 Accumulated depreciation (22,513) (31,954) Property and equipment, net $ 58,499 $ 70,898 Current portion of long-term debt $ 22,824 $ 27,519 Long-term debt 32,806 33,390 Total finance lease liabilities $ 55,630 $ 60,909
Schedule of future minimum rental payments for operating leases	The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases Finance Leases 2019 $ 8,179 $ 27,519 2020 6,323 19,322 2021 5,438 10,697 2022 4,696 3,233 2023 1,248 83 Thereafter 1,215 55 Total lease payments $ 27,099 $ 60,909
Schedule of future minimum lease payments for capital leases	The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases Finance Leases 2019 $ 8,179 $ 27,519 2020 6,323 19,322 2021 5,438 10,697 2022 4,696 3,233 2023 1,248 83 Thereafter 1,215 55 Total lease payments $ 27,099 $ 60,909
Maturities of finance lease liabilities	Maturities of lease liabilities were as follows at March 31, 2019 (in thousands): Operating Leases Finance Leases 2019 $ 5,926 $ 17,575 2020 6,398 20,463 2021 5,517 12,156 2022 4,775 4,786 2023 1,308 595 Thereafter 1,158 55 Total lease payments $ 25,082 $ 55,630 Impact of discounting (5,761) Discounted value of operating lease obligations $ 19,321 Current operating lease liabilities $ 4,151 Noncurrent operating lease liabilities 15,170 $ 19,321
Maturities of operating lease liabilities	Maturities of lease liabilities were as follows at March 31, 2019 (in thousands): Operating Leases Finance Leases 2019 $ 5,926 $ 17,575 2020 6,398 20,463 2021 5,517 12,156 2022 4,775 4,786 2023 1,308 595 Thereafter 1,158 55 Total lease payments $ 25,082 $ 55,630 Impact of discounting (5,761) Discounted value of operating lease obligations $ 19,321 Current operating lease liabilities $ 4,151 Noncurrent operating lease liabilities 15,170 $ 19,321

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Carrying Amount and Fair Value of Financial Instruments	The following is a summary of the carrying amounts, net of discounts, and estimated fair values of the Company's Senior Notes as of March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 10.75% Senior Notes due 2023 1 $ 297,411 $ 245,568 $ 297,269 $ 257,806

Incentive Plan (Tables)

Incentive Plan (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table reflects changes during the three-month period and a summary of stock options outstanding at March 31, 2019: Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Options Exercise Term Value Non-statutory stock options: Granted Price (Years) (000's) Outstanding, beginning of period 595,736 $ 39.23 Options granted — — Options forfeited (6,474) $ 40.12 Options exercised — — Options expired (71,228) $ 39.23 Outstanding, end of period 518,034 $ 39.21 7.8 $— Exercisable, end of period 347,528 $ 39.21 7.8 $— Vested or expected to vest, end of period 170,506 $ 39.23 7.8 $—
Summary of Non-Vested Restricted Stock Units	A summary of the status of Basic’s non-vested restricted stock units at March 31, 2019 and changes during the three months ended March 31, 2019 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Restricted Stock Units Value Per Unit Non-vested at beginning of period 191,302 $ 16.58 Granted during period — — Vested during period (73,976) 16.17 Forfeited during period (2,912) 17.31 Non-vested at end of period 114,414 $ 16.83
Summary of Non-Vested Performance Stock Units	A summary of the status of Basic’s non-vested performance-based grants at March 31, 2019 and changes during the three months ended March 31, 2019 are presented in the following table: Weighted Average Number of Grant Date Fair Non-vested Units Performance Stock Units Value Per Unit Non-vested at beginning of period 682,985 $ 27.27 Granted during period — — Vested during period (218,541) 36.33 Forfeited during period (9,764) 26.66 Non-vested at end of period 454,680 $ 22.93

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table sets forth certain financial information with respect to Basic’s disaggregation of revenues by geographic location and type (in thousands): Completion & Remedial Services Water Logistics Well Servicing Other Services Total Three Months Ended March 31, 2019 Primary Geographical Markets Permian Basin $ 32,520 $ 31,687 $ 31,506 $ 3,033 $ 98,746 Texas Gulf Coast — 9,350 7,398 — 16,748 ArkLaTex & Mid-Continent 28,392 10,680 9,491 6,492 55,055 Rocky Mountain 17,893 6,542 6,089 — 30,524 West Coast — — 6,730 — 6,730 Corporate (Intercompany) (1,971) (2,658) (699) (5,273) (10,601) Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Major Products or Service Line Pumping equipment $ 25,716 $ — $ — $ — $ 25,716 Well servicing — — 51,383 — 51,383 Transport/vacuum — 32,554 — — 32,554 Coiled tubing 12,438 — — — 12,438 RAFT 20,643 — — — 20,643 Plugging — — 6,626 — 6,626 Production and disposal facilities — 5,600 — — 5,600 Hot oiler — 6,745 — — 6,745 Other 18,037 10,702 2,506 4,252 35,497 Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ 1301 $ 1,301 Products and services transferred over time 76,834 55,601 60,515 2,951 195,901 Total $ 76,834 $ 55,601 $ 60,515 $ 4,252 $ 197,202 Three Months Ended March 31, 2018 Primary Geographical Markets Permian Basin $ 38,166 $ 30,588 $ 27,013 $ 3,156 $ 98,923 Texas Gulf Coast 809 8,874 7,315 — 16,998 ArkLaTex & Mid-Continent 49,727 10,706 8,642 2,150 71,225 Rocky Mountain 29,789 7,776 6,224 — 43,789 Eastern USA 1,690 — 2,185 — 3,875 West Coast — — 6,449 — 6,449 Corporate (Intercompany) (2,584) (1,435) (877) (1,698) (6,594) Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665 Major Products or Service Line Pumping equipment $ 72,810 $ — $ — $ — $ 72,810 Well servicing — — 48,536 — 48,536 Transport/vacuum — 35,245 — — 35,245 Coiled tubing 19,980 — — — 19,980 RAFT 20,782 — — — 20,782 Plugging — — 6,013 — 6,013 Production and disposal facilities — 5,651 — — 5,651 Hot oiler — 5,385 — — 5,385 Other 4,025 10,228 2,402 3,608 20,263 Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ — $ — Products and services transferred over time 117,597 56,509 56,951 3,608 234,665 Total $ 117,597 $ 56,509 $ 56,951 $ 3,608 $ 234,665

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss Per Share	The following table sets forth the computation of unaudited basic and diluted loss per share (in thousands, except share and per share data): Three Months Ended March 31, 2019 2018 (Unaudited) Numerator (both basic and diluted): Net loss $ (27,476) $ (30,531) Denominator: Denominator for basic and diluted loss per share 26,850,499 26,336,044 Basic loss per common share: $ (1.02) $ (1.16) Diluted loss per common share: $ (1.02) $ (1.16)
Schedule of Potentially Dilutive Instruments	The following table sets forth potentially dilutive instruments: Three Months Ended March 31, 2019 2018 (Unaudited) Stock options 517,674 654,016 Warrants 2,066,576 2,066,624 Unvested restricted stock 6,153 3,536 Total 2,590,403 2,724,176

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Financial Information with Respect to Reportable Segments	The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): Completion & Remedial Well Water Other Services Servicing Logistics Services Corporate Total Three Months Ended March 31, 2019 (Unaudited) Operating revenues $ 76,834 $ 60,515 $ 55,601 $ 4,252 $ — $ 197,202 Direct operating costs (63,433) (47,196) (37,299) (3,914) — (151,842) Segment profits 13,401 13,319 18,302 338 — 45,360 Depreciation and amortization 13,193 5,295 6,968 274 1,768 27,498 Capital expenditures including ARO additions 10,008 6,238 7,510 6 272 24,034 Identifiable assets $ 229,004 $ 102,033 $ 112,533 $ 4,252 $ 295,398 $ 743,220 Three Months Ended March 31, 2018 (Unaudited) Operating revenues $ 117,597 $ 56,951 $ 56,509 $ 3,608 $ — $ 234,665 Direct operating costs (89,659) (46,511) (40,923) (4,223) — (181,316) Segment profits 27,938 10,440 15,586 (615) — 53,349 Depreciation and amortization 14,260 5,700 7,726 492 2,057 30,235 Capital expenditures including ARO additions 11,517 6,705 2,189 407 433 21,251 Identifiable assets $ 255,067 $ 109,279 $ 123,599 $ 7,810 $ 315,810 $ 811,565
Reconciliation of Segment Profits to Consolidated Operating Loss	The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands): Three Months Ended March 31, 2019 2018 Segment profits $ 45,360 $ 53,349 General and administrative expenses (35,522) (40,978) Depreciation and amortization (27,498) (30,235) Loss on disposal of assets (1,455) (1,779) Operating loss $ (19,115) $ (19,643)

Basis of Presentation and Nat_3

Basis of Presentation and Nature of Operations (Details)	Oct. 02, 2018USD ($)	Mar. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Cash and cash equivalents		$ 63,796,000	$ 90,300,000
Number of reportable segments | segment		4
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 300,000,000
Stated interest rate	10.75%
Debt discount percentage	99.042%
ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000	$ 66,200,000

Property and Equipment - Compon

Property and Equipment - Components of property and equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 677,682	$ 661,619
Less accumulated depreciation and amortization	(235,590)	(212,818)
Property and equipment, net	442,092	448,801
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	81,012
Property and equipment, at cost		102,852
Less accumulated depreciation	(22,513)
Less accumulated depreciation		(31,954)
Property and equipment under finance lease, net	58,499
Property and equipment under finance lease, net		70,898
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	20,827	21,431
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	41,212	40,524
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	128,960	122,694
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	0
Property and equipment, at cost		199
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	121,206	123,550
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	103,532	103,689
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	24,393
Property and equipment, at cost		48,929
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	80,061	78,524
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	35,437
Property and equipment, at cost		35,034
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	66,995	63,229
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	67,735	62,642
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	29,828	27,080
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	21,182
Property and equipment, at cost		18,376
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	9,039	9,846
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	0
Property and equipment, at cost		314
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,262	4,257
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	3,192	3,296
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 833	$ 857

Property and Equipment - Narrat

Property and Equipment - Narrative (Details)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Capital lease obligation period	5 years

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,458	$ 3,458
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,410	$ 3,410
Amortization period of intangible assets	15 years

Intangible Assets - Assets subj

Intangible Assets - Assets subject to amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,458	$ 3,458
Less accumulated amortization	(533)	(474)
Intangible assets subject to amortization, net	2,925	2,984
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	3,410	3,410
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 48	$ 48

Intangible Assets - Amortizatio

Intangible Assets - Amortization expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible amortization expense	$ 59	$ 60

Long-Term Debt and Interest E_3

Long-Term Debt and Interest Expense - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Finance leases and other notes	$ 55,630	$ 60,909
Unamortized discounts and deferred financing costs	(10,807)	(11,169)
Total long-term debt	344,823	349,740
Less current portion	22,465	27,039
Total non-current portion of long-term debt	322,358	322,701
10.75% Senior Notes due 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000	$ 300,000

Long-Term Debt and Interest E_4

Long-Term Debt and Interest Expense - Unamortized Discounts (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Unamortized deferred debt issuance costs	$ 7,859	$ 7,959
Total unamortized discounts and deferred financing costs	10,807	11,169
Finance leases- short-term
Debt Instrument [Line Items]
Unamortized discount	359
Finance leases- short-term
Debt Instrument [Line Items]
Unamortized discount		479
10.75% Senior Notes due 2023
Debt Instrument [Line Items]
Unamortized discount	$ 2,589	$ 2,731

Long-Term Debt and Interest E_5

Long-Term Debt and Interest Expense - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Disclosure [Abstract]
Cash payments for interest	$ 1,752	$ 8,578
Change in accrued interest	8,148	221
Amortization of discounts	262	1,474
Amortization of deferred debt costs	564	177
Commitment and other fees paid	11	809
Other	19	24
Interest expense	$ 10,756	$ 11,283

Long-Term Debt and Interest E_6

Long-Term Debt and Interest Expense - Narrative (Details) - USD ($)	Oct. 02, 2018	Mar. 31, 2019
Debt Instrument [Line Items]
Repayments of debt	$ 290,000,000
Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 300,000,000
Stated interest rate	10.75%
Debt discount percentage	99.042%
Debt yield	11.00%
ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000	$ 66,200,000
Maximum capacity for base rate protective advances	10,000,000
ABL Facility | Letters of Credit
Debt Instrument [Line Items]
Letters of credit outstanding		$ 39,600,000
Maximum borrowing capacity	50,000,000
ABL Facility | Swingline Loans
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000
Minimum | Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage of aggregate principal amount outstanding		25.00%
Redemption period, on or prior to October 15, 2020 | Senior Notes
Debt Instrument [Line Items]
Debt discount percentage		110.80%
Redemption period, on or prior to October 15, 2020 | Maximum | Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage of aggregate principal amount outstanding		35.00%
Redemption period, prior to October 15, 2020 | Senior Notes
Debt Instrument [Line Items]
Debt discount percentage		100.00%
Redemption period, between April 15, 2019 and October 15, 2019 | Senior Notes
Debt Instrument [Line Items]
Debt discount percentage		105.40%
Redemption period, between October 15, 2019 and October 15, 2020 | Senior Notes
Debt Instrument [Line Items]
Debt discount percentage		108.10%
Redemption period due to change in control | Senior Notes
Debt Instrument [Line Items]
Debt discount percentage		101.00%

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 19,321
Operating lease liabilities	19,321
Variable lease cost	300
Prepaid rent	$ 200
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 20,800
Operating lease liabilities		$ 20,800

Leases - Components of lease ex

Leases - Components of lease expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Lease cost
Short-term operating lease expense	$ 1,974
Long-term operating lease expense	2,185
Total operating lease expense	4,159
Amortization of right-of-use assets	5,440
Interest on lease liabilities	1,382
Total finance lease expense	$ 6,822
Weighted average remaining lease term (in years): Operating leases	3 years
Weighted average remaining lease term (in years): Finance leases	2 years 7 months 6 days
Weighted average discount rate: Operating leases (as a percent)	14.40%
Weighted average discount rate: Operating leases (as a percent)	8.00%
Operating cash outflows from operating leases	$ 4,159
Operating cash outflows from finance leases	1,382
Financing cash outflows from finance leases	11,423
Right-of-use asset obtained in exchange for operating lease liability	0
Right-of-use asset obtained in exchange for fiance lease liability	$ 6,144

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Right-of-Use Assets under Operating Leases
Operating lease right-of-use assets	$ 19,321
Operating lease right-of-use assets		$ 20,819
Operating lease right-of-use liabilities, current portion	5,347
Operating lease right-of-use liabilities, current portion		5,649
Operating lease right-of-use liabilities, long-term portion	13,974
Operating lease right-of-use liabilities, long-term portion		15,170
Total operating lease liabilities	19,321
Total operating lease liabilities		20,819
Right-of-Use Assets under Finance Leases
Property and equipment, at cost	81,012
Property and equipment, at cost		102,852
Accumulated depreciation	(22,513)
Accumulated depreciation		(31,954)
Property and equipment under finance lease, net	58,499
Property and equipment under finance lease, net		70,898
Current portion of long-term debt	22,824
Current portion of long-term debt		27,519
Long-term debt	32,806
Long-term debt		33,390
Total finance lease liabilities	$ 55,630
Total finance lease liabilities		$ 60,909

Leases - Schedule of future min

Leases - Schedule of future minimum payments for operating and finance leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases
2019	$ 8,179
2020	6,323
2021	5,438
2022	4,696
2023	1,248
Thereafter	1,215
Total lease payments	27,099
Finance Leases
2019	27,519
2020	19,322
2021	10,697
2022	3,233
2023	83
Thereafter	55
Total lease payments	$ 60,909

Leases - Maturities of operatin

Leases - Maturities of operating and financing lease liabilities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Operating Leases
2019	$ 5,926
2020	6,398
2021	5,517
2022	4,775
2023	1,308
Thereafter	1,158
Total lease payments	25,082
Impact of discounting	(5,761)
Total operating lease liabilities	19,321
Current operating lease liabilities	4,151
Operating lease right-of-use liabilities, long-term portion	13,974
Noncurrent operating lease liabilities	15,170
Finance Leases
2019	17,575
2020	20,463
2021	12,156
2022	4,786
2023	595
Thereafter	55
Total lease payments	$ 55,630

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Level 1 - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
10.75% Senior Notes due 2023	$ 297,411	$ 297,269
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
10.75% Senior Notes due 2023	$ 245,568	$ 257,806

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Loss Contingencies [Line Items]
Sales and use tax audit, accrual	$ 5,100,000
Interest expense	10,756,000	$ 11,283,000
Self insurance deductible for workers compensation	4,000,000
Self insurance deductible for general liability claims	1,000,000
Self insurance deductible for medical coverage	400,000
Self insurance deductible for automobile liability	1,000,000
Short-term self-insured risk reserves	7,200,000		$ 6,700,000
Long-term self-insured risk reserves	16,300,000		$ 16,300,000
Sales and Use Tax Audit
Loss Contingencies [Line Items]
Interest expense	300,000
Sales and Use Tax Audit | Minimum
Loss Contingencies [Line Items]
Sales and use tax, estimate of possible liability	6,000,000
Sales and Use Tax Audit | Maximum
Loss Contingencies [Line Items]
Sales and use tax, estimate of possible liability	$ 24,000,000

Stockholders' Equity (Details)

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

Incentive Plan - Narrative (Det

Incentive Plan - Narrative (Details) - USD ($)	Mar. 22, 2019	May 21, 2018	Mar. 15, 2017	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit from compensation expense				$ 0	$ 0
Compensation expense				3,300,000	$ 6,800,000
Unrecognized compensation expense				$ 13,200,000
Weighted average remaining life				1 year 10 months 24 days
Stock options exercised (in shares)				0	0
Fair value of share based awards vested				$ 299,000	$ 49,000
Fair value of performance-based restricted stock units				1,000,000	4,800,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense				755,000	1,100,000
Unrecognized compensation expense				$ 2,500,000
Options expiration period				10 years
Vesting period				3 years
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		10 months
Fair value of share based awards vested				$ 33,000	77,000
Granted during period (in shares)		48,400		0
Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense				$ 13,000	$ 276,000
Vesting period	3 years
Shares issued (in shares)	370,350
Phantom Restricted Stock Awards | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Phantom Restricted Stock Awards | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Phantom Restricted Stock Awards | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Options Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Number of Options Granted
Outstanding, beginning of period (in shares)	595,736
Options granted (in shares)	0
Options forfeited (in shares)	(6,474)
Options exercised (in shares)	0	0
Options expired (in shares)	(71,228)
Outstanding, end of period (in shares)	518,034
Exercisable, end of period, number of options granted (in shares)	347,528
Vested or expected to vest, end of period, number of options granted (in shares)	170,506
Weighted Average Exercise Price
Outstanding, beginning of period (dollars per share)	$ 39.23
Options granted (dollars per share)	0
Options forfeited (dollars per share)	40.12
Options exercised (dollars per share)	0
Options expired (dollars per share)	39.23
Outstanding, end of period (dollars per share)	39.21
Exercisable, end of period (dollars per share)	39.21
Vested or expected to vest, end of period (dollars per share)	$ 39.23
Weighted Average Remaining Contractual Term
Outstanding, end of period	7 years 9 months 18 days
Exercisable, end of period	7 years 9 months 18 days
Vested or expected to vest, end of period	7 years 9 months 18 days
Aggregate Intrinsic Value
Outstanding, end of period	$ 0
Exercisable, end of period	0
Vested or expected to vest, end of period	$ 0

Incentive Plan - Summary of Non

Incentive Plan - Summary of Non-Vested Stock Units (Details) - $ / shares	May 21, 2018	Mar. 31, 2019
Restricted stock awards and restricted stock units
Number of Shares
Nonvested at beginning of period (in shares)		191,302
Granted during period (in shares)	48,400	0
Vested during period (in shares)		(73,976)
Forfeited during period (in shares)		(2,912)
Nonvested at end of period (in shares)		114,414
Weighted Average Grant Date Fair Value Per Share
Nonvested at beginning of period (dollars per share)		$ 16.58
Granted during period (dollars per share)		0
Vested during period (dollars per share)		16.17
Forfeited during period (dollars per share)		17.31
Nonvested at end of period (dollars per share)		$ 16.83
Performance shares
Number of Shares
Nonvested at beginning of period (in shares)		682,985
Granted during period (in shares)		0
Vested during period (in shares)		(218,541)
Forfeited during period (in shares)		(9,764)
Nonvested at end of period (in shares)		454,680
Weighted Average Grant Date Fair Value Per Share
Nonvested at beginning of period (dollars per share)		$ 27.27
Granted during period (dollars per share)		0
Vested during period (dollars per share)		36.33
Forfeited during period (dollars per share)		26.66
Nonvested at end of period (dollars per share)		$ 22.93

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 140,269,000	$ 144,767,000
Contract assets	1,600,000	1,100,000
Contract liabilities	$ 0	$ 855,000

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 197,202	$ 234,665
Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,301	0
Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	195,901	234,665
Pumping equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	25,716	72,810
Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	51,383	48,536
Transport/vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	32,554	35,245
Coiled tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	12,438	19,980
RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	20,643	20,782
Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,626	6,013
Production and disposal facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	5,600	5,651
Hot oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,745	5,385
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	35,497	20,263
Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	98,746	98,923
Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	16,748	16,998
ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	55,055	71,225
Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	30,524	43,789
Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		3,875
West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,730	6,449
Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(10,601)	(6,594)
Completion & Remedial Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	76,834	117,597
Completion & Remedial Services | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	76,834	117,597
Completion & Remedial Services | Pumping equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	25,716	72,810
Completion & Remedial Services | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Transport/vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Coiled tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	12,438	19,980
Completion & Remedial Services | RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	20,643	20,782
Completion & Remedial Services | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Production and disposal facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Hot oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	18,037	4,025
Completion & Remedial Services | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	32,520	38,166
Completion & Remedial Services | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	809
Completion & Remedial Services | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	28,392	49,727
Completion & Remedial Services | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,893	29,789
Completion & Remedial Services | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		1,690
Completion & Remedial Services | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(1,971)	(2,584)
Water Logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	55,601	56,509
Water Logistics | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	55,601	56,509
Water Logistics | Pumping equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Transport/vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	32,554	35,245
Water Logistics | Coiled tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Production and disposal facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	5,600	5,651
Water Logistics | Hot oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,745	5,385
Water Logistics | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	10,702	10,228
Water Logistics | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,687	30,588
Water Logistics | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,350	8,874
Water Logistics | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	10,680	10,706
Water Logistics | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,542	7,776
Water Logistics | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		0
Water Logistics | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(2,658)	(1,435)
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	60,515	56,951
Well Servicing | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	60,515	56,951
Well Servicing | Pumping equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	51,383	48,536
Well Servicing | Transport/vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Coiled tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,626	6,013
Well Servicing | Production and disposal facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Hot oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,506	2,402
Well Servicing | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,506	27,013
Well Servicing | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,398	7,315
Well Servicing | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,491	8,642
Well Servicing | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,089	6,224
Well Servicing | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		2,185
Well Servicing | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,730	6,449
Well Servicing | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(699)	(877)
Other Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,252	3,608
Other Services | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,301	0
Other Services | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,951	3,608
Other Services | Pumping equipment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Well servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Transport/vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Coiled tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Production and disposal facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Hot oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,252	3,608
Other Services | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	3,033	3,156
Other Services | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,492	2,150
Other Services | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		0
Other Services | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other Services | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ (5,273)	$ (1,698)

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator (both basic and diluted):
Net loss	$ (27,476)	$ (30,531)
Denominator:
Denominator for basic and diluted loss per share (in shares)	26,850,499	26,336,044
Basic loss per common share (in dollars per share)	$ (1.02)	$ (1.16)
Diluted loss per common share (in dollars per share)	$ (1.02)	$ (1.16)

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Potentially Dilutive Instruments (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares (in shares)	2,590,403	2,724,176
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares (in shares)	517,674	654,016
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares (in shares)	2,066,576	2,066,624
Restricted stock awards and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares (in shares)	6,153	3,536

Business Segment Information -

Business Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Segment Reporting [Abstract]
Number of operating segments	4

Business Segment Information _2

Business Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Operating revenues	$ 197,202	$ 234,665
Direct operating costs	(151,842)	(181,316)
Segment profits	45,360	53,349
Depreciation and amortization	27,498	30,235
Capital expenditures including ARO additions	24,034	21,251
Identifiable assets	743,220	811,565	$ 761,777
Corporate and Other
Segment Reporting Information [Line Items]
Operating revenues	0	0
Direct operating costs	0	0
Segment profits	0	0
Depreciation and amortization	1,768	2,057
Capital expenditures including ARO additions	272	433
Identifiable assets	295,398	315,810
Completion & Remedial Services
Segment Reporting Information [Line Items]
Operating revenues	76,834	117,597
Completion & Remedial Services | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	76,834	117,597
Direct operating costs	(63,433)	(89,659)
Segment profits	13,401	27,938
Depreciation and amortization	13,193	14,260
Capital expenditures including ARO additions	10,008	11,517
Identifiable assets	229,004	255,067
Well Servicing
Segment Reporting Information [Line Items]
Operating revenues	60,515	56,951
Well Servicing | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	60,515	56,951
Direct operating costs	(47,196)	(46,511)
Segment profits	13,319	10,440
Depreciation and amortization	5,295	5,700
Capital expenditures including ARO additions	6,238	6,705
Identifiable assets	102,033	109,279
Water Logistics
Segment Reporting Information [Line Items]
Operating revenues	55,601	56,509
Water Logistics | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	55,601	56,509
Direct operating costs	(37,299)	(40,923)
Segment profits	18,302	15,586
Depreciation and amortization	6,968	7,726
Capital expenditures including ARO additions	7,510	2,189
Identifiable assets	112,533	123,599
Other Services
Segment Reporting Information [Line Items]
Operating revenues	4,252	3,608
Other Services | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	4,252	3,608
Direct operating costs	(3,914)	(4,223)
Segment profits	338	(615)
Depreciation and amortization	274	492
Capital expenditures including ARO additions	6	407
Identifiable assets	$ 4,252	$ 7,810

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Profits to Consolidated Operating Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting [Abstract]
Segment profits	$ 45,360	$ 53,349
General and administrative expense	(35,522)	(40,978)
Depreciation and amortization	(27,498)	(30,235)
Loss on disposal of assets	(1,455)	(1,779)
Operating loss	$ (19,115)	$ (19,643)