Basic Energy Services (BASWQ) 10-Q 1 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover page.
Entity Registrant Name	BASIC ENERGY SERVICES, INC.
Current Fiscal Year End Date	--12-31
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	BAS
Security Exchange Name	NYSE
Entity Central Index Key	0001109189
Entity Tax Identification Number	54-2091194
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Amendment Flag	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity File Number	001-32693
Entity Address, Address Line One	801 Cherry Street
Entity Address, Address Line Two	Suite 2100
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	334-4100
Entity Common Stock, Shares Outstanding		24,946,685

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 50,460	$ 90,300
Trade receivable, net of allowances of $2,549 and $1,838, respectively	123,655	144,767
Income tax receivable	0	1,574
Inventories	28,039	36,449
Prepaid expenses	14,784	17,479
Other current assets	8,958	4,640
Total current assets	225,896	295,209
Property and equipment, net	406,878	448,801
Operating lease right-of-use assets	17,248
Deferred debt costs, net of amortization	2,346	2,747
Intangible assets, net of amortization	2,806	2,984
Other assets	12,455	12,036
Total assets	667,629	761,777
Current liabilities:
Accounts payable	66,396	98,323
Accrued expenses	65,345	44,956
Current portion of long-term debt, net of $120 and $479 discount at September 30, 2019 and December 31, 2018, respectively	22,627	27,039
Operating lease right-of-use liabilities, current portion	5,459
Accrued short-term insurance reserves	8,221	10,870
Other current liabilities	4,031	3,123
Total current liabilities	172,079	184,311
Long-term debt, net of discounts and deferred financing costs of $9,385 and $10,690, at September 30, 2019 and December 31, 2018, respectively	313,511	322,701
Operating lease right-of-use liabilities, long-term portion	11,789
Asset retirement obligations	9,331	2,587
Accrued long-term insurance reserves	18,800	18,624
Other long-term liabilities	14,174	14,126
Stockholders' equity:
Preferred stock; $0.01 par value; 5,000,000 shares authorized; zero outstanding at September 30, 2019 and December 31, 2018	0	0
Common stock; $0.01 par value; 80,000,000 shares authorized; 27,912,059 and 26,990,034 shares issued and 24,946,685 and 26,747,712 shares outstanding at September 30, 2019 and December 31, 2018, respectively	279	270
Additional paid-in capital	471,648	464,264
Retained deficit	(335,401)	(241,271)
Treasury stock, at cost, 2,965,374 and 242,322 shares at September 30, 2019 and December 31, 2018, respectively	(8,581)	(3,835)
Total stockholders' equity	127,945	219,428
Total liabilities and stockholders' equity	$ 667,629	$ 761,777

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for trade accounts receivable	$ 2,549	$ 1,838
Current portion of long-term debt, discounts	120	479
Discounts and deferred debt costs	$ 9,385	$ 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	27,912,059	26,990,034
Common stock, shares outstanding	24,946,685	26,747,712
Treasury stock, shares	2,965,374	242,322

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Total revenues	$ 178,365	$ 246,334	$ 565,414	$ 734,368
Expenses:
Expenses	138,466	190,399	433,472	567,673
General and administrative, including stock-based compensation of $1,386 and $5,570 in the three months ended September 30, 2019 and 2018 and $8,237 and $21,995 for the nine months ended September 30, 2019 and 2018, respectively	32,125	39,599	102,450	132,038
Depreciation and amortization	29,179	32,754	85,668	94,150
Impaired asset expense	3,216	0	3,216	0
Loss on disposal of assets	837	191	2,634	3,891
Total expenses	203,823	262,943	627,440	797,752
Operating loss	(25,458)	(16,609)	(62,026)	(63,384)
Other income (expense):
Interest expense	(11,729)	(10,896)	(33,003)	(34,985)
Interest income	112	88	472	175
Other income	215	81	565	492
Loss before income taxes	(36,860)	(27,336)	(93,992)	(97,702)
Income tax (expense) benefit	(2,017)	0	(138)	(219)
Net loss	$ (38,877)	$ (27,336)	$ (94,130)	$ (97,921)
Loss per share of common stock:
Basic (in dollars per share)	$ (1.52)	$ (1.03)	$ (3.55)	$ (3.70)
Diluted (in dollars per share)	$ (1.52)	$ (1.03)	$ (3.55)	$ (3.70)
Completion & Remedial Services
Revenues:
Total revenues	$ 70,002	$ 115,978	$ 224,897	$ 360,523
Expenses:
Expenses	53,825	89,777	176,918	279,963
Well Servicing
Revenues:
Total revenues	57,094	64,314	175,777	184,533
Expenses:
Expenses	43,510	50,591	135,752	145,303
Water Logistics
Revenues:
Total revenues	48,451	59,539	155,083	175,727
Expenses:
Expenses	34,783	42,785	107,611	127,716
Other Services
Revenues:
Total revenues	2,818	6,503	9,657	13,585
Expenses:
Expenses	$ 6,348	$ 7,246	$ 13,191	$ 14,691

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Stock-based compensation included in general and administrative expense	$ 1,386	$ 5,570	$ 8,237	$ 21,995

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
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	(1,342)		(291)	$ (1,051)
Treasury stock, net (in shares)				69,337
Net loss	(30,531)				(30,531)
Ending balance (in shares) at Mar. 31, 2018		26,644,082		221,780
Ending balance at Mar. 31, 2018	313,578	$ 266	446,022	$ (5,505)	(127,205)
Beginning balance (in shares) at Dec. 31, 2017		26,371,572		152,443
Beginning balance at Dec. 31, 2017	338,653	$ 264	439,517	$ (4,454)	(96,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(97,921)
Ending balance (in shares) at Sep. 30, 2018		26,765,089		217,618
Ending balance at Sep. 30, 2018	261,010	$ 268	459,477	$ (4,140)	(194,595)
Beginning balance (in shares) at Mar. 31, 2018		26,644,082		221,780
Beginning balance at Mar. 31, 2018	313,578	$ 266	446,022	$ (5,505)	(127,205)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		48
Issuances of restricted stock	2		2
Amortization of equity-classified share-based compensation	9,626		9,626
Treasury stock, net	(1)		(1,743)	$ 1,742
Treasury stock, net (in shares)				(48,400)
Net loss	(40,054)				(40,054)
Ending balance (in shares) at Jun. 30, 2018		26,644,130		173,380
Ending balance at Jun. 30, 2018	283,151	$ 266	453,907	$ (3,763)	(167,259)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		120,959
Issuances of restricted stock	0	$ 2	(2)
Amortization of equity-classified share-based compensation	5,571		5,571
Treasury stock, net	(376)		1	$ (377)
Treasury stock, net (in shares)				44,238
Net loss	(27,336)				(27,336)
Ending balance (in shares) at Sep. 30, 2018		26,765,089		217,618
Ending balance at Sep. 30, 2018	261,010	$ 268	459,477	$ (4,140)	(194,595)
Beginning balance (in shares) at Dec. 31, 2018		26,990,034		242,322
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	(343)		(163)	$ (180)
Treasury stock, net (in shares)				68,227
Net loss	(27,476)				(27,476)
Ending balance (in shares) at Mar. 31, 2019		27,267,899		310,549
Ending balance at Mar. 31, 2019	194,884	$ 273	467,373	$ (4,015)	(268,747)
Beginning balance (in shares) at Dec. 31, 2018		26,990,034		242,322
Beginning balance at Dec. 31, 2018	219,428	$ 270	464,264	$ (3,835)	(241,271)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(94,130)				(94,130)
Ending balance (in shares) at Sep. 30, 2019		27,912,059		2,965,374
Ending balance at Sep. 30, 2019	127,945	$ 279	471,648	$ (8,581)	(335,401)
Beginning balance (in shares) at Mar. 31, 2019		27,267,899		310,549
Beginning balance at Mar. 31, 2019	194,884	$ 273	467,373	$ (4,015)	(268,747)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock (in shares)		644,160
Issuances of restricted stock	0	$ 6	(6)
Amortization of equity-classified share-based compensation	3,329		3,329
Treasury stock, net	(1,340)			$ (1,340)
Treasury stock, net (in shares)				596,194
Net loss	(27,777)				(27,777)
Ending balance (in shares) at Jun. 30, 2019		27,912,059		906,743
Ending balance at Jun. 30, 2019	169,096	$ 279	470,696	$ (5,355)	(296,524)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock	0
Amortization of equity-classified share-based compensation	1,165		1,165
Treasury stock, net	(3,439)		(213)	$ (3,226)
Treasury stock, net (in shares)				2,058,631
Net loss	(38,877)				(38,877)
Ending balance (in shares) at Sep. 30, 2019		27,912,059		2,965,374
Ending balance at Sep. 30, 2019	$ 127,945	$ 279	$ 471,648	$ (8,581)	$ (335,401)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (94,130)	$ (97,921)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	85,668	94,150
Impaired asset expense and inventory write-downs	7,080	0
Accretion on asset retirement obligation	607	115
Change in allowance for doubtful accounts	711	278
Amortization of deferred financing costs	1,745	586
Amortization of debt discounts	789	3,708
Non-cash compensation	8,237	21,995
Loss on disposal of assets	2,634	3,891
Deferred income taxes	0	(78)
Changes in operating assets and liabilities:
Accounts receivable	20,401	(7,977)
Inventories	4,546	313
Prepaid expenses and other current assets	2,404	7,010
Other assets	(8)	(49)
Accounts payable	(31,617)	5,736
Income tax receivable	1,574	291
Other liabilities	131	8,629
Accrued expenses	17,740	15,705
Net cash provided by operating activities	28,512	56,382
Cash flows from investing activities:
Purchase of property and equipment	(46,263)	(48,588)
Proceeds from sale of assets	7,122	1,942
Payments for other long-term assets	(411)	0
Net cash used in investing activities	(39,552)	(46,646)
Cash flows from financing activities:
Proceeds from debt	0	32,500
Payments of debt	(23,209)	(50,313)
Change in treasury stock including restricted stock issuances	(5,122)	(1,717)
Deferred loan costs and other financing activities	(469)	(585)
Net cash used in financing activities	(28,800)	(20,115)
Net decrease in cash and cash equivalents	(39,840)	(10,379)
Cash and cash equivalents - beginning of period	90,300	86,223
Cash and cash equivalents - end of period	50,460	75,844
Noncash investing and financing activity:
Finance leases and notes issued for equipment	7,943	16,565
Change in accrued property and equipment	310	3,675
Change in asset retirement obligations	$ 6,420	$ (148)

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	9 Months Ended
	Sep. 30, 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 (defined in Note 4, "Long-Term Debt and Interest Expense"), the ability to enter into finance leases, the ability to incur additional secured indebtedness, and a cash balance of $50.5 million at September 30, 2019. The Company had $50.4 million of available borrowing capacity under the New ABL Facility at September 30, 2019. Nature of Operations Basic provides a wide range of wellsite 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 13, "Business Segment Information" for further information. Estimates, Risks and Uncertainties Preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets 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, asset retirement obligations and self-insured risk reserves. Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at lower of cost or net realizable value. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out method.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the components of property and equipment (in thousands): September 30, 2019 December 31, 2018 Land $ 20,351 $ 21,431 Buildings and improvements 40,392 40,524 Well service units and equipment 130,300 122,694 Fracturing/test tanks 119,999 123,550 Pumping equipment 102,294 103,689 Fluid services equipment 79,426 78,524 Disposal facilities 83,655 63,229 Rental equipment 65,775 62,642 Light vehicles 30,563 27,080 Brine and fresh water stations 4,374 3,296 Software 925 857 Other 4,415 4,257 Contract drilling equipment — 9,846 Property and equipment, gross 682,469 661,619 Less accumulated depreciation and amortization 275,591 212,818 Property and equipment, net $ 406,878 $ 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): September 30, 2019 December 31, 2018 Fluid services equipment $ 35,595 $ 35,034 Pumping equipment 22,958 48,929 Light vehicles 22,245 18,376 Rental equipment 1,131 — Contract drilling equipment — 314 Well service units and equipment — 199 Property and equipment under finance lease, cost 81,929 102,852 Less accumulated amortization 30,000 31,954 Property and equipment under finance lease, net $ 51,929 $ 70,898 During the period ended September 30, 2019, based on the Company's evaluation of the demand for contract drilling services, the Company's management decided to divest all nine of Basic's contract drilling rigs and related ancillary equipment, having a carrying value of $9.3 million. The Company determined that the carrying value of these assets may not be fully recoverable upon liquidation. The fair value of assets was determined after considering third-party estimates of expected liquidation value, and an impairment of $3.2 million was recognized on the consolidated statement of operations during the quarter ended September 30, 2019. The remaining carrying value of $6.1 million was transferred to assets held for sale, which is included in other current assets on the Company's consolidated balance sheets. The divestiture of the contract drilling rig assets does not represent part of Basic's asset base, revenue base, or a strategic shift for the Company. Basic's estimate of expected cash flows which may result from the sale of equipment may differ from actual cash received due to excess capacity in the industry.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Basic had trade names of $3.4 million as of September 30, 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): September 30, 2019 December 31, 2018 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization 652 474 Intangible assets subject to amortization, net $ 2,806 $ 2,984 Amortization expense of intangible assets for the three and nine months ended September 30, 2019 and 2018 was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Intangible asset amortization expense $ 59 $ 60 $ 178 $ 178

Long-Term Debt and Interest Exp

Long-Term Debt and Interest Expense	9 Months Ended
	Sep. 30, 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): September 30, 2019 December 31, 2018 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 Finance leases and other notes 45,643 60,909 Unamortized discounts and deferred financing costs (9,505) (11,169) Total long-term debt 336,138 349,740 Less current portion 22,627 27,039 Total non-current portion of long-term debt $ 313,511 $ 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): September 30, 2019 December 31, 2018 Unamortized discount on Senior Notes $ 2,301 $ 2,731 Unamortized discount on finance leases - short-term 120 479 Unamortized deferred debt issuance costs 7,084 7,959 Total unamortized discounts and deferred financing costs $ 9,505 $ 11,169 Interest Expense Basic’s interest expense for the three and nine months ended September 30, 2019, and 2018, consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cash payments for interest $ 1,580 $ 8,266 $ 22,310 $ 24,408 Change in accrued interest 9,236 56 8,050 3,046 Amortization of discounts 265 967 789 3,709 Amortization of deferred debt costs 590 214 1,745 586 Commitment and other fees paid 12 1,338 36 3,141 Other 46 55 73 95 Total interest expense $ 11,729 $ 10,896 $ 33,003 $ 34,985 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%. 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% in aggregate principal amount of the outstanding Senior Notes may declare the entire principal of, premium, if any, and accrued and unpaid interest, if any, on all the Senior Notes to be due and payable immediately. At any time on or prior to October 15, 2020, the Company may redeem up to 35% of the aggregate principal amount of the Senior Notes at a redemption price equal to 110.8% 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% 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. The applicable rate has remained unchanged since inception of the New ABL Facility. 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 September 30, 2019, Basic had no borrowings and $37.7 million of letters of credit outstanding under the New ABL Facility.

Leases

Leases	9 Months Ended
	Sep. 30, 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. ASU 2018-11 Leases – Targeted Improvements, allows 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 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 Shareholders' Equity or Consolidated Statement of Operations. 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 either non-cancelable term leases many of which contain renewal options that can extend the lease term from one five Operating lease expense consists of rent expense related to leases that were included in ROU assets under Topic 842. Basic recognizes operating lease expense on a straight-line basis, except for certain variable expenses that are recognized when the variability is resolved, typically during the period in which they are paid. Variable operating 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 and $0.8 million during the three and nine months ended September 30, 2019, respectively. Prepaid rent totaled $0.1 million at September 30, 2019. The following table summarizes the components of the Company's lease expense recognized for the three and nine months ending September 30, 2019, excluding variable lease and prepaid rent costs (in thousands): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease expense: Short-term operating lease expense $ 1,118 $ 4,630 Long-term operating lease expense 2,178 6,533 Total operating lease expense $ 3,296 $ 11,163 Finance lease expense: Amortization of right-of-use assets $ 4,052 $ 13,388 Interest on lease liabilities 1,239 3,957 Total finance lease expense $ 5,291 $ 17,345 Supplemental information related to leases was as follows: September 30, 2019 Operating leases Weighted average remaining lease term 3.0 years Weighted average discount rate 15.2% Finance leases Weighted average remaining lease term 2.2 years Weighted average discount rate 8.1% Supplemental cash flow information related to leases was as follows for the nine months ended September 30, 2019 (in thousands): Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,163 Operating cash outflows from finance leases 3,957 Financing cash outflows from finance leases 23,209 Right-of-use assets obtained in exchange for lease obligations: Operating leases 1,597 Finance leases $ 7,943 Supplemental balance sheet information related to leases was as follows as of September 30, 2019, and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 17,248 $ 20,819 Operating lease right-of-use liabilities, current portion 5,459 5,649 Operating lease right-of-use liabilities, long-term portion 11,789 15,170 Total operating lease liabilities $ 17,248 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,929 $ 102,852 Less accumulated depreciation 30,000 31,954 Property and equipment, net $ 51,929 $ 70,898 Current portion of long-term debt $ 22,747 $ 27,519 Long-term debt 22,896 33,390 Total finance lease liabilities $ 45,643 $ 60,909 The Company adopted ASU 2016-02 on January 1, 2019 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 and September 30, 2019 were as follows (in thousands): December 31, 2018 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 September 30, 2019 Operating Leases Finance Leases 2019 $ 2,060 $ 6,241 2020 7,075 20,840 2021 5,712 12,567 2022 4,807 5,250 2023 1,257 810 Thereafter 1,091 55 Total lease payments $ 22,002 $ 45,763 Impact of discounting (4,754) (120) Discounted value of operating lease obligations $ 17,248 $ 45,643
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. ASU 2018-11 Leases – Targeted Improvements, allows 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 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 Shareholders' Equity or Consolidated Statement of Operations. 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 either non-cancelable term leases many of which contain renewal options that can extend the lease term from one five Operating lease expense consists of rent expense related to leases that were included in ROU assets under Topic 842. Basic recognizes operating lease expense on a straight-line basis, except for certain variable expenses that are recognized when the variability is resolved, typically during the period in which they are paid. Variable operating 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 and $0.8 million during the three and nine months ended September 30, 2019, respectively. Prepaid rent totaled $0.1 million at September 30, 2019. The following table summarizes the components of the Company's lease expense recognized for the three and nine months ending September 30, 2019, excluding variable lease and prepaid rent costs (in thousands): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease expense: Short-term operating lease expense $ 1,118 $ 4,630 Long-term operating lease expense 2,178 6,533 Total operating lease expense $ 3,296 $ 11,163 Finance lease expense: Amortization of right-of-use assets $ 4,052 $ 13,388 Interest on lease liabilities 1,239 3,957 Total finance lease expense $ 5,291 $ 17,345 Supplemental information related to leases was as follows: September 30, 2019 Operating leases Weighted average remaining lease term 3.0 years Weighted average discount rate 15.2% Finance leases Weighted average remaining lease term 2.2 years Weighted average discount rate 8.1% Supplemental cash flow information related to leases was as follows for the nine months ended September 30, 2019 (in thousands): Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,163 Operating cash outflows from finance leases 3,957 Financing cash outflows from finance leases 23,209 Right-of-use assets obtained in exchange for lease obligations: Operating leases 1,597 Finance leases $ 7,943 Supplemental balance sheet information related to leases was as follows as of September 30, 2019, and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 17,248 $ 20,819 Operating lease right-of-use liabilities, current portion 5,459 5,649 Operating lease right-of-use liabilities, long-term portion 11,789 15,170 Total operating lease liabilities $ 17,248 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,929 $ 102,852 Less accumulated depreciation 30,000 31,954 Property and equipment, net $ 51,929 $ 70,898 Current portion of long-term debt $ 22,747 $ 27,519 Long-term debt 22,896 33,390 Total finance lease liabilities $ 45,643 $ 60,909 The Company adopted ASU 2016-02 on January 1, 2019 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 and September 30, 2019 were as follows (in thousands): December 31, 2018 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 September 30, 2019 Operating Leases Finance Leases 2019 $ 2,060 $ 6,241 2020 7,075 20,840 2021 5,712 12,567 2022 4,807 5,250 2023 1,257 810 Thereafter 1,091 55 Total lease payments $ 22,002 $ 45,763 Impact of discounting (4,754) (120) Discounted value of operating lease obligations $ 17,248 $ 45,643

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 10.75% Senior Notes due 2023 1 $ 297,699 $ 244,997 $ 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. Basic did not have any assets or liabilities that were measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018.

Asset Retirement Obligations

Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset Retirement Obligation The Company has the obligation to plug and remediate its saltwater disposal wellsites when the assets are to be retired. This asset retirement obligation ("ARO") includes plugging inactive assets, removal of surface equipment, and returning the land to its original state. The Company records a liability for the fair value of asset retirement obligations ("AROs") that we can reasonably estimate, on a discounted basis, in the period in which the asset is acquired. The fair value of the liability is calculated using discounted cash flow techniques and based on internal estimates and assumptions related to (i) future retirement costs, (ii) expected remaining lives of the assets (iii) future inflation rates, and (iv) credit adjusted risk-free interest rates. Significant increases or decreases in these assumptions could result in a significant change to the fair value measurement. During the quarter ended September 30, 2019, Basic revised our estimated ARO liability upward by $6.4 million based on updated data gathered from increasing plugging and abandoning activity incurred during 2019. The following table presents activity in our AROs (in thousands): Nine Months Ended September 30, 2019 Balance as of January 1, 2019 $ 2,587 Additions 280 Revision in estimate 6,140 Disposals (124) Expenditures (159) Accretion expense 607 Balance as of September 30, 2019 $ 9,331

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 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. The Company 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, the Company 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 the Company’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. The Company 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. State Tax 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 the Company will appeal the preliminary report through the redetermination process. Based upon 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 recorded a $4.5 million liability. Interest expense associated with the taxes for the nine months ended September 30, 2019, of $0.2 million is included in approximately $1.9 million of accrued interest on the liability. On August 15, 2019, the Company was notified by the Oklahoma Tax Commission (the "OTC") that the tax court had issued findings, conclusions, and recommendations in an on-going tax case related to tax years 2006 through 2008. Based on the ruling and the advice of our Oklahoma tax counsel, the Company decided to negotiate a settlement with the OTC. The Company's analysis is that the potential liability associated with the settlement may range from $2.3 million to $3.5 million. The Company recorded $2.3 million of income tax and interest payable, which are included as accrued expenses on our consolidated balance sheets, and the related expense during the quarter ended September 30, 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 $2.0 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.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders’ Equity	Stockholders’ EquityCommon StockIn the second quarter of 2019, Basic granted certain members of management time-based restricted stock awards representing an aggregate 533,160 shares of common stock of the Company, which vest over a three ten

Incentive Plan

Incentive Plan	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Incentive Plan	Incentive Plan On May 14, 2019, the stockholders of the Company approved the Basic Energy Services, Inc. 2019 Long Term Incentive Plan (the “LTIP”) to succeed the Basic Energy Services, Inc. Management Incentive Plan (the “MIP”). The LTIP became effective on May 14, 2019, and replaced the MIP. A total of 681,657 shares of the Company’s common stock are reserved for issuance pursuant to the LTIP. No further awards will be granted under the MIP. During the nine month period ended September 30, 2019, and 2018, compensation expenses related to share-based arrangements under the MIP and the LTIP, including restricted stock, restricted stock units and stock option awards, were approximately $7.8 million and $22.0 million, respectively. During the three months ended September 30, 2019, and 2018, compensation expenses related to share-based arrangements under the MIP and LTIP, including restricted stock, restricted stock units and stock option awards, were approximately $1.2 million and $5.6 million, respectively. The decrease in compensation expense is primarily related to forfeiture credits in Q3 2019 related to an executive resignation. Basic did not recognize a tax benefit for compensation expense recognized during the three and nine month periods ended September 30, 2019 and 2018. At September 30, 2019, there was $5.8 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 2.1 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 and the LTIP expire ten three The following table reflects changes during the nine-month period and a summary of stock options outstanding at September 30, 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 (77,704) $ 39.30 Outstanding, end of period 511,558 $ 39.23 7.3 $— Exercisable, end of period 341,052 $ 39.23 7.3 $— Vested or expected to vest, end of period 170,506 $ 39.23 7.3 $— There were no stock options exercised during the nine months ended September 30, 2019, and 2018. Restricted Stock Unit Awards Time-based A summary of the status of Basic’s non-vested restricted stock units at September 30, 2019, and changes during the nine months ended September 30, 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 $ 16.59 Granted during period 653,160 2.53 Vested during period (73,976) 16.17 Forfeited during period (148,560) 5.78 Non-vested at end of period 621,926 $ 1.28 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 nine months ended September 30, 2019 and 2018, was $299,000 and $474,000, 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 September 30, 2019, and changes during the nine months ended September 30, 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 (138,019) 28.66 Non-vested at end of period 326,425 $ 25.63 The total fair value of performance-based restricted stock units vested during the nine months ended September 30, 2019, and 2018 was $1.0 million and $5.4 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 15, 2019, the Board made grants of time-based restricted stock awards representing an aggregate 120,000 shares of common stock of the Company to non-employee members of the Board. These grants are subject to vesting fully on the first anniversary of the grant date and are subject to accelerated vesting under certain circumstances. In the second quarter of 2019, the Board also made grants of time-based restricted stock awards representing an aggregate 533,160 shares of common stock of the Company to certain members of management. These grants are subject to vesting over a three The total fair value of restricted stock awards vested during the nine months ended September 30, 2019, and 2018 was $33,000 and $77,000, 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. 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 aggregate 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 On May 15, 2019, the Compensation Committee of the Board made grants of phantom restricted stock to certain members of management. The aggregate number of phantom shares issued on May 15, 2019 to certain members of management was 524,160. These grants remain subject to vesting annually in one-third increments over a three On May 15, 2019, the Compensation Committee of the Board made grants of phantom restricted stock to non-employee members of the Board. The number of phantom shares issued on May 15, 2019 to non-employee members of the Board was 54,000. These grants remain subject to vesting fully on the first anniversary of the grant date, and are subject to accelerated vesting in certain circumstances. Total expense related to this grant in nine-month period ended September 30, 2019 was approximately $35,000. In the second quarter of 2019, the Compensation Committee of the Board approved grants of phantom performance-based restricted stock to certain members of management. The performance-based phantom stock awards are tied to Basic’s achievement of total stockholder return (“TSR”) relative to the TSR of a peer group of energy services companies over the performance period. The number of phantom shares to be issued will range from 0% to 150% of the 1,069,320 target number of phantom shares. Any phantom shares earned at the end of the performance period will then remain subject to vesting in one-half increments on May 15, 2021, and 2022 (subject to accelerated vesting in certain circumstances). Phantom shares are recorded as a liability at fair value calculated using a Monte Carlo valuation and are included in other current liabilities. Total expense related to performance-

Revenues

Revenues	9 Months Ended
	Sep. 30, 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 September 30, 2019, accounts receivable related to products and services were $123.7 million compared to $144.8 million at December 31, 2018. At September 30, 2019, the Company had $1.8 million of contract assets and $778,000 of 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. Contract assets are included in Trade Receivables, and contract liabilities are included in Other Current Liabilities on our consolidated balances sheets. 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): Reportable Segments Completion & Remedial Services Well Servicing Water Logistics Other Services Total Nine Months Ended September 30, 2019 Primary Geographical Markets Permian Basin $ 62,932 $ 91,165 $ 82,982 $ 8,160 $ 245,239 Texas Gulf Coast 6,733 22,394 28,627 — 57,754 ArkLaTex & Mid-Continent 101,443 28,868 34,010 10,917 175,238 Rocky Mountain 58,535 18,620 17,465 — 94,620 West Coast — 16,838 — — 16,838 Corporate (Intercompany) (4,746) (2,108) (8,001) (9,420) (24,275) Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Major Products or Service Line Fracturing $ 66,342 $ — $ — $ — $ 66,342 Rental Tool Revenue 60,027 — — — 60,027 Coiled Tubing 43,875 — — — 43,875 Snubbing 3,137 — — — 3,137 Well Servicing — 148,065 — — 148,065 Plugging — 20,307 — — 20,307 Transport/Vacuum — — 93,740 — 93,740 Hot Oiler — — 16,437 — 16,437 Production and Disposal Facilities — — 15,637 — 15,637 Other 51,516 7,405 29,269 9,657 97,847 Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ 1,302 $ 1,302 Products and services transferred over time 224,897 175,777 155,083 8,355 564,112 Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Nine Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 102,059 $ 88,427 $ 94,302 $ 9,220 $ 294,008 Texas Gulf Coast 11,663 21,290 26,644 — 59,597 ArkLaTex & Mid-Continent 172,864 28,150 33,234 11,709 245,957 Rocky Mountain 76,869 20,681 25,798 — 123,348 Eastern USA 3,609 5,560 — — 9,169 West Coast — 22,520 — — 22,520 Corporate (Intercompany) (6,541) (2,096) (4,251) (7,343) (20,231) Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Major Products or Service Line Fracturing $ 165,597 $ — $ — $ — $ 165,597 Rental Tool Revenue 66,153 — — — 66,153 Coiled Tubing 52,487 — — — 52,487 Snubbing 9,654 — — — 9,654 Well Servicing — 157,766 — — 157,766 Plugging — 19,219 — — 19,219 Transport/Vacuum — — 107,932 — 107,932 Hot Oiler — — 15,084 — 15,084 Production and Disposal Facilities — — 17,853 — 17,853 Other 66,632 7,547 34,858 13,586 122,623 Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ 3,331 $ 3,331 Products and services transferred over time 360,523 184,532 175,727 10,255 731,037 Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Completion & Remedial Services Well Servicing Water Logistics Other Services Total Three Months Ended September 30, 2019 Primary Geographical Markets Permian Basin $ 21,162 $ 29,231 $ 25,048 $ 2,670 $ 78,111 Texas Gulf Coast 1,390 7,356 10,043 — 18,789 ArkLaTex & Mid-Continent 28,179 9,716 10,665 717 49,277 Rocky Mountain 20,062 6,404 5,395 — 31,861 West Coast — 4,981 — — 4,981 Corporate (Intercompany) (791) (594) (2,700) (569) (4,654) Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Major Products or Service Line Fracturing Equipment $ 17,326 $ — $ — $ — $ 17,326 Rental Tool Revenue 19,572 — — — 19,572 Coiled Tubing 15,248 — — — 15,248 Snubbing 1,034 — — — 1,034 Well Servicing — 47,481 — — 47,481 Plugging — 7,227 — — 7,227 Transport/Vacuum — — 30,277 — 30,277 Hot Oiler — — 4,950 — 4,950 Production and Disposal Facilities — — 4,574 — 4,574 Other 16,822 2,386 8,650 2,818 30,676 Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ — $ — Products and services transferred over time 70,002 57,094 48,451 2,818 178,365 Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Three Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 29,344 $ 31,046 $ 31,647 $ 3,598 $ 95,635 Texas Gulf Coast 3,509 6,635 9,156 — 19,300 ArkLaTex & Mid-Continent 58,692 10,271 10,913 6,080 85,956 Rocky Mountain 26,513 7,546 9,190 — 43,249 Eastern USA 652 1,090 — — 1,742 West Coast — 8,341 — — 8,341 Corporate (Intercompany) (2,732) (615) (1,367) (3,175) (7,889) Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334 Major Products or Service Line Fracturing Equipment $ 49,076 $ — $ — $ — $ 49,076 Rental Tool Revenue 23,511 — — — 23,511 Coiled Tubing 17,328 — — — 17,328 Snubbing 2,213 — — — 2,213 Well Servicing — 55,098 — — 55,098 Plugging — 6,685 — — 6,685 Transport/Vacuum — — 35,889 — 35,889 Hot Oiler — — 4,696 — 4,696 Production and Disposal Facilities — — 6,158 — 6,158 Other 23,850 2,531 12,796 6,503 45,680 Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ 2,601 $ 2,601 Products and services transferred over time 115,978 64,314 59,539 3,902 243,733 Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334

Loss Per Share

Loss Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share The following table sets forth the computation of unaudited basic and diluted loss per share for the three and nine months ended September 30, 2019 and 2018 (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net loss $ (38,877) $ (27,336) $ (94,130) $ (97,921) Denominator: Denominator for basic and diluted loss per share 25,606,264 26,509,944 26,551,592 26,430,681 Basic loss per common share: $ (1.52) $ (1.03) $ (3.55) $ (3.70) Diluted loss per common share: $ (1.52) $ (1.03) $ (3.55) $ (3.70) 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 weighted average shares outstanding of potentially dilutive instruments for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Unaudited) (Unaudited) Stock options 511,558 608,688 511,558 608,688 Warrants 2,066,576 2,066,576 2,066,576 2,066,576 Weighted average unvested restricted stock 631,742 86,761 326,054 37,656 Total 3,209,876 2,762,025 2,904,188 2,712,920

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 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 for the three and nine months ended September 30, 2019 and 2018 (in thousands): Completion & Remedial Well Water Other Services Servicing Logistics Services Corporate Total Three Months Ended September 30, 2019 (Unaudited) Operating revenues $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ — $ 178,365 Direct operating costs (53,825) (43,510) (34,783) (6,348) — (138,466) Segment profits $ 16,177 $ 13,584 $ 13,668 $ (3,530) $ — $ 39,899 Depreciation and amortization $ 13,930 $ 5,608 $ 7,774 $ 64 $ 1,803 $ 29,179 Capital expenditures $ 2,494 $ 1,622 $ 7,273 $ — $ 212 $ 11,601 Three Months Ended September 30, 2018 (Unaudited) Operating revenues $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ — $ 246,334 Direct operating costs (89,777) (50,591) (42,785) (7,246) — (190,399) Segment profits $ 26,201 $ 13,723 $ 16,754 $ (743) $ — $ 55,935 Depreciation and amortization $ 16,563 $ 6,533 $ 7,214 $ 314 $ 2,130 $ 32,754 Capital expenditures $ 10,664 $ 4,921 $ 6,710 $ 43 $ 804 $ 23,142 Nine Months Ended September 30, 2019 (Unaudited) Operating revenues $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ — $ 565,414 Direct operating costs (176,918) (135,752) (107,611) (13,191) — (433,472) Segment profits $ 47,979 $ 40,025 $ 47,472 $ (3,534) $ — $ 131,942 Depreciation and amortization $ 40,898 $ 16,464 $ 22,824 $ 189 $ 5,293 $ 85,668 Capital expenditures $ 17,634 $ 13,127 $ 22,300 $ 123 $ 712 $ 53,896 Identifiable assets $ 205,950 $ 82,819 $ 115,693 $ 5,483 $ 257,684 $ 667,629 Nine Months Ended September 30, 2018 (Unaudited) Operating revenues $ 360,523 $ 184,533 $ 175,727 $ 13,585 $ — $ 734,368 Direct operating costs (279,963) (145,303) (127,716) (14,691) — (567,673) Segment profits $ 80,560 $ 39,230 $ 48,011 $ (1,106) $ — $ 166,695 Depreciation and amortization $ 45,638 $ 18,196 $ 22,978 $ 1,097 $ 6,241 $ 94,150 Capital expenditures $ 32,002 $ 17,227 $ 17,488 $ 553 $ 1,558 $ 68,828 Identifiable assets $ 245,273 $ 105,287 $ 115,803 $ 5,203 $ 307,404 $ 778,970 The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Segment profits $ 39,899 $ 55,935 $ 131,942 $ 166,695 General and administrative expenses (32,125) (39,599) (102,450) (132,038) Depreciation and amortization (29,179) (32,754) (85,668) (94,150) Loss on disposal of assets (837) (191) (2,634) (3,891) Asset impairment (3,216) $ — (3,216) — Operating loss $ (25,458) $ (16,609) $ (62,026) $ (63,384)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 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). ” The purpose of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Basic has adopted the standard effective January 1, 2019, and has included the disclosures required by ASU 2016-02. For further discussion see Note 5, "Leases". In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The new standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Basic is currently evaluating the impact of this pronouncement on its consolidated financial statements In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract." ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. The effective date of this pronouncement is for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The standard can be adopted either using the prospective or retrospective transition approach. Basic is currently evaluating the impact of this pronouncement on its consolidated financial statements.

Basis of Presentation and Nat_2

Basis of Presentation and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 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. 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.
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 13, "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, asset retirement obligations and self-insured risk reserves.
Inventories	Inventories For rental and fishing tools, inventories consisting mainly of grapples, controls and drill bits are stated at lower of cost or net realizable value. Other inventories, consisting mainly of manufacturing raw materials, rig components, repair parts, drilling and completion materials and gravel, are held for use in the operations of Basic and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out method.
Asset Retirement Obligations	Asset Retirement ObligationThe Company has the obligation to plug and remediate its saltwater disposal wellsites when the assets are to be retired. This asset retirement obligation ("ARO") includes plugging inactive assets, removal of surface equipment, and returning the land to its original state. The Company records a liability for the fair value of asset retirement obligations ("AROs") that we can reasonably estimate, on a discounted basis, in the period in which the asset is acquired. The fair value of the liability is calculated using discounted cash flow techniques and based on internal estimates and assumptions related to (i) future retirement costs, (ii) expected remaining lives of the assets (iii) future inflation rates, and (iv) credit adjusted risk-free interest rates. Significant increases or decreases in these assumptions could result in a significant change to the fair value measurement.
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02 - “ Leases (Topic 842). ” The purpose of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Basic has adopted the standard effective January 1, 2019, and has included the disclosures required by ASU 2016-02. For further discussion see Note 5, "Leases". In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The new standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Basic is currently evaluating the impact of this pronouncement on its consolidated financial statements In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract." ASU 2018-15 requires implementation costs incurred by customers in cloud computing arrangements to be deferred over the noncancellable term of the cloud computing arrangements plus any optional renewal periods (1) that are reasonably certain to be exercised by the customer or (2) for which exercise of the renewal option is controlled by the cloud service provider. The effective date of this pronouncement is for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The standard can be adopted either using the prospective or retrospective transition approach. Basic is currently evaluating the impact of this pronouncement on its consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	The following table summarizes the components of property and equipment (in thousands): September 30, 2019 December 31, 2018 Land $ 20,351 $ 21,431 Buildings and improvements 40,392 40,524 Well service units and equipment 130,300 122,694 Fracturing/test tanks 119,999 123,550 Pumping equipment 102,294 103,689 Fluid services equipment 79,426 78,524 Disposal facilities 83,655 63,229 Rental equipment 65,775 62,642 Light vehicles 30,563 27,080 Brine and fresh water stations 4,374 3,296 Software 925 857 Other 4,415 4,257 Contract drilling equipment — 9,846 Property and equipment, gross 682,469 661,619 Less accumulated depreciation and amortization 275,591 212,818 Property and equipment, net $ 406,878 $ 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): September 30, 2019 December 31, 2018 Fluid services equipment $ 35,595 $ 35,034 Pumping equipment 22,958 48,929 Light vehicles 22,245 18,376 Rental equipment 1,131 — Contract drilling equipment — 314 Well service units and equipment — 199 Property and equipment under finance lease, cost 81,929 102,852 Less accumulated amortization 30,000 31,954 Property and equipment under finance lease, net $ 51,929 $ 70,898

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Basic’s intangible assets subject to amortization were as follows (in thousands): September 30, 2019 December 31, 2018 Trade names $ 3,410 $ 3,410 Other intangible assets 48 48 Intangible assets 3,458 3,458 Less accumulated amortization 652 474 Intangible assets subject to amortization, net $ 2,806 $ 2,984
Amortization Expense	Amortization expense of intangible assets for the three and nine months ended September 30, 2019 and 2018 was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Intangible asset amortization expense $ 59 $ 60 $ 178 $ 178

Long-Term Debt and Interest E_2

Long-Term Debt and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following (in thousands): September 30, 2019 December 31, 2018 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 Finance leases and other notes 45,643 60,909 Unamortized discounts and deferred financing costs (9,505) (11,169) Total long-term debt 336,138 349,740 Less current portion 22,627 27,039 Total non-current portion of long-term debt $ 313,511 $ 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): September 30, 2019 December 31, 2018 Unamortized discount on Senior Notes $ 2,301 $ 2,731 Unamortized discount on finance leases - short-term 120 479 Unamortized deferred debt issuance costs 7,084 7,959 Total unamortized discounts and deferred financing costs $ 9,505 $ 11,169
Interest Expense	Basic’s interest expense for the three and nine months ended September 30, 2019, and 2018, consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Cash payments for interest $ 1,580 $ 8,266 $ 22,310 $ 24,408 Change in accrued interest 9,236 56 8,050 3,046 Amortization of discounts 265 967 789 3,709 Amortization of deferred debt costs 590 214 1,745 586 Commitment and other fees paid 12 1,338 36 3,141 Other 46 55 73 95 Total interest expense $ 11,729 $ 10,896 $ 33,003 $ 34,985

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 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 and nine months ending September 30, 2019, excluding variable lease and prepaid rent costs (in thousands): Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease expense: Short-term operating lease expense $ 1,118 $ 4,630 Long-term operating lease expense 2,178 6,533 Total operating lease expense $ 3,296 $ 11,163 Finance lease expense: Amortization of right-of-use assets $ 4,052 $ 13,388 Interest on lease liabilities 1,239 3,957 Total finance lease expense $ 5,291 $ 17,345 Supplemental information related to leases was as follows: September 30, 2019 Operating leases Weighted average remaining lease term 3.0 years Weighted average discount rate 15.2% Finance leases Weighted average remaining lease term 2.2 years Weighted average discount rate 8.1% Supplemental cash flow information related to leases was as follows for the nine months ended September 30, 2019 (in thousands): Nine Months Ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 11,163 Operating cash outflows from finance leases 3,957 Financing cash outflows from finance leases 23,209 Right-of-use assets obtained in exchange for lease obligations: Operating leases 1,597 Finance leases $ 7,943
Supplemental balance sheet information	Supplemental balance sheet information related to leases was as follows as of September 30, 2019, and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Right-of-Use Assets under Operating Leases Operating lease right-of-use assets $ 17,248 $ 20,819 Operating lease right-of-use liabilities, current portion 5,459 5,649 Operating lease right-of-use liabilities, long-term portion 11,789 15,170 Total operating lease liabilities $ 17,248 $ 20,819 Right-of-Use Assets under Finance Leases Property and equipment, at cost $ 81,929 $ 102,852 Less accumulated depreciation 30,000 31,954 Property and equipment, net $ 51,929 $ 70,898 Current portion of long-term debt $ 22,747 $ 27,519 Long-term debt 22,896 33,390 Total finance lease liabilities $ 45,643 $ 60,909
Schedule of future minimum rental payments for operating leases	The Company adopted ASU 2016-02 on January 1, 2019 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 and September 30, 2019 were as follows (in thousands): December 31, 2018 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 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 and September 30, 2019 were as follows (in thousands): December 31, 2018 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	September 30, 2019 Operating Leases Finance Leases 2019 $ 2,060 $ 6,241 2020 7,075 20,840 2021 5,712 12,567 2022 4,807 5,250 2023 1,257 810 Thereafter 1,091 55 Total lease payments $ 22,002 $ 45,763 Impact of discounting (4,754) (120) Discounted value of operating lease obligations $ 17,248 $ 45,643
Maturities of operating lease liabilities	September 30, 2019 Operating Leases Finance Leases 2019 $ 2,060 $ 6,241 2020 7,075 20,840 2021 5,712 12,567 2022 4,807 5,250 2023 1,257 810 Thereafter 1,091 55 Total lease payments $ 22,002 $ 45,763 Impact of discounting (4,754) (120) Discounted value of operating lease obligations $ 17,248 $ 45,643

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) 10.75% Senior Notes due 2023 1 $ 297,699 $ 244,997 $ 297,269 $ 257,806

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	9 Months Ended
	Sep. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Activity in Asset Retirement Obligations	The following table presents activity in our AROs (in thousands): Nine Months Ended September 30, 2019 Balance as of January 1, 2019 $ 2,587 Additions 280 Revision in estimate 6,140 Disposals (124) Expenditures (159) Accretion expense 607 Balance as of September 30, 2019 $ 9,331

Incentive Plan (Tables)

Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of Stock Options Outstanding	The following table reflects changes during the nine-month period and a summary of stock options outstanding at September 30, 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 (77,704) $ 39.30 Outstanding, end of period 511,558 $ 39.23 7.3 $— Exercisable, end of period 341,052 $ 39.23 7.3 $— Vested or expected to vest, end of period 170,506 $ 39.23 7.3 $—
Summary of Non-Vested Restricted Stock Units	A summary of the status of Basic’s non-vested restricted stock units at September 30, 2019, and changes during the nine months ended September 30, 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 $ 16.59 Granted during period 653,160 2.53 Vested during period (73,976) 16.17 Forfeited during period (148,560) 5.78 Non-vested at end of period 621,926 $ 1.28
Summary of Non-Vested Performance Stock Units	A summary of the status of Basic’s non-vested performance-based grants at September 30, 2019, and changes during the nine months ended September 30, 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 (138,019) 28.66 Non-vested at end of period 326,425 $ 25.63

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 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): Reportable Segments Completion & Remedial Services Well Servicing Water Logistics Other Services Total Nine Months Ended September 30, 2019 Primary Geographical Markets Permian Basin $ 62,932 $ 91,165 $ 82,982 $ 8,160 $ 245,239 Texas Gulf Coast 6,733 22,394 28,627 — 57,754 ArkLaTex & Mid-Continent 101,443 28,868 34,010 10,917 175,238 Rocky Mountain 58,535 18,620 17,465 — 94,620 West Coast — 16,838 — — 16,838 Corporate (Intercompany) (4,746) (2,108) (8,001) (9,420) (24,275) Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Major Products or Service Line Fracturing $ 66,342 $ — $ — $ — $ 66,342 Rental Tool Revenue 60,027 — — — 60,027 Coiled Tubing 43,875 — — — 43,875 Snubbing 3,137 — — — 3,137 Well Servicing — 148,065 — — 148,065 Plugging — 20,307 — — 20,307 Transport/Vacuum — — 93,740 — 93,740 Hot Oiler — — 16,437 — 16,437 Production and Disposal Facilities — — 15,637 — 15,637 Other 51,516 7,405 29,269 9,657 97,847 Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ 1,302 $ 1,302 Products and services transferred over time 224,897 175,777 155,083 8,355 564,112 Total $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ 565,414 Nine Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 102,059 $ 88,427 $ 94,302 $ 9,220 $ 294,008 Texas Gulf Coast 11,663 21,290 26,644 — 59,597 ArkLaTex & Mid-Continent 172,864 28,150 33,234 11,709 245,957 Rocky Mountain 76,869 20,681 25,798 — 123,348 Eastern USA 3,609 5,560 — — 9,169 West Coast — 22,520 — — 22,520 Corporate (Intercompany) (6,541) (2,096) (4,251) (7,343) (20,231) Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Major Products or Service Line Fracturing $ 165,597 $ — $ — $ — $ 165,597 Rental Tool Revenue 66,153 — — — 66,153 Coiled Tubing 52,487 — — — 52,487 Snubbing 9,654 — — — 9,654 Well Servicing — 157,766 — — 157,766 Plugging — 19,219 — — 19,219 Transport/Vacuum — — 107,932 — 107,932 Hot Oiler — — 15,084 — 15,084 Production and Disposal Facilities — — 17,853 — 17,853 Other 66,632 7,547 34,858 13,586 122,623 Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ 3,331 $ 3,331 Products and services transferred over time 360,523 184,532 175,727 10,255 731,037 Total $ 360,523 $ 184,532 $ 175,727 $ 13,586 $ 734,368 Completion & Remedial Services Well Servicing Water Logistics Other Services Total Three Months Ended September 30, 2019 Primary Geographical Markets Permian Basin $ 21,162 $ 29,231 $ 25,048 $ 2,670 $ 78,111 Texas Gulf Coast 1,390 7,356 10,043 — 18,789 ArkLaTex & Mid-Continent 28,179 9,716 10,665 717 49,277 Rocky Mountain 20,062 6,404 5,395 — 31,861 West Coast — 4,981 — — 4,981 Corporate (Intercompany) (791) (594) (2,700) (569) (4,654) Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Major Products or Service Line Fracturing Equipment $ 17,326 $ — $ — $ — $ 17,326 Rental Tool Revenue 19,572 — — — 19,572 Coiled Tubing 15,248 — — — 15,248 Snubbing 1,034 — — — 1,034 Well Servicing — 47,481 — — 47,481 Plugging — 7,227 — — 7,227 Transport/Vacuum — — 30,277 — 30,277 Hot Oiler — — 4,950 — 4,950 Production and Disposal Facilities — — 4,574 — 4,574 Other 16,822 2,386 8,650 2,818 30,676 Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Timing of Revenue Recognition Products transferred at a point in time $ — $ — $ — $ — $ — Products and services transferred over time 70,002 57,094 48,451 2,818 178,365 Total $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ 178,365 Three Months Ended September 30, 2018 Primary Geographical Markets Permian Basin $ 29,344 $ 31,046 $ 31,647 $ 3,598 $ 95,635 Texas Gulf Coast 3,509 6,635 9,156 — 19,300 ArkLaTex & Mid-Continent 58,692 10,271 10,913 6,080 85,956 Rocky Mountain 26,513 7,546 9,190 — 43,249 Eastern USA 652 1,090 — — 1,742 West Coast — 8,341 — — 8,341 Corporate (Intercompany) (2,732) (615) (1,367) (3,175) (7,889) Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334 Major Products or Service Line Fracturing Equipment $ 49,076 $ — $ — $ — $ 49,076 Rental Tool Revenue 23,511 — — — 23,511 Coiled Tubing 17,328 — — — 17,328 Snubbing 2,213 — — — 2,213 Well Servicing — 55,098 — — 55,098 Plugging — 6,685 — — 6,685 Transport/Vacuum — — 35,889 — 35,889 Hot Oiler — — 4,696 — 4,696 Production and Disposal Facilities — — 6,158 — 6,158 Other 23,850 2,531 12,796 6,503 45,680 Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334 Timing of revenue recognition Products transferred at a point in time $ — $ — $ — $ 2,601 $ 2,601 Products and services transferred over time 115,978 64,314 59,539 3,902 243,733 Total $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ 246,334

Loss Per Share (Tables)

Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 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 for the three and nine months ended September 30, 2019 and 2018 (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Unaudited) (Unaudited) Numerator (both basic and diluted): Net loss $ (38,877) $ (27,336) $ (94,130) $ (97,921) Denominator: Denominator for basic and diluted loss per share 25,606,264 26,509,944 26,551,592 26,430,681 Basic loss per common share: $ (1.52) $ (1.03) $ (3.55) $ (3.70) Diluted loss per common share: $ (1.52) $ (1.03) $ (3.55) $ (3.70)
Schedule of Potentially Dilutive Instruments	The following table sets forth weighted average shares outstanding of potentially dilutive instruments for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Unaudited) (Unaudited) Stock options 511,558 608,688 511,558 608,688 Warrants 2,066,576 2,066,576 2,066,576 2,066,576 Weighted average unvested restricted stock 631,742 86,761 326,054 37,656 Total 3,209,876 2,762,025 2,904,188 2,712,920

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 for the three and nine months ended September 30, 2019 and 2018 (in thousands): Completion & Remedial Well Water Other Services Servicing Logistics Services Corporate Total Three Months Ended September 30, 2019 (Unaudited) Operating revenues $ 70,002 $ 57,094 $ 48,451 $ 2,818 $ — $ 178,365 Direct operating costs (53,825) (43,510) (34,783) (6,348) — (138,466) Segment profits $ 16,177 $ 13,584 $ 13,668 $ (3,530) $ — $ 39,899 Depreciation and amortization $ 13,930 $ 5,608 $ 7,774 $ 64 $ 1,803 $ 29,179 Capital expenditures $ 2,494 $ 1,622 $ 7,273 $ — $ 212 $ 11,601 Three Months Ended September 30, 2018 (Unaudited) Operating revenues $ 115,978 $ 64,314 $ 59,539 $ 6,503 $ — $ 246,334 Direct operating costs (89,777) (50,591) (42,785) (7,246) — (190,399) Segment profits $ 26,201 $ 13,723 $ 16,754 $ (743) $ — $ 55,935 Depreciation and amortization $ 16,563 $ 6,533 $ 7,214 $ 314 $ 2,130 $ 32,754 Capital expenditures $ 10,664 $ 4,921 $ 6,710 $ 43 $ 804 $ 23,142 Nine Months Ended September 30, 2019 (Unaudited) Operating revenues $ 224,897 $ 175,777 $ 155,083 $ 9,657 $ — $ 565,414 Direct operating costs (176,918) (135,752) (107,611) (13,191) — (433,472) Segment profits $ 47,979 $ 40,025 $ 47,472 $ (3,534) $ — $ 131,942 Depreciation and amortization $ 40,898 $ 16,464 $ 22,824 $ 189 $ 5,293 $ 85,668 Capital expenditures $ 17,634 $ 13,127 $ 22,300 $ 123 $ 712 $ 53,896 Identifiable assets $ 205,950 $ 82,819 $ 115,693 $ 5,483 $ 257,684 $ 667,629 Nine Months Ended September 30, 2018 (Unaudited) Operating revenues $ 360,523 $ 184,533 $ 175,727 $ 13,585 $ — $ 734,368 Direct operating costs (279,963) (145,303) (127,716) (14,691) — (567,673) Segment profits $ 80,560 $ 39,230 $ 48,011 $ (1,106) $ — $ 166,695 Depreciation and amortization $ 45,638 $ 18,196 $ 22,978 $ 1,097 $ 6,241 $ 94,150 Capital expenditures $ 32,002 $ 17,227 $ 17,488 $ 553 $ 1,558 $ 68,828 Identifiable assets $ 245,273 $ 105,287 $ 115,803 $ 5,203 $ 307,404 $ 778,970
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 for the three and nine months ended September 30, 2019 and 2018 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Segment profits $ 39,899 $ 55,935 $ 131,942 $ 166,695 General and administrative expenses (32,125) (39,599) (102,450) (132,038) Depreciation and amortization (29,179) (32,754) (85,668) (94,150) Loss on disposal of assets (837) (191) (2,634) (3,891) Asset impairment (3,216) $ — (3,216) — Operating loss $ (25,458) $ (16,609) $ (62,026) $ (63,384)

Basis of Presentation and Nat_3

Basis of Presentation and Nature of Operations - Narrative (Details)	Oct. 02, 2018USD ($)	Sep. 30, 2019USD ($)segment	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Cash and cash equivalents		$ 50,460,000	$ 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
Available borrowing capacity		$ 50,400,000
Increase in reserves for excess and obsolete inventory
Debt Instrument [Line Items]
Inventory valuation reserve		$ 3,900,000

Property and Equipment - Compon

Property and Equipment - Components of property and equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 682,469	$ 661,619
Less accumulated depreciation and amortization	275,591	212,818
Property and equipment, net	406,878	448,801
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	81,929
Property and equipment, at cost		102,852
Less accumulated depreciation	30,000
Less accumulated depreciation		31,954
Property and equipment under finance lease, net	51,929
Property and equipment under finance lease, net		70,898
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	20,351	21,431
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	40,392	40,524
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	130,300	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	119,999	123,550
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	102,294	103,689
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	22,958
Property and equipment, at cost		48,929
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	79,426	78,524
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	35,595
Property and equipment, at cost		35,034
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	83,655	63,229
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	65,775	62,642
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	1,131
Property and equipment, at cost		0
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	30,563	27,080
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	22,245
Property and equipment, at cost		18,376
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,374	3,296
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	925	857
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,415	4,257
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	0	9,846
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment, at cost	$ 0
Property and equipment, at cost		$ 314

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)contract_drilling_rig	Sep. 30, 2019USD ($)contract_drilling_rig	Dec. 31, 2018USD ($)
Property, Plant And Equipment [Line Items]
Capital lease obligation period		5 years
Number of contract drilling rigs | contract_drilling_rig	9	9
Property and equipment, gross	$ 682,469	$ 682,469	$ 661,619
Assets held-for-sale	6,100	6,100
Contract drilling equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	9,300	$ 9,300
Loss on sale of assets	$ 3,200

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 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	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,458	$ 3,458
Less accumulated amortization	652	474
Intangible assets subject to amortization, net	2,806	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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset amortization expense	$ 59	$ 60	$ 178	$ 178

Long-Term Debt and Interest E_3

Long-Term Debt and Interest Expense - Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Finance leases and other notes	$ 45,643	$ 60,909
Unamortized discounts and deferred financing costs	(9,505)	(11,169)
Total long-term debt	336,138	349,740
Less current portion	22,627	27,039
Total non-current portion of long-term debt	313,511	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	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Unamortized deferred debt issuance costs	$ 7,084	$ 7,959
Total unamortized discounts and deferred financing costs	9,505	11,169
Finance leases- short-term
Debt Instrument [Line Items]
Unamortized discount	120
Finance leases- short-term
Debt Instrument [Line Items]
Unamortized discount		479
10.75% Senior Notes due 2023
Debt Instrument [Line Items]
Unamortized discount	$ 2,301	$ 2,731

Long-Term Debt and Interest E_5

Long-Term Debt and Interest Expense - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt Disclosure [Abstract]
Cash payments for interest	$ 1,580	$ 8,266	$ 22,310	$ 24,408
Change in accrued interest	9,236	56	8,050	3,046
Amortization of discounts	265	967	789	3,709
Amortization of deferred debt costs	590	214	1,745	586
Commitment and other fees paid	12	1,338	36	3,141
Other	46	55	73	95
Interest expense	$ 11,729	$ 10,896	$ 33,003	$ 34,985

Long-Term Debt and Interest E_6

Long-Term Debt and Interest Expense - Narrative (Details) - USD ($)	Oct. 02, 2018	Sep. 30, 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
Maximum capacity for base rate protective advances	$ 10,000,000
Line of credit, term	5 years
ABL Facility | Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Letters of credit outstanding		$ 37,700,000
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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 17,248	$ 17,248
Operating lease liabilities	17,248	17,248
Variable lease cost	300	800
Prepaid rent	$ 100	$ 100
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
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Renewal term	1 year	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Renewal term	5 years	5 years

Leases - Components of lease ex

Leases - Components of lease expense (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lease cost
Short-term operating lease expense	$ 1,118	$ 4,630
Long-term operating lease expense	2,178	6,533
Total operating lease expense	3,296	11,163
Amortization of right-of-use assets	4,052	13,388
Interest on lease liabilities	1,239	3,957
Total finance lease expense	$ 5,291	$ 17,345
Weighted average remaining lease term (in years): Operating leases	3 years	3 years
Weighted average discount rate: Operating leases (as a percent)	15.20%	15.20%
Weighted average remaining lease term (in years): Finance leases	2 years 2 months 12 days	2 years 2 months 12 days
Weighted average discount rate: Operating leases (as a percent)	8.10%	8.10%
Operating cash outflows from operating leases		$ 11,163
Operating cash outflows from finance leases		3,957
Financing cash outflows from finance leases		23,209
Right-of-use asset obtained in exchange for operating lease liability		1,597
Right-of-use asset obtained in exchange for finance lease liability		$ 7,943

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Right-of-Use Assets under Operating Leases
Operating lease right-of-use assets	$ 17,248
Operating lease right-of-use assets		$ 20,819
Operating lease right-of-use liabilities, current portion	5,459
Operating lease right-of-use liabilities, current portion		5,649
Operating lease right-of-use liabilities, long-term portion	11,789
Operating lease right-of-use liabilities, long-term portion		15,170
Total operating lease liabilities	17,248
Total operating lease liabilities		20,819
Right-of-Use Assets under Finance Leases
Property and equipment, at cost	81,929
Property and equipment, at cost		102,852
Less accumulated depreciation	30,000
Less accumulated depreciation		31,954
Property and equipment under finance lease, net	51,929
Property and equipment under finance lease, net		70,898
Current portion of long-term debt	22,747
Current portion of long-term debt		27,519
Long-term debt	22,896
Long-term debt		33,390
Total finance lease liabilities	$ 45,643
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	Sep. 30, 2019USD ($)
Operating Leases
2019	$ 2,060
2020	7,075
2021	5,712
2022	4,807
2023	1,257
Thereafter	1,091
Total lease payments	22,002
Impact of discounting	(4,754)
Total operating lease liabilities	17,248
Finance Leases
2019	6,241
2020	20,840
2021	12,567
2022	5,250
2023	810
Thereafter	55
Total lease payments	45,763
Impact of discounting	(120)
Total finance lease liabilities	$ 45,643

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Level 1 - USD ($) $ in Thousands	Sep. 30, 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	$ 297,699	$ 297,269
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
10.75% Senior Notes due 2023	$ 244,997	$ 257,806

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance as of January 1, 2019		$ 2,587
Additions		280
Revision in estimate	$ 6,400	6,140
Disposals		(124)
Expenditures		(159)
Accretion expense		607	$ 115
Balance as of September 30, 2019	$ 9,331	$ 9,331

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loss Contingencies [Line Items]
Interest expense	$ 11,729,000	$ 10,896,000	$ 33,003,000	$ 34,985,000
Self insurance deductible for workers compensation			2,000,000
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
Sales and Use Tax Audit
Loss Contingencies [Line Items]
Accrued liability	4,500,000		4,500,000
Interest expense			200,000
Accrued interest	1,900,000		1,900,000
Sales and Use Tax Audit | Minimum
Loss Contingencies [Line Items]
Estimate of possible liability	6,000,000		6,000,000
Sales and Use Tax Audit | Maximum
Loss Contingencies [Line Items]
Estimate of possible liability	24,000,000		24,000,000
State Tax Audit
Loss Contingencies [Line Items]
Accrued liability	2,300,000		2,300,000
State Tax Audit | Minimum
Loss Contingencies [Line Items]
Estimate of possible liability	2,300,000		2,300,000
State Tax Audit | Maximum
Loss Contingencies [Line Items]
Estimate of possible liability	$ 3,500,000		$ 3,500,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	May 15, 2019	May 21, 2018	Jun. 30, 2019	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment vesting period	3 years
Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)			533,160	653,160
Share-based payment vesting period		10 months
Restricted stock unit awards | Non-employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)	120,000	48,400
Performance Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment vesting period			3 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment vesting period			3 years

Incentive Plan - Narrative (Det

Incentive Plan - Narrative (Details) - USD ($)	May 15, 2019	Mar. 22, 2019	May 21, 2018	Mar. 15, 2017	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	May 14, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)										681,657
Compensation expense					$ 1,200,000		$ 5,600,000	$ 7,800,000	$ 22,000,000
Tax benefit from compensation expense					0		0	0	$ 0
Unrecognized compensation expense					5,800,000			$ 5,800,000
Weighted average remaining life								2 years 1 month 6 days
Vesting period	3 years
Stock options exercised (in shares)								0	0
Fair value of share based awards vested								$ 299,000	$ 474,000
Fair value of performance-based restricted stock units								1,000,000	5,400,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense					800,000		$ 800,000	2,400,000	3,500,000
Unrecognized compensation expense					$ 500,000			$ 500,000
Options expiration period								10 years
Vesting period								3 years
Restricted stock unit awards
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)						533,160		653,160
Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense								$ 160,000
Vesting period		3 years
Shares issued (in shares)		370,350
Target number of shares								1,069,320
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%
Non-employee | Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during period (in shares)	120,000		48,400
Non-employee | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)	54,000
Members of management | Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during period (in shares)	533,160
Members of management | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)	524,160
May 21, 2019 Award | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense								$ 114,000	$ 596,000
May 15, 2019 Award, Members of management | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense								123,000
May 15, 2019 Award, Non-employee | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense								$ 35,000
Minimum | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of target number of shares	0.00%
Maximum | Phantom Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of target number of shares	150.00%

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Options Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 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)	(77,704)
Outstanding, end of period (in shares)	511,558
Exercisable, end of period, number of options granted (in shares)	341,052
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)	39.30
Outstanding, end of period (dollars per share)	39.23
Exercisable, end of period (dollars per share)	39.23
Vested or expected to vest, end of period (dollars per share)	$ 39.23
Weighted Average Remaining Contractual Term
Outstanding, end of period	7 years 3 months 18 days
Exercisable, end of period	7 years 3 months 18 days
Vested or expected to vest, end of period	7 years 3 months 18 days
Aggregate Intrinsic Value
Outstanding, end of period	$ 0
Exercisable, end of period	0
Vested or expected to vest, end of period	$ 0

Incentive Plan - Summary of Non

Incentive Plan - Summary of Non-Vested Stock Units (Details) - $ / shares	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2019
Restricted stock unit awards
Number of Units
Nonvested at beginning of period (in shares)		191,302
Granted during period (in shares)	533,160	653,160
Vested during period (in shares)		(73,976)
Forfeited during period (in shares)		(148,560)
Nonvested at end of period (in shares)		621,926
Weighted Average Grant Date Fair Value Per Share
Nonvested at beginning of period (dollars per share)		$ 16.59
Granted during period (dollars per share)		2.53
Vested during period (dollars per share)		16.17
Forfeited during period (dollars per share)		5.78
Nonvested at end of period (dollars per share)		$ 1.28
Performance-based
Number of Units
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)		(138,019)
Nonvested at end of period (in shares)		326,425
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)		28.66
Nonvested at end of period (dollars per share)		$ 25.63

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 123,655	$ 144,767
Contract assets	1,800	1,100
Contract liabilities	$ 778	$ 855

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 178,365	$ 246,334	$ 565,414	$ 734,368
Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	2,601	1,302	3,331
Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	178,365	243,733	564,112	731,037
Fracturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,326	49,076	66,342	165,597
Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	19,572	23,511	60,027	66,153
Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	15,248	17,328	43,875	52,487
Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,034	2,213	3,137	9,654
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	47,481	55,098	148,065	157,766
Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,227	6,685	20,307	19,219
Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	30,277	35,889	93,740	107,932
Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,950	4,696	16,437	15,084
Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,574	6,158	15,637	17,853
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	30,676	45,680	97,847	122,623
Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	78,111	95,635	245,239	294,008
Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	18,789	19,300	57,754	59,597
ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	49,277	85,956	175,238	245,957
Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	31,861	43,249	94,620	123,348
Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		1,742		9,169
West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,981	8,341	16,838	22,520
Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(4,654)	(7,889)	(24,275)	(20,231)
Completion & Remedial Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	70,002	115,978	224,897	360,523
Completion & Remedial Services | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	70,002	115,978	224,897	360,523
Completion & Remedial Services | Fracturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	17,326	49,076	66,342	165,597
Completion & Remedial Services | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	19,572	23,511	60,027	66,153
Completion & Remedial Services | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	15,248	17,328	43,875	52,487
Completion & Remedial Services | Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,034	2,213	3,137	9,654
Completion & Remedial Services | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	16,822	23,850	51,516	66,632
Completion & Remedial Services | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	21,162	29,344	62,932	102,059
Completion & Remedial Services | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,390	3,509	6,733	11,663
Completion & Remedial Services | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	28,179	58,692	101,443	172,864
Completion & Remedial Services | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	20,062	26,513	58,535	76,869
Completion & Remedial Services | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		652		3,609
Completion & Remedial Services | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Completion & Remedial Services | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(791)	(2,732)	(4,746)	(6,541)
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	57,094	64,314	175,777	184,532
Well Servicing | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	57,094	64,314	175,777	184,532
Well Servicing | Fracturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	47,481	55,098	148,065	157,766
Well Servicing | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,227	6,685	20,307	19,219
Well Servicing | Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Well Servicing | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,386	2,531	7,405	7,547
Well Servicing | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	29,231	31,046	91,165	88,427
Well Servicing | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,356	6,635	22,394	21,290
Well Servicing | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	9,716	10,271	28,868	28,150
Well Servicing | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	6,404	7,546	18,620	20,681
Well Servicing | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		1,090		5,560
Well Servicing | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,981	8,341	16,838	22,520
Well Servicing | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(594)	(615)	(2,108)	(2,096)
Water Logistics
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	48,451	59,539	155,083	175,727
Water Logistics | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	48,451	59,539	155,083	175,727
Water Logistics | Fracturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	30,277	35,889	93,740	107,932
Water Logistics | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,950	4,696	16,437	15,084
Water Logistics | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,574	6,158	15,637	17,853
Water Logistics | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,650	12,796	29,269	34,858
Water Logistics | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	25,048	31,647	82,982	94,302
Water Logistics | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	10,043	9,156	28,627	26,644
Water Logistics | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	10,665	10,913	34,010	33,234
Water Logistics | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	5,395	9,190	17,465	25,798
Water Logistics | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		0		0
Water Logistics | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Water Logistics | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(2,700)	(1,367)	(8,001)	(4,251)
Other Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,818	6,503	9,657	13,586
Other Services | Products transferred at a point in time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	2,601	1,302	3,331
Other Services | Products and services transferred over time
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,818	3,902	8,355	10,255
Other Services | Fracturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Rental Tool Revenue
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,818	6,503	9,657	13,586
Other Services | Permian Basin | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,670	3,598	8,160	9,220
Other Services | Texas Gulf Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | ArkLaTex & Mid-Continent | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	717	6,080	10,917	11,709
Other Services | Rocky Mountain | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Eastern USA | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues		0		0
Other Services | West Coast | Reportable Geographical Components
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Other Services | Corporate (Intercompany) | Geography Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ (569)	$ (3,175)	$ (9,420)	$ (7,343)

Loss Per Share - Computation of

Loss Per Share - Computation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator (both basic and diluted):
Net loss	$ (38,877)	$ (27,777)	$ (27,476)	$ (27,336)	$ (40,054)	$ (30,531)	$ (94,130)	$ (97,921)
Denominator:
Denominator for basic and diluted loss per share (in shares)	25,606,264			26,509,944			26,551,592	26,430,681
Basic loss per common share (in dollars per share)	$ (1.52)			$ (1.03)			$ (3.55)	$ (3.70)
Diluted loss per common share (in dollars per share)	$ (1.52)			$ (1.03)			$ (3.55)	$ (3.70)

Loss Per Share - Schedule of Po

Loss Per Share - Schedule of Potentially Dilutive Instruments (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	3,209,876	2,762,025	2,904,188	2,712,920
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	511,558	608,688	511,558	608,688
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	2,066,576	2,066,576	2,066,576	2,066,576
Weighted average unvested restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	631,742	86,761	326,054	37,656

Business Segment Information -

Business Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Operating revenues	$ 178,365	$ 246,334	$ 565,414	$ 734,368
Direct operating costs	(138,466)	(190,399)	(433,472)	(567,673)
Segment profits	39,899	55,935	131,942	166,695
Depreciation and amortization	29,179	32,754	85,668	94,150
Capital expenditures	11,601	23,142	53,896	68,828
Identifiable assets	667,629	778,970	667,629	778,970	$ 761,777
Corporate and Other
Segment Reporting Information [Line Items]
Operating revenues	0	0	0	0
Direct operating costs	0	0	0	0
Segment profits	0	0	0	0
Depreciation and amortization	1,803	2,130	5,293	6,241
Capital expenditures	212	804	712	1,558
Identifiable assets	257,684	307,404	257,684	307,404
Completion & Remedial Services
Segment Reporting Information [Line Items]
Operating revenues	70,002	115,978	224,897	360,523
Completion & Remedial Services | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	70,002	115,978	224,897	360,523
Direct operating costs	(53,825)	(89,777)	(176,918)	(279,963)
Segment profits	16,177	26,201	47,979	80,560
Depreciation and amortization	13,930	16,563	40,898	45,638
Capital expenditures	2,494	10,664	17,634	32,002
Identifiable assets	205,950	245,273	205,950	245,273
Well Servicing
Segment Reporting Information [Line Items]
Operating revenues	57,094	64,314	175,777	184,532
Well Servicing | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	57,094	64,314	175,777	184,533
Direct operating costs	(43,510)	(50,591)	(135,752)	(145,303)
Segment profits	13,584	13,723	40,025	39,230
Depreciation and amortization	5,608	6,533	16,464	18,196
Capital expenditures	1,622	4,921	13,127	17,227
Identifiable assets	82,819	105,287	82,819	105,287
Water Logistics
Segment Reporting Information [Line Items]
Operating revenues	48,451	59,539	155,083	175,727
Water Logistics | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	48,451	59,539	155,083	175,727
Direct operating costs	(34,783)	(42,785)	(107,611)	(127,716)
Segment profits	13,668	16,754	47,472	48,011
Depreciation and amortization	7,774	7,214	22,824	22,978
Capital expenditures	7,273	6,710	22,300	17,488
Identifiable assets	115,693	115,803	115,693	115,803
Other Services
Segment Reporting Information [Line Items]
Operating revenues	2,818	6,503	9,657	13,586
Other Services | Operating Segments
Segment Reporting Information [Line Items]
Operating revenues	2,818	6,503	9,657	13,585
Direct operating costs	(6,348)	(7,246)	(13,191)	(14,691)
Segment profits	(3,530)	(743)	(3,534)	(1,106)
Depreciation and amortization	64	314	189	1,097
Capital expenditures	0	43	123	553
Identifiable assets	$ 5,483	$ 5,203	$ 5,483	$ 5,203

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Profits to Consolidated Operating Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting [Abstract]
Segment profits	$ 39,899	$ 55,935	$ 131,942	$ 166,695
General and administrative expenses	(32,125)	(39,599)	(102,450)	(132,038)
Depreciation and amortization	(29,179)	(32,754)	(85,668)	(94,150)
Loss on disposal of assets	(837)	(191)	(2,634)	(3,891)
Asset impairment	(3,216)	0	(3,216)	0
Operating loss	$ (25,458)	$ (16,609)	$ (62,026)	$ (63,384)