Basic Energy Services (BASWQ) 10-Q 29 Jun 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Jun. 29, 2020
Cover [Abstract]
Entity Registrant Name	BASIC ENERGY SERVICES, INC.
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
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	BASX*
Entity Central Index Key	0001109189
Entity Tax Identification Number	54-2091194
Entity Filer Category	Non-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		24,938,700

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 21,077	$ 36,217
Trade accounts receivable, net of allowances of $4,681 and $2,208, for March 31, 2020, and December 31, 2019, respectively	119,391	99,626
Inventories, net	14,715	20,262
Prepaid expenses	8,140	6,407
Assets held for sale	10,810	55,149
Other current assets	5,664	2,727
Total current assets	179,797	220,388
Property and equipment, net	265,225	297,113
Operating lease right of use assets	14,220	14,540
Deferred debt costs, net of amortization	2,277	2,198
Goodwill	8,226	0
Intangible assets, net of amortization	6,547	2,603
Other assets	15,428	13,632
Total assets	491,720	550,474
Current liabilities:
Accounts payable	60,719	58,022
Accrued expenses	61,915	41,962
Current portion of long-term debt	17,075	18,738
Derivative liability	13,265	0
Accrued short-term insurance reserves	17,027	15,002
Operating lease right-of-use liabilities, current portion	5,174	4,906
Liabilities associated with assets held for sale	1,292	5,248
Other current liabilities	2,141	4,306
Total current liabilities	178,608	148,184
Long-term debt, net of discounts and deferred financing costs of $27,626 and $8,795, at March 31, 2020, and December 31, 2019, respectively	309,474	308,365
Accrued long-term insurance reserves	25,877	20,204
Deferred compensation	11,928	10,838
Operating lease right-of-use liabilities, long-term portion	9,172	9,634
Asset retirement obligations	10,465	9,044
Deferred tax liability	938	0
Other long-term liabilities	2,783	3,082
Total liabilities	549,245	509,351
Series A Participating Preferred Stock; $0.01 par value; 5,000,000 authorized and 118,805 and zero shares outstanding at March 31, 2020, and December 31, 2019, respectively	22,000	0
Stockholders' equity:
Common stock; $0.01 par value; 80,000,000 shares authorized at March 31, 2020, and December 31, 2019; 27,912,059 and 27,912,059 shares issued and 24,977,364 and 24,904,485 shares outstanding at March 31, 2020, and December 31, 2019, respectively	279	279
Additional paid-in capital	493,571	472,594
Retained deficit	(568,050)	(423,169)
Treasury stock, at cost, 2,934,695 and 3,007,574 shares at March 31, 2020, and December 31, 2019, respectively	(5,325)	(8,581)
Total stockholders' equity	(79,525)	41,123
Total liabilities and stockholders' equity	$ 491,720	$ 550,474

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance credit loss	$ 4,681	$ 2,208
Unamortized discounts and deferred financing costs	$ 27,626	$ 8,795
Temporary equity, par value (in dollars per share)	$ 0.01
Temporary equity, shares authorized	5,000,000
Temporary equity, shares outstanding	118,805	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	27,912,059
Common stock, shares outstanding	24,977,364	24,904,485
Treasury stock, shares	2,934,695	3,007,574

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenues	$ 128,498	$ 197,203
Expenses:
Impairments	99,628
Depreciation and amortization	14,765	27,498
(Gain) loss on disposal of assets	2,619	1,455
Other income (expense):
Interest expense	(10,619)	(10,613)
Loss on derivative	(3,552)	0
Loss from continuing operations before income taxes	(140,219)	(16,638)
Income tax (expense) benefit	3,790	1,851
Loss from continuing operations	(136,429)	(14,787)
Loss from discontinued operations	(8,452)	(12,689)
Net loss	$ (144,881)	$ (27,476)
Loss per share of common stock:
Net loss from continuing operations per share, basic and diluted (in dollars per share)	$ (5.48)	$ (0.55)
Net loss from discontinued operations per share, basic and diluted (in dollars per share)	(0.34)	(0.47)
Net loss per share of common stock, basic and diluted (in dollars per share)	$ (5.82)	$ (1.02)
Continuing Operations
Revenues:
Total revenues	$ 128,403	$ 153,190
Expenses:
Expenses	105,119	111,123
General and administrative, including stock-based compensation of $1,336 and $3,288 in the three months ended March 31, 2020 and 2019, respectively	35,068	31,754
Impairments	99,628	0
Depreciation and amortization	14,765	16,182
(Gain) loss on disposal of assets	(37)	697
Total expenses	254,543	159,756
Operating loss	(126,140)	(6,566)
Other income (expense):
Interest expense	(10,619)	(10,613)
Interest income	62	245
Loss on derivative	(3,552)	0
Other income	30	296
Well Servicing | Continuing Operations
Revenues:
Total revenues	58,141	61,984
Expenses:
Expenses	50,818	48,808
Water Logistics | Continuing Operations
Revenues:
Total revenues	44,381	55,601
Expenses:
Expenses	33,119	37,299
Completion & Remedial Services | Continuing Operations
Revenues:
Total revenues	25,881	35,605
Expenses:
Expenses	$ 21,182	$ 25,016

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Stock-based compensation included in general and administrative expense	$ 1,336	$ 3,288

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury	Retained Deficit
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, 2019		27,912,059		3,007,574
Beginning balance at Dec. 31, 2019	41,123	$ 279	472,594	$ (8,581)	(423,169)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of restricted stock	0
Amortization of equity-classified share-based compensation	1,336		1,336
Treasury stock, net	(7)		(3,263)	$ 3,256
Treasury stock, net (in shares)				(72,879)
Capital contribution	22,904		22,904
Net loss	(144,881)				(144,881)
Ending balance (in shares) at Mar. 31, 2020		27,912,059		2,934,695
Ending balance at Mar. 31, 2020	$ (79,525)	$ 279	$ 493,571	$ (5,325)	$ (568,050)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (144,881)	$ (27,476)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Depreciation and amortization	14,765	27,498
Asset impairment	97,115	0
Inventory and other write-downs	4,846	0
Loss on derivative	3,552	0
Accretion on asset retirement obligation	467	85
Change in allowance for doubtful accounts	1,567	(265)
Amortization of deferred financing costs	587	564
Amortization of debt discount	521	262
Non-cash compensation	1,171	3,288
(Gain) loss on disposal of assets	2,619	1,455
Deferred income taxes	(3,674)	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	17,473	4,763
Inventories	700	2,709
Prepaid expenses and other current assets	(1,858)	(1,282)
Other assets	424	(549)
Accounts payable	(5,839)	(20,496)
Income tax receivable	0	(1,851)
Other liabilities	(1,605)	(2,559)
Accrued expenses	9,702	15,658
Net cash (used in) provided by operating activities	(2,348)	1,804
Cash flows from investing activities:
Purchase of property and equipment	(5,595)	(18,885)
Proceeds from sale of assets	40,274	2,664
Payments for other long-term assets	(366)	0
Payments for businesses, net of cash acquired	(59,350)	0
Net cash used in investing activities	(25,037)	(16,221)
Cash flows from financing activities:
Proceeds from debt	23,000	0
Repayments of debt	(8,999)	(11,423)
Change in treasury stock including restricted stock issuances	(6)	(343)
Deferred loan costs and other financing activities	(1,750)	(321)
Net cash used in (provided by) financing activities	12,245	(12,087)
Net decrease in cash, cash equivalents and restricted cash	(15,140)	(26,504)
Cash and cash equivalents - beginning of period	36,217	90,300
Cash and cash equivalents - end of period	21,077	63,796
Noncash investing and financing activity:
Capital leases and notes issued for equipment	498	6,144
Change in accrued property and equipment	(1,594)	(994)
Issuance of Series A Preferred	22,000	0
Issuance of derivative liability	9,713	0
Change in asset retirement obligations	$ 8	$ 124

Basis of Presentation and Natur

Basis of Presentation and Nature of Operations	3 Months Ended
	Mar. 31, 2020
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 the Company'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, 2019. 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. Nature of Operations The Company provides a wide range of wellsite services to oil and natural gas drilling and producing companies, including Well Servicing, Water Logistics and Completion & Remedial Services. These services are primarily provided by the Company's fleet of equipment. The Company’s operations are concentrated in major United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, California and Colorado. The Company's scope of operations was expanded effective beginning March 9, 2020, with the acquisition of C&J Well Services, Inc. See Note 2. Acquisition for further discussion. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company's subsidiaries, for which the Company holds a majority voting interest. All intercompany transactions and balances have been eliminated. Other Reclassifications Certain reclassifications have been made to prior period amounts to conform to the current period presentation. A majority of the reclassifications were related to the discontinued operations. These reclassifications do not impact net income (loss) and do not reflect a material change to the information previously presented in our consolidated financial statements. See Note 3. Discontinued Operations for further discussion on amounts included in loss from discontinued operations. 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 impairments of long-lived assets, certain financial instruments, acquisition purchase price allocation, litigation, and self-insured risk reserves. For further discussion of impairments of long-lived assets, see Note 13. Impairments. 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 the Company and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out method. In addition to comparing the carrying amount of inventory to its market, the Company also makes a comparison between volume of inventory and demand for the ultimate production into which inventory will be converted and increases reserves for excess and obsolete inventory. For further discussion on impairments of inventory see Note 13. Impairments . COVID-19 Impact on Liquidity and Going Concern Beginning in March 2020, as a result of multiple significant factors impacting supply and demand in the global oil and natural gas markets, including a global outbreak of coronavirus (“COVID-19”), the posted price for West Texas Intermediate oil declined sharply. Oil demand has significantly deteriorated, in part, as a result of outbreak of COVID-19 and corresponding preventative measures taken to mitigate the spread of the virus. This decline in demand coincided with the announcement of price reductions and possible production increases by members of Organization of the Petroleum Exporting Countries (“OPEC”) and other oil exporting nations. Although OPEC and other oil exporting nations ultimately agreed to cut production, the downward pressure on commodity prices has remained and could continue in the foreseeable future. Oil and natural gas commodity prices are expected to continue to be volatile. The collapse in the demand for oil caused by this unprecedented global health and economic crisis, coupled with oil oversupply, has had a material adverse impact on the demand for our services and the prices we can charge for our services. The decline in our customers’ demand for our services has also had a material adverse impact on our financial condition, results of operations and cash flows during the first quarter. Demand for our products and services will continue to decline as our customers revise their capital budgets downwards and adjust their operations in response to lower oil prices. We cannot predict the duration or effects of this sudden decrease, but if the price of oil continues to decline or remain depressed for a lengthy period, our business, financial condition, results of operations, cash flows, and prospects will continue to be materially and adversely affected. The impact of these conditions on our estimates of future operating cash flows resulted in additional impairments of long-lived and intangible assets as of March 31, 2020. For further discussion of impairments of long-lived assets, see Note 13. Impairments. Based on our current operating and commodity price forecasts and capital structure, we believe that if certain financial ratios or covenants were to come into effect under our debt instruments, we will have difficulty complying with certain of such obligations. Certain covenants, such as consolidated fixed charge coverage ratio and cash dominion provisions in the revolving credit facility (the "ABL Facility") spring into effect under certain triggers defined in the ABL Credit Agreement, as amended, for so long as such applicable trigger period is in effect. Additionally, certain triggers in the ABL Facility increase certain financial and borrowing base reporting requirements for so long as such applicable trigger period is in effect. Failure to comply, for example, with a “springing” consolidated fixed charge coverage ratio requirement under the ABL Facility would result in an event of default under the ABL Facility, which would result in a cross-default under the Senior Notes. If an event of default were to occur, our lenders could, in addition to other remedies such as charging default interest, accelerate the maturity of the outstanding indebtedness, making it immediately due and payable, and we may not have sufficient liquidity to repay those amounts. Management has taken several steps to generate additional liquidity, including through reducing operating and administrative costs through employee headcount reductions, closing operating locations, employee furloughs and other cost reduction measures, and the suspension of growth capital expenditures in our continuing business operations with the goal of preserving margins and improving working capital. Management has made plans for further similar cost and capital expenditure reductions, as necessary. Due to the uncertainty of future oil and natural gas prices and the effects the outbreak of COVID-19 will have on our future results of operations, operating cash flows and financial condition, there is substantial doubt as to the ability of the Company to continue as a going concern. Additional steps management would implement to alleviate this substantial doubt would include sales of non-strategic assets, obtaining waivers of debt covenant requirements from our lenders, restructuring or refinancing our debt agreements, or obtaining equity financing. There can be no assurances that, if required, the Company would be able to successfully sell assets, obtain waivers, restructure its indebtedness, or complete any strategic transactions in the current environment. Management has prepared these consolidated financial statements in accordance with U.S. generally accepted accounting principles applicable to a going concern, which contemplates that assets will be realized and liabilities will be discharged in the normal course of business as they become due. These consolidated financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported revenues and expenses and balance sheet classifications that would be necessary if the Company was unable to realize its assets and settle its liabilities as a going concern in the normal course of operations. Such adjustments could be material and adverse to the financial results of the Company.

Acquisition

Acquisition	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisition	Acquisition On March 9, 2020, the Company entered into a Purchase Agreement (the “Purchase Agreement”) with Ascribe Investments III LLC, a Delaware limited liability company (“Ascribe”), NexTier Holding Co., a Delaware corporation (“Seller”) and C&J Well Services, Inc., a Delaware corporation, and wholly owned subsidiary of Seller (“CJWS”), whereby the Company acquired all of the issued and outstanding shares of capital stock of CJWS, such that CJWS became a wholly-owned subsidiary of the Company. CJWS is the third largest rig servicing provider in the U.S., with a leading footprint in California and a strong customer base. Following the acquisition of CJWS, the Company has expanded its footprint in the Permian, California and other key oil basins. Pursuant to the Purchase Agreement, among other things, (i) Seller transferred and delivered to the Company and the Company purchased and acquired from Seller, all of the issued and outstanding shares of capital stock of CJWS held by Seller (the "Stock Purchase"); (ii) as a portion of the consideration for the Stock Purchase, Ascribe, on behalf of the Company, conveyed to Seller certain 10.75% senior secured notes due October 2023 (the "Senior Notes") issued by the Company to Ascribe in an aggregate par value amount equal to $34.4 million (the "Ascribe Senior Notes"); and (iii) Ascribe entered into an Exchange Agreement, dated March 9, 2020, with the Company (the "Exchange Agreement") pursuant to which, among other things, Ascribe exchanged the Ascribe Senior Notes for (a) 118,805 shares of newly issued preferred stock, designated as "Series A Participating Preferred Stock," par value $0.01 per share, of the Company (the "Series A Preferred Stock") and, (b) an amount in cash for accrued interest on the Ascribe Senior Notes approximately equal to $1.5 million (the "Exchange Transaction" and, together with the Stock Purchase and the other transactions contemplated by the Purchase Agreement, the "CJWS Transaction"). For further discussion of the Series A Preferred Stock, see Note 9. Series A Participating Preferred Stock. Pursuant to the Purchase Agreement, at closing Seller received consideration in the aggregate amount of $95.7 million comprised of (a) cash consideration equal to $59.4 million (subject to customary reductions for indebtedness and transaction expenses, as well as post-closing working capital adjustments) and (b) the Ascribe Senior Notes transferred to Seller by Ascribe (on behalf of the Company) as described above. In connection with the CJWS Transaction, pursuant to the Purchase Agreement, Ascribe has certain contingent obligations to the Seller to make Seller whole on the par value of the Ascribe Senior Notes as of the earlier of the first anniversary of the closing of the Stock Purchase, a bankruptcy of the Company, or a change of control of the Company (the "Make-Whole Payment"). Considering this contingent Make-Whole Payment by Ascribe to the Seller, the fair value of the Ascribe Senior Notes issued to the Seller on March 9, 2020, was $36.3 million. If Ascribe is required to pay the Make-Whole Payment to Seller pursuant to the Purchase Agreement, the Company will be required to reimburse to Ascribe the amount of such Make-Whole Payment (such amount, the "Make-Whole Reimbursement Amount") either (i) in cash (a) to the extent the Company has available cash (as determined by an independent committee of the Company's board of directors) and (b) subject to satisfaction of certain "Payment Conditions" set forth in the ABL Credit Agreement (as defined below) or (ii) if the Company is unable to pay the full Make-Whole Reimbursement Amount in cash pursuant to clause "(i)" of this paragraph, in additional Senior Notes as permitted under the Indenture. In consideration of providing the Make-Whole Payment to Seller, the Company paid Ascribe $1 million in cash at the closing of the CJWS Transaction. The Company's obligation to Ascribe associated with the Make-Whole Reimbursement Amount is reflected as a derivative instrument in accordance with Accounting Standards Codification No. 815 "Derivatives and Hedging" ("ASC 815") with an initial fair value of approximately $9.7 million based on a risk-adjusted market differential between the fair value of the Ascribe Senior Notes and their $34.4 million par value as of the March 9, 2020, closing date. Changes in fair value of the Make-Whole Reimbursement Amount each period are "marked to market" and charged or credited to Loss (Gain) on Derivative in the accompanying consolidated statements of operations. The fair value of the Make-Whole Reimbursement Amount liability as of March 31, 2020, is approximately $13.3 million, and results in $3.6 million of derivative loss during the three months ended March 31, 2020. The Make-Whole Reimbursement Amount liability is classified as a derivative liability, a current liability in the accompanying balance sheet. Of the cash consideration paid to the Seller, $15 million was funded from a Senior Secured Promissory Note to Ascribe. For a further discussion of the Exchange Agreement and the Senior Secured Promissory Note, see Note 6. Long-Term Debt and Interest Expense. The CJWS Transaction was considered an acquisition of a business in accordance with Accounting Standards Codification ("ASC") 805 "Business Combinations" and the Company applied the acquisition method of accounting. The Company's preliminary allocation of the purchase price, including preliminary working capital adjustments, to the estimated fair value of the CJWS net assets is as follows (in thousands): March 9, 2020 Current assets $ 43,207 Property and equipment 63,431 Operating lease right of use asset 787 Other assets 1,853 Intangible asset 4,000 Goodwill 18,791 Total assets acquired 132,069 Current liabilities 25,865 Long-term liabilities 12,051 Total liabilities assumed 37,916 Net assets acquired $ 94,153 The allocation of the purchase price to CJWS's net tangible assets and liabilities and identifiable intangible assets as of March 9, 2020, is preliminary and subject to revisions to the fair value calculations for the identifiable assets and liabilities. The final purchase price allocation could differ from the preliminary allocation noted in the summary above. The preliminary allocation of purchase price includes approximately $18.8 million allocated to nondeductible goodwill recorded to our well servicing and water logistics segments based on relative fair values of these acquired lines of business. The acquired property and equipment is stated at fair value, and depreciation on the acquired property and equipment is computed using the straight-line method over the estimated useful lives of each asset. We depreciate our assets over the following depreciable lives: Buildings 20 to 30 years Machinery and equipment 3 to 15 years Automobiles and trucks 3 to 7 years The acquired intangible assets represent approximately $4 million for the CJWS trade name that is stated at estimated fair value and is amortized on a straight-line basis over the estimated useful life of 15 years. For the three month period ended March 31, 2020, our revenues and pretax earnings included $18.4 million and $0.3 million (excluding the impact of asset impairments of $35.2 million), respectively, associated with the CJWS acquired operations after the closing on March 9, 2020. In addition, CJWS Transaction-related costs of approximately $9 million were incurred during the three month period ended March 31, 2020, consisting of external legal and consulting fees and due diligence costs. These costs have been recognized in general and administrative expense in the consolidated statements of operations. The pro forma information presented below has been prepared to give effect to the CJWS Transaction as if it had occurred at the beginning of the periods presented. The pro forma information includes the impact from the allocation of the acquisition purchase price on depreciation and amortization and the impact on interest expense associated with acquisition financing. It also excludes the impact of the CJWS Transaction acquisition costs charged to earnings during the 2020 period. The pro forma information is presented for illustration purposes only and is based on estimates and assumptions the Company deemed appropriate. The following pro forma information is not necessarily indicative of the results that would have been achieved if the CJWS Transaction had occurred in the past, and should not be relied upon as an indication of the operating results that the Company would have achieved if the transaction had occurred at the beginning of the periods presented, and our operating results, or the future results that we will achieve, may be different from those reflected in the pro forma information below (in thousands, except per share and average share outstanding information). Three Months Ended March 31, 2020 2019 Revenues $ 186,208 $ 257,766 Loss from continuing operations (121,501) (23,660) Net loss from continuing operations per share, basic and diluted $ (4.88) $ (0.88) Weighted average shares outstanding, basic and diluted 24,913,906 26,850,499

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the third and fourth quarters of 2019, the Company's management decided to divest all of its contract drilling rigs, and a majority of pressure pumping equipment and related ancillary equipment, respectively, assets having a combined net book value of $91.8 million. The majority of the real estate and equipment was sold during late 2019 and the first quarter of 2020, with the remaining pumping and related assets classified as Assets Held for Sale on our Consolidated Balance Sheet. The Company is pursuing additional transactions to divest the remainder of these non-strategic assets later during 2020, however the Company recorded an impairment on the remaining assets of $2.3 million at March 31, 2020. A complete summary of our discontinued operations is included in Note 2. Discontinued Operations of the Financial Statements and Supplementary Data in our most recent Annual Report on Form 10-K. The operating results of the pressure pumping operations and contract drilling operations, which were historically included in the Completions & Remedial Services and Other Services segments, have been reclassified as discontinued operations in the Consolidated Statement of Operations for the three month periods ended March 31, 2020 and 2019, and are detailed in the table below (in thousands): Three Months Ended March 31, 2020 2019 Revenues $ 95 $ 44,013 Direct expenses 1,520 40,719 General and administrative 1,964 3,768 Depreciation and amortization — 11,317 Impairment expense 2,330 — Loss (gain) on disposal of assets 2,656 758 Total expenses 8,470 56,562 Operating loss (8,375) (12,549) Other income (expense): Interest expense (100) (143) Other income 23 3 Loss from discontinued operations $ (8,452) $ (12,689) Interest expense in discontinued operations is related to interest expense on finance lease assets that operated in the discontinued Completions & Remedial Services and Other Services segments. Impairment expense was recorded during the three month period ended March 31, 2020, associated with certain non-strategic assets with carrying values that were in excess of current estimated selling price. During the three month period ended March 31, 2020, a portion of the assets identified as of December 31, 2019, were disposed. Remaining assets and liabilities related to the divested operations are included in the consolidated balance sheets and consist as follows (in thousands): March 31, 2020 December 31, 2019 Assets-held-for-sale Inventories $ — $ 2,069 Right of use assets — 1,659 Property, plant and equipment, net 10,346 50,496 Total assets-held-for-sale-future-use $ 10,346 $ 54,224 Liabilities related to Assets-held-for-sale Right of use liabilities $ 1,257 $ 1,659 Capital leases 35 3,589 Total Liabilities related to Assets-held-for-sale discontinued operations $ 1,292 $ 5,248 Applicable Consolidated Statements of Cash Flow information related to the discontinued operations for the three months ended March 31, 2020, and 2019 are detailed in the table below (in thousands): Three Months Ended March 31, 2020 2019 Cash Flows from Discontinued Operations Net cash provided (used) by operating activities $ (3,467) $ (168) Net cash provided (used) in investing activities $ 39,021 $ (4,033) Cash capital expenditures and finance lease additions related to discontinued operations were $4.4 million and $1.4 million, respectively, for the three months ended March 31, 2019. The Company did not have any cash or lease additions related to discontinued operations for the three months ended March 31, 2020. Proceeds from sale of assets related to discontinued operations totaled $39.0 million and $0.4 million for the three months ended March 31, 2020 and 2019, respectively.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the components of property and equipment (in thousands): March 31, 2020 December 31, 2019 Land $ 23,762 $ 15,682 Buildings and improvements 40,888 30,902 Well service units and equipment 76,503 130,318 Disposal facilities 88,183 87,763 Fluid services equipment 81,752 79,024 Rental equipment 46,394 60,886 Pumping equipment 37,576 47,083 Light vehicles 18,459 26,630 Fracturing/test tanks 6,273 6,153 Brine and fresh water stations 5,335 4,340 Other 4,559 3,948 Software 924 896 Property and equipment, gross 430,608 493,625 Less accumulated depreciation and amortization (165,383) (196,512) Property and equipment, net $ 265,225 $ 297,113 The Company is obligated under various finance leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under finance leases and included above (in thousands): March 31, 2020 December 31, 2019 Fluid services equipment $ 33,954 $ 34,499 Pumping equipment 9,366 16,576 Light vehicles 9,487 19,563 Rental equipment 807 1,130 Well service units and equipment 224 — Property and equipment under finance lease, cost 53,838 71,768 Less accumulated amortization (17,825) (27,727) Property and equipment under finance lease, net $ 36,013 $ 44,041 During the three month period ended March 31, 2020, and due to significant factors impacting supply and demand in the global oil and natural gas markets, the Company assessed certain of its Property and Equipment assets for impairment. For further discussion, see Note 13. Impairments.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets In connection with the March 9, 2020, acquisition of CJWS, the Company recorded goodwill of $18.8 million, which was initially allocated to its Well Servicing and Water Logistics reporting units based on their respective fair values. Activity during the three month period ended March 31, 2020, associated with goodwill by reporting units is as follows (in thousands): Well Servicing Water Logistics Completion & Remedial Total Balance as of December 31, 2019 $ — $ — $ — $ — Additions to goodwill 10,565 8,226 — 18,791 Goodwill impairments (10,565) — — (10,565) Balance as of March 31, 2020 $ — $ 8,226 $ — $ 8,226 For discussion of impairment of goodwill, see Note 13. Impairments. The Company had trade names of $7.2 million and $3.2 million as of March 31, 2020, and December 31, 2019, respectively. In connection with the CJWS Transaction, the Company recorded intangible assets for CJWS trade name and Goodwill. Trade names have a 15-year life and are tested for impairment when triggering events are identified. During the three month period ended March 31, 2020, and due to significant factors impacting supply and demand in the global oil and natural gas markets, the Company assessed certain of its intangible assets and goodwill for impairment. For further discussion, see Note 13. Impairments. The Company’s intangible assets subject to amortization were as follows (in thousands): March 31, 2020 December 31, 2019 Trade names $ 7,230 $ 3,230 Other intangible assets 48 48 Intangible assets 7,278 3,278 Less accumulated amortization (731) (675) Intangible assets subject to amortization, net $ 6,547 $ 2,603 Amortization expense of intangible assets for the three months ended March 31, 2020 and 2019, was as follows (in thousands): Three Months Ended March 31, 2020 2019 Intangible asset amortization expense $ 56 $ 60

Long-Term Debt and Interest Exp

Long-Term Debt and Interest Expense	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt and Interest Expense	Long-Term Debt and Interest Expense Long-term debt consisted of the following (in thousands): March 31, 2020 December 31, 2019 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 ABL Facility 8,000 — Senior Secured Promissory Note 15,000 — Finance leases and other notes 31,175 35,898 Unamortized discounts and deferred financing costs (27,626) (8,795) Total long-term debt 326,549 327,103 Less current portion 17,075 18,738 Total non-current portion of long-term debt $ 309,474 $ 308,365 The Company was in compliance with the debt covenants under its existing debt agreements as of March 31, 2020. Debt Discounts and Issuance Costs The following discounts and issuance costs on debt represent the unamortized discount to fair value of the Senior Notes, the Senior Secured Promissory Note, and the unamortized debt issuance costs on Senior Notes (in thousands). For discussion of the change in unamortized discount on Senior Notes, see discussion below. March 31, 2020 December 31, 2019 Unamortized discount on Senior Notes $ 13,578 $ 2,156 Unamortized discount on Senior Secured Promissory Note 7,850 — Unamortized deferred debt issuance costs 6,198 6,639 Total unamortized discounts and deferred financing costs $ 27,626 $ 8,795 Interest Expense The Company’s interest expense for the three months ended March 31, 2020 and 2019, consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Cash payments for interest $ 1,229 $ 1,609 Change in accrued interest 8,220 8,148 Amortization of discounts 521 262 Amortization of deferred debt costs 587 564 Commitment and other fees paid 11 11 Other 51 19 Interest expense - continuing operations $ 10,619 $ 10,613 Senior Secured Notes On October 2, 2018, the Company issued $300 million aggregate principal amount of 10.75% senior secured notes due October 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 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% 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. As discussed in Note 2. Acquisition, pursuant to the Purchase Agreement and as a portion of the consideration for the Stock Purchase, Ascribe, on behalf of the Company, conveyed to Seller Senior Notes with an aggregate par amount equal to $34.4 million (the "Ascribe Senior Notes") and Ascribe entered into an Exchange Agreement dated March 9, 2020, with the Company pursuant to which, among other things, Ascribe exchanged the Ascribe Senior Notes for (a) 118,805 shares of Series A Preferred Stock and (b) an amount in cash for accrued interest on the Ascribe Senior Notes approximately equal to $1.5 million, representing the accrued (but unpaid) interest, from and including the most recent date to which interest had been paid pursuant to the terms of the Senior Notes but excluding the date of the closing of the CJWS Transaction, on the aggregate principal amount of the Ascribe Senior Notes. Pursuant to the Exchange Agreement, the Company issued a Senior Secured Promissory Note on March 9, 2020, in favor of Ascribe in an aggregate principal amount equal to $15 million. See discussion of the Senior Secured Promissory Note below. For further discussion of the Series A Preferred Stock, see Note 9. Series A Participating Preferred Stock. If Ascribe is required to pay the Make-Whole Payment to Seller, described in Note 2. Acquisitions, pursuant to the Purchase Agreement, the Company will be required to reimburse to Ascribe the amount of such Make-Whole Payment (such amount, the "Make-Whole Reimbursement Amount") either (i) in cash (a) to the extent the Company has available cash (as determined by an independent committee of the Company's board of directors) and (b) subject to satisfaction of certain "Payment Conditions" set forth in the ABL Credit Agreement (as defined below) or (ii) if the Company is unable to pay the full Make-Whole Reimbursement Amount in cash pursuant to clause "(i)" of this paragraph, in additional Senior Notes as permitted under the Indenture. The conveyance of the $34.4 million in Ascribe Senior Notes to Seller by Ascribe, along with other aspects of the Exchange Agreement and Purchase Agreement considered in the aggregate, was deemed for accounting purposes to be an effective extinguishment of the existing Ascribe Senior Notes pursuant to ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50"). and a reissuance of a new issue of Ascribe Senior Notes as of March 9, 2020. The new issue of Ascribe Senior Notes was recorded at its estimated fair value based on the bond market pricing discount of 37% at March 9, 2020, resulting in a net carrying value at time of reissuance of $21.6 million, net of discount. This discount is amortized over the remaining term of the Ascribe Senior Notes through 2023. The deemed reissuance of Ascribe Senior Notes, along with the issuance of the Senior Secured Promissory Note and the Series A Preferred Stock, each also recorded at their estimated fair values, resulted in a net debt extinguishment gain of $22.9 million, net of transaction fees paid to Ascribe. As Ascribe was a beneficial owner of the Company prior to the acquisition, the net extinguishment gain was accounted for as a capital contribution as an adjustment within Additional Paid-In Capital as part of Stockholders' Equity. 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 “Initial ABL Credit Agreement”) among the Company, as borrower (in such capacity, the “Borrower”) and the lenders from time to time party thereto (collectively, the “ABL Lenders”). Pursuant to the ABL Credit Agreement, the ABL Lenders extended to the Borrower a revolving credit facility in the initial maximum aggregate principal amount of $150 million (reduced to $120 million pursuant to the First Amendment (defined below), subject to borrowing base capacity (the “ABL Facility”). The ABL Facility includes a sublimit for letters of credit of up to $50 million in the aggregate, and for borrowings on same-day notice under swingline loans subject to a sublimit of the lesser of (a) $15 million and (b) the aggregate commitments of the ABL Lenders. The ABL Facility also provides capacity for base rate protective advances up to $10 million at the discretion of the Administrative Agent and provisions relating to overadvances. The Initial ABL Credit Agreement was amended pursuant to a Limited Consent and First Amendment to ABL Credit Agreement (the "First Amendment"), as of March 9, 2020, which among other things, was in connection with the CJWS Transaction and to reduce aggregate commitments from $150 million to $120 million. On June 15, 2020, the ABL Credit Agreement was further amended pursuant to a Second Amendment to ABL Credit Agreement (the "Second Amendment"), pursuant to which, among other things, (i) further reduced aggregate commitments from $120 million to $75 million, (ii) made proportionate downward adjustments to certain of the Availability (as defined in the ABL Credit Agreement) thresholds that can trigger certain springing covenants such as consolidated fixed charge coverage ratio and cash dominion provisions and (iii) included additional requirements for the Company, such as prepayment requirements for cash accumulation over a specified threshold, an increase in the applicable rates on outstanding borrowings, as well as provisions precluding defensive ABL Credit Agreement drawdowns. The Initial ABL Credit Agreement, as amended by the First Amendment and the Second Amendment, and as may be further amended, supplemented, or otherwise modified to date, is hereafter defined as the "ABL Credit Agreement." Borrowings under the ABL Facility bear interest at a rate per annum equal to an applicable rate, plus, at Borrower’s option, either (a) a base rate or (b) a LIBOR rate. The applicable rate is fixed from the Second Amendment effective date to July 1, 2020. Following July 1, 2020, 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 was increased as set forth in the Second Amendment. Principal amounts outstanding under the 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 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 ABL Facility and the related guarantees are secured by a perfected first-priority security interest in substantially all accounts receivable, inventory, and certain other assets, not including equity interests. As of March 31, 2020, the Company had $8 million in borrowings and $36.6 million of letters of credit outstanding under the ABL Facility. The Senior Secured Promissory Note Pursuant to the Exchange Agreement, the Company issued a Senior Secured Promissory Note on March 9, 2020, in favor of Ascribe in an aggregate principal amount equal to $15 million (the "Senior Secured Promissory Note"). Interest on the Senior Secured Promissory Note is payable monthly, at an initial interest rate of 10% per annum, increasing by an additional 2% per annum beginning on January 1, 2021, and on January 1 of each

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
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, Senior Secured Promissory Note, and the Make-Whole Reimbursement Amount as of March 31, 2020, and December 31, 2019 (in thousands, except hierarchy level): March 31, 2020 December 31, 2019 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Fair Value of Debt 10.75% Senior Notes due 2023 1 $ 286,422 $ 134,227 $ 297,844 $ 213,246 Senior Secured Promissory Note 3 $ 7,150 $ 7,616 — — Fair Value of Derivative Instrument Make-Whole Reimbursement Amount 3 $ 13,265 $ 13,265 $ — $ — The fair value of the Senior Secured Promissory Note as of March 31, 2020, was calculated in accordance with ASC 820 "Fair Value Measurements" considering its subordination as to security to the Senior Secured Notes as well as the difference between the stated interest rate of the Senior Secured Promissory Note and market rates. As a result of the CJWS Transaction, the Company has a Make-Whole Reimbursement derivative in place, which is classified as a short-term derivative financial instrument on our consolidated balance sheet. Changes in the fair value of derivative instruments subsequent to the initial measurement are recorded as Loss on Derivative in the accompanying consolidated statement of operations. The estimated fair value of the Company’s derivative liability is determined at discrete points in time derived from the fair value of our Senior Notes, which resulted in the Company classifying the derivative liability as Level 3. The Company recorded a loss of $3.6 million as a result of the change in fair value of the Make-Whole Reimbursement derivative in the quarter ended March 31, 2020. 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. The Company did not have any additional assets or liabilities that were measured at fair value on a recurring basis as of March 31, 2020, or December 31, 2019. During the three months ended March 31, 2020, our Well Servicing segment recorded certain impairments related to the expected decreased operating cash flows as a result of the current impact of low crude oil prices and the corresponding decrease in customer demand for our services. For further discussion of these impairments, see Note 13. Impairments. The following is a summary of these nonrecurring fair value measurements during the period (in thousands, except hierarchy level): March 31, 2020 Hierarchy Level Carrying Amount Fair Value Well Servicing Long-Lived Assets 3 $ 69,535 $ 69,535

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental The Company 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. The Company 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, the Company is a party to litigation or other legal proceedings that the Company 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, the Company 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 million to $24 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 $3.9 million liability. Interest expense associated with the taxes for the three months ended March 31, 2020, of $0.1 million, is included in approximately $2 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 $2.4 million of income tax and interest payable, which is included as accrued expenses on our consolidated balance sheets. Self-Insured Risk Accruals The Company is self-insured up to retention limits as it relates to workers’ compensation, general liability claims, and medical and dental coverage of its employees. The amount of these accruals as of March 31, 2020, includes $7.6 million of worker's compensation related impact of the acquisition of CJWS during the three months ended March 31, 2020. The Company 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. The Company has deductibles per occurrence for workers’ compensation, general liability claims, and medical and dental coverage of $2 million, $1 million, and $0.4 million, respectively. The Company has a $1 million deductible per occurrence for automobile liability. The Company maintains accruals in the accompanying consolidated balance sheets related to self-insurance retentions based upon third-party data and claims history.

Series A Participating Preferre

Series A Participating Preferred Stock	3 Months Ended
	Mar. 31, 2020
Temporary Equity Disclosure [Abstract]
Series A Participating Preferred Stock	Series A Participating Preferred StockIn connection with the CJWS Transaction and pursuant to the Exchange Agreement, as partial consideration for the Exchange Transaction, on March 9, 2020, the Company issued to Ascribe 118,805 shares of newly issued preferred stock, designated as "Series A Participating Preferred Stock," par value 0.01 per share, of the Company (the "Series A Preferred Stock"). The Series A Preferred Stock was issued in exchange for the Ascribe Senior Notes having a par value of $34.4 million. The Series A Preferred Stock constitutes 85.06% of the equity interest in the Company. Upon consummation of the Exchange Transaction, the Company's public shareholders owned 14.94% of the equity interests in the Company. Each share of Series A Preferred Stock is entitled to (i) dividends in an amount per share equal to 1,000 times the per share amount of each dividend declared on the Company's common stock; (ii) 1,000 votes on all matters submitted to a vote of the holders of the Company's common stock; and (iii) upon any liquidation, dissolution or winding up of the Company, an amount equal to 1,000 times the per share amount to be distributed to each share of the Company's common stock. Each share of Series A Preferred Stock is convertible at the option of the Company or the holder into 1,000 shares of Company common stock. On May 6, 2020, the Company's stockholders, and the holders of common stock voting separately, approved the proposal to increase the number of authorized shares of common stock by 118,805,000, to allow for the conversion of Series A Preferred Stock shares to common shares. As a result of Ascribe's effective controlling equity interest in the Company, and in accordance with Accounting Standards Codification No. 480 "Distinguishing Liabilities from Equity" ("ASC 480"), the Series A Preferred Stock is classified outside of permanent equity in the Company's balance sheet as of March 31, 2020. The Series A Preferred Stock was recorded at the fair value, approximately $22 million as of March 9, 2020, based on the trading price of the Company common shares, plus a control premium.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' EquityOn May 6, 2020, the Company's stockholders voted to amend the Company's Second Amended and Restated Certificate of Incorporation to, among other items, increase the number of authorized shares of common stock from 80,000,000 shares to 198,805,000 shares.

Incentive Plan

Incentive Plan	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Incentive Plan	Incentive Plan During the three month period ended March 31, 2020 and 2019, compensation expenses related to share-based arrangements under the Management Incentive Plan (the "MIP") and the Long Term Incentive Plan, including restricted stock, restricted stock units and stock option awards, were approximately $1.3 million and $3.3 million, respectively. The Company did not recognize a tax benefit for compensation expense recognized during the three month periods ended March 31, 2020 and 2019. At March 31, 2020, there was $0.6 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.

Revenues and Customer Receivabl

Revenues and Customer Receivables	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenues and Customer Receivables	Revenues and Customer Receivables 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 performance 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 the Company is contractually entitled to bill for its services performed to date, revenues for these service lines are recognized on a daily basis as services are performed and recorded as Contract Assets rather than a WIP or accounts receivable. Contract Assets are typically invoiced within 30 to 60 days of recognizing revenue. As of March 31, 2020, accounts receivable related to products and services, net of associated allowance for credit losses, were $119.4 million compared to $99.6 million at December 31, 2019. At March 31, 2020, the Company had $1.3 million of contract assets and $0.9 million of contract liabilities on its consolidated balance sheet compared to $1 million of contract assets and $0.9 million of contract liabilities on its consolidated balance sheet at December 31, 2019. Contract assets are included in Trade Accounts Receivables, and contract liabilities are included in Other Current Liabilities on our consolidated balances sheets. For accounts receivable related to products and services, the Company estimates its expected credit losses by reviewing and monitoring updated customer credit scores and risk ratings provided by third party and internal resources, considering the future impact of the current business and industry environment, and reviewing the historical loss experience by type of customer. During the three month period ended March 31, 2020, the Company considered the impact of the sharp decline in the West Texas Intermediate oil price on the credit quality of its customers and included this impact in its allowance for credit losses as of March 31, 2020. In addition, the Company included in its allowance for credit losses the impact of the approximately $39.5 million of accounts receivable from the acquisition of CJWS as of the March 9, 2020, closing date. The following table presents activity in the allowance for credit losses (in thousands): Three Months Ended March 31, 2020 Balance as of December 31, 2019 $ 2,208 Provision for expected credit losses, net of recoveries 1,697 Initial allowance for expected credit losses on purchased customer receivables 776 Balance as of March 31, 2020 $ 4,681 The Company 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 the Company’s disaggregation of revenues by geographic location and type (in thousands): Reportable Segments Well Servicing Water Logistics Completion & Remedial Services Discontinued Operations Total Three Months Ended March 31, 2020 Primary Geographical Markets Central $ 40,019 $ 38,416 $ 13,183 $ 95 $ 91,713 Western 19,662 8,206 13,595 — 41,463 Corporate (Intercompany) (1,540) (2,241) (897) — (4,678) Total $ 58,141 $ 44,381 $ 25,881 $ 95 $ 128,498 Major Products or Service Line Well Servicing 45,807 — — — 45,807 Plugging 8,544 — — — 8,544 Transport/Vacuum — 28,112 — — 28,112 Production and Disposal Facilities — 7,392 — — 7,392 Hot Oiler — 4,054 — — 4,054 RAFT — — 14,444 — 14,444 Coiled Tubing — — 8,970 — 8,970 Snubbing — — 424 — 424 Taylor Industries - Manufacturing 2,868 — — — 2,868 Discontinued Operations — — — 95 95 Other 922 4,823 2,043 — 7,788 Total $ 58,141 $ 44,381 $ 25,881 $ 95 $ 128,498 Well Servicing Water Logistics Completion & Remedial Services Discontinued Operations Total Three Months Ended March 31, 2019 Primary Geographical Markets Central $ 54,886 $ 51,717 $ 20,478 $ 43,466 $ 170,547 Western 12,820 6,542 16,590 1,302 37,254 Corporate (Intercompany) (5,722) (2,658) (1,463) (755) (10,598) Total 61,984 55,601 35,605 44,013 197,203 Major Products or Service Line Well Servicing 48,108 — — — 48,108 Plugging 6,892 — — — 6,892 Transport/Vacuum — 30,747 — — 30,747 Production and Disposal Facilities — 9,070 — — 9,070 Hot Oiler — 6,780 — — 6,780 RAFT — — 19,671 — 19,671 Coiled Tubing — — 12,563 — 12,563 Snubbing — — 1,195 — 1,195 Taylor Industries - Manufacturing 1,469 — — — 1,469 Discontinued Operations — — — 44,013 44,013 Other 5,515 9,004 2,176 — 16,695 Total $ 61,984 $ 55,601 $ 35,605 $ 44,013 $ 197,203

Impairments

Impairments	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Impairments	Impairments In connection with the preparation of first quarter 2020 financial statements, we recorded the following impairment charges (in thousands): Three Months Ended March 31, 2020 Goodwill $ 10,565 Well Servicing inventory 4,846 Well Servicing units and equipment 84,217 Total $ 99,628 Impairment of Goodwill Goodwill recorded in connection with the March 9, 2020, acquisition of CJWS totaled $18.8 million and was recorded as part of our Well Servicing and Water Logistics reporting units. Beginning in March 2020, we have experienced a reduction in demand for our services due to the significantly decreased price of crude oil as a result of multiple significant factors impacting supply and demand in the global oil and natural gas markets, including a global outbreak of the COVID-19 virus and the announced price reductions and possible production increases by members of OPEC and other oil exporting nations. For further discussion of these factors that occurred subsequent to our March 9, 2020, acquisition of CJWS, see Note 1. Basis of Presentation and Nature of Operations - COVID-19 Impact on Liquidity and Going Concern. As a result, as of March 31, 2020, we updated our internal long-term outlook for each of these reporting units, and determined that the current decreased energy industry outlook was an indicator requiring further analysis for impairment of goodwill and that it was more likely than not that the fair value of certain reporting units were less than their carrying value. Therefore, we performed an interim goodwill impairment test. As part of the first step of goodwill impairment testing, we updated our assessment of future cash flows, using historical data supplemented by current and anticipated market conditions and applying expected long-term growth rates, discount rates, and terminal values that we consider reasonable for each reporting unit. We calculated a present value of the cash flows to arrive at an estimate of fair value using a combination of the income approach and the market approach. The income approach estimates the fair value by discounting each reporting unit's estimated future cash flows using an estimate of the discount rate, or expected return, that a marketplace participant would have required as of the valuation date. The market approach includes the use of comparative multiples to corroborate the discounted cash flow approach. The market approach involves significant judgement in the selection of the appropriate peer group companies and valuation multiples. Based on these key assumptions, we determined that the fair value of the Well Servicing reporting unit was less than its carrying values indicating an impairment of the $10.6 million of goodwill recorded for this reporting unit. The fair value of the Water Logistics reporting unit significantly exceeded its carrying value and therefore resulted in no impairment. The amount of impairment is calculated based on the difference between the fair value and carrying value in accordance with ASC 350 "Intangibles - Goodwill and Other" and including the impact of Accounting Standards Update 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." Impairments of Other Assets In addition, the March 2020 reduction in demand for our services for each of our businesses was an indicator that certain long-lived tangible and identified intangible assets may be impaired. Recoverability testing performed at the total segment asset group level (the lowest level of discrete and identifiable cash flows) using a probability weighted estimate of undiscounted future cash flows using expected long-term growth rates indicated that for our Well Servicing and Completion & Remedial Services segments, certain long-lived assets, within the overall reporting unit, were not recoverable. For these segments, estimated fair values using an income approach were calculated by discounting each segment's probability weighted estimated future cash flows using an estimate of the discount rate and terminal values. The estimated fair value of Well Servicing segment assets was determined to be below their carrying value and as a result, we recorded impairments of property and equipment assets totaling $84.2 million and impairments of component parts inventory assets totaling $4.8 million associated with our Well Servicing segment. The estimated fair value of our Completion & Remedial Services segment exceeded its carrying value, resulting in no impairment of this segment. The difference between the carrying value of the asset group and its indicated fair value was recorded as an impairment. A recoverability analysis was also performed on the long-lived assets of the Water & Logistics segment, and we concluded that the carrying value for these assets were recoverable from estimated future cash flows.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The deferred tax liabilities acquired with the acquisition of CJWS provided a source of future taxable income which allowed the Company to recognize a tax benefit on a portion of the long-lived asset impairment recorded during the three months ended March 31, 2020, as well as the Company's other deferred tax assets, and is the primary driver of the tax benefit for the quarter. During the same period of 2019, we filed an amended 2007 federal tax return to claim an income tax refund from the carry-back and recovery of workers’ compensation expenses that were components of our Net Operating Losses "NOLs" generated over the past 10 years. The issuance of the Series A Preferred Stock as part of the acquisition of CJWS resulted in an ownership change pursuant to Internal Revenue Code Section 382 on March 9, 2020. The Section 382 limitation impacts the Company's ability to utilize certain pre-acquisition tax attributes, including NOLs. The projected impact of the ownership change is to reduce the Company's available Federal NOLs from $900.7 million as of December 31, 2019 to an estimated $281 million as of March 31, 2020, which begin to expire in 2032. The Company also has $344.5 million ($17.3 million net deferred tax asset) of NOLs for state income tax purposes, which begin to expire in 2020. Federal NOLs generated after 2017 are carried forward indefinitely but usage is limited to 80% of taxable income, while NOLs generated prior to 2018 continue to be carried forward for 20 years and have no limitation on utilization. The annual utilization limits for state income tax purposes vary on a state-by-state basis. We provide a valuation allowance when it is more likely than not that some portion of the deferred tax assets will not be realized. As of March 31, 2020, a valuation allowance of $121.7 million was recorded against deferred tax assets for all jurisdictions that are not expected to be realized.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 (in thousands, except share and per share data): Three Months Ended March 31, 2020 2019 (Unaudited) Numerator (both basic and diluted): Loss from continuing operations $ (136,429) $ (14,787) Loss from discontinued operations, net of tax (8,452) (12,689) Net loss available to common stockholders $ (144,881) $ (27,476) Denominator: Denominator for basic and diluted earnings per share 24,913,906 26,850,499 Basic and diluted loss per common share from continuing operations: $ (5.48) $ (0.55) Basic and diluted loss per common share from discontinued operations: (0.34) (0.47) Basic and diluted loss per common share available to stockholders: $ (5.82) $ (1.02) The Company has issued potentially dilutive instruments such as the Series A Preferred Stock, unvested restricted stock and common stock options. However, the Company did not include these instruments in its calculation of diluted per share information, because to include them would be anti-dilutive due to the net loss incurred during the periods presented. The following table sets forth weighted average shares outstanding of potentially dilutive instruments for the three months ended March 31, 2020 and 2019: Three Months Ended March 31, 2020 2019 (Unaudited) Stock options 226,640 517,674 Series A Preferred stock 28,722 — Warrants 2,066,576 2,066,576 Weighted average unvested restricted stock 420,759 6,153 Total 2,742,697 2,590,403

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segment Information	Business Segment InformationThe Company’s reportable business segments are Well Servicing, Water Logistics, and Completion & Remedial Services. These segments have been selected based on changes in management’s resource allocation and performance assessment in making decisions regarding the Company. Prior to December 2019, the Company operated an Other Services segment, which was comprised of contract drilling services and manufacturing and rig servicing. Contract drilling was discontinued as a service in the third quarter of 2019, and manufacturing rig servicing was realigned with Well Servicing. Our Pumping Services Division, which was included in the Completion & Remedial Services segment was discontinued in the fourth quarter of 2019. Costs related to other business activities, primarily corporate headquarters functions, are disclosed separately from the three 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 the Company's current segmentation. The following table sets forth certain financial information with respect to the Company’s reportable segments for the three months ended March 31, 2020 and 2019 (in thousands): Well Servicing Water Logistics Completion & Remedial Services Corporate and Other Continuing Operations Total Discontinued Operations Three Months Ended March 31, 2020 Operating revenues $ 58,141 $ 44,381 $ 25,881 $ — $ 128,403 $ 95 Direct operating costs (50,818) (33,119) (21,182) — (105,119) (1,520) Segment profits 7,323 11,262 4,699 — 23,284 (1,425) Depreciation and amortization 2,455 6,681 4,070 1,559 14,765 — Capital expenditures 1,682 2,137 659 20 4,498 — Identifiable assets $ 47,032 $ 134,893 $ 80,290 $ 219,159 $ 481,374 $ 10,346 Three Months Ended March 31, 2019 Operating revenues $ 61,984 $ 55,601 $ 35,605 $ — $ 153,190 $ 44,013 Direct operating costs (48,808) (37,299) (25,016) — (111,123) (40,719) Segment profits 13,176 18,302 10,589 — 42,067 3,294 Depreciation and amortization 4,124 5,160 5,588 1,310 16,182 11,317 Capital expenditures 6,240 7,533 4,224 226 18,223 5,811 Identifiable assets $ 95,082 $ 98,545 $ 120,681 $ 289,777 $ 604,085 $ 139,135 The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Segment profits $ 23,284 $ 42,067 General and administrative expenses (35,068) (31,754) Depreciation and amortization (14,765) (16,182) Gain (loss) on disposal of assets 37 (697) Asset impairment (99,628) — Operating loss $ (126,140) $ (6,566)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Standards Adopted in 2020. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, "Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). 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, utilizing an expected loss methodology in place of the previously used incurred loss methodology. ASU 2016-13 will result in the more timely recognition of losses on financial instruments not accounted for at fair value through net income. The provisions require credit impairments to be measured over the contractual life of an asset and developed with consideration for past events, current conditions, and forecasts of future economic information. 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, 2022, with early adoption permitted. The Company early adopted this standard on January 1, 2020, using the prospective transition method, and the standard did not have a material impact on our consolidated financial statements upon its adoption. In August 2018, the FASB issued ASU 2018-15 "Intangibles — Goodwill and Other - Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract" ("ASU 2018-15"). ASU 2018-15 clarifies the accounting for implementation costs in cloud computing arrangements. We adopted ASU 2018-15 on its January 1, 2020, effective date, using the prospective transition method, and this standard did not have a material impact on our consolidated financial statements. Standards Not Yet Adopted In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” ("ASU 2019-12"). ASU 2019-12 intends to simplify various aspects related to accounting for income taxes and removes certain exceptions to the general principles in the standard. Additionally, the ASU clarifies and amends existing guidance to improve consistent application of its requirements. The amendments of ASU 2019-12 are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848)” ("ASU 2020-04"), which provides optional expedients and exceptions for applying US GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The amendments are effective for all entities as of March 12, 2020, through December 31, 2022. We are currently evaluating the impacts of the provisions of ASU 2020-04 on our consolidated financial statements.

Basis of Presentation and Nat_2

Basis of Presentation and Nature of Operations (Policies)	3 Months Ended
	Mar. 31, 2020
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 the Company'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, 2019. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation have been made in the accompanying unaudited financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company's subsidiaries, for which the Company holds a majority voting interest. All intercompany transactions and balances have been eliminated.
Other Reclassifications	Other ReclassificationsCertain reclassifications have been made to prior period amounts to conform to the current period presentation. A majority of the reclassifications were related to the discontinued operations. These reclassifications do not impact net income (loss) and do not reflect a material change to the information previously presented in our consolidated financial statements.
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 impairments of long-lived assets, certain financial instruments, acquisition purchase price allocation, litigation, 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 the Company and are stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out method. In addition to comparing the carrying amount of inventory to its market, the Company also makes a comparison between volume of inventory and demand for the ultimate production into which inventory will be converted and
Recent Accounting Pronouncements	Standards Adopted in 2020. In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, "Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). 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, utilizing an expected loss methodology in place of the previously used incurred loss methodology. ASU 2016-13 will result in the more timely recognition of losses on financial instruments not accounted for at fair value through net income. The provisions require credit impairments to be measured over the contractual life of an asset and developed with consideration for past events, current conditions, and forecasts of future economic information. 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, 2022, with early adoption permitted. The Company early adopted this standard on January 1, 2020, using the prospective transition method, and the standard did not have a material impact on our consolidated financial statements upon its adoption. In August 2018, the FASB issued ASU 2018-15 "Intangibles — Goodwill and Other - Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract" ("ASU 2018-15"). ASU 2018-15 clarifies the accounting for implementation costs in cloud computing arrangements. We adopted ASU 2018-15 on its January 1, 2020, effective date, using the prospective transition method, and this standard did not have a material impact on our consolidated financial statements. Standards Not Yet Adopted In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” ("ASU 2019-12"). ASU 2019-12 intends to simplify various aspects related to accounting for income taxes and removes certain exceptions to the general principles in the standard. Additionally, the ASU clarifies and amends existing guidance to improve consistent application of its requirements. The amendments of ASU 2019-12 are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848)” ("ASU 2020-04"), which provides optional expedients and exceptions for applying US GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The amendments are effective for all entities as of March 12, 2020, through December 31, 2022. We are currently evaluating the impacts of the provisions of ASU 2020-04 on our consolidated financial statements.

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Allocation of Net Assets Acquired	The Company's preliminary allocation of the purchase price, including preliminary working capital adjustments, to the estimated fair value of the CJWS net assets is as follows (in thousands): March 9, 2020 Current assets $ 43,207 Property and equipment 63,431 Operating lease right of use asset 787 Other assets 1,853 Intangible asset 4,000 Goodwill 18,791 Total assets acquired 132,069 Current liabilities 25,865 Long-term liabilities 12,051 Total liabilities assumed 37,916 Net assets acquired $ 94,153
Property and Equipment	We depreciate our assets over the following depreciable lives: Buildings 20 to 30 years Machinery and equipment 3 to 15 years Automobiles and trucks 3 to 7 years The following table summarizes the components of property and equipment (in thousands): March 31, 2020 December 31, 2019 Land $ 23,762 $ 15,682 Buildings and improvements 40,888 30,902 Well service units and equipment 76,503 130,318 Disposal facilities 88,183 87,763 Fluid services equipment 81,752 79,024 Rental equipment 46,394 60,886 Pumping equipment 37,576 47,083 Light vehicles 18,459 26,630 Fracturing/test tanks 6,273 6,153 Brine and fresh water stations 5,335 4,340 Other 4,559 3,948 Software 924 896 Property and equipment, gross 430,608 493,625 Less accumulated depreciation and amortization (165,383) (196,512) Property and equipment, net $ 265,225 $ 297,113 The Company is obligated under various finance leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under finance leases and included above (in thousands): March 31, 2020 December 31, 2019 Fluid services equipment $ 33,954 $ 34,499 Pumping equipment 9,366 16,576 Light vehicles 9,487 19,563 Rental equipment 807 1,130 Well service units and equipment 224 — Property and equipment under finance lease, cost 53,838 71,768 Less accumulated amortization (17,825) (27,727) Property and equipment under finance lease, net $ 36,013 $ 44,041
Pro Forma Information	The following pro forma information is not necessarily indicative of the results that would have been achieved if the CJWS Transaction had occurred in the past, and should not be relied upon as an indication of the operating results that the Company would have achieved if the transaction had occurred at the beginning of the periods presented, and our operating results, or the future results that we will achieve, may be different from those reflected in the pro forma information below (in thousands, except per share and average share outstanding information). Three Months Ended March 31, 2020 2019 Revenues $ 186,208 $ 257,766 Loss from continuing operations (121,501) (23,660) Net loss from continuing operations per share, basic and diluted $ (4.88) $ (0.88) Weighted average shares outstanding, basic and diluted 24,913,906 26,850,499

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Operating Results of Discontinued Operations	The operating results of the pressure pumping operations and contract drilling operations, which were historically included in the Completions & Remedial Services and Other Services segments, have been reclassified as discontinued operations in the Consolidated Statement of Operations for the three month periods ended March 31, 2020 and 2019, and are detailed in the table below (in thousands): Three Months Ended March 31, 2020 2019 Revenues $ 95 $ 44,013 Direct expenses 1,520 40,719 General and administrative 1,964 3,768 Depreciation and amortization — 11,317 Impairment expense 2,330 — Loss (gain) on disposal of assets 2,656 758 Total expenses 8,470 56,562 Operating loss (8,375) (12,549) Other income (expense): Interest expense (100) (143) Other income 23 3 Loss from discontinued operations $ (8,452) $ (12,689) Interest expense in discontinued operations is related to interest expense on finance lease assets that operated in the discontinued Completions & Remedial Services and Other Services segments. Impairment expense was recorded during the three month period ended March 31, 2020, associated with certain non-strategic assets with carrying values that were in excess of current estimated selling price. During the three month period ended March 31, 2020, a portion of the assets identified as of December 31, 2019, were disposed. Remaining assets and liabilities related to the divested operations are included in the consolidated balance sheets and consist as follows (in thousands): March 31, 2020 December 31, 2019 Assets-held-for-sale Inventories $ — $ 2,069 Right of use assets — 1,659 Property, plant and equipment, net 10,346 50,496 Total assets-held-for-sale-future-use $ 10,346 $ 54,224 Liabilities related to Assets-held-for-sale Right of use liabilities $ 1,257 $ 1,659 Capital leases 35 3,589 Total Liabilities related to Assets-held-for-sale discontinued operations $ 1,292 $ 5,248 Applicable Consolidated Statements of Cash Flow information related to the discontinued operations for the three months ended March 31, 2020, and 2019 are detailed in the table below (in thousands): Three Months Ended March 31, 2020 2019 Cash Flows from Discontinued Operations Net cash provided (used) by operating activities $ (3,467) $ (168) Net cash provided (used) in investing activities $ 39,021 $ (4,033)

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	We depreciate our assets over the following depreciable lives: Buildings 20 to 30 years Machinery and equipment 3 to 15 years Automobiles and trucks 3 to 7 years The following table summarizes the components of property and equipment (in thousands): March 31, 2020 December 31, 2019 Land $ 23,762 $ 15,682 Buildings and improvements 40,888 30,902 Well service units and equipment 76,503 130,318 Disposal facilities 88,183 87,763 Fluid services equipment 81,752 79,024 Rental equipment 46,394 60,886 Pumping equipment 37,576 47,083 Light vehicles 18,459 26,630 Fracturing/test tanks 6,273 6,153 Brine and fresh water stations 5,335 4,340 Other 4,559 3,948 Software 924 896 Property and equipment, gross 430,608 493,625 Less accumulated depreciation and amortization (165,383) (196,512) Property and equipment, net $ 265,225 $ 297,113 The Company is obligated under various finance leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under finance leases and included above (in thousands): March 31, 2020 December 31, 2019 Fluid services equipment $ 33,954 $ 34,499 Pumping equipment 9,366 16,576 Light vehicles 9,487 19,563 Rental equipment 807 1,130 Well service units and equipment 224 — Property and equipment under finance lease, cost 53,838 71,768 Less accumulated amortization (17,825) (27,727) Property and equipment under finance lease, net $ 36,013 $ 44,041

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Activity during the three month period ended March 31, 2020, associated with goodwill by reporting units is as follows (in thousands): Well Servicing Water Logistics Completion & Remedial Total Balance as of December 31, 2019 $ — $ — $ — $ — Additions to goodwill 10,565 8,226 — 18,791 Goodwill impairments (10,565) — — (10,565) Balance as of March 31, 2020 $ — $ 8,226 $ — $ 8,226
Intangible Assets	The Company’s intangible assets subject to amortization were as follows (in thousands): March 31, 2020 December 31, 2019 Trade names $ 7,230 $ 3,230 Other intangible assets 48 48 Intangible assets 7,278 3,278 Less accumulated amortization (731) (675) Intangible assets subject to amortization, net $ 6,547 $ 2,603
Amortization Expense	Amortization expense of intangible assets for the three months ended March 31, 2020 and 2019, was as follows (in thousands): Three Months Ended March 31, 2020 2019 Intangible asset amortization expense $ 56 $ 60

Long-Term Debt and Interest E_2

Long-Term Debt and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following (in thousands): March 31, 2020 December 31, 2019 10.75% Senior Notes due 2023 $ 300,000 $ 300,000 ABL Facility 8,000 — Senior Secured Promissory Note 15,000 — Finance leases and other notes 31,175 35,898 Unamortized discounts and deferred financing costs (27,626) (8,795) Total long-term debt 326,549 327,103 Less current portion 17,075 18,738 Total non-current portion of long-term debt $ 309,474 $ 308,365
Debt Discounts and Issuance Costs	The following discounts and issuance costs on debt represent the unamortized discount to fair value of the Senior Notes, the Senior Secured Promissory Note, and the unamortized debt issuance costs on Senior Notes (in thousands). For discussion of the change in unamortized discount on Senior Notes, see discussion below. March 31, 2020 December 31, 2019 Unamortized discount on Senior Notes $ 13,578 $ 2,156 Unamortized discount on Senior Secured Promissory Note 7,850 — Unamortized deferred debt issuance costs 6,198 6,639 Total unamortized discounts and deferred financing costs $ 27,626 $ 8,795
Interest Expense	The Company’s interest expense for the three months ended March 31, 2020 and 2019, consisted of the following (in thousands): Three Months Ended March 31, 2020 2019 Cash payments for interest $ 1,229 $ 1,609 Change in accrued interest 8,220 8,148 Amortization of discounts 521 262 Amortization of deferred debt costs 587 564 Commitment and other fees paid 11 11 Other 51 19 Interest expense - continuing operations $ 10,619 $ 10,613

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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, Senior Secured Promissory Note, and the Make-Whole Reimbursement Amount as of March 31, 2020, and December 31, 2019 (in thousands, except hierarchy level): March 31, 2020 December 31, 2019 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value Fair Value of Debt 10.75% Senior Notes due 2023 1 $ 286,422 $ 134,227 $ 297,844 $ 213,246 Senior Secured Promissory Note 3 $ 7,150 $ 7,616 — — Fair Value of Derivative Instrument Make-Whole Reimbursement Amount 3 $ 13,265 $ 13,265 $ — $ —
Summary of Nonrecurring Fair Value Measurements	The following is a summary of these nonrecurring fair value measurements during the period (in thousands, except hierarchy level): March 31, 2020 Hierarchy Level Carrying Amount Fair Value Well Servicing Long-Lived Assets 3 $ 69,535 $ 69,535

Revenues and Customer Receiva_2

Revenues and Customer Receivables (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Activity of Allowance for Credit Losses	The following table presents activity in the allowance for credit losses (in thousands): Three Months Ended March 31, 2020 Balance as of December 31, 2019 $ 2,208 Provision for expected credit losses, net of recoveries 1,697 Initial allowance for expected credit losses on purchased customer receivables 776 Balance as of March 31, 2020 $ 4,681
Disaggregation of Revenue	The following table sets forth certain financial information with respect to the Company’s disaggregation of revenues by geographic location and type (in thousands): Reportable Segments Well Servicing Water Logistics Completion & Remedial Services Discontinued Operations Total Three Months Ended March 31, 2020 Primary Geographical Markets Central $ 40,019 $ 38,416 $ 13,183 $ 95 $ 91,713 Western 19,662 8,206 13,595 — 41,463 Corporate (Intercompany) (1,540) (2,241) (897) — (4,678) Total $ 58,141 $ 44,381 $ 25,881 $ 95 $ 128,498 Major Products or Service Line Well Servicing 45,807 — — — 45,807 Plugging 8,544 — — — 8,544 Transport/Vacuum — 28,112 — — 28,112 Production and Disposal Facilities — 7,392 — — 7,392 Hot Oiler — 4,054 — — 4,054 RAFT — — 14,444 — 14,444 Coiled Tubing — — 8,970 — 8,970 Snubbing — — 424 — 424 Taylor Industries - Manufacturing 2,868 — — — 2,868 Discontinued Operations — — — 95 95 Other 922 4,823 2,043 — 7,788 Total $ 58,141 $ 44,381 $ 25,881 $ 95 $ 128,498 Well Servicing Water Logistics Completion & Remedial Services Discontinued Operations Total Three Months Ended March 31, 2019 Primary Geographical Markets Central $ 54,886 $ 51,717 $ 20,478 $ 43,466 $ 170,547 Western 12,820 6,542 16,590 1,302 37,254 Corporate (Intercompany) (5,722) (2,658) (1,463) (755) (10,598) Total 61,984 55,601 35,605 44,013 197,203 Major Products or Service Line Well Servicing 48,108 — — — 48,108 Plugging 6,892 — — — 6,892 Transport/Vacuum — 30,747 — — 30,747 Production and Disposal Facilities — 9,070 — — 9,070 Hot Oiler — 6,780 — — 6,780 RAFT — — 19,671 — 19,671 Coiled Tubing — — 12,563 — 12,563 Snubbing — — 1,195 — 1,195 Taylor Industries - Manufacturing 1,469 — — — 1,469 Discontinued Operations — — — 44,013 44,013 Other 5,515 9,004 2,176 — 16,695 Total $ 61,984 $ 55,601 $ 35,605 $ 44,013 $ 197,203

Impairments (Tables)

Impairments (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Impairment Charges	In connection with the preparation of first quarter 2020 financial statements, we recorded the following impairment charges (in thousands): Three Months Ended March 31, 2020 Goodwill $ 10,565 Well Servicing inventory 4,846 Well Servicing units and equipment 84,217 Total $ 99,628

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 (in thousands, except share and per share data): Three Months Ended March 31, 2020 2019 (Unaudited) Numerator (both basic and diluted): Loss from continuing operations $ (136,429) $ (14,787) Loss from discontinued operations, net of tax (8,452) (12,689) Net loss available to common stockholders $ (144,881) $ (27,476) Denominator: Denominator for basic and diluted earnings per share 24,913,906 26,850,499 Basic and diluted loss per common share from continuing operations: $ (5.48) $ (0.55) Basic and diluted loss per common share from discontinued operations: (0.34) (0.47) Basic and diluted loss per common share available to stockholders: $ (5.82) $ (1.02)
Schedule of Potentially Dilutive Instruments	The following table sets forth weighted average shares outstanding of potentially dilutive instruments for the three months ended March 31, 2020 and 2019: Three Months Ended March 31, 2020 2019 (Unaudited) Stock options 226,640 517,674 Series A Preferred stock 28,722 — Warrants 2,066,576 2,066,576 Weighted average unvested restricted stock 420,759 6,153 Total 2,742,697 2,590,403

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Financial Information with Respect to Reportable Segments	The following table sets forth certain financial information with respect to the Company’s reportable segments for the three months ended March 31, 2020 and 2019 (in thousands): Well Servicing Water Logistics Completion & Remedial Services Corporate and Other Continuing Operations Total Discontinued Operations Three Months Ended March 31, 2020 Operating revenues $ 58,141 $ 44,381 $ 25,881 $ — $ 128,403 $ 95 Direct operating costs (50,818) (33,119) (21,182) — (105,119) (1,520) Segment profits 7,323 11,262 4,699 — 23,284 (1,425) Depreciation and amortization 2,455 6,681 4,070 1,559 14,765 — Capital expenditures 1,682 2,137 659 20 4,498 — Identifiable assets $ 47,032 $ 134,893 $ 80,290 $ 219,159 $ 481,374 $ 10,346 Three Months Ended March 31, 2019 Operating revenues $ 61,984 $ 55,601 $ 35,605 $ — $ 153,190 $ 44,013 Direct operating costs (48,808) (37,299) (25,016) — (111,123) (40,719) Segment profits 13,176 18,302 10,589 — 42,067 3,294 Depreciation and amortization 4,124 5,160 5,588 1,310 16,182 11,317 Capital expenditures 6,240 7,533 4,224 226 18,223 5,811 Identifiable assets $ 95,082 $ 98,545 $ 120,681 $ 289,777 $ 604,085 $ 139,135
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 months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Segment profits $ 23,284 $ 42,067 General and administrative expenses (35,068) (31,754) Depreciation and amortization (14,765) (16,182) Gain (loss) on disposal of assets 37 (697) Asset impairment (99,628) — Operating loss $ (126,140) $ (6,566)

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) - USD ($)	Mar. 09, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Oct. 02, 2018
Business Acquisition [Line Items]
Temporary equity, par value (in dollars per share)		$ 0.01
Derivative liability		$ 13,265,000		$ 0
Loss on derivative		3,552,000	$ 0
Goodwill		8,226,000		$ 0
Impairments		$ 99,628,000
CJWS
Business Acquisition [Line Items]
Goodwill	$ 18,791,000
Intangible asset	4,000,000
Intangible asset, useful life		15 years
Revenue of acquiree		$ 18,400,000
Earnings of acquiree		(300,000)
Impairments		35,200,000
Acquisition costs expensed		9,000,000
Ascribe | CJWS
Business Acquisition [Line Items]
Consideration transferred	95,700,000
Cash consideration	59,400,000
Make-Whole payment	1,000,000
Make-Whole Reimbursement Amount	$ 9,700,000
Derivative liability		13,300,000
Loss on derivative		$ 3,600,000
Preferred Class A | Exchange Agreement
Business Acquisition [Line Items]
Number of shares issued	118,805
Temporary equity, par value (in dollars per share)	$ 0.01
Cash paid In note conversion	$ 1,500,000
Senior Notes
Business Acquisition [Line Items]
Stated interest rate					10.75%
Aggregate principal amount					$ 300,000,000
Senior Notes | Fair Value
Business Acquisition [Line Items]
Debt fair value	36,300,000
Ascribe Senior Notes | Senior Notes
Business Acquisition [Line Items]
Aggregate principal amount	$ 34,400,000
Senior Secured Promissory Note | Senior Secured Promissory Note
Business Acquisition [Line Items]
Stated interest rate	10.00%
Aggregate principal amount	$ 15,000,000

Acquisition - Allocation of Net

Acquisition - Allocation of Net Assets Acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 09, 2020	Dec. 31, 2019
Assets
Goodwill	$ 8,226		$ 0
CJWS
Assets
Current assets		$ 43,207
Property and equipment		63,431
Operating lease right of use asset		787
Other assets		1,853
Intangible asset		4,000
Goodwill		18,791
Total assets acquired		132,069
Liabilities
Current liabilities		25,865
Long-term liabilities		12,051
Total liabilities assumed		37,916
Net assets acquired		$ 94,153

Acquisition - Property and Equi

Acquisition - Property and Equipment (Details)	3 Months Ended
	Mar. 31, 2020
Minimum | Buildings and improvements
Business Acquisition [Line Items]
Estimated useful life	20 years
Minimum | Machinery and equipment
Business Acquisition [Line Items]
Estimated useful life	3 years
Minimum | Light vehicles
Business Acquisition [Line Items]
Estimated useful life	3 years
Maximum | Buildings and improvements
Business Acquisition [Line Items]
Estimated useful life	30 years
Maximum | Machinery and equipment
Business Acquisition [Line Items]
Estimated useful life	15 years
Maximum | Light vehicles
Business Acquisition [Line Items]
Estimated useful life	7 years

Acquisition - Pro Forma Informa

Acquisition - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Net loss from continuing operations per share, diluted (in dollars per share)	$ (4,880)	$ (880)
CJWS
Business Acquisition [Line Items]
Revenues	$ 186,208	$ 257,766
Loss from continuing operations	$ (121,501)	$ (23,660)
Net loss from continuing operations per share, basic (in dollars per share)	$ (4,880)	$ (880)
Weighted average shares outstanding, basic and diluted	24,913,906	26,850,499

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Carrying value, held for sale			$ 91,800
Impairment expense	$ 2,330	$ 0
Capital expenditures		4,400
Finance lease additions		1,400
Proceeds from sales of assets	$ 39,000	$ 400

Discontinued Operations - Sched

Discontinued Operations - Schedule of Operating Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Other income (expense):
Loss from discontinued operations	$ (8,452)	$ (12,689)
Assets-held-for-sale
Total assets-held-for-sale-future-use	10,810		$ 55,149
Liabilities related to Assets-held-for-sale
Total Liabilities related to Assets-held-for-sale discontinued operations	1,292		5,248
Discontinued Operations
Income Statement Disclosures
Revenues	95	44,013
Expenses:
Direct expenses	1,520	40,719
General and administrative	1,964	3,768
Depreciation and amortization	0	11,317
Impairment expense	2,330	0
Loss (gain) on disposal of assets	2,656	758
Total expenses	8,470	56,562
Operating loss	(8,375)	(12,549)
Other income (expense):
Interest expense	(100)	(143)
Other income	23	3
Loss from discontinued operations	(8,452)	(12,689)
Assets-held-for-sale
Inventories	0		2,069
Right of use assets	0		1,659
Property, plant and equipment, net	10,346		50,496
Total assets-held-for-sale-future-use	10,346		54,224
Liabilities related to Assets-held-for-sale
Right of use liabilities	1,257		1,659
Capital leases	35		3,589
Total Liabilities related to Assets-held-for-sale discontinued operations	1,292		$ 5,248
Cash Flows from Discontinued Operations
Net cash provided (used) by operating activities	(3,467)	(168)
Net cash provided (used) in investing activities	$ 39,021	$ (4,033)

Property and Equipment - Compon

Property and Equipment - Components of property and equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 430,608	$ 493,625
Less accumulated depreciation and amortization	(165,383)	(196,512)
Property and equipment, net	265,225	297,113
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	53,838	71,768
Less accumulated amortization	(17,825)	(27,727)
Property and equipment under finance lease, net	36,013	44,041
Land
Property, Plant And Equipment [Line Items]
Property and equipment, gross	23,762	15,682
Buildings and improvements
Property, Plant And Equipment [Line Items]
Property and equipment, gross	40,888	30,902
Well service units and equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	76,503	130,318
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	224	0
Disposal facilities
Property, Plant And Equipment [Line Items]
Property and equipment, gross	88,183	87,763
Fluid services equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	81,752	79,024
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	33,954	34,499
Rental equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	46,394	60,886
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	807	1,130
Pumping equipment
Property, Plant And Equipment [Line Items]
Property and equipment, gross	37,576	47,083
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	9,366	16,576
Light vehicles
Property, Plant And Equipment [Line Items]
Property and equipment, gross	18,459	26,630
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Property and equipment under finance lease, cost	9,487	19,563
Fracturing/test tanks
Property, Plant And Equipment [Line Items]
Property and equipment, gross	6,273	6,153
Brine and fresh water stations
Property, Plant And Equipment [Line Items]
Property and equipment, gross	5,335	4,340
Other
Property, Plant And Equipment [Line Items]
Property and equipment, gross	4,559	3,948
Software
Property, Plant And Equipment [Line Items]
Property and equipment, gross	$ 924	$ 896

Property and Equipment - Narrat

Property and Equipment - Narrative (Details)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Capital lease obligation period	5 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 09, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 8,226		$ 0
Intangible assets	$ 7,278		3,278
CJWS
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 18,791
Intangible asset, useful life	15 years
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 7,230		$ 3,230

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2019	$ 0
Additions to goodwill	18,791
Goodwill impairments	(10,565)
Balance as of March 31, 2020	8,226
Well Servicing
Goodwill [Roll Forward]
Balance as of December 31, 2019	0
Additions to goodwill	10,565
Goodwill impairments	(10,565)
Balance as of March 31, 2020	0
Water Logistics
Goodwill [Roll Forward]
Balance as of December 31, 2019	0
Additions to goodwill	8,226
Goodwill impairments	0
Balance as of March 31, 2020	8,226
Completion & Remedial Services
Goodwill [Roll Forward]
Balance as of December 31, 2019	0
Additions to goodwill	0
Goodwill impairments	0
Balance as of March 31, 2020	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Assets subject to amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 7,278	$ 3,278
Less accumulated amortization	(731)	(675)
Intangible assets subject to amortization, net	6,547	2,603
Trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets	7,230	3,230
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 48	$ 48

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Amortization expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset amortization expense	$ 56	$ 60

Long-Term Debt and Interest E_3

Long-Term Debt and Interest Expense - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Oct. 02, 2018
Debt Instrument [Line Items]
Finance leases and other notes	$ 31,175	$ 35,898
Unamortized discounts and deferred financing costs	(27,626)	(8,795)
Total long-term debt	326,549	327,103
Less current portion	17,075	18,738
Total non-current portion of long-term debt	309,474	308,365
Senior Notes
Debt Instrument [Line Items]
Stated interest rate			10.75%
Long-term debt, gross	300,000	300,000
ABL Facility
Debt Instrument [Line Items]
Long-term debt, gross	8,000	0
Senior Secured Promissory Note
Debt Instrument [Line Items]
Long-term debt, gross	$ 15,000	$ 0

Long-Term Debt and Interest E_4

Long-Term Debt and Interest Expense - Debt Discounts and Issuance Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Unamortized deferred debt issuance costs	$ 6,198	$ 6,639
Total unamortized discounts and deferred financing costs	27,626	8,795
Senior Notes
Debt Instrument [Line Items]
Unamortized discount	13,578	2,156
Senior Secured Promissory Note
Debt Instrument [Line Items]
Unamortized discount	$ 7,850	$ 0

Long-Term Debt and Interest E_5

Long-Term Debt and Interest Expense - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt Disclosure [Abstract]
Cash payments for interest	$ 1,229	$ 1,609
Change in accrued interest	8,220	11
Amortization of discounts	521	262
Amortization of deferred debt costs	587	564
Commitment and other fees paid	11	8,148
Other	51	19
Interest expense - continuing operations	$ 10,619	$ 10,613

Long-Term Debt and Interest E_6

Long-Term Debt and Interest Expense - Narrative (Details)	Jan. 01, 2021	Mar. 09, 2020USD ($)shares	Oct. 02, 2018USD ($)	Mar. 31, 2020USD ($)	Jun. 15, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Repayments of debt			$ 290,000,000
Gain extinguishment of debt		$ 22,900,000
Preferred Class A | Exchange Agreement
Debt Instrument [Line Items]
Number of shares issued | shares		118,805
Cash paid In note conversion		$ 1,500,000
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%
Long-term debt, gross				$ 300,000,000		$ 300,000,000
Senior Notes | Ascribe Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		34,400,000
Carrying value		$ 21,600,000
Senior Notes | Ascribe Senior Notes | Discount Rate
Debt Instrument [Line Items]
Debt measurement input		0.37
Senior Secured Promissory Note
Debt Instrument [Line Items]
Long-term debt, gross				15,000,000		$ 0
Senior Secured Promissory Note | Senior Secured Promissory Note
Debt Instrument [Line Items]
Aggregate principal amount		$ 15,000,000
Stated interest rate		10.00%
Carrying value		$ 7,000,000
Fee amount		$ 500,000
Senior Secured Promissory Note | Senior Secured Promissory Note | Forecast
Debt Instrument [Line Items]
Interest rate increase	2.00%
ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 150,000,000	120,000,000
Maximum capacity for base rate protective advances			$ 10,000,000
Line of credit, term			5 years
Long-term debt, gross				8,000,000
ABL Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 75,000,000
ABL Facility | Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 50,000,000
Letters of credit outstanding				$ 36,600,000
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%

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amount and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 09, 2020	Dec. 31, 2019	Oct. 02, 2018
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stated interest rate				10.75%
Carrying Amount | Level 1 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt fair value	$ 286,422		$ 297,844
Carrying Amount | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Make-Whole Reimbursement Amount	13,265		0
Carrying Amount | Level 3 | Senior Secured Promissory Note
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt fair value	7,150		0
Fair Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt fair value		$ 36,300
Fair Value | Level 1 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt fair value	134,227		213,246
Fair Value | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Make-Whole Reimbursement Amount	13,265		0
Fair Value | Level 3 | Senior Secured Promissory Note
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt fair value	$ 7,616		$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss on derivative	$ 3,552	$ 0
Ascribe | CJWS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss on derivative	$ 3,600

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 15,428	$ 13,632
Well Servicing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	69,535
Nonrecurring | Level 3 | Well Servicing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 69,535

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loss Contingencies [Line Items]
Interest expense - continuing operations	$ 10,619,000	$ 10,613,000
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
CJWS
Loss Contingencies [Line Items]
Self-insurance reserve	7,600,000
Sales and Use Tax Audit
Loss Contingencies [Line Items]
Accrued liability	3,900,000
Interest expense - continuing operations	100,000
Accrued interest	2,000,000
Sales and Use Tax Audit | Minimum
Loss Contingencies [Line Items]
Estimate of possible liability	6,000,000
Sales and Use Tax Audit | Maximum
Loss Contingencies [Line Items]
Estimate of possible liability	24,000,000
State Tax Audit
Loss Contingencies [Line Items]
Accrued liability	2,400,000
State Tax Audit | Minimum
Loss Contingencies [Line Items]
Estimate of possible liability	2,300,000
State Tax Audit | Maximum
Loss Contingencies [Line Items]
Estimate of possible liability	$ 3,500,000

Series A Participating Prefer_2

Series A Participating Preferred Stock (Details)	May 06, 2020shares	Mar. 09, 2020USD ($)$ / sharesshares	Mar. 31, 2020vote$ / sharesshares	Oct. 02, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Temporary equity, par value (in dollars per share)			$ 0.01
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, additional shares authorized | shares	118,805,000
Ascribe | Basic Energy Services, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ownership percentage		85.06%
Public Shareholders | Basic Energy Services, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ownership percentage		14.94%
Preferred Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend rate (dollars per share)			$ 1,000
Voting rate (votes per share) | vote			1,000
Liquidation preference (in dollars per share)			$ 1,000
Number of shares issued upon conversion | shares			1,000
Equity fair value | $		$ 22,000,000
Preferred Class A | Exchange Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued | shares		118,805
Temporary equity, par value (in dollars per share)		$ 0.01
Senior Notes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate principal amount | $				$ 300,000,000
Ascribe Senior Notes | Senior Notes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate principal amount | $		$ 34,400,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	May 06, 2020	Mar. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Common stock, shares authorized		80,000,000	80,000,000
Subsequent Event [Line Items]
Common stock, shares authorized		80,000,000	80,000,000
Subsequent Event
Equity [Abstract]
Common stock, shares authorized	198,805,000
Subsequent Event [Line Items]
Common stock, shares authorized	198,805,000

Incentive Plan - Narrative (Det

Incentive Plan - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Compensation expense	$ 1,300,000	$ 3,300,000
Tax benefit from compensation expense	0	$ 0
Unrecognized compensation expense	$ 600,000
Weighted average remaining life	2 years 1 month 6 days

Revenues and Customer Receiva_3

Revenues and Customer Receivables - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 09, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Accounts receivable	$ 119,391		$ 99,626
Contract assets	1,300		1,000
Contract liabilities	$ 900		$ 900
CJWS
Business Acquisition [Line Items]
Business acquisition, accounts receivable		$ 39,500

Revenues and Customer Receiva_4

Revenues and Customer Receivables - Activity of Allowance for Credit Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of December 31, 2019	$ 2,208
Provision for expected credit losses, net of recoveries	1,697
Initial allowance for expected credit losses on purchased customer receivables	776
Balance as of March 31, 2020	$ 4,681

Revenues and Customer Receiva_5

Revenues and Customer Receivables - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 128,498	$ 197,203
Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	128,403	153,190
Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	95	44,013
Well Servicing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	45,807	48,108
Well Servicing | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Plugging
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,544	6,892
Plugging | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Transport/Vacuum
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	28,112	30,747
Transport/Vacuum | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Production and Disposal Facilities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,392	9,070
Production and Disposal Facilities | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Hot Oiler
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,054	6,780
Hot Oiler | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
RAFT
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	14,444	19,671
RAFT | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Coiled Tubing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,970	12,563
Coiled Tubing | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Snubbing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	424	1,195
Snubbing | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Taylor Industries - Manufacturing
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,868	1,469
Taylor Industries - Manufacturing | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,788	16,695
Other | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Central
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	91,713	170,547
Central | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	95	43,466
Western
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	41,463	37,254
Western | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	1,302
Corporate (Intercompany)
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(4,678)	(10,598)
Corporate (Intercompany) | Discontinued Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	(755)
Well Servicing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	58,141	61,984
Well Servicing | Well Servicing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	45,807	48,108
Well Servicing | Plugging | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,544	6,892
Well Servicing | Transport/Vacuum | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Production and Disposal Facilities | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Hot Oiler | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | RAFT | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Coiled Tubing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Snubbing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Well Servicing | Taylor Industries - Manufacturing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,868	1,469
Well Servicing | Other | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	922	5,515
Well Servicing | Central | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	40,019	54,886
Well Servicing | Western | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	19,662	12,820
Well Servicing | Corporate (Intercompany) | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(1,540)	(5,722)
Water Logistics | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	44,381	55,601
Water Logistics | Well Servicing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Plugging | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Transport/Vacuum | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	28,112	30,747
Water Logistics | Production and Disposal Facilities | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	7,392	9,070
Water Logistics | Hot Oiler | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,054	6,780
Water Logistics | RAFT | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Coiled Tubing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Snubbing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Taylor Industries - Manufacturing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Water Logistics | Other | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	4,823	9,004
Water Logistics | Central | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	38,416	51,717
Water Logistics | Western | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,206	6,542
Water Logistics | Corporate (Intercompany) | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	(2,241)	(2,658)
Completion & Remedial Services | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	25,881	35,605
Completion & Remedial Services | Well Servicing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Plugging | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Transport/Vacuum | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Production and Disposal Facilities | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Hot Oiler | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | RAFT | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	14,444	19,671
Completion & Remedial Services | Coiled Tubing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	8,970	12,563
Completion & Remedial Services | Snubbing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	424	1,195
Completion & Remedial Services | Taylor Industries - Manufacturing | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0
Completion & Remedial Services | Other | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	2,043	2,176
Completion & Remedial Services | Central | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	13,183	20,478
Completion & Remedial Services | Western | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	13,595	16,590
Completion & Remedial Services | Corporate (Intercompany) | Continuing Operations
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ (897)	$ (1,463)

Impairments - Schedule of Impai

Impairments - Schedule of Impairment Charges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 10,565
Total impairment	99,628
Well Servicing
Finite-Lived Intangible Assets [Line Items]
Goodwill	10,565
Inventory	4,846
Well Servicing | Equipment
Finite-Lived Intangible Assets [Line Items]
Equipment	$ 84,217

Impairments - Narrative (Detail

Impairments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 09, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill	$ 8,226		$ 0
Goodwill, impairment loss	10,565
Well Servicing
Goodwill [Line Items]
Goodwill	0		$ 0
Goodwill, impairment loss	10,565
Inventory impairment expense	4,846
Well Servicing | Fluid services equipment
Goodwill [Line Items]
Long-lived assets, impairment loss	$ 84,217
CJWS
Goodwill [Line Items]
Goodwill		$ 18,791

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Net deferred tax asset	$ 17.3
Valuation allowance	121.7
Federal
Operating Loss Carryforwards [Line Items]
Net oerating loss	281	$ 900.7
State
Operating Loss Carryforwards [Line Items]
Net oerating loss	$ 344.5

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
	Mar. 31, 2020	Mar. 31, 2019
Numerator (both basic and diluted):
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ (136,429)	$ (14,787)
Loss from discontinued operations	(8,452)	(12,689)
Net loss available to common stockholders, basic	(144,881)	(27,476)
Net loss available to common stockholders, diluted	$ (144,881)	$ (27,476)
Denominator:
Denominator for basic and diluted loss per share (in shares)	24,913,906	26,850,499
Net loss from continuing operations per share, basic and diluted (in dollars per share)	$ (5.48)	$ (0.55)
Net loss from discontinued operations per share, basic and diluted (in dollars per share)	(0.34)	(0.47)
Net loss per share of common stock, basic and diluted (in dollars per share)	$ (5.82)	$ (1.02)

Loss Per Share - Schedule of Po

Loss Per Share - Schedule of Potentially Dilutive Instruments (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	2,742,697	2,590,403
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	226,640	517,674
Series A Preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	28,722	0
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares	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	420,759	6,153

Business Segment Information -

Business Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2020segment
Segment Reporting [Abstract]
Number of operating segments	3

Business Segment Information _2

Business Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total revenues	$ 128,498	$ 197,203
Depreciation and amortization	14,765	27,498
Identifiable assets	491,720		$ 550,474
Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	128,403	153,190
Direct operating costs	(105,119)	(111,123)
Segment profits	23,284	42,067
Depreciation and amortization	14,765	16,182
Capital expenditures	4,498	18,223
Identifiable assets	481,374	604,085
Discontinued Operations
Segment Reporting Information [Line Items]
Total revenues	95	44,013
Direct operating costs	(1,520)	(40,719)
Segment profits	(1,425)	3,294
Depreciation and amortization	0	11,317
Capital expenditures	0	5,811
Identifiable assets	10,346	139,135
Corporate and Other | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	0	0
Direct operating costs	0	0
Segment profits	0	0
Depreciation and amortization	1,559	1,310
Capital expenditures	20	226
Identifiable assets	219,159	289,777
Well Servicing | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	58,141	61,984
Direct operating costs	(50,818)	(48,808)
Well Servicing | Operating Segments | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	58,141	61,984
Direct operating costs	(50,818)	(48,808)
Segment profits	7,323	13,176
Depreciation and amortization	2,455	4,124
Capital expenditures	1,682	6,240
Identifiable assets	47,032	95,082
Water Logistics | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	44,381	55,601
Direct operating costs	(33,119)	(37,299)
Water Logistics | Operating Segments | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	44,381	55,601
Direct operating costs	(33,119)	(37,299)
Segment profits	11,262	18,302
Depreciation and amortization	6,681	5,160
Capital expenditures	2,137	7,533
Identifiable assets	134,893	98,545
Completion & Remedial Services | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	25,881	35,605
Direct operating costs	(21,182)	(25,016)
Completion & Remedial Services | Operating Segments | Continuing Operations
Segment Reporting Information [Line Items]
Total revenues	25,881	35,605
Direct operating costs	(21,182)	(25,016)
Segment profits	4,699	10,589
Depreciation and amortization	4,070	5,588
Capital expenditures	659	4,224
Identifiable assets	$ 80,290	$ 120,681

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Profits to Consolidated Operating Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Depreciation and amortization	$ (14,765)	$ (27,498)
Gain (loss) on disposal of assets	(2,619)	(1,455)
Asset impairment	(99,628)
Continuing Operations
Segment Reporting Information [Line Items]
Segment profits	23,284	42,067
General and administrative expenses	(35,068)	(31,754)
Depreciation and amortization	(14,765)	(16,182)
Gain (loss) on disposal of assets	37	(697)
Asset impairment	(99,628)	0
Operating loss	$ (126,140)	$ (6,566)