Forbes Energy Services (FLSS) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 10, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Forbes Energy Services Ltd.
Entity Central Index Key	0001434842
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding (in shares)		5,439,247

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 2,201	$ 8,083
Cash - restricted	73	73
Accounts receivable - trade, net	45,479	45,950
Accounts receivable - other	5,578	2,228
Prepaid expenses and other current assets	12,822	14,691
Total current assets	66,153	71,025
Property and equipment, net	142,552	148,608
Operating lease right-of-use assets	5,969	0
Intangible assets, net	13,585	13,980
Goodwill	19,700	19,700
Other assets	2,596	3,072
Total assets	250,555	256,385
Current liabilities
Accrued interest payable	16,638	17,841
Accrued interest payable	1,749	1,993
Accrued expenses	12,773	14,348
Current portion of operating lease liabilities	755	0
Current portion of long-term debt	7,500	59,321
Total current liabilities	39,415	93,503
Long-term operating lease liabilities, net of current portion	5,214	0
Long-term debt, net of current portion and debt discount	125,568	71,095
Deferred tax liability	309	357
Total liabilities	170,506	164,955
Commitments and contingencies (Note 7)
Common stock, $0.01 par value, 40,000 shares authorized, 5,439 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	54	54
Additional paid-in capital	150,221	149,968
Accumulated deficit	(70,226)	(58,592)
Total stockholders’ equity	80,049	91,430
Total liabilities and stockholders’ equity	$ 250,555	$ 256,385

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	5,439,000	5,439,000
Common stock, shares outstanding (in shares)	5,439,000	5,439,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues	$ 58,388	$ 35,592
Expenses
General and administrative	6,825	4,888
Depreciation and amortization	9,439	7,163
Total expenses	62,403	41,757
Operating loss	(4,015)	(6,165)
Other income (expense)
Interest income	3	2
Interest expense	(7,686)	(2,367)
Pre-tax loss	(11,698)	(8,530)
Income tax (benefit) expense	(64)	17
Net loss	$ (11,634)	$ (8,547)
Net loss
Basic and diluted (in USD per share)	$ (2.14)	$ (1.60)
Weighted average number of shares of common stock outstanding:
Basic and diluted (in shares)	5,442	5,336
Operating Segments
Revenues	$ 58,388	$ 35,592
Expenses
Direct operating costs	46,139	29,706
Operating loss	12,249	5,886
Well Servicing
Revenues	24,750	17,655
Expenses
Depreciation and amortization	2,642	2,435
Well Servicing | Operating Segments
Revenues	24,750	17,655
Expenses
Direct operating costs	17,549	14,850
Operating loss	7,201	2,805
Coiled Tubing
Revenues	20,010	5,202
Expenses
Depreciation and amortization	3,538	1,297
Coiled Tubing | Operating Segments
Revenues	20,010	5,202
Expenses
Direct operating costs	17,938	4,167
Operating loss	2,072	1,035
Fluid Logistics
Revenues	13,628	12,735
Expenses
Depreciation and amortization	3,259	3,431
Fluid Logistics | Operating Segments
Revenues	13,628	12,735
Expenses
Direct operating costs	10,652	10,689
Operating loss	$ 2,976	$ 2,046

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net loss	$ (11,634)	$ (8,547)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	9,439	7,163
Share-based compensation	253	251
Deferred tax benefit	(48)	(21)
Gain on disposal of assets	(1,117)	(20)
Bad debt expense	120	99
Amortization of debt discount/deferred financing costs	2,154	196
Interest paid in kind	3,172	924
Changes in operating assets and liabilities:
Accounts receivable	(2,999)	(2,093)
Prepaid expenses and other assets	(597)	(135)
Accounts payable - trade	(1,252)	1,296
Accounts payable - related parties	0	(10)
Accrued expenses	(1,588)	1,171
Accrued interest payable	(244)	(7)
Net cash provided by (used in) operating activities	(4,341)	267
Cash flows from investing activities:
Proceeds from sale of property and equipment	(3,645)	(2,363)
Proceeds from sale of property and equipment	3,272	300
Net cash used in investing activities	(373)	(2,063)
Cash flows from financing activities:
Payments for finance leases	(1,168)	(511)
Payments for Bridge Loan	(4,422)	0
Proceeds from PIK Notes	4,422	0
Net cash used in financing activities	(1,168)	(511)
Net decrease in cash, cash equivalents and cash - restricted	(5,882)	(2,307)
Cash, cash equivalents and cash - restricted:
Beginning of period	8,156	35,480
End of period	$ 2,274	$ 33,173

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders Equity (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2017		5,336
Beginning balance at Dec. 31, 2017	$ 122,934	$ 53	$ 148,866	$ (25,985)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	251		251
Net loss	(8,547)			(8,547)
Ending balance (in shares) at Mar. 31, 2018		5,336
Ending balance at Mar. 31, 2018	114,638	$ 53	149,117	(34,532)
Beginning balance (in shares) at Dec. 31, 2018		5,439
Beginning balance at Dec. 31, 2018	91,430	$ 54	149,968	(58,592)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	253		253
Net loss	(11,634)			(11,634)
Ending balance (in shares) at Mar. 31, 2019		5,439
Ending balance at Mar. 31, 2019	$ 80,049	$ 54	$ 150,221	$ (70,226)

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	Organization and Nature of Operations Nature of Operations Forbes Energy Services Ltd., or FES Ltd., is an independent oilfield services contractor that provides well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. The Company's operations are concentrated in the major onshore oil and natural gas producing regions of Texas, with an additional location in Pennsylvania. The Company believes that its broad range of services, which extends from initial drilling, through production, to eventual abandonment, is fundamental to establishing and maintaining the flow of oil and natural gas throughout the life cycle of our customers’ wells. As used in these condensed consolidated financial statements, the “Company”, “we” and “our” mean FES Ltd. and its subsidiaries, except as otherwise indicated. Estimates, Risks and Uncertainties As an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies, primarily onshore in Texas, the Company's revenue, profitability, cash flows and future rate of growth are substantially dependent on its ability to (1) maintain adequate equipment utilization, (2) maintain adequate pricing for the services it provides, and (3) maintain a trained workforce. Failure to do so could adversely affect the Company's financial position, results of operations, and cash flows. Because the Company's revenues are generated primarily from customers who are subject to the same factors as the Company, the Company's operations are also susceptible to market volatility resulting from economic, cyclical, weather, or other factors related to such industry. The Company is subject to changes in the level of operating and capital spending in the industry, decreases in oil and natural gas prices, and/or industry perception about future oil and natural gas prices that may materially decrease demand for the Company's services, or may have an adverse effect on our financial position, results of operations and cash flows.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Interim Financial Information The unaudited condensed consolidated financial statements of the Company are prepared in conformity with accounting principles generally accepted in the United States of America, or GAAP, for interim financial reporting. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Therefore, these condensed consolidated financial statements should be read along with the annual audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . All significant intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, all adjustments which are of normal recurring natures considered necessary for a fair representation have been made in the accompanying unaudited financial statements. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Reclassification Certain prior year amounts have been reclassified to conform to the current year presentation with no material effect on the unaudited condensed consolidated financial statements. Fair Values of Financial Instruments Fair value is the price that would be received to sell an asset, or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. There is a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The Company classifies fair value balances based on the observability of those inputs. The three levels of the fair value hierarchy are as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 - Inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured. • Level 3 - Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. In valuing certain assets and liabilities, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. For disclosure purposes, assets and liabilities are classified in their entirety in the fair value hierarchy level based on the lowest level of input that is significant to the overall fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement within the fair value hierarchy levels. The carrying amounts of cash and cash equivalents, accounts receivable-trade, accounts receivable-other, accounts payable-trade and insurance notes approximate fair value because of the short maturity of these instruments. The fair values of finance leases approximate their carrying values, based on current market rates at which the Company could borrow funds with similar maturities (Level 2 in the fair value hierarchy). The fair values of the Term Loan Agreement, Bridge Loan and the PIK Notes as of the respective dates are set forth below (in thousands): March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Agreement $ 64,032 $ 67,534 $ 62,335 $ 65,794 Bridge Loan $ — $ — $ 49,568 $ 50,000 PIK Notes $ 52,354 $ 61,157 $ — $ — Cash, Cash Equivalents and Cash - Restricted The following table provides a reconciliation of cash, cash equivalents and cash - restricted reported within the consolidated balance sheets to the same such amounts shown in the consolidated statements of cash flows (in thousands). March 31, 2019 2018 Cash and cash equivalents $ 2,201 $ 7,572 Cash - restricted 73 25,601 Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows $ 2,274 $ 33,173 The Company's restricted cash at March 31, 2018 included $16.9 million related to a prior restriction under the Term Loan Agreement and $8.7 million as collateral for certain outstanding letters of credit and the Company's corporate credit card program under a prior credit facility with Regions. Revenue Recognition Revenue is measured as consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by providing service to a customer. Amounts are billed upon completion of service and are generally due within 30 days. The Company has its principal revenue generating activities organized into three service lines, well servicing, coiled tubing and fluid logistics. The Company's well servicing line consists primarily of maintenance, workover, completion, plugging and abandonment, and tubing testing services. The Company's coiled tubing line consists of maintenance, workover and completion services. The Company's fluid logistics line provides supporting services to the well servicing line as well as direct sales to customers for fluid management and movement. The Company generally establishes a master services agreement with each customer and provides associated services on a work order basis in increments of days, by the hour for services performed or on occasion, bid/turnkey pricing. Services provided under the well servicing and the fluid logistics segments are short in duration and generally completed within 30 days. The majority of the Company’s contracts with customers in the well servicing, coiled tubing and fluid logistics segments are short-term in nature and are recognized as “over-time” performance obligations as the services are performed. The Company applies the “as-invoiced” practical expedient as the amount of consideration the Company has a right to invoice corresponds directly with the value of the Company’s performance to date. Because of the short-term nature of the Company’s services, which generally last a few hours to multiple days, the Company does not have any contracts with a duration longer than one year that require disclosure. The Company has no material contract assets or liabilities. The Company does not have any revenue expected to be recognized in the future related to remaining performance obligations or contracts with variable consideration related to undelivered performance obligations. There was no revenue recognized in the current period from performance obligations satisfied in previous periods. The Company's significant judgments made in connection with the adoption of ASC 606 included the determination of when the Company satisfies its performance obligation to customers and the applicability of the as invoiced practical expedient. Leases Effective January 1, 2019, the Company adopted an accounting standard update issued by the Financial Accounting Standards Board (FASB) related to accounting for leases, which requires lessees to record assets and liabilities that arise for all leases on their balance sheet and expanded financial statement disclosures for both lessees and lessors. Previously, only capital leases were recorded on the balance sheet. This update requires lessees to recognize a lease liability equal to the present value of its lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term for all leases longer than 12 months. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and liabilities and instead recognize lease expense for such leases generally on a straight-line basis over the lease term. Leases with a term of longer than 12 months will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company adopted this standard on a prospective basis using the optional modified retrospective transition method. As such, the comparative financial information has not been restated and continues to be reported under the lease standard in effect during those periods. The Company also elected other practical expedients provided by the new standard, including the package of practical expedients, the hindsight practical expedient and the short-term lease recognition practical expedient in which leases with a term of 12 months or less are not recognized on the balance sheet. The adoption of this standard resulted in the recognition of approximately $6.2 million of operating lease right-of-use assets and operating lease liabilities on the balance sheet as of January 1, 2019. The adoption of this standard did not materially impact the condensed consolidated statements of operations for the three months ended March 31, 2019. See Note 8 for the expanded lease disclosures required by the new standard.

Acquisition of Cretic Energy Se

Acquisition of Cretic Energy Services, LLC	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisition of Cretic Energy Services, LLC	Acquisition of Cretic Energy Services, LLC On November 16, 2018, the Company acquired 100% of the outstanding units of Cretic Energy Services, LLC (Cretic). The acquisition of Cretic was accounted for as a business combination using the acquisition method of accounting. The aggregate purchase price was $69.4 million in cash (net of $2.2 million cash acquired). The purchase price paid in the acquisition has been preliminarily allocated to record the acquired assets and assumed liabilities based on their estimated fair value. When determining the fair values of assets acquired and liabilities assumed, management made significant estimates, judgments and assumptions. Management estimated that consideration paid exceeded the fair value of the net assets acquired. The goodwill recorded was primarily attributable to synergies related to the Company’s coiled tubing business strategy that are expected to arise from the Cretic acquisition and was attributable to the Company’s coiled tubing segment. Proforma Results from the Cretic Acquisition (unaudited) The following unaudited consolidated pro forma information is presented as if the Cretic acquisition had occurred on January 1, 2018 (in thousands): Pro Forma Three Months Ended March 31, 2018 Revenue $ 49,456 Net loss $ (10,572 ) The unaudited pro forma amounts above have been calculated after applying the Company’s accounting policies and adjusting the Cretic acquisition results to reflect the increase to interest expense and depreciation and amortization that would have been charged assuming the fair value adjustments to property and equipment and intangible assets had been applied from January 1, 2018 and other related pro forma adjustments. The pro forma amounts do not include any potential synergies, cost savings or other expected benefits of the Cretic acquisition, and are presented for illustrative purposes only and are not necessarily indicative of results that would have been achieved if the Cretic acquisition had occurred as of January 1, 2018 or of future operating performance.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following (in thousands): Estimated Life in Years March 31, 2019 December 31, 2018 Well servicing equipment 9-15 years $ 127,583 $ 128,647 Well servicing equipment - finance lease 9-15 years 2,176 1,291 Autos and trucks 5-10 years 31,779 32,132 Autos and trucks - finance lease 5-10 years 20,450 19,125 Disposal wells 5-15 years 3,979 3,977 Building and improvements 5-30 years 5,733 5,705 Furniture and fixtures 3-15 years 2,916 2,797 Land 868 868 195,484 194,542 Accumulated depreciation (1) (52,932 ) (45,934 ) $ 142,552 $ 148,608 (1) Includes accumulated depreciation of finance lease assets of $5.7 million and $4.5 million at March 31, 2019 and December 31, 2018, respectively. Depreciation expense was $9.0 million and $6.9 million for the three months ended March 31, 2019 and 2018 , respectively. Depreciation of assets held under finance leases was $1.2 million and $0.7 million for the three months ended March 31, 2019 and 2018, respectively, and is included in depreciation and amortization expense in the accompanying condensed consolidated statements of operations.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Goodwill totaled $19.7 million at March 31, 2019 and December 31, 2018 and relates to the acquisition of Cretic and is deductible for tax purposes. Other Intangible Assets The following table sets forth the identified other intangible assets by major asset class (in thousands): Useful Life (years) Gross Carrying Value Accumulated Amortization Net Book Value March 31, 2019 Customer relationships 6-15 $ 11,378 $ (1,077 ) $ 10,301 Trade names 10-15 3,072 (552 ) 2,520 Covenants not to compete 4 1,505 (741 ) 764 $ 15,955 $ (2,370 ) $ 13,585 December 31, 2018 Customer relationships 6-15 $ 11,378 $ (832 ) $ 10,546 Trade names 10-15 3,072 (496 ) 2,576 Covenants not to compete 4 1,505 (647 ) 858 $ 15,955 $ (1,975 ) $ 13,980 Amortization expense was $0.4 million and $0.3 million for the three months ended March 31, 2019 and 2018 , respectively. Future amortization of these intangibles will be as follows: 2019 $ 1,150 2020 1,545 2021 1,276 2022 1,169 2023 1,169 Thereafter 7,276 $ 13,585

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Term Loan Agreement of $60.0 million, plus $7.4 million and $6.0 million of accrued interest paid in kind and net of debt discount of $3.3 million and $3.6 million as of March 31, 2019 and December 31, 2018, respectively $ 64,032 $ 62,335 PIK Notes, including $0.6 million accretion of interest and conversion premium 52,354 — Bridge Loan of $50.0 million, net of debt discount of $0.4 million as of December 31, 2018 — 49,568 Finance leases 13,572 13,319 Insurance notes 3,110 5,194 Total debt 133,068 130,416 Less: Current portion (7,500 ) (59,321 ) Total long-term debt $ 125,568 $ 71,095 Term Loan Agreement On April 13, 2017, the Company entered into the Term Loan Agreement. FES LLC is the borrower, or the Borrower, under the Term Loan Agreement. The Borrower’s obligations have been guaranteed by FES Ltd. and by TES, CCF and FEI, each direct subsidiaries of the Borrower and indirect subsidiaries of FES Ltd. The Term Loan Agreement, as amended, provides for a term loan of $60.0 million , excluding paid in kind interest. Subject to certain exceptions and permitted encumbrances, the obligations under the Term Loan Agreement are secured by a first priority security interest in substantially all the assets of the Company other than accounts receivable, cash and related assets, which constitute priority collateral under the Revolving Loan Agreement (described below). The Term Loan Agreement has a stated maturity date of April 13, 2021. Borrowings under the Term Loan Agreement bear interest at a rate equal to five percent ( 5% ) per annum payable quarterly in cash, or the Cash Interest Rate, plus (ii) an initial paid in kind interest rate of seven percent ( 7% ) commencing April 13, 2017 to be capitalized and added to the principal amount of the term loan or, at the election of the Borrower, paid in cash. The paid in kind interest increases by two percent ( 2% ) twelve months after April 13, 2017 and every twelve months thereafter until maturity. Upon and after the occurrence of an event of default, the Cash Interest Rate will increase by two percentage points per annum. During the three months ended March 31, 2019 , $ 1.4 million of interest was paid in kind. At March 31, 2019 , the paid in kind interest rate was 9% . The Term Loan Agreement includes customary negative covenants for an asset-based term loan, including covenants limiting the ability of the Company to, among other things, (i) effect mergers and consolidations, (ii) sell assets, (iii) create or suffer to exist any lien, (iv) make certain investments, (v) incur debt and (vi) transact with affiliates. In addition, the Term Loan Agreement includes customary affirmative covenants for an asset-based term loan, including covenants regarding the delivery of financial statements, reports and notices to the Agent. The Term Loan Agreement also contains customary representations and warranties and event of default provisions for a secured term loan. Amendment to Term Loan Agreement and Joinder In connection with the Cretic acquisition, on November 16, 2018, the Company, as a guarantor, FES LLC, as borrower, and certain of their subsidiaries, as guarantors, entered into Amendment No. 1 to Loan and Security Agreement and Pledge and Security Agreement (the “Term Loan Amendment”) with the lenders party thereto and Wilmington Trust, National Association, as agent (the “Term Loan Agent”), pursuant to which the Term Loan Agreement, was amended to, among other things, permit (i) debt under the Revolving Loan Agreement (described below) and the liens securing the obligations thereunder, (ii) the incurrence of add-on term loans under the Term Loan Agreement in an aggregate principal amount of $10.0 million and (iii) the incurrence of one -year “last-out” bridge loans under the Term Loan Agreement in an aggregate principal amount of $50.0 million (the “Bridge Loan”). In addition, on November 16, 2018, Cretic entered into joinder documentation pursuant to which it became a guarantor under the Term Loan Agreement and a pledgor under the Pledge and Security Agreement referred to in the Term Loan Agreement. Revolving Loan Agreement In connection with the Cretic Acquisition, on November 16, 2018, the Company and certain of its subsidiaries, as borrowers, entered into a Credit Agreement (the “Revolving Loan Agreement”) with the lenders party thereto and Regions Bank, as administrative agent and collateral agent (the “Revolver Agent”). The Revolving Loan Agreement provides for $35 million of revolving loan commitments, subject to a borrowing base comprised of 85% of eligible accounts receivable, 90% of eligible investment grade accounts receivable and 100% of eligible cash, less reserves. The loans under the Revolving Loan Agreement accrue interest at a floating rate of LIBOR plus 2.50% - 3.25% , or a base rate plus 1.50% - 2.25% , with the margin based on the fixed charge coverage ratio from time to time. The Revolving Loan Agreement is secured on a first lien basis by substantially all assets of the Company and its subsidiaries, subject to an intercreditor agreement between the Revolver Agent and the Term Loan Agent which provides that the priority collateral for the Revolving Loan Agreement consists of accounts receivable, cash and related assets, and that the other assets of the Company and its subsidiaries constitute priority collateral for the Term Loan Agreement. At March 31, 2019 we had no borrowings outstanding, $6.1 million in letters of credit outstanding and availability of $21.6 million . 5% Subordinated Convertible PIK Notes On March 4, 2019, the Company issued $51.8 million aggregate original principal amount of 5.00% Subordinated Convertible PIK Notes due June 30, 2020 (the “PIK Notes”). On March 4, 2019, the Company, as Issuer, and Wilmington Trust, National Association, as Trustee, entered into an Indenture governing the terms of the PIK Notes. The PIK Notes bear interest at a rate of 5.00% per annum. Interest on the PIK Notes will be capitalized to principal semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2019. The PIK Notes are the unsecured general subordinated obligations of the Company and are subordinated in right of payment to any existing and future secured or unsecured senior debt of the Company. The payment of the principal of, premium, if any, and interest on the PIK Notes will be subordinated to the prior payment in full of all of the Company’s existing and future senior indebtedness. In the event of a liquidation, dissolution, reorganization or any similar proceeding, obligations on the PIK Notes will be paid only after senior indebtedness has been paid in full. Pursuant to the Indenture, the Company is not permitted to (1) make cash payments to pay principal of, premium, if any, and interest on or any other amounts owing in respect of the PIK Notes, or (2) purchase, redeem or otherwise retire the PIK Notes for cash, if any senior indebtedness is not paid when due or any other default on senior indebtedness occurs and the maturity of such indebtedness is accelerated in accordance with its terms unless, in any case, the default has been cured or waived, and the acceleration has been rescinded or the senior indebtedness has been repaid in full. The Indenture also provides that upon a default by the Company in the payment when due of principal of, or premium, if any, or interest on, indebtedness in the aggregate principal amount then outstanding of $5.0 million or more, or acceleration of the Company’s indebtedness so that it becomes due and payable before the date on which it would otherwise have become due and payable, and if such default is not cured or waived within 30 days after notice to the Company by the Trustee or by holders of at least 25% in aggregate principal amount of the PIK Notes then outstanding, the principal of, (and premium, if any) and accrued and unpaid interest on, the PIK Notes may be declared immediately due and payable. The PIK Notes are redeemable in whole or from time to time in part at the Company’s option at a redemption price equal to the sum of (i) 100.0% of the principal amount of the PIK Notes to be redeemed and (ii) accrued and unpaid interest thereon to, but excluding, the redemption date, which amounts may be payable in cash or in shares of the Company’s common stock, (subject to limitations, if any, in the documentation governing the Company’s senior indebtedness). If redeemed for the Company’s common stock the holder will receive a number of shares of the Company’s common stock calculated based on the Fair Market Value of a share of the Company’s common stock at such time, in each case less a 15% discount per share. The Indenture contains provisions permitting the Company and the trustee in certain circumstances, without the consent of the holders of the PIK Notes, and in certain other circumstances, with the consent of the holders of not less than a majority in aggregate principal amount of the PIK Notes at the time outstanding to execute supplemental indentures modifying the terms of the Indenture and the PIK Notes as described It also provided in the Indenture that, subject to certain exceptions, the holders of a majority in aggregate principal amount of the PIK Notes at the time outstanding may on behalf of the holders of all the PIK Notes waive any past default or event of default under the Indenture and its consequences. The Indenture provides for mandatory conversion of the PIK Notes at maturity (or such earlier date as the Company shall elect to redeem the PIK Notes), or upon a Marketed Public Offering of the Company’s common stock or a Change of Control, in each case as defined in the Indenture, at a conversion rate per $100 principal amount of PIK Notes into a number of shares of the Company’s common stock calculated based on the Fair Market Value of a share of the Company’s common stock at such time, in each case less a 15% discount per share. Fair Market Value means fair market value as determined by (A) in the case of a Marketed Public Offering, the offering price per share paid by public investors in the Marketed Public Offering, (B) in the case of a Change of Control, the value of the consideration paid per share by the acquirer in the Change of Control transaction, or (C) in the case of mandatory conversion at the Maturity Date (or such earlier date as the Company shall elect to redeem the PIK Notes), such value as shall be determined by a nationally recognized investment banking firm engaged by the Board of Directors of the Company. The Company used the gross proceeds of $51.8 million that it received from the issuance of the PIK Notes to repay all of the outstanding principal and accrued and unpaid interest on the Bridge Loan. Interest on the Bridge Loan prior to its repayment accrued at a rate of 14% ( 5% cash interest plus 9% PIK interest). The payment obligations of the Borrower under the Bridge Loan have been fully satisfied as of March 4, 2019. The exchange of the Bridge Loan for the PIK Notes was recognized as a modification of the Term Loan as the amended Term Loan, resulting from the exchange, was not substantially different from the Term Loan. As such, the net carrying value of the Term Loan was not adjusted and a new effective interest that equates the revised cash flows of the modified Term Loan to the existing carrying value of the Term Loan was computed and applied prospectively. Costs incurred with third parties of approximately $1.6 million , related to the issuance of the PIK Notes, were recognized in interest expense for the three months ended March 31, 2019 . Insurance Notes The Company entered into insurance promissory notes for the payment of insurance premiums at an interest rate of 4.99% and 3.27% respectively, with an aggregate principal amount outstanding of approximately $3.1 million and $5.2 million as of March 31, 2019 and December 31, 2018 , respectively. The amount outstanding could be substantially offset by the cancellation of the related insurance coverage which is classified in prepaid insurance.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Concentrations of Credit Risk Financial instruments which subject the Company to credit risk consist primarily of cash balances maintained in excess of federal depository insurance limits and trade receivables. Insurance coverage is currently $250,000 per depositor at each financial institution, and the Company's non-interest bearing cash balances exceeded federally insured limits. The Company restricts investment of temporary cash investments to financial institutions with high credit standings. The Company’s customer base consists primarily of multi-national and independent oil and natural gas producers. The Company does not require collateral on its trade receivables. For the three months ended March 31, 2019 , the Company's largest customer, five largest customers, and ten largest customers constituted 10.2% , 34.8% and 48.2% of consolidated revenues, respectively. The loss of any one of the Company's top five customers could have a materially adverse effect on the revenues and profits of the Company. Further, the Company's trade accounts receivable are from companies within the oil and natural gas industry and as such the Company is exposed to normal industry credit risks. As of March 31, 2019 , the Company's largest customer, five largest customers, and ten largest customers constituted 5.8% , 29.9% and 37.4% of accounts receivable, respectively. The Company continually evaluates its reserves for potential credit losses and establishes reserves for such losses. Employee Benefit Plan The Company has a 401(k) retirement plan for substantially all of its employees based on certain eligibility requirements. The Company may provide profit sharing contributions to the plan at the discretion of management. No such discretionary contributions have been made since inception of the plan. Litigation The Company is subject to various other claims and legal actions that arise in the ordinary course of business. The Company does not believe that any of the currently existing claims and actions, separately or in the aggregate, will have a material adverse effect on the Company's business, financial condition, results of operations, or cash flows. It is reasonably possible that cases could be resolved and result in liabilities that exceed the amounts currently reserved; however, we cannot reasonably estimate a range of loss based on the status of the cases. If one or more negative outcomes were to occur relative to these matters, the aggregate impact to the Company’s financial condition could be material. Self-Insurance The Company is self-insured under its Employee Group Medical Plan for the first $150 thousand per individual. The Company is self-insured with a retention for the first $250 thousand in general liability. The Company has an additional premium payable clause under its lead $10 million limit excess policy that states in the event a loss exceeds $1 million , a loss additional premium of up to 15% to 17% of paid losses in excess of $1 million will be due. The loss additional premium is payable at the time when the loss is paid and will be payable over a period agreed by insurers. The Company has accrued liabilities totaling $4.7 million and $5.2 million as of March 31, 2019 and December 31, 2018 , respectively, for the projected additional premium and self-insured portion of these insurance claims as of the financial statement dates. This accrual includes claims made as well as an estimate for claims incurred but not reported by using third party data and claims history as of the financial statement dates. Other The Company is currently undergoing sales and use tax audits for multi-year periods. The Company believes the outcome of these audits will not have a material adverse effect on its results of operations or financial position. Because certain of these audits are in a preliminary stage, an estimate of the possible loss or range of loss cannot reasonably be made.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases The Company adopted a comprehensive new lease accounting standard effective January 1, 2019. The details of the significant changes to our accounting policies resulting from the adoption of the new standard are set out below. The Company adopted the standard on a prospective basis using the optional modified retrospective transition method; accordingly, the comparative information as of December 31, 2018 and for the three months ending March 31, 2018 has not been adjusted and continues to be reported under the previous lease standard. Under the new lease standard, assets and liabilities that arise from all leases are required to be recognized on the balance sheet for lessees. Previously, only capital leases, which are now referred to as finance leases, were recorded on the balance sheet. Beginning January 1, 2019, for all leases with a term in excess of 12 months, the Company recognized a lease liability equal to the present value of the lease payments and a right-of-use asset representing our right to use the underlying asset for the lease term. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term, while finance leases include both an operating expense and an interest expense component. For all leases with a term of 12 months or less, the Company elected the practical expedient to not recognize lease assets and liabilities. The Company recognizes lease expense for these short-term leases on a straight-line basis over the lease term. The Company has a significant number of short-term leases including month-to-month agreements that continue in perpetuity until the lessor or the Company terminates the lease agreement. The Company is a lessee for operating leases, primarily related to real estate, salt water disposal wells and equipment. The vast majority of our operating leases have remaining lease terms of 10 years or less, some of which include options to extend the leases, and some of which include options to terminate the leases. The Company generally does not include renewal or termination options in the assessment of leases unless extension or termination is deemed to be reasonably certain. The accounting for some leases may require significant judgment, which includes determining whether a contract contains a lease, determining the incremental borrowing rates to utilize in the net present value calculation of lease payments for lease agreements which do not provide an implicit rate, and assessing the likelihood of renewal or termination options. Salt water disposal well locations have fixed or both fixed and variable lease amounts where the variable lease payments are based on the volume of fluids injected into to the well and/or sales of products by the Company. The Company also has some lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. The Company is a lessee for finance leases related to autos and trucks and well servicing equipment. The vast majority of the Company's finance leases have remaining lease terms of three years or less, all of which include options to terminate the leases after one year and do not include options to extend the lease. For all finance leases, the Company is subject to a residual value guarantee established by the lessor and based upon the calculated net book value of the vehicle as of the date of early termination of the lease. The loans are collateralized by equipment purchased with the proceeds of such loans. For finance leases, the Company uses discount rates similar to incremental borrowing rates available for comparable equipment financing in our net present value calculation of lease payments. The Company's vehicle finance lease agreements contain lease and non-lease components, which are accounted for separately. The following tables illustrate the financial impact of the Company's leases as of and for the three months ended March 31, 2019, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,214 Interest on lease liabilities 139 Operating lease cost: (1) 336 Short-term lease cost 374 Total lease cost $ 2,063 (1) Includes variable lease costs of $ 45 thousand . As of March 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,969 Current portion of operating lease liabilities $ 755 Long-term operating lease liabilities, net of current portion $ 5,214 Finance leases: Property and equipment, net $ 16,917 Current portion of long-term debt $ 4,390 Long-term debt, net of current portion and debt discount $ 9,182 Three Months Ended Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 710 Operating cash flows for finance leases - interest $ 139 Financing cash flows for finance leases $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ 6,150 Finance leases $ 1,436 Weighted-average remaining lease term: Operating leases 8.9 years Finance leases 2.5 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 4.7 % The following table summarizes the maturity of the Company's operating and finance leases as of March 31, 2019 (in thousands): Operating Leases - Related Party Operating Leases - Other Finance Leases 2019 $ 78 $ 1,558 $ 4,897 2020 46 1,042 4,989 2021 — 1,036 3,684 2022 — 872 1,053 2023 — 747 — Thereafter — 3,554 — Total minimum lease payments 124 8,809 14,623 Less imputed interest (10 ) (2,219 ) (1,051 ) Less short-term leases excluded from the balance sheet — (735 ) — Total lease liabilities per balance sheet $ 114 $ 5,855 $ 13,572 The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases - Related Party Operating Leases - Other Capital Leases 2019 $ 30 $ 2,027 $ 4,559 2020 30 986 4,334 2021 8 946 3,375 2022 — 781 1,051 2023 — 386 — Thereafter — 1,350 — Total $ 68 $ 6,476 $ 13,319
Leases	Leases The Company adopted a comprehensive new lease accounting standard effective January 1, 2019. The details of the significant changes to our accounting policies resulting from the adoption of the new standard are set out below. The Company adopted the standard on a prospective basis using the optional modified retrospective transition method; accordingly, the comparative information as of December 31, 2018 and for the three months ending March 31, 2018 has not been adjusted and continues to be reported under the previous lease standard. Under the new lease standard, assets and liabilities that arise from all leases are required to be recognized on the balance sheet for lessees. Previously, only capital leases, which are now referred to as finance leases, were recorded on the balance sheet. Beginning January 1, 2019, for all leases with a term in excess of 12 months, the Company recognized a lease liability equal to the present value of the lease payments and a right-of-use asset representing our right to use the underlying asset for the lease term. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term, while finance leases include both an operating expense and an interest expense component. For all leases with a term of 12 months or less, the Company elected the practical expedient to not recognize lease assets and liabilities. The Company recognizes lease expense for these short-term leases on a straight-line basis over the lease term. The Company has a significant number of short-term leases including month-to-month agreements that continue in perpetuity until the lessor or the Company terminates the lease agreement. The Company is a lessee for operating leases, primarily related to real estate, salt water disposal wells and equipment. The vast majority of our operating leases have remaining lease terms of 10 years or less, some of which include options to extend the leases, and some of which include options to terminate the leases. The Company generally does not include renewal or termination options in the assessment of leases unless extension or termination is deemed to be reasonably certain. The accounting for some leases may require significant judgment, which includes determining whether a contract contains a lease, determining the incremental borrowing rates to utilize in the net present value calculation of lease payments for lease agreements which do not provide an implicit rate, and assessing the likelihood of renewal or termination options. Salt water disposal well locations have fixed or both fixed and variable lease amounts where the variable lease payments are based on the volume of fluids injected into to the well and/or sales of products by the Company. The Company also has some lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. The Company is a lessee for finance leases related to autos and trucks and well servicing equipment. The vast majority of the Company's finance leases have remaining lease terms of three years or less, all of which include options to terminate the leases after one year and do not include options to extend the lease. For all finance leases, the Company is subject to a residual value guarantee established by the lessor and based upon the calculated net book value of the vehicle as of the date of early termination of the lease. The loans are collateralized by equipment purchased with the proceeds of such loans. For finance leases, the Company uses discount rates similar to incremental borrowing rates available for comparable equipment financing in our net present value calculation of lease payments. The Company's vehicle finance lease agreements contain lease and non-lease components, which are accounted for separately. The following tables illustrate the financial impact of the Company's leases as of and for the three months ended March 31, 2019, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,214 Interest on lease liabilities 139 Operating lease cost: (1) 336 Short-term lease cost 374 Total lease cost $ 2,063 (1) Includes variable lease costs of $ 45 thousand . As of March 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,969 Current portion of operating lease liabilities $ 755 Long-term operating lease liabilities, net of current portion $ 5,214 Finance leases: Property and equipment, net $ 16,917 Current portion of long-term debt $ 4,390 Long-term debt, net of current portion and debt discount $ 9,182 Three Months Ended Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 710 Operating cash flows for finance leases - interest $ 139 Financing cash flows for finance leases $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ 6,150 Finance leases $ 1,436 Weighted-average remaining lease term: Operating leases 8.9 years Finance leases 2.5 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 4.7 % The following table summarizes the maturity of the Company's operating and finance leases as of March 31, 2019 (in thousands): Operating Leases - Related Party Operating Leases - Other Finance Leases 2019 $ 78 $ 1,558 $ 4,897 2020 46 1,042 4,989 2021 — 1,036 3,684 2022 — 872 1,053 2023 — 747 — Thereafter — 3,554 — Total minimum lease payments 124 8,809 14,623 Less imputed interest (10 ) (2,219 ) (1,051 ) Less short-term leases excluded from the balance sheet — (735 ) — Total lease liabilities per balance sheet $ 114 $ 5,855 $ 13,572 The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases - Related Party Operating Leases - Other Capital Leases 2019 $ 30 $ 2,027 $ 4,559 2020 30 986 4,334 2021 8 946 3,375 2022 — 781 1,051 2023 — 386 — Thereafter — 1,350 — Total $ 68 $ 6,476 $ 13,319

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Management Incentive Plan A summary of the Company's share-based compensation expense during the periods presented are as follows (in thousands): Three Months Ended March 31, 2019 2018 Share based compensation expense recognized $ 253 $ 251 As of March 31, 2019 Unrecognized compensation cost (in thousands) $ 2,715 Remaining weighted-average service period (years) 3.25 During the three months ended March 31, 2019 , the Company granted no restricted stock units to officers and employees subject to the Management Incentive Plan. Below is a summary of the unvested restricted stock units. Number of Shares Weighted Average Fair Value Unvested as of December 31, 2018 329,240 $ 9.68 Granted — $ — Vested (7,200 ) $ 11.00 Forfeited — $ — Unvested as of March 31, 2019 322,040 $ 9.99

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions During the three months ended March 31, 2019 and 2018 the Company incurred approximately $0.3 million and $0.3 million , respectively, in related party expenses, primarily related to lease rents. There was no related party revenue for the three months ended March 31, 2019 and 2018 . There were no related party accounts receivable or accounts payable as of March 31, 2019 or December 31, 2018 . In addition to such related party transactions above, Lawrence “Larry” First, a director of FES Ltd., serves as the Chief Investment Officer and Managing Director of Ascribe Capital LLC, or Ascribe, and Brett G. Wyard, also a director of FES Ltd., serves as a Managing Partner of Solace Capital Partners, or Solace. Ascribe and/or one or more of its affiliates own approximately 23.6% of the outstanding common stock as of March 31, 2019, and is owed approximately $17.8 million of the aggregate principal amount of the Term Loan Agreement and approximately $27.5 million of the aggregate principle amount of the PIK Notes. Solace and/or one of its affiliates own approximately 17.4% of the outstanding common stock as of March 31, 2019, and is owed approximately $16.2 million of the aggregate principal amount of the term loan covered by the Term Loan Agreement and approximately $20.3 million of the aggregate principal amount of the PIK Notes. Moreover, an affiliate of Solace and affiliates of Ascribe are parties to certain registration rights agreement by and among the Company and certain stockholders of the Company.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings (loss) per share, or EPS, is computed by dividing net income (loss) available to common stockholders by the weighted-average common stock outstanding during the period. Diluted earnings (loss) per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock, such as restricted stock units or the PIK Notes, were exercised and converted into common stock. Potential common stock equivalents relate to outstanding stock options and unvested restricted stock units, which are determined using the treasury stock method, and the PIK Notes, which were determined using the "if-converted" method. In applying the if-converted method, conversion is not assumed for purposes of computing diluted EPS if the effect would be antidilutive. The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts): Three Months Ended March 31, 2019 2018 Basic and diluted: Net loss $ (11,634 ) $ (8,547 ) Weighted-average common shares 5,442 5,336 Basic and diluted net loss per share $ (2.14 ) $ (1.60 ) There were 322,040 and 363,300 unvested restricted stock units that were not included in the calculation of diluted EPS for the three months ended March 31, 2019 and 2018 , respectively, and approximately 18.7 million shares related to the potential conversion of the PIK Notes at March 31, 2019 because their effect would have been antidilutive.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company has three reportable segments organized based on its products and services—well servicing, coiled tubing and fluid logistics. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Upon the acquisition of Cretic, we evaluated our segment information and determined that coiled tubing represented a separate segment under our current facts. All prior year segment information has been recast to reflect the change in our segment reporting. Well Servicing The Company's well servicing segment utilizes a fleet of well servicing rigs, which was comprised of workover rigs and swabbing rigs and other related assets and equipment to provide the following services:(i) well maintenance, including remedial repairs and removal and replacement of downhole production equipment, (ii) well workovers, including significant downhole repairs, re-completions and re-perforations, (iii) completion and swabbing activities, (iv) plugging and abandonment services, and (v) pressure testing of oil and natural gas production tubing and scanning tubing for pitting and wall thickness using tubing testing units. Coiled Tubing The coiled tubing segment utilizes our fleet of coiled tubing units to provide a range of services accomplishing a wide variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. Fluid Logistics The Company's fluid logistics segment utilizes a fleet of fluid transport trucks and related assets, including specialized vacuum, high-pressure pump and tank trucks, frac tanks, water wells, salt water disposal wells and facilities, and related equipment to provide services such as transportation, storage and disposal of a variety of drilling and produced fluids used in, and generated by, oil and natural gas production. These services are required in most workover and completion projects and are routinely used in the daily operation of producing wells. The following table sets forth certain financial information with respect to the Company’s reportable segments (in thousands): Well Servicing Coiled Tubing Fluid Logistics Total Three Months Ended March 31, 2019 Operating revenues $ 24,750 $ 20,010 $ 13,628 $ 58,388 Direct operating costs 17,549 17,938 10,652 46,139 Segment profits $ 7,201 $ 2,072 $ 2,976 $ 12,249 Depreciation and amortization $ 2,642 $ 3,538 $ 3,259 $ 9,439 Capital expenditures (1) $ 2,443 $ 2,298 $ 340 $ 5,081 Total assets $ 76,344 $ 109,995 $ 54,381 $ 240,720 Long lived assets $ 54,790 $ 84,284 $ 42,413 $ 181,487 Three Months Ended March 31, 2018 Operating revenues $ 17,655 $ 5,202 $ 12,735 $ 35,592 Direct operating costs 14,850 4,167 10,689 29,706 Segment profits $ 2,805 $ 1,035 $ 2,046 $ 5,886 Depreciation and amortization $ 2,435 $ 1,297 $ 3,431 $ 7,163 Capital expenditures (1) $ 1,163 $ 3,242 $ 955 $ 5,360 Total assets $ 72,469 $ 18,953 $ 68,522 $ 159,944 Long lived assets $ 67,082 $ 16,533 $ 43,358 $ 126,973 (1) Capital expenditures listed above include all cash and non-cash additions to property and equipment, including finance leases and fixed assets recorded in accounts payable at year-end. Three Months Ended March 31, 2019 2018 Reconciliation of Operating Loss As Reported: Segment profits $ 12,249 $ 5,886 Less: General and administrative expense 6,825 4,888 Depreciation and amortization 9,439 7,163 Operating loss (4,015 ) (6,165 ) Other income (expenses), net (7,683 ) (2,365 ) Pre-tax loss $ (11,698 ) $ (8,530 ) March 31, 2019 Reconciliation of Total Assets As Reported: Total reportable segments $ 240,720 Parent 9,835 Total assets $ 250,555

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following tables show revenue disaggregated by primary geographical markets and major service lines for the three months ended March 31, 2019 and 2018 (in thousands): Three months ended March 31, 2019 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 18,177 $ 4,238 $ 6,172 $ 28,587 East Texas (1) 854 — 835 1,689 Central Texas — — 3,096 3,096 West Texas 5,719 15,772 3,525 25,016 Total $ 24,750 $ 20,010 $ 13,628 $ 58,388 Three months ended March 31, 2018 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 12,812 $ 3,843 $ 6,629 $ 23,284 East Texas (1) 653 — 577 1,230 Central Texas — — 3,004 3,004 West Texas 4,190 1,359 2,525 8,074 Total $ 17,655 $ 5,202 $ 12,735 $ 35,592 (1) Includes revenues from the Company's operations in Pennsylvania.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended March 31, 2019 2018 Cash paid for Interest $ 1,013 $ 921 Income tax $ — $ — Supplemental schedule of non-cash investing and financing activities Change in accounts payable related to capital expenditures $ 49 $ 2,414 Exchange of Bridge Loan for PIK Notes $ 47,346 $ — Finance leases on equipment $ 1,436 $ 583

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", or ASU 2016-13, which introduces a new impairment model for financial instruments that is based on expected credit losses rather than incurred credit losses. The new impairment model applies to most financial assets, including trade accounts receivable. The amendments in ASU 2016-13 are effective for interim and annual reporting periods beginning after December 15, 2019 with early adoption permitted for annual periods beginning after December 15, 2018. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment", or ASU 2017-04, which addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-04 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. The guidance is effective for all entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Information	Interim Financial Information The unaudited condensed consolidated financial statements of the Company are prepared in conformity with accounting principles generally accepted in the United States of America, or GAAP, for interim financial reporting. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Therefore, these condensed consolidated financial statements should be read along with the annual audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . All significant intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, all adjustments which are of normal recurring natures considered necessary for a fair representation have been made in the accompanying unaudited financial statements.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Fair value is the price that would be received to sell an asset, or the amount paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. There is a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The Company classifies fair value balances based on the observability of those inputs. The three levels of the fair value hierarchy are as follows: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 - Inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable. These inputs are either directly observable in the marketplace or indirectly observable through corroboration with market data for substantially the full contractual term of the asset or liability being measured. • Level 3 - Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. In valuing certain assets and liabilities, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. For disclosure purposes, assets and liabilities are classified in their entirety in the fair value hierarchy level based on the lowest level of input that is significant to the overall fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement within the fair value hierarchy levels. The carrying amounts of cash and cash equivalents, accounts receivable-trade, accounts receivable-other, accounts payable-trade and insurance notes approximate fair value because of the short maturity of these instruments. The fair values of finance leases approximate their carrying values, based on current market rates at which the Company could borrow funds with similar maturities (Level 2 in the fair value hierarchy). The fair values of the Term Loan Agreement, Bridge Loan and the PIK Notes as of the respective dates are set forth below (in thousands): March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Agreement $ 64,032 $ 67,534 $ 62,335 $ 65,794 Bridge Loan $ — $ — $ 49,568 $ 50,000 PIK Notes $ 52,354 $ 61,157 $ — $ —
Cash, Cash Equivalents and Cash - Restricted	Cash, Cash Equivalents and Cash - Restricted The following table provides a reconciliation of cash, cash equivalents and cash - restricted reported within the consolidated balance sheets to the same such amounts shown in the consolidated statements of cash flows (in thousands). March 31, 2019 2018 Cash and cash equivalents $ 2,201 $ 7,572 Cash - restricted 73 25,601 Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows $ 2,274 $ 33,173 The Company's restricted cash at March 31, 2018 included $16.9 million related to a prior restriction under the Term Loan Agreement and $8.7 million as collateral for certain outstanding letters of credit and the Company's corporate credit card program under a prior credit facility with Regions.
Revenue Recognition	Revenue Recognition Revenue is measured as consideration specified in a contract with a customer and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by providing service to a customer. Amounts are billed upon completion of service and are generally due within 30 days. The Company has its principal revenue generating activities organized into three service lines, well servicing, coiled tubing and fluid logistics. The Company's well servicing line consists primarily of maintenance, workover, completion, plugging and abandonment, and tubing testing services. The Company's coiled tubing line consists of maintenance, workover and completion services. The Company's fluid logistics line provides supporting services to the well servicing line as well as direct sales to customers for fluid management and movement. The Company generally establishes a master services agreement with each customer and provides associated services on a work order basis in increments of days, by the hour for services performed or on occasion, bid/turnkey pricing. Services provided under the well servicing and the fluid logistics segments are short in duration and generally completed within 30 days. The majority of the Company’s contracts with customers in the well servicing, coiled tubing and fluid logistics segments are short-term in nature and are recognized as “over-time” performance obligations as the services are performed. The Company applies the “as-invoiced” practical expedient as the amount of consideration the Company has a right to invoice corresponds directly with the value of the Company’s performance to date. Because of the short-term nature of the Company’s services, which generally last a few hours to multiple days, the Company does not have any contracts with a duration longer than one year that require disclosure. The Company has no material contract assets or liabilities. The Company does not have any revenue expected to be recognized in the future related to remaining performance obligations or contracts with variable consideration related to undelivered performance obligations. There was no revenue recognized in the current period from performance obligations satisfied in previous periods. The Company's significant judgments made in connection with the adoption of ASC 606 included the determination of when the Company satisfies its performance obligation to customers and the applicability of the as invoiced practical expedient.
Leases	Leases Effective January 1, 2019, the Company adopted an accounting standard update issued by the Financial Accounting Standards Board (FASB) related to accounting for leases, which requires lessees to record assets and liabilities that arise for all leases on their balance sheet and expanded financial statement disclosures for both lessees and lessors. Previously, only capital leases were recorded on the balance sheet. This update requires lessees to recognize a lease liability equal to the present value of its lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term for all leases longer than 12 months. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and liabilities and instead recognize lease expense for such leases generally on a straight-line basis over the lease term. Leases with a term of longer than 12 months will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company adopted this standard on a prospective basis using the optional modified retrospective transition method. As such, the comparative financial information has not been restated and continues to be reported under the lease standard in effect during those periods. The Company also elected other practical expedients provided by the new standard, including the package of practical expedients, the hindsight practical expedient and the short-term lease recognition practical expedient in which leases with a term of 12 months or less are not recognized on the balance sheet. The adoption of this standard resulted in the recognition of approximately $6.2 million of operating lease right-of-use assets and operating lease liabilities on the balance sheet as of January 1, 2019. The adoption of this standard did not materially impact the condensed consolidated statements of operations for the three months ended March 31, 2019. See Note 8 for the expanded lease disclosures required by the new standard.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", or ASU 2016-13, which introduces a new impairment model for financial instruments that is based on expected credit losses rather than incurred credit losses. The new impairment model applies to most financial assets, including trade accounts receivable. The amendments in ASU 2016-13 are effective for interim and annual reporting periods beginning after December 15, 2019 with early adoption permitted for annual periods beginning after December 15, 2018. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment", or ASU 2017-04, which addresses concerns over the cost and complexity of the two-step goodwill impairment test by removing the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-04 will be effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. The guidance is effective for all entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and early adoption is permitted. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of the Carrying Amounts and Estimated Fair Values of Financial Instruments	The fair values of the Term Loan Agreement, Bridge Loan and the PIK Notes as of the respective dates are set forth below (in thousands): March 31, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Agreement $ 64,032 $ 67,534 $ 62,335 $ 65,794 Bridge Loan $ — $ — $ 49,568 $ 50,000 PIK Notes $ 52,354 $ 61,157 $ — $ —
Reconciliation of Cash, Cash Equivalents and Cash - Restricted	The following table provides a reconciliation of cash, cash equivalents and cash - restricted reported within the consolidated balance sheets to the same such amounts shown in the consolidated statements of cash flows (in thousands). March 31, 2019 2018 Cash and cash equivalents $ 2,201 $ 7,572 Cash - restricted 73 25,601 Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows $ 2,274 $ 33,173

Acquisition of Cretic Energy _2

Acquisition of Cretic Energy Services, LLC (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Pro Forma Information	The following unaudited consolidated pro forma information is presented as if the Cretic acquisition had occurred on January 1, 2018 (in thousands): Pro Forma Three Months Ended March 31, 2018 Revenue $ 49,456 Net loss $ (10,572 )

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	Property and equipment consisted of the following (in thousands): Estimated Life in Years March 31, 2019 December 31, 2018 Well servicing equipment 9-15 years $ 127,583 $ 128,647 Well servicing equipment - finance lease 9-15 years 2,176 1,291 Autos and trucks 5-10 years 31,779 32,132 Autos and trucks - finance lease 5-10 years 20,450 19,125 Disposal wells 5-15 years 3,979 3,977 Building and improvements 5-30 years 5,733 5,705 Furniture and fixtures 3-15 years 2,916 2,797 Land 868 868 195,484 194,542 Accumulated depreciation (1) (52,932 ) (45,934 ) $ 142,552 $ 148,608 (1) Includes accumulated depreciation of finance lease assets of $5.7 million and $4.5 million at March 31, 2019 and December 31, 2018, respectively.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	The following table sets forth the identified other intangible assets by major asset class (in thousands): Useful Life (years) Gross Carrying Value Accumulated Amortization Net Book Value March 31, 2019 Customer relationships 6-15 $ 11,378 $ (1,077 ) $ 10,301 Trade names 10-15 3,072 (552 ) 2,520 Covenants not to compete 4 1,505 (741 ) 764 $ 15,955 $ (2,370 ) $ 13,585 December 31, 2018 Customer relationships 6-15 $ 11,378 $ (832 ) $ 10,546 Trade names 10-15 3,072 (496 ) 2,576 Covenants not to compete 4 1,505 (647 ) 858 $ 15,955 $ (1,975 ) $ 13,980
Future Amortization Expense	Future amortization of these intangibles will be as follows: 2019 $ 1,150 2020 1,545 2021 1,276 2022 1,169 2023 1,169 Thereafter 7,276 $ 13,585

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long Term Debt	Long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Term Loan Agreement of $60.0 million, plus $7.4 million and $6.0 million of accrued interest paid in kind and net of debt discount of $3.3 million and $3.6 million as of March 31, 2019 and December 31, 2018, respectively $ 64,032 $ 62,335 PIK Notes, including $0.6 million accretion of interest and conversion premium 52,354 — Bridge Loan of $50.0 million, net of debt discount of $0.4 million as of December 31, 2018 — 49,568 Finance leases 13,572 13,319 Insurance notes 3,110 5,194 Total debt 133,068 130,416 Less: Current portion (7,500 ) (59,321 ) Total long-term debt $ 125,568 $ 71,095

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease Information	The following tables illustrate the financial impact of the Company's leases as of and for the three months ended March 31, 2019, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,214 Interest on lease liabilities 139 Operating lease cost: (1) 336 Short-term lease cost 374 Total lease cost $ 2,063 (1) Includes variable lease costs of $ 45 thousand . As of March 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,969 Current portion of operating lease liabilities $ 755 Long-term operating lease liabilities, net of current portion $ 5,214 Finance leases: Property and equipment, net $ 16,917 Current portion of long-term debt $ 4,390 Long-term debt, net of current portion and debt discount $ 9,182 Three Months Ended Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 710 Operating cash flows for finance leases - interest $ 139 Financing cash flows for finance leases $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ 6,150 Finance leases $ 1,436 Weighted-average remaining lease term: Operating leases 8.9 years Finance leases 2.5 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 4.7 %
Maturity of Finance Leases	The following table summarizes the maturity of the Company's operating and finance leases as of March 31, 2019 (in thousands): Operating Leases - Related Party Operating Leases - Other Finance Leases 2019 $ 78 $ 1,558 $ 4,897 2020 46 1,042 4,989 2021 — 1,036 3,684 2022 — 872 1,053 2023 — 747 — Thereafter — 3,554 — Total minimum lease payments 124 8,809 14,623 Less imputed interest (10 ) (2,219 ) (1,051 ) Less short-term leases excluded from the balance sheet — (735 ) — Total lease liabilities per balance sheet $ 114 $ 5,855 $ 13,572
Maturity of Operating Leases	The following table summarizes the maturity of the Company's operating and finance leases as of March 31, 2019 (in thousands): Operating Leases - Related Party Operating Leases - Other Finance Leases 2019 $ 78 $ 1,558 $ 4,897 2020 46 1,042 4,989 2021 — 1,036 3,684 2022 — 872 1,053 2023 — 747 — Thereafter — 3,554 — Total minimum lease payments 124 8,809 14,623 Less imputed interest (10 ) (2,219 ) (1,051 ) Less short-term leases excluded from the balance sheet — (735 ) — Total lease liabilities per balance sheet $ 114 $ 5,855 $ 13,572
Maturity of Leases under ASC 840	Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in thousands): Operating Leases - Related Party Operating Leases - Other Capital Leases 2019 $ 30 $ 2,027 $ 4,559 2020 30 986 4,334 2021 8 946 3,375 2022 — 781 1,051 2023 — 386 — Thereafter — 1,350 — Total $ 68 $ 6,476 $ 13,319

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements	A summary of the Company's share-based compensation expense during the periods presented are as follows (in thousands): Three Months Ended March 31, 2019 2018 Share based compensation expense recognized $ 253 $ 251 As of March 31, 2019 Unrecognized compensation cost (in thousands) $ 2,715 Remaining weighted-average service period (years) 3.25
Schedule of Nonvested Restricted Stock Units Activity	During the three months ended March 31, 2019 , the Company granted no restricted stock units to officers and employees subject to the Management Incentive Plan. Below is a summary of the unvested restricted stock units. Number of Shares Weighted Average Fair Value Unvested as of December 31, 2018 329,240 $ 9.68 Granted — $ — Vested (7,200 ) $ 11.00 Forfeited — $ — Unvested as of March 31, 2019 322,040 $ 9.99

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Share	The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts): Three Months Ended March 31, 2019 2018 Basic and diluted: Net loss $ (11,634 ) $ (8,547 ) Weighted-average common shares 5,442 5,336 Basic and diluted net loss per share $ (2.14 ) $ (1.60 )

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Condensed Financial Statements	The following table sets forth certain financial information with respect to the Company’s reportable segments (in thousands): Well Servicing Coiled Tubing Fluid Logistics Total Three Months Ended March 31, 2019 Operating revenues $ 24,750 $ 20,010 $ 13,628 $ 58,388 Direct operating costs 17,549 17,938 10,652 46,139 Segment profits $ 7,201 $ 2,072 $ 2,976 $ 12,249 Depreciation and amortization $ 2,642 $ 3,538 $ 3,259 $ 9,439 Capital expenditures (1) $ 2,443 $ 2,298 $ 340 $ 5,081 Total assets $ 76,344 $ 109,995 $ 54,381 $ 240,720 Long lived assets $ 54,790 $ 84,284 $ 42,413 $ 181,487 Three Months Ended March 31, 2018 Operating revenues $ 17,655 $ 5,202 $ 12,735 $ 35,592 Direct operating costs 14,850 4,167 10,689 29,706 Segment profits $ 2,805 $ 1,035 $ 2,046 $ 5,886 Depreciation and amortization $ 2,435 $ 1,297 $ 3,431 $ 7,163 Capital expenditures (1) $ 1,163 $ 3,242 $ 955 $ 5,360 Total assets $ 72,469 $ 18,953 $ 68,522 $ 159,944 Long lived assets $ 67,082 $ 16,533 $ 43,358 $ 126,973 (1) Capital expenditures listed above include all cash and non-cash additions to property and equipment, including finance leases and fixed assets recorded in accounts payable at year-end.
Financial Information with Respect to Reportable Segments	Three Months Ended March 31, 2019 2018 Reconciliation of Operating Loss As Reported: Segment profits $ 12,249 $ 5,886 Less: General and administrative expense 6,825 4,888 Depreciation and amortization 9,439 7,163 Operating loss (4,015 ) (6,165 ) Other income (expenses), net (7,683 ) (2,365 ) Pre-tax loss $ (11,698 ) $ (8,530 ) March 31, 2019 Reconciliation of Total Assets As Reported: Total reportable segments $ 240,720 Parent 9,835 Total assets $ 250,555

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables show revenue disaggregated by primary geographical markets and major service lines for the three months ended March 31, 2019 and 2018 (in thousands): Three months ended March 31, 2019 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 18,177 $ 4,238 $ 6,172 $ 28,587 East Texas (1) 854 — 835 1,689 Central Texas — — 3,096 3,096 West Texas 5,719 15,772 3,525 25,016 Total $ 24,750 $ 20,010 $ 13,628 $ 58,388 Three months ended March 31, 2018 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 12,812 $ 3,843 $ 6,629 $ 23,284 East Texas (1) 653 — 577 1,230 Central Texas — — 3,004 3,004 West Texas 4,190 1,359 2,525 8,074 Total $ 17,655 $ 5,202 $ 12,735 $ 35,592 (1) Includes revenues from the Company's operations in Pennsylvania.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Three Months Ended March 31, 2019 2018 Cash paid for Interest $ 1,013 $ 921 Income tax $ — $ — Supplemental schedule of non-cash investing and financing activities Change in accounts payable related to capital expenditures $ 49 $ 2,414 Exchange of Bridge Loan for PIK Notes $ 47,346 $ — Finance leases on equipment $ 1,436 $ 583

Basis of Presentation - Fair Va

Basis of Presentation - Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
New First Lien Term Loan Facility (Exit Facility) | Term Loan Agreement | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	$ 64,032	$ 62,335
New First Lien Term Loan Facility (Exit Facility) | Term Loan Agreement | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	67,534	65,794
Bridge Loan | 9% Senior Notes | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	0	49,568
Bridge Loan | 9% Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	0	50,000
PIK Notes | Subordinated Convertible PIK Notes | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	52,354	0
PIK Notes | Subordinated Convertible PIK Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt agreements	$ 61,157	$ 0

Basis of Presentation - Cash, C

Basis of Presentation - Cash, Cash Equivalents and Cash - Restricted (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 2,201	$ 8,083	$ 7,572
Cash - restricted	73	73	25,601
Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows	$ 2,274	$ 8,156	33,173	$ 35,480
Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash			16,900
Letter of Credit | New Regions Letter of Credit Facility
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash			$ 8,700

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)segment	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Billing period for service invoices	30 days
Number of reportable segments | segment	3
Duration of customer contract, maximum	1 year
Operating lease right-of-use assets	$ 5,969		$ 0
Operating lease liabilities	$ 5,855
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 6,200
Operating lease liabilities		$ 6,200

Acquisition of Cretic Energy _3

Acquisition of Cretic Energy Services, LLC (Details) - Cretic Energy Services, LLC $ in Millions	Nov. 16, 2018USD ($)
Business Acquisition [Line Items]
Outstanding units of Cretic acquired (percent)	100.00%
Acquisition purchase price	$ 69.4
Cash acquired from acquisition	$ 2.2

Acquisition of Cretic Energy _4

Acquisition of Cretic Energy Services, LLC - Pro Forma Information (Details) - Cretic Energy Services, LLC $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Business Acquisition [Line Items]
Revenue	$ 49,456
Net loss	$ (10,572)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Summary of Property and equipment
Property and equipment, gross	$ 195,484	$ 194,542
Accumulated depreciation (1)	(52,932)	(45,934)
Property and equipment, net	142,552	148,608
Well servicing equipment
Summary of Property and equipment
Property and equipment, gross	$ 127,583	128,647
Well servicing equipment | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Well servicing equipment | Minimum
Summary of Property and equipment
Property and equipment, estimated life	9 years
Well servicing equipment - finance lease
Summary of Property and equipment
Property and equipment, gross	$ 2,176	1,291
Well servicing equipment - finance lease | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Well servicing equipment - finance lease | Minimum
Summary of Property and equipment
Property and equipment, estimated life	9 years
Autos and trucks
Summary of Property and equipment
Property and equipment, gross	$ 31,779	32,132
Autos and trucks | Maximum
Summary of Property and equipment
Property and equipment, estimated life	10 years
Autos and trucks | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Autos and trucks - finance lease
Summary of Property and equipment
Property and equipment, gross	$ 20,450	19,125
Autos and trucks - finance lease | Maximum
Summary of Property and equipment
Property and equipment, estimated life	10 years
Autos and trucks - finance lease | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Disposal wells
Summary of Property and equipment
Property and equipment, gross	$ 3,979	3,977
Disposal wells | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Disposal wells | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Building and improvements
Summary of Property and equipment
Property and equipment, gross	$ 5,733	5,705
Building and improvements | Maximum
Summary of Property and equipment
Property and equipment, estimated life	30 years
Building and improvements | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Furniture and fixtures
Summary of Property and equipment
Property and equipment, gross	$ 2,916	2,797
Furniture and fixtures | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Furniture and fixtures | Minimum
Summary of Property and equipment
Property and equipment, estimated life	3 years
Land
Summary of Property and equipment
Property and equipment, gross	$ 868	$ 868

Property and Equipment - Deprec

Property and Equipment - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ 52,932		$ 45,934
Depreciation expense	9,000	$ 6,900
Finance leased assets
Property, Plant and Equipment [Line Items]
Accumulated depreciation	5,700		$ 4,500
Depreciation expense	$ 1,200	$ 700

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 19,700		$ 19,700
Amortization expenses	$ 400	$ 300

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Major Asset Class (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Intangible Assets
Gross Carrying Value	$ 15,955	$ 15,955
Accumulated Amortization	(2,370)	(1,975)
Net Book Value	13,585	13,980
Customer relationships
Intangible Assets
Gross Carrying Value	11,378	11,378
Accumulated Amortization	(1,077)	(832)
Net Book Value	10,301	10,546
Trade names
Intangible Assets
Gross Carrying Value	3,072	3,072
Accumulated Amortization	(552)	(496)
Net Book Value	$ 2,520	$ 2,576
Covenants not to compete
Intangible Assets
Useful Life (years)	4 years	4 years
Gross Carrying Value	$ 1,505	$ 1,505
Accumulated Amortization	(741)	(647)
Net Book Value	$ 764	$ 858
Minimum | Customer relationships
Intangible Assets
Useful Life (years)	6 years	6 years
Minimum | Trade names
Intangible Assets
Useful Life (years)	10 years	10 years
Maximum | Customer relationships
Intangible Assets
Useful Life (years)	15 years	15 years
Maximum | Trade names
Intangible Assets
Useful Life (years)	15 years	15 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Finite-lived Intangible Assets, Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 1,150
2020	1,545
2021	1,276
2022	1,169
2023	1,169
Thereafter	7,276
Net Book Value	$ 13,585	$ 13,980

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 133,068	$ 130,416
Less: Current portion	(7,500)	(59,321)
Total long-term debt	125,568	71,095
Finance leases
Debt Instrument [Line Items]
Total debt	13,572	13,319
Finance leases | Term Loan Agreement of $60.0 million, plus $7.4 million and $6.0 million of accrued interest paid in kind and net of debt discount of $3.3 million and $3.6 million as of March 31, 2019 and December 31, 2018, respectively
Debt Instrument [Line Items]
Total debt	64,032	62,335
Accrued interest paid in kind	7,400	6,000
Deferred financing costs	3,300	3,600
PIK Notes | Subordinated Convertible PIK Notes
Debt Instrument [Line Items]
Total debt	52,354	0
Accretion of premium	600
Bridge Loan | 9% Senior Notes
Debt Instrument [Line Items]
Total debt	0	49,568
Unamortized discount		400
Insurance notes
Debt Instrument [Line Items]
Total debt	$ 3,110	$ 5,194

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Mar. 04, 2019	Nov. 16, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 03, 2019	Dec. 31, 2018	Apr. 13, 2018	Dec. 31, 2017	Apr. 13, 2017
Debt Instrument [Line Items]
Debt instrument, PIK interest rate (percent)			9.00%
Interest paid in kind			$ 3,172,000	$ 924,000
Debt and capital lease obligations			133,068,000			$ 130,416,000
New First Lien Term Loan Facility (Exit Facility)
Debt Instrument [Line Items]
Debt and capital lease obligations			13,572,000			13,319,000
Senior notes | 9% Senior Notes
Debt Instrument [Line Items]
Debt and capital lease obligations			$ 0			49,568,000
PIK Notes | Subordinated Convertible PIK Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 51,800,000
Debt instrument, stated interest rate	5.00%
Debt Instrument, Uncured Payment Default Amount to Trigger Acceleration of Debt Due Date	$ 5,000,000
Debt Instrument, Period to Waive or Cure Debt Default			30 days
Debt Holders Who Must Approve Waiver or Cure Debt Default, Percent			25.00%
Debt Instrument, Redemption Price, Percentage			100.00%
PIK Convertible Note, Conversion Rate, Discount Per Share	15.00%
Proceeds from Issuance of Debt	$ 51,800,000
Debt issuance costs recognized in interest expense	$ 1,600,000
Debt and capital lease obligations			$ 52,354,000			0
Insurance notes
Debt Instrument [Line Items]
Debt and capital lease obligations			3,110,000			$ 5,194,000
Insurance notes | Insurance Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate						3.27%		4.99%
Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Debt Instrument [Line Items]
Maximum borrowing capacity									$ 60,000,000
Debt instrument, cash interest rate (percent)									5.00%
Debt instrument, PIK interest rate (percent)							2.00%		7.00%
Interest paid in kind			1,400,000
Debt and capital lease obligations			64,032,000			$ 62,335,000
Cretic Energy Services, LLC | Senior notes | 9% Senior Notes
Debt Instrument [Line Items]
Debt instrument, cash interest rate (percent)					5.00%
Debt instrument, PIK interest rate (percent)					9.00%
Debt Instrument, Term		1 year
Debt instrument, face amount		$ 50,000,000
Debt instrument, stated interest rate					14.00%
Cretic Energy Services, LLC | Line of Credit | Amendment to New First Lien Term Loan Facility (Exit Facility)
Debt Instrument [Line Items]
Maximum borrowing capacity		10,000,000
Cretic Energy Services, LLC | Revolving Credit Facility | Revolving Loan Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 35,000,000
Borrowing Base Rate Percentage Of Eligible Accounts		85.00%
Borrowing Base Rate Percentage of Eligible Investment Grade Accounts Receivable		90.00%
Borrowing Base Rate Percentage of Eligible Cash. Less Reserves		100.00%
Letters of credit outstanding			0
Letters of Credit Outstanding, Amount			6,100,000
Line of Credit Facility, Remaining Borrowing Capacity			$ 21,600,000
London Interbank Offered Rate (LIBOR) [Member] | Cretic Energy Services, LLC | Revolving Credit Facility | Minimum | Revolving Loan Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%
London Interbank Offered Rate (LIBOR) [Member] | Cretic Energy Services, LLC | Revolving Credit Facility | Maximum | Revolving Loan Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%
Base Rate [Member] | Cretic Energy Services, LLC | Revolving Credit Facility | Minimum | Revolving Loan Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Base Rate [Member] | Cretic Energy Services, LLC | Revolving Credit Facility | Maximum | Revolving Loan Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Gain Contingencies [Line Items]
Limit excess policy	$ 10,000,000
Threshold amount for additional premium payable percentage	1,000,000
Auto Liability and General Liability Insurances
Gain Contingencies [Line Items]
Self insurance basic coverage	250,000
Employee Group Medical Plan
Gain Contingencies [Line Items]
Self insurance basic coverage	150,000
Self insurance reserve	$ 4,700,000	$ 5,200,000
Minimum
Gain Contingencies [Line Items]
Percentage of claims paid over threshold	15.00%
Maximum
Gain Contingencies [Line Items]
Percentage of claims paid over threshold	17.00%
Customer concentration risk | Consolidated revenues | Largest customer
Concentration Risk [Line Items]
Concentration risk, percentage	10.20%
Customer concentration risk | Consolidated revenues | Five largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	34.80%
Customer concentration risk | Consolidated revenues | Ten largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	48.20%
Customer concentration risk | Accounts receivable | Largest customer
Concentration Risk [Line Items]
Concentration risk, percentage	5.80%
Customer concentration risk | Accounts receivable | Five largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	29.90%
Customer concentration risk | Accounts receivable | Ten largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	37.40%

Leases (Details)

Leases (Details)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Remaining term of operating lease	10 years
Remaining term of finance lease	3 years
Finance lease, period before option to terminate	1 year

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Finance lease cost:
Amortization of right-of-use assets	$ 1,214
Interest on lease liabilities	139
Operating lease cost	336
Short-term lease cost	374
Total lease cost	2,063
Variable lease cost	$ 45

Leases - Components of Balance

Leases - Components of Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Operating leases:
Operating lease right-of-use assets (non-current)	$ 5,969	$ 0
Current portion of operating lease liabilities	755	0
Long-term operating lease liabilities, net of current portion	5,214	$ 0
Finance leases
Property and equipment, net	16,917
Current portion of long-term debt	4,390
Long-term debt, net of current portion and debt discount	$ 9,182

Leases - Other Supplemental Inf

Leases - Other Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 710
Operating cash flows for finance leases - interest	139
Financing cash flows for finance leases	1,168	$ 511
Noncash activities from right-of-use assets obtained in exchange for lease obligations:
Operating leases	6,150
Finance leases	$ 1,436
Weighted-average remaining lease term:
Operating leases	8 years 11 months
Finance leases	2 years 6 months
Weighted-average discount rate for operating leases (percent)	7.40%
Weighted-average discount rate for finance leases (percent)	4.70%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2019	$ 1,558
2020	1,042
2021	1,036
2022	872
2023	747
Thereafter	3,554
Total minimum lease payments	8,809
Less imputed interest	(2,219)
Less short-term leases excluded from the balance sheet	(735)
Total lease liabilities per balance sheet	5,855
Finance Lease Liabilities, Payments, Due [Abstract]
2019	4,897
2020	4,989
2021	3,684
2022	1,053
2023	0
Thereafter	0
Total minimum lease payments	14,623
Less imputed interest	(1,051)
Total lease liabilities per balance sheet	13,572
Related Party [Member]
Operating Lease Liabilities, Payments Due [Abstract]
2019	78
2020	46
2021	0
2022	0
2023	0
Thereafter	0
Total minimum lease payments	124
Less imputed interest	(10)
Total lease liabilities per balance sheet	$ 114

Leases - Maturity of Leases und

Leases - Maturity of Leases under ASC 840 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Capital Leases
2019	$ 4,559
2020	4,334
2021	3,375
2022	1,051
2023	0
Thereafter	0
Total	13,319
Related Party [Member]
Operating Leased Assets [Line Items]
2019	30
2020	30
2021	8
2022	0
2023	0
Thereafter	0
Total	68
Other Party [Member]
Operating Leased Assets [Line Items]
2019	2,027
2020	986
2021	946
2022	781
2023	386
Thereafter	1,350
Total	$ 6,476

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Compensation Cost for Share-based Payment Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share based compensation expense recognized	$ 253	$ 251
Unrecognized compensation cost	$ 2,715
Remaining weighted-average service period (years)	3 years 3 months 1 day

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Dec. 31, 2017
Number of Shares
Unvested beginning balance (in shares)	329,240
Granted (in shares)	0	0
Vested (in shares)	(7,200)
Forfeited (in shares)	0
Unvested ending balance (in shares)	322,040
Weighted Average Fair Value
Unvested beginning balance (in dollars per share)	$ 9.68
Granted (in dollars per share)	0
Vested (in dollars per share)	11
Forfeited (in dollars per share)	0
Unvested ending balance (in dollars per share)	$ 9.99

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Related party expenses, primarily related to leases and rents	$ 300,000	$ 300,000
Related party revenue	0	$ 0
Related party payables	0		$ 0
Related party accounts receivable	$ 0		$ 0
Ascribe
Related Party Transaction [Line Items]
Percent of common stock outstanding	23.60%
Ascribe | Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Related Party Transaction [Line Items]
Debt due to related party	$ 17,800,000
Solace
Related Party Transaction [Line Items]
Percent of common stock outstanding	17.40%
Solace | Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Related Party Transaction [Line Items]
Debt due to related party	$ 16,200,000
Medium-term Notes | Ascribe | Rights Offering Notes
Related Party Transaction [Line Items]
Debt due to related party	27,500,000
Medium-term Notes | Solace | Rights Offering Notes
Related Party Transaction [Line Items]
Debt due to related party	$ 20,300,000

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic and diluted:
Net income (loss)	$ (11,634)	$ (8,547)
Weighted-average common shares (in shares)	5,442	5,336
Basic and diluted net loss per share (in USD per share)	$ (2.14)	$ (1.60)
Retained Earnings [Member]
Basic and diluted:
Net income (loss)	$ (11,634)	$ (8,547)

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restricted Stock
Class of Stock [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	322,040	363,300
Conversion of PIK Notes
Class of Stock [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	18,700,000

Business Segment Information (D

Business Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	$ 58,388	$ 35,592
Operating loss	(4,015)	(6,165)
Depreciation and amortization	9,439	7,163
Total assets	250,555		$ 256,385
Reconciliation of the Company's Operating Loss As Reported:
Operating loss	(4,015)	(6,165)
General and administrative expense	6,825	4,888
Depreciation and amortization	9,439	7,163
Other expense, net	(7,683)	(2,365)
Pre-tax loss	(11,698)	(8,530)
Reconciliation of the Company's Assets As Reported:
Assets	250,555		$ 256,385
Operating Segments
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	58,388	35,592
Direct operating costs	46,139	29,706
Operating loss	12,249	5,886
Total assets	240,720	159,944
Long-lived assets	181,487	126,973
Reconciliation of the Company's Operating Loss As Reported:
Operating loss	12,249	5,886
Reconciliation of the Company's Assets As Reported:
Assets	240,720	159,944
Elimination of internal transactions
Segment Reporting Information, Operating Income (Loss) [Abstract]
Capital expenditures	5,081	5,360
Parent
Segment Reporting Information, Operating Income (Loss) [Abstract]
Total assets	9,835
Reconciliation of the Company's Assets As Reported:
Assets	9,835
Well Servicing
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	24,750	17,655
Depreciation and amortization	2,642	2,435
Reconciliation of the Company's Operating Loss As Reported:
Depreciation and amortization	2,642	2,435
Well Servicing | Operating Segments
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	24,750	17,655
Direct operating costs	17,549	14,850
Operating loss	7,201	2,805
Total assets	76,344	72,469
Long-lived assets	54,790	67,082
Reconciliation of the Company's Operating Loss As Reported:
Operating loss	7,201	2,805
Reconciliation of the Company's Assets As Reported:
Assets	76,344	72,469
Well Servicing | Elimination of internal transactions
Segment Reporting Information, Operating Income (Loss) [Abstract]
Capital expenditures	2,443	1,163
Coiled Tubing
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	20,010	5,202
Depreciation and amortization	3,538	1,297
Reconciliation of the Company's Operating Loss As Reported:
Depreciation and amortization	3,538	1,297
Coiled Tubing | Operating Segments
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	20,010	5,202
Direct operating costs	17,938	4,167
Operating loss	2,072	1,035
Total assets	109,995	18,953
Long-lived assets	84,284	16,533
Reconciliation of the Company's Operating Loss As Reported:
Operating loss	2,072	1,035
Reconciliation of the Company's Assets As Reported:
Assets	109,995	18,953
Coiled Tubing | Elimination of internal transactions
Segment Reporting Information, Operating Income (Loss) [Abstract]
Capital expenditures	2,298	3,242
Fluid Logistics
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	13,628	12,735
Depreciation and amortization	3,259	3,431
Reconciliation of the Company's Operating Loss As Reported:
Depreciation and amortization	3,259	3,431
Fluid Logistics | Operating Segments
Segment Reporting Information, Operating Income (Loss) [Abstract]
Operating revenues	13,628	12,735
Direct operating costs	10,652	10,689
Operating loss	2,976	2,046
Total assets	54,381	68,522
Long-lived assets	42,413	43,358
Reconciliation of the Company's Operating Loss As Reported:
Operating loss	2,976	2,046
Reconciliation of the Company's Assets As Reported:
Assets	54,381	68,522
Fluid Logistics | Elimination of internal transactions
Segment Reporting Information, Operating Income (Loss) [Abstract]
Capital expenditures	$ 340	$ 955

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 58,388	$ 35,592
South Texas
Disaggregation of Revenue [Line Items]
Revenue	28,587	23,284
East Texas
Disaggregation of Revenue [Line Items]
Revenue	1,689	1,230
Central Texas
Disaggregation of Revenue [Line Items]
Revenue	3,096	3,004
West Texas
Disaggregation of Revenue [Line Items]
Revenue	25,016	8,074
Well Servicing
Disaggregation of Revenue [Line Items]
Revenue	24,750	17,655
Well Servicing | South Texas
Disaggregation of Revenue [Line Items]
Revenue	18,177	12,812
Well Servicing | East Texas
Disaggregation of Revenue [Line Items]
Revenue	854	653
Well Servicing | Central Texas
Disaggregation of Revenue [Line Items]
Revenue	0	0
Well Servicing | West Texas
Disaggregation of Revenue [Line Items]
Revenue	5,719	4,190
Coiled Tubing
Disaggregation of Revenue [Line Items]
Revenue	20,010	5,202
Coiled Tubing | South Texas
Disaggregation of Revenue [Line Items]
Revenue	4,238	3,843
Coiled Tubing | East Texas
Disaggregation of Revenue [Line Items]
Revenue	0	0
Coiled Tubing | Central Texas
Disaggregation of Revenue [Line Items]
Revenue	0	0
Coiled Tubing | West Texas
Disaggregation of Revenue [Line Items]
Revenue	15,772	1,359
Fluid Logistics
Disaggregation of Revenue [Line Items]
Revenue	13,628	12,735
Fluid Logistics | South Texas
Disaggregation of Revenue [Line Items]
Revenue	6,172	6,629
Fluid Logistics | East Texas
Disaggregation of Revenue [Line Items]
Revenue	835	577
Fluid Logistics | Central Texas
Disaggregation of Revenue [Line Items]
Revenue	3,096	3,004
Fluid Logistics | West Texas
Disaggregation of Revenue [Line Items]
Revenue	$ 3,525	$ 2,525

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash paid for
Interest	$ 1,013	$ 921
Income tax	0	0
Supplemental schedule of non-cash investing and financing activities
Change in accounts payable related to capital expenditures	49	2,414
Exchange of Bridge Loan for PIK Notes	47,346	0
Change in accounts payable related to capital expenditures	$ 1,436	$ 583