Forbes Energy Services (FLSS) 10-Q 30 Jun 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Jun. 26, 2020
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, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,171,152

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 8,120	$ 5,224
Cash - restricted	73	73
Accounts receivable - trade, net	19,450	24,789
Accounts receivable - other	490	2,302
Prepaid expenses and other current assets	9,936	12,903
Total current assets	38,069	45,291
Property and equipment, net	81,101	125,409
Operating lease right-of-use assets	5,496	6,235
Intangible assets, net	8,044	12,339
Other assets	760	991
Total assets	133,470	190,265
Current liabilities
Accounts payable - trade	10,498	9,366
Accrued interest payable	2,383	3,034
Accrued expenses	12,766	12,734
Current portion of operating lease liabilities	790	1,476
Current portion of long-term debt	73,745	72,059
Total current liabilities	100,182	98,669
Long-term operating lease liabilities, net of current portion	4,706	4,759
Long-term debt, net of current portion and debt discount	64,110	62,636
Deferred tax liability	102	245
Total liabilities	169,100	166,309
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity
Common stock, $0.01 par value, 40,000 shares authorized, 5,523 shares issued and outstanding at March 31, 2020 and December 31, 2019	55	55
Additional paid-in capital	151,122	150,892
Accumulated deficit	(186,807)	(126,991)
Total stockholders’ (deficit) equity	(35,630)	23,956
Total liabilities and stockholders’ (deficit) equity	$ 133,470	$ 190,265

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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)	5,523,000	5,523,000
Common stock, shares outstanding (in shares)	5,523,000	5,523,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 30,463	$ 58,388
Expenses
General and administrative	5,911	6,825
Impairment of property and equipment	40,030	0
Impairment of intangible assets	3,887	0
Depreciation and amortization	6,119	9,439
Total expenses	84,633	62,403
Operating loss	(54,170)	(4,015)
Other income (expense)
Interest income	5	3
Interest expense	(5,753)	(7,686)
Pre-tax loss	(59,918)	(11,698)
Income tax expense	(102)	(64)
Net loss	$ (59,816)	$ (11,634)
Loss per share of common stock
Basic and diluted (in USD per share)	$ (10.83)	$ (2.14)
Weighted average number of shares of common stock outstanding:
Basic and diluted (in shares)	5,523	5,442
Well servicing
Revenues	$ 15,089	$ 24,750
Expenses
Direct operating costs	13,354	17,549
Depreciation and amortization	1,914	2,642
Coiled tubing
Revenues	8,222	20,010
Expenses
Direct operating costs	8,303	17,938
Depreciation and amortization	2,528	3,538
Fluid logistics
Revenues	7,152	13,628
Expenses
Direct operating costs	7,029	10,652
Depreciation and amortization	$ 1,677	$ 3,259

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (59,816)	$ (11,634)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	6,119	9,439
Share-based compensation	230	253
Deferred tax benefit	(143)	(48)
Gain on disposal of assets	(297)	(1,117)
Bad debt expense	70	120
Amortization of debt discount/deferred financing costs/premium conversion	2,489	2,154
Impairment of property and equipment	40,030	0
Impairment of intangible assets	3,887	0
Interest paid-in-kind	2,987	3,172
Changes in operating assets and liabilities:
Accounts receivable	7,081	(2,999)
Prepaid expenses and other assets	1,473	(597)
Accounts payable - trade	1,132	(1,252)
Accrued expenses	22	(1,588)
Accrued interest payable	(651)	(244)
Net cash provided by (used in) operating activities	4,613	(4,341)
Cash flows from investing activities:
Purchases of property and equipment	(801)	(3,645)
Proceeds from sale of property and equipment	330	3,272
Net cash used in investing activities	(471)	(373)
Cash flows from financing activities:
Payments for finance leases	(1,246)	(1,168)
Proceeds from PIK Notes	0	4,422
Payments for Bridge Loan	0	(4,422)
Net cash used in financing activities	(1,246)	(1,168)
Net increase (decrease) in cash, cash equivalents and cash - restricted	2,896	(5,882)
Cash, cash equivalents and cash - restricted:
Beginning of period	5,297	8,156
End of period	$ 8,193	$ 2,274

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders (Deficit) Equity (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
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)
Beginning balance (in shares) at Dec. 31, 2019		5,523
Beginning balance at Dec. 31, 2019	23,956	$ 55	150,892	(126,991)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	230		230
Net loss	(59,816)			(59,816)
Ending balance (in shares) at Mar. 31, 2020		5,523
Ending balance at Mar. 31, 2020	$ (35,630)	$ 55	$ 151,122	$ (186,807)

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2020
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 a wide range of 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 well maintenance, completion services, workovers and recompletions, plugging and abandonment, tubing testing, fluid hauling and fluid disposal. 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 offers a broad range of services, which extends from initial drilling, through production, to eventual abandonment of oil and natural gas 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 the Company's ability to (1) maintain adequate equipment utilization, (2) maintain adequate pricing for the services the Company 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 generally impacting the oil and natural gas industry, the Company's operations are also susceptible to market volatility resulting from economic, seasonal and cyclical, weather related, 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, or industry perception about future oil and natural gas prices that may materially decrease the demand for the Company's services, adversely affecting its financial position, results of operations and cash flows. Economic Developments The Company is monitoring the recent reductions in commodity prices driven by the impact of the COVID-19 virus, along with global supply and demand dynamics and the recent oil price war initiated by Russia and Saudi Arabia. The extent to which these events will impact the Company’s business will depend on future developments, which are highly uncertain and cannot be predicted at this time. The Company has sustained significant negative impacts to operations and its asset values, related to the economic developments, as described in Note 4. The duration and intensity of these impacts and resulting continued disruption to the Company’s operations is uncertain, however will likely continue to have a material adverse impact on its financial condition, liquidity, operations, suppliers, industry, and workforce. The Company made certain efforts to minimize the material adverse impact the economic developments had, and continues to have on the Company, during the three months ended March 31, 2020 and subsequent periods (see Note 17 - Subsequent Events) including the following: • Reductions in the base salary for the Company’s Executive Officers as well as deferment of director compensation • Significant reductions in the Company’s workforce, which created certain severance liabilities totaling $0.1 million . • Closure of certain operating facilities and yards • Deferment of employer portion of social security payments • Requested and received funding from the Paycheck Protection Program

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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, 2019 . 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. 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 value of the Term Loan Agreement as of the respective dates are set forth below (in thousands): March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Agreement $ 59,602 $ 57,926 $ 57,506 $ 56,895 The Company has nonfinancial assets measured at fair value on a non-recurring basis which include property and equipment, intangible assets and right to use assets for which fair value is calculated when declines in their respective fair values are determined to have occurred. These fair value calculations incorporate a market and a cost approach and the inputs include projected revenue, costs, equipment utilization and other assumptions. Given the unobservable inputs, those fair value measurements are classified as Level 3. As discussed in Note 4 , the Company recorded impairment write down for its property and equipment and intangible assets of $40.0 million and $3.9 million , respectively, during the three months ended March 31, 2020 . Cash, Cash Equivalents and Cash - Restricted The following table provides a reconciliation of cash, cash equivalents and cash - restricted reported within the condensed consolidated balance sheets to the same such amounts shown in the condensed consolidated statements of cash flows (in thousands). March 31, 2020 2019 Cash and cash equivalents $ 8,120 $ 2,201 Cash - restricted 73 73 Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows $ 8,193 $ 2,274 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, coiled tubing 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 Accounting Standards Codification ("ASC") 606 included the determination of when the Company satisfies its performance obligation to customers and the applicability of the as invoiced practical expedient.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern The Company is required to evaluate whether there is a substantial doubt about its ability to continue as a going concern each reporting period. In evaluating the Company’s ability to continue as a going concern, management has considered conditions and events that could raise substantial doubt about the Company’s ability to continue as a going concern for one year following the date the Company’s financial statements are issued. These conditions and evaluations included the Company’s current financial condition and liquidity sources, including current cash and cash equivalents balances, forecasted cash flows, the Company’s obligations due within twelve months of the date these financial statements were issued, including the Company’s obligations described in Note 7 - Long-Term Debt, and the other conditions and events described below. The Company has incurred substantial net losses and losses from operations for the quarter ended March 31, 2020 and for the year ended December 31, 2019. As of March 31, 2020, the Company had cash and cash equivalents of approximately $8.1 million . The Company has a working capital facility under the Revolving Loan Agreement (as described below) that is based on the Company’s accounts receivable; however, as of March 31, 2020, the Company did not have funds available to borrow under the Revolving Loan Agreement. Loans under the Revolving Loan Agreement mature in January 2021 and loans under the Term Loan Agreement mature in April 2021, in each case within the 12-month going concern evaluation period. In March 2020, a limited waiver was obtained under the Revolving Loan Agreement, providing relief extending through June 30, 2020, from the requirement to provide an unqualified opinion on the Company’s consolidated financial statements for the fiscal year ended December 31, 2019. There can be no assurance that the Company will be able to negotiate an extension of the Revolving Loan, obtain future waivers, or have sufficient funds to repay its obligations under the Revolving Loan Agreement when they come due. As of March 31, 2020, the Company had $4.0 million of loans outstanding under the Revolving Loan Agreement, which is recorded as a current liability. In addition, the PIK Notes became mandatorily convertible into common stock upon maturity on June 30, 2020, provided, however, each of Ascribe Capital LLC and Solace Capital Partners LP, on behalf of each of their funds that is a holder of PIK Notes issued under the Indenture which in the aggregate hold $48.9 million of face value of the PIK Notes, agreed to extend the maturity date under the Indenture to November 30, 2020 of the Excess PIK Notes (as defined below). The Company does not currently have sufficient authorized common shares to fully convert, nor the liquidity to repay, the $61.8 million accrued amount of PIK Notes upon their maturity, requiring shareholder approval to authorize additional shares, which has not occurred as of the date of these financial statements. There is also uncertainty as to whether the Company will have sufficient liquidity to repay the loans under the Term Loan Agreement totaling $59.6 million when they mature on April 13, 2021. In addition, the Company may not have access to other sources of external capital on reasonable terms, or at all. The Company also expects to continue to experience volatility in market demand, which creates normal oil and gas price fluctuations, as well as external market pressures due to effects of global health concerns, such as COVID-19, and the oil price war triggered by Russia and Saudi Arabia that are not within our control. Management’s plans to alleviate this substantial doubt include: (i) continuing to discuss amendments with the Company’s lenders to seek to extend the term of the Revolving Loan Agreement and the Term Loan Agreement; (ii) negotiate with the holders of the mandatorily convertible PIK Notes as to the terms of the conversion and/or complete a shareholder vote to authorize more common shares available for issuance; (iii) continuing to manage operating costs by actively pursuing cost cutting measures to maximize liquidity in line with current industry economic expectations; and/or (iv) pursuing additional financings with existing and new lenders. Based on the uncertainty of achieving these goals and the significance of the factors described, there is substantial doubt as to the Company’s ability to continue as a going concern for a period of one year after the date these financial statements are issued.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The oil and gas industry experienced a significant disruption during the first quarter of 2020 as a result of the oil price war initiated by Saudi Arabia and Russia in February 2020 and the substantial decline in global demand for oil caused by the COVID-19 pandemic. These events resulted in a steep decline in prices, with physical markets showing signs of distress as spot prices were also negatively impacted by the lack of available storage capacity. Demand for our services declined in the face of depressed crude oil pricing. These market conditions have significantly impacted the Company's business and outlook with material adverse impacts to operations anticipated to continue in the near-term. Customers continue to revise their capital budgets in order to adjust spending levels in response to the lower commodity prices, and the Company has experienced, and continues to experience, significant customer activity reductions and pricing pressure for products and services. The Company has determined these recent events constituted a triggering event that required a review of the recoverability of long-lived assets and performed an interim impairment assessment of property and equipment and intangibles as of March 31, 2020. The fair value of long-lived assets was determined based on a discounted cash flow analysis. These analyses included significant judgment, including management’s short-term and long-term forecast of operating performance, discount rates based on weighted average cost of capital, revenue growth rates, profitability margins, capital expenditures, the timing of future cash flows based on an eventual recovery of the oil and gas industry, and in the case of long-lived assets, the remaining useful life and service potential of the assets. These impairment assessments incorporate inherent uncertainties, including projected commodity pricing, supply and demand for services and future market conditions, which are difficult to predict in volatile economic environments and could result in impairment charges in future periods if actual results materially differ from the estimated assumptions utilized in forecasts. Based upon the Company's impairment assessments, it was determined the carrying amount of certain of the Company's long-lived assets exceeded their respective fair values. Therefore, the Company recorded impairments to property and equipment and intangible assets totaled $43.9 million during the three months ended March 31, 2020 . The Company will continue to evaluate its long-lived assets in future quarters and could be required to record additional impairments in future reporting periods in the event market conditions continue to deteriorate. The following table presents the components of the impairment write down, which are reflected on the consolidated statement of operations (in thousands): Three Months Ended March 31, 2020 2019 Impairment of property and equipment $ 40,030 $ — Impairment of intangible assets 3,887 — $ 43,917 $ —

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2020
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, 2020 December 31, 2019 Well servicing equipment 9-15 years $ 103,065 $ 132,562 Autos and trucks 5-10 years 14,586 20,627 Autos and trucks - finance lease 5-10 years 20,387 22,136 Disposal wells 5-15 years 3,065 3,835 Building and improvements 5-30 years 4,620 6,216 Furniture and fixtures 3-15 years 3,066 3,154 Land 480 647 (2) 149,269 189,177 Accumulated depreciation (1) (68,168 ) (63,768 ) $ 81,101 $ 125,409 (1) Includes accumulated depreciation of finance lease assets of $8.4 million and $7.7 million at March 31, 2020 and December 31, 2019 , respectively. (2) Includes impairment adjustment related to property and equipment of $40.0 million at March 31, 2020 (see Note 4). Depreciation expense was $5.7 million and $9.0 million for the three months ended March 31, 2020 and 2019 , respectively. Depreciation of assets held under finance leases was $1.1 million and $1.2 million for the three months ended March 31, 2020 and 2019 , respectively, and is included in depreciation and amortization expense in the accompanying condensed consolidated statements of operations. Gains that resulted from the sale of property and equipment was $0.3 million and $1.1 million for the three months ended March 31, 2020 and 2019 , respectively, which are included as direct operating costs. Impairment expense related to property and equipment totaled $40.0 million for the three months ended March 31, 2020 .

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The following table sets forth the identified other intangible assets by major asset class (in thousands): Useful Life (years) Gross Carrying Value Impairment Expense Accumulated Amortization Net Book Value March 31, 2020 Customer relationships 6-15 $ 11,378 $ (3,159 ) $ (2,330 ) $ 5,889 Trade names 10-15 3,072 (580 ) (577 ) 1,915 Covenants not to compete 4 1,505 (148 ) (1,117 ) 240 $ 15,955 $ (3,887 ) $ (4,024 ) $ 8,044 December 31, 2019 Customer relationships 6-15 $ 11,378 $ — $ (2,079 ) $ 9,299 Trade names 10-15 3,072 — (515 ) 2,557 Covenants not to compete 4 1,505 — (1,022 ) 483 $ 15,955 $ — $ (3,616 ) $ 12,339 Impairment expense related to intangible assets totaled $(3.9) million for the three months ended March 31, 2020 . Amortization expense was $0.4 million and $0.4 million for the three months ended March 31, 2020 and 2019 , respectively. Future amortization of these intangible assets for the remaining periods through December 31 will be as follows: 2020 $ 768 2021 860 2022 793 2023 793 2024 784 Thereafter 4,046 $ 8,044

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following (in thousands): March 31, 2020 December 31, 2019 Term Loan Agreement of $47.4 million, plus $14.1 million and $12.4 million of accrued interest paid-in-kind and net of debt discount of $1.9 million and $2.3 million as of March 31, 2020 and December 31, 2019, respectively $ 59,602 $ 57,506 PIK Notes of $51.8 million, plus $2.2 million and $0.9 million of accrued interest paid-in-kind, and including $7.8 million and $6.0 million accretion of interest and conversion premium as of March 31, 2020 and December 31, 2019, respectively 61,802 58,646 Revolving Loan Agreement 4,000 4,000 Finance leases 9,622 10,045 Insurance notes 2,829 4,498 Total debt 137,855 134,695 Less: Current portion (73,745 ) (72,059 ) Total long-term debt $ 64,110 $ 62,636 Term Loan Agreement On April 13, 2017, FES LLC, as borrower, and the Company and certain of its subsidiaries, as guarantors, entered into the Loan and Security Agreement (the "Term Loan Agreement") with the lenders party thereto and Wilmington Trust, National Association, as agent (the “Term Loan Agent”). The Term Loan Agreement, as amended, provided 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, 2020 , $1.7 million of interest was paid-in-kind. At March 31, 2020 , the paid-in-kind interest rate was 11% . The Company is permitted under the Term Loan Agreement to voluntarily repay the outstanding term loans at any time without premium or penalty. The Company is required to use the net proceeds from certain events, including but not limited to, the disposition of assets, certain judgments, indemnity payments, tax refunds, pension plan refunds, insurance awards and certain incurrences of indebtedness to repay outstanding loans under the Term Loan Agreement. The Company may also be required to use cash in excess of $20.0 million to repay outstanding loans under the Term Loan Agreement. 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. Revolving Loan Agreement 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, as amended, provides for $9.0 million of letter of credit commitments, subject to a borrowing base comprised of 85% of eligible accounts receivable, 90% of eligible investment grade accounts receivable (in each case, less allowance for doubtful accounts) and 100% of eligible cash, less reserves. The letter of credit commitments under the Revolving Loan Agreement expire in December 2020, and letter of credit issued under the Revolving Loan Agreement, accrue fees at 4.25% per annum. 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, 2020 , the Company had $4.0 million of borrowings outstanding, and $6.9 million in letters of credit outstanding. At June 30, 2020, the Company had no revolving loans outstanding or available borrowings and $6.9 million in letters of credit outstanding, with $2.1 million in available commitments. Amendments and Waivers to Revolving Loan Agreement and Term Loan Agreement On February 3, 2020 the Company and certain of its subsidiaries, as borrowers, entered into the Second Amendment to Credit Agreement, effective December 31, 2019, (the “February 2020 Revolving Loan Amendment”), with the lenders party thereto and the Revolver Agent. Among other things, the February 2020 Revolving Loan Amendment reinstated a minimum excess line availability covenant for the monthly periods from December 2019 through July 2020 and removed the requirement to test for the purpose of a financial covenant, the fixed charge coverage ratio for the monthly periods from December 2019 through June 2020. On March 20, 2020, the Company and certain of its subsidiaries, as borrowers, entered into the Third Amendment and Temporary Limited Waiver to Credit Agreement (the “March 2020 Revolving Loan Amendment”) with the lenders party thereto and the Revolver Agent. Pursuant to the March 2020 Revolving Loan Amendment, the requirement for the Company to deliver an unqualified audit opinion for the fiscal year ended December 31, 2019 was waived until June 30, 2020 (the “Revolving Loan Agreement Temporary Waiver”). In addition, the commitments under the Revolving Loan Agreement were reduced from $35.0 million to $27.5 million , and interest under the Revolving Loan Agreement was increased from a range of LIBOR plus 2.50% to 3.25% or base rate plus 1.50% to 2.25% based on the fixed charge coverage ratio from time to time, to LIBOR plus 4.25% or base rate plus 3.25% . On March 20, 2020, the Company, as a guarantor, FES LLC, as borrower, and certain of their subsidiaries, as guarantors, obtained a corresponding waiver under the Term Loan Agreement for the requirement to deliver an unqualified audit opinion for the fiscal year ended December 31, 2019. On March 23, 2020, the Company, as a guarantor, FES LLC, as borrower, and certain of their subsidiaries, as guarantors, entered into Amendment No. 3 to Loan and Security Agreement (the “March 2020 Term Loan Amendment”) with the lenders party thereto and the Term Loan Agent. Pursuant to the March 2020 Term Loan Amendment, there will be no cross-default to the Revolving Loan Agreement resulting from the expiration of the Revolving Loan Agreement Temporary Waiver. On May 15, 2020, the Company entered into further amendments to the Revolving Loan Agreement and the Term Loan Agreement, as described below in Note 17 - Subsequent Events. On June 26, 2020, the Company entered into further amendments to the Revolving Loan Agreement, as described below in Note 17 - Subsequent Events. On June 29, 2020, the Company entered into further amendments to the Term Loan Agreement, as described in Note 17 - Subsequent Events. 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 accrued and payable, or capitalized to principal if not permitted to be paid in cash, semi-annually in arrears on June 30 and December 31 of each year, commencing on June 30, 2019. The Company capitalized PIK Note interest totaling $0.1 million on July 1, 2019 and $1.3 million on January 1, 2020, which corresponds to the date the interest was determined to be paid. 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, including debt incurred under the Term Loan Agreement and the Revolving Loan Agreement. 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, including debt incurred under the Term Loan Agreement and the Revolving Loan Agreement. 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 15% discount represents an implied conversion premium at issuance which will be settled in common stock at the date of conversion. As such, the face value of the PIK Notes will be accreted to the settlement amount at June 30, 2020. For the three months ended March 31, 2020 and 2019, the Company recorded $1.8 million and $0.6 million , respectively, in interest expense related to the accretion of the conversion premium. 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. The Indenture also provides 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 such 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. Effective November 14, 2019, each of Ascribe Capital LLC and Solace Capital Partners LP, on behalf of each of their funds that is a holder of PIK Notes issued under the Indenture which in the aggregate hold $48.9 million of face value of the PIK Notes, agreed to extend the maturity date under the Indenture to November 30, 2020 of those PIK Notes (the "Excess PIK Notes"), for which there are not at June 30, 2020 sufficient authorized shares of common stock of the Company to effect the mandatory conversion of the Excess PIK Notes, after giving effect to the conversion of PIK Notes held by other holders of PIK Notes who have not agreed to a maturity date extension or conversion deferral. Each also agreed to defer the mandatory conversion feature under the Indenture for such Excess PIK Notes until after the Company’s stockholders have authorized sufficient additional shares of the Company’s common stock to permit such conversion. On June 29, 2020, the Company notified the PIK Note holders of a possible default due to property tax penalties that have been accrued and are outstanding, as further described in Note 17 - Subsequent Events. Insurance Notes During 2019 and 2018, 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 $2.8 million and $4.5 million as of March 31, 2020 and December 31, 2019 , respectively. The amount outstanding could be substantially offset by the cancellation of the related insurance coverage which is classified in prepaid insurance. These notes are or were payable in nine monthly installments with maturity dates of August 15, 2020 and July 15, 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
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, 2020 , the Company's largest customer, five largest customers, and ten largest customers constituted 13.4% , 37.9% and 52.2% 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, 2020 , the Company's largest customer, five largest customers, and ten largest customers constituted 6.2% , 27.9% and 39.8% of accounts receivable, respectively. The Company’s largest five customers includes Chesapeake Energy who on June 28, 2020 filed for Chapter 11 Bankruptcy. The Company’s payments received from Chesapeake Energy are subject to analysis for preference as is customary in bankruptcy proceedings. As of the date of this filing there has been no indication of outcome from this analysis or communication from the bankruptcy proceedings, as such the outcome of Chesapeake Energy’s Bankruptcy and its effects on the Company is uncertain. 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, the Company 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. As of March 31, 2020 , the Company has a per occurrence $2.0 million deductible for general liability. The Company has an additional premium payable clause under its lead of $10.0 million limit excess policy that states in the event losses exceed $2.0 million , an additional loss premium of 15% will be payable for losses in excess of $2.0 million . The additional loss premium is payable at the time when the insurers pay for the loss and will be payable over a period agreed by the insurers. The Company has accrued liabilities totaling $5.8 million and $7.0 million as of March 31, 2020 and December 31, 2019 , 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

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases The following tables illustrate the financial impact of the Company's leases, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended March 31, 2020 2019 Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,068 $ 1,214 Interest on lease liabilities 90 139 Operating lease cost: Lease expense (1) 374 336 Short-term lease cost 558 374 Total lease cost $ 2,090 $ 2,063 (1) Includes variable lease costs of $ 65 thousand and $45 thousand for the three months ended March 31, 2020 and 2019 , respectively. March 31, 2020 December 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,496 $ 6,235 Current portion of operating lease liabilities $ 790 $ 1,476 Long-term operating lease liabilities, net of current portion $ 4,706 $ 4,759 Finance leases: Property and equipment, net $ 14,390 $ 14,467 Current portion of long-term debt $ 5,115 $ 4,915 Long-term debt, net of current portion $ 4,507 $ 5,130 Three Months Ended March 31, 2020 2019 Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 374 $ 710 Operating cash flows for finance leases - interest $ 90 $ 139 Financing cash flows for finance leases $ 1,246 $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 6,150 Finance leases $ 823 $ 1,436 March 31, 2020 Weighted-average remaining lease term: Operating leases 7.8 years Finance leases 3.6 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 5.3 % The following table summarizes the maturity of the Company's debt, operating and finance leases as of March 31, 2020 (in thousands): Debt Operating Leases - Related Party Operating Leases - Other Finance Leases 2020 $ 60,831 $ 23 $ 858 $ 4,088 2021 61,547 — 1,142 4,094 2022 — — 973 1,503 2023 — — 838 380 2024 — — 700 50 Thereafter — — 2,782 — Total minimum lease payments 122,378 23 7,293 10,115 Less imputed interest — (1 ) (1,819 ) (493 ) Less debt discount (1,945 ) — — — Debt premium 7,800 — — — Total debt and lease liabilities per balance sheet $ 128,233 $ 22 $ 5,474 $ 9,622
Leases	Leases The following tables illustrate the financial impact of the Company's leases, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended March 31, 2020 2019 Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,068 $ 1,214 Interest on lease liabilities 90 139 Operating lease cost: Lease expense (1) 374 336 Short-term lease cost 558 374 Total lease cost $ 2,090 $ 2,063 (1) Includes variable lease costs of $ 65 thousand and $45 thousand for the three months ended March 31, 2020 and 2019 , respectively. March 31, 2020 December 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,496 $ 6,235 Current portion of operating lease liabilities $ 790 $ 1,476 Long-term operating lease liabilities, net of current portion $ 4,706 $ 4,759 Finance leases: Property and equipment, net $ 14,390 $ 14,467 Current portion of long-term debt $ 5,115 $ 4,915 Long-term debt, net of current portion $ 4,507 $ 5,130 Three Months Ended March 31, 2020 2019 Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 374 $ 710 Operating cash flows for finance leases - interest $ 90 $ 139 Financing cash flows for finance leases $ 1,246 $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 6,150 Finance leases $ 823 $ 1,436 March 31, 2020 Weighted-average remaining lease term: Operating leases 7.8 years Finance leases 3.6 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 5.3 % The following table summarizes the maturity of the Company's debt, operating and finance leases as of March 31, 2020 (in thousands): Debt Operating Leases - Related Party Operating Leases - Other Finance Leases 2020 $ 60,831 $ 23 $ 858 $ 4,088 2021 61,547 — 1,142 4,094 2022 — — 973 1,503 2023 — — 838 380 2024 — — 700 50 Thereafter — — 2,782 — Total minimum lease payments 122,378 23 7,293 10,115 Less imputed interest — (1 ) (1,819 ) (493 ) Less debt discount (1,945 ) — — — Debt premium 7,800 — — — Total debt and lease liabilities per balance sheet $ 128,233 $ 22 $ 5,474 $ 9,622

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	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, 2020 March 31, 2019 Share based compensation expense recognized $ 230 $ 253 As of March 31, 2020 Unrecognized compensation cost (in thousands) $ 1,401 Remaining weighted-average service period (years) 2.9 During the three months ended March 31, 2020 , the Company granted 292,163 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, 2019 171,716 $ 11.00 Granted 292,163 $ 0.16 Vested — $ — Forfeited (8,021 ) $ 9.04 Unvested as of March 31, 2020 455,858 $ 4.09

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company incurred related party expenses, primarily related to lease rents, of $0.2 million and $0.3 million for the three months ended March 31, 2020 and 2019 , respectively. There was no related party revenue for the three months ended March 31, 2020 and 2019 . There were no related party accounts receivable or accounts payable as of March 31, 2020 or December 31, 2019 . 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, as of April 16, 2020 and remained consistent through the date these financial statements were issued, was owed approximately $16.8 million of the aggregate principal amount of the Term Loan Agreement and approximately $27.9 million of the aggregate principal amount of the PIK Notes. Solace and/or one of its affiliates, as of April 16, 2020 and remained consistent through the date these financial statements were issued, was owed approximately $15.3 million of the aggregate principal amount of the term loan covered by the Term Loan Agreement and approximately $20.8 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.

Loss per Share

Loss per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Loss per Share	Loss per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted-average common stock outstanding during the period. Diluted 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 loss per share 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, 2020 2019 Basic and diluted: Net loss $ (59,816 ) $ (11,634 ) Weighted-average common shares 5,523 5,442 Basic and diluted net loss per share $ (10.83 ) $ (2.14 ) There were 455,858 and 322,040 unvested restricted stock units that were not included in the calculation of diluted net loss per share for the three months ended March 31, 2020 and 2019 , respectively, because their effect would have been antidilutive.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2020
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, the Company evaluated its segment information and determined that coiled tubing represented a separate segment under current facts. Well Servicing The Company's well servicing segment utilizes a fleet of well servicing rigs, which was comprised of workover rigs, 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, 2020 Operating revenues $ 15,089 $ 8,222 $ 7,152 $ 30,463 Direct operating costs 13,354 8,303 7,029 28,686 Segment profits $ 1,735 $ (81 ) $ 123 $ 1,777 Depreciation and amortization $ 1,914 $ 2,528 $ 1,677 $ 6,119 Capital expenditures (1) $ 1,545 $ 126 $ 147 $ 1,818 Total assets (2) $ 53,242 $ 39,835 $ 30,868 $ 123,945 Long lived assets (2) $ 49,675 $ 29,513 $ 15,453 $ 94,641 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 (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. (2) Total assets and long-lived assets include impairment expenses on long-lived assets for the Company's Well Servicing, Coiled Tubing, and Fluid Logistics segments of $6.9 million, $27.4 million and $9.6 million, respectively. Three Months Ended March 31, 2020 2019 Reconciliation of Operating Loss As Reported: Segment profits $ 1,777 $ 12,249 Less: General and administrative expense 5,911 6,825 Impairment of property and equipment 40,030 — Impairment of intangible assets 3,887 — Depreciation and amortization 6,119 9,439 Operating loss (54,170 ) (4,015 ) Other income (expenses), net (5,748 ) (7,683 ) Pre-tax loss $ (59,918 ) $ (11,698 ) March 31, 2020 Reconciliation of Total Assets As Reported: Total reportable segments $ 123,945 Parent 9,525 Total assets $ 133,470

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following tables show revenue disaggregated by primary geographical markets and major service lines (in thousands): Three months ended March 31, 2020 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 9,438 $ 4,468 $ 3,600 $ 17,506 East Texas (1) 1,286 — 5 1,291 Central Texas — — 2,277 2,277 West Texas 4,365 3,754 1,270 9,389 Total $ 15,089 $ 8,222 $ 7,152 $ 30,463 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 (1) Includes revenues from the Company's operations in Pennsylvania.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended March 31, 2020 2019 Cash paid for Interest $ 1,030 $ 1,013 Income tax $ — $ — Supplemental schedule of non-cash investing and financing activities Change in accounts payable related to capital expenditures $ 147 $ 49 Exchange of Bridge Loan for PIK Notes $ — $ 47,346 Finance leases on equipment $ 823 $ 1,436

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
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. In May and April 2019, the FASB issued ASU No. 2019-05 and ASU No. 2019-04, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses" which further clarifies the ASU 2016-13. In November 2019, the FASB issued ASU No. 2019-10 “Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842)” which delayed, for smaller reporting companies, the mandatory effective date for interim and annual reporting periods beginning after December 15, 2022. 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 determined that the adoption of this standard as of January 1, 2020 did not have a material impact on its financial statements.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Superior Energy Services, Inc. Merger; Termination On December 23, 2019, the Company announced that it had entered into an Agreement and Plan of Merger dated as of December 18, 2019 (as amended, supplemented, and modified from time to time, the “Merger Agreement”) with Superior Energy Services, Inc., a Delaware corporation (“Superior”), New NAM, Inc., a Delaware corporation and a newly formed, wholly owned subsidiary of Superior which, prior to completion of the mergers, would hold Superior’s North American Business and its associated assets and liabilities (“NAM”), Arita Energy, Inc. (formerly known as Spieth Newco, Inc.), a Delaware corporation and a newly formed, wholly owned subsidiary of the Company (“Arita”), Spieth Merger Sub, Inc., a Delaware corporation and a newly formed, wholly owned subsidiary of Arita (“NAM Merger Sub”), and Fowler Merger Sub, Inc., a Delaware corporation and a newly formed, wholly owned subsidiary of Arita (“Forbes Merger Sub”), pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, it was intended that NAM Merger Sub would merge with and into NAM (the “NAM Merger”) and Forbes Merger Sub would merge with and into the Company (the “Forbes Merger,” and together with the NAM Merger, the “Mergers”), with each of NAM and the Company continuing as surviving entities and wholly owned subsidiaries of Arita. Effective immediately prior to the record date for the special meeting of the Company’s stockholders, Ascribe Capital LLC and its affiliates (collectively, “Ascribe”), and Solace Capital Partners, L.P. and its affiliates (collectively, “Solace”) agreed to exchange a portion of the PIK Notes, including all accrued interest thereon, then held by them in exchange for shares of the Company’s common stock (the “Forbes PIK Exchange”). Immediately prior to the effective time of the Mergers, the balance of the aggregate principal amount of PIK Notes then held by Ascribe and Solace would be contributed to Arita in exchange for shares of Arita Class A common stock (the “Forbes PIK Contribution”). Prior to the effective time of the Mergers, the Company was required to cause the aggregate principal amount of the PIK Notes outstanding at such time that is not held by Ascribe or Solace to convert into shares of the Company’s common stock in accordance with the Indenture governing the PIK Notes (the “Forbes PIK Conversion”). Immediately prior to the effective time of the Mergers, the Company would have been required to cause the aggregate principal amount outstanding under its Term Loan Agreement, together with accrued interest thereon, then held by Ascribe and Solace as of immediately prior to the closing of the Mergers to be exchanged for approximately $30 million in newly issued mandatory convertible preferred shares of Arita (the “Preferred Stock”). The Preferred Stock would be entitled to cash dividends at a rate of 5% per annum, payable semi-annually, and would be subject to mandatory conversion on the third anniversary of the closing of the Mergers into a number of shares of Arita Class A common stock equal to 20% of the outstanding shares of Arita common stock outstanding at the closing of the Mergers on a fully diluted basis. The Merger Agreement, and the transactions contemplated thereby, were approved by the Company’s Board of Directors, the special committee of the Company’s Board of Directors, and the Superior Board of Directors. In connection with the Merger Agreement, certain stockholders of the Company, including Ascribe and Solace, entered into voting and support agreements. The Company stockholders that are party to the voting agreements committed to vote the shares of the Company’s common stock they beneficially own in favor of the adoption of the Merger Agreement and any other matters necessary for the consummation of the transaction contemplated by the Merger Agreement, including the Mergers. Following the Forbes PIK Exchange, as described below, Ascribe and Solace held the ability to approve the Merger Agreement and the Forbes Merger without the vote of any other stockholder. The Mergers were subject to the satisfaction or waiver of customary closing conditions, including approval of the Merger Agreement by the Company’s stockholders and satisfaction of certain financing conditions. As of the date of this filing, Superior and NAM have been unable to satisfy the financing condition set forth in the Merger Agreement, which is a condition precedent to the closing of the Mergers. On June 1, 2020, the Company received a written notice of termination of the Merger Agreement from Superior and NAM. As a result, the Merger Agreement has been terminated, effective as of June 1, 2020. Neither the Company, Superior nor NAM is obligated to pay a termination fee in connection with the termination of the Merger Agreement. Forbes PIK Exchange On April 16, 2020, the Company, Ascribe, and Solace consummated the Forbes PIK Exchange, pursuant to which Ascribe exchanged approximately $0.13 million aggregate principal amount of PIK Notes in exchange for 963,116 shares of the Company’s common stock, and Solace exchanged approximately $0.09 million aggregate principal amount of PIK Notes in exchange for 709,253 shares of the Company’s common stock. Coronavirus Aid, Relief, and Economic Security (CARES) Act On March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The CARES Act, among other things, includes the Paycheck Protection Program (“PPP”) as well as provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to net interest deduction limitations, increased limitations on qualified charitable contributions, and technical corrections to tax depreciation methods for qualified improved property. In May 2020, the Company began deferring the employer portion of social security payments and the Company received proceeds from an unsecured loan in the amount of approximately $10 million pursuant to the PPP as described below. The Company continues to examine any additional changes and interpretations related to the CARES Act. Currently, the Company is unable to determine the full impact that the CARES Act will have on its financial condition, results of operations, or liquidity. Entry into PPP Loan and Amendments to Revolving Loan Agreement and Term Loan Agreement On May 15, 2020, FES LLC obtained an unsecured $10 million loan (the “PPP Loan”) under the Paycheck Protection Program from Texas Champion Bank. The Paycheck Protection Program was established under the recently congressionally-approved CARES Act and is administered by the U.S. Small Business Administration. The application for these funds requires the Company to, in good faith, certify that the current economic uncertainty made the loan request necessary to support the ongoing operations of the Company. This certification further requires the Company to take into account the Company's current business activity and its ability to access other sources of liquidity sufficient to support ongoing operations in a manner that is not significantly detrimental to the business. In accordance with the requirements of the CARES Act, the Company intends to use the proceeds of the PPP Loan for payroll costs, rent or utility costs and other permitted uses. The PPP Loan has a two year maturity and accrues interest at a rate of 1% per annum. Payments under the PPP Loan are deferred for the first six months of its term. Under the terms of the CARES Act, loan recipients can apply for and be granted forgiveness for all or a portion of loans granted under the Paycheck Protection Program. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payroll costs and mortgage, rent and utility costs. No assurance is provided that the Company will qualify to apply for and obtain forgiveness of the PPP Loan in whole or in part. On May 15, 2020, the Company, FES LLC and certain of its subsidiaries entered into the Fourth Amendment to Credit Agreement, with the Revolver Agent and the lenders party thereto, which amended the Revolving Loan Agreement in order to permit the incurrence of the PPP Loan, and to effect the other matters set forth therein. On May 15, 2020, the Company, FES LLC and certain of its subsidiaries entered into Amendment No. 4 to Loan and Security Agreement, with the Term Loan Agent and the lenders party thereto, which amended the Term Loan Agreement in order to permit the incurrence of the PPP Loan, and to effect the other matters set forth therein. June 2020 Revolving Loan Amendment and Term Loan Amendment On June 26, 2020, the Company, FES LLC and certain of its subsidiaries, as borrowers, entered into the Fifth Amendment and Waiver to Credit Agreement (the “June 2020 Revolving Loan Amendment”) with the lenders party thereto and the Revolver Agent. Pursuant to the June 2020 Revolving Loan Amendment, the commitments under the Revolving Credit Agreement were reduced from $27.5 million to $9.0 million , with such commitments solely available to issue letters of credit. In addition, the maturity date of the Revolving Credit Agreement was shortened to December 31, 2020 from January 12, 2021. Pursuant to the June 2020 Revolving Loan Amendment, the Revolving Loan Agreement Temporary Waiver provided under the March 2020 Revolving Loan Amendment was made permanent, and certain defaults which have occurred or which may occur under the Revolving Loan Agreement and the Term Loan Agreement, including with respect to certain unpaid taxes, were waived. Furthermore, the Revolving Loan Agreement was amended pursuant to the June 2020 Revolving Loan Amendment to exclude the obligations under the PIK Notes from any cross-default to the Revolving Loan Agreement. In addition, a notice of default delivered by the Revolver Agent to the Company on June 9, 2020 was withdrawn. The June 2020 Revolving Loan Amendment requires the Company to provide cash collateral to secure the obligations under the Revolving Loan Agreement, in amounts equal to (i) $2,689,000 on or prior the effective date of the June 2020 Revolving Loan Amendment, (ii) $1,000,000 on or prior to June 30, 2020 and (iii) $1,200,000 (or such other amount as is required to fully cash collateralize all outstanding letter of credit obligations and bank product obligations) on or prior to July 31, 2020. From and after such time that all letter of credit obligations and bank product obligations under the Revolving Loan Agreement are fully cash collateralized, certain covenants and events of default under the Revolving Loan Agreement will cease to apply, and the collateral securing the obligations under the Revolving Loan Agreement (other than cash collateral) will be released by the Revolver Agent. On June 29, 2020, the Company, FES LLC, as borrower, and certain of its subsidiaries entered into Amendment No. 5 and Waiver to Loan and Security Agreement (the “June 2020 Term Loan Amendment”), with the Term Loan Agent and the lenders party thereto, which amended the Term Loan Agreement to exclude the obligations under the PIK Notes from any cross-default to the Term Loan Agreement, and provided a waiver of defaults which occurred with respect to certain unpaid taxes. In connection with the June 2020 Term Loan Amendment, the Company modified certain representations with respect to solvency to assume the ability to refinance or otherwise satisfy the obligations under the Term Loan Agreement on or prior to the maturity thereof. PIK Note Default On June 29, 2020, the Company notified certain PIK Note holders of a possible default due to property tax penalties that have been accrued and are outstanding. As of June 30, 2020, the Company owes approximately $1.5M in unpaid property taxes, plus approximately $0.6 million in associated penalties. The Company is currently in discussions with holders of a majority in aggregate principal amount of the PIK Notes with respect to such possible default. As of the date of this filing, no notice of default has been communicated to the Company from the holders of PIK Notes or the trustee. If the PIK Note holders deem these conditions to be an event of default and such conditions are not cured or waived within 60 days after receipt of any written notice to the Company, the principal and accrued and unpaid interest on all the outstanding PIK Notes may become immediately due and payable.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
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, 2019 . 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).
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, coiled tubing 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 Accounting Standards Codification ("ASC") 606 included the determination of when the Company satisfies its performance obligation to customers and the applicability of the as invoiced practical expedient.
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. In May and April 2019, the FASB issued ASU No. 2019-05 and ASU No. 2019-04, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses" which further clarifies the ASU 2016-13. In November 2019, the FASB issued ASU No. 2019-10 “Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842)” which delayed, for smaller reporting companies, the mandatory effective date for interim and annual reporting periods beginning after December 15, 2022. 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 determined that the adoption of this standard as of January 1, 2020 did not have a material impact on its financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of the Carrying Amounts and Estimated Fair Values of Financial Instruments	The fair value of the Term Loan Agreement as of the respective dates are set forth below (in thousands): March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value Term Loan Agreement $ 59,602 $ 57,926 $ 57,506 $ 56,895
Reconciliation of Cash, Cash Equivalents and Cash - Restricted	The following table provides a reconciliation of cash, cash equivalents and cash - restricted reported within the condensed consolidated balance sheets to the same such amounts shown in the condensed consolidated statements of cash flows (in thousands). March 31, 2020 2019 Cash and cash equivalents $ 8,120 $ 2,201 Cash - restricted 73 73 Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows $ 8,193 $ 2,274

Impairment of Long-Lived Asse_2

Impairment of Long-Lived Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of Impairment Expense	The following table presents the components of the impairment write down, which are reflected on the consolidated statement of operations (in thousands): Three Months Ended March 31, 2020 2019 Impairment of property and equipment $ 40,030 $ — Impairment of intangible assets 3,887 — $ 43,917 $ —
Summary of Impairment Expense	The following table presents the components of the impairment write down, which are reflected on the consolidated statement of operations (in thousands): Three Months Ended March 31, 2020 2019 Impairment of property and equipment $ 40,030 $ — Impairment of intangible assets 3,887 — $ 43,917 $ —

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 December 31, 2019 Well servicing equipment 9-15 years $ 103,065 $ 132,562 Autos and trucks 5-10 years 14,586 20,627 Autos and trucks - finance lease 5-10 years 20,387 22,136 Disposal wells 5-15 years 3,065 3,835 Building and improvements 5-30 years 4,620 6,216 Furniture and fixtures 3-15 years 3,066 3,154 Land 480 647 (2) 149,269 189,177 Accumulated depreciation (1) (68,168 ) (63,768 ) $ 81,101 $ 125,409 (1) Includes accumulated depreciation of finance lease assets of $8.4 million and $7.7 million at March 31, 2020 and December 31, 2019 , respectively. (2) Includes impairment adjustment related to property and equipment of $40.0 million at March 31, 2020 (see Note 4).

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
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 Impairment Expense Accumulated Amortization Net Book Value March 31, 2020 Customer relationships 6-15 $ 11,378 $ (3,159 ) $ (2,330 ) $ 5,889 Trade names 10-15 3,072 (580 ) (577 ) 1,915 Covenants not to compete 4 1,505 (148 ) (1,117 ) 240 $ 15,955 $ (3,887 ) $ (4,024 ) $ 8,044 December 31, 2019 Customer relationships 6-15 $ 11,378 $ — $ (2,079 ) $ 9,299 Trade names 10-15 3,072 — (515 ) 2,557 Covenants not to compete 4 1,505 — (1,022 ) 483 $ 15,955 $ — $ (3,616 ) $ 12,339
Future Amortization Expense	Future amortization of these intangible assets for the remaining periods through December 31 will be as follows: 2020 $ 768 2021 860 2022 793 2023 793 2024 784 Thereafter 4,046 $ 8,044

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long Term Debt	Long-term debt consisted of the following (in thousands): March 31, 2020 December 31, 2019 Term Loan Agreement of $47.4 million, plus $14.1 million and $12.4 million of accrued interest paid-in-kind and net of debt discount of $1.9 million and $2.3 million as of March 31, 2020 and December 31, 2019, respectively $ 59,602 $ 57,506 PIK Notes of $51.8 million, plus $2.2 million and $0.9 million of accrued interest paid-in-kind, and including $7.8 million and $6.0 million accretion of interest and conversion premium as of March 31, 2020 and December 31, 2019, respectively 61,802 58,646 Revolving Loan Agreement 4,000 4,000 Finance leases 9,622 10,045 Insurance notes 2,829 4,498 Total debt 137,855 134,695 Less: Current portion (73,745 ) (72,059 ) Total long-term debt $ 64,110 $ 62,636

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Lease Information	The following tables illustrate the financial impact of the Company's leases, along with other supplemental information about the Company's leases (in thousands, except years and percentages): Three Months Ended March 31, 2020 2019 Components of lease expense: Finance lease cost: Amortization of right-of-use assets $ 1,068 $ 1,214 Interest on lease liabilities 90 139 Operating lease cost: Lease expense (1) 374 336 Short-term lease cost 558 374 Total lease cost $ 2,090 $ 2,063 (1) Includes variable lease costs of $ 65 thousand and $45 thousand for the three months ended March 31, 2020 and 2019 , respectively. March 31, 2020 December 31, 2019 Components of balance sheet: Operating leases: Operating lease right-of-use assets (non-current) $ 5,496 $ 6,235 Current portion of operating lease liabilities $ 790 $ 1,476 Long-term operating lease liabilities, net of current portion $ 4,706 $ 4,759 Finance leases: Property and equipment, net $ 14,390 $ 14,467 Current portion of long-term debt $ 5,115 $ 4,915 Long-term debt, net of current portion $ 4,507 $ 5,130 Three Months Ended March 31, 2020 2019 Other supplemental information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 374 $ 710 Operating cash flows for finance leases - interest $ 90 $ 139 Financing cash flows for finance leases $ 1,246 $ 1,168 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 6,150 Finance leases $ 823 $ 1,436 March 31, 2020 Weighted-average remaining lease term: Operating leases 7.8 years Finance leases 3.6 years Weighted-average discount rate: Operating leases 7.4 % Finance leases 5.3 %
Maturity of Finance Leases	The following table summarizes the maturity of the Company's debt, operating and finance leases as of March 31, 2020 (in thousands): Debt Operating Leases - Related Party Operating Leases - Other Finance Leases 2020 $ 60,831 $ 23 $ 858 $ 4,088 2021 61,547 — 1,142 4,094 2022 — — 973 1,503 2023 — — 838 380 2024 — — 700 50 Thereafter — — 2,782 — Total minimum lease payments 122,378 23 7,293 10,115 Less imputed interest — (1 ) (1,819 ) (493 ) Less debt discount (1,945 ) — — — Debt premium 7,800 — — — Total debt and lease liabilities per balance sheet $ 128,233 $ 22 $ 5,474 $ 9,622
Maturity of Operating Leases	The following table summarizes the maturity of the Company's debt, operating and finance leases as of March 31, 2020 (in thousands): Debt Operating Leases - Related Party Operating Leases - Other Finance Leases 2020 $ 60,831 $ 23 $ 858 $ 4,088 2021 61,547 — 1,142 4,094 2022 — — 973 1,503 2023 — — 838 380 2024 — — 700 50 Thereafter — — 2,782 — Total minimum lease payments 122,378 23 7,293 10,115 Less imputed interest — (1 ) (1,819 ) (493 ) Less debt discount (1,945 ) — — — Debt premium 7,800 — — — Total debt and lease liabilities per balance sheet $ 128,233 $ 22 $ 5,474 $ 9,622

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [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, 2020 March 31, 2019 Share based compensation expense recognized $ 230 $ 253 As of March 31, 2020 Unrecognized compensation cost (in thousands) $ 1,401 Remaining weighted-average service period (years) 2.9
Schedule of Nonvested Restricted Stock Units Activity	During the three months ended March 31, 2020 , the Company granted 292,163 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, 2019 171,716 $ 11.00 Granted 292,163 $ 0.16 Vested — $ — Forfeited (8,021 ) $ 9.04 Unvested as of March 31, 2020 455,858 $ 4.09

Loss per Share (Tables)

Loss per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 2019 Basic and diluted: Net loss $ (59,816 ) $ (11,634 ) Weighted-average common shares 5,523 5,442 Basic and diluted net loss per share $ (10.83 ) $ (2.14 )

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2020 Operating revenues $ 15,089 $ 8,222 $ 7,152 $ 30,463 Direct operating costs 13,354 8,303 7,029 28,686 Segment profits $ 1,735 $ (81 ) $ 123 $ 1,777 Depreciation and amortization $ 1,914 $ 2,528 $ 1,677 $ 6,119 Capital expenditures (1) $ 1,545 $ 126 $ 147 $ 1,818 Total assets (2) $ 53,242 $ 39,835 $ 30,868 $ 123,945 Long lived assets (2) $ 49,675 $ 29,513 $ 15,453 $ 94,641 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 (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. (2) Total assets and long-lived assets include impairment expenses on long-lived assets for the Company's Well Servicing, Coiled Tubing, and Fluid Logistics segments of $6.9 million, $27.4 million and $9.6 million, respectively.
Financial Information with Respect to Reportable Segments	Three Months Ended March 31, 2020 2019 Reconciliation of Operating Loss As Reported: Segment profits $ 1,777 $ 12,249 Less: General and administrative expense 5,911 6,825 Impairment of property and equipment 40,030 — Impairment of intangible assets 3,887 — Depreciation and amortization 6,119 9,439 Operating loss (54,170 ) (4,015 ) Other income (expenses), net (5,748 ) (7,683 ) Pre-tax loss $ (59,918 ) $ (11,698 ) March 31, 2020 Reconciliation of Total Assets As Reported: Total reportable segments $ 123,945 Parent 9,525 Total assets $ 133,470

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables show revenue disaggregated by primary geographical markets and major service lines (in thousands): Three months ended March 31, 2020 Well Servicing Coiled Tubing Fluid Logistics Total Primary Geographical Markets South Texas $ 9,438 $ 4,468 $ 3,600 $ 17,506 East Texas (1) 1,286 — 5 1,291 Central Texas — — 2,277 2,277 West Texas 4,365 3,754 1,270 9,389 Total $ 15,089 $ 8,222 $ 7,152 $ 30,463 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 (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, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Three Months Ended March 31, 2020 2019 Cash paid for Interest $ 1,030 $ 1,013 Income tax $ — $ — Supplemental schedule of non-cash investing and financing activities Change in accounts payable related to capital expenditures $ 147 $ 49 Exchange of Bridge Loan for PIK Notes $ — $ 47,346 Finance leases on equipment $ 823 $ 1,436

Organization and Nature of Op_2

Organization and Nature of Operations - Narrative (Details) $ in Millions	Mar. 31, 2020USD ($)
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring liability	$ 0.1

Basis of Presentation - Fair Va

Basis of Presentation - Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan Agreement	$ 137,855	$ 134,695
Term Loan Agreement | New First Lien Term Loan Facility (Exit Facility) | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan Agreement	57,926	56,895
PIK Notes | New First Lien Term Loan Facility (Exit Facility)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan Agreement	$ 59,602	57,506
PIK Notes | New First Lien Term Loan Facility (Exit Facility) | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term Loan Agreement		$ 57,506

Basis of Presentation - Cash, C

Basis of Presentation - Cash, Cash Equivalents and Cash - Restricted (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 8,120	$ 5,224	$ 2,201
Cash - restricted	73	73	73
Cash and cash equivalents and cash - restricted as shown in the consolidated statement of cash flows	$ 8,193	$ 5,297	$ 2,274	$ 8,156

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impairment of property and equipment	$ 40,030	$ 0
Impairment of intangible assets	$ 3,887	$ 0	$ 0
Billing period for service invoices	30 days
Number of reportable segments | segment	3
Duration of customer contract, maximum	1 year

Going Concern (Details)

Going Concern (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Nov. 14, 2019	Mar. 31, 2019	Mar. 04, 2019
Debt Instrument [Line Items]
Cash and cash equivalents	$ 8,120,000	$ 5,224,000		$ 2,201,000
Debt and capital lease obligations	137,855,000	134,695,000
Line of Credit | Revolving Loan Agreement
Debt Instrument [Line Items]
Line of credit, amount outstanding	4,000,000
Debt and capital lease obligations		4,000,000
Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Debt Instrument [Line Items]
Debt instrument, face amount	47,400,000	47,400,000
PIK Notes | Subordinated Convertible PIK Notes
Debt Instrument [Line Items]
Debt instrument, face amount	51,800,000	51,800,000	$ 48,900,000		$ 51,800,000
Debt and capital lease obligations	61,802,000	58,646,000
PIK Notes | New First Lien Term Loan Facility (Exit Facility)
Debt Instrument [Line Items]
Debt and capital lease obligations	$ 59,602,000	$ 57,506,000

Impairment of Long-Lived Asse_3

Impairment of Long-Lived Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Impairment expense	$ 43,917	$ 0

Impairment of Long-Lived Asse_4

Impairment of Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Impairment of property and equipment	$ 40,030	$ 0
Impairment of intangible assets	3,887	0	$ 0
Impairment expense	$ 43,917	$ 0

Property and Equipment - Compon

Property and Equipment - Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of Property and equipment
Property, equipment and finance leases, gross	$ 149,269
Property and equipment, gross			$ 189,177
Accumulated depreciation	(68,168)
Accumulated depreciation			(63,768)
Property, equipment and finance leases, net	81,101
Property and equipment, net	81,101		125,409
Accumulated depreciation			63,768
Impairment of property and equipment	40,030	$ 0
Well servicing equipment
Summary of Property and equipment
Property and equipment, gross	$ 103,065		132,562
Well servicing equipment | Minimum
Summary of Property and equipment
Property and equipment, estimated life	9 years
Well servicing equipment | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Autos and trucks
Summary of Property and equipment
Property and equipment, gross	$ 14,586		20,627
Autos and trucks | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Autos and trucks | Maximum
Summary of Property and equipment
Property and equipment, estimated life	10 years
Autos and trucks - finance lease
Summary of Property and equipment
Autos and trucks - finance lease	$ 20,387
Property and equipment, gross			22,136
Autos and trucks - finance lease | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Autos and trucks - finance lease | Maximum
Summary of Property and equipment
Property and equipment, estimated life	10 years
Disposal wells
Summary of Property and equipment
Property and equipment, gross	$ 3,065		3,835
Disposal wells | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Disposal wells | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Building and improvements
Summary of Property and equipment
Property and equipment, gross	$ 4,620		6,216
Building and improvements | Minimum
Summary of Property and equipment
Property and equipment, estimated life	5 years
Building and improvements | Maximum
Summary of Property and equipment
Property and equipment, estimated life	30 years
Furniture and fixtures
Summary of Property and equipment
Property and equipment, gross	$ 3,066		3,154
Furniture and fixtures | Minimum
Summary of Property and equipment
Property and equipment, estimated life	3 years
Furniture and fixtures | Maximum
Summary of Property and equipment
Property and equipment, estimated life	15 years
Land
Summary of Property and equipment
Property and equipment, gross	$ 480		647
Finance leased assets
Summary of Property and equipment
Accumulated depreciation	(8,400)		(7,700)
Accumulated depreciation	$ 8,400		$ 7,700

Property and Equipment - Deprec

Property and Equipment - Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 5,700	$ 9,000
Gain on disposal of assets	297	1,117
Impairment of property and equipment	40,030	0
Finance Leased Assets
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 1,100	$ 1,200

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of intangible assets	$ 3,887	$ 0	$ 0
Amortization expenses	$ 400	$ 400

Intangible Assets - Major Asset

Intangible Assets - Major Asset Class (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Intangible Assets
Gross Carrying Value	$ 15,955		$ 15,955
Impairment Expense	(3,887)	$ 0	0
Accumulated Amortization	(4,024)		(3,616)
Net Book Value	8,044		12,339
Customer relationships
Intangible Assets
Gross Carrying Value	11,378		11,378
Impairment Expense	(3,159)		0
Accumulated Amortization	(2,330)		(2,079)
Net Book Value	5,889		9,299
Trade names
Intangible Assets
Gross Carrying Value	3,072		3,072
Impairment Expense	(580)		0
Accumulated Amortization	(577)		(515)
Net Book Value	$ 1,915		$ 2,557
Covenants not to compete
Intangible Assets
Useful Life (years)	4 years		4 years
Gross Carrying Value	$ 1,505		$ 1,505
Impairment Expense	(148)		0
Accumulated Amortization	(1,117)		(1,022)
Net Book Value	$ 240		$ 483
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

Intangible Assets - Finite-live

Intangible Assets - Finite-lived Intangible Assets, Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 768
2021	860
2022	793
2023	793
2024	784
Thereafter	4,046
Net Book Value	$ 8,044	$ 12,339

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Nov. 14, 2019	Mar. 04, 2019
Debt Instrument [Line Items]
Total debt	$ 137,855,000	$ 134,695,000
Less: Current portion	(73,745,000)	(72,059,000)
Total long-term debt	64,110,000	62,636,000
Finance Leases
Debt Instrument [Line Items]
Total debt	9,622,000	10,045,000
PIK Notes | Term Loan
Debt Instrument [Line Items]
Total debt	59,602,000	57,506,000
PIK Notes | Subordinated Convertible PIK Notes
Debt Instrument [Line Items]
Total debt	61,802,000	58,646,000
Debt instrument, face amount	51,800,000	51,800,000	$ 48,900,000	$ 51,800,000
Accrued interest paid in kind	2,200,000	900,000
Accretion of interest and conversion premium	7,800,000	6,000,000
Line of Credit | Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount	47,400,000	47,400,000
Accrued interest paid in kind	14,100,000	12,400,000
Debt discount	1,900,000	2,300,000
Line of Credit | Revolving Loan Agreement
Debt Instrument [Line Items]
Total debt		4,000,000
Insurance Notes
Debt Instrument [Line Items]
Total debt	$ 2,829,000	$ 4,498,000

Long-Term Debt - Term Loan Agre

Long-Term Debt - Term Loan Agreement (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Apr. 13, 2018	Apr. 13, 2017
Debt Instrument [Line Items]
Debt instrument, PIK interest rate (percent)	11.00%
Interest paid-in-kind	$ 2,987,000	$ 3,172,000
Line of Credit | Term Loan
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	$ 1,700,000
Debt instrument, threshold for cash payment requirement				$ 20,000,000

Long-Term Debt - Revolving Loan

Long-Term Debt - Revolving Loan Agreement (Details) - Revolving Loan Agreement - USD ($)	Nov. 16, 2018	Jun. 29, 2020	Jun. 26, 2020	Jun. 25, 2020	Mar. 31, 2020
Line of Credit
Debt Instrument [Line Items]
Line of credit, amount outstanding					$ 4,000,000
Letters of credit outstanding, amount					$ 6,900,000
Cretic Energy Services, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 9,000,000
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%
Fees percentage per annum	4.25%
Subsequent Event | Line of Credit
Debt Instrument [Line Items]
Line of credit, amount outstanding		$ 0
Letters of credit outstanding, amount		6,900,000
Line of credit, remaining borrowing capacity		$ 2,100,000
Subsequent Event | Cretic Energy Services, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 9,000,000	$ 27,500,000

Long-Term Debt - Amendment to T

Long-Term Debt - Amendment to Term Loan Agreement (Details) - Cretic Energy Services, LLC - Revolving Credit Facility - Amendment to New First Lien Term Loan Facility (Exit Facility) - USD ($) $ in Millions	Mar. 20, 2020	Feb. 03, 2020
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 27.5	$ 35
Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.25%
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.25%
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%
Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.25%
Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Base Rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.25%

Long-Term Debt - 5% Subordinate

Long-Term Debt - 5% Subordinated Convertible PIK Notes (Details) - PIK Notes - Subordinated Convertible PIK Notes - USD ($)	Jan. 01, 2020	Jul. 01, 2019	Mar. 04, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Nov. 14, 2019
Debt Instrument [Line Items]
Debt instrument, face amount			$ 51,800,000	$ 51,800,000		$ 51,800,000	$ 48,900,000
Debt instrument, stated interest rate			5.00%
Interest costs capitalized	$ 1,300,000	$ 100,000
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%
Accretion recorded as interest expense				$ 1,800,000	$ 600,000
Conversion rate			$ 100

Long-Term Debt - Insurance Note

Long-Term Debt - Insurance Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt and capital lease obligations	$ 137,855	$ 134,695
Insurance Notes
Debt Instrument [Line Items]
Debt and capital lease obligations	$ 2,829	$ 4,498
Insurance Notes | Insurance Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	4.99%	3.27%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Insurance coverage per depositor	$ 250,000
Gain Contingencies [Line Items]
Limit excess policy	10,000,000
Threshold amount for additional premium payable percentage	$ 2,000,000
Percentage of claims paid over threshold	15.00%
Claims made in excess amount due	$ 2,000,000
Auto Liability and General Liability Insurances
Gain Contingencies [Line Items]
Self insurance basic coverage	2,000,000
Employee Group Medical Plan
Gain Contingencies [Line Items]
Self insurance basic coverage	150,000
Self insurance reserve	$ 5,800,000	$ 7,000,000
Customer concentration risk | Consolidated revenues | Largest customer
Concentration Risk [Line Items]
Concentration risk, percentage	13.40%
Customer concentration risk | Consolidated revenues | Five largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	37.90%
Customer concentration risk | Consolidated revenues | Ten largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	52.20%
Customer concentration risk | Accounts receivable | Largest customer
Concentration Risk [Line Items]
Concentration risk, percentage	6.20%
Customer concentration risk | Accounts receivable | Five largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	27.90%
Customer concentration risk | Accounts receivable | Ten largest customers
Concentration Risk [Line Items]
Concentration risk, percentage	39.80%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Finance lease cost:
Amortization of right-of-use assets	$ 1,068	$ 1,214
Interest on lease liabilities	90	139
Operating lease cost	374	336
Short-term lease cost	558	374
Total lease cost	2,090	2,063
Variable lease cost	$ 65	$ 45

Leases - Components of Balance

Leases - Components of Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Operating leases:
Operating lease right-of-use assets (non-current)	$ 5,496	$ 6,235
Current portion of operating lease liabilities	790	1,476
Long-term operating lease liabilities, net of current portion	4,706	4,759
Finance leases:
Property and equipment, net	14,390	14,467
Current portion of long-term debt	5,115	4,915
Long-term debt, net of current portion	$ 4,507	$ 5,130

Leases - Other Supplemental Inf

Leases - Other Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 374	$ 710
Operating cash flows for finance leases - interest	90	139
Financing cash flows for finance leases	1,246	1,168
Noncash activities from right-of-use assets obtained in exchange for lease obligations:
Operating leases	0	6,150
Finance leases	$ 823	$ 1,436
Weighted-average remaining lease term:
Operating leases	7 years 9 months
Finance leases	3 years 7 months
Weighted-average discount rate for operating leases (percent)	7.40%
Weighted-average discount rate for finance leases (percent)	5.30%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) $ in Thousands	Mar. 31, 2020USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2020	$ 60,831
2021	61,547
2022	0
2023	0
2024	0
Thereafter	0
Total minimum lease payments	122,378
Less debt discount	(1,945)
Debt premium	7,800
Total debt and lease liabilities per balance sheet	128,233
Finance Lease, Liability, Payment, Due [Abstract]
2020	4,088
2021	4,094
2022	1,503
2023	380
2024	50
Thereafter	0
Total minimum lease payments	10,115
Less imputed interest	(493)
Total debt and lease liabilities per balance sheet	9,622
Other
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2020	858
2021	1,142
2022	973
2023	838
2024	700
Thereafter	2,782
Total minimum lease payments	7,293
Less imputed interest	(1,819)
Total debt and lease liabilities per balance sheet	5,474
Related Party
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2020	23
2021	0
2022	0
2023	0
2024	0
Thereafter	0
Total minimum lease payments	23
Less imputed interest	(1)
Total debt and lease liabilities per balance sheet	$ 22

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, 2020	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Share based compensation expense recognized	$ 230	$ 253
Unrecognized compensation cost (in thousands)	$ 1,401
Remaining weighted-average service period (years)	2 years 11 months

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Shares
Unvested beginning balance (in shares) | shares	171,716
Granted (in shares) | shares	292,163
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(8,021)
Unvested ending balance (in shares) | shares	455,858
Weighted Average Fair Value
Unvested beginning balance (in USD per share) | $ / shares	$ 11
Granted (in USD per share) | $ / shares	0.16
Vested (in USD per share) | $ / shares	0
Forfeited (in USD per share) | $ / shares	9.04
Unvested ending balance (in USD per share) | $ / shares	$ 4.09

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Apr. 16, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Related party expenses, primarily related to leases and rents	$ 200,000	$ 300,000
Related party revenue	0	$ 0
Related party accounts receivable	0			$ 0
Related party payables	$ 0			$ 0
Subsequent Event | Ascribe | Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Related Party Transaction [Line Items]
Debt due to related party			$ 16,800,000
Subsequent Event | Solace | Line of Credit | New First Lien Term Loan Facility (Exit Facility)
Related Party Transaction [Line Items]
Debt due to related party			15,300,000
Subsequent Event | Medium-term Notes | Ascribe | Rights Offering Notes
Related Party Transaction [Line Items]
Debt due to related party			27,900,000
Subsequent Event | Medium-term Notes | Solace | Rights Offering Notes
Related Party Transaction [Line Items]
Debt due to related party			$ 20,800,000

Loss per Share - Computation of

Loss 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, 2020	Mar. 31, 2019
Basic and diluted:
Net loss	$ (59,816)	$ (11,634)
Weighted-average common shares (in shares)	5,523	5,442
Basic and diluted net loss per share (in USD per share)	$ (10.83)	$ (2.14)

Loss per Share - Narrative (Det

Loss per Share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restricted Stock
Class of Stock [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	455,858	322,040

Business Segment Information -

Business Segment Information - Financial Information by Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Operating revenues	$ 30,463	$ 58,388
Profits (loss)	(54,170)	(4,015)
Depreciation and amortization	6,119	9,439
Total assets	133,470		$ 190,265
Impairment expense	43,917	0
Reportable Segments
Segment Reporting Information [Line Items]
Operating revenues	30,463	58,388
Direct operating costs	28,686	46,139
Profits (loss)	1,777	12,249
Total assets	123,945	240,720
Long-lived assets	94,641	181,487
Elimination of internal transactions
Segment Reporting Information [Line Items]
Capital expenditures	1,818	5,081
Well Servicing
Segment Reporting Information [Line Items]
Operating revenues	15,089	24,750
Direct operating costs	13,354	17,549
Depreciation and amortization	1,914	2,642
Well Servicing | Reportable Segments
Segment Reporting Information [Line Items]
Operating revenues	15,089	24,750
Direct operating costs	13,354	17,549
Profits (loss)	1,735	7,201
Total assets	53,242	76,344
Long-lived assets	49,675	54,790
Impairment expense	6,900
Well Servicing | Elimination of internal transactions
Segment Reporting Information [Line Items]
Capital expenditures	1,545	2,443
Coiled Tubing
Segment Reporting Information [Line Items]
Operating revenues	8,222	20,010
Direct operating costs	8,303	17,938
Depreciation and amortization	2,528	3,538
Coiled Tubing | Reportable Segments
Segment Reporting Information [Line Items]
Operating revenues	8,222	20,010
Direct operating costs	8,303	17,938
Profits (loss)	(81)	2,072
Total assets	39,835	109,995
Long-lived assets	29,513	84,284
Impairment expense	27,400
Coiled Tubing | Elimination of internal transactions
Segment Reporting Information [Line Items]
Capital expenditures	126	2,298
Fluid Logistics
Segment Reporting Information [Line Items]
Operating revenues	7,152	13,628
Direct operating costs	7,029	10,652
Depreciation and amortization	1,677	3,259
Fluid Logistics | Reportable Segments
Segment Reporting Information [Line Items]
Operating revenues	7,152	13,628
Direct operating costs	7,029	10,652
Profits (loss)	123	2,976
Total assets	30,868	54,381
Long-lived assets	15,453	42,413
Impairment expense	9,600
Fluid Logistics | Elimination of internal transactions
Segment Reporting Information [Line Items]
Capital expenditures	$ 147	$ 340

Business Segment Information _2

Business Segment Information - Reconciliation of Operating Loss and Total Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Reconciliation of Operating Loss As Reported:
Profit (loss)	$ (54,170)	$ (4,015)
General and administrative expense	5,911	6,825
Impairment of property and equipment	40,030	0
Impairment of intangible assets	3,887	0	$ 0
Depreciation and amortization	6,119	9,439
Other income (expenses), net	(5,748)	(7,683)
Pre-tax loss	(59,918)	(11,698)
Reconciliation of Total Assets As Reported:
Assets	133,470		$ 190,265
Reportable Segments
Reconciliation of Operating Loss As Reported:
Profit (loss)	1,777	12,249
Reconciliation of Total Assets As Reported:
Assets	123,945	$ 240,720
Parent
Reconciliation of Total Assets As Reported:
Assets	$ 9,525

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 30,463	$ 58,388
South Texas
Disaggregation of Revenue [Line Items]
Revenue	17,506	28,587
East Texas
Disaggregation of Revenue [Line Items]
Revenue	1,291	1,689
Central Texas
Disaggregation of Revenue [Line Items]
Revenue	2,277	3,096
West Texas
Disaggregation of Revenue [Line Items]
Revenue	9,389	25,016
Well Servicing
Disaggregation of Revenue [Line Items]
Revenue	15,089	24,750
Well Servicing | South Texas
Disaggregation of Revenue [Line Items]
Revenue	9,438	18,177
Well Servicing | East Texas
Disaggregation of Revenue [Line Items]
Revenue	1,286	854
Well Servicing | Central Texas
Disaggregation of Revenue [Line Items]
Revenue	0	0
Well Servicing | West Texas
Disaggregation of Revenue [Line Items]
Revenue	4,365	5,719
Coiled Tubing
Disaggregation of Revenue [Line Items]
Revenue	8,222	20,010
Coiled Tubing | South Texas
Disaggregation of Revenue [Line Items]
Revenue	4,468	4,238
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	3,754	15,772
Fluid Logistics
Disaggregation of Revenue [Line Items]
Revenue	7,152	13,628
Fluid Logistics | South Texas
Disaggregation of Revenue [Line Items]
Revenue	3,600	6,172
Fluid Logistics | East Texas
Disaggregation of Revenue [Line Items]
Revenue	5	835
Fluid Logistics | Central Texas
Disaggregation of Revenue [Line Items]
Revenue	2,277	3,096
Fluid Logistics | West Texas
Disaggregation of Revenue [Line Items]
Revenue	$ 1,270	$ 3,525

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash paid for
Interest	$ 1,030	$ 1,013
Income tax	0	0
Supplemental schedule of non-cash investing and financing activities
Change in accounts payable related to capital expenditures	147	49
Exchange of Bridge Loan for PIK Notes	0	47,346
Change in accounts payable related to capital expenditures	$ 823	$ 1,436

Subsequent Events (Details)

Subsequent Events (Details)

May 15, 2020USD ($)

Apr. 16, 2020USD ($)shares

Dec. 19, 2019USD ($)

May 31, 2020USD ($)

Jun. 30, 2020USD ($)

Jun. 26, 2020USD ($)

Jun. 25, 2020USD ($)

Mar. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Nov. 14, 2019USD ($)

Mar. 04, 2019USD ($)

Nov. 16, 2018USD ($)

Subordinated Convertible PIK Notes | Subordinated Convertible Notes

Subsequent Event [Line Items]

Debt instrument, stated interest rate (percent)

5.00%

Debt instrument, face amount

$ 51,800,000

$ 51,800,000

$ 48,900,000

$ 51,800,000

Ascribe Entities and Solace

Subsequent Event [Line Items]

Convertible preferred stock, exchanged amount

$ 30,000,000

Preferred stock dividend rate, percentage

5.00%

Convertible preferred stock, conversion term, percentage of outstanding common stock

0.2

Subsequent Event | PPP Loan

Subsequent Event [Line Items]

Debt instrument, stated interest rate (percent)

1.00%

Debt instrument, face amount

$ 10,000,000

Term

2 years

Deferment term

6 months

Proceeds from unsecured loan

$ 10,000,000

Ascribe | Subsequent Event

Subsequent Event [Line Items]

Stock issued in exchange for PIK Notes (in shares) | shares

963,116

Ascribe | Subsequent Event | Subordinated Convertible PIK Notes | Subordinated Convertible Notes

Subsequent Event [Line Items]

PIK Notes exchanged for shares

$ 130,000

Solace | Subsequent Event

Subsequent Event [Line Items]

Stock issued in exchange for PIK Notes (in shares) | shares

709,253

Solace | Subsequent Event | Subordinated Convertible PIK Notes | Subordinated Convertible Notes

Subsequent Event [Line Items]

PIK Notes exchanged for shares

$ 90,000

Revolving Credit Facility | Cretic Energy Services, LLC | Revolving Loan Agreement

Subsequent Event [Line Items]

Maximum borrowing capacity

$ 9,000,000

Revolving Credit Facility | Cretic Energy Services, LLC | Subsequent Event | Revolving Loan Agreement

Subsequent Event [Line Items]

Maximum borrowing capacity

$ 9,000,000

$ 27,500,000

Cash collateral required on or prior to effective date of amendment

$ 2,689,000

Cash collateral required on or prior to June 30, 2020

1,000,000

Cash collateral required on or prior to July 31, 2020

$ 1,200,000