ProPetro Holding (PUMP) 10-Q 22 Jun 20 2019 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2019	Jun. 09, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-38035
Entity Registrant Name	ProPetro Holding Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3685382
Entity Address, Address Line One	1706 South Midkiff
Entity Address, City or Town	Midland
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	79701
City Area Code	432
Local Phone Number	688-0012
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,849,840
Entity Central Index Key	0001680247
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Common Stock, par value $0.001 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	PUMP
Security Exchange Name	NYSE
Preferred Stock Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NYSE
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 109,191	$ 132,700
Accounts receivable - net of allowance for doubtful accounts of $575 and $100, respectively	275,749	202,956
Inventories	1,850	6,353
Prepaid expenses	4,417	6,610
Other current assets	1,521	638
Total current assets	392,728	349,257
PROPERTY AND EQUIPMENT - net of accumulated depreciation	1,050,039	912,846
OPERATING LEASE RIGHT-OF-USE ASSETS	1,055	0
OTHER NONCURRENT ASSETS:
Goodwill	9,425	9,425
Intangible assets - net of amortization	0	13
Other noncurrent assets	2,796	2,981
Total other noncurrent assets	12,221	12,419
TOTAL ASSETS	1,456,043	1,274,522
CURRENT LIABILITIES:
Accounts payable	249,087	214,460
Operating lease liabilities	294	0
Finance lease liabilities	2,917	0
Accrued and other current liabilities	31,293	138,089
Accrued interest payable	569	211
Total current liabilities	284,160	352,760
DEFERRED INCOME TAXES	96,906	54,283
LONG-TERM DEBT	130,000	70,000
NONCURRENT OPERATING LEASE LIABILITIES	877	0
OTHER LONG-TERM LIABILITIES	0	124
Total liabilities	511,943	477,167
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized,100,617,240 and 100,190,126 shares issued, respectively	101	100
Additional paid-in capital	824,099	817,690
Retained earnings (accumulated deficit)	119,900	(20,435)
Total shareholders’ equity	944,100	797,355
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,456,043	$ 1,274,522

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 575	$ 100
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	200,000,000	200,000,000
Common stock, issued (in shares)	100,617,240	100,190,126
Common Stock, Shares Outstanding ( in shares )	100,617,240	100,190,126
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized (in shares)	30,000,000	30,000,000
Preferred stock, issued (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
REVENUE - Service revenue	$ 541,847	$ 434,041	$ 1,617,521	$ 1,279,148
COSTS AND EXPENSES
Cost of services (exclusive of depreciation and amortization)	396,922	320,146	1,164,663	970,156
General and administrative (inclusive of stock-based compensation)	27,558	12,821	73,972	38,943
Depreciation and amortization	37,653	23,217	106,252	63,428
Loss on disposal of assets	31,153	16,407	81,578	43,061
Total costs and expenses	493,286	372,591	1,426,465	1,115,588
OPERATING INCOME	48,561	61,450	191,056	163,560
OTHER EXPENSE:
Interest expense	(1,749)	(1,480)	(5,678)	(4,973)
Other expense	(75)	(93)	(539)	(505)
Total other expense	(1,824)	(1,573)	(6,217)	(5,478)
INCOME BEFORE INCOME TAXES	46,737	59,877	184,839	158,082
INCOME TAX EXPENSE	(12,340)	(13,592)	(44,504)	(35,998)
NET INCOME	$ 34,397	$ 46,285	$ 140,335	$ 122,084
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.34	$ 0.55	$ 1.40	$ 1.46
Diluted (in dollars per share)	$ 0.33	$ 0.53	$ 1.35	$ 1.40
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	100,606	83,544	100,423	83,359
Diluted (in shares)	103,652	86,878	103,988	87,153

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance (in shares) at Dec. 31, 2017		83,040
Balance at Dec. 31, 2017	$ 413,252	$ 83	$ 607,466	$ (194,297)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	758		758
Issuance of equity awards, net (in shares)		372
Net income	36,708			36,708
Balance (in shares) at Mar. 31, 2018		83,412
Balance at Mar. 31, 2018	450,718	$ 83	608,224	(157,589)
Balance (in shares) at Dec. 31, 2017		83,040
Balance at Dec. 31, 2017	413,252	$ 83	607,466	(194,297)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	122,084
Balance (in shares) at Sep. 30, 2018		83,544
Balance at Sep. 30, 2018	539,219	$ 84	611,348	(72,213)
Balance (in shares) at Mar. 31, 2018		83,412
Balance at Mar. 31, 2018	450,718	$ 83	608,224	(157,589)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	1,443		1,443
Issuance of equity awards, net (in shares)		132
Issuance of equity awards, net	51	$ 1	50
Net income	39,091			39,091
Balance (in shares) at Jun. 30, 2018		83,544
Balance at Jun. 30, 2018	491,303	$ 84	609,717	(118,498)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	1,631		1,631
Issuance of equity awards, net (in shares)		0
Issuance of equity awards, net	0	$ 0	0
Net income	46,285			46,285
Balance (in shares) at Sep. 30, 2018		83,544
Balance at Sep. 30, 2018	539,219	$ 84	611,348	(72,213)
Balance (in shares) at Dec. 31, 2018		100,190
Balance at Dec. 31, 2018	797,355	$ 100	817,690	(20,435)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	1,829		1,829
Issuance of equity awards, net (in shares)		104
Issuance of equity awards, net	552	$ 0	552
Net income	69,805			69,805
Balance (in shares) at Mar. 31, 2019		100,294
Balance at Mar. 31, 2019	869,541	$ 100	820,071	49,370
Balance (in shares) at Dec. 31, 2018		100,190
Balance at Dec. 31, 2018	797,355	$ 100	817,690	(20,435)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	140,335
Balance (in shares) at Sep. 30, 2019		100,617
Balance at Sep. 30, 2019	944,100	$ 101	824,099	119,900
Balance (in shares) at Mar. 31, 2019		100,294
Balance at Mar. 31, 2019	869,541	$ 100	820,071	49,370
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	2,840		2,840
Issuance of equity awards, net (in shares)		257
Issuance of equity awards, net	523	$ 1	522
Net income	36,133			36,133
Balance (in shares) at Jun. 30, 2019		100,551
Balance at Jun. 30, 2019	909,037	$ 101	823,433	85,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	577		577
Issuance of equity awards, net (in shares)		66
Issuance of equity awards, net	89	$ 0	89
Net income	34,397			34,397
Balance (in shares) at Sep. 30, 2019		100,617
Balance at Sep. 30, 2019	$ 944,100	$ 101	$ 824,099	$ 119,900

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 140,335	$ 122,084
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	106,252	63,428
Deferred income tax expense	42,623	34,546
Provision for bad debt expense	475	0
Amortization of deferred revenue rebate	0	615
Amortization of deferred debt issuance costs	405	295
Stock-based compensation	5,246	3,832
Loss on disposal of assets	81,578	42,898
Changes in operating assets and liabilities:
Accounts receivable	(73,268)	(52,734)
Other current assets	603	(431)
Inventories	4,503	(496)
Prepaid expenses	1,973	2,265
Accounts payable	(11,496)	26,378
Accrued and other current liabilities	8,042	7,384
Accrued interest	358	1,030
Net cash provided by operating activities	307,629	251,094
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(394,343)	(212,152)
Proceeds from sale of assets	6,774	3,280
Net cash used in investing activities	(387,569)	(208,872)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	110,000	77,378
Repayments of borrowings	(50,000)	(61,858)
Payment of finance lease obligation	(186)	0
Repayments of insurance financing	(4,547)	(3,218)
Payment of debt issuance costs	0	(360)
Proceeds from exercise of equity awards	1,164	51
Net cash provided by financing activities	56,431	11,993
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(23,509)	54,215
CASH AND CASH EQUIVALENTS - Beginning of period	132,700	23,949
CASH AND CASH EQUIVALENTS - End of period	$ 109,191	$ 78,164

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements of ProPetro Holding Corp. and its subsidiary (the "Company," "we," "us" or "our") have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission ("SEC") for interim financial information and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America ("GAAP") for annual financial statements. Those adjustments (which consisted of normal recurring accruals) that are, in the opinion of management, necessary for a fair presentation of the results of the interim periods have been made. Results of operations for such interim periods are not necessarily indicative of the results of operations for a full year due to changes in market conditions and other factors. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 included in our Form 10-K (our "Form 10-K"). Risks and Uncertainties As an oilfield services company, we are exposed to a number of risks and uncertainties that are inherent to our industry. In addition to such industry-specific risks, the global public health crisis associated with the novel coronavirus (“COVID-19”) pandemic has, and is anticipated to continue to have, an adverse effect on global economic activity for the immediate future and has resulted in travel restrictions, business closures and the institution of quarantining and other restrictions on movement in many communities. The slowdown in global economic activity attributable to the COVID-19 pandemic has resulted in a dramatic decline in the demand for energy, which directly impacts our industry and the Company. In addition, global crude oil prices experienced a collapse starting in early March 2020 as a direct result of failed negotiations between the Organization of the Petroleum Exporting Countries (“OPEC”) and Russia. In response to the global economic slowdown, OPEC had recommended a decrease in production levels in order to accommodate reduced demand. Russia rejected the recommendation of OPEC as a concession to U.S. producers. After the failure to reach an agreement, Saudi Arabia, a dominant member of OPEC, and other Persian Gulf OPEC members announced intentions to increase production and offer price discounts to buyers in certain geographic regions. As the breadth of the COVID-19 health crisis expanded throughout the month of March 2020 and governmental authorities implemented more restrictive measures to limit person-to-person contact, global economic activity continued to decline commensurately. The associated impact on the energy industry has been adverse and continued to be exacerbated by the unresolved conflict regarding production. In the second week of April 2020, OPEC, Russia and certain other petroleum producing nations (“OPEC+”), reconvened to discuss the matter of production cuts in light of unprecedented disruption and supply and demand imbalances that expanded since the failed negotiations in early March 2020. Tentative agreements were reached to cut production by up to 10 million barrels of oil per day with allocations to be made among the OPEC+ participants. Some of these production cuts went into effect in the first half of May 2020, however, commodity prices remain depressed as a result of an increasingly utilized global storage network and near-term demand loss attributable to the COVID-19 health crisis and related economic slowdown. The combined effect of COVID-19 and the energy industry disruptions led to a decline in WTI crude oil prices of approximately 67 percent from the beginning of January 2020, when prices were approximately $62 per barrel, through the end of March 2020, when they were just above $20 per barrel. Overall crude oil price volatility has continued despite apparent agreement among OPEC+ regarding production cuts and as of June 17, 2020, the WTI price for a barrel of crude oil was approximately $38. Despite a significant decline in drilling and completion activities by U.S. producers starting in mid-March 2020, domestic supply is exceeding demand which has led to significant operational stress with respect to capacity limitations associated with storage, pipeline and refining infrastructure, particularly within the Gulf Coast region. The combined effect of the aforementioned factors is anticipated to have an adverse impact on the industry in general and our operations specifically. Since March 2020, we initiated several actions to mitigate the anticipated adverse economic conditions for the immediate future and to support our financial position and liquidity. The more significant actions that we have taken included: (i) canceling substantially all of our growth capital projects, (ii) significantly reducing our maintenance expenditures and field level consumable costs, (iii) reducing our workforce to follow our activity levels, (iv) efforts to manage our compensation costs, such as compensation reductions and management of work schedules to reduce overtime costs and (v) negotiating more favorable payment terms with certain of our larger vendors and proactively managing our portfolio of accounts receivable. Revenue Recognition The Company’s services are sold based upon contracts with customers. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. The following is a description of the principal activities, separated by reportable segment and all other, from which the Company generates its revenue. Pressure Pumping — Pressure pumping consists of downhole pumping services, which includes hydraulic fracturing (inclusive of acidizing services) and cementing. Hydraulic fracturing is a well-stimulation technique intended to optimize hydrocarbon flow paths during the completion phase of shale wellbores. The process involves the injection of water, sand and chemicals under high pressure into shale formations. Our hydraulic fracturing contracts have one performance obligation, contracted total stages, satisfied over time. We recognize revenue over time using a progress output method, unit-of-work performed method, which is based on the agreed fixed transaction price and actual stages completed. We believe that recognizing revenue based on actual stages completed faithfully depicts how our hydraulic fracturing services are transferred to our customers over time. Acidizing, which is part of our hydraulic fracturing operating segment, involves a well-stimulation technique where acid is injected under pressure into formations to form or expand fissures. Our acidizing contracts have one performance obligation, satisfied at a point-in-time, upon completion of the contracted service when control is transferred to the customer. Jobs for these services are typically short term in nature, with most jobs completed in less than a day. We recognize acidizing revenue at a point-in-time, upon completion of the performance obligation. Our cementing services use pressure pumping equipment to deliver a slurry of liquid cement that is pumped down a well between the casing and the borehole. Our cementing contracts have one performance obligation, satisfied at a point-in-time, upon completion of the contracted service when control is transferred to the customer. Jobs for these services are typically short term in nature, with most jobs completed in less than a day. We recognize cementing revenue at a point-in-time, upon completion of the performance obligation. The transaction price for each performance obligation for all our pressure pumping services is fixed per our contracts with our customers. All Other — All other consists of our coil tubing, drilling and flowback, which are all downhole well stimulation and completion/remedial services. The performance obligation for each of the services has a fixed transaction price which is satisfied at a point-in-time upon completion of the service when control is transferred to the customer. Accordingly, we recognize revenue at a point-in-time, upon completion of the service and transfer of control to the customer. Accounts Receivable Accounts receivables are stated at the amount billed and billable to customers. At September 30, 2019 and December 31, 2018 , accrued revenue (unbilled receivable) included as part of our accounts receivable was $34.9 million and $18.0 million , respectively. At September 30, 2019 , the transaction price allocated to the remaining performance obligation for our partially completed hydraulic fracturing operations was $32.1 million , which is expected to be completed and recognized in one month following the current period balance sheet date, in our pressure pumping reportable segment.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Issued Accounting Standards Adopted in 2019 In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2016-02, Leases . This new lease standard introduces a lessee model that brings most leases on the balance sheet. This new standard increases transparency and comparability by recognizing a lessee’s rights and obligations resulting from leases by recording them on the balance sheet as Right of Use ("ROU") Assets and Lease Liabilities. Leases will be classified as either finance or operating, which will impact the pattern of expense recognition on the income statement. This ASU also requires additional qualitative and quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Effective January 1, 2019, we adopted the new leases standard using the modified retrospective transition method and electing to account for comparative periods under legacy GAAP. We also elected other practical expedients provided by the new leases standard, the short-term lease recognition practical expedient in which leases with an initial term of 12 months or less will not be recognized on the balance sheet and the practical expedient to not separate lease and non-lease components for our real estate class of leased assets. See Note 9 for additional disclosures relating to our adoption of ASU 2016-02. Recently Issued Accounting Standards Not Yet Adopted in 2019 In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments , 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 and lease receivables. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses , which clarified that receivables arising from operating leases are not within the scope of ASC 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost , and should be accounted for in accordance with ASC 842. ASU 2016-13 and ASU 2018-19 are effective for annual periods beginning after December 15, 2019. Effective January 1, 2020, the Company adopted ASU 2016-13 using the modified-retrospective approach. The adoption of this guidance did not materially affect our consolidated financial statements. While there was no material impact to the financial statements as a result of adoption of ASU 2016-13, as a result of deteriorating economic conditions for the oil and gas industry brought on by the COVID-19 pandemic, during the first quarter of 2020 the Company recorded a provision for credit losses of $4.3 million . In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment , which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step two of the goodwill impairment test. As a result, under this ASU, an entity would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, although the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU is effective for impairment tests in fiscal years beginning after December 15, 2019, on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance did not materially affect the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, F air 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. The Company adopted ASU 2018-13 on January 1, 2020 and determined the adoption of this standard did not impact the Company’s condensed consolidated financial statements. In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles. ASU 2019-12 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company does not expect ASU 2019-12 to have a material effect on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform , which provides temporary optional guidance to companies impacted by the transition away from the London Interbank Offered Rate (“LIBOR”). The guidance provides certain expedients and exceptions to applying GAAP in order to lessen the potential accounting burden when contracts, hedging relationships, and other transactions that reference LIBOR as a benchmark rate are modified. This guidance is effective upon issuance and expires on December 31, 2022. The Company is currently assessing the impact of the LIBOR transition and this ASU on the Company’s condensed consolidated financial statements.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches and establishes a hierarchy for inputs used in measuring fair value that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used, when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions other market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows: Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these instruments does not entail a significant degree of judgment. Level 2 — Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3 — Valuations based on inputs that are unobservable and significant to the overall fair value measurement. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Assets and Liabilities Measured at Fair Value on a Recurring Basis Our financial instruments include cash and cash equivalents, accounts receivable and accounts payable, accrued expenses and long-term debt. The estimated fair value of our financial instruments at September 30, 2019 and December 31, 2018 approximated or equaled their carrying values as reflected in our condensed consolidated balance sheets. Assets Measured at Fair Value on a Nonrecurring Basis No assets were measured at fair value on a nonrecurring basis at September 30, 2019 and December 31, 2018 , respectively. No impairment of property and equipment was recorded during the nine months ended September 30, 2019 and 2018 . We generally apply fair value techniques to our reporting units on a nonrecurring basis associated with valuing potential impairment loss related to goodwill. Our estimate of the reporting unit fair value is based on a combination of income and market approaches, Level 1 and 3, respectively, in the fair value hierarchy. The income approach involves the use of a discounted cash flow method, with the cash flow projections discounted at an appropriate discount rate. The market approach involves the use of comparable public companies' market multiples in estimating the fair value. Significant assumptions include projected revenue growth, capital expenditures, utilization, gross margins, discount rates, terminal growth rates, and weight allocation between income and market approaches. If the reporting unit's carrying amount exceeds its fair value, we consider goodwill impaired, and the impairment loss is calculated and recorded in the period. There were no additions to, or disposal of, goodwill during the nine months ended September 30, 2019 and 2018 . At December 31, 2018 , we determined our goodwill carrying value not to be impaired as per our annual impairment test.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt ABL Credit Facility Our revolving credit facility (“ABL Credit Facility”), as amended, has a total borrowing capacity of $300 million (subject to the Borrowing Base limit), with a maturity date of December 19, 2023. The ABL Credit Facility has a borrowing base, as determined monthly, of 85% of monthly eligible accounts receivable less customary reserves (the "Borrowing Base"). The Borrowing Base as of September 30, 2019 was approximately $191.1 million . The ABL Credit Facility includes a Springing Fixed Charge Coverage Ratio to apply when excess availability is less than the greater of (i) 10% of the lesser of the facility size or the Borrowing Base or (ii) $22.5 million . Under this facility we are required to comply, subject to certain exceptions and materiality qualifiers, with certain customary affirmative and negative covenants, including, but not limited to, covenants pertaining to our ability to incur liens, indebtedness, changes in the nature of our business, mergers and other fundamental changes, disposal of assets, investments and restricted payments, amendments to our organizational documents or accounting policies, prepayments of certain debt, dividends, transactions with affiliates, and certain other activities. Borrowings under the ABL Credit Facility are secured by a first priority lien and security interest in substantially all assets of the Company. Borrowings under the ABL Credit Facility accrue interest based on a three-tier pricing grid tied to availability, and we may elect for loans to be based on either LIBOR or base rate, plus the applicable margin, which ranges from 1.75% to 2.25% for LIBOR loans and 0.75% to 1.25% for base rate loans, with a LIBOR floor of zero . The weighted average interest rate for our ABL Credit Facility for the nine months ended September 30, 2019 was 4.4% . In March 2020, we obtained a waiver from our lenders under the ABL Credit Facility to extend the time period for us to provide our lenders the Company’s audited financial statements for the year ended December 31, 2019 to July 31, 2020. Total debt consisted of the following at September 30, 2019 and December 31, 2018 , respectively: ($ in thousands) 2019 2018 ABL Credit Facility $ 130,000 $ 70,000 Total debt 130,000 70,000 Less current portion of long-term debt — — Total long-term debt $ 130,000 $ 70,000 The loan origination costs relating to the ABL Credit Facility are classified as an asset in our balance sheet. Annual Maturities — Scheduled remaining annual maturities of total debt are as follows at September 30, 2019 : ($ in thousands) 2019 $ — 2020 — 2021 — 2022 — 2023 and thereafter 130,000 Total $ 130,000

Reportable Segment Information

Reportable Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reportable Segment Information	Reportable Segment Information The Company has five operating segments for which discrete financial information is readily available: hydraulic fracturing (inclusive of acidizing), cementing, coil tubing, flowback, and drilling. These operating segments represent how the Chief Operating Decision Maker evaluates performance and allocates resources. In accordance with Accounting Standards Codification ("ASC") 280— Segment Reporting , the Company has one reportable segment (pressure pumping) comprised of the hydraulic fracturing and cementing operating segments. All other operating segments and corporate administrative expense (inclusive of our total income tax expense and interest expense) are included in the ‘‘all other’’ category in the table below. Total corporate administrative expense for the three and nine months ended September 30, 2019 was $30.1 million and $87.3 million , respectively. The corporate administrative expense for the three and nine months ended September 30, 2018 was $21.6 million and $59.6 million , respectively. Our hydraulic fracturing operating segment revenue approximated 95.7% and 95.7% of our pressure pumping revenue during the three and nine months ended September 30, 2019 , respectively. During the three and nine months ended September 30, 2018 , our hydraulic fracturing operating segment revenue approximated 94.9% and 95.5% of our pressure pumping revenue, respectively. Inter-segment revenues are not material and are not shown separately in the table below. The Company manages and assesses the performance of the reportable segment by its adjusted EBITDA (earnings before other income (expense), interest, taxes, depreciation and amortization, stock-based compensation expense, severance, impairment expense, (gain)/loss on disposal of assets and other unusual or nonrecurring expenses or (income)). A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below ($ in thousands): Three Months Ended September 30, 2019 Pressure Pumping All Other Total Service revenue $ 528,851 $ 12,996 $ 541,847 Adjusted EBITDA $ 134,789 $ (2,894 ) $ 131,895 Depreciation and amortization $ 36,110 $ 1,543 $ 37,653 Goodwill at September 30, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 83,770 $ 3,189 $ 86,959 Total assets at September 30, 2019 $ 1,399,865 $ 56,178 $ 1,456,043 Three Months Ended September 30, 2018 Pressure Pumping All Other Total Service revenue $ 421,436 $ 12,605 $ 434,041 Adjusted EBITDA $ 105,069 $ (1,701 ) $ 103,368 Depreciation and amortization $ 22,026 $ 1,191 $ 23,217 Goodwill at December 31, 2018 $ 9,425 $ — $ 9,425 Capital expenditures $ 73,143 $ 1,060 $ 74,203 Total assets at December 31, 2018 $ 1,230,830 $ 43,692 $ 1,274,522 Nine Months Ended September 30, 2019 Pressure Pumping All Other Total Service revenue $ 1,576,781 $ 40,740 $ 1,617,521 Adjusted EBITDA $ 417,017 $ (8,283 ) $ 408,734 Depreciation and amortization $ 101,916 $ 4,336 $ 106,252 Goodwill at September 30, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 322,347 $ 11,978 $ 334,325 Total assets at September 30, 2019 $ 1,399,865 $ 56,178 $ 1,456,043 Nine Months Ended September 30, 2018 Pressure Pumping All Other Total Service revenue $ 1,242,286 $ 36,862 $ 1,279,148 Adjusted EBITDA $ 281,951 $ (5,871 ) $ 276,080 Depreciation and amortization $ 59,830 $ 3,598 $ 63,428 Goodwill at December 31, 2018 $ 9,425 $ — $ 9,425 Capital expenditures $ 218,113 $ 6,586 $ 224,699 Total assets at December 31, 2018 $ 1,230,830 $ 43,692 $ 1,274,522 Reconciliation of net income (loss) to adjusted EBITDA ($ in thousands): Three Months Ended September 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 65,961 $ (31,564 ) $ 34,397 Depreciation and amortization 36,110 1,543 37,653 Interest expense 21 1,728 1,749 Income tax expense — 12,340 12,340 Loss on disposal of assets 30,987 166 31,153 Stock-based compensation — 577 577 Other expense — 75 75 Other general and administrative expense (1) — 10,786 10,786 Retention bonus and severance expense 1,710 1,455 3,165 Adjusted EBITDA $ 134,789 $ (2,894 ) $ 131,895 Three Months Ended September 30, 2018 Pressure Pumping All Other Total Net income (loss) $ 66,493 $ (20,208 ) $ 46,285 Depreciation and amortization 22,026 1,191 23,217 Interest expense — 1,480 1,480 Income tax expense — 13,592 13,592 Loss on disposal of assets 16,117 290 16,407 Stock-based compensation — 1,631 1,631 Other expense — 93 93 Deferred IPO bonus expense 433 230 663 Adjusted EBITDA $ 105,069 $ (1,701 ) $ 103,368 Nine Months Ended September 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 228,285 $ (87,950 ) $ 140,335 Depreciation and amortization 101,916 4,336 106,252 Interest expense 43 5,635 5,678 Income tax expense — 44,504 44,504 Loss on disposal of assets 81,110 468 81,578 Stock-based compensation — 5,246 5,246 Other expense — 539 539 Other general and administrative expense (1) — 17,326 17,326 Deferred IPO, retention bonus and severance expense 5,663 1,613 7,276 Adjusted EBITDA $ 417,017 $ (8,283 ) $ 408,734 Nine Months Ended September 30, 2018 Pressure Pumping All Other Total Net income (loss) $ 176,952 $ (54,868 ) $ 122,084 Depreciation and amortization 59,830 3,598 63,428 Interest expense — 4,973 4,973 Income tax expense — 35,998 35,998 Loss (gain) on disposal of assets 43,768 (707 ) 43,061 Stock-based compensation — 3,832 3,832 Other expense — 505 505 Other general and administrative expense (1) 2 18 20 Deferred IPO bonus expense 1,399 780 2,179 Adjusted EBITDA $ 281,951 $ (5,871 ) $ 276,080 (1) Other general and administrative expense primarily relates to professional fees paid to external consultants in connection with the Company's expanded audit committee review and advisory services in 2019, and legal settlement in 2018.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share Basic net income per common share is computed by dividing the net income relevant to the common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per common share uses the same net income divided by the sum of the weighted average number of shares of common stock outstanding during the period, plus dilutive effects of options, performance and restricted stock units outstanding during the period calculated using the treasury method and the potential dilutive effects of preferred stocks (if any) calculated using the if-converted method. The table below shows the calculations for the three and nine months ended September 30, 2019 and 2018 (in thousands, except for per share data) . Three Months Ended September 30, 2019 2018 Numerator (both basic and diluted) Net income relevant to common stockholders $ 34,397 $ 46,285 Denominator Denominator for basic income per share 100,606 83,544 Dilutive effect of stock options 2,750 3,039 Dilutive effect of performance share units 184 225 Dilutive effect of restricted stock units 112 70 Denominator for diluted income per share 103,652 86,878 Basic income per common share $ 0.34 $ 0.55 Diluted income per common share $ 0.33 $ 0.53 Nine Months Ended September 30, 2019 2018 Numerator (both basic and diluted) Net income relevant to common stockholders $ 140,335 $ 122,084 Denominator Denominator for basic income per share 100,423 83,359 Dilutive effect of stock options 3,114 3,355 Dilutive effect of performance share units 183 218 Dilutive effect of restricted stock units 268 221 Denominator for diluted income per share 103,988 87,153 Basic income per common share $ 1.40 $ 1.46 Diluted income per common share $ 1.35 $ 1.40 There were no anti-dilutive stock options, performance share units and restricted stock units during the nine months ended September 30, 2019 and 2018 . A total of 702,170 stock options outstanding as of September 30, 2019 was not included in our calculation of diluted income per common share for the three months ended September 30, 2019 because the options' exercise price was greater than the average market price of our common shares.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Options A summary of the stock option activity for the nine months ended September 30, 2019 is presented below. Number Weighted Outstanding at January 1, 2019 4,557,186 $ 5.14 Granted — $ — Exercised (212,242 ) $ 5.49 Forfeited (20,011 ) $ 14.00 Expired — $ — Outstanding at September 30, 2019 4,324,933 $ 5.08 Exercisable at September 30, 2019 3,967,091 $ 4.28 There were no new stock option grants during the nine months ended September 30, 2019 and 2018 . As of September 30, 2019 , the aggregate intrinsic value for our outstanding stock options was $20.8 million , and the aggregate intrinsic value for our exercisable stock options was $20.8 million . The aggregate intrinsic value for the exercised stock options during the nine months ended September 30, 2019 was $2.9 million . The remaining exercise period for the outstanding and exercisable stock options as of September 30, 2019 , was 5.1 years and 5.0 years , respectively. For the nine months ended September 30, 2019 and 2018 , we recognized $0.4 million and $0.5 million , respectively, in stock compensation expense related to these stock option awards. Restricted Stock Units During the nine months ended September 30, 2019 , we granted a total of 385,661 restricted stock units ("RSUs") to employees, officers and directors pursuant to the ProPetro Holding Corp. 2017 Incentive Award Plan (the "Incentive Plan"), which generally vest ratably over a three -year vesting period, in the case of awards to employees and officers, and generally vest in full after one year, in the case of awards to directors. RSUs are subject to restrictions on transfer and are generally subject to a risk of forfeiture if the award recipient ceases to be an employee or director of the Company prior to vesting of the award. Each RSU represents the right to receive one share of common stock. The grant date fair value of the RSUs is based on the closing share price of our common stock on the date of grant. During the nine months ended September 30, 2019 and 2018 , the recorded stock compensation expense for all RSUs was $2.3 million and $2.0 million , respectively. As of September 30, 2019 , the total unrecognized compensation expense for all RSUs was approximately $7.4 million , and is expected to be recognized over a weighted average period of approximately 2.0 years . The following table summarizes RSUs activity during the nine months ended September 30, 2019 : Number of Weighted Outstanding at January 1, 2019 473,505 $ 16.52 Granted 385,661 $ 20.95 Vested (214,872 ) $ 15.89 Forfeited (58,619 ) $ 18.72 Canceled — $ — Outstanding at September 30, 2019 585,675 $ 19.45 Performance Share Units During the nine months ended September 30, 2019 , we granted 199,413 performance share units ("PSUs") to certain key employees and officers under the Incentive Plan. The actual number of shares of common stock that may be issued under the PSUs ranges from 0% up to a maximum of 200% of the target number of PSUs granted to the participant, based on our total shareholder return ("TSR") relative to a designated peer group, generally at the end of a three year period. In addition to the TSR conditions, vesting of the PSUs is generally subject to the recipient’s continued employment through the end of the applicable performance period. Compensation expense is recorded ratably over the corresponding requisite service period. The grant date fair value of PSUs is determined using a Monte Carlo probability model. Grant recipients do not have any shareholder rights until performance relative to the peer group has been determined following the completion of the performance period and shares have been issued. During the nine months ended September 30, 2019 and 2018 , the recorded stock compensation expense for the PSUs was $2.6 million and $1.3 million , respectively. The following table summarizes information about PSUs activity during the nine months ended September 30, 2019 : Period Target Shares Target Target Shares Vested Target Target Shares Outstanding at September 30, 2019 Weighted 2017 169,635 — — (18,143 ) 151,492 $ 10.73 2018 178,975 — — (17,341 ) 161,634 $ 27.51 2019 — 199,413 — (18,676 ) 180,737 $ 34.82 Total 348,610 199,413 — (54,160 ) 493,863 $ 25.04 The total stock compensation expense for the nine months ended September 30, 2019 and 2018 for all stock awards was $5.2 million and $3.8 million , respectively. The total unrecognized compensation expense as of September 30, 2019 was approximately $15.4 million , and is expected to be recognized over a weighted average period of approximately 1.9

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions Corporate Office Building The Company rents its corporate office building and the associated real property from an entity, in which a former executive officer of the Company has an equity interest. The rent expense incurred on our corporate office building is approximately $0.1 million per year. During the nine months ended September 30, 2019 , the total improvements on our corporate office building that we rent from the related party was $1.3 million . In April 2020, the Company acquired the corporate office building and associated real property for approximately $1.5 million . Operations and Maintenance Yards The Company also leases five yards from an entity, which certain former executive officers, an executive officer and a director of the Company have equity interests and total annual rent expense for each of the five yards was approximately $0.03 million , $0.03 million , $0.1 million , $0.1 million , and $0.2 million , respectively. The Company also leased a yard from another entity, which a certain executive officer of the Company has an equity interest, and with annual lease expense of $0.1 million . Subsequent to the issuance of the consolidated financial statements for the year ended December 31, 2018 we identified the following related party transaction. In 2018, the Company entered into a construction and purchase agreement for a maintenance facility for our pressure pumping operations with a developer. The developer for the maintenance facility was an equal partner with a former executive officer of the Company in a separate legal entity. The entity the former executive officer was associated with provided funding to the developer related to the construction of the maintenance facility. The construction and purchase cost of $2.3 million was paid to the developer during the year ended December 31, 2018. Transportation and Equipment Rental For the nine months ended September 30, 2019 and 2018 , the Company incurred costs for transportation services with an entity, in which a former executive officer of the Company had an equity interest, of approximately $0.2 million and $0.3 million , respectively. The Company also rented equipment in Elk City, Oklahoma for our flowback operations from an entity, which a former executive officer of the Company has an equity interest. During the nine months ended September 30, 2019 and 2018 , the Company incurred and paid $0.1 million and $0.1 million , respectively. This rental arrangement was terminated in January 2020. At September 30, 2019 and December 31, 2018 , the Company had $0 and $0.01 million in payables to the above related parties. PT Petroleum, LLC Subsequent to the issuance of the consolidated financial statements for the year ended December 31, 2018 we identified the following related party transaction. During the nine months ended September 30, 2018 , the Company provided services to PT Petroleum, LLC, an entity in which a director was an officer, of approximately $16.7 million . Pioneer On December 31, 2018, we consummated the purchase of certain pressure pumping assets and real property from Pioneer Natural Resources USA, Inc. ("Pioneer") and Pioneer Pressure Pumping Services, LLC (the Pioneer Pressure Pumping Acquisition). The acquisition cost of the assets was comprised of approximately $110.0 million of cash and 16.6 million shares of our common stock. In addition, we entered into a real estate lease for a crew camp facility with Pioneer, as disclosed in Note 9. The real estate lease for the crew camp was terminated in July 2019. In connection with the consummation of the transaction, we became a long-term service provider to Pioneer, providing pressure pumping and related services for a term of up to ten years. Revenue from services provided to Pioneer accounted for approximately $120.7 million and $17.8 million of our total revenue during the three months ended September 30, 2019 and 2018 , respectively. Revenue from services provided to Pioneer accounted for approximately $407.8 million and $56.0 million of our total revenue during the nine months ended September 30, 2019 and 2018 , respectively. During the nine months ended September 30, 2019 , the Company reimbursed Pioneer approximately $2.9 million for our portion of the retention bonuses paid to former Pioneer employees that were subsequently employed by the Company and also Pioneer reimbursed the Company approximately $2.5 million for severance payments made on their behalf, in connection with the Pioneer Pressure Pumping Acquisition. As of September 30, 2019 , the total accounts receivable due from Pioneer, including estimated unbilled receivable for services we provided, amounted to $76.1 million and the amount due to Pioneer was $0 . As of December 31, 2018 , the balance due from Pioneer for services provided and billed amounted to $15.7 million and the amount due to Pioneer was $109.8 million

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases On January 1, 2019, we implemented ASC 842, using the modified transition approach and elected not to restate prior years. Accordingly, the effects of adopting ASC 842 were adjusted in the beginning of 2019 while prior periods are accounted for under the legacy GAAP, ASC 840. There was no cumulative effect adjustment on beginning retained earnings. We also elected other practical expedients provided by the new leases standard, the short-term lease recognition practical expedient in which leases with a term of twelve months or less will not be recognized on the balance sheet and the practical expedient to not separate lease and non-lease components for real estate class of assets. Our discount rate was based on our estimated incremental borrowing rate on a collateralized basis with similar terms and economic considerations as our lease payments at the lease commencement. Below is a description of our operating and finance leases. Operating Leases Description of Lease In March 2013, we entered into a ten year real estate lease contract (the "Real Estate Lease") with a commencement date of April 1, 2013, as part of the expansion of our equipment yard. The lease is with an entity in which a director of the Company has a noncontrolling equity ownership interest. During the nine months ended September 30, 2019 and 2018 , the Company made lease payments of approximately $0.3 million and $0.3 million , respectively. The assets and liabilities under this contract are equally allocated between our cementing and coiled tubing segments. In addition to the contractual lease period, the contract includes an optional renewal of up to ten years, and in management's judgment the exercise of the renewal option is not reasonably assured. The contract does not include a residual value guarantee, covenants or financial restrictions. Further, the Real Estate Lease does not contain variability in payments resulting from either an index change or rate change. Effective January 1, 2019, the remaining lease term in our present value estimate of the minimum future lease payments was four years. In January 2019, we entered into a four year real estate lease contract with Pioneer Natural Resources USA, Inc. (the "Crew Camp Lease") with a commencement date of January 1, 2019 for purposes of providing housing to company personnel. The contract does not include a residual value guarantee, covenants or financial restrictions. Further, the Crew Camp Lease does not contain variability in payments resulting from either an index change or rate change. The lease term used in our estimate of the present value of the minimum future lease payments for the purpose of determining our right-of-use asset and lease obligation was four years. We determined the Crew Camp Lease to be an operating lease. However, effective July 1, 2019, the Crew Camp Lease was terminated in connection with our disposal of our camp assets located at the leased real estate for $5.0 million . In connection with the Crew Camp Lease termination, we derecognized the right-of-use asset and lease liability of $0.5 million and $0.5 million , respectively. The total operating lease cost recorded during the nine months ended September 30, 2019 , in connection with the Crew Camp Lease was $0.1 million . Effective July 1, 2019, we disposed of our camp assets to Target Logistics Management and entered into a twelve month lease (the "Lodging Lease"), which we determined to be a short-term lease, to rent a certain number of rooms daily, including related services, for a fixed rate and accordingly, we recorded a gain on sale in our statement of operations during the three and nine months ended September 30, 2019 of approximately $4.2 million . Consistent with the requirements of the new lease standard, ASC 842, we have determined the Real Estate Lease to be an operating lease. Our assumptions resulted from the existence of the right to control the use of the assets throughout the lease term. We did not account for the land separately from the building of the real estate lease because we concluded that the accounting effect was insignificant. As of September 30, 2019 , the weighted average discount rate and remaining lease term was 6.7% and 3.5 years , respectively. As of September 30, 2019 , our total operating lease right-of-use asset cost was $1.2 million , and accumulated amortization was $0.2 million . For the nine months ended September 30, 2019 , we recorded operating lease cost of $0.3 million in our statement of operations. During the nine months ended September 30, 2018 , our operating lease expense, under legacy GAAP, ASC 840, was $1.2 million . Finance Leases Description of Ground Lease In 2018, we entered into a ten year land lease contract (the "Ground Lease") with an exclusive option to purchase the land exercisable beginning one year from the commencement date of October 1, 2018 through the end of the contractual lease term. The Ground Lease does not include any residual value guarantee, covenants or financial restrictions. Further, the Ground Lease does not contain variability in payments resulting from either an index change or rate change. The remaining lease term used in our estimate of the present value of the minimum future lease payments for the purpose of determining our right-of-use asset and lease obligation was 0.9 years , assuming we will exercise our option to purchase the land immediately after the option becomes exercisable. Consistent with the requirements of the new lease standard, ASC 842, we have determined the Ground Lease to be a finance lease. Our assumptions resulted from the existence of the right to control the use of the land for a period of time and the option to purchase the land, which we are reasonably certain of exercising shortly after one year from the commencement date. As of September 30, 2019 , the weighted average discount rate and remaining lease term was 4.3% and 0.1 years , respectively. As of September 30, 2019 , our net finance lease right-of-use asset included as part of property and equipment in our consolidated balance sheet consists of a cost of $3.1 million and accumulated amortization of $0 . For the nine months ended September 30, 2019 , no amortization was recorded on the land under the finance lease and the interest on our finance lease for the nine months ended September 30, 2019 was $0.1 million . No amortization was recorded in the period for our finance lease right-of-use asset because it is comprised of land only. The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for operating and finance leases as of September 30, 2019 are as follows: Leases ($ in thousands) Operating Finance 2019 $ 90 $ 2,927 2020 366 — 2021 377 — 2022 389 — 2023 97 — Total undiscounted future lease payments 1,319 2,927 Less: amount representing interest (148 ) (10 ) Present value of future lease payments (lease obligation) $ 1,171 $ 2,917 The total cash paid for amounts included in the measurement of our operating and finance lease liabilities during the nine months ended September 30, 2019 was $0.3 million and $0.3 million , respectively. The non-cash lease obligation we recorded effective January 1, 2019, upon adopting the new lease standard, ASC 842, was $2.0 million and $3.1 million for operating and finance leases, respectively. The non-cash changes to our lease liabilities during the nine months ended September 30, 2019 , relate to the derecognition of the lease liability of $0.5 million , in connection with the Crew Camp Lease termination on July 1, 2019. In March 2020, the Company exercised its option and purchased the land associated with the Ground Lease. Short-Term Leases We elected the practical expedient, consistent with ASC 842, to exclude leases with an initial term of twelve months or less ("short-term leases") from our balance sheet and continue to record short-term leases as a period expense. For the nine months ended September 30, 2019 , our short-term asset lease and Lodging Lease expense was $1.0 million and $1.2 million , respectively. At September 30, 2019 , the total remaining lease commitments for all of our short-term lease was $5.4 million .
Leases	Leases On January 1, 2019, we implemented ASC 842, using the modified transition approach and elected not to restate prior years. Accordingly, the effects of adopting ASC 842 were adjusted in the beginning of 2019 while prior periods are accounted for under the legacy GAAP, ASC 840. There was no cumulative effect adjustment on beginning retained earnings. We also elected other practical expedients provided by the new leases standard, the short-term lease recognition practical expedient in which leases with a term of twelve months or less will not be recognized on the balance sheet and the practical expedient to not separate lease and non-lease components for real estate class of assets. Our discount rate was based on our estimated incremental borrowing rate on a collateralized basis with similar terms and economic considerations as our lease payments at the lease commencement. Below is a description of our operating and finance leases. Operating Leases Description of Lease In March 2013, we entered into a ten year real estate lease contract (the "Real Estate Lease") with a commencement date of April 1, 2013, as part of the expansion of our equipment yard. The lease is with an entity in which a director of the Company has a noncontrolling equity ownership interest. During the nine months ended September 30, 2019 and 2018 , the Company made lease payments of approximately $0.3 million and $0.3 million , respectively. The assets and liabilities under this contract are equally allocated between our cementing and coiled tubing segments. In addition to the contractual lease period, the contract includes an optional renewal of up to ten years, and in management's judgment the exercise of the renewal option is not reasonably assured. The contract does not include a residual value guarantee, covenants or financial restrictions. Further, the Real Estate Lease does not contain variability in payments resulting from either an index change or rate change. Effective January 1, 2019, the remaining lease term in our present value estimate of the minimum future lease payments was four years. In January 2019, we entered into a four year real estate lease contract with Pioneer Natural Resources USA, Inc. (the "Crew Camp Lease") with a commencement date of January 1, 2019 for purposes of providing housing to company personnel. The contract does not include a residual value guarantee, covenants or financial restrictions. Further, the Crew Camp Lease does not contain variability in payments resulting from either an index change or rate change. The lease term used in our estimate of the present value of the minimum future lease payments for the purpose of determining our right-of-use asset and lease obligation was four years. We determined the Crew Camp Lease to be an operating lease. However, effective July 1, 2019, the Crew Camp Lease was terminated in connection with our disposal of our camp assets located at the leased real estate for $5.0 million . In connection with the Crew Camp Lease termination, we derecognized the right-of-use asset and lease liability of $0.5 million and $0.5 million , respectively. The total operating lease cost recorded during the nine months ended September 30, 2019 , in connection with the Crew Camp Lease was $0.1 million . Effective July 1, 2019, we disposed of our camp assets to Target Logistics Management and entered into a twelve month lease (the "Lodging Lease"), which we determined to be a short-term lease, to rent a certain number of rooms daily, including related services, for a fixed rate and accordingly, we recorded a gain on sale in our statement of operations during the three and nine months ended September 30, 2019 of approximately $4.2 million . Consistent with the requirements of the new lease standard, ASC 842, we have determined the Real Estate Lease to be an operating lease. Our assumptions resulted from the existence of the right to control the use of the assets throughout the lease term. We did not account for the land separately from the building of the real estate lease because we concluded that the accounting effect was insignificant. As of September 30, 2019 , the weighted average discount rate and remaining lease term was 6.7% and 3.5 years , respectively. As of September 30, 2019 , our total operating lease right-of-use asset cost was $1.2 million , and accumulated amortization was $0.2 million . For the nine months ended September 30, 2019 , we recorded operating lease cost of $0.3 million in our statement of operations. During the nine months ended September 30, 2018 , our operating lease expense, under legacy GAAP, ASC 840, was $1.2 million . Finance Leases Description of Ground Lease In 2018, we entered into a ten year land lease contract (the "Ground Lease") with an exclusive option to purchase the land exercisable beginning one year from the commencement date of October 1, 2018 through the end of the contractual lease term. The Ground Lease does not include any residual value guarantee, covenants or financial restrictions. Further, the Ground Lease does not contain variability in payments resulting from either an index change or rate change. The remaining lease term used in our estimate of the present value of the minimum future lease payments for the purpose of determining our right-of-use asset and lease obligation was 0.9 years , assuming we will exercise our option to purchase the land immediately after the option becomes exercisable. Consistent with the requirements of the new lease standard, ASC 842, we have determined the Ground Lease to be a finance lease. Our assumptions resulted from the existence of the right to control the use of the land for a period of time and the option to purchase the land, which we are reasonably certain of exercising shortly after one year from the commencement date. As of September 30, 2019 , the weighted average discount rate and remaining lease term was 4.3% and 0.1 years , respectively. As of September 30, 2019 , our net finance lease right-of-use asset included as part of property and equipment in our consolidated balance sheet consists of a cost of $3.1 million and accumulated amortization of $0 . For the nine months ended September 30, 2019 , no amortization was recorded on the land under the finance lease and the interest on our finance lease for the nine months ended September 30, 2019 was $0.1 million . No amortization was recorded in the period for our finance lease right-of-use asset because it is comprised of land only. The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for operating and finance leases as of September 30, 2019 are as follows: Leases ($ in thousands) Operating Finance 2019 $ 90 $ 2,927 2020 366 — 2021 377 — 2022 389 — 2023 97 — Total undiscounted future lease payments 1,319 2,927 Less: amount representing interest (148 ) (10 ) Present value of future lease payments (lease obligation) $ 1,171 $ 2,917 The total cash paid for amounts included in the measurement of our operating and finance lease liabilities during the nine months ended September 30, 2019 was $0.3 million and $0.3 million , respectively. The non-cash lease obligation we recorded effective January 1, 2019, upon adopting the new lease standard, ASC 842, was $2.0 million and $3.1 million for operating and finance leases, respectively. The non-cash changes to our lease liabilities during the nine months ended September 30, 2019 , relate to the derecognition of the lease liability of $0.5 million , in connection with the Crew Camp Lease termination on July 1, 2019. In March 2020, the Company exercised its option and purchased the land associated with the Ground Lease. Short-Term Leases We elected the practical expedient, consistent with ASC 842, to exclude leases with an initial term of twelve months or less ("short-term leases") from our balance sheet and continue to record short-term leases as a period expense. For the nine months ended September 30, 2019 , our short-term asset lease and Lodging Lease expense was $1.0 million and $1.2 million , respectively. At September 30, 2019 , the total remaining lease commitments for all of our short-term lease was $5.4 million .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of December 31, 2018 , our required remaining lease payments under legacy GAAP, ASC 840, for each fiscal year are as follows. See Note 9 for additional lease disclosures under the new lease standard, ASC 842. ($ in thousands) 2019 $ 892 2020 721 2021 721 2022 721 2023 and thereafter 2,258 Total $ 5,313 In 2019, the Company entered into a fixed asset purchase agreement, as amended, with its equipment manufacturer. As of September 30, 2019 , the Company has outstanding agreements with its equipment manufacturer to purchase new hydraulic fracturing DuraStim® fleets, and an option to purchase additional DuraStim® fleets through April 30, 2021. The option fee of $6.1 million which we have classified as a deposit for property and equipment will be applied equally towards the purchase price of each additional DuraStim® fleet ordered. As of September 30, 2019 , the total outstanding remaining contractual obligation under the purchase agreement for the DuraStim® fleets, two turbines and related ancillary equipment was approximately $21.5 million . As of September 30, 2019 , other contracted capital commitments entered into as part of normal course of business for supply of certain equipment, including improvements of our corporate office building, was approximately $1.6 million . The Company enters into purchase agreements with its sand suppliers (the "Sand suppliers") to secure supply of sand as part of its normal course of business. The agreements with the Sand suppliers require that the Company purchase a minimum volume of sand, constituting substantially all of its sand requirements, from the Sand suppliers, otherwise certain penalties may be charged. Under certain of the purchase agreements, a shortfall fee applies if the Company purchases less than the minimum volume of sand. The shortfall fee represents liquidated damages and is either a fixed percentage of the purchase price for the minimum volumes or a fixed price per ton of unpurchased volumes. Under one of the purchase agreements, the Company is obligated to purchase a specified percentage of its overall sand requirements, or it must pay the supplier the difference between the purchase price of the minimum volumes under the purchase agreement and the purchase price of the volumes actually purchased. Our minimum volume commitments under the purchase agreements are either based on a percentage of our total usage or fixed minimum quantity. Our agreements with the Sand suppliers expire at different times prior to April 30, 2022. During the nine months ended September 30, 2019 and 2018 , no shortfall fee has been recorded. One of the Sand suppliers (“SandCo”) we entered into an agreement with to purchase sand (“Texas sand”) has an indirect relationship with a former executive officer of the Company, because beginning in 2018, the Texas sand was sourced from a mine located on land owned by an entity (“LandCo”) in which the former executive officer has a 44% noncontrolling equity interest in the LandCo. The total sand purchased from SandCo during the the nine months ended September 30, 2019 and 2018 was approximately $36.8 million and $1.6 million , respectively, and the estimated indirect benefit to the former executive officer of the Company was approximately $1.2 million and $0.1 million , respectively. As of September 30, 2019 , and December 31, 2018 , the Company had issued letters of credit of $1.5 million and $1.8 million , respectively, under the Company's ABL Credit Facility relating to the Company's casualty insurance policy. As of September 30, 2019 , our accrued severance relating to the resignation of a former officer of the Company was approximately $1.5 million , which was included as part of accrued and other current liabilities in our consolidated balance sheet and within our general and administrative expense in our statement of operations. On October 3, 2019, an officer of the Company resigned his position and the additional estimated future severance in connection with this resignation is approximately $0.5 million . Contingent Liabilities In September 2019, a complaint, captioned Richard Logan, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. ProPetro Holding Corp., et al., (the “Logan Lawsuit”), was filed against the Company and certain of its current and former officers and directors in the U.S. District Court for the Western District of Texas. In April 2020, Lead Plaintiffs Nykredit Portefølje Administration A/S, Oklahoma Firefighters Pension and Retirement System, Oklahoma Law Enforcement Retirement System, Oklahoma Police Pension and Retirement System, and Oklahoma City Employee Retirement System, and additional named plaintiff Police and Fire Retirement System of the City of Detroit, individually and on behalf of a putative class of shareholders who purchased the Company’s common stock between March 17, 2017 and March 13, 2020, filed a second amended class action complaint in the U.S. District Court for the Western District of Texas in the Logan Lawsuit, alleging violations of Sections 10(b) and 20(a) of the Exchange Act, as amended, and Rule l0b-5 promulgated thereunder, and Sections 11 and 15 of the Securities Act, as amended, based on allegedly inaccurate or misleading statements, or omissions of material facts, about the Company’s business, operations and prospects. In January 2020, Boca Raton Firefighters’ and Police Pension Fund (“Boca Raton”) filed a shareholder derivative suit in the U.S. District Court for the Western District of Texas (the “Boca Raton Lawsuit”) against certain of the Company’s current and former officers and directors (the “Boca Raton Defendants”). The Company was named as a nominal defendant only. The claims include (i) breaches of fiduciary duties, (ii) unjust enrichment and (iii) contribution. Boca Raton did not quantify any alleged damages in its complaint but, in addition to attorneys’ fees and costs, Boca Raton seeks various forms of relief, including (i) damages sustained by the Company as a result of the Boca Raton Defendants’ alleged misconduct, (ii) punitive damages and (iii) equitable relief in the form of improvements to the Company’s governance and controls. In April 2020, Jye-Chun Chang filed a shareholder derivative suit in the U.S. District Court for the Western District of Texas (the “Chang Lawsuit”) against certain of the Company’s current and former officers and directors (the “Chang Defendants”). The Company was named as a nominal defendant only. The claims include (i) violations of section 14(a) of the Exchange Act, (ii) breach of fiduciary duties, (iii) unjust enrichment, (iv) abuse of control, (v) gross mismanagement and (vi) waste of corporate assets. Chang did not quantify any alleged damages in its complaint but, in addition to attorneys’ fees and costs, Chang seeks various forms of relief, including (i) declaring that Chang may sustain the action on behalf of the Company, (ii) declaring that the Chang Defendants breached their fiduciary duties to the Company, (iii) damages sustained by the Company as a result of the Chang Defendants’ alleged misconduct, (iv) equitable relief in the form of improvements to the Company’s governance and controls and (v) restitution. In October 2019, the Company received a letter from the SEC indicating that the SEC had opened an investigation into the Company and requesting that the Company provide certain information and documents, including documents related to the Company's expanded audit committee review and related events. The Company has cooperated and expects to continue to cooperate with the SEC’s investigation. We are presently unable to predict the duration, scope or result of the Logan Lawsuit, the Boca Raton Lawsuit, the Chang Lawsuit, the SEC investigation, or any other related lawsuit or investigation. As of September 30, 2019 , no provision was made by the Company in connection with these pending lawsuits and the SEC investigation as they are still at early stages and the final outcomes cannot be reasonably estimated. Environmental The Company is subject to various federal, state and local environmental laws and regulations that establish standards and requirements for protection of the environment. The Company cannot predict the future impact of such standards and requirements, which are subject to change and can have retroactive effectiveness. The Company continues to monitor the status of these laws and regulations. Currently, the Company has not been fined, cited or notified of any environmental violations that would have a material adverse effect upon its financial position, liquidity or capital resources. However, management does recognize that by the very nature of the Company's business, material costs could be incurred in the near term to maintain compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible regulation or liabilities, the unknown timing and extent of the corrective actions which may be required, the determination of the Company's liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnification. Regulatory Audits In 2019, the Texas Comptroller of Public Accounts commenced a routine audit of the Company's gross receipts and sales, excise and use taxes for the periods of July 2015 through December 2018. As of September 30, 2019 , although the audit is still ongoing, we do not believe that any material tax liability will arise from the audit.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Stockholder Rights Plan On April 10, 2020, the board of directors of the Company adopted a short-term stockholder rights plan (the “Rights Plan”). The Rights Plan provides for the issuance of one right for each outstanding share of the Company’s common stock held by stockholders of record on April 24, 2020. In general, the rights will become exercisable only if a person or group acquires beneficial ownership of 10% (or 20% in the case of certain passive investors) or more of the Company’s outstanding common stock or announces a tender or exchange offer that would result in such ownership. If the rights become exercisable, all holders of rights (other than any triggering person) will be entitled to acquire shares of common stock at a 50% discount, or the Company may exchange each right held by such holders for one share of common stock. The Rights Plan will expire on March 31, 2021. The Rights Plan may also be terminated, or the rights may be redeemed, prior to the scheduled expiration of the Rights Plan under certain other circumstances. Impairments In the fourth quarter of 2019, management determined that the demand for vertical rigs and flowback services in the Permian Basin continued to be depressed. The Company's (i) vertical drilling rigs were not more likely than not to be utilized in the foreseeable future and (ii) flowback assets were having a deterioration in utilization. As such we expect to record impairment charges of approximately $3.4 million in the fourth quarter of 2019. During the first quarter of 2020, management determined the reductions in commodity prices driven by the potential impact of the novel COVID-19 virus and global supply and demand dynamics coupled with the sustained decrease in the Company’s share price were triggering events for goodwill and asset impairment. As a result of the triggering events, we performed an interim goodwill impairment test on the hydraulic fracturing reporting unit and a recoverability tests on each of the assets groups. As a result, we expect to recognize impairments and charges in the first quarter of 2020 as follows: • goodwill impairment of approximately $9.4 million ; • drilling asset group impairment of approximately $1.1 million as a result of our recoverability tests; and • write-off of $6.1 million of deposits related to options to purchase additional DuraStim® equipment for which options expire at various times through the end of April 2021 as it is not probable we would exercise our options due to the events describe above. If the depressed oil prices and the current economic conditions remain for a longer period of time, actual results may differ from estimates and future assumptions may change resulting in additional impairment charges in the future.

Basis of Presentation - (Polici

Basis of Presentation - (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements of ProPetro Holding Corp. and its subsidiary (the "Company," "we," "us" or "our") have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission ("SEC") for interim financial information and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America ("GAAP") for annual financial statements. Those adjustments (which consisted of normal recurring accruals) that are, in the opinion of management, necessary for a fair presentation of the results of the interim periods have been made. Results of operations for such interim periods are not necessarily indicative of the results of operations for a full year due to changes in market conditions and other factors. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 included in our Form 10-K (our "Form 10-K").
Revenue Recognition	Revenue Recognition The Company’s services are sold based upon contracts with customers. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. The following is a description of the principal activities, separated by reportable segment and all other, from which the Company generates its revenue. Pressure Pumping — Pressure pumping consists of downhole pumping services, which includes hydraulic fracturing (inclusive of acidizing services) and cementing. Hydraulic fracturing is a well-stimulation technique intended to optimize hydrocarbon flow paths during the completion phase of shale wellbores. The process involves the injection of water, sand and chemicals under high pressure into shale formations. Our hydraulic fracturing contracts have one performance obligation, contracted total stages, satisfied over time. We recognize revenue over time using a progress output method, unit-of-work performed method, which is based on the agreed fixed transaction price and actual stages completed. We believe that recognizing revenue based on actual stages completed faithfully depicts how our hydraulic fracturing services are transferred to our customers over time. Acidizing, which is part of our hydraulic fracturing operating segment, involves a well-stimulation technique where acid is injected under pressure into formations to form or expand fissures. Our acidizing contracts have one performance obligation, satisfied at a point-in-time, upon completion of the contracted service when control is transferred to the customer. Jobs for these services are typically short term in nature, with most jobs completed in less than a day. We recognize acidizing revenue at a point-in-time, upon completion of the performance obligation. Our cementing services use pressure pumping equipment to deliver a slurry of liquid cement that is pumped down a well between the casing and the borehole. Our cementing contracts have one performance obligation, satisfied at a point-in-time, upon completion of the contracted service when control is transferred to the customer. Jobs for these services are typically short term in nature, with most jobs completed in less than a day. We recognize cementing revenue at a point-in-time, upon completion of the performance obligation. The transaction price for each performance obligation for all our pressure pumping services is fixed per our contracts with our customers. All Other — All other consists of our coil tubing, drilling and flowback, which are all downhole well stimulation and completion/remedial services. The performance obligation for each of the services has a fixed transaction price which is satisfied at a point-in-time upon completion of the service when control is transferred to the customer. Accordingly, we recognize revenue at a point-in-time, upon completion of the service and transfer of control to the customer.
Accounts Receivable	Accounts Receivable
Fair Value Measurement	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches and establishes a hierarchy for inputs used in measuring fair value that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used, when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions other market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the observability of inputs as follows: Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these instruments does not entail a significant degree of judgment. Level 2 — Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3 — Valuations based on inputs that are unobservable and significant to the overall fair value measurement. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Assets and Liabilities Measured at Fair Value on a Recurring Basis Our financial instruments include cash and cash equivalents, accounts receivable and accounts payable, accrued expenses and long-term debt. The estimated fair value of our financial instruments at September 30, 2019 and December 31, 2018 approximated or equaled their carrying values as reflected in our condensed consolidated balance sheets.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Issued Accounting Standards Adopted in 2019 In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2016-02, Leases . This new lease standard introduces a lessee model that brings most leases on the balance sheet. This new standard increases transparency and comparability by recognizing a lessee’s rights and obligations resulting from leases by recording them on the balance sheet as Right of Use ("ROU") Assets and Lease Liabilities. Leases will be classified as either finance or operating, which will impact the pattern of expense recognition on the income statement. This ASU also requires additional qualitative and quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Effective January 1, 2019, we adopted the new leases standard using the modified retrospective transition method and electing to account for comparative periods under legacy GAAP. We also elected other practical expedients provided by the new leases standard, the short-term lease recognition practical expedient in which leases with an initial term of 12 months or less will not be recognized on the balance sheet and the practical expedient to not separate lease and non-lease components for our real estate class of leased assets. See Note 9 for additional disclosures relating to our adoption of ASU 2016-02. Recently Issued Accounting Standards Not Yet Adopted in 2019 In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments , 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 and lease receivables. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses , which clarified that receivables arising from operating leases are not within the scope of ASC 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost , and should be accounted for in accordance with ASC 842. ASU 2016-13 and ASU 2018-19 are effective for annual periods beginning after December 15, 2019. Effective January 1, 2020, the Company adopted ASU 2016-13 using the modified-retrospective approach. The adoption of this guidance did not materially affect our consolidated financial statements. While there was no material impact to the financial statements as a result of adoption of ASU 2016-13, as a result of deteriorating economic conditions for the oil and gas industry brought on by the COVID-19 pandemic, during the first quarter of 2020 the Company recorded a provision for credit losses of $4.3 million . In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment , which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step two of the goodwill impairment test. As a result, under this ASU, an entity would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, although the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU is effective for impairment tests in fiscal years beginning after December 15, 2019, on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of this guidance did not materially affect the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, F air 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. The Company adopted ASU 2018-13 on January 1, 2020 and determined the adoption of this standard did not impact the Company’s condensed consolidated financial statements. In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles. ASU 2019-12 is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company does not expect ASU 2019-12 to have a material effect on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform , which provides temporary optional guidance to companies impacted by the transition away from the London Interbank Offered Rate (“LIBOR”). The guidance provides certain expedients and exceptions to applying GAAP in order to lessen the potential accounting burden when contracts, hedging relationships, and other transactions that reference LIBOR as a benchmark rate are modified. This guidance is effective upon issuance and expires on December 31, 2022. The Company is currently assessing the impact of the LIBOR transition and this ASU on the Company’s condensed consolidated financial statements.

Long-Term Debt - (Tables)

Long-Term Debt - (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of debt	Total debt consisted of the following at September 30, 2019 and December 31, 2018 , respectively: ($ in thousands) 2019 2018 ABL Credit Facility $ 130,000 $ 70,000 Total debt 130,000 70,000 Less current portion of long-term debt — — Total long-term debt $ 130,000 $ 70,000
Annual maturities of debt	Scheduled remaining annual maturities of total debt are as follows at September 30, 2019 : ($ in thousands) 2019 $ — 2020 — 2021 — 2022 — 2023 and thereafter 130,000 Total $ 130,000

Reportable Segment Information

Reportable Segment Information - (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reconciliation of segment information	A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below ($ in thousands): Three Months Ended September 30, 2019 Pressure Pumping All Other Total Service revenue $ 528,851 $ 12,996 $ 541,847 Adjusted EBITDA $ 134,789 $ (2,894 ) $ 131,895 Depreciation and amortization $ 36,110 $ 1,543 $ 37,653 Goodwill at September 30, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 83,770 $ 3,189 $ 86,959 Total assets at September 30, 2019 $ 1,399,865 $ 56,178 $ 1,456,043 Three Months Ended September 30, 2018 Pressure Pumping All Other Total Service revenue $ 421,436 $ 12,605 $ 434,041 Adjusted EBITDA $ 105,069 $ (1,701 ) $ 103,368 Depreciation and amortization $ 22,026 $ 1,191 $ 23,217 Goodwill at December 31, 2018 $ 9,425 $ — $ 9,425 Capital expenditures $ 73,143 $ 1,060 $ 74,203 Total assets at December 31, 2018 $ 1,230,830 $ 43,692 $ 1,274,522 Nine Months Ended September 30, 2019 Pressure Pumping All Other Total Service revenue $ 1,576,781 $ 40,740 $ 1,617,521 Adjusted EBITDA $ 417,017 $ (8,283 ) $ 408,734 Depreciation and amortization $ 101,916 $ 4,336 $ 106,252 Goodwill at September 30, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 322,347 $ 11,978 $ 334,325 Total assets at September 30, 2019 $ 1,399,865 $ 56,178 $ 1,456,043 Nine Months Ended September 30, 2018 Pressure Pumping All Other Total Service revenue $ 1,242,286 $ 36,862 $ 1,279,148 Adjusted EBITDA $ 281,951 $ (5,871 ) $ 276,080 Depreciation and amortization $ 59,830 $ 3,598 $ 63,428 Goodwill at December 31, 2018 $ 9,425 $ — $ 9,425 Capital expenditures $ 218,113 $ 6,586 $ 224,699 Total assets at December 31, 2018 $ 1,230,830 $ 43,692 $ 1,274,522 Reconciliation of net income (loss) to adjusted EBITDA ($ in thousands): Three Months Ended September 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 65,961 $ (31,564 ) $ 34,397 Depreciation and amortization 36,110 1,543 37,653 Interest expense 21 1,728 1,749 Income tax expense — 12,340 12,340 Loss on disposal of assets 30,987 166 31,153 Stock-based compensation — 577 577 Other expense — 75 75 Other general and administrative expense (1) — 10,786 10,786 Retention bonus and severance expense 1,710 1,455 3,165 Adjusted EBITDA $ 134,789 $ (2,894 ) $ 131,895 Three Months Ended September 30, 2018 Pressure Pumping All Other Total Net income (loss) $ 66,493 $ (20,208 ) $ 46,285 Depreciation and amortization 22,026 1,191 23,217 Interest expense — 1,480 1,480 Income tax expense — 13,592 13,592 Loss on disposal of assets 16,117 290 16,407 Stock-based compensation — 1,631 1,631 Other expense — 93 93 Deferred IPO bonus expense 433 230 663 Adjusted EBITDA $ 105,069 $ (1,701 ) $ 103,368 Nine Months Ended September 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 228,285 $ (87,950 ) $ 140,335 Depreciation and amortization 101,916 4,336 106,252 Interest expense 43 5,635 5,678 Income tax expense — 44,504 44,504 Loss on disposal of assets 81,110 468 81,578 Stock-based compensation — 5,246 5,246 Other expense — 539 539 Other general and administrative expense (1) — 17,326 17,326 Deferred IPO, retention bonus and severance expense 5,663 1,613 7,276 Adjusted EBITDA $ 417,017 $ (8,283 ) $ 408,734 Nine Months Ended September 30, 2018 Pressure Pumping All Other Total Net income (loss) $ 176,952 $ (54,868 ) $ 122,084 Depreciation and amortization 59,830 3,598 63,428 Interest expense — 4,973 4,973 Income tax expense — 35,998 35,998 Loss (gain) on disposal of assets 43,768 (707 ) 43,061 Stock-based compensation — 3,832 3,832 Other expense — 505 505 Other general and administrative expense (1) 2 18 20 Deferred IPO bonus expense 1,399 780 2,179 Adjusted EBITDA $ 281,951 $ (5,871 ) $ 276,080 (1) Other general and administrative expense primarily relates to professional fees paid to external consultants in connection with the Company's expanded audit committee review and advisory services in 2019, and legal settlement in 2018.

Net Income Per Share - (Tables)

Net Income Per Share - (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Calculations of net income (loss) per share	The table below shows the calculations for the three and nine months ended September 30, 2019 and 2018 (in thousands, except for per share data) . Three Months Ended September 30, 2019 2018 Numerator (both basic and diluted) Net income relevant to common stockholders $ 34,397 $ 46,285 Denominator Denominator for basic income per share 100,606 83,544 Dilutive effect of stock options 2,750 3,039 Dilutive effect of performance share units 184 225 Dilutive effect of restricted stock units 112 70 Denominator for diluted income per share 103,652 86,878 Basic income per common share $ 0.34 $ 0.55 Diluted income per common share $ 0.33 $ 0.53 Nine Months Ended September 30, 2019 2018 Numerator (both basic and diluted) Net income relevant to common stockholders $ 140,335 $ 122,084 Denominator Denominator for basic income per share 100,423 83,359 Dilutive effect of stock options 3,114 3,355 Dilutive effect of performance share units 183 218 Dilutive effect of restricted stock units 268 221 Denominator for diluted income per share 103,988 87,153 Basic income per common share $ 1.40 $ 1.46 Diluted income per common share $ 1.35 $ 1.40

Stock-Based Compensation - (Tab

Stock-Based Compensation - (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of stock options, activity	A summary of the stock option activity for the nine months ended September 30, 2019 is presented below. Number Weighted Outstanding at January 1, 2019 4,557,186 $ 5.14 Granted — $ — Exercised (212,242 ) $ 5.49 Forfeited (20,011 ) $ 14.00 Expired — $ — Outstanding at September 30, 2019 4,324,933 $ 5.08 Exercisable at September 30, 2019 3,967,091 $ 4.28
Schedule of RSUs, activity	The following table summarizes RSUs activity during the nine months ended September 30, 2019 : Number of Weighted Outstanding at January 1, 2019 473,505 $ 16.52 Granted 385,661 $ 20.95 Vested (214,872 ) $ 15.89 Forfeited (58,619 ) $ 18.72 Canceled — $ — Outstanding at September 30, 2019 585,675 $ 19.45
Schedule of performance shares, activity	The following table summarizes information about PSUs activity during the nine months ended September 30, 2019 : Period Target Shares Target Target Shares Vested Target Target Shares Outstanding at September 30, 2019 Weighted 2017 169,635 — — (18,143 ) 151,492 $ 10.73 2018 178,975 — — (17,341 ) 161,634 $ 27.51 2019 — 199,413 — (18,676 ) 180,737 $ 34.82 Total 348,610 199,413 — (54,160 ) 493,863 $ 25.04

Leases - (Tables)

Leases - (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Finance Lease Maturity	The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for operating and finance leases as of September 30, 2019 are as follows: Leases ($ in thousands) Operating Finance 2019 $ 90 $ 2,927 2020 366 — 2021 377 — 2022 389 — 2023 97 — Total undiscounted future lease payments 1,319 2,927 Less: amount representing interest (148 ) (10 ) Present value of future lease payments (lease obligation) $ 1,171 $ 2,917
Operating Lease Maturity	The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for operating and finance leases as of September 30, 2019 are as follows: Leases ($ in thousands) Operating Finance 2019 $ 90 $ 2,927 2020 366 — 2021 377 — 2022 389 — 2023 97 — Total undiscounted future lease payments 1,319 2,927 Less: amount representing interest (148 ) (10 ) Present value of future lease payments (lease obligation) $ 1,171 $ 2,917

Commitments and Contingencies -

Commitments and Contingencies - (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Pre ASC 842 Minimum Rental Payments for Operating Leases	As of December 31, 2018 , our required remaining lease payments under legacy GAAP, ASC 840, for each fiscal year are as follows. See Note 9 for additional lease disclosures under the new lease standard, ASC 842. ($ in thousands) 2019 $ 892 2020 721 2021 721 2022 721 2023 and thereafter 2,258 Total $ 5,313

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Contract with customer, asset, net	$ 34.9	$ 18

Basis of Presentation - Account

Basis of Presentation - Accounts Receivable (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01 $ in Millions	Sep. 30, 2019USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, remaining performance obligation	$ 32.1
Revenue,remaining performance obligation, expected timing of satisfaction, period	1 year

Recently Issued Accounting St_2

Recently Issued Accounting Standards notes (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Subsequent Event
Subsequent Event [Line Items]
Accounts receivable, allowance for credit loss, period increase (decrease)	$ 4.3

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Impairment of property and equipment	$ 0	$ 0

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 300,000,000
Line Of Credit Facility, Coverage Ratio Establishing Threshold, Option One, Percentage Of Facility Size And Borrowing Base	10.00%
Line of credit facility, coverage ratio establishing threshold, option two, amount	$ 22,500,000
ABL Credit Facility
Debt Instrument [Line Items]
Interest Rate (as a percent)	4.40%
ABL Credit Facility | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, borrowing base, accounts receivable percentage	85.00%
Line of credit facility, borrowing base	$ 191,100,000
LIBOR loans | ABL Credit Facility
Debt Instrument [Line Items]
Debt instrument, basis spread floor	0.00%
LIBOR loans | ABL Credit Facility | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
LIBOR loans | ABL Credit Facility | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Base Rate Loans | ABL Credit Facility | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.75%
Base Rate Loans | ABL Credit Facility | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 130,000	$ 70,000
Less current portion of long-term debt	0	0
Total long-term debt	130,000	70,000
Revolving Credit Facility | Line of Credit | ABL Credit Facility
Debt Instrument [Line Items]
Total debt	$ 130,000	$ 70,000

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
2019	$ 0
2020	0
2021	0
2022	0
2023 and thereafter	130,000
Total debt	$ 130,000	$ 70,000

Reportable Segment Informatio_2

Reportable Segment Information - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Revenue, Major Customer [Line Items]
Number of operating segments | segment			5
Number of reportable segments | segment			1
Administrative Fees Expense | $	$ 30,100	$ 21,600	$ 87,300	$ 59,600
Other general and administrative expense | $	$ 10,786		$ 17,326	$ 20
Pressure pumping
Revenue, Major Customer [Line Items]
Concentration risk ( as a percent )	95.70%	94.90%	95.70%	95.50%

Reportable Segment Informatio_3

Reportable Segment Information - Reconciliation of segment information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Service revenue	$ 541,847	$ 434,041	$ 1,617,521	$ 1,279,148
Adjusted EBITDA	131,895	103,368	408,734	276,080
Depreciation and amortization	37,653	23,217	106,252	63,428
Goodwill	9,425		9,425		$ 9,425
Capital expenditures	86,959	74,203	334,325	224,699
September 30, 2019	1,456,043		1,456,043		1,274,522
Pressure Pumping
Segment Reporting Information [Line Items]
Service revenue	528,851	421,436	1,576,781	1,242,286
Adjusted EBITDA	134,789	105,069	417,017	281,951
Depreciation and amortization	36,110	22,026	101,916	59,830
Goodwill	9,425		9,425		9,425
Capital expenditures	83,770	73,143	322,347	218,113
September 30, 2019	1,399,865		1,399,865		1,230,830
All Other
Segment Reporting Information [Line Items]
Service revenue	12,996	12,605	40,740	36,862
Adjusted EBITDA	(2,894)	(1,701)	(8,283)	(5,871)
Depreciation and amortization	1,543	1,191	4,336	3,598
Goodwill	0		0		0
Capital expenditures	3,189	$ 1,060	11,978	$ 6,586
September 30, 2019	$ 56,178		$ 56,178		$ 43,692

Reportable Segment Informatio_4

Reportable Segment Information - Reconciliation of segment information EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net income (loss)	$ 34,397	$ 36,133	$ 69,805	$ 46,285	$ 39,091	$ 36,708	$ 140,335	$ 122,084
Depreciation and amortization	37,653			23,217			106,252	63,428
Interest expense	1,749			1,480			5,678	4,973
Income tax expense	12,340			13,592			44,504	35,998
Loss on disposal of assets	31,153			16,407			81,578	43,061
Stock-based compensation	577			1,631			5,246	3,832
Other expense	75			93			539	505
Other general and administrative expense	10,786						17,326	20
Retention bonus and severance expense	3,165			663			7,276	2,179
Adjusted EBITDA	131,895			103,368			408,734	276,080
Pressure Pumping
Segment Reporting Information [Line Items]
Net income (loss)	65,961			66,493			228,285	176,952
Depreciation and amortization	36,110			22,026			101,916	59,830
Interest expense	21			0			43	0
Income tax expense	0			0			0	0
Loss on disposal of assets	30,987			16,117			81,110	43,768
Stock-based compensation	0			0			0	0
Other expense	0			0			0	0
Other general and administrative expense	0						0	2
Retention bonus and severance expense	1,710			433			5,663	1,399
Adjusted EBITDA	134,789			105,069			417,017	281,951
All Other
Segment Reporting Information [Line Items]
Net income (loss)	(31,564)			(20,208)			(87,950)	(54,868)
Depreciation and amortization	1,543			1,191			4,336	3,598
Interest expense	1,728			1,480			5,635	4,973
Income tax expense	12,340			13,592			44,504	35,998
Loss on disposal of assets	166			290			468	(707)
Stock-based compensation	577			1,631			5,246	3,832
Other expense	75			93			539	505
Other general and administrative expense	10,786						17,326	18
Retention bonus and severance expense	1,455			230			1,613	780
Adjusted EBITDA	$ (2,894)			$ (1,701)			$ (8,283)	$ (5,871)

Net Income Per Share - Calculat

Net Income Per Share - Calculation of net income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator (both basic and diluted)
Net income relevant to common stockholders	$ 34,397	$ 36,133	$ 69,805	$ 46,285	$ 39,091	$ 36,708	$ 140,335	$ 122,084
Denominator
Denominator for basic earnings (loss) per share (in shares)	100,606,000			83,544,000			100,423,000	83,359,000
Denominator for diluted income (loss) per share (in shares)	103,652,000			86,878,000			103,988,000	87,153,000
Basic income (loss) per common share (in dollars per share)	$ 0.34			$ 0.55			$ 1.40	$ 1.46
Diluted income (loss) per common share (in dollars per share)	$ 0.33			$ 0.53			$ 1.35	$ 1.40
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	702,170
Stock options
Denominator
Dilutive effect of share based payment (in shares)	2,750,000			3,039,000			3,114,000	3,355,000
Performance stock units
Denominator
Dilutive effect of share based payment (in shares)	184,000			225,000			183,000	218,000
Non-vested restricted stock
Denominator
Dilutive effect of share based payment (in shares)	112,000			70,000			268,000	221,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary Of Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Number of Shares
Outstanding beginning balance (in shares) | shares	4,557,186
Granted (in shares) | shares	0
Exercised (in shares) | shares	(212,242)
Forfeited (in shares) | shares	(20,011)
Expired (in shares) | shares	0
Outstanding ending balance (in shares) | shares	4,324,933
Exercisable ending balance (in shares) | shares	3,967,091
Weighted Average Exercise Price
Outstanding beginning balance (in dollars per share) | $ / shares	$ 5.14
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	5.49
Forfeited (in dollars per share) | $ / shares	14
Expired (in dollars per share) | $ / shares	0
Outstanding ending balance (in dollars per share) | $ / shares	5.08
Exercisable ending balance (in dollars per share) | $ / shares	$ 4.28

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2018	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Mar. 18, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)			$ 0
Options, outstanding, intrinsic value			$ 20.8
Options, exercisable, intrinsic value			20.8
Options, exercised, intrinsic value			$ 2.9
Term for outstanding stock			5 years 1 month 6 days
Term for exercisable stock			5 years
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target Shares Granted (in shares)			199,413
Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit from compensation expense			$ 5.2	$ 3.8
Compensation not yet recognized, stock options			$ 15.4
Compensation cost not yet recognized, period for recognition			1 year 10 months 24 days
Incentive Award Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 0.4	0.5
Incentive Award Plan | Non-vested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual term		3 years
Stock-based compensation			$ 2.3	$ 2
Target Shares Granted (in shares)			385,661
Restricted stock units, conversion of stock, conversion rights (in shares)			1
Compensation not yet recognized, stock options			$ 7.4
Compensation cost not yet recognized, period for recognition			2 years
Incentive Award Plan | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1.3		$ 2.6
Minimum | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PSU's that may be earned					0.00%
Maximum | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PSU's that may be earned					200.00%

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary Of RSU Activity (Details) - Non-vested restricted stock	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Number of Shares
Outstanding at Beginning of Period (in shares) | shares	473,505
Vested (in shares) | shares	(214,872)
Forfeited (in shares) | shares	(58,619)
Canceled (in shares) | shares	0
Outstanding at End of Period (in shares) | shares	585,675
Weighted Average Grant Date Fair Value
Outstanding at Beginning of Period (in dollars per share)	$ 16.52
Granted (in dollars per share)	20.95
Vested (in dollars per share)	15.89
Forfeited (in dollars per share)	18.72
Canceled (in dollars per share)	0
Outstanding at End of Period (in dollars per share)	$ 19.45

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary Of Performance Shares Activity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	348,610
Target Shares Granted (in shares)	199,413
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(54,160)
Outstanding at End of Period (in shares)	493,863
Weighted Average Grant Date Fair Value per Share (in dollars per share)	$ 25.04
2017 | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	169,635
Target Shares Granted (in shares)	0
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(18,143)
Outstanding at End of Period (in shares)	151,492
Weighted Average Grant Date Fair Value per Share (in dollars per share)	$ 10.73
2018 | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	178,975
Target Shares Granted (in shares)	0
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(17,341)
Outstanding at End of Period (in shares)	161,634
Weighted Average Grant Date Fair Value per Share (in dollars per share)	$ 27.51
2019 | Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	0
Target Shares Granted (in shares)	199,413
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(18,676)
Outstanding at End of Period (in shares)	180,737
Weighted Average Grant Date Fair Value per Share (in dollars per share)	$ 34.82
Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit from compensation expense	$ 5.2	$ 3.8

Related-Party Transactions - Na

Related-Party Transactions - Narrative (Details) $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2020USD ($)	Sep. 30, 2019USD ($)property	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)property	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)shares
Related Party Transaction [Line Items]
Operating leases						$ 892
Payable to related parties		$ 0		$ 0		10
Service revenue		541,847	$ 434,041	1,617,521	$ 1,279,148
Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				100
Improvements		$ 1,300		$ 1,300
Number of properties adjacent to corporate office subject to leases | property		5		5
Construction and purchase agreement
Related Party Transaction [Line Items]
Construction and purchase obligation						2,300
Related party transportation services
Related Party Transaction [Line Items]
Expenses with related party				$ 200	300
Related party equipment rental
Related Party Transaction [Line Items]
Expenses with related party				100	100
Property one | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				30
Property two | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				30
Property three | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				100
Property four | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				100
Property five | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party				200
Drilling yard | Related party leasing
Related Party Transaction [Line Items]
Operating leases		$ 100		100
Pioneer and Pioneer Pumping Services
Related Party Transaction [Line Items]
Payable to related parties		0		$ 0		109,800
Asset acquisition cost						$ 110,000
Consideration transferred ( in shares ) | shares						16.6
Service term ( in years) ( up to )				10 years
Service revenue provided		120,700	$ 17,800	$ 407,800	56,000
Reimbursement for retention bonuses paid				2,900
Reimbursements for severance payments				2,500
Receivable from related parties		$ 76,100		$ 76,100		$ 15,700
Subsequent Event | Corporate offices | Related party leasing
Related Party Transaction [Line Items]
Payments to acquire buildings	$ 1,500
Oil and gas service | PT Petroleum, LLC
Related Party Transaction [Line Items]
Service revenue					$ 16,700

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jul. 01, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Jan. 31, 2019	Jan. 01, 2019	Oct. 01, 2018	Mar. 31, 2013
Operating Leases
ROU asset		$ (1,200)	$ (1,200)
Operating lease liability		1,171	1,171
Gain on sale of camp assets		$ 4,200	$ 4,200
Discount Rate ( as a percent )		6.70%	6.70%
Lease term ( in years )		3 years 6 months	3 years 6 months
Accumulated amortization		$ 200	$ 200
Operating Lease Expense			$ 300	$ 1,200
Finance Leases
Discount Rate ( as a percent )		4.30%	4.30%
Lease Term ( in years )		1 month 6 days	1 month 6 days
ROU Asset		$ 3,100	$ 3,100
Right-of-Use Asset Amortization			0
Interest Expense			100
Cash paid for operating lease			300	$ 300
Cash paid for finance lease			300
Non-cash paid		2,917	2,917
Short-Term Leases
Asset lease			1,000
Lodging lease expense			1,200
Lease commitment		5,400	5,400
Real Estate Lease
Operating Leases
Lease term ( in years )						4 years
Term of contract (in years)								10 years
Renewal term (in years)								10 years
Crew Camp Lease
Operating Leases
Gain on disposal	$ 5,000
ROU asset		(500)	(500)
Operating lease liability		$ 500	500
Operating lease cost			$ 100
Term of contract (in years)					4 years
Ground Lease
Finance Leases
Lease Term ( in years )		10 months 24 days	10 months 24 days
Term of contract (in years)							10 years
Accounting Standards Update 2016-02
Operating Leases
Operating lease liability						$ 2,000
Finance Leases
Non-cash paid						$ 3,100

Leases - Lease Maturity (Detail

Leases - Lease Maturity (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating
2019	$ 90
2020	366
2021	377
2022	389
2023	97
Total undiscounted future lease payments	1,319
Less: amount representing interest	(148)
Present value of future lease payments (lease obligation)	1,171
Finance
2019	2,927
2020	0
2021	0
2022	0
2023	0
Total undiscounted future lease payments	2,927
Less: amount representing interest	(10)
Present value of future lease payments (lease obligation)	$ 2,917

Commitments and Contingencies_2

Commitments and Contingencies - Pre ASC 842 Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 892
2020	721
2021	721
2022	721
2023 and thereafter	2,258
Total	$ 5,313

Commitments and Contingencies_3

Commitments and Contingencies - Narrative (Details) $ in Millions	Oct. 03, 2019USD ($)	Sep. 30, 2019USD ($)equipment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Obligation with Joint and Several Liability Arrangement [Line Items]
Deposit to property acquisition		$ 6.1
Number of turbines | equipment		2
Remaining payments		$ 21.5
Capital commitments		1.6
Supplies expense, estimated indirect benefit to the former executive officer		1.2	$ 0.1
Letters of credit		1.5		$ 1.8
Accrued severance		$ 1.5
Subsequent Event
Obligation with Joint and Several Liability Arrangement [Line Items]
Severance costs	$ 0.5
Former executive officer | LandCo
Obligation with Joint and Several Liability Arrangement [Line Items]
Noncontrolling interest, ownership (in percentage)		44.00%
SandCo
Obligation with Joint and Several Liability Arrangement [Line Items]
Supplies expense		$ 36.8	$ 1.6

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Apr. 10, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Subsequent Event [Line Items]
Impairment of property and equipment				$ 0	$ 0
Subsequent Event
Subsequent Event [Line Items]
Impairment of property and equipment			$ 3,400,000
Rights Plan | Subsequent Event
Subsequent Event [Line Items]
Right	1
Sale of stock (in percentage)	20.00%
Discount purchase price of common stock (in percentage)	50.00%
COVID-19 Pandemic | Subsequent Event
Subsequent Event [Line Items]
Impairment of property and equipment		$ 1,100,000
Goodwill, impairment loss		9,400,000
Write off of deposits		$ 6,100,000
Beneficial owner | Rights Plan | Subsequent Event
Subsequent Event [Line Items]
Sale of stock (in percentage)	10.00%