ProPetro Holding (PUMP) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover page

Cover page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
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	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,898,445
Entity Central Index Key	0001680247
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Common Stock
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	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 37,306	$ 149,036
Accounts receivable - net of allowance for credit losses of $1,497 and $1,049, respectively	65,554	212,183
Inventories	2,805	2,436
Prepaid expenses	5,061	10,815
Other current assets	1,103	1,121
Total current assets	111,829	375,591
PROPERTY AND EQUIPMENT - net of accumulated depreciation	978,749	1,047,535
OPERATING LEASE RIGHT-OF-USE ASSETS	851	989
OTHER NONCURRENT ASSETS:
Goodwill	0	9,425
Other noncurrent assets	2,173	2,571
Total other noncurrent assets	2,173	11,996
TOTAL ASSETS	1,093,602	1,436,111
CURRENT LIABILITIES:
Accounts payable	31,233	193,096
Operating lease liabilities	317	302
Finance lease liabilities	0	2,831
Accrued and other current liabilities	27,719	36,343
Accrued interest payable	0	394
Total current liabilities	59,269	232,966
DEFERRED INCOME TAXES	95,268	103,041
LONG-TERM DEBT	0	130,000
NONCURRENT OPERATING LEASE LIABILITIES	636	799
Total liabilities	155,173	466,806
COMMITMENTS AND CONTINGENCIES (Note 10)
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,100,889,230 and 100,624,099 shares issued, respectively	101	101
Additional paid-in capital	829,477	826,629
Retained earnings	108,851	142,575
Total shareholders’ equity	938,429	969,305
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,093,602	$ 1,436,111

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 1,497	$ 1,049
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)	100,889,230	100,624,099
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
REVENUE - Service revenue	$ 106,109	$ 529,494	$ 501,178	$ 1,075,673
COSTS AND EXPENSES
Cost of services (exclusive of depreciation and amortization)	68,193	386,218	369,041	767,741
General and administrative (inclusive of stock-based compensation)	20,331	27,889	45,269	46,414
Depreciation and amortization	40,173	35,482	80,377	68,599
Impairment expense	0	0	16,654	0
Loss on disposal of assets	8,734	31,198	28,588	50,425
Total costs and expenses	137,431	480,787	539,929	933,179
OPERATING INCOME (LOSS)	(31,322)	48,707	(38,751)	142,494
OTHER EXPENSE:
Interest expense	(791)	(2,026)	(2,072)	(3,928)
Other expense	(267)	(276)	(271)	(464)
Total other expense	(1,058)	(2,302)	(2,343)	(4,392)
INCOME (LOSS) BEFORE INCOME TAXES	(32,380)	46,405	(41,094)	138,102
INCOME TAX (EXPENSE) BENEFIT	6,460	(10,272)	7,370	(32,164)
NET INCOME (LOSS)	$ (25,920)	$ 36,133	$ (33,724)	$ 105,938
NET INCOME (LOSS) PER COMMON SHARE:
Basic (in dollars per share)	$ (0.26)	$ 0.36	$ (0.33)	$ 1.06
Diluted (in dollars per share)	$ (0.26)	$ 0.35	$ (0.33)	$ 1.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	100,821	100,425	100,754	100,329
Diluted (in shares)	100,821	104,379	100,754	104,181

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
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		552
Net income (loss)	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 (loss)	105,938
Balance (in shares) at Jun. 30, 2019		100,551
Balance at Jun. 30, 2019	909,037	$ 101	823,433	85,503
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 (loss)	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
Balance (in shares) at Dec. 31, 2019		100,624
Balance at Dec. 31, 2019	969,305	$ 101	826,629	142,575
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	471		471
Issuance of equity awards, net (in shares)		154
Issuance of equity awards, net	0
Tax withholdings paid for net settlement of equity awards	(456)		(456)
Net income (loss)	(7,804)			(7,804)
Balance (in shares) at Mar. 31, 2020		100,778
Balance at Mar. 31, 2020	961,516	$ 101	826,644	134,771
Balance (in shares) at Dec. 31, 2019		100,624
Balance at Dec. 31, 2019	969,305	$ 101	826,629	142,575
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(33,724)
Balance (in shares) at Jun. 30, 2020		100,889
Balance at Jun. 30, 2020	938,429	$ 101	829,477	108,851
Balance (in shares) at Mar. 31, 2020		100,778
Balance at Mar. 31, 2020	961,516	$ 101	826,644	134,771
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation cost	2,962		2,962
Issuance of equity awards, net (in shares)		111
Issuance of equity awards, net	0
Tax withholdings paid for net settlement of equity awards	(129)		(129)
Net income (loss)	(25,920)			(25,920)
Balance (in shares) at Jun. 30, 2020		100,889
Balance at Jun. 30, 2020	$ 938,429	$ 101	$ 829,477	$ 108,851

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (33,724)	$ 105,938
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	80,377	68,599
Impairment expense	16,654	0
Deferred income tax expense (benefit)	(7,773)	30,937
Amortization of deferred debt issuance costs	270	269
Stock-based compensation	3,433	4,669
Provision for credit losses	448	475
Loss on disposal of assets	28,588	50,425
Changes in operating assets and liabilities:
Accounts receivable	146,181	(168,999)
Other current assets	1,613	596
Inventories	(369)	1,274
Prepaid expenses	5,833	1,417
Accounts payable	(135,592)	42,533
Accrued and other current liabilities	(8,635)	12,299
Accrued interest	(394)	419
Net cash provided by operating activities	96,910	150,851
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(80,702)	(325,881)
Proceeds from sale of assets	2,677	1,547
Net cash used in investing activities	(78,025)	(324,334)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	0	90,000
Repayments of borrowings	(130,000)	(10,000)
Payment of finance lease obligation	(30)	(123)
Repayments of insurance financing	0	(3,890)
Proceeds from exercise of equity awards	0	1,075
Tax withholdings paid for net settlement of equity awards	(585)	0
Net cash provided by (used in) financing activities	(130,615)	77,062
NET DECREASE IN CASH AND CASH EQUIVALENTS	(111,730)	(96,421)
CASH AND CASH EQUIVALENTS - Beginning of period	149,036	132,700
CASH AND CASH EQUIVALENTS - End of period	$ 37,306	$ 36,279

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
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, 2019 included in our Form 10-K filed with the SEC (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 July 31, 2020, the WTI price for a barrel of crude oil was approximately $41. 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 short-term management of work schedules to minimize 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 into our one reportable segment and "all other" category, 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. In addition, certain of our hydraulic fracturing equipment is entitled to daily idle fee charges if a customer were to idle committed hydraulic fracturing equipment. The Company recognizes revenue related to idle fee charges on a daily basis as the performance obligations are met. 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 coiled tubing and drilling, 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 June 30, 2020 and December 31, 2019 , accrued revenue (unbilled receivable) included as part of our accounts receivable was $6.5 million and $37.0 million , respectively. At June 30, 2020 , the transaction price allocated to the remaining performance obligation for our partially completed hydraulic fracturing operations was $4.3 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. Allowance for Credit Losses As of June 30, 2020 , the Company had $1.5 million allowance for credit losses. Our allowance for credit losses is based on the evaluation of both our historic collection experience and the expected impact of currently deteriorating economic conditions for the oil and gas industry. We evaluated the historic loss experience on our accounts receivable and also considered separately customers with receivable balances that may be further impacted by current economic developments and market conditions. While the Company has not experienced significant credit losses in the past and has not yet seen material changes to the payment patterns of its customers, the Company cannot predict with any certainty the degree to which the impacts of the COVID-19 pandemic, including the potential impact of periodically adjusted borrowing base limits, level of hedged production, or unforeseen well shut-downs may affect the ability of its customers to timely pay receivables when due. Accordingly, in future periods, the Company may revise its estimates of expected credit losses. The table below shows a summary of allowance for credit losses during for the six months ended June 30, 2020 . ($ in thousands) Balance - January 1, 2020 $ 1,049 Provision for credit losses during the period 4,291 Provision for credit losses no longer required (3,843 ) Balance - June 30, 2020 $ 1,497

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Issued Accounting Standards Adopted in 2020 In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("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, which allows for a cumulative-effect adjustment to the consolidated condensed balance sheet as of the beginning of the first reporting period in which the guidance is effective. Periods prior to the adoption date that are presented for comparative purposes are not adjusted. The Company continuously evaluates customers based on risk characteristics, such as historical losses and current economic conditions. Due to the cyclical nature of the oil and gas industry, the Company often evaluates its customers’ estimated losses on a combination of historical losses and on case-by-case basis. There was no material impact to our condensed consolidated financial statements as a result of adoption of ASU 2016-13. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement , which eliminates, adds and modifies certain disclosure requirements for fair value measurements. 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 January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): 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. Effective January 1, 2020, we adopted this guidance and the adoption did not materially affect the Company's condensed consolidated financial statements. See Note 3 for additional disclosures relating to our goodwill impairment. Recently Issued Accounting Standards Not Yet Adopted in 2020 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	6 Months Ended
	Jun. 30, 2020
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, accounts payable, accrued and other current liabilities, and long-term debt. The estimated fair value of our financial instruments at June 30, 2020 and December 31, 2019 approximated or equaled their carrying values as reflected in our condensed consolidated balance sheets. Assets Measured at Fair Value on a Nonrecurring Basis Assets measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019 , respectively, are set forth below: ($ in thousands) Estimated fair value measurements Balance Quoted prices in active market Significant other observable inputs (Level 2) Significant other unobservable inputs (Level 3) Total gains June 30, 2020: Property and equipment, net $ — $ — $ — $ — $ — Goodwill $ — $ — $ — $ — $ — December 31, 2019: Property and equipment, net $ 2,000 $ — $ 2,000 $ — $ (3,405 ) Goodwill $ — $ — $ — $ — $ — In the first quarter of 2020, the negative future near-term outlook resulting from the continued idling of our Permian drilling assets and current market prices were indicative of potential impairment, resulting in the Company comparing the carrying value of the Permian drilling assets with its estimated fair value. We determined that the carrying value of the Permian drilling assets was greater than its estimated fair value, accordingly impairment expense of $1.1 million was recorded for our Permian drilling assets during the six months ended June 30, 2020 . In 2019, the Company entered an agreement with its equipment manufacturer granting the Company the option to purchase additional 108,000 hydraulic horsepower (“HHP”) of DuraStim® equipment, with the purchase option expiring at different times through April 30, 2021. The option fee of $6.1 million , classified as a deposit for property and equipment as part of our pressure pumping reportable segment has been fully impaired and written off in the first quarter of 2020 because it is not probable that the Company will exercise the option to purchase the equipment given the current depressed crude oil prices and other market conditions that have resulted in a decline in the demand for our hydraulic fracturing services. The total non-cash property and equipment impairment charges recorded during the six months ended June 30, 2020 and 2019 in our hydraulic fracturing and drilling segments was $7.2 million and $0 , respectively. 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 six months ended June 30, 2020 and 2019 . In the first quarter of 2020, the depressed crude oil prices and crude oil storage challenges faced in the U.S. oil and gas industry triggered the Company to perform an interim goodwill impairment test, and as a result, we compared the carrying value of the goodwill in our hydraulic fracturing reporting unit with the estimated fair value. Our impairment test also considered other relevant factors, including market capitalization and market participants' view of the oil and gas industry in reaching our conclusion that that carrying value of our goodwill in our pressure pumping reportable segment of $9.4 million is fully impaired. Accordingly, we recorded a goodwill impairment expense of $9.4 million during the six months ended June 30, 2020 . There was no goodwill impairment expense during the three and six months ended June 30, 2019 .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2020
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 of 85% of monthly eligible accounts receivable less customary reserves (the "Borrowing Base"), as redetermined monthly. The Borrowing Base as of June 30, 2020 was approximately $16.8 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) $22.5 million . Under this facility we are required to comply, subject to certain exceptions and materiality qualifiers, with certain customary affirmative and negative covenants, including, but not limited to, covenants pertaining to our ability to incur liens, indebtedness, changes in the nature of our business, mergers and other fundamental changes, disposal of assets, investments and restricted payments, amendments to our organizational documents or accounting policies, prepayments of certain debt, dividends, transactions with affiliates, and certain other activities. Borrowings under the ABL Credit Facility are secured by a first priority lien and security interest in substantially all assets of the Company. Borrowings under the ABL Credit Facility accrue interest based on a three-tier pricing grid tied to availability, and we may elect for loans to be based on either LIBOR or base rate, plus the applicable margin, which ranges from 1.75% to 2.25% for LIBOR loans and 0.75% to 1.25% for base rate loans, with a LIBOR floor of zero . The loan origination costs relating to the ABL Credit Facility are classified as an asset in our balance sheet. The weighted average interest rate for our ABL Credit Facility for the six months ended June 30, 2020 was 3.2% . Total debt consisted of the following at June 30, 2020 and December 31, 2019 , respectively: ($ in thousands) 2020 2019 ABL Credit Facility $ — $ 130,000 Total debt — 130,000 Less current portion of long-term debt — — Total long-term debt $ — $ 130,000

Reportable Segment Information

Reportable Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Reportable Segment Information	Reportable Segment Information The Company has four operating segments for which discrete financial information is readily available: hydraulic fracturing (inclusive of acidizing), cementing, coiled tubing and drilling. In March 2020, the Company shut down its flowback operating segment and subsequently disposed of the assets for approximately $1.6 million . 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 six months ended June 30, 2020 was $10.6 million and $20.9 million , respectively. The corporate administrative expense for the three and six months ended June 30, 2019 was $27.5 million and $57.2 million , respectively. Our hydraulic fracturing operating segment revenue approximated 89.7% and 93.7% of our pressure pumping revenue during the three and six months ended June 30, 2020 , respectively. During the three and six months ended June 30, 2019 , our hydraulic fracturing operating segment revenue approximated 95.6% and 95.8% of our pressure pumping revenue, respectively. Inter-segment revenues are not material and are not shown separately in the table below. The Company manages and assesses the performance of the reportable segment by its adjusted EBITDA (earnings before other income (expense), interest, taxes, depreciation and amortization, stock-based compensation expense, severance, impairment expense, (gain)/loss on disposal of assets and other unusual or nonrecurring expenses or (income)). A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below ($ in thousands): Three Months Ended June 30, 2020 Pressure Pumping All Other Total Service revenue $ 103,815 $ 2,294 $ 106,109 Adjusted EBITDA $ 34,030 $ (8,620 ) $ 25,410 Depreciation and amortization $ 38,910 $ 1,263 $ 40,173 Capital expenditures $ 10,034 $ 1,846 $ 11,880 Total assets at June 30, 2020 $ 1,052,915 $ 40,687 $ 1,093,602 Three Months Ended June 30, 2019 Pressure Pumping All Other Total Service revenue $ 515,867 $ 13,627 $ 529,494 Adjusted EBITDA $ 131,187 $ (4,625 ) $ 126,562 Depreciation and amortization $ 34,023 $ 1,459 $ 35,482 Goodwill at December 31, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 156,542 $ 4,677 $ 161,219 Total assets at December 31, 2019 $ 1,381,811 $ 54,300 $ 1,436,111 Six Months Ended June 30, 2020 Pressure Pumping All Other Total Service revenue $ 490,735 $ 10,443 $ 501,178 Adjusted EBITDA $ 112,696 $ (12,362 ) $ 100,334 Depreciation and amortization $ 77,879 $ 2,498 $ 80,377 Capital expenditures $ 49,301 $ 2,674 $ 51,975 Total assets at June 30, 2020 $ 1,052,915 $ 40,687 $ 1,093,602 Six Months Ended June 30, 2019 Pressure Pumping All Other Total Service revenue $ 1,047,931 $ 27,742 $ 1,075,673 Adjusted EBITDA $ 282,228 $ (5,391 ) $ 276,837 Depreciation and amortization $ 65,806 $ 2,793 $ 68,599 Goodwill at December 31, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 238,577 $ 8,789 $ 247,366 Total assets at December 31, 2019 $ 1,381,811 $ 54,300 $ 1,436,111 Reconciliation of net income (loss) to adjusted EBITDA ($ in thousands): Three Months Ended June 30, 2020 Pressure Pumping All Other Total Net loss $ (13,528 ) $ (12,392 ) $ (25,920 ) Depreciation and amortization 38,910 1,263 40,173 Interest expense — 791 791 Income tax benefit — (6,460 ) (6,460 ) Loss on disposal of assets 8,587 147 8,734 Stock-based compensation — 2,962 2,962 Other expense — 267 267 Other general and administrative expense (1) — 4,802 4,802 Retention bonus and severance expense 61 — 61 Adjusted EBITDA $ 34,030 $ (8,620 ) $ 25,410 Three Months Ended June 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 64,230 $ (28,097 ) $ 36,133 Depreciation and amortization 34,023 1,459 35,482 Interest expense 22 2,004 2,026 Income tax expense — 10,272 10,272 Loss on disposal of assets 31,117 81 31,198 Stock-based compensation — 2,840 2,840 Other expense — 276 276 Other general and administrative expense (1) — 6,540 6,540 Retention bonus expense 1,795 — 1,795 Adjusted EBITDA $ 131,187 $ (4,625 ) $ 126,562 Six Months Ended June 30, 2020 Pressure Pumping All Other Total Net loss $ (9,220 ) $ (24,504 ) $ (33,724 ) Depreciation and amortization 77,879 2,498 80,377 Impairment expense 15,559 1,095 16,654 Interest expense 1 2,071 2,072 Income tax benefit — (7,370 ) (7,370 ) Loss on disposal of assets 28,402 186 28,588 Stock-based compensation — 3,433 3,433 Other expense — 271 271 Other general and administrative expense (1) — 9,937 9,937 Retention bonus and severance expense 75 21 96 Adjusted EBITDA $ 112,696 $ (12,362 ) $ 100,334 Six Months Ended June 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 162,324 $ (56,386 ) $ 105,938 Depreciation and amortization 65,806 2,793 68,599 Interest expense 22 3,906 3,928 Income tax expense — 32,164 32,164 Loss on disposal of assets 50,123 302 50,425 Stock-based compensation — 4,669 4,669 Other expense — 464 464 Other general and administrative expense (1) — 6,540 6,540 Deferred IPO and retention bonus expense $ 3,953 $ 157 $ 4,110 Adjusted EBITDA $ 282,228 $ (5,391 ) $ 276,837 (1) Other general and administrative expense relates to nonrecurring professional fees paid to external consultants in connection with the Company's expanded audit committee review, SEC investigation and shareholders' litigation.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per common share is computed by dividing the net income (loss) relevant to the common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share uses the same net income (loss) 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 six months ended June 30, 2020 and 2019 , (in thousands, except for per share data). Three Months Ended June 30, 2020 2019 Numerator (both basic and diluted) Net income (loss) relevant to common stockholders $ (25,920 ) $ 36,133 Denominator Denominator for basic income (loss) per share 100,821 100,425 Dilutive effect of stock options — 3,294 Dilutive effect of performance share units — 449 Dilutive effect of restricted stock units — 211 Denominator for diluted income (loss) per share 100,821 104,379 Basic income (loss) per share $ (0.26 ) $ 0.36 Diluted income (loss) per share $ (0.26 ) $ 0.35 Six Months Ended June 30, 2020 2019 Numerator (both basic and diluted) Net income (loss) relevant to common stockholders $ (33,724 ) $ 105,938 Denominator Denominator for basic income (loss) per share 100,754 100,329 Dilutive effect of stock options — 3,252 Dilutive effect of performance share units — 418 Dilutive effect of restricted stock units — 182 Denominator for diluted income (loss) per share 100,754 104,181 Basic income (loss) per share $ (0.33 ) $ 1.06 Diluted income (loss) per share $ (0.33 ) $ 1.02 As shown in the table below, the following stock options, restricted stock units and performance stock units outstanding as of June 30, 2020 and 2019 , respectively, have not been included in the calculation of diluted income (loss) per common share for the three and six months ended June 30, 2020 and 2019 because they will be anti-dilutive to the calculation of diluted net income (loss) per common share. (In thousands) 2020 2019 Stock options 4,224 — Restricted stock units 1,269 — Performance stock units 1,051 — Total 6,544 —

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Options There were no new stock option grants during the six months ended June 30, 2020 . As of June 30, 2020 , the aggregate intrinsic value for our outstanding stock options was $6.5 million , and the aggregate intrinsic value for our exercisable stock options was $6.5 million . The remaining exercise period for the outstanding and exercisable stock options as of June 30, 2020 , was 3.3 years and 3.2 years , respectively. A summary of the stock option activity for the six months ended June 30, 2020 is presented below. Number of Shares Weighted Outstanding at January 1, 2020 4,300,088 $ 5.03 Granted — $ — Exercised — $ — Forfeited (70,960 ) $ 14.00 Expired (5,619 ) $ 14.00 Outstanding at June 30, 2020 4,223,509 $ 4.87 Exercisable at June 30, 2020 4,086,657 $ 4.57 Restricted Stock Units During the six months ended June 30, 2020 , we granted a total of 1,143,230 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. As of June 30, 2020 , the total unrecognized compensation expense for all RSUs was approximately $9.3 million , and is expected to be recognized over a weighted average period of approximately 2.2 years . The following table summarizes RSUs activity during the six months ended June 30, 2020 : Number of Weighted Outstanding at January 1, 2020 613,217 $ 18.75 Granted 1,143,230 $ 7.05 Vested (202,493 ) $ 18.22 Forfeited (285,157 ) $ 15.91 Canceled — $ — Outstanding at June 30, 2020 1,268,797 $ 8.93 Performance Share Units During the six months ended June 30, 2020 , we granted 966,242 performance share units ("PSUs") (excluding PSUs that were administratively cancelled and regranted) to certain key employees and officers as new awards 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. The following table summarizes information about PSUs activity during the six months ended June 30, 2020 : Period Target Shares Target Target Shares Vested Target Target Shares Outstanding at June 30, 2020 Weighted 2017 151,492 — (151,492 ) — — $ 10.73 2018 156,576 — — (72,254 ) 84,322 $ 27.51 2019 214,553 — — (88,235 ) 126,318 $ 34.82 2020 — 966,242 (125,391 ) 840,851 $ 9.42 Total 522,621 966,242 (151,492 ) (285,880 ) 1,051,491 $ 13.92 The total stock-based compensation expense for the six months ended June 30, 2020 and 2019 for all stock awards was $3.4 million and $1.8 million , respectively. The total unrecognized stock-based compensation expense as of June 30, 2020 was approximately $18.3 million , and is expected to be recognized over a weighted average period of approximately 2.1

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions Corporate Office Building The Company rented 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. In April 2020, the Company acquired the corporate office building and the 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 the 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 approximately $0.1 million . Transportation and Equipment Rental For the six months ended June 30, 2019 , the Company incurred costs for transportation services with an entity, in which a former executive officer of the Company has an equity interest, of approximately $0.2 million . No transportation services were provided by the related party during the six months ended June 30, 2020 . 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 six months ended June 30, 2019 , the Company incurred equipment rental costs of approximately $0.1 million . This rental arrangement was terminated in January 2020. Other Services The Company obtains equipment maintenance and repair services from an entity that has a family relationship with an executive officer of the Company. During the six months ended June 30, 2020 , the Company incurred approximately $0.3 million for equipment maintenance and repair services associated with this related party. At June 30, 2020 and December 31, 2019 , the Company had no outstanding payables in connection with transactions to the above related parties. 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 Pumping Services (the "Pioneer Pressure Pumping Acquisition"). In connection with the Pioneer Pressure Pumping Acquisition, Pioneer received 16.6 million shares of our common stock and approximately $110.0 million in cash. In July 2019, we terminated our crew camp facility lease entered into with Pioneer in connection with the Pioneer Pressure Pumping Acquisition, and the total crew camp facility lease payments to Pioneer in 2019 were approximately $0.1 million . Revenue from services provided to Pioneer (including idle fees) accounted for approximately $64.3 million and $127.0 million of our total revenue during the three months ended June 30, 2020 and 2019 , respectively. Revenue from services provided to Pioneer (including idle fees) accounted for approximately $191.6 million and $287.1 million of our total revenue during the six months ended June 30, 2020 and 2019 , respectively. In connection with the Pioneer Pressure Pumping Acquisition, the Company agreed to reimburse Pioneer for our portion of the retention bonuses paid to former Pioneer employees that were subsequently employed by the Company. During the three months ended June 30, 2020 and 2019 , the Company reimbursed Pioneer approximately $0.1 million and $1.3 million , respectively. During the six months ended June 30, 2020 and 2019 , the Company reimbursed Pioneer approximately $2.7 million and $1.3 million , respectively. As of June 30, 2020 , the total accounts receivable due from Pioneer, including estimated unbilled receivable for services (including idle fees) we provided, amounted to approximately $47.2 million and the amount due to Pioneer was $0 . As of December 31, 2019 , the balance due from Pioneer for services (including idle fees) we provided and billed amounted to approximately $61.7 million and the amount due to Pioneer was $0

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	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 former director of the Company has a noncontrolling equity ownership interest. During the six months ended June 30, 2020 and 2019 , the Company made lease payments of approximately $0.2 million and $0.2 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. 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 June 30, 2020 , the weighted average discount rate and remaining lease term was 6.7% and 2.8 years , respectively. As of June 30, 2020 , our total operating lease right-of-use asset cost was approximately $1.2 million , and accumulated amortization was approximately $0.4 million . For the six months ended June 30, 2020 and 2019 , we recorded operating lease cost of approximately $0.2 million and $0.3 million , respectively, in our statement of operations. 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 did not include any residual value guarantee, covenants or financial restrictions. Further, the Ground Lease did not contain variability in payments resulting from either an index change or rate change. In March 2020, the Company exercised its option and purchased the land associated with the Ground Lease for approximately $2.5 million . For the six months ended June 30, 2020 and 2019 , the interest on our finance lease was approximately $0 and $0.1 million , respectively. The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for our operating lease as of June 30, 2020 are as follows: ($ in thousands) 2020 $ 184 2021 377 2022 389 2023 98 2024 — Total undiscounted future lease payments 1,048 Less: amount representing interest (95 ) Present value of future lease payments (lease obligation) $ 953 The total cash paid for amounts included in the measurement of our operating and finance lease liabilities during the six months ended June 30, 2020 was approximately $0.2 million and $0.03 million , respectively. During the six months ended June 30, 2019 , total cash paid for amounts included in the measurement of our operating and finance lease liabilities was approximately $0.3 million and $0.2 million , respectively. 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 six months ended June 30, 2020 , our short-term leases and lodging expense was approximately $0.6 million and $1.7 million , respectively. During the six months ended June 30, 2019 , our short-term leases and lodging expense was approximately $0.3 million and $2.2 million , respectively. At June 30, 2020 , the total remaining lease commitments for all of our short-term leases and lodging commitments was approximately $6.0 million .
Leases	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 former director of the Company has a noncontrolling equity ownership interest. During the six months ended June 30, 2020 and 2019 , the Company made lease payments of approximately $0.2 million and $0.2 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. 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 June 30, 2020 , the weighted average discount rate and remaining lease term was 6.7% and 2.8 years , respectively. As of June 30, 2020 , our total operating lease right-of-use asset cost was approximately $1.2 million , and accumulated amortization was approximately $0.4 million . For the six months ended June 30, 2020 and 2019 , we recorded operating lease cost of approximately $0.2 million and $0.3 million , respectively, in our statement of operations. 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 did not include any residual value guarantee, covenants or financial restrictions. Further, the Ground Lease did not contain variability in payments resulting from either an index change or rate change. In March 2020, the Company exercised its option and purchased the land associated with the Ground Lease for approximately $2.5 million . For the six months ended June 30, 2020 and 2019 , the interest on our finance lease was approximately $0 and $0.1 million , respectively. The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for our operating lease as of June 30, 2020 are as follows: ($ in thousands) 2020 $ 184 2021 377 2022 389 2023 98 2024 — Total undiscounted future lease payments 1,048 Less: amount representing interest (95 ) Present value of future lease payments (lease obligation) $ 953 The total cash paid for amounts included in the measurement of our operating and finance lease liabilities during the six months ended June 30, 2020 was approximately $0.2 million and $0.03 million , respectively. During the six months ended June 30, 2019 , total cash paid for amounts included in the measurement of our operating and finance lease liabilities was approximately $0.3 million and $0.2 million , respectively. 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 six months ended June 30, 2020 , our short-term leases and lodging expense was approximately $0.6 million and $1.7 million , respectively. During the six months ended June 30, 2019 , our short-term leases and lodging expense was approximately $0.3 million and $2.2 million , respectively. At June 30, 2020 , the total remaining lease commitments for all of our short-term leases and lodging commitments was approximately $6.0 million .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of June 30, 2020 , the Company has an existing agreement with its equipment manufacturer granting the Company the option to purchase additional 108,000 HHP of DuraStim® equipment, with the purchase option expiring at different times through April 30, 2021. The option fee of $6.1 million , which was classified as a deposit for property and equipment when the agreement was entered into in 2019, has been impaired and written off as of June 30, 2020 as it is not probable that we will exercise our option to purchase the equipment given the current market conditions and the depressed oil and gas industry. As of June 30, 2020 , the total outstanding contractual commitments entered into as part of normal course of business for supply of certain equipment and other assets was approximately $0.8 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 six months ended June 30, 2020 and 2019 , 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 of the Company has a 44% noncontrolling equity interest. The total sand purchased from SandCo during the three months ended March 31, 2020 (the period the former executive was associated with the Company) was approximately $5.3 million and during the six months ended June 30, 2019 was approximately $22.1 million . As of June 30, 2020 , the Company had issued letters of credit of approximately $3.7 million under the Company's ABL Credit Facility relating to the Company’s casualty insurance policy. 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 then current and former officers and directors in the U.S. District Court for the Western District of Texas. In July 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 third 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 against the Company, certain former officers, and current and former directors. 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 May 2020, the U.S. District Court for the Western District of Texas consolidated the Boca Raton and Chang Lawsuits and named Boca Raton the Lead Plaintiff (the "Shareholder Derivative Lawsuit"). Plaintiffs in the Shareholder Derivative Lawsuit have yet to file an amended consolidated complaint. 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 Shareholder Derivative Lawsuit, the SEC investigation, or any other related lawsuit or investigation. As of June 30, 2020 , 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 June 30, 2020 , although the audit has not been finalized, we do not believe that any material tax liability will arise from the audit.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Delinquent SEC Filings As of July 2, 2020, the Company has filed all its delinquent SEC filings prior to the expiration of the additional trading period granted by the New York Stock Exchange (the "NYSE"), which was set to expire on July 15, 2020. Effective July 2, 2020, the Company became current in its filing obligations with the SEC and regained compliance with the NYSE's continued listing standards.

Basis of Presentation - (Polici

Basis of Presentation - (Policies)	6 Months Ended
	Jun. 30, 2020
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, 2019 included in our Form 10-K filed with the SEC (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 into our one reportable segment and "all other" category, 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. In addition, certain of our hydraulic fracturing equipment is entitled to daily idle fee charges if a customer were to idle committed hydraulic fracturing equipment. The Company recognizes revenue related to idle fee charges on a daily basis as the performance obligations are met. 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 coiled tubing and drilling, 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
Allowance for Credit Losses	Allowance for Credit Losses As of June 30, 2020 , the Company had $1.5 million allowance for credit losses. Our allowance for credit losses is based on the evaluation of both our historic collection experience and the expected impact of currently deteriorating economic conditions for the oil and gas industry. We evaluated the historic loss experience on our accounts receivable and also considered separately customers with receivable balances that may be further impacted by current economic developments and market conditions. While the Company has not experienced significant credit losses in the past and has not yet seen material changes to the payment patterns of its customers, the Company cannot predict with any certainty the degree to which the impacts of the COVID-19 pandemic, including the potential impact of periodically adjusted borrowing base limits, level of hedged production, or unforeseen well shut-downs may affect the ability of its customers to timely pay receivables when due. Accordingly, in future periods, the Company may revise its estimates of expected credit losses.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Issued Accounting Standards Adopted in 2020 In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("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, which allows for a cumulative-effect adjustment to the consolidated condensed balance sheet as of the beginning of the first reporting period in which the guidance is effective. Periods prior to the adoption date that are presented for comparative purposes are not adjusted. The Company continuously evaluates customers based on risk characteristics, such as historical losses and current economic conditions. Due to the cyclical nature of the oil and gas industry, the Company often evaluates its customers’ estimated losses on a combination of historical losses and on case-by-case basis. There was no material impact to our condensed consolidated financial statements as a result of adoption of ASU 2016-13. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement , which eliminates, adds and modifies certain disclosure requirements for fair value measurements. 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 January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): 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. Effective January 1, 2020, we adopted this guidance and the adoption did not materially affect the Company's condensed consolidated financial statements. See Note 3 for additional disclosures relating to our goodwill impairment. Recently Issued Accounting Standards Not Yet Adopted in 2020 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 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, accounts payable, accrued and other current liabilities, and long-term debt. The estimated fair value of our financial instruments at June 30, 2020 and December 31, 2019 approximated or equaled their carrying values as reflected in our condensed consolidated balance sheets.

Basis of Presentation - (Tables

Basis of Presentation - (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Allowance for Credit Losses	The table below shows a summary of allowance for credit losses during for the six months ended June 30, 2020 . ($ in thousands) Balance - January 1, 2020 $ 1,049 Provision for credit losses during the period 4,291 Provision for credit losses no longer required (3,843 ) Balance - June 30, 2020 $ 1,497

Fair Value Measurement - (Table

Fair Value Measurement - (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value on Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019 , respectively, are set forth below: ($ in thousands) Estimated fair value measurements Balance Quoted prices in active market Significant other observable inputs (Level 2) Significant other unobservable inputs (Level 3) Total gains June 30, 2020: Property and equipment, net $ — $ — $ — $ — $ — Goodwill $ — $ — $ — $ — $ — December 31, 2019: Property and equipment, net $ 2,000 $ — $ 2,000 $ — $ (3,405 ) Goodwill $ — $ — $ — $ — $ —

Long-Term Debt - (Tables)

Long-Term Debt - (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following at June 30, 2020 and December 31, 2019 , respectively: ($ in thousands) 2020 2019 ABL Credit Facility $ — $ 130,000 Total debt — 130,000 Less current portion of long-term debt — — Total long-term debt $ — $ 130,000

Reportable Segment Information

Reportable Segment Information - (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Pressure Pumping All Other Total Service revenue $ 103,815 $ 2,294 $ 106,109 Adjusted EBITDA $ 34,030 $ (8,620 ) $ 25,410 Depreciation and amortization $ 38,910 $ 1,263 $ 40,173 Capital expenditures $ 10,034 $ 1,846 $ 11,880 Total assets at June 30, 2020 $ 1,052,915 $ 40,687 $ 1,093,602 Three Months Ended June 30, 2019 Pressure Pumping All Other Total Service revenue $ 515,867 $ 13,627 $ 529,494 Adjusted EBITDA $ 131,187 $ (4,625 ) $ 126,562 Depreciation and amortization $ 34,023 $ 1,459 $ 35,482 Goodwill at December 31, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 156,542 $ 4,677 $ 161,219 Total assets at December 31, 2019 $ 1,381,811 $ 54,300 $ 1,436,111 Six Months Ended June 30, 2020 Pressure Pumping All Other Total Service revenue $ 490,735 $ 10,443 $ 501,178 Adjusted EBITDA $ 112,696 $ (12,362 ) $ 100,334 Depreciation and amortization $ 77,879 $ 2,498 $ 80,377 Capital expenditures $ 49,301 $ 2,674 $ 51,975 Total assets at June 30, 2020 $ 1,052,915 $ 40,687 $ 1,093,602 Six Months Ended June 30, 2019 Pressure Pumping All Other Total Service revenue $ 1,047,931 $ 27,742 $ 1,075,673 Adjusted EBITDA $ 282,228 $ (5,391 ) $ 276,837 Depreciation and amortization $ 65,806 $ 2,793 $ 68,599 Goodwill at December 31, 2019 $ 9,425 $ — $ 9,425 Capital expenditures $ 238,577 $ 8,789 $ 247,366 Total assets at December 31, 2019 $ 1,381,811 $ 54,300 $ 1,436,111 Reconciliation of net income (loss) to adjusted EBITDA ($ in thousands): Three Months Ended June 30, 2020 Pressure Pumping All Other Total Net loss $ (13,528 ) $ (12,392 ) $ (25,920 ) Depreciation and amortization 38,910 1,263 40,173 Interest expense — 791 791 Income tax benefit — (6,460 ) (6,460 ) Loss on disposal of assets 8,587 147 8,734 Stock-based compensation — 2,962 2,962 Other expense — 267 267 Other general and administrative expense (1) — 4,802 4,802 Retention bonus and severance expense 61 — 61 Adjusted EBITDA $ 34,030 $ (8,620 ) $ 25,410 Three Months Ended June 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 64,230 $ (28,097 ) $ 36,133 Depreciation and amortization 34,023 1,459 35,482 Interest expense 22 2,004 2,026 Income tax expense — 10,272 10,272 Loss on disposal of assets 31,117 81 31,198 Stock-based compensation — 2,840 2,840 Other expense — 276 276 Other general and administrative expense (1) — 6,540 6,540 Retention bonus expense 1,795 — 1,795 Adjusted EBITDA $ 131,187 $ (4,625 ) $ 126,562 Six Months Ended June 30, 2020 Pressure Pumping All Other Total Net loss $ (9,220 ) $ (24,504 ) $ (33,724 ) Depreciation and amortization 77,879 2,498 80,377 Impairment expense 15,559 1,095 16,654 Interest expense 1 2,071 2,072 Income tax benefit — (7,370 ) (7,370 ) Loss on disposal of assets 28,402 186 28,588 Stock-based compensation — 3,433 3,433 Other expense — 271 271 Other general and administrative expense (1) — 9,937 9,937 Retention bonus and severance expense 75 21 96 Adjusted EBITDA $ 112,696 $ (12,362 ) $ 100,334 Six Months Ended June 30, 2019 Pressure Pumping All Other Total Net income (loss) $ 162,324 $ (56,386 ) $ 105,938 Depreciation and amortization 65,806 2,793 68,599 Interest expense 22 3,906 3,928 Income tax expense — 32,164 32,164 Loss on disposal of assets 50,123 302 50,425 Stock-based compensation — 4,669 4,669 Other expense — 464 464 Other general and administrative expense (1) — 6,540 6,540 Deferred IPO and retention bonus expense $ 3,953 $ 157 $ 4,110 Adjusted EBITDA $ 282,228 $ (5,391 ) $ 276,837 (1) Other general and administrative expense relates to nonrecurring professional fees paid to external consultants in connection with the Company's expanded audit committee review, SEC investigation and shareholders' litigation.

Net Income (Loss) Per Share - (

Net Income (Loss) Per Share - (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Calculations of Net Income (Loss) Per Share	The table below shows the calculations for the three and six months ended June 30, 2020 and 2019 , (in thousands, except for per share data). Three Months Ended June 30, 2020 2019 Numerator (both basic and diluted) Net income (loss) relevant to common stockholders $ (25,920 ) $ 36,133 Denominator Denominator for basic income (loss) per share 100,821 100,425 Dilutive effect of stock options — 3,294 Dilutive effect of performance share units — 449 Dilutive effect of restricted stock units — 211 Denominator for diluted income (loss) per share 100,821 104,379 Basic income (loss) per share $ (0.26 ) $ 0.36 Diluted income (loss) per share $ (0.26 ) $ 0.35 Six Months Ended June 30, 2020 2019 Numerator (both basic and diluted) Net income (loss) relevant to common stockholders $ (33,724 ) $ 105,938 Denominator Denominator for basic income (loss) per share 100,754 100,329 Dilutive effect of stock options — 3,252 Dilutive effect of performance share units — 418 Dilutive effect of restricted stock units — 182 Denominator for diluted income (loss) per share 100,754 104,181 Basic income (loss) per share $ (0.33 ) $ 1.06 Diluted income (loss) per share $ (0.33 ) $ 1.02
Schedule of Antidilutive Securities	As shown in the table below, the following stock options, restricted stock units and performance stock units outstanding as of June 30, 2020 and 2019 , respectively, have not been included in the calculation of diluted income (loss) per common share for the three and six months ended June 30, 2020 and 2019 because they will be anti-dilutive to the calculation of diluted net income (loss) per common share. (In thousands) 2020 2019 Stock options 4,224 — Restricted stock units 1,269 — Performance stock units 1,051 — Total 6,544 —

Stock-Based Compensation - (Tab

Stock-Based Compensation - (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options, Activity	A summary of the stock option activity for the six months ended June 30, 2020 is presented below. Number of Shares Weighted Outstanding at January 1, 2020 4,300,088 $ 5.03 Granted — $ — Exercised — $ — Forfeited (70,960 ) $ 14.00 Expired (5,619 ) $ 14.00 Outstanding at June 30, 2020 4,223,509 $ 4.87 Exercisable at June 30, 2020 4,086,657 $ 4.57
Schedule of RSUs, Activity	The following table summarizes RSUs activity during the six months ended June 30, 2020 : Number of Weighted Outstanding at January 1, 2020 613,217 $ 18.75 Granted 1,143,230 $ 7.05 Vested (202,493 ) $ 18.22 Forfeited (285,157 ) $ 15.91 Canceled — $ — Outstanding at June 30, 2020 1,268,797 $ 8.93
Schedule of Performance Shares, Activity	The following table summarizes information about PSUs activity during the six months ended June 30, 2020 : Period Target Shares Target Target Shares Vested Target Target Shares Outstanding at June 30, 2020 Weighted 2017 151,492 — (151,492 ) — — $ 10.73 2018 156,576 — — (72,254 ) 84,322 $ 27.51 2019 214,553 — — (88,235 ) 126,318 $ 34.82 2020 — 966,242 (125,391 ) 840,851 $ 9.42 Total 522,621 966,242 (151,492 ) (285,880 ) 1,051,491 $ 13.92

Leases - (Tables)

Leases - (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Operating Lease Maturity	The maturity analysis of liabilities and reconciliation to undiscounted and discounted remaining future lease payments for our operating lease as of June 30, 2020 are as follows: ($ in thousands) 2020 $ 184 2021 377 2022 389 2023 98 2024 — Total undiscounted future lease payments 1,048 Less: amount representing interest (95 ) Present value of future lease payments (lease obligation) $ 953

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)segment	Dec. 31, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment	1
Contract with customer, asset, net	$ 6,500	$ 37,000
Allowance for credit losses during the period	$ 1,497	$ 1,049

Basis of Presentation - Account

Basis of Presentation - Accounts Receivable (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 $ in Millions	Jun. 30, 2020USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue, remaining performance obligation	$ 4.3
Revenue, remaining performance obligation, expected timing of satisfaction	1 month

Basis of Presentation - Allowan

Basis of Presentation - Allowance for Credit Losses (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,049
Provision for credit losses during the period	4,291
Provision for credit losses no longer required	(3,843)
Ending balance	$ 1,497

Fair Value Measurement - Assets

Fair Value Measurement - Assets Measured on Nonrecurring Basis (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), goodwill	$ 0		$ 0
Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains (losses), property and equipment, net		$ 0		$ (3,405,000)
Total gains (losses), goodwill		0		0
Reported Value Measurement | Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net		0		2,000,000
Goodwill		0		0
Estimate of Fair Value Measurement | Nonrecurring Basis | Quoted prices in active market (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net		0		0
Goodwill		0		0
Estimate of Fair Value Measurement | Nonrecurring Basis | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net		0		2,000,000
Goodwill		0		0
Estimate of Fair Value Measurement | Nonrecurring Basis | Significant other unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property and equipment, net		0		0
Goodwill		$ 0		$ 0

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)hp	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)hp
Property, Plant and Equipment [Line Items]
Deposit on property and equipment		$ 6,100,000		$ 6,100,000
Goodwill, period increase (decrease)		0	$ 0
Goodwill, impairment loss	$ 0		0
Permian drilling assets
Property, Plant and Equipment [Line Items]
Impairment expense		1,100,000
Nonrecurring Basis
Property, Plant and Equipment [Line Items]
Impairment expense		0		3,405,000
Goodwill, impairment loss		0		$ 0
Hydraulic fracturing and drilling segments
Property, Plant and Equipment [Line Items]
Impairment of property and equipment		7,200,000	$ 0
Pumping reportable segment
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss		$ 9,400,000
DuraStim
Property, Plant and Equipment [Line Items]
Purchase options, property and equipment | hp		108,000		108,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000
Coverage ratio establishing threshold, option one, percentage of facility size and borrowing base	10.00%
Coverage ratio establishing threshold, option two, amount	$ 22,500,000
ABL Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	3.20%
ABL Credit Facility | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Borrowing base, accounts receivable percentage	85.00%
Borrowing base	$ 16,800,000
LIBOR Loans | ABL Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate, floor	0.00%
LIBOR Loans | Minimum | ABL Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
LIBOR Loans | Maximum | ABL Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Base Rate Loans | Minimum | ABL Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%
Base Rate Loans | Maximum | ABL Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt	$ 0	$ 130,000
Less current portion of long-term debt	0	0
Total long-term debt	0	130,000
Revolving Credit Facility | Line of Credit | ABL Credit Facility
Debt Instrument [Line Items]
Total debt	$ 0	$ 130,000

Reportable Segment Informatio_2

Reportable Segment Information - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Revenue, Major Customer [Line Items]
Number of operating segments | segment			4
Number of reportable segments | segment			1
Administrative fees expense | $	$ 10.6	$ 27.5	$ 20.9	$ 57.2
Pressure pumping
Revenue, Major Customer [Line Items]
Concentration risk (as a percent)	89.70%	95.60%	93.70%	95.80%
Flowback operating segment | Discontinued Operations
Revenue, Major Customer [Line Items]
Consideration for disposal of assets | $	$ 1.6		$ 1.6

Reportable Segment Informatio_3

Reportable Segment Information - Reconciliation of segment information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Service revenue	$ 106,109	$ 529,494	$ 501,178	$ 1,075,673
Adjusted EBITDA	25,410	126,562	100,334	276,837
Depreciation and amortization	40,173	35,482	80,377	68,599
Goodwill	0	9,425	0	9,425	$ 9,425
Capital expenditures	11,880	161,219	51,975	247,366
Total assets	1,093,602	1,436,111	1,093,602	1,436,111	$ 1,436,111
Pressure Pumping
Segment Reporting Information [Line Items]
Service revenue	103,815	515,867	490,735	1,047,931
Adjusted EBITDA	34,030	131,187	112,696	282,228
Depreciation and amortization	38,910	34,023	77,879	65,806
Goodwill		9,425		9,425
Capital expenditures	10,034	156,542	49,301	238,577
Total assets	1,052,915	1,381,811	1,052,915	1,381,811
All Other
Segment Reporting Information [Line Items]
Service revenue	2,294	13,627	10,443	27,742
Adjusted EBITDA	(8,620)	(4,625)	(12,362)	(5,391)
Depreciation and amortization	1,263	1,459	2,498	2,793
Goodwill		0		0
Capital expenditures	1,846	4,677	2,674	8,789
Total assets	$ 40,687	$ 54,300	$ 40,687	$ 54,300

Reportable Segment Informatio_4

Reportable Segment Information - Reconciliation of segment information EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Net income (loss)	$ (25,920)	$ (7,804)	$ 36,133	$ 69,805	$ (33,724)	$ 105,938
Depreciation and amortization	40,173		35,482		80,377	68,599
Impairment expense	0		0		16,654	0
Interest expense	791		2,026		2,072	3,928
Income tax benefit	(6,460)		10,272		(7,370)	32,164
Loss on disposal of assets	8,734		31,198		28,588	50,425
Stock-based compensation	2,962		2,840		3,433	4,669
Other expense	267		276		271	464
Other general and administrative expense	4,802		6,540		9,937	6,540
Retention bonus and severance expense	61		1,795		96	4,110
Adjusted EBITDA	25,410		126,562		100,334	276,837
Pressure Pumping
Segment Reporting Information [Line Items]
Net income (loss)	(13,528)		64,230		(9,220)	162,324
Depreciation and amortization	38,910		34,023		77,879	65,806
Impairment expense					15,559
Interest expense	0		22		1	22
Income tax benefit	0		0		0	0
Loss on disposal of assets	8,587		31,117		28,402	50,123
Stock-based compensation	0		0		0	0
Other expense	0		0		0	0
Other general and administrative expense	0		0		0	0
Retention bonus and severance expense	61		1,795		75	3,953
Adjusted EBITDA	34,030		131,187		112,696	282,228
All Other
Segment Reporting Information [Line Items]
Net income (loss)	(12,392)		(28,097)		(24,504)	(56,386)
Depreciation and amortization	1,263		1,459		2,498	2,793
Impairment expense					1,095
Interest expense	791		2,004		2,071	3,906
Income tax benefit	(6,460)		10,272		(7,370)	32,164
Loss on disposal of assets	147		81		186	302
Stock-based compensation	2,962		2,840		3,433	4,669
Other expense	267		276		271	464
Other general and administrative expense	4,802		6,540		9,937	6,540
Retention bonus and severance expense	0		0		21	157
Adjusted EBITDA	$ (8,620)		$ (4,625)		$ (12,362)	$ (5,391)

Net Income (Loss) Per Share -_2

Net Income (Loss) Per Share - (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator (both basic and diluted)
Net income (loss) relevant to common stockholders	$ (25,920)	$ (7,804)	$ 36,133	$ 69,805	$ (33,724)	$ 105,938
Denominator
Denominator for basic earnings (loss) per share (in shares)	100,821		100,425		100,754	100,329
Denominator for diluted income (loss) per share (in shares)	100,821		104,379		100,754	104,181
Basic income (loss) per common share (in dollars per share)	$ (0.26)		$ 0.36		$ (0.33)	$ 1.06
Diluted income (loss) per common share (in dollars per share)	$ (0.26)		$ 0.35		$ (0.33)	$ 1.02
Antidilutive securities excluded from computation of earnings per share, amount (in shares)					6,544	0
Stock options
Denominator
Dilutive effect of share based payment (in shares)	0		3,294		0	3,252
Restricted stock units
Denominator
Dilutive effect of share based payment (in shares)	0		211		0	182
Performance stock units
Denominator
Dilutive effect of share based payment (in shares)	0		449		0	418
Stock options
Denominator
Antidilutive securities excluded from computation of earnings per share, amount (in shares)					4,224	0
Restricted stock units
Denominator
Antidilutive securities excluded from computation of earnings per share, amount (in shares)					1,269	0
Performance stock units
Denominator
Antidilutive securities excluded from computation of earnings per share, amount (in shares)					1,051	0

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, outstanding, intrinsic value	$ 6.5
Options, exercisable, intrinsic value	$ 6.5
Term for outstanding stock	3 years 3 months 18 days
Term for exercisable stock	3 years 2 months 12 days
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	966,242
Vesting period	3 years
Actual number of shares that may be issued, percent, minimum	0.00%
Actual number of shares that may be issued, percent, maximum	200.00%
Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, stock options	$ 18.3
Compensation cost not yet recognized, period for recognition	2 years 1 month 6 days
Tax benefit from compensation expense	$ 3.4	$ 1.8
Incentive Award Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,143,230
Restricted stock units, conversion of stock, conversion rights (in shares)	1
Compensation not yet recognized, stock options	$ 9.3
Compensation cost not yet recognized, period for recognition	2 years 2 months 12 days
Employees and Officers | Incentive Award Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Director | Incentive Award Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary Of Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Number of Shares
Outstanding beginning balance (in shares) | shares	4,300,088
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Forfeited (in shares) | shares	(70,960)
Expired (in shares) | shares	(5,619)
Outstanding ending balance (in shares) | shares	4,223,509
Exercisable ending balance (in shares) | shares	4,086,657
Weighted Average Exercise Price
Outstanding beginning balance (in dollars per share) | $ / shares	$ 5.03
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	14
Expired (in dollars per share) | $ / shares	14
Outstanding ending balance (in dollars per share) | $ / shares	4.87
Exercisable ending balance (in dollars per share) | $ / shares	$ 4.57

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary Of RSU Activity (Details) - Restricted stock units	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Number of Shares
Outstanding at Beginning of Period (in shares) | shares	613,217
Vested (in shares) | shares	(202,493)
Forfeited (in shares) | shares	(285,157)
Canceled (in shares) | shares	0
Outstanding at End of Period (in shares) | shares	1,268,797
Weighted Average Grant Date Fair Value
Outstanding at Beginning of Period (in dollars per share)	$ 18.75
Granted (in dollars per share)	7.05
Vested (in dollars per share)	18.22
Forfeited (in dollars per share)	15.91
Canceled (in dollars per share)	0
Outstanding at End of Period (in dollars per share)	$ 8.93

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary Of Performance Shares Activity (Details) - Performance stock units	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	522,621
Granted (in shares)	966,242
Target Shares Vested (in shares)	(151,492)
Target Shares Forfeited (in shares)	(285,880)
Outstanding at End of Period (in shares)	1,051,491
Weighted Average Grant Date Fair Value per Share (in dollars per share) | $ / shares	$ 13.92
2017
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	151,492
Granted (in shares)	0
Target Shares Vested (in shares)	(151,492)
Target Shares Forfeited (in shares)	0
Outstanding at End of Period (in shares)	0
Weighted Average Grant Date Fair Value per Share (in dollars per share) | $ / shares	$ 10.73
2018
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	156,576
Granted (in shares)	0
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(72,254)
Outstanding at End of Period (in shares)	84,322
Weighted Average Grant Date Fair Value per Share (in dollars per share) | $ / shares	$ 27.51
2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	214,553
Granted (in shares)	0
Target Shares Vested (in shares)	0
Target Shares Forfeited (in shares)	(88,235)
Outstanding at End of Period (in shares)	126,318
Weighted Average Grant Date Fair Value per Share (in dollars per share) | $ / shares	$ 34.82
2020
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding at Beginning of Period (in shares)	0
Granted (in shares)	966,242
Target Shares Vested (in shares)
Target Shares Forfeited (in shares)	(125,391)
Outstanding at End of Period (in shares)	840,851
Weighted Average Grant Date Fair Value per Share (in dollars per share) | $ / shares	$ 9.42

Related-Party Transactions - (D

Related-Party Transactions - (Details) shares in Millions	Dec. 31, 2018USD ($)shares	Apr. 30, 2020USD ($)	Jun. 30, 2020USD ($)property	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)property	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Payable to related parties			$ 0		$ 0		$ 0
Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					$ 100,000
Number of properties adjacent to corporate office subject to leases | property			5		5
Related party transportation services
Related Party Transaction [Line Items]
Expenses with related party					$ 0	$ 200,000
Related party equipment rental
Related Party Transaction [Line Items]
Expenses with related party						100,000
Equipment maintenance and repair services
Related Party Transaction [Line Items]
Expenses with related party					300,000
Corporate offices | Related party leasing
Related Party Transaction [Line Items]
Payments to acquire buildings		$ 1,500,000
Property 1 | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					30,000
Property 2 | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					30,000
Property 3 | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					100,000
Property 4 | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					100,000
Property 5 | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					200,000
Drilling yard | Related party leasing
Related Party Transaction [Line Items]
Expenses with related party					100,000
Pioneer and Pioneer Pumping Services
Related Party Transaction [Line Items]
Payable to related parties			$ 0		0		$ 0
Consideration transferred (in shares) | shares	16.6
Revenue (including idle fees)			64,300,000	$ 127,000,000	191,600,000	287,100,000
Service term (in years) (up to)							10 years
Receivable from related parties			47,200,000		47,200,000		$ 61,700,000
Reimbursed pioneer			$ 100,000	$ 1,300,000	$ 2,700,000	$ 1,300,000
Pioneer and Pioneer Pumping Services | Related party leasing
Related Party Transaction [Line Items]
Total payment in connection with crew camp facility lease							$ 100,000
Pioneer and Pioneer Pumping Services
Related Party Transaction [Line Items]
Cash received from acquisition	$ 110,000,000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2018	Jan. 01, 2019	Mar. 31, 2013
Operating Leases
Cash paid for operating lease		$ 200	$ 200
Discount rate (as a percent)		6.70%
Lease term (in years)		2 years 9 months 18 days
ROU asset		$ 1,200
Accumulated amortization		400
Lease expense		200	300
Finance Leases
Purchase of land associated with ground lease		80,702	325,881
Interest expense		0	100
Payments included in measurement of operating lease liabilities		200	300
Payments included in measurement of finance lease liabilities		30	200
Short-Term Leases
Asset lease		600	300
Lodging lease expense		1,700	$ 2,200
Lease commitment		$ 6,000
Real Estate Lease
Operating Leases
Term of contract (in years)					4 years	10 years
Renewal term (in years)						10 years
Ground Lease
Finance Leases
Term of contract (in years)				10 years
Period before option to purchase land				1 year
Land | Ground Lease
Finance Leases
Purchase of land associated with ground lease	$ 2,500

Leases - Lease Maturity (Detail

Leases - Lease Maturity (Details) $ in Thousands	Jun. 30, 2020USD ($)
Operating
2020	$ 184
2021	377
2022	389
2023	98
2024	0
Total undiscounted future lease payments	1,048
Less: amount representing interest	(95)
Present value of future lease payments (lease obligation)	$ 953

Commitments and Contingencies -

Commitments and Contingencies - (Details) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)hp	Dec. 31, 2019USD ($)hp
Obligation with Joint and Several Liability Arrangement [Line Items]
Deposit on property and equipment			$ 6.1	$ 6.1
Total sand purchased	$ 5.3	$ 22.1
Letters of credit			$ 3.7
DuraStim
Obligation with Joint and Several Liability Arrangement [Line Items]
Purchase options, property and equipment | hp			108,000	108,000
Equipment and Other Assets
Obligation with Joint and Several Liability Arrangement [Line Items]
Deposit on property and equipment			$ 0.8
Former Executive Officer | LandCo
Obligation with Joint and Several Liability Arrangement [Line Items]
Noncontrolling equity interest (as a percent)	44.00%