National Energy Services Reunited (NESR) 6-K 8 Nov 18 2018 Q3 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	4 Months Ended
	Sep. 30, 2018
Document And Entity Information
Entity Registrant Name	National Energy Services Reunited Corp.
Entity Central Index Key	1,698,514
Document Type	6-K
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Trading Symbol	NESR
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Non-current assets
Goodwill	$ 532,400
Equity
Total equity	811,547	$ 389,429
NPS Holdings Limited [Member]
Non-current assets
Goodwill	378,845
Successor [Member]
Current assets
Cash and cash equivalents	67,560
Accounts receivable, net	76,758
Unbilled revenue	96,895
Inventories	65,765
Other current assets	47,142
Total current assets	354,120
Non-current assets
Property, plant and equipment, net	304,727
Intangible assets	140,894
Goodwill	532,441
Other assets	8,836
Total assets	1,341,018
Liabilities
Accounts payable	54,345
Accrued expenses	55,795
Current portion of loans and borrowings	16,368
Short-term borrowings	71,940
Other current liabilities	37,933
Total current liabilities	236,381
Loans and borrowings	266,964
Other liabilities	26,126
Total liabilities	529,471
Commitments
Equity
Successor preferred shares, no par value; unlimited shares authorized; none issued and outstanding Predecessor common stock, par value $1; 370,000,000 shares authorized; 342,250,000 shares issued and outstanding at December 31, 2017
Successor common stock, no par value; unlimited shares authorized; 85,562,769 shares issued and outstanding at September 30, 2018	801,546
Predecessor convertible redeemable shares
Additional paid in capital	331
Retained earnings	8,745
Accumulated other comprehensive (loss)
Total shareholders' equity	810,622
Non-controlling interests	925
Total equity	811,547
Total liabilities and equity	$ 1,341,018
Predecessor [Member]
Current assets
Inventories		32,313
Non-current assets
Property, plant and equipment, net		264,269
Liabilities
Short-term borrowings		8,773
Predecessor [Member] | NPS Holdings Limited [Member]
Current assets
Cash and cash equivalents		27,545
Accounts receivable, net		58,174
Unbilled revenue		24,167
Inventories		32,313
Other current assets		19,656
Total current assets		161,855
Non-current assets
Property, plant and equipment, net		264,269
Intangible assets		10
Goodwill		182,053
Other assets		11,385
Total assets		619,572
Liabilities
Accounts payable		25,132
Accrued expenses		23,324
Current portion of loans and borrowings
Short-term borrowings		8,773
Other current liabilities		5,228
Total current liabilities		62,457
Loans and borrowings		147,024
Other liabilities		20,662
Total liabilities		230,143
Commitments
Equity
Successor preferred shares, no par value; unlimited shares authorized; none issued and outstanding Predecessor common stock, par value $1; 370,000,000 shares authorized; 342,250,000 shares issued and outstanding at December 31, 2017		342,250
Successor common stock, no par value; unlimited shares authorized; 85,562,769 shares issued and outstanding at September 30, 2018
Predecessor convertible redeemable shares		27,750
Additional paid in capital		3,345
Retained earnings		18,480
Accumulated other comprehensive (loss)		(436)
Total shareholders' equity		391,389
Non-controlling interests		(1,960)
Total equity		389,429
Total liabilities and equity		$ 619,572

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	4 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Common stock, outstanding	85,562,769	11,730,425
Successor [Member]
Preferred stock, no par value
Preferred stock, authorized	Unlimited
Preferred stock, issued
Preferred stock, outstanding
Common stock, no par value
Common stock, authorized	Unlimited
Common stock, issued	85,562,769
Common stock, outstanding	85,562,769
Predecessor [Member] | NPS Holdings Limited [Member]
Common stock, no par value		$ 1
Common stock, authorized		370,000,000
Common stock, issued		342,250,000
Common stock, outstanding		342,250,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Net income			$ 12,190,000	$ 6,736,000
Successor [Member]
Revenues	$ 145,580,000		190,566,000
Cost of products and services	(102,349,000)		(139,404,000)
Gross profit	43,231,000		51,162,000
Selling, general and administrative expense	(13,759,000)		(22,779,000)
Amortization	(3,577,000)		(5,116,000)
Operating income	25,895,000		23,267,000
Interest expense, net	(6,199,000)		(8,099,000)
Other income (expense), net	450,000		(18,000)
Income before income taxes	20,146,000		15,150,000
Income taxes	(3,989,000)		(2,960,000)
Net income	16,157,000		12,190,000
Net income (loss) attributable to non-controlling interests	47,000		(172,000)
Net income attributable to shareholders	$ 16,110,000		$ 12,362,000
Weighted average shares outstanding
Basic	85,562,769		85,562,769
Diluted	85,912,715		85,840,312
Net earnings per share
Basic	$ 0.19		$ 0.14
Diluted	$ 0.19		$ 0.14
Predecessor [Member]
Net income attributable to shareholders		$ 11,211,401		$ 7,809,183	$ 22,634,000
Weighted average shares outstanding
Basic		342,250,000		348,524,566	342,250,000
Diluted		370,000,000		370,000,000	370,000,000
Net earnings per share
Basic		$ 0.03		$ 0.02	$ 0.07
Diluted		$ 0.03		$ 0.02	$ 0.06
Predecessor [Member] | NPS Holdings Limited [Member]
Revenues		$ 70,453,000		$ 137,027,000	$ 193,781,000
Cost of products and services		(50,551,000)		(104,242,000)	(142,722,000)
Gross profit		19,902,000		32,785,000	51,059,000
Selling, general and administrative expense		(7,514,000)		(19,969,000)	(22,851,000)
Amortization		(158,000)		(10,000)	(304,000)
Operating income		12,230,000		12,806,000	27,904,000
Interest expense, net		(712,000)		(4,090,000)	(3,985,000)
Other income (expense), net		(1,151,000)		362,000	(1,339,000)
Income before income taxes		10,367,000		9,078,000	22,580,000
Income taxes		313,000		(2,342,000)	(1,641,000)
Net income		10,680,000		6,736,000	20,939,000
Net income (loss) attributable to non-controlling interests		(558,000)		(881,000)	(1,770,000)
Net income attributable to shareholders		$ 11,238,000		$ 7,617,000	$ 22,709,000
Weighted average shares outstanding
Basic		342,250,000		348,524,566	342,250,000
Diluted		370,000,000		370,000,000	370,000,000
Net earnings per share
Basic		$ 0.03		$ 0.02	$ 0.07
Diluted		$ 0.03		$ 0.02	$ 0.06

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Net income			$ 12,190	$ 6,736
Foreign currency translation adjustments				(16)
Successor [Member]
Net income	$ 16,157		12,190
Foreign currency translation adjustments
Other comprehensive earnings	16,157		12,190
Total comprehensive earnings	$ 16,157		$ 12,190
Predecessor [Member] | NPS Holdings Limited [Member]
Net income		$ 10,680		6,736	$ 20,939
Foreign currency translation adjustments		364		(16)	338
Other comprehensive earnings		11,044		6,720	21,277
Total comprehensive earnings		$ 11,044		$ 6,720	$ 21,277

Condensed Consolidated Statem_3

Condensed Consolidated Statements Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]NPS Holdings Limited [Member]	Common Stock [Member]	Redeemable Convertible Shares [Member]NPS Holdings Limited [Member]	Redeemable Convertible Shares [Member]	Additional Paid-In Capital [Member]NPS Holdings Limited [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]NPS Holdings Limited [Member]	Retained Earnings (Accumulated Deficit) [Member]NPS Holdings Limited [Member]	Retained Earnings (Accumulated Deficit) [Member]	Total Company Stockholders' Equity [Member]NPS Holdings Limited [Member]	Total Company Stockholders' Equity [Member]	Noncontrolling Interests [Member]NPS Holdings Limited [Member]	Noncontrolling Interests [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	NPS Holdings Limited [Member]	Total
Balance at beginning (Predecessor [Member]) at Dec. 31, 2017	$ 342,250,000		$ 27,750,000		$ 3,345,000		$ (436,000)	$ 18,480,000		$ 391,389,000		$ (1,960,000)			$ 389,429,000
Balance at beginning at Dec. 31, 2017																$ 389,429,000
Balance at beginning, shares (Predecessor [Member]) at Dec. 31, 2017	342,250,000		27,750,000
Net income (loss) | Predecessor [Member]								7,617,000		7,617,000		(881,000)			6,736,000
Net income (loss)																6,736,000
Foreign currency translation adjustments | Predecessor [Member]							(16,000)			(16,000)					$ (16,000)
Foreign currency translation adjustments																(16,000)
Conversion of redeemable shares | Predecessor [Member]	$ 6,275,000		$ (6,275,000)
Conversion of redeemable shares
Conversion of redeemable shares, shares | Predecessor [Member]	6,274,566		(6,274,566)
Dividends paid | Predecessor [Member]								(48,210,000)		(48,210,000)
Dividends paid																(48,210,000)
Amount of provision for Zakat | Predecessor [Member]								(766,000)		(766,000)
Amount of provision for Zakat																(766,000)
Balance at end (Predecessor [Member]) at Jun. 06, 2018	$ 348,525,000		$ 21,475,000		$ 3,345,000		$ (452,000)	$ (22,879,000)		$ 350,014,000		$ (2,841,000)
Balance at end (Successor [Member]) at Jun. 06, 2018		$ 56,602,000							$ (4,611,000)		$ 51,991,000
Balance at end at Jun. 06, 2018																347,173,000
Balance at end, shares (Predecessor [Member]) at Jun. 06, 2018	348,524,566		21,475,434
Balance at end, shares (Successor [Member]) at Jun. 06, 2018		11,730,425
Net income (loss) | Successor [Member]									12,362,000		12,362,000		(172,000)			12,190,000
Net income (loss)																12,190,000
Foreign currency translation adjustments | Successor [Member]
Reclassification of shares previously subject to redemption | Successor [Member]		$ 165,188,000									165,188,000
Reclassification of shares previously subject to redemption																$ 165,188,000
Reclassification of shares previously subject to redemption, shares | Successor [Member]		16,921,700
Reclassification of shares previously subject to redemption, shares																16,921,700
Redeemed shares | Successor [Member]		$ (19,379,000)									(19,379,000)
Redeemed shares																$ (19,379,000)
Redeemed shares, shares | Successor [Member]		(1,916,511)
Redeemed shares, shares																1,916,511
Shares issued to acquire NPS | Successor [Member]		$ 255,537,000									255,537,000
Shares issued to acquire NPS																$ 255,537,000
Shares issued to acquire NPS, shares | Successor [Member]		25,077,277														70,557,580
Shares issued to acquire GES | Successor [Member]		$ 288,848,000									288,848,000
Shares issued to acquire GES																$ 288,848,000
Shares issued to acquire GES, shares | Successor [Member]		28,346,229
Shares issued to related party for loan fee and transaction costs | Successor [Member]		$ 2,719,000									2,719,000
Shares issued to related party for loan fee and transaction costs																2,719,000
Shares issued to related party for loan fee and transaction costs, shares | Successor [Member]		266,809
Shares issued in secondary offering | Successor [Member]		$ 48,294,000									48,294,000
Shares issued in secondary offering																$ 48,294,000
Shares issued to secondary offering, shares | Successor [Member]		4,829,375														16,559,800
Shares issued for IPO underwriting fees | Successor [Member]		$ 3,737,000									3,737,000
Shares issued for IPO underwriting fees																$ 3,737,000
Shares issued for IPO underwriting fees, shares | Successor [Member]		307,465														16,867,265
Shares issued for IPO underwriting fees, shares																307,465
Shares issued through Restricted Stock Units | Successor [Member]						331,000					331,000
Shares issued through Restricted Stock Units																$ 331,000
Business combination non-controlling interest | Successor [Member]													(951,000)
Business combination non-controlling interest																(951,000)
Non-controlling interest | Successor [Member]													3,042,000
Non-controlling interest																3,042,000
Acquisition of non-controlling interest during the period | Successor [Member]									994,000		994,000		(994,000)
Acquisition of non-controlling interest during the period
Balance at end (Successor [Member]) at Sep. 30, 2018		$ 801,546,000				$ 331,000			$ 8,745,000		$ 810,622,000		$ 925,000			811,547,000
Balance at end at Sep. 30, 2018																$ 811,547,000
Balance at end, shares (Successor [Member]) at Sep. 30, 2018		85,562,769

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Cash Flows from Operating Activities:
Net income	$ 12,190	$ 6,736
Successor [Member]
Cash Flows from Operating Activities:
Net income	12,190
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	24,155
Shares issued for transaction costs	2,175
(Loss) on disposal of assets, net	(684)
Accrued interest	8,001
Deferred tax (asset)	948
Bad Debt Expense	629
Other operating activities, net	603
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	10,178
(Increase) in inventories	(2,297)
(Increase) in prepaid expenses	(2,943)
(Increase) in other current assets	(21,866)
Decrease (increase) in other long term assets	312
Increase (decrease) accounts payable and accrued liabilities	(14,629)
Increase in other current liabilities	(2,341)
Net cash provided by operating activities	14,431
Cash Flows from Investing Activities:
Proceeds from the Company’s Trust Account	231,782
Capital expenditures	(16,169)
Acquisition of business, net of cash acquired	(285,081)
Proceeds from disposal of assets	4,432
Other investing activities	330
Net cash used in investing activities	(64,706)
Cash Flows from Financing Activities:
Redemption of ordinary shares	(19,380)
Proceeds from issuance of shares	48,294
Proceeds from borrowings	100,000
Payment of deferred underwriting fees	(5,333)
Proceeds from lines of credit and other debt
Dividend paid
Other financing activities, net	(5,792)
Net cash provided by (used in) financing activities	117,789
Effect of exchange rate changes on cash
Net increase in cash	67,514
Cash, beginning of period	46
Cash, end of period	67,560	46
Supplemental disclosure of cash flow information
Interest paid	3,724
Taxes paid	3,129
Predecessor [Member] | NPS Holdings Limited [Member]
Cash Flows from Operating Activities:
Net income		6,736	$ 20,939
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		17,284	28,389
(Loss) on disposal of assets, net			(216)
Accrued interest		3,350	2,139
Bad Debt Expense		2,402	949
Other operating activities, net		1,442	506
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable		(15)	(10,757)
(Increase) in inventories		(2,080)	(5,911)
(Increase) in prepaid expenses		(759)	(2,153)
(Increase) in other current assets		(16,257)	(1,588)
Decrease (increase) in other long term assets		(544)
Increase (decrease) accounts payable and accrued liabilities		7,335	12,556
Increase in other current liabilities		1,932	3,264
Net cash provided by operating activities		20,826	48,117
Cash Flows from Investing Activities:
Proceeds from the Company’s Trust Account
Capital expenditures		(9,861)	(36,030)
Acquisition of business, net of cash acquired		(1,098)	(625)
Proceeds from disposal of assets			288
Other investing activities
Net cash used in investing activities		(10,959)	(36,367)
Cash Flows from Financing Activities:
Redemption of ordinary shares
Proceeds from issuance of shares
Proceeds from borrowings		47,063
Payment of deferred underwriting fees		(164)	(2,885)
Proceeds from lines of credit and other debt			749
Dividend paid		(48,210)	(5,000)
Other financing activities, net		(4,429)	(1,734)
Net cash provided by (used in) financing activities		(5,740)	(8,870)
Effect of exchange rate changes on cash		(16)	(40)
Net increase in cash		4,111	2,840
Cash, beginning of period	$ 31,656	27,545	25,534
Cash, end of period		31,656	28,374
Supplemental disclosure of cash flow information
Interest paid		3,636	4,222
Taxes paid		$ 345	$ 358

Description of Business

Description of Business	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Description of Business	1. Description of business National Energy Services Reunited Corp. is a British Virgin Islands corporation headquartered in Houston, Texas. The Company, through its wholly-owned subsidiaries, NPS and GES, is a regional provider of products and services to the oil and gas industry in the Middle East and North Africa (“MENA”) and Asia Pacific (“APAC”) regions. NESR was originally incorporated in the British Virgin Islands as a special purpose acquisition company on January 23, 2017 for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, or contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar business combination with one or more businesses or entities. NESR filed a registration statement for its initial public offering on May 11, 2017, and on May 17, 2017, NESR sold 21,000,000 units, each consisting of one ordinary share and one warrant, generating gross proceeds of $210 million. Simultaneously with the closing of its initial public offering, NESR consummated the sale of 11,850,000 warrants (the “Private Warrants”) at a price of $0.50 per warrant in a private placement to its sponsor, NESR Holdings Ltd. (“NESR Holdings”), generating gross proceeds of $5.9 million. Each warrant entitles the holder to purchase one-half of one ordinary share. On May 30, 2017, in connection with the underwriters’ election to partially exercise their over-allotment option, NESR consummated the sale of an additional 1,921,700 units at $10.00 per unit and the sale of an additional 768,680 Private Warrants at $0.50 per warrant, generating total gross proceeds of $19.6 million. Following the closing of the above transactions, an aggregate amount of $229.2 million from the net proceeds of the sale of the units in the initial public offering and the Private Warrants was placed in a trust account (“Trust Account”) until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account. On June 6, 2018 (the “Closing Date”), NESR consummated the Business Combination, acquiring all of the issued and outstanding equity interests of NPS Holdings Limited (“NPS”) and Gulf Energy Company SAOC (“GES”). Consequently, the proceeds held in the Trust Account aggregating to $231.8 million (including interest) were released.

Basis of Presentation

Basis of Presentation	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Basis of Presentation	2. Basis of presentation The accompanying condensed consolidated interim financial statements of the Company have been prepared in accordance with U.S. GAAP for interim financial reporting purposes. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated interim financial statements should be read in conjunction with the Super 8-K and the Proxy Statement. The Business Combination was accounted for under Accounting Standards Codification (“ASC”) Topic 805, Business Combination. Pursuant to ASC 805, NESR was determined to be the accounting acquirer based on evaluation of the facts and circumstances including: ● The transfer of cash by NESR; ● NESR’s executive management comprise the C-Suite of the combined company; ● NESR’s right to designate members of the board; and ● NESR initiated the Business Combination. As a result of the Business Combination, NPS and GES are acquirees and NPS is determined to be the accounting “Predecessor”. The Company’s financial statement presentation distinguishes a Predecessor for periods prior to the Closing Date. NESR is the “Successor” for periods after the Closing Date, which includes the consolidated financial results of both NPS and GES. The transactions were accounted for as a business combination using the acquisition method of accounting, and the Successor financial statements reflect a new basis of accounting for both NPS and GES that is based on the fair value of assets acquired and liabilities assumed. See Note 4, Business combination, for further discussion on the Business Combination. As a result of the application of the acquisition method of accounting as of the Closing Date, the financial statements for the Predecessor period and for the Successor period are presented on a different basis of accounting and are, therefore, not comparable. The historical information of NESR prior to the Business Combination has not been reflected in the Company’s financial statements prior to June 7, 2018, as it was not deemed the Predecessor. In the accompanying condensed consolidated interim financial statements, the Successor periods are for the three months ended September 30, 2018 (“Successor Quarter”) and from June 7, 2018 to September 30, 2018 (“Successor Period”) and the Predecessor periods are for the three months ended September 30, 2017 (“2017 Predecessor Quarter”), January 1, 2018 to June 6, 2018 (“Predecessor Period”) and for the nine months ended September 30, 2017 (“2017 Predecessor Period”). Statement of income activity of NESR prior to the closing of the Business Combination is recorded in the opening retained earnings as of June 7, 2018. Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the U.S. Securities Act of 1933, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make a comparison of the Company’s consolidated financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of estimates The preparation of condensed consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated interim financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include estimates made towards preliminary purchase price allocation for the acquisition of NPS and GES, allowance for doubtful accounts, impairment of property, plant and equipment, goodwill and intangible assets, provision for inventories obsolescence, recoverability of unbilled revenue, provision for liabilities pertaining to uncertain tax positions, recoverability of deferred taxes and contingencies and actuarial assumptions in employee benefit plans. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed consolidated interim financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates. In the opinion of management, all adjustments considered necessary for a fair statement of financial results have been made. Such adjustments consist of only those that are normal recurring in nature. Interim results are not necessarily indicative of the results that may be expected for the entire fiscal year. Reclassifications We have made certain reclassifications to our prior period amounts in our balance sheet to conform to the current period presentation. Such reclassifications did not have a material effect on our condensed consolidated balance sheet.

Summary of Significant Accounti

Summary of Significant Accounting Policies	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Summary of Significant Accounting Policies	3. Summary of significant accounting policies Consolidation The Company consolidates entities in which the Company has a majority voting interest and entities that meet the criteria for variable interest entities for which the Company is deemed to be the primary beneficiary for accounting purposes. The Company eliminates intercompany transactions and accounts in consolidation. The Company applies the equity method of accounting for an investment in an entity if it has the ability to exercise significant influence over the entity that (a) does not meet the variable interest entity criteria or (b) meets the variable interest entity criteria, but for which the Company is not deemed to be the primary beneficiary. The Company applies the cost method of accounting for an investment in an entity if it does not have the ability to exercise significant influence over the unconsolidated entity. The Company separately presents within equity on the consolidated balance sheets the ownership interests attributable to parties with non-controlling interests in our consolidated subsidiaries, and separately presents net income attributable to such parties on the consolidated statements of operations. Cash and cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. Income taxes The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial accounting and tax basis of assets and liabilities that will result in future deductible or taxable amounts, based on enacted tax laws and rates applicable to the periods in which the deductible or taxable temporary differences are expected to affect taxable income. Valuation allowances are established when it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC Topic 740 prescribes a recognition and measurement threshold for evaluating tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position, based solely on the technical merits, must be more-likely-than-not to be sustained upon examination by taxing authorities. The Subsidiaries operate in multiple tax jurisdictions in the Middle East, North Africa and Asia. The Company has provided for income taxes based on enacted tax laws and tax rates in effect in the foreign countries where the Company operates and earns income. The income taxes in these jurisdictions vary substantially. The Company engages in transactions in which the tax consequences may be subject to uncertainty and examination by the varying taxing authorities. Significant judgment is required by the Company’s management in assessing and estimating the tax consequences of these transactions. While the Company prepares tax returns based on interpretations of tax laws and regulations, in the normal course of business the tax returns may be subject to examination by the various taxing authorities. Such examinations may result in future assessments of additional tax, interest and penalties. For purposes of the Company’s income tax provision, a tax benefit is not recognized if the tax position is not more likely than not to be sustained based solely on its technical merits. Considerable judgment is involved in determining which tax positions are more likely than not to be sustained. The Company’s management has not completed its review of unrecognized tax benefits at the Subsidiaries related to the Business Combination. Net income per ordinary share Basic income per ordinary share was computed by dividing basic net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding. Diluted income per ordinary share was computed by dividing diluted net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding plus dilutive potential ordinary shares, if any. Dilutive potential ordinary shares include outstanding warrants or other contracts to issue ordinary stock and are determined by applying the treasury stock method or if-converted method, as applicable, if dilutive. Concentration of credit risk The Company’s assets that are exposed to concentrations of credit risk consist primarily of cash and receivables from customers. The Company places its cash with financial institutions and limits the amount of credit exposure with any one of them. The Company regularly evaluates the creditworthiness of the issuers in which it invests. The Company minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties. Fair value of financial instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, unbilled revenue, accounts payable, loans and borrowings, contingent payment and an embedded derivative. Other than the embedded derivative and contingent consideration, the fair value of the Company’s financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying condensed consolidated balance sheet, primarily due to their short-term nature. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: ● Level 1 - Quoted prices in active markets for identical assets or liabilities. ● Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. Accounts receivable and allowance for doubtful accounts Trade accounts receivable are recorded at the invoiced amount. No interest is charged on past-due balances. The Company grants credit to customers based upon an evaluation of each customer’s financial condition. The Company periodically monitors the payment history and ongoing creditworthiness of customers. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowances management considers historical losses adjusted to take into account current market conditions and the customer’s financial conditions, the amount of receivable in dispute, current receivables ageing and current payment patterns. Significant accounts receivable balances and balances that have been outstanding greater than 90 days are reviewed for collectability. Account balances, when determined to be uncollectable, are charged against the allowance. Service inventories The Company’s service inventory consists of spare parts, chemicals and raw materials to support ongoing operations which are held for the purpose of service contracts and are measured at the lower of cost or net realizable value. The cost is based on the weighted average cost principle and includes expenditures incurred in acquiring the service inventories. Net realizable value is the estimated selling price less estimated costs of completion and selling expenses incurred in the ordinary course of business. The Company determines reserves for service inventory based on historical usage of inventory on-hand, assumptions about future demand and market conditions and estimates about potential alternative uses, which are limited. Property, plant and equipment Property, plant and equipment is stated at cost less accumulated depreciation. The cost of ordinary maintenance and repair is charged to operating expense, while replacement of critical components and major improvements that extend the life of the related asset are capitalized. Capital work in progress mainly represents costs incurred on drilling rigs and equipment that are in transit at the reporting date. No depreciation is charged to capital work in progress. Depreciation of property, plant and equipment is calculated using the straight-line method over the asset’s estimated useful life as follows: Buildings and leasehold improvements 5 to 25 years or the estimated lease period, whichever is shorter Drilling rigs, plant and equipment 3 to 15 years Furniture and fixtures 5 years Office equipment and tools 3 to 6 years Vehicles and cranes 5 to 8 years Property, plant and equipment is reviewed for impairment on an annual basis or whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. Events or circumstances that may indicate include, but are not limited to, matters such as a significant decline in market value or a significant change in business climate (“triggering events”). An impairment loss is recognized when the carrying value of an asset exceeds the estimated undiscounted future cash flows from the use of the asset and its eventual disposition. The amount of impairment loss recognized is the excess of the asset’s carrying value over its fair value. In determining the fair market value of the assets, the Company considers market trends and recent transactions involving sales of similar assets, or when not available, discounted cash flow analysis. The Company has not recorded any impairment charges of property, plant and equipment in the accompanying consolidated statement of operations for any of the periods presented. Assets to be disposed of are reported at the lower of the carrying value or the fair value less cost to sell. Upon sale or other disposition of an asset, the Company recognizes a gain or loss on disposal measured as the difference between the net carrying value of the asset and the net proceeds received. Goodwill Goodwill is the excess cost of an acquired entity over the amounts assigned to assets acquired and liabilities assumed in a business combination. Goodwill is evaluated for impairment on an annual basis, or more frequently if circumstances require. The Company performs a qualitative assessment to determine whether it is more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount. If the Company determines, as a result of its qualitative assessment, that it is not more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount, no further testing is required. If the Company determines, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount, a goodwill impairment assessment is performed using a two-step, fair-value based test. Under the first step, goodwill is reviewed for impairment by comparing the carrying value of the reporting unit’s net assets (including allocated goodwill) to the fair value of the reporting unit. The fair value of the reporting units is determined using a discounted cash flow approach. Determining the fair value of a reporting unit requires judgment and the use of significant estimates and assumptions. Such estimates and assumptions include revenue growth rates, discount rates, operating margins, weighted average costs of capital, market share and future market conditions, among others. If the reporting unit’s carrying value is greater than its fair value, a second step is performed whereby the implied fair value of goodwill is estimated by allocating the fair value of the reporting unit in a hypothetical purchase price allocation analysis. If the amount of goodwill resulting from this hypothetical purchase price allocation is less than the carrying value of the reporting unit’s goodwill, the recorded carrying value of goodwill is written down to the implied fair value. The Company has not recorded any impairment charge for goodwill in the accompanying consolidated statement of operations for any of the periods presented. Intangible assets Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805. The Company’s intangible assets with finite lives consist of customer contracts, trademarks and trade names and software. The cost of intangible assets with finite lives is amortized over the estimated period of economic benefit, ranging from five to nine years. Asset lives are adjusted whenever there is a change in the estimated period of economic benefit. No residual value has been assigned to these intangible assets. Intangible assets with finite lives are tested for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. These conditions may include a change in the extent or manner in which the asset is being used or a change in future operations. The Company assesses the recoverability of the carrying amount by preparing estimates of future revenue, margins and cash flows. If the sum of expected future cash flows (undiscounted) is less than the carrying amount, an impairment loss is recognized. The impairment loss recognized is the amount by which the carrying amount exceeds the fair value. Fair value of these assets may be determined by a variety of methodologies, including discounted cash flow models. Commitments and contingencies The Company accrues for costs relating to litigation claims and other contingent matters, including liquidated damage liabilities, when such liabilities become probable and reasonably estimable. In circumstances where the most likely outcome of a contingency can be reasonably estimated, the Company accrues a liability for that amount. Where the most likely outcome cannot be estimated, a range of potential losses is established and if no one amount in that range is more likely than others, the low end of the range is accrued. Such estimates may be based on advice from third parties or on management’s judgment, as appropriate. Revisions to contingent liabilities are reflected in income in the period in which different facts or information become known or circumstances change that affect the Company’s previous judgments with respect to the likelihood or amount of loss. Amounts paid upon the ultimate resolution of contingent liabilities may be materially different from previous estimates and could require adjustments to the estimated reserves to be recognized in the period such new information becomes known. Revenue recognition The Company’s revenues are generated principally from providing services and related equipment as well as renting tools and equipment. Revenues associated with services are recognized when the services are rendered and collectability is reasonably assured. Revenues from services and equipment are based on fixed or determinable priced purchase orders or contracts with the customer and do not include the right of return. Rates for services and equipment are priced on a per day, per unit of measure, per man hour or similar basis. Sales taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from revenues in the condensed consolidated statements of operations. Services performed but not billed at the end of the reporting period are classified as unbilled revenues. Unbilled revenues for services performed are calculated based on the rates stated in the purchase orders or contracts with the customers. Unbilled revenues are typically billed within one to six months depending on the nature of customer contract. Revenue associated with the rental of tools and equipment is recorded on the basis of daily hire rates applicable under the relevant agreement on a straight-line basis. Segment information An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses and about which separate financial information is regularly evaluated by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources. Similar operating segments can be aggregated into a single operating segment if the businesses are similar. Management has determined that the Company has two operating segments and two reportable segments, which reflects the manner in which the CODM operates the Company. The Company’s CODM is its Chief Executive Officer. Stock-based compensation arrangements The Company recognizes all employee stock-based compensation as a cost in the condensed consolidated interim financial statements. Equity-classified awards are measured at the grant date fair value of the award. The Company estimates grant date fair value using the Black-Scholes option-pricing model and estimates the number of forfeitures expected to occur. The Company’s estimates may be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and related tax impacts. The Company has a long-term incentive plan that has been approved by the board of directors and shareholders. Derivative financial instruments The Company evaluates all of its financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as an embedded derivative. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as other income (expense). Recent accounting pronouncements As an emerging growth company, the Company has elected the option to defer the effective date for adoption of new or revised accounting guidance. This option allows the Company to adopt new guidance on the effective date for entities that are not public business entities. Recently issued accounting standards not yet adopted On August 28, 2018 the Financial Accounting Standards Board (FASB), issued Accounting Standards Update (ASU) No 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” ASU No. 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. On August 6, 2018 the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements”. This ASU is intended to reduce costs and ease implementation of the leases standard for financial statement preparers. ASU 2018-11 provides a new transition method and a practical expedient for separating components of a contract. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption. Additionally, the amendments in ASU 2018-11 provide lessors with a practical expedient, by class of underlying asset, to not separate non-lease components from the associated lease component and, instead, to account for those components as a single component if the non-lease components otherwise would be accounted for under the new revenue guidance (Topic 606). This update is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.” ASU 2018-07 expands the scope of Topic 718, Compensation—Stock Compensation (which currently only includes share-based payments to employees) to include share-based payments issued to nonemployees for goods or services. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. On February 14, 2018, the FASB issued ASU No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI).” These amendments provide an option to reclassify stranded tax effects with AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement disclosures that indicate a description of the accounting policy for releasing income tax effects from AOCI; whether there is an election to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act and information about the other income tax effects are reclassified. These amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement-Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by U.S. GAAP. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, which amends the presentation of net periodic pension and postretirement benefit cost (“net benefit cost”). The service cost component of net benefit cost will be bifurcated and presented with other employee compensation costs, while other components of net benefit costs will be presented separately outside of income from operations. The standard is required to be applied on a retrospective basis and will be for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04 “Simplifying the Test for Goodwill.” The update amends Accounting Standard Codification No. 350 Intangibles - Goodwill and Other, provides guidance that simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under accounting topic 350. The amendments in this update will be applied prospectively and is effective for annual and interim impairment tests performed in periods beginning after December 15, 2021. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, “Clarifying the Definition of a Business”. This standard clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of asset or business. This update is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years and should be applied prospectively. Early adoption is allowed for transactions that occurred before the issuance date or effective date of the amendments only when the transaction has not been reported in the financial statements previously issued. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 “Classification of Certain Cash Receipts and Cash Payments”. This update amends Accounting Standard Codification Topic No. 230 “Statement of Cash Flows” and provides guidance and clarification on presentation of certain cash flow issues. This update will be effective for the Company for its fiscal year beginning after December 15, 2018, and for interim periods within those fiscal years. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments”. The new standard amends the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments to utilize an expected loss methodology in place of the currently used incurred loss methodology. This pronouncement is effective for annual periods beginning after December 15, 2020, including interim periods within those annual periods. Early adoption will be permitted for annual periods beginning after December 15, 2018. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09 “Improvements to Employee Share-Based Payment Accounting”. This update requires that entities record all of the tax effects related to share-based payments at settlement (or expiration) through the income statement. This update will be effective for the Company for its fiscal year beginning after December 15, 2017 and for interim periods within those annual periods. The Company does not expect the adoption of this standard will have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases”, a new standard on accounting for leases. This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. This update requires equity investments that do not result in consolidation and are not accounted for under the equity method to be measured at fair value with changes recognized in net income. However, an entity may elect to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This update is effective for the Company for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue. ASU 2014-09 supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 sets forth a five-step model for determining when and how revenue is recognized. Under the model, an entity will be required to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers” (“ASU 2015-14”), which deferred the effective date of ASU 2014-09 for all entities by one year and is effective for the Company’s fiscal year beginning after December 15, 2018 and interim periods within those fiscal years. The Company is currently analyzing the provisions of the pronouncement and assessing the impact of the new standard on revenue contracts and expects to complete its evaluation by the fourth quarter of fiscal 2018.

Business Combination

Business Combination	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Business Combinations	4. Business combination On June 6, 2018, NESR consummated the Business Combination and related financing transactions, acquiring all of the issued and outstanding equity interests of NPS and GES. NPS is a regional provider of products and services to the oil and gas industry in the MENA and APAC regions. Its revenues are primarily derived from services provided during the drilling, completion and production phases of an oil or natural gas well. NPS operates in 12 countries with the majority of its revenues derived from operations in the Kingdom of Saudi Arabia, Algeria, Qatar, UAE and Iraq. GES provides drilling equipment for rental and related services, well engineering services and directional drilling services imports, and sells oilfield equipment and renders specialized services to oil companies in the Sultanate of Oman, the Kingdom of Saudi Arabia, Algeria, Kuwait and Yemen. Description of the NPS Transaction First closing Second closing Contemporaneously with the Closing Date, Hana Investments agreed to transfer the 83,660,878 NPS shares it acquired from the NPS selling stockholders to NESR in exchange for NESR ordinary shares valued at $11.244 per share, which resulted in the issuance of 13,340,448 NESR ordinary shares to Hana Investments. In addition, NESR agreed to pay Hana Investments an amount of interest accrued from the date of the payment of the $150.0 million to the NPS selling stockholders until the Closing Date, up to $4.7 million in cash or 418,001 NESR ordinary shares. On the Closing Date, the Company paid interest totaling $4.7 million in NESR ordinary shares. NESR, in accordance with the NPS stock purchase agreement, paid an additional $7.6 million in cash as contingent consideration for the renewal of a major customer contract by NPS at closing of the Business Combination. The stock purchase agreement contains earn-out mechanisms that enable the sellers to receive additional consideration after the closing of the Business Combination as follows: ● First Equity Stock Earn-Out: Up to 1,671,704 NESR ordinary shares will be issued to the NPS selling stockholders if the 2018 EBITDA (earnings before income taxes, depreciation and amortization) of NESR satisfies scheduled financial thresholds. ● Second Equity Stock Earn-Out: Up to an additional 1,671,704 NESR ordinary shares will be issued to the NPS selling stockholders if the 2018 EBITDA of NESR satisfies scheduled thresholds higher than the First Equity Stock Earn-Out financial thresholds. The equity earn-outs at close were fair valued at $16.2 million and, provided 2018 EBITDA targets are met, NESR ordinary shares would be issued in fiscal year 2019. NESR was also required to make additional payments for delays in receiving shareholder approval to complete the Business Combination. The NPS selling stockholders had negotiated a fee (the “Ticker Fee”) that began to accrue daily on cash not paid by January 1, 2018. On June 6, 2018, NESR entered into an agreement with the NPS selling stockholders to waive a portion of the accrued Ticker Fee. The resulting final Ticker Fee amounted to $13.4 million, which was paid in cash, and NESR agreed to reimburse the NPS selling stockholders for $5.2 million of fees, costs and expenses related to the acquisition by NESR of all of the outstanding NPS shares. Description of the GES Transaction On June 6, 2018, NESR acquired 88% of the outstanding shares of GES from certain owners of GES in exchange for the issuance of 25,309,848 NESR ordinary shares, and NESR Holdings acquired the remaining 12% of the outstanding shares of GES for a total cash purchase price of $29.3 million (collectively, the “GES Transaction”), subject to certain adjustments. These adjustments relate to permitted Leakage (as defined in the GES stock purchase agreements), which may have occurred between the Locked Box Date (as defined in the GES stock purchase agreements) and the Closing Date. NESR Holdings organized financing of the acquisition through certain loan contracts with 11 investors (the “GES Investors”). NESR Holdings then assigned the GES shares which it acquired to NESR, and NESR assumed the obligation to satisfy the loan contracts. The loan contracts allowed for the GES Investors to receive either NESR ordinary shares, GES shares or cash in satisfaction of the loans, and in most of these contracts such election was at NESR’s discretion, subject to GES Investors having the right for 21 days after filing of the Proxy Statement to reject in writing acceptance of NESR ordinary shares. NESR elected to issue NESR ordinary shares to satisfy the loan contracts, and the GES Investors did not elect to reject in writing their acceptance of said NESR ordinary shares. The loan contracts were interest bearing and accrued interest of $1.1 million upon settlement, with such interest being paid in NESR ordinary shares. NESR issued a total of 3,036,381 NESR ordinary shares in settlement of the loan contracts and accrued interest. Description of the Hana Loan On June 5, 2018, NESR entered into a Loan Agreement with Hana Investments, pursuant to which NESR borrowed $50.0 million (the “Hana Loan”) on an unsecured basis. For a description of the Hana Loan, see Note 9, Debt. Financing of Business Combination Consideration for the Business Combination was funded through the following sources and transactions: ● investments and cash equivalents held in trust of $202.1 million related to NESR’s initial public offering of units; ● use of cash and cash equivalents acquired from the acquisition of NPS of $18.7 million towards payment of the Ticker Fee and reimbursement of NPS selling shareholders expenses; ● issuance of 4,829,375 NESR ordinary shares for $48.3 million to MEA Energy Investment Company 2 Ltd. (the “Backstop Investor”) pursuant to a backstop commitment (the “Backstop Commitment”). The funds received from such Backstop Commitment were used to help fund the cash portion of the consideration to the NPS selling stockholders, transaction expenses in the Business Combination, and for other general corporate purposes; ● the borrowing of $50.0 million from Hana Investments; ● the issuance of 13,758,449 NESR ordinary shares to Hana Investments in exchange for its NPS shares and as payment for interest accrued on Hana Investments’ $150.0 million purchase of NPS shares. Based on negotiations between NESR and Hana Investments, NESR paid $4.7 million of accrued interest in the form of NESR ordinary shares; ● the issuance of 11,318,828 NESR ordinary shares to the NPS selling stockholders in exchange for their NPS shares; ● the issuance of 25,309,848 NESR ordinary shares to certain owners of GES in exchange for their GES shares; and ● the assumption and subsequent conversion of the GES loan contracts and related interest from NESR Holdings into 3,036,381 NESR ordinary shares in exchange for its GES shares. The following summarizes the total consideration to purchase all of the issued and outstanding equity interests of NPS and GES (in thousands): NPS GES Value Shares Value Shares Total Cash consideration $ 319,015 - $ - - $ 319,015 Total consideration – cash 319,015 319,015 NESR ordinary share consideration 255,537 25,077 257,907 25,310 513,444 Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares) - - 30,941 3,036 30,941 Total consideration - equity (1) 255,537 25,077 288,848 28,346 544,385 Estimated earn-out mechanisms 16,203 - - 16,203 Total consideration $ 590,755 $ 288,848 $ 879,603 (1) The fair value of NESR ordinary shares was determined based upon the $10.19 per share closing price of NESR ordinary shares on June 6, 2018, the closing date of the Business Combination. Accounting treatment The Business Combination is accounted for under ASC 805. Pursuant to ASC 805, NESR has been determined to be the accounting acquirer. Refer to Note 2, Basis of presentation, for more information. NPS and GES both constitute businesses, with inputs, processes, and outputs. Accordingly, the acquisition of NPS and GES both constitute the acquisition of a business for purposes of ASC 805, and due to the change in control of each of NPS and GES, was accounted for using the acquisition method. NESR recorded the fair value of assets acquired and liabilities assumed from NPS and GES. The preliminary allocation of the consideration to the tangible and intangible assets acquired and liabilities assumed is based on various estimates. The purchase price allocation for the Business Combination is preliminary because of the timing of the Business Combination, calculation of working capital adjustments based on agreements between NESR and the selling shareholders, evaluation of legal contingencies and complexities in the valuation process. As such, material adjustments may result when the estimates are finalized, which will not extend beyond one year from the acquisition date. These adjustments will be recognized in the reporting period in which the adjustment amounts are determined. The following table summarizes the preliminary allocation of the purchase price allocation (in thousands): Allocation of consideration NPS GES (In thousands) Cash and cash equivalents $ 31,619 $ 5,206 Accounts receivable 55,788 19,145 Unbilled revenue 41,378 45,343 Inventories 33,652 31,092 Current assets 19,463 8,194 Property, plant and equipment 216,799 94,877 Intangible assets 94,000 52,010 Other assets 7,456 2,002 Total identifiable assets acquired 500,155 257,869 Accounts payable 26,457 31,113 Accrued expenses 28,686 25,388 Current portion of loans and borrowings - 16,368 Short-term borrowings 55,836 9,000 Current liabilities 7,159 11,558 Loans and borrowings 149,399 25,098 Other liabilities 23,549 2,202 Noncontrolling interest (2,841 ) 1,890 Net identifiable liabilities acquired 288,245 122,617 Total fair value of net assets acquired 211,910 135,252 Goodwill 378,845 153,596 Total gross consideration $ 590,755 $ 288,848 In the Successor Quarter, the Company updated its valuation of certain identifiable assets and liabilities as of June 6, 2018. These measurement period changes resulted in an increase of $56.8 million to goodwill. Corresponding changes were made to specific identifiable assets including a reduction to intangible assets of $32 million, property, plant and equipment of $15.5 million and accounts receivable of $12.6 million. Furthermore, other receivables, accounts payable, investments in joint ventures and other current liabilities were reduced by $4.7 million, $5.7 million, $2.6 million and $5.0 million, respectively. These adjustments had no material impact on the net income or total shareholders’ equity for the Successor Quarter. The gross contractual amount of accounts receivable at the closing date of the Business Combination was $60.8 million and $20.5 million for NPS and GES, respectively. Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805. The preliminary allocation to intangible assets is as follows (in thousands): Intangible assets Fair Value NPS GES Total Useful Life (In thousands) Customer contracts $ 77,000 $ 43,010 $ 120,010 10 years Trademarks and trade names 17,000 9,000 26,000 8 years Total intangible assets $ 94,000 $ 52,010 $ 146,010 Goodwill $532.4 million has been allocated to goodwill. Goodwill represents the excess of the gross consideration transferred over the fair value of the underlying net tangible and identifiable definite-lived intangible assets acquired. Qualitative factors that contribute to the recognition of goodwill include certain intangible assets that are not recognized as separate identifiable intangible assets apart from goodwill. Intangible assets not recognized apart from goodwill consist primarily of the strong market positions and the assembled workforces at the Subsidiaries. The amount allocated to goodwill and other intangible assets are subject to final adjustment to reflect the final valuations. Further, the Company is in the process of allocating the value of its intangible assets to the various entities. These allocations could have a material impact on the amount of deferred tax liabilities recognized associated with intangible assets, if any, and the amount allocated to goodwill. In accordance with FASB ASC Topic 350, Goodwill and Other Intangible Assets Transaction costs The Company incurred $17.2 million in advisory, legal, accounting, and management fees and $2.2 million of transaction costs paid in NESR shares through September 30, 2018, which includes the amounts the Company had spent prior to the closing of the Business Combination. These costs are recorded in general and administrative expense in the condensed consolidated statement of operations in connection with the Business Combination. Transaction costs are reported as a cash outflow from operating activities by the Company. Pro-forma information The following table summarizes the supplemental consolidated results of the Company on an unaudited pro forma basis, as if the Business Combination had been consummated on January 1, 2017 for three months and nine months ended September 30, 2018 and 2017 (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Revenues 145,580 117,890 394,496 336,693 Net income 16,157 21,969 29,754 26,011 These pro forma results were based on estimates and assumptions, which the Company believes are reasonable. They are not the results that would have been realized had the Company been a combined company during the periods presented and are not necessarily indicative of consolidated results of operations in future periods. The pro forma results include adjustments primarily related to purchase accounting adjustments. Acquisition costs and other non-recurring charges incurred in connection with the Business Combination are included in the earliest period presented. NPS revenue of $105 million and $275 million and net income of $17.9 million and $26.8 million, respectively, are included in the condensed consolidated statement of operations for the Successor Quarter and nine months ending September 30, 2018. GES revenue of $40.5 million and $119 million and net income of $4.3 million and $3.2 million, respectively, are included in the condensed consolidated statement of operations for the Successor Quarter and nine months ending September 30, 2018.

Accounts Receivable

Accounts Receivable	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Accounts Receivable	5. Accounts receivable The following table summarizes the accounts receivables for the periods as set forth below (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Trade receivables $ 83,762 $ 54,143 Other - 8,137 Less: allowance for doubtful accounts (7,004 ) (4,106 ) Total $ 76,758 $ 58,174 Trade receivables relate to the sale of services and products, for which credit is extended based on our evaluation of the customer’s credit-worthiness. The Company recorded an allowance for doubtful accounts of $0.6 million, $0.6 million, $2.4 million, $0.9 million and $0.9 million during the Successor Quarter, Successor Period, Predecessor Period, 2017 Predecessor Quarter and the 2017 Predecessor Period, respectively, in the consolidated statement of operations. The balance of allowance for doubtful accounts was $7.0 million and $4.1 million, as of September 30, 2018 and December 31, 2017, respectively.

Service Inventories

Service Inventories	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Service Inventories	6. Service inventories The following table summarizes the service inventories for the periods as set forth below (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Spare parts $ 33,325 $ 14,862 Chemicals 19,906 17,963 Raw materials 204 204 Consumables 16,498 237 Total 69,933 33,266 Less: allowance for obsolete and slow moving inventories (4,168 ) (953 ) Total $ 65,765 $ 32,313 The Company recorded allowance (credit) for obsolete service inventories of ($0.2) million, $1.1 million, $0.7 million, $0.2 million and $0.5 million during the Successor Quarter, Successor Period, Predecessor Period, 2017 Predecessor Quarter and the 2017 Predecessor Period, respectively, in the consolidated statement of operations. The balance of allowance for obsolete and slow-moving service inventories was $4.2 million and $1.0 million as of September 30, 2018 and December 31, 2017, respectively.

Property, Plant and Equipment

Property, Plant and Equipment	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Property, Plant and Equipment	7. Property, plant and equipment As described in Note 4, as a result of the Business Combination, property, plant and equipment were adjusted to reflect estimated fair value at the closing date for the Successor Period. Property, plant and equipment, net of accumulated depreciation, consist of the following at September 30, 2018 (Successor) and December 31, 2017 (Predecessor) (in thousands): Estimated Useful Lives (in years) Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Buildings and leasehold improvements 5 to 25 $ 14,324 $ 33,127 Drilling rigs, plant and equipment 3 to 15 243,825 409,462 Furniture and fixtures 5 1,408 2,871 Office equipment and tools 3 to 6 40,804 6,822 Vehicles and cranes 5 to 8 3,713 8,977 Less: Accumulated depreciation and impairment (17,442 ) (212,023 ) Land 5,266 9,380 Capital work in progress 12,829 5,653 Total $ 304,727 $ 264,269 The Company recorded depreciation expense of $14.2 million $19 million, $9.3 million, $8.9 million and $28.1 million during the Successor Quarter, Successor Period, Predecessor Period, 2017 Predecessor Quarter and the 2017 Predecessor Period, respectively, in the consolidated statement of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Goodwill and Intangible Assets	8. Goodwill and intangible assets Goodwill During the Successor Quarter, goodwill was allocated to reporting segments proportionately based on EBITDA (as defined in Note 18, Reportable Segments). Changes in the carrying amount of goodwill for September 30, 2018 (Successor) are as follows (in thousands): Production Services Drilling and Evaluation Services Goodwill Balance as of December 31, 2017 (Predecessor) 182,053 Elimination of Predecessor goodwill (182,053 ) Acquisition of businesses 391,308 141,133 532,441 Balance as of September 30, 2018 (Successor) $ 391,308 $ 141,133 $ 532,441 Intangible assets subject to amortization, net The following is the weighted average amortization period for intangible assets subject to amortization (in years): Amortization Customer contracts 10.0 Trademarks and trade names 8.0 Total intangible assets 9.6 The details of our intangible assets subject to amortization are set forth below (in thousands): Successor Predecessor September 30, 2018 December 31, 2017 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts $ 120,010 $ (4,000 ) $ 116,010 $ 58,770 $ (58,760 ) $ 10 Trademarks and trade names 26,000 (1,116 ) 24,884 - - - Total intangible assets $ 146,010 $ (5,116 ) $ 140,894 $ 58,770 $ (58,760 ) $ 10

Debt

Debt	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Debt	9. Debt Short-term debt The Company’s short-term debt obligations consist of the following (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Hana Loan $ 50,000 $ - Less: unamortized Hana loan origination fee (385 ) - Less: fair value deriviative liability in Hana loan (509 ) - Other short term borrowings 22,834 8,773 Short-term debt, net unamortized origination fee and excluding current installments $ 71,940 $ 8,773 Other short-term borrowings consist of financings for capital equipment purchases, factoring of invoices and letters of credit. Hana Loan agreement In connection with the Business Combination, on June 5, 2018, NESR entered into the Hana Loan with Hana Investments pursuant to which NESR borrowed $50.0 million on an unsecured basis. The Hana Loan matures on December 17, 2018 and can be prepaid at any time in cash or NESR ordinary shares at a conversion rate of $11.244 per share, at the election of the lender after NESR delivers five business days’ notice of its intent to repay the Hana Loan. The Hana Loan is interest bearing and will accrue interest at the greater of (i) an amount equal to $4.0 million or prorated if the loan is prepaid; and (ii) at a rate per annum equal to one-month Intercontinental Exchange LIBOR, adjusted monthly on the first day of each calendar month, plus a margin of 2.25% payable on maturity or prepaid. The interest is payable in NESR ordinary shares or cash at the election of the lender. The loan was subject to an origination fee of $0.6 million payable in NESR ordinary shares at $11.244 per share, which resulted in the issuance of 53,362 shares at closing of the Business Combination. In addition, Hana Investments has the right to convert the principal of the Hana Loan into NESR ordinary shares on or prior to maturity at a conversion rate of $11.244 per share. If as a result of exercising any conversion rights in the Hana Loan, Hana Investments’ total shareownership equals or exceeds 20% of the then outstanding NESR shares, then the conversion of any amount into NESR ordinary shares will be contingent upon NESR receiving any required shareholder approval for such issuance of NESR ordinary shares under applicable NASDAQ rules. Embedded derivative in Hana Loan The conversion feature in the Hana Loan qualifies as an embedded derivative under ASC Topic 815 Derivatives and Hedging and was bifurcated at inception from the Hana Loan. The Company estimates the fair value of this embedded conversion feature using the Goldman Sachs convertible note model and the Black Derman Toy model with the following assumptions: For the period ended September 30, 2018 For the period ended June 30, 2018 Annual Dividend yield 0.0 % 0.0 % Expected life (years) 0.20 0.46 Risk-free interest rate 2.1 % 2.1 % Expected volatility 46.7 % 46.7 % The following table presents the changes in fair value of the embedded conversion feature measured at fair value on a recurring basis for the period ended September 30, 2018 (in thousands): Balance June 30, 2018 $ 480 Change in fair value 29 Balance as of September 30, 2018 $ 509 The fair value has been recorded as a liability. Accordingly, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value will be reclassified to equity. Long-term debt The Company’s long-term debt obligations consist of the following (in thousands): Successor September 30, 2018 Predecessor December 31, 2017 Murabaha credit facility $ 150,000 $ 150,000 APICORP bilateral term facility 50,000 - SABB bilateral term facility 50,000 - Term loan Ahli Bank 2,858 - NBO loan $60,000 26,667 - NBO loan $20,000 4,130 - Less: unamortized debt issuance costs (323 ) (2,976 ) Total loans and borrowings 283,332 147,024 Less: current portion of long term debt 16,368 - Long-term debt, net unamortized debt issuance costs and excluding current installments $ 266,964 $ 147,024 Murabaha credit facility NPS entered into a syndicated Murabaha facility (the “NPS Murabaha Credit Facility”) for $150.0 million. Murabaha is an Islamic financing structure where a set fee is charged rather than interest. This type of loan is legal in Islamic countries as banks are not authorized to charge interest on loans, therefore banks charge a flat fee for continuing daily operations of the bank in lieu of interest. The NPS Murabaha Credit Facility is from a syndicate of three commercial banks. The NPS Murabaha Credit Facility is repayable in quarterly installments ranging from $1.1 million to $57.9 million commencing from August 1, 2019, with the last installment due on May 28, 2025. The NPS Murabaha Credit Facility carries a stated interest rate of three months LIBOR plus a fixed profit margin of 3.25% per annum. The NPS Murabaha Credit Facility was partially secured by personal guarantee of one individual shareholder on a pro-rata basis with his shareholding percentage. Letters of awareness were executed by the corporate shareholders as credit support for the NPS Murabaha Credit Facility. Effective upon closing of the Business Combination, NESR executed guarantees of the borrowings outstanding and additional borrowings under the NPS Murabaha Credit Facility. The NPS Murabaha Credit Facility contains certain covenants, which, among other things, require the maintenance of a total debt-to-total capitalization ratio, restrict certain merger transactions or the sale of all or substantially all of NPS’ assets or a significant subsidiary of NPS and limit the amount of NPS’ subsidiary indebtedness. Upon the occurrence of certain events of default, NPS’ obligations under the NPS Murabaha Credit Facility may be accelerated. Such events of default include payment defaults to lenders under the NPS Murabaha Credit Facility, covenant defaults and other customary defaults. As of September 30, 2018, NPS was in compliance with all of the credit facility’s covenants. APICORP bilateral term facility of $50.0 million NPS entered into a $50.0 million term loan facility on February 4, 2018 with Arab Petroleum Investors Corporation (“APICORP”) which was repaid on July 3, 2018. A new bilateral term loan facility for $50.0 million was obtained from APICORP and fully drawn by the Company on July 3, 2018. This facility was obtained to support investments and general business purposes for a period of four years and is repayable in 16 equal quarterly installments of $3.1 million, commencing from September 3, 2018, with the last installment due on May 3, 2022. The facility carries a stated interest rate of three months LIBOR plus the fixed interest of 2.75% per annum. The Company has provided a corporate guarantee for the facility. Costs incurred to obtain financing are capitalized and amortized using the effective interest method and netted against the carrying amount of the related borrowing. The facility contains covenants which include, among others, certain financial ratios to be maintained at the NPS level, including a gearing ratio of 1.5:1. The gearing ratio is calculated as all of NPS’s debt divided by NPS’ total equity and debt. SABB bilateral term facility of $50.0 million On July 9, 2018, the Company’s subsidiary National Petroleum Technology Company (“NPT KSA”) entered into a Bilateral Term Loan Facility (the “NPT KSA Facility”) for Saudi Riyals (“SAR”) 187.5 million ($50.0 million), of which SAR 93.75 million ($25.0 million) was drawn on July 9, 2018 and second tranche of SAR 93.75 million ($25 million) was drawn down on August 27, 2018. The NPT KSA Facility was obtained from Saudi Arabian British Bank (“SABB”) for a period of four years. The facility is repayable in 15 equal quarterly installments. For the drawn down amount of SAR 187.5 million ($50.0 million), quarterly installments of SAR 12.5 million ($3.3 million) are repayable commencing from September 9, 2018 with the last installment due on March 9, 2022. The NPT KSA Facility carries a stated interest rate of three months Saudi Arabian Interbank Offered Rate (“SAIBOR”) plus the fixed interest of 2.75% per annum. SAIBOR is a daily reference rate, published by the Saudi Arabian Monetary Authority, based on the averaged interest rates at which Saudi banks offer to lend unsecured funds to other banks in the Saudi Riyal wholesale money market (or interbank market). Certain subsidiaries of NPS provided a corporate guarantee of the facility. Costs incurred to obtain financing are capitalized and amortized using the effective interest method and netted against the carrying amount of the related borrowing. The NPT KSA Facility contains covenants which include, among others, certain financial ratios to be maintained at NPT KSA level, including a gearing ratio of 3:1. The gearing ratio is calculated as all NPT KSA’s debt divided by the NPT KSA’s total equity and debt. Term loan from Ahli Bank GES has a term loan of $4.3 million from Ahli Bank. This balance is repayable with nine quarterly installment starting seven months from the first drawdown until December 2019 and carries interest at the rate 3 months LIBOR + 4% per annum. $2.9 million of this loan is outstanding at September 30, 2018. This term loan has covenants which include, among others, certain financial ratios to be maintained, including maintaining a minimum debt service coverage ratio of 1.25. Of the outstanding amount of 2.9 million, $1.0 million is included in long term debt and $1.9 million is included as short term. NBO loans GES has a bank term loan with National Bank of Oman (“NBO”) in the amount of $60.0 million (“Tranche A”). At September 30, 2018, the outstanding amount on the Tranche A was $26.7 million. Tranche A carries interest at the rate of LIBOR + 3.50% per annum and is repayable with quarterly installments, starting six months from the drawdown in 18 equal installments until September 2020. Of the outstanding amount of $26.7 million, $13.4 million is included in long term debt and $13.3 million is included as short term. During 2017, GES obtained a new term loan facility from National Bank of Oman (“NBO”) in the amount of $20.0 million (“Tranche B”). $4.2 million of this loan was outstanding at September 30, 2018. Tranche B is repayable in equal quarterly installments starting 18 months from the first drawdown until June 2022. Of the outstanding amount of $4.2 million, $3.1 million is included in long term debt and $1.1million is included as short term. Tranche A and Tranche B contain covenants which include, among others, certain financial ratios to be maintained by GES, which include maintaining a minimum debt service coverage ratio of 1.25. Working capital funded facilities including overdraft, bill discounting and loan against trust receipts facility carry an interest equal to U.S. Dollar LIBOR for the applicable interest period, plus a margin of 3.50% per annum, and the bank overdraft carries an interest rate of LIBOR plus 3.5% subject to a floor level of 5%. Other debt information The maturities schedule presented below has been adjusted for the amendment to the facility agreement. Scheduled principal payments of long-term debt for years subsequent to September 30, 2018 are as follows (in thousands): 2018 $ 13,884 2019 44,822 2020 43,390 2021 37,695 2022 30,448 Thereafter 113,093 $ 283,332

Fair Value Accounting

Fair Value Accounting	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Fair Value Accounting	10. Fair value accounting The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability. The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands): Description Level Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Liabilities: Convertible option 3 $ 509 $ - Contingent consideration 3 16,597 - The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, unbilled revenue, accounts payable, loans and borrowings and an embedded derivative. Other than the embedded derivative, the fair value of the Company’s financial instruments approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature. The contingent consideration consists of the equity earn-outs included in the NPS stock purchase agreement that enables the sellers to receive additional consideration after the closing of the Business Combination. Refer to Note 4, Business combination, for further discussion. Contingent consideration obligations are measured at fair value and are based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. Significant increases (decreases) in these unobservable inputs in isolation would result in a significantly lower (higher) fair value measurement. The valuation of contingent consideration uses assumptions and estimates to forecast a range of outcomes and probabilities for the contingent consideration. The first and second equity earn-outs are tied to 2018 EBITDA performance measures and are quantified based on expected 2018 EBITDA targets being met. The equity earn-outs were valued using a Monte Carlo simulation in a risk-neutral framework using Geometric Brownian Motion and have an undiscounted range of outcomes between $0 and $33.4 million. The simulation was calibrated to management’s forecasts. The assumptions in the analysis include the projected 2018 NESR EBITDA, volatility of the 2018 NESR EBITDA projection, NESR stock price, volatility of NESR stock price, correlation between 2018 NESR EBITDA and NESR stock price, NESR’s weighted average cost of capital and prevailing interest rates. The model used the following assumptions: At September 30, 2018 At June 30, 2018 Stock price $ 11.62 $ 10.185 Volatility 36.67% - 46.88 % 36.67% - 46.88 % Correlation 0.5 0.5 Weighted average cost of capital 16.5 % 16.5 % Interest rates 1.96% - 2.14 % 1.96% - 2.14 % The Company will assess the assumptions and estimates on a quarterly basis as additional data impacting the assumptions is obtained. Any changes in the fair value of contingent consideration related to updated assumptions and estimates will be recognized within selling, general and administrative expenses in the consolidated statements of operations during the period in which the change occurs.

Employee Benefits

Employee Benefits	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Employee Benefits	11. Employee benefits Benefit plans The Company provides defined benefit plan of severance pay to the eligible employees. The severance pay plan provides for a lump sum payment to employees on separation (retirement, resignation, death while in employment or on termination of employment) of an amount based upon the employees last drawn salary and length of service, subject to the completion of minimum service period (1-2 years) and taking into account the provisions of local applicable law or as per employee contract. The Company records annual amounts relating to these long-term employee benefits based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, compensation increases and turnover rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in the condensed consolidated statement of operations. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience and market conditions. The net periodic costs are recognized as employees render the services necessary to earn these benefits. The Company also provides a defined contribution retirement plan and occupational hazard insurance for Omani employees. Contributions to a defined contribution retirement plan and occupational hazard insurance for Omani employees in accordance with the Omani Social Insurances Law are recognized as an expense in the condensed consolidated statement of operations as incurred. The components of the net periodic benefit cost were as follows (in thousands): Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Service Cost $ 964 $ 1,153 $ 866 $ 397 $ 1,379 Interest Cost 178 208 168 100 302 Gain or loss component 81 70 375 202 608 Total net periodic benefit cost $ 1,223 $ 1,431 $ 1,409 $ 699 $ 2,289 Employer contributions The Company made contributions to its benefit plans of $0.7 million, $0.9 million, $0.7 million, $0.1 million and $1.0 million during the Successor Quarter, Successor Period, Predecessor Period, 2017 Predecessor Quarter and the 2017 Predecessor Period, respectively. The scheme of the Company is unfunded.

Share-Based Compensation

Share-Based Compensation	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Share-Based Compensation	12. Share-based compensation On May 18, 2018, the NESR shareholders approved the NESR 2018 Long Term Incentive Plan (the “LTIP”), effective upon the closing of the Business Combination. A total of 5,000,000 ordinary shares are reserved for issuance under the LTIP. The board of directors approved the LTIP on February 9, 2018, including the performance criteria upon which performance goals may be based. The purpose of the LTIP is to enhance NESR’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to NESR by providing these individuals with equity ownership opportunities. The Company intends to use share-based awards to reward long-term performance of the executive officers. The Company believes that providing a meaningful portion of the total compensation package in the form of share-based awards will align the incentives of its executive officers with the interests of its shareholders and serve to motivate and retain the individual executive officers. During the Successor Quarter, the Company awarded 685,000 restricted stock units (“RSUs”) under the LTIP at a value of $7.5 million. The RSUs were allocated to the recipients at a grant date fair value of $11 per share and vest ratably on an annual basis over a 3-year period (1/3 of the shares vest at the anniversary of the grant date). A corresponding expense related to these awards of $0.3 million was recorded in the condensed consolidated statement of operations in the Successor Quarter. The remaining balance will be amortized over a period of approximately 34 months on a straight-line basis.

Commitments and Contingencies

Commitments and Contingencies	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Commitments and Contingencies	13. Commitments and contingencies Capital expenditure commitments The Company was committed to incur capital expenditure of $28.1 million at September 30, 2018. These commitments are expected to be settled during 2018 and 2019. Operating lease commitments Future minimum lease commitments under non-cancellable operating leases with initial or remaining terms of one year or more at September 30, 2018, are payable as follows (in thousands): Remainder of 2018 $ 2,229 2019 4,416 2020 2,790 2021 2,476 2022 2,014 2023 1,924 Thereafter 1,924 Total $ 17,773 The Company recorded rental expense of $25.2 million, $31.2 million, $19.5 million, $7.9 million and $21.8 million during the Successor Quarter, Successor Period, Predecessor Period, 2017 Predecessor Quarter and the 2017 Predecessor Period, respectively, in the consolidated statement of operations. Other commitments The Company has outstanding letters of credit amounting to $8.6 million as at September 30, 2018. As of September 30, 2018, and December 31, 2017, the Company had a liability of $6.7 million and $4.5 million, respectively, on the condensed consolidated balance sheet included in the line item “Other liabilities” reflecting various tax liabilities associated with the 2014 acquisition of NPS Bahrain. In the normal course of business with customers, vendors and others, the Company has entered into off-balance sheet arrangements, such as surety bonds for performance, and other bank issued guarantees, which totaled $38.6 million and $37.8 million as of September 30, 2018 and December 31, 2017, respectively. A liability is accrued when a loss is both probable and can be reasonably estimated. None of the off-balance sheet arrangements either has, or is likely to have, a material effect on our condensed consolidated interim financial statements. Registration rights The Company is a party to various registration rights agreements with holders of its securities. These registration rights agreements provide certain holders with demand and “piggyback” registration rights, and holders have other rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The registration rights are subject to various limitations. The Company generally bears the expenses incurred in connection with the filing of any such registration statements. On July 16, 2018, the Company filed a registration statement on Form F-3 pursuant to the registration rights agreements, which was declared effective on August 22, 2018. Litigation The Company is involved in certain legal cases in the normal course of business, the outcome of which is currently subject to uncertainties and therefore the probability of a loss, if any, being sustained and an estimate of the amount of any loss are difficult to ascertain. Consequently, it is not possible to make a reasonable estimate of the expected financial effect, if any, that will result from ultimate resolution of these disputes. The Company is contesting these claims/disputes and the Company management believes that presently provision against these potential claims is not required as the ultimate outcome of these disputes would not have a material impact on the Company’s financial position.

Equity

Equity	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Equity	14. Equity The Company is authorized to issue an unlimited number of ordinary shares, no par value, and preferred shares, no par value. The Company’s ordinary shares are entitled to one vote for each share. As of the date of this Report, there were 85,562,769 ordinary shares outstanding, 22,921,700 public warrants and 12,618,680 private warrants. Each warrant entitles the registered holder to purchase one-half of one ordinary share at a price of $5.75 per half share at any time commencing on July 6, 2018 (30 days after the completion of the Business Combination). The warrants must be exercised for whole ordinary shares. No public warrants are exercisable for cash unless there is an effective and current registration statement covering the ordinary shares issuable upon exercise of the warrants and a current prospectus relating to such ordinary shares. The private warrants are identical to the public warrants except that such warrants are exercisable for cash (even if a registration statement covering the ordinary shares issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable so long as they are still held by the initial purchasers or their affiliates. The warrants expire on June 6, 2023 (five years after the completion of the Business Combination). The Company is authorized to issue an unlimited number of preferred shares divided into five classes with designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of September 30, 2018, there were no preferred shares currently issued or outstanding. At the Closing Date, there were 11,730,425 ordinary shares outstanding that were not subject to possible redemption and 16,921,700 ordinary shares that were subject to possible redemption as a result of the Business Combination that were recorded outside of permanent equity as a liability on NESR’s condensed consolidated balance sheet. On the Closing Date, the 16,921,700 ordinary shares were reclassed to permanent equity at the fair value of $165.2 million (redemption value of $10.11 per share less $0.35 underwriting fee per share or $9.76 per share). Of the ordinary shares reclassed, 1,916,511 ordinary shares were redeemed for $19.4 million ($10.11 per share). In connection with the completion of the Business Combination, $3.7 million in NESR ordinary shares (307,465) was issued for underwriting fees. As discussed in Note 4, Business combination, pursuant to the NPS stock purchase agreement dated November 12, 2017, Hana Investments exchanged its portion of the acquired NPS shares, totaling 83,660,878 shares, for 13,340,448 NESR ordinary shares, including accrued interest, at the time that NESR completed the Business Combination. At closing of the Business Combination, NESR purchased the remaining outstanding NPS shares with $292.8 million in cash and 11,318,828 NESR ordinary shares, subject to certain adjustments. Also, on the Closing Date, the Company paid interest totaling $4.7 million in stock (418,001 ordinary shares) to Hana Investments. As discussed in Note 9, Debt, on June 5, 2018, in connection with the Business Combination, NESR entered into the Hana Loan with Hana Investments pursuant to which NESR borrowed $50.0 million on an unsecured basis. The loan was subject to an origination fee of $0.6 million payable in NESR ordinary shares at $11.244 per share, which resulted in the issuance of 53,362 shares at closing of the Business Combination. In connection with the Business Combination, on June 5, 2018, the Company entered into a Relationship Agreement with Hana Investments (the “Olayan Relationship Agreement”), to set out certain rights to which Hana Investments will be entitled as a shareholder of the Company and certain obligations of the Company and NESR Holdings. The Company reimbursed Hana Investments for transaction fees and expenses in the amount of $2.1 million through the issuance of NESR ordinary shares at a conversion rate of $11.244 per share (213,447 ordinary shares) at closing of the Business Combination. On June 6, 2018, NESR acquired 88% of the outstanding shares of GES from certain owners of GES in exchange for the issuance of 25,309,848 NESR ordinary shares, and NESR Holdings acquired the remaining 12% of the outstanding shares of GES for a total cash purchase price of $29.3 million as discussed in Note 4, Business combination. NESR Holdings organized financing of the acquisition through certain loan contracts and assigned the GES shares which it acquired to NESR, and NESR assumed the obligation to satisfy the loan contracts. NESR elected to issue NESR ordinary shares to satisfy the loan contracts and issued a total of 3,036,381 NESR ordinary shares in settlement of the loan contracts and accrued interest. In connection with the Business Combination, on April 27, 2018, the Company entered into the Forward Purchase Agreement with the Backstop Investor, as discussed in Note 4, Business combination. On the Closing Date, the Company drew down $48,293,763 under the primary placement of the Forward Purchase Agreement and issued 4,829,375 ordinary shares to the Backstop Investor. Predecessor convertible shares As part of NPS’s acquisition of NPS Bahrain in 2014, NPS issued a total of 37,000,000 convertible shares to two of NPS Bahrain’s shareholders, Mr. Abdulaziz Mubarak Al-Dolaimi and Mr. Fahad Abdulla Bindekhayel (selling shareholders). These shares were issued to provide security against certain tax and related indemnities given by the selling shareholders at the time of acquisition of NPS Bahrain. The convertible shares had the same rights and ranked pari passu with the NPS common shares, including the right to participate in any dividend declared for ordinary shares and valued at $1 per share. Under the terms of the convertible shares, in the event any indemnity claims were settled by the selling shareholders by providing cash to NPS, an equivalent amount of convertible shares would be converted into NPS common shares. However, in the event the indemnity claims were not settled by the selling shareholders, an equivalent amount of convertible shares would be cancelled by NPS. These convertible shares are equity classified because the conversion to equity shares or the cancellation of the same is at the option of NPS. At the end of the June 2019, unless all indemnity claims were settled to the satisfaction of NPS, half of the convertible shares were to convert into NPS common shares and the balance on extinguishment of contingencies. The convertible shares were cancelled at closing of the Business Combination.

Income Per Share

Income Per Share	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Income Per Share	15. Income per share Predecessor Basic income per common share was computed using the two-class method by dividing basic net income attributable to common shareholders by the weighted-average number of common shares outstanding. Diluted income per common share was computed using the two-class method by dividing diluted net income attributable to common shareholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding contracts to issue common shares as if they were exercised or converted. The following table sets forth the calculation of basic and diluted earnings per common share for the periods presented: 2018 2017 Period from January 1 to June 6 Period from July 1 to September 30 Period from January 1 to September 30 Weighted average basic common shares outstanding 348,524,566 342,250,000 342,250,000 Dilutive potential common shares 21,475,434 27,750,000 27,750,000 Weighted average dilutive common shares outstanding 370,000,000 370,000,000 370,000,000 Basic: Net Income 7,617,000 11,238,000 22,709,000 Less: Earnings allocated to participating securities 192,183 (26,599 ) (75,000 ) Net income available to basic common shares 7,809,183 11,211,401 22,634,000 Basic earnings per common share 0.02 0.03 0.07 Diluted: Net Income 7,617,000 11,238,000 22,709,000 Less: Earnings allocated to participating securities 181,077 (25,214 ) (70,000 ) Net income available to diluted common shares 7,798,077 11,212,786 22,639,000 Diluted earnings per common share 0.02 0.03 0.06 Successor The Company did not have any participating securities that would require adjustments to the numerator of earnings per share for the periods ended September 30, 2018. The following table provides a reconciliation of the data used in the calculation of basic and diluted common shares outstanding for the periods as tabulated below: Basic – Year to Date Change in Total Shares Date Transaction Detail Shares Outstanding 12/31/2017 Beginning Balance 11,730,425 6/6/2018 Backstop shares 4,829,375 16,559,800 6/6/2018 Underwriter shares 307,465 16,867,265 6/6/2018 Shares issued to NPS/GES 53,690,315 70,557,580 6/6/2018 Shares transferred to perm equity 15,005,189 85,562,769 6/30/2018 Ending Balance 85,562,769 Dilutive – Year to Date Weighted avg units outstanding 85,562,769 Dilutive common shares 277,543 Weighted avg dilutive units outstanding 85,840,312 The following table sets forth the calculation of basic and diluted earnings per common share for the periods presented: 2018 Period from July 1 to September 30 Period from June 6 to September 30 Weighted average basic common shares outstanding 85,562,769 85,562,769 Dilutive potential common shares from grant of restricted stock units 349,946 277,543 Weighted average dilutive common shares outstanding 85,912,715 85,840,312 Basic: Net Income 16,110,000 12,362,000 Less: Earnings allocated to participating securities - - Net income available to basic common shares 16,110,000 12,362,000 Basic earnings per common share 0.19 0.14 Diluted: Net Income 16,110,000 12,362,000 Less: Earnings allocated to participating securities - - Net income available to diluted common shares 16,110,000 12,362,000 Diluted earnings per common share 0.19 0.14

Income Taxes

Income Taxes	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Income Taxes	16. Income taxes NESR is a holding company incorporated in the British Virgin Islands which imposes a zero percent statutory corporate income tax rate. The Subsidiaries operate in multiple tax jurisdictions throughout the MENA and APAC regions. NPS is based in the Emirate of Dubai in the UAE where no federal taxation exists and operates in 12 countries, where statutory tax rates generally vary from 0% to 35%. GES is based in the Sultanate of Oman, which has a 15% statutory corporate income tax rate, and also operates in the Kingdom of Saudi Arabia, Algeria, Kuwait and Yemen. The provision for income taxes is based on the tax laws and rates applicable in the jurisdictions in which we operate and earn income. For the Successor Period, the Company’s estimated effective tax rate was 19.5% based on estimated annual income from continuing operations before income taxes. For the Predecessor Period the Company’s effective tax rate was 7.3%. For the Successor Period, the Company has not recorded deferred tax amounts related to the Business Combination purchase price allocation adjustments because the Company is in the process of allocating the value of its intangible assets to the various entities. Accordingly, the deferred tax impact, if any, related to the Business Combination purchase price allocation adjustments will be included in the financial statements for the year ending December 31, 2018.

Related Party Transactions

Related Party Transactions	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Related Party Transactions	17. Related party transactions Mubadarah GES leases office space in a building it owns to Mubadarah Investment LLC (“Mubadarah”) along with other Mubadarah group entities. GES charges rental income to these group entities for the occupation of office space, based on usage. Rental income charged by GES to Mubadarah group entities amounted to $43 thousand and $57 thousand in the Successor Quarter and Successor Period, respectively. The outstanding balance of payables to Mubadarah was $0.1 million at September 30, 2018. Mubadarah is owned by Hilal Al Busaidy and Yasser Al Barami, and, collectively with Mubadarah, own 22% of the Company. Heavy Equipment Manufacturing & Trading LLC (“HEMT”) HEMT is 99% owned by Tasneea Oil & Gas Technology LLC (“Tasneea”), which is 80% owned by Mubadarah and 20% owned by GES, and 1% owned by Hilal Al Busaidy. HEMT is engaged by various subsidiaries of GES for services such as fabrication, manufacturing and maintenance of tools and equipment. HEMT has charged GES amounts of $0.4 million and $0.5 million in the Successor Quarter and Successor Period ended September 30, 2018, respectively in relation to these services. Esnaad Solutions LLC (“Esnaad”) Esnaad is 99% owned by Mubadarah and is a supply chain company involved in the sourcing and procurement of products for the oil and gas industry. Charges totaling $0.8 million and $1.4 million were recorded in the Successor Quarter and Successor Period, respectively, against the purchase of chemicals, drilling fluids, materials and supplies. Key Management and Founders Hilal Al Busaidy and Yasser Al Barami are both founding shareholders of GES. Certain shares owned by them were converted into NESR shares as part of the Business Combination. GES has made advances to these former members of GES management prior to the Business Combination. The cumulative advances outstanding as at September 30, 2018 were $1.9 million.

Reportable Segments

Reportable Segments	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Reportable Segments	18. Reportable segments Operating segments are components of an enterprise where separate financial information is available that are evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The Company reports segment information based on the “management” approach and its CODM is its Chief Executive Officer. The Company’s services are similar to one another in that they consist of oilfield services and related offerings, whose customers are oil and gas companies. The results of operations of the service offerings are regularly reviewed by the CODM for the Company for the purposes of determining resource and asset allocation and assessing performance. The Company has determined that it has two reportable segments, Production Services and Drilling and Evaluation Services. Management evaluates the operating results of its reportable segments primarily based on revenue and segment EBITDA. The Company defines EBITDA as net income adjusted for interest expense, depreciation and amortization, and income tax benefit or expense. Segment EBITDA does not include general corporate expenses as these expenses are not allocated to the Company’s reportable segments and not reported to the Company’s CODM. Production Services that are offered depend on the well life cycle in which the services may fall. They include, but are not limited to, the following types of service offerings: coil tubing, stimulation and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services. Drilling and Evaluation Services generates its revenue from offering the following service offerings: drilling and workover rigs, rig services, drilling services and rentals, fishing and remedials, directional drilling, turbines drilling, drilling fluids, wireline logging services, slickline services and well testing services. The Company’s operations and activities are located within certain geographies, primarily the Middle East and North Africa (MENA) region and the Asia Pacific region, which includes Malaysia, Indonesia and India. In accordance with FASB ASC 280 - Segment Reporting, information on revenues and long-lived assets of the operations of the Company are disclosed below (in thousands): Revenue from operations Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Production Services $ 88,666 $ 117,268 $ 112,295 $ 59,164 $ 164,493 Drilling and Evaluation Services 56,914 73,298 24,732 11,289 29,288 Total $ 145,580 $ 190,566 $ 137,027 $ 70,453 $ 193,781 Long-lived asset Successor (NESR) Predecessor (NPS) 2018 2017 September 30 December 31 Reportable Segment Production Services $ 196,232 $ 180,289 Drilling and Evaluation Services 95,019 58,923 Unallocable Assets 13,476 25,057 Total $ 304,727 $ 264,269 EBITDA Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Production Services $ 33,180 $ 41,952 $ 36,836 $ 21,252 $ 58,463 Drilling and Evaluation Services 17,630 18,905 3,267 1,618 3,277 Unallocated Costs (6,770 ) (13,453 ) (9,651 ) (1,973 ) (6,786 ) Total $ 44,040 $ 47,404 $ 30,452 $ 20,897 $ 54,954 Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Net Income $ 16,157 $ 12,190 $ 6,736 $ 10,680 $ 20,939 Add: Income taxes 3,989 2,960 2,342 (313 ) 1,641 Interest expense, net 6,199 8,099 4,090 712 3,985 Depreciation and amortization 17,695 24,155 17,284 9,818 28,389 Total EBITDA $ 44,040 $ 47,404 $ 30,452 $ 20,897 $ 54,954 Revenue by geographic area Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Geographic Area MENA $ 143,914 $ 188,488 $ 134,479 $ 69,585 $ 190,982 Other Countries 1,666 2,078 2,548 868 2,799 Total $ 145,580 $ 190,566 $ 137,027 $ 70,453 $ 193,781 Long-lived assets by geographic area Successor (NESR) Predecessor (NPS) 2018 2017 September 30 December 31 Geographic Area MENA $ 295,987 $ 258,382 Other Countries 8,740 5,887 Total $ 304,727 $ 264,269 Significant clients Revenues from three customers of the Company individually accounted for 43%, 18%, and 10%, respectively, of the Company’s consolidated revenues for the Successor Quarter. Two customers of NPS individually accounted 49% and 16% in the 2018 Predecessor Period. Three customers of NPS individually accounted for 44.7%, 12.7% and 12.5%, respectively in the 2017 Predecessor Quarter and 44.4%, 14% and 11.6%, respectively, in the 2017 Predecessor Period.

Subsequent Events

Subsequent Events	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Subsequent Events	19. Subsequent events The Company evaluated subsequent events and transactions that occur after the balance sheet date up to the date that the consolidated financial statements are issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated financial statements. Agreement to Sell and Transfer Shares between NPS Energy Holding W.L.L. and Saad Moosa Noor AL Junaibi and Fahoud Oilfield Services L.L.C. NPS Energy Holding W.L.L. and Mr. Saad Moosa AL Junaibi and Fahoud Oilfield Services L.L.C. (“FES”) entered into an agreement on July 16, 2018 to sell 51% of the shares in FES for $4.0 million. The consideration associated with this agreement was paid during the Successor Quarter and presented in the consolidated financial statements. The share transfers required were completed in October, 2018 and the sale is now finalized.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Consolidation	Consolidation The Company consolidates entities in which the Company has a majority voting interest and entities that meet the criteria for variable interest entities for which the Company is deemed to be the primary beneficiary for accounting purposes. The Company eliminates intercompany transactions and accounts in consolidation. The Company applies the equity method of accounting for an investment in an entity if it has the ability to exercise significant influence over the entity that (a) does not meet the variable interest entity criteria or (b) meets the variable interest entity criteria, but for which the Company is not deemed to be the primary beneficiary. The Company applies the cost method of accounting for an investment in an entity if it does not have the ability to exercise significant influence over the unconsolidated entity. The Company separately presents within equity on the consolidated balance sheets the ownership interests attributable to parties with non-controlling interests in our consolidated subsidiaries, and separately presents net income attributable to such parties on the consolidated statements of operations.
Cash and Cash Equivalents	Cash and cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
Income Taxes	Income taxes The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial accounting and tax basis of assets and liabilities that will result in future deductible or taxable amounts, based on enacted tax laws and rates applicable to the periods in which the deductible or taxable temporary differences are expected to affect taxable income. Valuation allowances are established when it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC Topic 740 prescribes a recognition and measurement threshold for evaluating tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position, based solely on the technical merits, must be more-likely-than-not to be sustained upon examination by taxing authorities. The Subsidiaries operate in multiple tax jurisdictions in the Middle East, North Africa and Asia. The Company has provided for income taxes based on enacted tax laws and tax rates in effect in the foreign countries where the Company operates and earns income. The income taxes in these jurisdictions vary substantially. The Company engages in transactions in which the tax consequences may be subject to uncertainty and examination by the varying taxing authorities. Significant judgment is required by the Company’s management in assessing and estimating the tax consequences of these transactions. While the Company prepares tax returns based on interpretations of tax laws and regulations, in the normal course of business the tax returns may be subject to examination by the various taxing authorities. Such examinations may result in future assessments of additional tax, interest and penalties. For purposes of the Company’s income tax provision, a tax benefit is not recognized if the tax position is not more likely than not to be sustained based solely on its technical merits. Considerable judgment is involved in determining which tax positions are more likely than not to be sustained. The Company’s management has not completed its review of unrecognized tax benefits at the Subsidiaries related to the Business Combination.
Net Income Per Ordinary Share	Net income per ordinary share Basic income per ordinary share was computed by dividing basic net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding. Diluted income per ordinary share was computed by dividing diluted net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding plus dilutive potential ordinary shares, if any. Dilutive potential ordinary shares include outstanding warrants or other contracts to issue ordinary stock and are determined by applying the treasury stock method or if-converted method, as applicable, if dilutive.
Concentration of Credit Risk	Concentration of credit risk The Company’s assets that are exposed to concentrations of credit risk consist primarily of cash and receivables from customers. The Company places its cash with financial institutions and limits the amount of credit exposure with any one of them. The Company regularly evaluates the creditworthiness of the issuers in which it invests. The Company minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties.
Fair Value of Financial Instruments	Fair value of financial instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, unbilled revenue, accounts payable, loans and borrowings, contingent payment and an embedded derivative. Other than the embedded derivative and contingent consideration, the fair value of the Company’s financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying condensed consolidated balance sheet, primarily due to their short-term nature. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: ● Level 1 - Quoted prices in active markets for identical assets or liabilities. ● Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts receivable and allowance for doubtful accounts Trade accounts receivable are recorded at the invoiced amount. No interest is charged on past-due balances. The Company grants credit to customers based upon an evaluation of each customer’s financial condition. The Company periodically monitors the payment history and ongoing creditworthiness of customers. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowances management considers historical losses adjusted to take into account current market conditions and the customer’s financial conditions, the amount of receivable in dispute, current receivables ageing and current payment patterns. Significant accounts receivable balances and balances that have been outstanding greater than 90 days are reviewed for collectability. Account balances, when determined to be uncollectable, are charged against the allowance.
Service Inventories	Service inventories The Company’s service inventory consists of spare parts, chemicals and raw materials to support ongoing operations which are held for the purpose of service contracts and are measured at the lower of cost or net realizable value. The cost is based on the weighted average cost principle and includes expenditures incurred in acquiring the service inventories. Net realizable value is the estimated selling price less estimated costs of completion and selling expenses incurred in the ordinary course of business. The Company determines reserves for service inventory based on historical usage of inventory on-hand, assumptions about future demand and market conditions and estimates about potential alternative uses, which are limited.
Property, Plant and Equipment	Property, plant and equipment Property, plant and equipment is stated at cost less accumulated depreciation. The cost of ordinary maintenance and repair is charged to operating expense, while replacement of critical components and major improvements that extend the life of the related asset are capitalized. Capital work in progress mainly represents costs incurred on drilling rigs and equipment that are in transit at the reporting date. No depreciation is charged to capital work in progress. Depreciation of property, plant and equipment is calculated using the straight-line method over the asset’s estimated useful life as follows: Buildings and leasehold improvements 5 to 25 years or the estimated lease period, whichever is shorter Drilling rigs, plant and equipment 3 to 15 years Furniture and fixtures 5 years Office equipment and tools 3 to 6 years Vehicles and cranes 5 to 8 years Property, plant and equipment is reviewed for impairment on an annual basis or whenever events or changes in circumstances indicate the carrying value of an asset or asset group may not be recoverable. Events or circumstances that may indicate include, but are not limited to, matters such as a significant decline in market value or a significant change in business climate (“triggering events”). An impairment loss is recognized when the carrying value of an asset exceeds the estimated undiscounted future cash flows from the use of the asset and its eventual disposition. The amount of impairment loss recognized is the excess of the asset’s carrying value over its fair value. In determining the fair market value of the assets, the Company considers market trends and recent transactions involving sales of similar assets, or when not available, discounted cash flow analysis. The Company has not recorded any impairment charges of property, plant and equipment in the accompanying consolidated statement of operations for any of the periods presented. Assets to be disposed of are reported at the lower of the carrying value or the fair value less cost to sell. Upon sale or other disposition of an asset, the Company recognizes a gain or loss on disposal measured as the difference between the net carrying value of the asset and the net proceeds received.
Goodwill	Goodwill Goodwill is the excess cost of an acquired entity over the amounts assigned to assets acquired and liabilities assumed in a business combination. Goodwill is evaluated for impairment on an annual basis, or more frequently if circumstances require. The Company performs a qualitative assessment to determine whether it is more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount. If the Company determines, as a result of its qualitative assessment, that it is not more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount, no further testing is required. If the Company determines, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of the applicable reporting unit is less than its carrying amount, a goodwill impairment assessment is performed using a two-step, fair-value based test. Under the first step, goodwill is reviewed for impairment by comparing the carrying value of the reporting unit’s net assets (including allocated goodwill) to the fair value of the reporting unit. The fair value of the reporting units is determined using a discounted cash flow approach. Determining the fair value of a reporting unit requires judgment and the use of significant estimates and assumptions. Such estimates and assumptions include revenue growth rates, discount rates, operating margins, weighted average costs of capital, market share and future market conditions, among others. If the reporting unit’s carrying value is greater than its fair value, a second step is performed whereby the implied fair value of goodwill is estimated by allocating the fair value of the reporting unit in a hypothetical purchase price allocation analysis. If the amount of goodwill resulting from this hypothetical purchase price allocation is less than the carrying value of the reporting unit’s goodwill, the recorded carrying value of goodwill is written down to the implied fair value. The Company has not recorded any impairment charge for goodwill in the accompanying consolidated statement of operations for any of the periods presented.
Intangible Assets	Intangible assets Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805. The Company’s intangible assets with finite lives consist of customer contracts, trademarks and trade names and software. The cost of intangible assets with finite lives is amortized over the estimated period of economic benefit, ranging from five to nine years. Asset lives are adjusted whenever there is a change in the estimated period of economic benefit. No residual value has been assigned to these intangible assets. Intangible assets with finite lives are tested for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. These conditions may include a change in the extent or manner in which the asset is being used or a change in future operations. The Company assesses the recoverability of the carrying amount by preparing estimates of future revenue, margins and cash flows. If the sum of expected future cash flows (undiscounted) is less than the carrying amount, an impairment loss is recognized. The impairment loss recognized is the amount by which the carrying amount exceeds the fair value. Fair value of these assets may be determined by a variety of methodologies, including discounted cash flow models.
Commitments and Contingencies	Commitments and contingencies The Company accrues for costs relating to litigation claims and other contingent matters, including liquidated damage liabilities, when such liabilities become probable and reasonably estimable. In circumstances where the most likely outcome of a contingency can be reasonably estimated, the Company accrues a liability for that amount. Where the most likely outcome cannot be estimated, a range of potential losses is established and if no one amount in that range is more likely than others, the low end of the range is accrued. Such estimates may be based on advice from third parties or on management’s judgment, as appropriate. Revisions to contingent liabilities are reflected in income in the period in which different facts or information become known or circumstances change that affect the Company’s previous judgments with respect to the likelihood or amount of loss. Amounts paid upon the ultimate resolution of contingent liabilities may be materially different from previous estimates and could require adjustments to the estimated reserves to be recognized in the period such new information becomes known.
Revenue Recognition	Revenue recognition The Company’s revenues are generated principally from providing services and related equipment as well as renting tools and equipment. Revenues associated with services are recognized when the services are rendered and collectability is reasonably assured. Revenues from services and equipment are based on fixed or determinable priced purchase orders or contracts with the customer and do not include the right of return. Rates for services and equipment are priced on a per day, per unit of measure, per man hour or similar basis. Sales taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from revenues in the condensed consolidated statements of operations. Services performed but not billed at the end of the reporting period are classified as unbilled revenues. Unbilled revenues for services performed are calculated based on the rates stated in the purchase orders or contracts with the customers. Unbilled revenues are typically billed within one to six months depending on the nature of customer contract. Revenue associated with the rental of tools and equipment is recorded on the basis of daily hire rates applicable under the relevant agreement on a straight-line basis.
Segment Information	Segment information An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses and about which separate financial information is regularly evaluated by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources. Similar operating segments can be aggregated into a single operating segment if the businesses are similar. Management has determined that the Company has two operating segments and two reportable segments, which reflects the manner in which the CODM operates the Company. The Company’s CODM is its Chief Executive Officer.
Stock-Based Compensation Arrangements	Stock-based compensation arrangements The Company recognizes all employee stock-based compensation as a cost in the condensed consolidated interim financial statements. Equity-classified awards are measured at the grant date fair value of the award. The Company estimates grant date fair value using the Black-Scholes option-pricing model and estimates the number of forfeitures expected to occur. The Company’s estimates may be impacted by certain variables including, but not limited to, stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures, the Company’s performance, and related tax impacts. The Company has a long-term incentive plan that has been approved by the board of directors and shareholders.
Derivative Financial Instruments	Derivative financial instruments The Company evaluates all of its financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as an embedded derivative. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as other income (expense).
Recent Accounting Pronouncements	Recent accounting pronouncements As an emerging growth company, the Company has elected the option to defer the effective date for adoption of new or revised accounting guidance. This option allows the Company to adopt new guidance on the effective date for entities that are not public business entities.
Recently Issued Accounting Standards Not Yet Adopted	Recently issued accounting standards not yet adopted On August 28, 2018 the Financial Accounting Standards Board (FASB), issued Accounting Standards Update (ASU) No 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” ASU No. 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. On August 6, 2018 the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements”. This ASU is intended to reduce costs and ease implementation of the leases standard for financial statement preparers. ASU 2018-11 provides a new transition method and a practical expedient for separating components of a contract. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption. Additionally, the amendments in ASU 2018-11 provide lessors with a practical expedient, by class of underlying asset, to not separate non-lease components from the associated lease component and, instead, to account for those components as a single component if the non-lease components otherwise would be accounted for under the new revenue guidance (Topic 606). This update is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, “Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.” ASU 2018-07 expands the scope of Topic 718, Compensation—Stock Compensation (which currently only includes share-based payments to employees) to include share-based payments issued to nonemployees for goods or services. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. On February 14, 2018, the FASB issued ASU No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI).” These amendments provide an option to reclassify stranded tax effects with AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. The ASU requires financial statement disclosures that indicate a description of the accounting policy for releasing income tax effects from AOCI; whether there is an election to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act and information about the other income tax effects are reclassified. These amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement-Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by U.S. GAAP. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, which amends the presentation of net periodic pension and postretirement benefit cost (“net benefit cost”). The service cost component of net benefit cost will be bifurcated and presented with other employee compensation costs, while other components of net benefit costs will be presented separately outside of income from operations. The standard is required to be applied on a retrospective basis and will be for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04 “Simplifying the Test for Goodwill.” The update amends Accounting Standard Codification No. 350 Intangibles - Goodwill and Other, provides guidance that simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under accounting topic 350. The amendments in this update will be applied prospectively and is effective for annual and interim impairment tests performed in periods beginning after December 15, 2021. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, “Clarifying the Definition of a Business”. This standard clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of asset or business. This update is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years and should be applied prospectively. Early adoption is allowed for transactions that occurred before the issuance date or effective date of the amendments only when the transaction has not been reported in the financial statements previously issued. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 “Classification of Certain Cash Receipts and Cash Payments”. This update amends Accounting Standard Codification Topic No. 230 “Statement of Cash Flows” and provides guidance and clarification on presentation of certain cash flow issues. This update will be effective for the Company for its fiscal year beginning after December 15, 2018, and for interim periods within those fiscal years. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments”. The new standard amends the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments to utilize an expected loss methodology in place of the currently used incurred loss methodology. This pronouncement is effective for annual periods beginning after December 15, 2020, including interim periods within those annual periods. Early adoption will be permitted for annual periods beginning after December 15, 2018. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09 “Improvements to Employee Share-Based Payment Accounting”. This update requires that entities record all of the tax effects related to share-based payments at settlement (or expiration) through the income statement. This update will be effective for the Company for its fiscal year beginning after December 15, 2017 and for interim periods within those annual periods. The Company does not expect the adoption of this standard will have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases”, a new standard on accounting for leases. This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. This update requires equity investments that do not result in consolidation and are not accounted for under the equity method to be measured at fair value with changes recognized in net income. However, an entity may elect to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This update is effective for the Company for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the provisions of the pronouncement and assessing the impact, if any, on its consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue. ASU 2014-09 supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. ASU 2014-09 sets forth a five-step model for determining when and how revenue is recognized. Under the model, an entity will be required to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers” (“ASU 2015-14”), which deferred the effective date of ASU 2014-09 for all entities by one year and is effective for the Company’s fiscal year beginning after December 15, 2018 and interim periods within those fiscal years. The Company is currently analyzing the provisions of the pronouncement and assessing the impact of the new standard on revenue contracts and expects to complete its evaluation by the fourth quarter of fiscal 2018.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Estimated Useful Life Property, Plant and Equipment	Depreciation of property, plant and equipment is calculated using the straight-line method over the asset’s estimated useful life as follows: Buildings and leasehold improvements 5 to 25 years or the estimated lease period, whichever is shorter Drilling rigs, plant and equipment 3 to 15 years Furniture and fixtures 5 years Office equipment and tools 3 to 6 years Vehicles and cranes 5 to 8 years

Business Combination (Tables)

Business Combination (Tables) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Schedule of Allocation of Consideration Transferred	The following summarizes the total consideration to purchase all of the issued and outstanding equity interests of NPS and GES (in thousands): NPS GES Value Shares Value Shares Total Cash consideration $ 319,015 - $ - - $ 319,015 Total consideration – cash 319,015 319,015 NESR ordinary share consideration 255,537 25,077 257,907 25,310 513,444 Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares) - - 30,941 3,036 30,941 Total consideration - equity (1) 255,537 25,077 288,848 28,346 544,385 Estimated earn-out mechanisms 16,203 - - 16,203 Total consideration $ 590,755 $ 288,848 $ 879,603 (1) The fair value of NESR ordinary shares was determined based upon the $10.19 per share closing price of NESR ordinary shares on June 6, 2018, the closing date of the Business Combination.
Schedule of Purchase Price Allocation	The following table summarizes the preliminary allocation of the purchase price allocation (in thousands): Allocation of consideration NPS GES (In thousands) Cash and cash equivalents $ 31,619 $ 5,206 Accounts receivable 55,788 19,145 Unbilled revenue 41,378 45,343 Inventories 33,652 31,092 Current assets 19,463 8,194 Property, plant and equipment 216,799 94,877 Intangible assets 94,000 52,010 Other assets 7,456 2,002 Total identifiable assets acquired 500,155 257,869 Accounts payable 26,457 31,113 Accrued expenses 28,686 25,388 Current portion of loans and borrowings - 16,368 Short-term borrowings 55,836 9,000 Current liabilities 7,159 11,558 Loans and borrowings 149,399 25,098 Other liabilities 23,549 2,202 Noncontrolling interest (2,841 ) 1,890 Net identifiable liabilities acquired 288,245 122,617 Total fair value of net assets acquired 211,910 135,252 Goodwill 378,845 153,596 Total gross consideration $ 590,755 $ 288,848
Schedule of Preliminary Allocation to Intangible Assets	Fair Value NPS GES Total Useful Life (In thousands) Customer contracts $ 77,000 $ 43,010 $ 120,010 10 years Trademarks and trade names 17,000 9,000 26,000 8 years Total intangible assets $ 94,000 $ 52,010 $ 146,010
Schedule of Proforma Information of Operations	The following table summarizes the supplemental consolidated results of the Company on an unaudited pro forma basis, as if the Business Combination had been consummated on January 1, 2017 for three months and nine months ended September 30, 2018 and 2017 (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Revenues 145,580 117,890 394,496 336,693 Net income 16,157 21,969 29,754 26,011

Accounts Receivable (Tables)

Accounts Receivable (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Accounts Receivables	The following table summarizes the accounts receivables for the periods as set forth below (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Trade receivables $ 83,762 $ 54,143 Other - 8,137 Less: allowance for doubtful accounts (7,004 ) (4,106 ) Total $ 76,758 $ 58,174

Service Inventories (Tables)

Service Inventories (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Service Inventories	The following table summarizes the service inventories for the periods as set forth below (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Spare parts $ 33,325 $ 14,862 Chemicals 19,906 17,963 Raw materials 204 204 Consumables 16,498 237 Total 69,933 33,266 Less: allowance for obsolete and slow moving inventories (4,168 ) (953 ) Total $ 65,765 $ 32,313

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net of accumulated depreciation, consist of the following at September 30, 2018 (Successor) and December 31, 2017 (Predecessor) (in thousands): Estimated Useful Lives (in years) Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Buildings and leasehold improvements 5 to 25 $ 14,324 $ 33,127 Drilling rigs, plant and equipment 3 to 15 243,825 409,462 Furniture and fixtures 5 1,408 2,871 Office equipment and tools 3 to 6 40,804 6,822 Vehicles and cranes 5 to 8 3,713 8,977 Less: Accumulated depreciation and impairment (17,442 ) (212,023 ) Land 5,266 9,380 Capital work in progress 12,829 5,653 Total $ 304,727 $ 264,269

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for September 30, 2018 (Successor) are as follows (in thousands): Production Services Drilling and Evaluation Services Goodwill Balance as of December 31, 2017 (Predecessor) 182,053 Elimination of Predecessor goodwill (182,053 ) Acquisition of businesses 391,308 141,133 532,441 Balance as of September 30, 2018 (Successor) $ 391,308 $ 141,133 $ 532,441
Schedule of Intangible Assets Subject to Amortization	The following is the weighted average amortization period for intangible assets subject to amortization (in years): Amortization Customer contracts 10.0 Trademarks and trade names 8.0 Total intangible assets 9.6 The details of our intangible assets subject to amortization are set forth below (in thousands): Successor Predecessor September 30, 2018 December 31, 2017 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts $ 120,010 $ (4,000 ) $ 116,010 $ 58,770 $ (58,760 ) $ 10 Trademarks and trade names 26,000 (1,116 ) 24,884 - - - Total intangible assets $ 146,010 $ (5,116 ) $ 140,894 $ 58,770 $ (58,760 ) $ 10

Debt (Tables)

Debt (Tables) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Schedule of Short Term Debt Obligations	The Company’s short-term debt obligations consist of the following (in thousands): Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Hana Loan $ 50,000 $ - Less: unamortized Hana loan origination fee (385 ) - Less: fair value deriviative liability in Hana loan (509 ) - Other short term borrowings 22,834 8,773 Short-term debt, net unamortized origination fee and excluding current installments $ 71,940 $ 8,773
Schedule of Fair Value Assumption Embedded Conversion Features	The Company estimates the fair value of this embedded conversion feature using the Goldman Sachs convertible note model and the Black Derman Toy model with the following assumptions: For the period ended September 30, 2018 For the period ended June 30, 2018 Annual Dividend yield 0.0 % 0.0 % Expected life (years) 0.20 0.46 Risk-free interest rate 2.1 % 2.1 % Expected volatility 46.7 % 46.7 %
Schedule of Fair Value Assumption Embedded Conversion Feature Recurring Basis	The following table presents the changes in fair value of the embedded conversion feature measured at fair value on a recurring basis for the period ended September 30, 2018 (in thousands): Balance June 30, 2018 $ 480 Change in fair value 29 Balance as of September 30, 2018 $ 509
Schedule of Long Term Debt Obligations	The Company’s long-term debt obligations consist of the following (in thousands): Successor September 30, 2018 Predecessor December 31, 2017 Murabaha credit facility $ 150,000 $ 150,000 APICORP bilateral term facility 50,000 - SABB bilateral term facility 50,000 - Term loan Ahli Bank 2,858 - NBO loan $60,000 26,667 - NBO loan $20,000 4,130 - Less: unamortized debt issuance costs (323 ) (2,976 ) Total loans and borrowings 283,332 147,024 Less: current portion of long term debt 16,368 - Long-term debt, net unamortized debt issuance costs and excluding current installments $ 266,964 $ 147,024
Scheduled Principal Payments of Long Term Debt	Scheduled principal payments of long-term debt for years subsequent to September 30, 2018 are as follows (in thousands): 2018 $ 13,884 2019 44,822 2020 43,390 2021 37,695 2022 30,448 Thereafter 113,093 $ 283,332

Fair Value Accounting (Tables)

Fair Value Accounting (Tables) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Schedule of Assets and Liabilities Measured at Fair Value On Recurring Basis	The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands): Description Level Successor (NESR) September 30, 2018 Predecessor (NPS) December 31, 2017 Liabilities: Convertible option 3 $ 509 $ - Contingent consideration 3 16,597 -
Schedule of Fair Value Assumption Used	The assumptions in the analysis include the projected 2018 NESR EBITDA, volatility of the 2018 NESR EBITDA projection, NESR stock price, volatility of NESR stock price, correlation between 2018 NESR EBITDA and NESR stock price, NESR’s weighted average cost of capital and prevailing interest rates. The model used the following assumptions: At September 30, 2018 At June 30, 2018 Stock price $ 11.62 $ 10.185 Volatility 36.67% - 46.88 % 36.67% - 46.88 % Correlation 0.5 0.5 Weighted average cost of capital 16.5 % 16.5 % Interest rates 1.96% - 2.14 % 1.96% - 2.14 %

Employee Benefits (Tables)

Employee Benefits (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Components of Net Periodic Benefit Cost	The components of the net periodic benefit cost were as follows (in thousands): Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Service Cost $ 964 $ 1,153 $ 866 $ 397 $ 1,379 Interest Cost 178 208 168 100 302 Gain or loss component 81 70 375 202 608 Total net periodic benefit cost $ 1,223 $ 1,431 $ 1,409 $ 699 $ 2,289

Commitments and Contingencies (

Commitments and Contingencies (Tables)	4 Months Ended
	Sep. 30, 2018
Successor [Member]
Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases	Future minimum lease commitments under non-cancellable operating leases with initial or remaining terms of one year or more at September 30, 2018, are payable as follows (in thousands): Remainder of 2018 $ 2,229 2019 4,416 2020 2,790 2021 2,476 2022 2,014 2023 1,924 Thereafter 1,924 Total $ 17,773

Income Per Share (Tables)

Income Per Share (Tables)	4 Months Ended
	Sep. 30, 2018
Predecessor [Member]
Schedule of Basic and Diluted Earnings Per Common Share	The following table sets forth the calculation of basic and diluted earnings per common share for the periods presented: 2018 2017 Period from January 1 to June 6 Period from July 1 to September 30 Period from January 1 to September 30 Weighted average basic common shares outstanding 348,524,566 342,250,000 342,250,000 Dilutive potential common shares 21,475,434 27,750,000 27,750,000 Weighted average dilutive common shares outstanding 370,000,000 370,000,000 370,000,000 Basic: Net Income 7,617,000 11,238,000 22,709,000 Less: Earnings allocated to participating securities 192,183 (26,599 ) (75,000 ) Net income available to basic common shares 7,809,183 11,211,401 22,634,000 Basic earnings per common share 0.02 0.03 0.07 Diluted: Net Income 7,617,000 11,238,000 22,709,000 Less: Earnings allocated to participating securities 181,077 (25,214 ) (70,000 ) Net income available to diluted common shares 7,798,077 11,212,786 22,639,000 Diluted earnings per common share 0.02 0.03 0.06
Successor [Member]
Schedule of Basic and Diluted Earnings Per Common Share	The following table sets forth the calculation of basic and diluted earnings per common share for the periods presented: 2018 Period from July 1 to September 30 Period from June 6 to September 30 Weighted average basic common shares outstanding 85,562,769 85,562,769 Dilutive potential common shares from grant of restricted stock units 349,946 277,543 Weighted average dilutive common shares outstanding 85,912,715 85,840,312 Basic: Net Income 16,110,000 12,362,000 Less: Earnings allocated to participating securities - - Net income available to basic common shares 16,110,000 12,362,000 Basic earnings per common share 0.19 0.14 Diluted: Net Income 16,110,000 12,362,000 Less: Earnings allocated to participating securities - - Net income available to diluted common shares 16,110,000 12,362,000 Diluted earnings per common share 0.19 0.14
Schedule of a Reconciliation of Basic and Diluted Common Shares Outstanding	The following table provides a reconciliation of the data used in the calculation of basic and diluted common shares outstanding for the periods as tabulated below: Basic – Year to Date Change in Total Shares Date Transaction Detail Shares Outstanding 12/31/2017 Beginning Balance 11,730,425 6/6/2018 Backstop shares 4,829,375 16,559,800 6/6/2018 Underwriter shares 307,465 16,867,265 6/6/2018 Shares issued to NPS/GES 53,690,315 70,557,580 6/6/2018 Shares transferred to perm equity 15,005,189 85,562,769 6/30/2018 Ending Balance 85,562,769 Dilutive – Year to Date Weighted avg units outstanding 85,562,769 Dilutive common shares 277,543 Weighted avg dilutive units outstanding 85,840,312

Reportable Segments (Tables)

Reportable Segments (Tables) - Successor [Member]	4 Months Ended
	Sep. 30, 2018
Schedule of Segment Reporting, Information On Revenues and Long-lived Assets	In accordance with FASB ASC 280 - Segment Reporting, information on revenues and long-lived assets of the operations of the Company are disclosed below (in thousands): Revenue from operations Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Production Services $ 88,666 $ 117,268 $ 112,295 $ 59,164 $ 164,493 Drilling and Evaluation Services 56,914 73,298 24,732 11,289 29,288 Total $ 145,580 $ 190,566 $ 137,027 $ 70,453 $ 193,781 Long-lived asset Successor (NESR) Predecessor (NPS) 2018 2017 September 30 December 31 Reportable Segment Production Services $ 196,232 $ 180,289 Drilling and Evaluation Services 95,019 58,923 Unallocable Assets 13,476 25,057 Total $ 304,727 $ 264,269 EBITDA Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Production Services $ 33,180 $ 41,952 $ 36,836 $ 21,252 $ 58,463 Drilling and Evaluation Services 17,630 18,905 3,267 1,618 3,277 Unallocated Costs (6,770 ) (13,453 ) (9,651 ) (1,973 ) (6,786 ) Total $ 44,040 $ 47,404 $ 30,452 $ 20,897 $ 54,954 Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Reportable Segment Net Income $ 16,157 $ 12,190 $ 6,736 $ 10,680 $ 20,939 Add: Income taxes 3,989 2,960 2,342 (313 ) 1,641 Interest expense, net 6,199 8,099 4,090 712 3,985 Depreciation and amortization 17,695 24,155 17,284 9,818 28,389 Total EBITDA $ 44,040 $ 47,404 $ 30,452 $ 20,897 $ 54,954
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Revenue by geographic area Successor (NESR) Predecessor (NPS) 2018 2018 2017 July 1, to September 30 June 7 to September 30 January 1 to June 6 July 1, to September 30 January 1 to September 30 Geographic Area MENA $ 143,914 $ 188,488 $ 134,479 $ 69,585 $ 190,982 Other Countries 1,666 2,078 2,548 868 2,799 Total $ 145,580 $ 190,566 $ 137,027 $ 70,453 $ 193,781 Long-lived assets by geographic area Successor (NESR) Predecessor (NPS) 2018 2017 September 30 December 31 Geographic Area MENA $ 295,987 $ 258,382 Other Countries 8,740 5,887 Total $ 304,727 $ 264,269

Description of Business (Detail

Description of Business (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jul. 16, 2018	Jun. 06, 2018	May 30, 2017	May 17, 2017	Sep. 30, 2018	Jun. 30, 2018
Share price					$ 11.62	$ 10.185
Total proceeds from exercise of over-allotment option	$ 4,000
Total proceeds held in the trust account		$ 231,800
Initial Public Offering [Member]
Number of shares issued in transaction				21,000,000
Proceeds from issuance initial public offering				$ 210,000
Private Placement [Member] | Warrant [Member]
Number of warrant issued				11,850,000
Share price				$ 0.50
Proceeds from warrant issuance				$ 5,900
Over-Allotment Option [Member]
Total proceeds held in the trust account			$ 229,200
Over-Allotment Option [Member] | Warrant [Member]
Number of shares issued in transaction			1,921,700
Number of warrant issued			768,680
Share price			$ 0.50
Unit price			$ 10
Total proceeds from exercise of over-allotment option			$ 19,600

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	4 Months Ended
	Sep. 30, 2018Integar
Short-term investments original maturity	3 months
Minimum [Member]
Finite-lived intangible asset, useful life	5 years
Maximum [Member]
Finite-lived intangible asset, useful life	9 years
Operating segments	2
Reportable segments	2

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life Property, Plant and Equipment (Details)	4 Months Ended
	Sep. 30, 2018
Buildings and Leasehold Improvements [Member] | Minimum [Member]
Property, plant and equipment estimated useful life	5 years
Buildings and Leasehold Improvements [Member] | Maximum [Member]
Property, plant and equipment estimated useful life	25 years
Drilling Rigs, Plant and Equipment [Member] | Minimum [Member]
Property, plant and equipment estimated useful life	3 years
Drilling Rigs, Plant and Equipment [Member] | Maximum [Member]
Property, plant and equipment estimated useful life	15 years
Furniture and Fixtures [Member]
Property, plant and equipment estimated useful life	5 years
Office Equipment and Tools [Member] | Minimum [Member]
Property, plant and equipment estimated useful life	3 years
Office Equipment and Tools [Member] | Maximum [Member]
Property, plant and equipment estimated useful life	6 years
Vehicles and Cranes [Member] | Minimum [Member]
Property, plant and equipment estimated useful life	5 years
Vehicles and Cranes [Member] | Maximum [Member]
Property, plant and equipment estimated useful life	8 years

Business Combination (Details N

Business Combination (Details Narrative) - USD ($)	Jun. 06, 2018	Jun. 05, 2018	Nov. 12, 2017	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Ordinary shares valued per share	$ 10.19			$ 9.76	$ 9.76		$ 9.76	$ 9.76
Business combination, consideration transferred							$ 319,015,000
Fair value of earn out shares							16,200,000
Acquired percentage of shares outstanding	12.00%									12.00%
Investments and cash equivalents held in trust							202,100,000
Goodwill				$ 532,400,000	$ 532,400,000		532,400,000	$ 532,400,000
Transaction costs				17,200,000	17,200,000		$ 17,200,000	17,200,000
Management fees				2,200,000
Revenues					145,580,000	$ 117,890,000		394,496,000	$ 336,693,000
Net income (loss)					16,157,000	$ 21,969,000		29,754,000	$ 26,011,000
Hana Loan [Member]
Proceeds from debt		$ 50,000,000
First Equity Stock Earn-Out [Member]
Number of ordinary shares issuance			1,671,704
Second Equity Stock Earn-Out [Member]
Number of ordinary shares issuance			1,671,704
Successor [Member]
Number of ordinary shares issuance							16,559,800
Proceeds from debt							$ 100,000,000
Short term borrowings				71,940,000	71,940,000		71,940,000	71,940,000
Goodwill	$ 182,053,000			532,441,000	532,441,000		532,441,000	532,441,000
Successor [Member] | Goodwill [Member]
Increase (decrease) in assets due to valuation							56,800,000
Successor [Member] | Intangible Assets [Member]
Increase (decrease) in assets due to valuation							32,000,000
Successor [Member] | Property, Plant and Equipment [Member]
Increase (decrease) in assets due to valuation							15,500,000
Successor [Member] | Accounts Receivable [Member]
Increase (decrease) in assets due to valuation							12,600,000
Successor [Member] | Other Receivables [Member]
Increase (decrease) in assets due to valuation							4,700,000
Successor [Member] | Accounts Payable [Member]
Increase (decrease) in liabilities due to valuation							5,700,000
Successor [Member] | Investments In Joint Ventures [Member]
Increase (decrease) in assets due to valuation							2,600,000
Successor [Member] | Other Current Liabilities [Member]
Increase (decrease) in liabilities due to valuation							$ 5,000,000
GES Transaction [Member]
Business acquisition payments	$ 29,300,000
Business acquisition exchange shares	25,309,848						3,036,381
Business combination, ordinary shares	3,036,381						25,309,848
Acquired percentage of shares outstanding	88.00%
Remaining acquired percentage of shares outstanding	12.00%
Accrued interest	$ 1,100,000
NPS Holdings Limited [Member]
Business combination, ordinary shares							25,077,000
Business combination, consideration transferred							$ 319,015,000
Additional amount of cash payable for renewal			$ 7,600,000
Payment of ticker fee	13,400,000
Fees, costs and expenses	$ 5,200,000
Cash and cash equivalents acquired from acquisition							18,700,000
Gross contractual amount, accounts receivable				60,800,000	60,800,000		60,800,000	60,800,000
Goodwill				378,845,000	378,845,000		$ 378,845,000	378,845,000
NPS Holdings Limited [Member] | NPS Selling Stockholders [Member]
Business combination, ordinary shares							11,318,828
NPS Holdings Limited [Member] | Successor [Member]
Revenues							$ 105,000,000	275,000,000
Net income (loss)							17,900,000	26,800,000
Hana Investments [Member]
Business acquisition payments							$ 150,000,000
Business combination, ordinary shares							13,758,449
Accrued interest				4,700,000	4,700,000		$ 4,700,000	4,700,000
Short term borrowings				50,000,000	50,000,000		50,000,000	50,000,000
MEA Energy Investment Company 2 Ltd [Member]
Business acquisition payments							$ 48,300,000
Business combination, ordinary shares							4,829,375
Gulf Energy S.A.O.C [Member]
Business combination, ordinary shares							25,310,000
Business combination, consideration transferred
Gross contractual amount, accounts receivable				20,500,000	20,500,000		20,500,000	20,500,000
Goodwill				$ 153,596,000	$ 153,596,000		153,596,000	153,596,000
Gulf Energy S.A.O.C [Member] | Successor [Member]
Revenues							40,500,000	119,000,000
Net income (loss)							$ 4,300,000	$ 3,200,000
Stock Purchase Agreement [Member]
Business combination, ordinary shares			418,001
Business combination, consideration transferred			$ 4,700,000
Stock Purchase Agreement [Member] | NPS Holdings Limited [Member] | First Closing [Member]
Business acquisition payments			$ 150,000,000
Business acquisition exchange shares			83,660,878
Stock Purchase Agreement [Member] | NPS Holdings Limited [Member] | Second Closing [Member]
Business acquisition payments			$ 292,800,000
Business combination, ordinary shares			11,318,828
Stock Purchase Agreement [Member] | Hana Investments [Member]
Number of ordinary shares balance			83,660,878
Ordinary shares valued per share			$ 11.244
Number of ordinary shares issuance			13,340,448
Payment to selling stockholders			$ 150,000,000

Business Combination - Schedule

Business Combination - Schedule of Allocation of Consideration Transferred (Details)	4 Months Ended
	Sep. 30, 2018USD ($)shares
Cash consideration	$ 319,015,000
Total consideration - cash	319,015,000
NESR ordinary share consideration	513,444,000
Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares)	30,941,000
Total consideration - equity	544,385,000	[1]
Estimated earn-out mechanisms	16,203,000
Total consideration	879,603,000
NPS Holdings Limited [Member]
Cash consideration	319,015,000
Total consideration - cash	319,015,000
NESR ordinary share consideration	$ 255,537,000
NESR ordinary share consideration, shares | shares	25,077,000
Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares)
Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares) | shares
Total consideration - equity	$ 255,537,000	[1]
Total consideration - equity, shares | shares	25,077,000
Estimated earn-out mechanisms	$ 16,203,000
Total consideration	590,755,000
Gulf Energy S.A.O.C [Member]
Cash consideration
Total consideration - cash
NESR ordinary share consideration	$ 257,907,000
NESR ordinary share consideration, shares | shares	25,310,000
Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares)	$ 30,941,000
Assumption of Loan Contracts and related interest from NESR Holdings (including conversion into NESR ordinary shares) | shares	3,036,000
Total consideration - equity	$ 288,848,000	[1]
Total consideration - equity, shares | shares	28,346,000
Estimated earn-out mechanisms
Total consideration	$ 288,848,000
[1]	The fair value of NESR ordinary shares was determined based upon the $10.19 per share closing price of NESR ordinary shares on June 6, 2018, the closing date of the Business Combination

Business Combination - Schedu_2

Business Combination - Schedule of Allocation of Consideration Transferred (Details) (Parenthetical) - $ / shares	Sep. 30, 2018	Jun. 06, 2018
Business Combinations [Abstract]
Fair value of ordinary share per share	$ 9.76	$ 10.19

Business Combination - Schedu_3

Business Combination - Schedule of Purchase Price Allocation (Details) $ in Thousands	Sep. 30, 2018USD ($)
Goodwill	$ 532,400
NPS Holdings Limited [Member]
Cash and cash equivalents	31,619
Accounts receivable	55,788
Unbilled revenue	41,378
Inventories	33,652
Current assets	19,463
Property, plant and equipment	216,799
Intangible assets	94,000
Other assets	7,456
Total identifiable assets acquired	500,155
Accounts payable	26,457
Accrued expenses	28,686
Current portion of loans and borrowings
Short-term borrowings	55,836
Current liabilities	7,159
Loans and borrowings	149,399
Other liabilities	23,549
Noncontrolling interest	(2,841)
Net identifiable liabilities acquired	288,245
Total fair value of net assets acquired	211,910
Goodwill	378,845
Total gross consideration	590,755
Gulf Energy S.A.O.C [Member]
Cash and cash equivalents	5,206
Accounts receivable	19,145
Unbilled revenue	45,343
Inventories	31,092
Current assets	8,194
Property, plant and equipment	94,877
Intangible assets	52,010
Other assets	2,002
Total identifiable assets acquired	257,869
Accounts payable	31,113
Accrued expenses	25,388
Current portion of loans and borrowings	16,368
Short-term borrowings	9,000
Current liabilities	11,558
Loans and borrowings	25,098
Other liabilities	2,202
Noncontrolling interest	1,890
Net identifiable liabilities acquired	122,617
Total fair value of net assets acquired	135,252
Goodwill	153,596
Total gross consideration	$ 288,848

Business Combination - Schedu_4

Business Combination - Schedule of Preliminary Allocation to Intangible Assets (Details) $ in Thousands	4 Months Ended
	Sep. 30, 2018USD ($)
Total intangible assets	$ 146,010
Total intangible assets, term	9 years 7 months 6 days
NPS Holdings Limited [Member]
Total intangible assets	$ 94,000
Gulf Energy S.A.O.C [Member]
Total intangible assets	52,010
Customer Contracts [Member]
Total intangible assets	$ 120,010
Total intangible assets, term	10 years
Customer Contracts [Member] | NPS Holdings Limited [Member]
Total intangible assets	$ 77,000
Customer Contracts [Member] | Gulf Energy S.A.O.C [Member]
Total intangible assets	43,010
Trademarks and Trade Names [Member]
Total intangible assets	$ 26,000
Total intangible assets, term	8 years
Trademarks and Trade Names [Member] | NPS Holdings Limited [Member]
Total intangible assets	$ 17,000
Trademarks and Trade Names [Member] | Gulf Energy S.A.O.C [Member]
Total intangible assets	$ 9,000

Business Combination - Schedu_5

Business Combination - Schedule of Proforma Information of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Combinations [Abstract]
Revenues	$ 145,580	$ 117,890	$ 394,496	$ 336,693
Net income	$ 16,157	$ 21,969	$ 29,754	$ 26,011

Accounts Receivable (Details Na

Accounts Receivable (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017	Dec. 31, 2017
Allowance for doubtful accounts	$ 7,000		$ 7,000			$ 4,100
Successor [Member]
Allowance for doubtful accounts receivable	$ 600		$ 600
Predecessor [Member]
Allowance for doubtful accounts receivable		$ 900		$ 2,400	$ 900

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Successor [Member]
Less: allowance for doubtful accounts	$ (7,004)
Total	76,758
Successor [Member] | Trade Receivables [Member]
Accounts receivables, gross	83,762
Successor [Member] | Other [Member]
Accounts receivables, gross
Predecessor [Member]
Less: allowance for doubtful accounts		$ (4,106)
Total		58,174
Predecessor [Member] | Trade Receivables [Member]
Accounts receivables, gross		54,143
Predecessor [Member] | Other [Member]
Accounts receivables, gross		$ 8,137

Service Inventories (Details Na

Service Inventories (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Allowance for obsolete and slow moving inventories					$ 4,200		$ 1,000
Successor [Member]
Allowance for obsolete and slow moving inventories	$ (200)		$ 1,100
Predecessor [Member]
Allowance for obsolete and slow moving inventories		$ 200		$ 700		$ 500

Service Inventories - Schedule

Service Inventories - Schedule of Service Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Successor [Member]
Service inventories, gross	$ 69,933
Less: allowance for obsolete and slow moving service inventories	(4,168)
Service inventories, net	65,765
Successor [Member] | Spare Parts [Member]
Service inventories, gross	33,325
Successor [Member] | Chemicals [Member]
Service inventories, gross	19,906
Successor [Member] | Raw Materials [Member]
Service inventories, gross	204
Successor [Member] | Consumables [Member]
Service inventories, gross	$ 16,498
Predecessor [Member]
Service inventories, gross		$ 33,266
Less: allowance for obsolete and slow moving service inventories		(953)
Service inventories, net		32,313
Predecessor [Member] | Spare Parts [Member]
Service inventories, gross		14,862
Predecessor [Member] | Chemicals [Member]
Service inventories, gross		17,963
Predecessor [Member] | Raw Materials [Member]
Service inventories, gross		204
Predecessor [Member] | Consumables [Member]
Service inventories, gross		$ 237

Property, Plant and Equipment_2

Property, Plant and Equipment (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Successor [Member]
Depreciation expenses	$ 14,200		$ 19,000
Predecessor [Member]
Depreciation expenses		$ 8,900		$ 9,300	$ 28,100

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	4 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Successor [Member]
Less: Accumulated depreciation and impairment	$ (17,442)
Land	5,266
Capital work in progress	12,829
Property, plant and equipment net	304,727
Predecessor [Member]
Less: Accumulated depreciation and impairment		$ (212,023)
Land		9,380
Capital work in progress		5,653
Property, plant and equipment net		264,269
Buildings and Leasehold Improvements [Member] | Successor [Member]
Property, plant and equipment gross	$ 14,324
Buildings and Leasehold Improvements [Member] | Predecessor [Member]
Property, plant and equipment gross		33,127
Buildings and Leasehold Improvements [Member] | Minimum [Member]
Property and equipment estimated useful lives	5 years
Buildings and Leasehold Improvements [Member] | Maximum [Member]
Property and equipment estimated useful lives	25 years
Drilling Rigs, Plant and Equipment [Member] | Successor [Member]
Property, plant and equipment gross	$ 243,825
Drilling Rigs, Plant and Equipment [Member] | Predecessor [Member]
Property, plant and equipment gross		409,462
Drilling Rigs, Plant and Equipment [Member] | Minimum [Member]
Property and equipment estimated useful lives	3 years
Drilling Rigs, Plant and Equipment [Member] | Maximum [Member]
Property and equipment estimated useful lives	15 years
Furniture and Fixtures [Member]
Property and equipment estimated useful lives	5 years
Furniture and Fixtures [Member] | Successor [Member]
Property, plant and equipment gross	$ 1,408
Furniture and Fixtures [Member] | Predecessor [Member]
Property, plant and equipment gross		2,871
Office Equipment and Tools [Member] | Successor [Member]
Property, plant and equipment gross	$ 40,804
Office Equipment and Tools [Member] | Predecessor [Member]
Property, plant and equipment gross		6,822
Office Equipment and Tools [Member] | Minimum [Member]
Property and equipment estimated useful lives	3 years
Office Equipment and Tools [Member] | Maximum [Member]
Property and equipment estimated useful lives	6 years
Vehicles and Cranes [Member] | Successor [Member]
Property, plant and equipment gross	$ 3,713
Vehicles and Cranes [Member] | Predecessor [Member]
Property, plant and equipment gross		$ 8,977
Vehicles and Cranes [Member] | Minimum [Member]
Property and equipment estimated useful lives	5 years
Vehicles and Cranes [Member] | Maximum [Member]
Property and equipment estimated useful lives	8 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	4 Months Ended
	Sep. 30, 2018USD ($)
Balance as of September 30, 2018 (Successor)	$ 532,400
Successor [Member]
Balance as of December 31, 2017 (Predecessor)	182,053
Elimination of Predecessor goodwill	(182,053)
Acquisition of businesses	532,441
Balance as of September 30, 2018 (Successor)	532,441
Successor [Member] | Production Services [Member]
Balance as of December 31, 2017 (Predecessor)
Elimination of Predecessor goodwill
Acquisition of businesses	391,308
Balance as of September 30, 2018 (Successor)	391,308
Successor [Member] | Drilling and Evaluation Services [Member]
Balance as of December 31, 2017 (Predecessor)
Elimination of Predecessor goodwill
Acquisition of businesses	141,133
Balance as of September 30, 2018 (Successor)	$ 141,133

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	4 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Total intangible assets, term	9 years 7 months 6 days
Intangible assets, gross carrying amount	$ 146,010
Customer Contracts [Member]
Total intangible assets, term	10 years
Intangible assets, gross carrying amount	$ 120,010
Trademarks and Trade Names [Member]
Total intangible assets, term	8 years
Intangible assets, gross carrying amount	$ 26,000
Successor [Member]
Intangible assets, gross carrying amount	146,010
Intangible assets, accumulated amortization	(5,116)
Intangible assets, net carrying amount	140,894
Successor [Member] | Customer Contracts [Member]
Intangible assets, gross carrying amount	120,010
Intangible assets, accumulated amortization	(4,000)
Intangible assets, net carrying amount	116,010
Successor [Member] | Trademarks and Trade Names [Member]
Intangible assets, gross carrying amount	26,000
Intangible assets, accumulated amortization	(1,116)
Intangible assets, net carrying amount	$ 24,884
Predecessor [Member]
Intangible assets, gross carrying amount		$ 58,770
Intangible assets, accumulated amortization		(58,760)
Intangible assets, net carrying amount		10
Predecessor [Member] | Customer Contracts [Member]
Intangible assets, gross carrying amount		58,770
Intangible assets, accumulated amortization		(58,760)
Intangible assets, net carrying amount		10
Predecessor [Member] | Trademarks and Trade Names [Member]
Intangible assets, gross carrying amount
Intangible assets, accumulated amortization
Intangible assets, net carrying amount

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Jul. 09, 2018	Jun. 05, 2018	Feb. 04, 2018	Sep. 30, 2018	Jun. 06, 2018	Aug. 27, 2018	Dec. 31, 2017
Number of shares issued in business combination				$ 513,444,000
APICORP Loan [Member]
Line of credit			$ 50,000,000
Line of credit, expiration date			May 3, 2022
Line of credit quarterly installments amount			$ 3,100,000
Line of credit, description			The facility contains covenants which include, among others, certain financial ratios to be maintained at the NPS level, including a gearing ratio of 1.5:1.
APICORP Loan [Member] | LIBOR Plus [Member]
Fixed profit margin			2.75%
Term Loan Ahli Bank [Member]
Line of credit				$ 4,300,000
Line of credit, description				This balance is repayable with nine quarterly installment starting seven months from the first drawdown until December 2019 and carries interest at the rate 3 months LIBOR + 4% per annum.
Line of credit outstanding amount				$ 2,900,000
Service coverage ratio, description				This term loan has covenants which include, among others, certain financial ratios to be maintained, including maintaining a minimum debt service coverage ratio of 1.25.
Long term debt				$ 1,000,000
Short term debt				$ 1,900,000
Term Loan Ahli Bank [Member] | LIBOR Plus [Member]
Interest rate				4.00%
National Bank of Oman [Member]
Fixed profit margin				3.50%
National Bank of Oman [Member] | Floor Level [Member]
Interest rate				5.00%
National Bank of Oman [Member] | Tranche One [Member]
Line of credit				$ 60,000,000
Line of credit, description				Tranche A carries interest at the rate of LIBOR + 3.50% per annum and is repayable with quarterly installments, starting six months from the drawdown in 18 equal installments until September 2020.
Line of credit outstanding amount				$ 26,700,000
Long term debt				13,400,000
Short term debt				$ 13,300,000
National Bank of Oman [Member] | Tranche Two [Member]
Line of credit							$ 20,000,000
Line of credit, description				Tranche B is repayable in equal quarterly installments starting 18 months from the first drawdown until June 2022.
Line of credit outstanding amount				$ 4,200,000
Long term debt				3,100,000
Short term debt				$ 1,100,000
National Bank of Oman [Member] | Tranche A and Tranche B [Member]
Service coverage ratio, description				Tranche A and Tranche B contain covenants which include, among others, certain financial ratios to be maintained by GES, which include maintaining a minimum debt service coverage ratio of 1.25.
National Bank of Oman [Member] | LIBOR Plus [Member]
Interest rate				3.50%
National Bank of Oman [Member] | LIBOR Plus [Member] | Tranche One [Member]
Interest rate				3.50%
NPS Holdings Limited [Member]
Number of shares issued in business combination				$ 255,537,000
NPS Holdings Limited [Member] | Murabaha Credit Facility [Member]
Line of credit							$ 150,000,000
Line of credit, initiation date					Aug. 1, 2019
Line of credit, expiration date					May 28, 2025
NPS Holdings Limited [Member] | Murabaha Credit Facility [Member] | LIBOR Plus [Member]
Fixed profit margin					3.25%
NPS Holdings Limited [Member] | Murabaha Credit Facility [Member] | Minimum [Member]
Repayment of line of credit					$ 1,100,000
NPS Holdings Limited [Member] | Murabaha Credit Facility [Member] | Maximum [Member]
Repayment of line of credit					$ 57,900,000
National Petroleum Technology [Member]
Line of credit	$ 50,000,000
Line of credit, description	The NPT KSA Facility contains covenants which include, among others, certain financial ratios to be maintained at NPT KSA level, including a gearing ratio of 3:1
National Petroleum Technology [Member] | Tranche One [Member]
Line of credit	$ 25,000,000
National Petroleum Technology [Member] | Tranche Two [Member]
Line of credit						$ 25,000,000
National Petroleum Technology [Member] | SAR [Member]
Line of credit	187,500,000
National Petroleum Technology [Member] | SAR [Member] | Tranche One [Member]
Line of credit	$ 93,750,000
National Petroleum Technology [Member] | SAR [Member] | Tranche Two [Member]
Line of credit						$ 93,750,000
National Petroleum Technology [Member] | Saudi Arabian British Bank [Member]
Debt maturity date	Mar. 9, 2022
Line of credit	$ 50,000,000
Line of credit quarterly installments amount	3,300,000
National Petroleum Technology [Member] | Saudi Arabian British Bank [Member] | SAR [Member]
Line of credit	187,500,000
Line of credit quarterly installments amount	$ 12,500,000
National Petroleum Technology [Member] | Saudi Arabian Interbank Offered Rate [Member]
Fixed profit margin	2.75%
Hana Loan Agreement [Member]
Ownership percentage		20.00%
Hana Loan Agreement [Member]
Principal amount borrowed		$ 50,000,000
Debt maturity date		Dec. 17, 2018
Debt conversion price per share		$ 11.244
Debt description		The Hana Loan is interest bearing and will accrue interest at the greater of (i) an amount equal to $4.0 million or prorated if the loan is prepaid; and (ii) at a rate per annum equal to one-month Intercontinental Exchange LIBOR, adjusted monthly on the first day of each calendar month, plus a margin of 2.25% payable on maturity or prepaid. The interest is payable in NESR ordinary shares or cash at the election of the lender.
Origination fee		$ 600,000
Number of shares issued in business combination		$ 53,362,000

Debt - Schedule of Short Term D

Debt - Schedule of Short Term Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Less: Fair value of derivative liability in Hana loan	$ 509	$ 480
Successor [Member]
Less: unamortized Hana Loan origination fee	(385)
Less: Fair value of derivative liability in Hana loan	(509)
Other short-term borrowings	22,834
Short-term debt, net unamortized origination fee and excluding current installments	71,940
Successor [Member] | Hana Loan [Member]
Short term loan amount	$ 50,000
Predecessor [Member]
Less: unamortized Hana Loan origination fee
Less: Fair value of derivative liability in Hana loan
Other short-term borrowings			8,773
Short-term debt, net unamortized origination fee and excluding current installments			8,773
Predecessor [Member] | Hana Loan [Member]
Short term loan amount

Debt - Schedule of Fair Value A

Debt - Schedule of Fair Value Assumption Embedded Conversion Features (Details)	4 Months Ended	6 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Annual Dividend Yield [Member]
Fair value assumptions, measurement input, percentages	0.00%	0.00%
Expected Life [Member]
Fair value assumptions, measurement input, term	2 months 12 days	5 months 16 days
Risk-Free Interest Rate[Member]
Fair value assumptions, measurement input, percentages	2.10%	2.10%
Expected Volatility [Member]
Fair value assumptions, measurement input, percentages	46.70%	46.70%

Debt - Schedule of Fair Value_2

Debt - Schedule of Fair Value Assumption Embedded Conversion Feature Recurring Basis (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2018USD ($)
Debt Disclosure [Abstract]
Beginning balance, embedded conversion feature	$ 480
Change in fair value	29
Ending balance, embedded conversion feature	$ 509

Debt - Schedule of Long Term De

Debt - Schedule of Long Term Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total loans and borrowings	$ 283,332
Successor [Member]
Less: unamortized debt issuance costs	(323)
Total loans and borrowings	283,332
Less: current portion of long term borrowings	16,368
Long-term debt, net unamortized debt issuance costs and excluding current installments	266,964
Successor [Member] | Murabaha Credit Facility [Member]
Total loans and borrowings	150,000
Successor [Member] | APICORP Bilateral Term Facility [Member]
Total loans and borrowings	50,000
Successor [Member] | SABB Bilateral Term Facility [Member]
Total loans and borrowings	50,000
Successor [Member] | Term Loan Ahli Bank [Member]
Total loans and borrowings	2,858
Successor [Member] | National Bank of Oman [Member]
Total loans and borrowings	26,667
Successor [Member] | National Bank of Oman [Member]
Total loans and borrowings	$ 4,130
Predecessor [Member]
Less: unamortized debt issuance costs		$ (2,976)
Total loans and borrowings		147,024
Less: current portion of long term borrowings
Long-term debt, net unamortized debt issuance costs and excluding current installments		147,024
Predecessor [Member] | Murabaha Credit Facility [Member]
Total loans and borrowings		150,000
Predecessor [Member] | APICORP Bilateral Term Facility [Member]
Total loans and borrowings
Predecessor [Member] | SABB Bilateral Term Facility [Member]
Total loans and borrowings
Predecessor [Member] | Term Loan Ahli Bank [Member]
Total loans and borrowings
Predecessor [Member] | National Bank of Oman [Member]
Total loans and borrowings
Predecessor [Member] | National Bank of Oman [Member]
Total loans and borrowings

Debt - Schedule of Long Term _2

Debt - Schedule of Long Term Debt Obligations (Details) (Parenthetical) - Successor [Member] - National Bank of Oman [Member] $ in Thousands	Sep. 30, 2018USD ($)
Line of credit	$ 60,000
Line of credit	$ 20,000

Debt - Scheduled Principal Paym

Debt - Scheduled Principal Payments of Long Term Debt (Details) $ in Thousands	Sep. 30, 2018USD ($)
Debt Disclosure [Abstract]
2,018	$ 13,884
2,019	44,822
2,020	43,390
2,021	37,695
2,022	30,448
Thereafter	113,093
Total	$ 283,332

Fair Value Accounting (Details

Fair Value Accounting (Details Narrative) - NPS Holdings Limited [Member] $ in Thousands	4 Months Ended
	Sep. 30, 2018USD ($)
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity earn-outs undiscounted	$ 0
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity earn-outs undiscounted	$ 33,400

Fair Value Accounting - Schedul

Fair Value Accounting - Schedule of Assets and Liabilities Measured at Fair Value On Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Successor [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities: Convertible option	$ 509
Liabilities: Contingent consideration	$ 16,597
Predecessor [Member] | NPS Holdings Limited [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities: Convertible option
Liabilities: Contingent consideration

Fair Value Accounting - Sched_2

Fair Value Accounting - Schedule of Fair Value Assumption Used (Details) - $ / shares	Sep. 30, 2018	Jun. 30, 2018
Stock price	$ 11.62	$ 10.185
Correlation	0.50%	0.50%
Weighted average cost of capital	16.50%	16.50%
Expected Volatility [Member]
Fair value assumptions, measurement input, percentages	46.70%	46.70%
Expected Volatility [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	36.67%	36.67%
Expected Volatility [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	46.88%	46.88%
Interest Rate [Member] | Minimum [Member]
Fair value assumptions, measurement input, percentages	1.96%	1.96%
Interest Rate [Member] | Maximum [Member]
Fair value assumptions, measurement input, percentages	2.14%	2.14%

Employee Benefits (Details Narr

Employee Benefits (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Successor [Member]
Contributions of benefit plans	$ 700		$ 900
Predecessor [Member]
Contributions of benefit plans		$ 100		$ 700	$ 1,000

Employee Benefits - Schedule of

Employee Benefits - Schedule of Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Successor [Member]
Service Cost	$ 964		$ 1,153
Interest Cost	178		208
Gain or loss component	81		70
Total net periodic benefit cost	$ 1,223		$ 1,431
Predecessor [Member] | NPS Holdings Limited [Member]
Service Cost		$ 397		$ 866	$ 1,379
Interest Cost		100		168	302
Gain or loss component		202		375	608
Total net periodic benefit cost		$ 699		$ 1,409	$ 2,289

Share-Based Compensation (Detai

Share-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	4 Months Ended
	Sep. 30, 2018	May 18, 2018
Number of restricted stock awarded, value	$ 331
Successor [Member]
Share-based compensation	$ 300
Remaining amortized over period, description	The remaining balance will be amortized over a period of approximately 34 months on a straight-line basis
Successor [Member] | Restricted Stock Units (RSUs) [Member]
Restricted stock grant date fair value per shares	$ 11
Vest rateably on annual basic period	3 years
Vest rateably on annual basic period, description	1/3 of the shares vest at the anniversary of the grant date
2018 Long Term Incentive Plan [Member]
Ordinary shares reserved for issuance		5,000,000
2018 Long Term Incentive Plan [Member] | Successor [Member] | Restricted Stock Units (RSUs) [Member]
Number of restricted stock awarded	685,000
Number of restricted stock awarded, value	$ 7,500

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017	Dec. 31, 2017
Incur capital expenditure			$ 28,100
Letters of credit outstanding amount	$ 8,600		8,600
Surety bonds and other bank issued guarantees	38,600		38,600			$ 37,800
Successor [Member]
Rental expense	25,200		31,200
Liability	529,471		529,471
Predecessor [Member]
Rental expense		$ 7,900		$ 19,500	$ 21,800
Other Liabilities [Member]
Liability	$ 6,700		$ 6,700			$ 4,500

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases (Details) $ in Thousands	Sep. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2018	$ 2,229
2,019	4,416
2,020	2,790
2,021	2,476
2,022	2,014
2,023	1,924
Thereafter	1,924
Total	$ 17,773

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Jun. 06, 2018	Jun. 05, 2018	Apr. 27, 2018	Nov. 12, 2017	Sep. 30, 2018	Dec. 31, 2017
Ordinary shares outstanding					85,562,769	11,730,425
Ordinary share price per shares	$ 10.19				$ 9.76
Shares previously subject to redemption, shares					16,921,700
Reclassification of shares previously subject to redemption					$ 165,188,000
Redemption value price per shares					$ 10.11
Underwriting fee per share					$ 0.35
Redeemed shares, shares					1,916,511
Redeemed shares value					$ (19,379,000)
Ordinary shares issued for underwriting fees, value					$ 3,737,000
Ordinary shares issued for underwriting fees, shares					307,465
Business combination, consideration transferred					$ 319,015,000
Acquired percentage of shares outstanding	12.00%					12.00%
GES Transaction [Member]
Business acquisition exchange shares	25,309,848				3,036,381
Business acquisition payments	$ 29,300,000
Business combination, ordinary shares	3,036,381				25,309,848
Acquired percentage of shares outstanding	88.00%
NPS Holdings Limited [Member]
Business combination, ordinary shares					25,077,000
Business combination, consideration transferred					$ 319,015,000
NPS Holdings Limited [Member] | Predecessor [Member]
Ordinary shares outstanding						342,250,000
NPS Holdings Limited [Member] | Mr. Abdulaziz Mubarak Al-Dolaimi and Mr. Fahad Abdulla Bindekhayel [Member] | Predecessor [Member]
Ordinary share price per shares					$ 1
Number of convertible shares issued					37,000,000
Hana Investments [Member]
Business acquisition payments					$ 150,000,000
Business combination, ordinary shares					13,758,449
Stock Purchase Agreement [Member]
Business combination, ordinary shares				418,001
Business combination, consideration transferred				$ 4,700,000
Stock Purchase Agreement [Member] | NPS Holdings Limited [Member] | First Closing [Member]
Business acquisition exchange shares				83,660,878
Business acquisition payments				$ 150,000,000
Stock Purchase Agreement [Member] | NPS Holdings Limited [Member] | Second Closing [Member]
Business acquisition payments				$ 292,800,000
Business combination, ordinary shares				11,318,828
Stock Purchase Agreement [Member] | Hana Investments [Member]
Ordinary share price per shares				$ 11.244
Number of ordinary shares issuance				13,340,448
Hana Loan Agreement [Member]
Ordinary share price per shares		$ 11.244
Business combination, ordinary shares		53,362
Principal amount borrowed		$ 50,000,000
Origination fee		$ 600,000
Relationship Agreement [Member] | Hana Investments [Member]
Ordinary share price per shares		$ 11.244
Business combination, ordinary shares		213,447
Business combination, consideration transferred		$ 2,100,000
Forward Purchase Agreement [Member] | Backstop Investor [Member]
Business acquisition payments			$ 48,293,763
Business combination, ordinary shares			4,829,375
Public Warrants [Member]
Warrants					22,921,700
Ordinary share price per shares					$ 5.75
Warrants expire date					Jun. 6, 2023
Private Warrants [Member]
Warrants					12,618,680
Ordinary share price per shares					$ 5.75
Warrants expire date					Jun. 6, 2023

Income Per Share - Schedule of

Income Per Share - Schedule of Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Predecessor [Member]
Weighted average basic common shares outstanding		342,250,000		348,524,566	342,250,000
Dilutive potential common shares		27,750,000		21,475,434	27,750,000
Weighted average dilutive common shares outstanding		370,000,000		370,000,000	370,000,000
Net Income		$ 11,238,000		$ 7,617,000	$ 22,709,000
Basic:: Less: Earnings allocated to participating securities		(26,599)		192,183	(75,000)
Basic:: Net income available to basic common shares		$ 11,211,401		$ 7,809,183	$ 22,634,000
Basic:: Basic earnings per common share		$ 0.03		$ 0.02	$ 0.07
Diluted: Less: Earnings allocated to participating securities		$ (25,214)		$ 181,077	$ (70,000)
Diluted: Net income available to diluted common shares		$ 11,212,786		$ 7,798,077	$ 22,639,000
Diluted: Diluted earnings per common share		$ 0.03		$ 0.02	$ 0.06
Successor [Member]
Weighted average basic common shares outstanding	85,562,769		85,562,769
Dilutive potential common shares	349,946		277,543
Weighted average dilutive common shares outstanding	85,912,715		85,840,312
Net Income	$ 16,110,000		$ 12,362,000
Basic:: Less: Earnings allocated to participating securities
Basic:: Net income available to basic common shares	$ 16,110,000		$ 12,362,000
Basic:: Basic earnings per common share	$ 0.19		$ 0.14
Diluted: Less: Earnings allocated to participating securities
Diluted: Net income available to diluted common shares	$ 16,110,000		$ 12,362,000
Diluted: Diluted earnings per common share	$ 0.19		$ 0.14

Income Per Share - Schedule o_2

Income Per Share - Schedule of a Reconciliation of Basic and Diluted Common Shares Outstanding (Details) - shares	3 Months Ended	4 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Shares issued for IPO underwriting fees		307,465
Successor [Member]
Beginning balance		11,730,425
Change In Shares issued to Backstop Investor		4,829,375
Change In Shares issued for underwriting fees		307,465
Change In Shares issued to NPS/GES		53,690,315
Change In Shares transferred to perm equity		15,005,189
Shares issued to Backstop Investor		16,559,800
Shares issued for IPO underwriting fees		16,867,265
Shares issued to NPS/GES		70,557,580
Shares transferred to perm equity		85,562,769
Ending balance	85,562,769	85,562,769
Weighted average units outstanding		85,562,769
Dilutive common shares	349,946	277,543
Weighted average dilutive units outstanding	85,912,715	85,840,312

Income Taxes (Details Narrtive)

Income Taxes (Details Narrtive)	4 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Successor [Member]
Effective income tax rate	19.50%
Predecessor [Member]
Effective income tax rate		7.30%
OMAN [Member]
Income tax statutory rate	15.00%
Minimum [Member]
Income tax statutory rate	0.00%
Maximum [Member]
Income tax statutory rate	35.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	4 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Jun. 06, 2018	Dec. 31, 2017
Percentage of ownership			12.00%	12.00%
Mubadarah Investments LLC [Member]
Percentage of ownership	80.00%	80.00%
Mubadarah Investments LLC [Member] | Esnaad Solutions LLC [Member]
Percentage of ownership	99.00%	99.00%
Tasneea Oil & Gas Technology LLC [Member]
Percentage of ownership	99.00%	99.00%
GES [Member]
Percentage of ownership	20.00%	20.00%
Hilal Al Busaidy [Member]
Percentage of ownership	1.00%	1.00%
Key Management And Founders [Member]
Advance from related party outstanding	$ 1,900	$ 1,900
Successor [Member] | Esnaad Solutions LLC [Member]
Charges for oil and gas	800	1,400
Successor [Member] | Mubadarah Investments LLC [Member]
Rental income	43	57
Payables of outstanding balance	$ 100	$ 100
Percentage of ownership	22.00%	22.00%
Successor [Member] | GES [Member]
Administrative service fee	$ 400	$ 500

Reportable Segments (Details Na

Reportable Segments (Details Narrative) - Sales Revenue, Net [Member]	3 Months Ended	4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017
Customer One [Member] | Successor [Member]
Concentration risk, percentage		43.00%
Customer One [Member] | Predecessor [Member]
Concentration risk, percentage	44.70%		49.00%	44.40%
Customer Two [Member] | Successor [Member]
Concentration risk, percentage		18.00%
Customer Two [Member] | Predecessor [Member]
Concentration risk, percentage	12.70%		16.00%	14.00%
Customer Three [Member] | Successor [Member]
Concentration risk, percentage		10.00%
Customer Three [Member] | Predecessor [Member]
Concentration risk, percentage	12.50%			11.60%

Reportable Segments - Schedule

Reportable Segments - Schedule of Segment Reporting, Information On Revenues and Long-lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended			4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017	Dec. 31, 2017
Net income				$ 12,190	$ 6,736
Successor [Member]
Revenue from operations, Total	$ 145,580	$ 190,566		190,566
Long-lived asset, Total	304,727	304,727		304,727
Net income	16,157			12,190
Income taxes	3,989			2,960
Interest expense, net	6,199			8,099
Depreciation and amortization	17,695			24,155
Total EBITDA	44,040			47,404
Successor [Member] | Production Services [Member]
Revenue from operations, Total	88,666			117,268
Long-lived asset, Total	196,232	196,232		196,232
Total EBITDA	33,180			41,952
Successor [Member] | Drilling and Evaluation Services [Member]
Revenue from operations, Total	56,914			73,298
Long-lived asset, Total	95,019	95,019		95,019
Total EBITDA	17,630			18,905
Successor [Member] | Unallocated Costs [Member]
Total EBITDA	(6,770)			(13,453)
Successor [Member] | Unallocable Assets [Member]
Long-lived asset, Total	$ 13,476	$ 13,476		$ 13,476
Predecessor [Member]
Long-lived asset, Total							$ 264,269
Predecessor [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			$ 70,453		137,027	$ 193,781
Long-lived asset, Total							264,269
Net income			10,680		6,736	20,939
Income taxes			(313)		2,342	1,641
Interest expense, net			712		4,090	3,985
Depreciation and amortization			9,818		17,284	28,389
Total EBITDA			20,897		30,452	54,954
Predecessor [Member] | Production Services [Member]
Long-lived asset, Total							180,289
Predecessor [Member] | Production Services [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			59,164		112,295	164,493
Total EBITDA			21,252		36,836	58,463
Predecessor [Member] | Drilling and Evaluation Services [Member]
Long-lived asset, Total							58,923
Predecessor [Member] | Drilling and Evaluation Services [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			11,289		24,732	29,288
Total EBITDA			1,618		3,267	3,277
Predecessor [Member] | Unallocated Costs [Member] | NPS Holdings Limited [Member]
Total EBITDA			$ (1,973)		$ (9,651)	$ (6,786)
Predecessor [Member] | Unallocable Assets [Member]
Long-lived asset, Total							$ 25,057

Reportable Segments - Schedul_2

Reportable Segments - Schedule of Revenue from External Customers by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended			4 Months Ended	5 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Jun. 06, 2018	Sep. 30, 2017	Dec. 31, 2017
Successor [Member]
Revenue from operations, Total	$ 145,580	$ 190,566		$ 190,566
Long-lived asset, Total	304,727	304,727		304,727
Successor [Member] | MENA [Member]
Revenue from operations, Total	143,914	188,488
Long-lived asset, Total	295,987	295,987		295,987
Successor [Member] | Other Countries [Member]
Revenue from operations, Total	1,666	2,078
Long-lived asset, Total	$ 8,740	$ 8,740		$ 8,740
Predecessor [Member]
Long-lived asset, Total							$ 264,269
Predecessor [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			$ 70,453		$ 137,027	$ 193,781
Long-lived asset, Total							264,269
Predecessor [Member] | MENA [Member]
Long-lived asset, Total							258,382
Predecessor [Member] | MENA [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			69,585		134,479	190,982
Predecessor [Member] | Other Countries [Member]
Long-lived asset, Total							$ 5,887
Predecessor [Member] | Other Countries [Member] | NPS Holdings Limited [Member]
Revenue from operations, Total			$ 868		$ 2,548	$ 2,799

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) $ in Thousands	Jul. 16, 2018USD ($)
Subsequent Events [Abstract]
Sale of stock percentage	51.00%
Sale of stock, value	$ 4,000