Key Energy Services (KEGX) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document Documentand Entity Information [Abstract]
Entity Registrant Name	KEY ENERGY SERVICES INC
Entity Central Index Key	318,996
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	KEG
Amendment Flag	false
Entity Common Stock, Shares Outstanding		157,570,063

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 199,117	$ 27,304
Accounts receivable, net of allowance for doubtful accounts of $23,597 and $2,925, respectively	129,328	289,466
Inventories	31,949	30,171
Other current assets	80,269	86,854
Total current assets	440,663	433,795
Property and equipment	2,421,627	2,555,515
Accumulated depreciation	(1,415,801)	(1,320,257)
Property and equipment, net	1,005,826	1,235,258
Goodwill	0	582,739
Other intangible assets, net	7,034	14,500
Other non-current assets	40,501	56,471
TOTAL ASSETS	1,494,024	2,322,763
Current liabilities:
Accounts payable	36,131	77,631
Current portion of long-term debt	3,150	0
Other current liabilities	99,025	164,227
Total current liabilities	138,306	241,858
Long-term debt	961,566	737,691
Workers' compensation, vehicular and health insurance liabilities	28,885	29,690
Deferred tax liabilities	40,044	228,394
Other non-current liabilities	$ 32,542	$ 27,067
Commitments and contingencies
Equity:
Common stock, $0.10 par value; 200,000,000 shares authorized, 157,697,732 and 153,557,108 shares issued and outstanding	$ 15,770	$ 15,356
Additional paid-in capital	964,817	960,647
Accumulated other comprehensive loss	(42,030)	(37,280)
Retained earnings (deficit)	(645,876)	119,340
Total equity	292,681	1,058,063
TOTAL LIABILITIES AND EQUITY	$ 1,494,024	$ 2,322,763

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 23,597	$ 2,925
Common stock, shares issued	157,697,732	153,557,108
Common stock, shares outstanding	157,697,732	153,557,108
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Common stock, shares authorized	200,000,000	200,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
REVENUES	$ 176,857	$ 365,798	$ 642,152	$ 1,072,534
COSTS AND EXPENSES:
Direct operating expenses	174,505	272,112	537,876	793,297
Depreciation and amortization expense	45,270	50,924	138,377	154,203
General and administrative expenses	45,314	65,224	163,668	175,971
Impairment expense	649,944	60,792	692,996	89,479
Operating loss	(738,176)	(83,254)	(890,765)	(140,416)
Interest expense, net of amounts capitalized	21,704	13,417	52,104	40,397
Other (income) loss, net	5,915	348	10,099	(2,454)
Loss before income taxes	(765,795)	(97,019)	(952,968)	(178,359)
Income tax benefit	125,634	34,790	187,752	52,035
NET LOSS	$ (640,161)	$ (62,229)	$ (765,216)	$ (126,324)
Loss per share:
Basic and diluted (per share)	$ (4.06)	$ (0.41)	$ (4.90)	$ (0.82)
Weighted average shares outstanding:
Basic and diluted	157,605	153,550	156,266	153,327

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
NET LOSS	$ (640,161)	$ (62,229)	$ (765,216)	$ (126,324)
Other comprehensive loss:
Foreign currency translation loss	(5,266)	(7,010)	(4,750)	(9,011)
COMPREHENSIVE LOSS	$ (645,427)	$ (69,239)	$ (769,966)	$ (135,335)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (765,216)	$ (126,324)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense	138,377	154,203
Impairment expense	692,996	89,479
Bad debt expense	1,832	1,484
Accretion of asset retirement obligations	468	447
Loss (income) from equity method investments	(6)	221
Amortization and write-off of deferred financing costs and premium	3,335	1,682
Deferred income tax benefit	(126,752)	(30,066)
Loss on disposal of assets, net	5,713	3,760
Share-based compensation	8,198	9,277
Excess tax expense from share-based compensation	3,301	1,240
Changes in working capital:
Accounts receivable	157,815	51,585
Other current assets	5,643	(3,410)
Accounts payable, accrued interest and accrued expenses	(107,576)	(12,050)
Share-based compensation liability awards	(55)	(578)
Other assets and liabilities	(38,911)	(14,866)
Net cash provided by (used in) operating activities	(20,838)	126,084
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(38,907)	(108,120)
Proceeds from sale of fixed assets	11,500	12,288
Proceeds from sale of fixed assets	595	3,990
Net cash used in investing activities	(26,812)	(91,842)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt	(788)	(3,573)
Proceeds from long-term debt	305,550	0
Proceeds from borrowings on revolving credit facility	130,000	220,000
Repayments on revolving credit facility	(200,000)	(225,000)
Payment of deferred financing costs	(11,072)	0
Repurchases of common stock	(313)	(2,239)
Excess tax expense from share-based compensation	(3,301)	(1,240)
Net cash provided by (used in) financing activities	220,076	(12,052)
Effect of changes in exchange rates on cash	(613)	6,896
Net increase in cash and cash equivalents	171,813	29,086
Cash and cash equivalents, beginning of period	27,304	28,306
Cash and cash equivalents, end of period	$ 199,117	$ 57,392

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	GENERAL Key Energy Services, Inc., and its wholly owned subsidiaries (collectively, “Key,” the “Company,” “we,” “us,” “its,” and “our”) provide a full range of well services to major oil companies, foreign national oil companies and independent oil and natural gas production companies. Our services include rig-based and coiled tubing-based well maintenance and workover services, well completion and recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. Additionally, certain of our rigs are capable of specialty drilling applications. We operate in most major oil and natural gas producing regions of the continental United States and have operations in Mexico, Colombia, Ecuador, the Middle East and Russia. In addition, we have a technology development and control systems business based in Canada. The accompanying unaudited condensed consolidated financial statements were prepared using generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The condensed December 31, 2014 balance sheet was prepared from audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014 (the “ 2014 Form 10-K”). Certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in this Quarterly Report on Form 10-Q. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2014 Form 10-K. The unaudited condensed consolidated financial statements contained in this report include all normal and recurring material adjustments that, in the opinion of management, are necessary for a fair presentation of our financial position, results of operations and cash flows for the interim periods presented herein. The results of operations for the nine months ended September 30, 2015 are not necessarily indicative of the results expected for the full year or any other interim period, due to fluctuations in demand for our services, timing of maintenance and other expenditures, and other factors. We have evaluated events occurring after the balance sheet date included in this Quarterly Report on Form 10-Q and through the date on which the unaudited condensed consolidated financial statements were issued, for possible disclosure of a subsequent event.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES	SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES The preparation of these unaudited condensed consolidated financial statements requires us to develop estimates and to make assumptions that affect our financial position, results of operations and cash flows. These estimates may also impact the nature and extent of our disclosure, if any, of our contingent liabilities. Among other things, we use estimates to (i) analyze assets for possible impairment, (ii) determine depreciable lives for our assets, (iii) assess future tax exposure and realization of deferred tax assets, (iv) determine amounts to accrue for contingencies, (v) value tangible and intangible assets, (vi) assess workers’ compensation, vehicular liability, self-insured risk accruals and other insurance reserves, (vii) provide allowances for our uncollectible accounts receivable, (viii) value our asset retirement obligations, and (ix) value our equity-based compensation. We review all significant estimates on a recurring basis and record the effect of any necessary adjustments prior to publication of our financial statements. Adjustments made with respect to the use of estimates relate to improved information not previously available. Because of the limitations inherent in this process, our actual results may differ materially from these estimates. We believe that the estimates used in the preparation of these interim financial statements are reasonable. There have been no material changes or developments in our evaluation of accounting estimates and underlying assumptions or methodologies that we believe to be a “Critical Accounting Policy or Estimate” as disclosed in our 2014 Form 10-K. Recent Accounting Developments ASU 2015-03 . In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The objective of this ASU is to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods, with early adoption permitted. We adopted ASU 2015-03 in the second quarter of 2015 using the retrospective transition method. As a result, $10.7 million of unamortized deferred financing costs on our December 31, 2014 balance sheet was reclassified from non-current assets to a direct deduction of long-term debt. The adoption of this standard did not affect our results of operations or cash flows. ASU 2014-09. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The objective of this ASU is to establish the principles to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue from contracts with customers. The core principle is to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 must be adopted using either a full retrospective method or a modified retrospective method. During a July 2015 meeting, the FASB affirmed a proposal to defer the effective date of the new revenue standard for all entities by one year. As a result, ASU 2014-09 is effective for the Company for interim and annual reporting periods beginning after December 15, 2017 with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. We are currently evaluating the standard to determine the impact of its adoption on the consolidated financial statements.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	9 Months Ended
	Sep. 30, 2015
ASSETS HELD FOR SALE [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	ASSETS HELD FOR SALE In April 2015, we announced our decision to exit markets in which we participate outside of North America. Our strategy is to sell or relocate the assets of the businesses operating in these markets. During the second quarter of 2015, certain assets of our Oman business unit, which is included in our International reporting segment, met the criteria for assets held for sale. We expect the sale of these assets to occur before the end of 2015. We recorded a $21.4 million impairment of fixed assets to reduce the carrying value of these assets to the fair market value. In the third quarter of 2015, we transferred four rigs from Ecuador to the U.S. and sold the remaining operating assets of our Ecuadorian business unit at auction and recorded an impairment of $4.1 million to reduce the carrying of those assets to the price at which they were sold. Additionally, during the third quarter of 2015, the assets and related liabilities of our Bahrain business unit and certain assets of our Colombian business unit, which are included in our International reporting segment, and our Enhanced Oilfield Technology business unit, which is included in our Fishing and Rental reporting segment, met the criteria for assets held for sale. In Bahrain, we are negotiating to sell our subsidiary for $4.9 million . We expect this sale to be complete before the end of 2015. In Colombia, we relocated one rig to the U.S. in the third quarter of 2015 and plan to sell or relocate thirteen rigs to the U.S. in the fourth quarter. We plan to sell the remaining property and equipment, net, and inventories of our Colombian business unit in the fourth quarter of 2015. We are also planning to sell certain assets of our Enhanced Oilfield Technology business unit and expect this sale to be complete before the end of 2015. We recorded an impairment of $7.0 million , $25.3 million and $6.0 million for our Bahraini, Colombian and Enhanced Oilfield Technology business units, respectively, to reduce the carrying value of these assets and related liabilities to the fair market value. The following assets and related liabilities are classified as held for sale on our September 30, 2015 condensed consolidated balance sheet. Bahrain Oman Colombia Enhanced Oilfield Technology Total (in thousands) Current assets: Cash and cash equivalents $ 1,576 $ — $ — $ — $ 1,576 Accounts receivable 385 — — — 385 Inventories — 591 83 1,791 2,465 Other current assets 660 — — — 660 Total current assets 2,621 591 83 1,791 5,086 Property and equipment, net 2,421 3,631 4,014 1,209 11,275 Other non-current assets 137 — — — 137 Total assets $ 5,179 $ 4,222 $ 4,097 $ 3,000 $ 16,498 Current liabilities: — — — — Accounts payable 149 — — — 149 Other current liabilities 46 — — — 46 Total current liabilities 195 — — — 195 Other non-current liabilities 84 — — — 84 Net Assets $ 4,900 $ 4,222 $ 4,097 $ 3,000 $ 16,219

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
EQUITY	EQUITY A reconciliation of the total carrying amount of our equity accounts for the nine months ended September 30, 2015 is as follows: COMMON STOCKHOLDERS Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Loss Retained Earnings (Deficit) Total Number of Shares Amount at Par (in thousands) Balance at December 31, 2014 153,557 $ 15,356 $ 960,647 $ (37,280 ) $ 119,340 $ 1,058,063 Foreign currency translation — — — (4,750 ) — (4,750 ) Common stock purchases (147 ) (15 ) (298 ) — — (313 ) Share-based compensation 4,288 429 7,769 — — 8,198 Tax expense from share-based compensation — — (3,301 ) — — (3,301 ) Net loss — — — — (765,216 ) (765,216 ) Balance at September 30, 2015 157,698 $ 15,770 $ 964,817 $ (42,030 ) $ (645,876 ) $ 292,681 A reconciliation of the total carrying amount of our equity accounts for nine months ended September 30, 2014 is as follows: COMMON STOCKHOLDERS Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Loss Retained Earnings Total Number of Shares Amount at Par (in thousands) Balance at December 31, 2013 152,331 $ 15,233 $ 953,306 $ (15,414 ) $ 297,968 $ 1,251,093 Foreign currency translation — — — (9,011 ) — (9,011 ) Common stock purchases (288 ) (29 ) (2,210 ) — — (2,239 ) Share-based compensation 1,516 152 9,125 — — 9,277 Tax expense from share-based compensation — — (1,240 ) — — (1,240 ) Net loss — — — — (126,324 ) (126,324 ) Balance at September 30, 2014 153,559 $ 15,356 $ 958,981 $ (24,425 ) $ 171,644 $ 1,121,556

OTHER BALANCE SHEET INFORMATION

OTHER BALANCE SHEET INFORMATION	9 Months Ended
	Sep. 30, 2015
Supplemental Balance Sheet Disclosures [Abstract]
OTHER BALANCE SHEET INFORMATION	OTHER BALANCE SHEET INFORMATION The table below presents comparative detailed information about other current assets at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other current assets: Deferred tax assets $ 10,142 $ 11,823 Prepaid current assets 19,460 28,218 Reinsurance receivable 8,941 9,200 VAT asset 14,997 18,889 Current assets held for sale 5,086 — Other 21,643 18,724 Total $ 80,269 $ 86,854 The table below presents comparative detailed information about other non-current assets at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other non-current assets: Deferred tax assets $ 11,279 $ 35,238 Reinsurance receivable 9,375 9,537 Deposits 7,352 10,125 Equity method investments 993 987 Non-current assets held for sale 11,412 — Other 90 584 Total $ 40,501 $ 56,471 The table below presents comparative detailed information about other current liabilities at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other current liabilities: Accrued payroll, taxes and employee benefits $ 28,115 $ 32,477 Accrued operating expenditures 13,736 45,899 Income, sales, use and other taxes 7,240 25,892 Self-insurance reserve 30,425 31,359 Accrued interest 12,315 15,241 Accrued insurance premiums 315 7,515 Current liabilities held for sale 195 — Share-based compensation and other liabilities 6,684 5,844 Total $ 99,025 $ 164,227 The table below presents comparative detailed information about other non-current liabilities at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other non-current liabilities: Asset retirement obligations $ 12,711 $ 12,525 Environmental liabilities 5,425 5,730 Accrued rent — 263 Accrued sales, use and other taxes 11,751 5,411 Non-current liabilities held for sale 84 — Other 2,571 3,138 Total $ 32,542 $ 27,067

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill for the nine months ended September 30, 2015 are as follows: U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Total (in thousands) December 31, 2014 $ 297,719 $ 24,479 $ 82,695 $ 173,463 $ 4,383 $ 582,739 Goodwill impairment (297,719 ) (24,479 ) (82,695 ) (173,463 ) (4,383 ) (582,739 ) September 30, 2015 $ — $ — $ — $ — $ — $ — The components of our other intangible assets as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 December 31, 2014 (in thousands) Noncompete agreements: Gross carrying value $ 2,269 $ 2,269 Accumulated amortization (1,935 ) (1,710 ) Net carrying value 334 559 Patents, trademarks and tradenames: Gross carrying value 1,435 3,106 Accumulated amortization (293 ) (263 ) Net carrying value 1,142 2,843 Customer relationships and contracts: Gross carrying value 58,797 59,045 Accumulated amortization (53,923 ) (52,303 ) Net carrying value 4,874 6,742 Developed technology: Gross carrying value 4,074 8,494 Accumulated amortization (3,390 ) (4,138 ) Net carrying value 684 4,356 Customer backlog: Gross carrying value 779 779 Accumulated amortization (779 ) (779 ) Net carrying value — — Total: Gross carrying value 67,354 73,693 Accumulated amortization (60,320 ) (59,193 ) Net carrying value $ 7,034 $ 14,500 Of our intangible assets at September 30, 2015 , $1.0 million are indefinite-lived tradenames which are not subject to amortization. The weighted average remaining amortization periods and expected amortization expense for the next five years for our definite lived intangible assets are as follows: Weighted average remaining amortization period (years) Expected Amortization Expense Remainder of 2015 2016 2017 2018 2019 2020 (in thousands) Noncompete agreements 1.1 $ 74 $ 260 $ — $ — $ — $ — Trademarks 2.7 10 40 40 17 — — Customer relationships and contracts 3.4 617 1,869 1,387 431 341 229 Developed technology 3.7 45 179 179 179 102 — Total expected intangible asset amortization expense $ 746 $ 2,348 $ 1,606 $ 627 $ 443 $ 229 Certain of our other intangible assets are denominated in Russian Rubles and, as such, the values of these assets are subject to fluctuations associated with changes in exchange rates. Amortization expense for our intangible assets was $0.8 million and $2.6 million for the three months ended September 30, 2015 and 2014 , respectively, and $2.4 million and $7.8 million for the nine months ended September 30, 2015 and 2014 , respectively. As a result of the planned sale of certain of our Enhanced Oilfield Technology business units assets, we will no longer be using a certain developed technology patent. As a result, we fully impaired the $3.4 million patent. In addition, we will no longer use our Edge tradename. As a result, we fully impaired the $1.5 million tradename. Both the Edge tradename and Enhanced Oilfield Technology developed technology patent were part of our Fishing and Rental Services segment. We perform an analysis of goodwill impairment on an annual basis unless an event occurs that triggers additional interim testing. The decline in market value of our stock during the fourth quarter of 2014 was determined to be a triggering event making it necessary to perform the first step of the goodwill impairment test for our U.S. Rig Services, Coiled Tubing Services, Fishing and Rental Services, Fluid Management Services and International segments. Based on the results of our step one analysis, the fair value of our U.S. Rig Services, Fluid Management Services and Fishing and Rental Services segments exceeded their carrying values, but the analysis indicated potential impairment in our Coiled Tubing Services segment. Step two of the goodwill impairment testing for the Coiled Tubing Services segment was performed preliminarily during the fourth quarter of 2014 and our analysis concluded that $19.1 million of goodwill was impaired. During the first quarter of 2015, we engaged outside consultants to assist us in finalizing our step two testing. Based on the additional analysis performed, we concluded that there was an additional $21.7 million of goodwill that was impaired. The additional decline in market value of our stock during the third quarter of 2015 as well as the persistent low oil prices and the affect that low oil prices have on our industry were also determined to be triggering events making it necessary to perform testing for possible goodwill impairment for our U.S. Rig Services, Coiled Tubing Services, Fishing and Rental Services, Fluid Management Services and International segments. Our analysis concluded that the remaining $561.0 million of goodwill of these segments was fully impaired. Also, during our goodwill analysis, there was an indication of impairment of fixed assets in our Coiled Tubing Services segment. See “ Note 7. Impairment of Fixed Assets ” for further discussion.

IMPAIRMENT OF FIXED ASSETS

IMPAIRMENT OF FIXED ASSETS	9 Months Ended
	Sep. 30, 2015
Impaired Long-Lived Assets Held and Used [Line Items]
Asset Impairment Charges [Text Block]	IMPAIRMENT OF FIXED ASSETS The decline in market value of our common stock in comparison to the carrying value of our assets during the third quarter of 2015 as well as the persistent low oil prices and the affect that low oil prices have on our industry were determined to be goodwill testing triggering events. These triggering events required us to perform step one of the goodwill impairment test to identify potential impairment. Our step one testing indicated potential impairment in our Coiled Tubing Services segment which required us to perform step two of the goodwill impairment test to determine the amount of impairment, if any. Our preliminary step two testing performed during the third quarter of 2015, using a discounted cash flow model to determine fair value, concluded that certain fixed assets were impaired. As a result, we recorded an estimated pre-tax charge of $45.0 million in the third quarter of 2015. During the fourth quarter of 2015, we will engage with outside consultants to assist us in finalizing the analysis needed to complete our step two testing and any adjustment to the amount recorded, which may be material, will be recorded at that time.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT As of September 30, 2015 and December 31, 2014 , the components of our long-term debt were as follows: September 30, 2015 December 31, 2014 (in thousands) 6.75% Senior Notes due 2021 $ 675,000 $ 675,000 Term Loan Facility due 2020 314,212 — Senior Secured Credit Facility revolving loans due 2016 — 70,000 Debt issuance costs and unamortized premium (discount) on debt, net (24,496 ) (7,309 ) Total 964,716 737,691 Less current portion (3,150 ) — Long-term debt $ 961,566 $ 737,691 6.75% Senior Notes due 2021 We have outstanding $675.0 million of 6.75% Senior Notes due 2021 (the “2021 Notes”). The 2021 Notes are general unsecured senior obligations and are effectively subordinated to all of our existing and future secured indebtedness. The 2021 Notes are or will be jointly and severally guaranteed on a senior unsecured basis by certain of our existing and future domestic subsidiaries. Interest on the 2021 Notes is payable on March 1 and September 1 of each year. The 2021 Notes mature on March 1, 2021 . On or after March 1, 2016, the 2021 Notes will be subject to redemption at any time and from time to time at our option, in whole or in part, at the redemption prices below (expressed as percentages of the principal amount redeemed), plus accrued and unpaid interest to the applicable redemption date, if redeemed during the twelve-month period beginning on March 1 of the years indicated below: Year Percentage 2016 103.375 % 2017 102.250 % 2018 101.125 % 2019 and thereafter 100.000 % At any time and from time to time prior to March 1, 2016 , we may, at our option, redeem all or a portion of the 2021 Notes at a redemption price equal to 100% of the principal amount plus a premium with respect to the 2021 Notes plus accrued and unpaid interest to the redemption date. The premium is the excess of (i) the present value of the redemption price of 103.375% of the principal amount, plus all remaining scheduled interest payments due through March 1, 2016 discounted at the treasury rate plus 0.5% over (ii) the principal amount of the note. If we experience a change of control, subject to certain exceptions, we must give holders of the 2021 Notes the opportunity to sell to us their 2021 Notes, in whole or in part, at a purchase price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest to the date of purchase. We are subject to certain negative covenants under the Indenture. The Indenture limits our ability to, among other things: • incur additional indebtedness and issue preferred equity interests; • pay dividends or make other distributions or repurchase or redeem equity interests; • make loans and investments; • enter into sale and leaseback transactions; • sell, transfer or otherwise convey assets; • create liens; • enter into transactions with affiliates; • enter into agreements restricting subsidiaries’ ability to pay dividends; • designate future subsidiaries as unrestricted subsidiaries; and • consolidate, merge or sell all or substantially all of the applicable entities’ assets. These covenants are subject to certain exceptions and qualifications, and contain cross-default provisions relating to the covenants of our Facilities discussed below. Substantially all of the covenants will terminate before the 2021 Notes mature if one of two specified ratings agencies assigns the 2021 Notes an investment grade rating in the future and no events of default exist under the Indenture. As of September 30, 2015 , the 2021 Notes were rated below investment grade. Any covenants that cease to apply to us as a result of achieving an investment grade rating will not be restored, even if the investment rating assigned to the 2021 Notes later falls below investment grade. We were in compliance with these covenants as of September 30, 2015 . Credit Facilities due 2020 On June 1, 2015, we entered into a $100.0 million asset-based revolving credit facility (“ABL Facility”) due February 28, 2020 and a $315.0 million term loan facility (“Term Loan Facility”) due June 1, 2020 (together, the “Facilities”). The Facilities replaced our existing $400 million 2011 Credit Facility (defined below). The ABL Facility bears interest at an annual rate on outstanding borrowings of LIBOR plus 4.5% , with a fee on unused commitments ranging from 1.00% to 1.25% based on utilization. The Term Loan Facility was issued at an original issue discount of 3.0% with an annual rate of LIBOR plus 9.25% with a 1.00% LIBOR floor and a quarterly principal payment of $787,500 that will begin in the third quarter of 2015. The original issue discount of $9.4 million and $11.1 million of deferred financing costs will be amortized over the term of the Facilities. The Facilities contain customary representations and warranties and certain affirmative and negative covenants, including covenants that restrict our ability to take certain actions without the permission of the Facilities lenders or as permitted under the Facilities including the incurrence of debt, the granting of liens, the making of investments, the payment of dividends and the sale of assets. The Facilities also contain financial covenants requiring that we maintain an asset coverage ratio of at least 1.5 to 1.0 and that liquidity, as defined in the Facilities agreements, must not be less than $100.0 million . The ABL also includes a fixed charge coverage ratio of at least 1.0 to 1.0, which is tested only if excess availability under the ABL falls below a specified threshold or upon the occurrence of certain other events. Additionally, in certain situations, we may be required to offer to prepay some principal amounts under the Term Loan Facility including 50% of our fiscal excess cash flow, as defined in the Term Loan Facility agreement. In the event of a change in control, as defined in the Term Loan Facility agreement, the Company must offer to prepay all term loans (i) at a price of 101% of the amount outstanding if, after giving effect to such change of control, the asset coverage ratio is at least 1.5 to 1.0 or (ii) at a price equal to the greater of 101% of the amount outstanding and the applicable prepayment premium provided for in the Term Loan Facility if, after giving effect to such change of control, the asset coverage ratio is less than 1.5 to 1.0. We were in compliance with covenants of the Facilities as of September 30, 2015 . As of September 30, 2015 , we have no borrowings outstanding under the ABL Facility and $48.2 million of letters of credit outstanding with borrowing capacity of $30.5 million available subject to covenant constraints under our ABL Facility. The weighted average interest rates on the outstanding borrowings under the ABL Facility and Term Loan Facility for the three and nine month periods ended September 30, 2015 were as follows: Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 (in thousands) ABL Facility — % — % Term Loan Facility 10.25 % 10.28 % Senior Secured Credit Facility On June 1, 2015, in connection with entering into the ABL Facility and the Term Loan Facility, we terminated our senior secured revolving bank credit facility, dated as of March 31, 2011, as amended through December 5, 2014 (the “2011 Credit Facility”), which was scheduled to mature no later than March 31, 2016 . The 2011 Credit Facility provided for a senior secured credit facility consisting of a revolving credit facility, letter of credit sub-facility and swing line facility of up to an aggregate principal amount of $400.0 million . The 2011 Credit Facility was terminated without any prepayment penalties. The remaining unamortized deferred financing costs of $0.8 million were written off at the time of the termination. The interest rate per annum applicable to the 2011 Credit Facility was, at our option, (i) adjusted LIBOR plus the applicable margin or (ii) the higher of (x) JPMorgan’s prime rate, (y) the Federal Funds rate plus 0.5% and (z) one-month adjusted LIBOR plus 1.0% , plus in each case the applicable margin for all other loans. The applicable margin for LIBOR loans had ranged from 225 to 300 basis points, and the applicable margin for all other loans had ranged from 125 to 200 basis points, depending upon our consolidated total leverage ratio as defined in the 2011 Credit Facility. Unused commitment fees on the facility was equal to 0.5% . The weighted average interest rates on the outstanding borrowings under the 2011 Credit Facility were zero and 3.01% for the three-month periods ended September 30, 2015 and September 30, 2014 , respectively, and the weighted average interest rates on the outstanding borrowings under the 2011 Credit Facility were 3.14 % and 2.92 % for the nine months ended September 30, 2015 and September 30, 2014 , respectively. Letter of Credit Facility On November 7, 2013, we entered into an uncommitted, unsecured $15.0 million letter of credit facility to be used solely for the issuances of performance letters of credit. As of September 30, 2015 , $2.0 million of letters of credit were outstanding under the facility.

OTHER INCOME, NET

OTHER INCOME, NET	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
OTHER INOME, NET	OTHER (INCOME) LOSS The table below presents comparative detailed information about our other income and expense, shown on the condensed consolidated statements of operations as “ other (income) loss, net ” for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Interest income $ (61 ) $ (12 ) $ (99 ) $ (60 ) Foreign exchange loss 2,472 1,118 4,065 1,107 Allowance for collectibility of notes receivable 3,755 — 7,705 — Other, net (251 ) (758 ) (1,572 ) (3,501 ) Total $ 5,915 $ 348 $ 10,099 $ (2,454 )

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES We are subject to U.S. federal income tax as well as income taxes in multiple state and foreign jurisdictions. Our effective tax rates for the three months ended September 30, 2015 and 2014 were 16.4% and 35.9% , respectively, and 19.7% and 29.2% for the nine months ended September 30, 2015 and 2014 , respectively. Excluding the impact of non-deductible goodwill impairment expense and valuation allowances recorded against deferred tax assets in the third quarter, our effective tax rates for the three and nine month periods ended September 30, 2015, were 31.7% and 32.1% , respectively. Our effective tax rate varies due to the mix of pre-tax profit between the U.S. and international taxing jurisdictions with varying statutory rates, the impact of permanent differences, including goodwill impairment expense, and discrete tax adjustments, such as valuation allowances against deferred tax assets and tax expense or benefit recognized for uncertain tax positions. The variance between our effective rate and the U.S. statutory rate reflects international profits and losses subject to varying statutory rates, the impact of permanent items, including goodwill impairment expense and expenses subject to statutorily imposed limitations such as meals and entertainment expenses, plus the impact of state income taxes and discrete tax adjustments, such as valuation allowances against deferred tax assets and tax expense or benefit recognized for uncertain tax positions. The Company assesses the realizability of its deferred tax assets each period by considering whether it is more likely than not that all or a portion of the deferred tax assets will not be realized. In the third quarter we concluded that it is more likely than not that all or a portion of the deferred tax assets related to the net operating loss carryforwards of certain of our international businesses will not be realized. As a result, we recorded a valuation allowance in the amount of $23.0 million against the net deferred tax asset as of September 30, 2015. As of September 30, 2015 and December 31, 2014 , we had $1.0 million of unrecognized tax benefits, net of federal tax benefit, which, if recognized, would impact our effective tax rate. We recognized a tax expense of less than $0.1 million for the three months ended September 30, 2015 and 2014 , related to these items. We have substantially concluded all U.S. federal and state tax matters through the year ended December 31, 2012. We record interest and penalties related to unrecognized tax benefits as income tax expense. We have accrued a liability of $0.1 million for the payment of interest and penalties as of September 30, 2015 and December 31, 2014 . We believe that it is reasonably possible that $0.6 million of our currently remaining unrecognized tax positions, each of which is individually insignificant, may be recognized in the next twelve months as a result of a lapse of statute of limitations and settlement of ongoing audits. No release of our deferred tax asset valuation allowance was made during the three or nine months ended September 30, 2015 and 2014 .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation Various suits and claims arising in the ordinary course of business are pending against us. We conduct business throughout the continental United States and may be subject to jury verdicts or arbitrations that result in outcomes in favor of the plaintiffs. We are also exposed to various claims abroad. We continually assess our contingent liabilities, including potential litigation liabilities, as well as the adequacy of our accruals and our need for the disclosure of these items, if any. We establish a provision for a contingent liability when it is probable that a liability has been incurred and the amount is reasonably estimable. We have $1.5 million of other liabilities related to litigation that is deemed probable and reasonably estimable as of September 30, 2015 . We do not believe that the disposition of any of these matters will result in an additional loss materially in excess of amounts that have been recorded. Between May of 2013 and June of 2014, five lawsuits ( four class actions and one enforcement action) were filed in California involving alleged violations of California's wage and hour laws. In general, the lawsuits allege failure to pay wages, including overtime and minimum wages, failure to pay final wages upon employment terminations in a timely manner, failure to reimburse reasonable and necessary business expenses, failure to provide wage statements consistent with California law, and violations of the California meal and break period laws, among other claims. Two of the five cases have been consolidated in United States District Court for the Central District of California. A hearing on the class certification motion was held August 10, 2015. As of October 30, 2015, no decision has been made by the court. One of the remaining cases has been stayed pending outcome of the class certification motion. The fourth case is waiting for a decision regarding whether it will move forward in California state court or in federal court. The fifth case is an enforcement action for civil penalties based on California’s Private Attorneys General Act, which is pending in California state court. We have investigated the claims in all five lawsuits, and intend to vigorously defend them. At this time, we cannot estimate any possible loss or range of loss. In January 2014, the SEC advised Key that it is investigating possible violations of the U.S. Foreign Corrupt Practices Act (“FCPA”) involving business activities of Key’s operations in Russia. In April 2014, we became aware of an allegation involving our Mexico operations that, if true, could potentially constitute a violation of certain of our policies, including our Code of Business Conduct, the FCPA and other applicable laws. On May 30, 2014, Key voluntarily disclosed the allegation involving our Mexico operations and certain information from the Company’s initial investigation to both the SEC and Department of Justice (“DOJ”). A Special Committee of our Board of Directors conducted an investigation regarding this allegation as well as possible violations of the FCPA involving business activities of our operations in Russia. The Special Committee’s independent review, which also included a review of certain aspects of the Company’s operations in Colombia, as well as a risk assessment with regard to our other international locations, has been completed. We are continuing to cooperate with the SEC and DOJ. At this time we are unable to predict the ultimate resolution of these matters with these agencies and, accordingly, cannot reasonably estimate any possible loss or range of loss. In August 2014, two class action lawsuits were filed in the U.S. District Court, Southern District of Texas, Houston Division, individually and on behalf of all other persons similarly situated against the Company and certain officers of the Company, alleging violations of federal securities laws, specifically, violations of Section 10(b) and Rule 10(b)-5, Section 20(a) of the Securities Exchange Act of 1934. Those lawsuits were styled as follows: Sean Cady, Individually and on Behalf of All Other Persons Similarly Situated v. Key Energy Services, Inc., Richard J. Alario, and J. Marshall Dodson, No. 4:14-cv-2368, filed on August 15, 2014; and Ian W. Davidson, Individually and on Behalf of All Other Persons Similarly Situated v. Key Energy Services, Inc., Richard J. Alario, and J. Marshall Dodson , No. 4.14-cv-2403, filed on August 21, 2014. On December 11, 2014, the Court entered an order that consolidated the two lawsuits into one action, along with any future filed tag-along actions brought on behalf of purchasers of Key Energy Services, Inc. common stock. The order also appointed Inter-Local Pension Fund as the lead plaintiff in the class action and approved the law firm of Spector Roseman Kodroff & Willis, P.C. as lead counsel for the consolidated class and Kendall Law Group, LLP, as local counsel for the consolidated class. The lead plaintiff filed the consolidated amended complaint on February 13, 2015. Among other changes, the consolidated amended complaint adds Taylor M. Whichard III and Newton W. Wilson III as defendants, and seeks to represent a class of purchasers of the Company's stock between September 4, 2012 and July 17, 2014. Defendants Key Energy Services, Inc., Richard J. Alario, J. Marshall Dodson and Newton W. Wilson III filed a Motion to Dismiss on April 14, 2015. Defendant Taylor M. Whichard III filed a Joinder in Motion and Motion to Dismiss on the same date. Lead plaintiff filed an opposition to that motion, and all defendants filed reply briefs in support of the motion. The court has not ruled upon it. Because this case is in the early stages, we cannot predict the outcome at this time. Accordingly, we cannot estimate any possible loss or range of loss. In addition, in a letter dated September 4, 2014, a purported shareholder of the Company demanded that the Board commence an independent internal investigation into and legal proceedings against each member of the Board, a former member of the Board and certain officers of the Company for alleged violations of Maryland and/or federal law. The letter alleges that the Board and senior officers breached their fiduciary duties to the Company, including the duty of loyalty and due care, by (i) improperly accounting for goodwill, (ii) causing the Company to potentially violate the FCPA, resulting in an investigation by the SEC, (iii) causing the Company to engage in improper conduct related to the Company’s Russia operations; and (iv) making false statements regarding, and failing to properly account for, certain contracts with Pemex. As described in the letter, the purported shareholder believes that the legal proceedings should seek recovery of damages in an unspecified amount allegedly sustained by the Company. The Board of Directors referred the demand letter to the Special Committee. We cannot predict the outcome of this matter. In March 2015, two collective action lawsuits were filed in the Southern District of Texas, Corpus Christi Division, individually and on behalf of all others similarly situated, alleging violations of the Fair Labor Standards Act of 1938 (“FLSA”). We have answered the lawsuits and asserted affirmative defenses. Because the cases are in the early stages, we cannot predict the outcomes at this time. Accordingly, we cannot estimate any possible loss or range of loss for either case. In May 2015, a class and collective action lawsuit was filed in the Southern District of Texas, Houston Division, individually and on behalf of all others similarly situated, alleging violations of the FLSA and the New Mexico Minimum Wage Act. We have answered the lawsuit and asserted affirmative defenses. Because the case is in the early stages, we cannot predict the outcome at this time. Accordingly, we cannot estimate any possible loss or range of loss of this case. Self-Insurance Reserves We maintain reserves for workers’ compensation and vehicle liability on our balance sheet based on our judgment and estimates using an actuarial method based on claims incurred. We estimate general liability claims on a case-by-case basis. We maintain insurance policies for workers’ compensation, vehicle liability and general liability claims. These insurance policies carry self-insured retention limits or deductibles on a per occurrence basis. The retention limits or deductibles are accounted for in our accrual process for all workers’ compensation, vehicular liability and general liability claims. As of September 30, 2015 and December 31, 2014 , we have recorded $59.3 million and $61.0 million , respectively, of self-insurance reserves related to workers’ compensation, vehicular liabilities and general liability claims. Partially offsetting these liabilities, we had $18.3 million and $ 18.7 million of insurance receivables as of September 30, 2015 and December 31, 2014 , respectively. We believe that the liabilities we have recorded are appropriate based on the known facts and circumstances and do not expect further losses materially in excess of the amounts already accrued for existing claims. Environmental Remediation Liabilities For environmental reserve matters, including remediation efforts for current locations and those relating to previously disposed properties, we record liabilities when our remediation efforts are probable and the costs to conduct such remediation efforts can be reasonably estimated. As of September 30, 2015 and December 31, 2014 , we have recorded $5.4 million and $5.7 million , respectively, for our environmental remediation liabilities. We believe that the liabilities we have recorded are appropriate based on the known facts and circumstances and do not expect further losses materially in excess of the amounts already accrued.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	LOSS PER SHARE Basic loss per share is determined by dividing net loss attributable to Key by the weighted average number of common shares actually outstanding during the period. Diluted loss per common share is based on the increased number of shares that would be outstanding assuming conversion of potentially dilutive outstanding securities using the treasury stock and “as if converted” methods. The components of our loss per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (in thousands, except per share amounts) Basic and Diluted EPS Calculation: Numerator Net loss $ (640,161 ) $ (62,229 ) $ (765,216 ) $ (126,324 ) Denominator Weighted average shares outstanding $ 157,605 $ 153,550 $ 156,266 153,327 Basic and diluted loss per share $ (4.06 ) $ (0.41 ) $ (4.90 ) $ (0.82 ) Stock options, warrants and stock appreciation rights (“SARs”) are included in the computation of diluted loss per share using the treasury stock method. Restricted stock awards are legally considered issued and outstanding when granted and are included in basic weighted average shares outstanding. The diluted earnings per share calculations for the three months ended September 30, 2015 exclude the potential exercise of 1.0 million stock options and 0.3 million SARs and for the nine months ended September 30, 2015 exclude the potential exercise of 1.3 million stock options and 0.3 million SARs as they would be anti-dilutive due to net loss during the period. The diluted earnings per share calculations for the three months ended September 30, 2014 exclude the potential exercise of 1.3 million stock options and 0.3 million SARs and for the nine months ended September 30, 2014 exclude the potential exercise of 1.4 million stock options and 0.3 million SARs as they would be anti-dilutive due to net loss during the period. No events occurred after September 30, 2015 that would materially affect the number of weighted average shares outstanding.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION We recognized employee share-based compensation expense of $0.8 million and less than $0.1 million during the three months ended September 30, 2015 and 2014 , respectively, and the related income tax benefit recognized was $0.2 million and less than $0.1 million for the same periods. We recognized employee share-based compensation expense of $6.9 million and $7.1 million during the nine months ended September 30, 2015 and 2014 , respectively, and the related income tax expense recognized was $2.4 million and $2.3 million , respectively, for the same period. We did not capitalize any share-based compensation during the three and nine months ended September 30, 2015 and 2014 . The unrecognized compensation cost related to our unvested restricted stock as of September 30, 2015 is estimated to be $8.3 million and is expected to be recognized over a weighted-average period of 1.3 years. All outstanding stock options are vested and there are no unrecognized cost related to our stock options as of September 30, 2015 . No phantom stock was outstanding as of September 30, 2015 . During May 2015 , we issued 598,860 restricted stock units to our outside directors under the Key Energy Services, Inc. 2014 Equity and Cash Incentive Plan that was approved by our stockholders on May 15, 2014 . These restricted stock units vested immediately and we recognized $1.6 million of expense related to these awards. Additionally, during May 2014 , we recognized $1.6 million of expense related to similar awards. In the first quarter of 2015, the Compensation Committee of the Board of Directors adopted both the 2014 Performance Award Agreement (“2014 PU Award Agreement”) under the Key Energy Services, Inc. 2014 Equity and Cash Incentive Plan (the “2014 Plan”) and the 2015 Performance Unit Plan (the “2015 PU Plan”). We believe that the 2015 PU Plan and 2014 PU Award Agreement will enable us to obtain and retain employees who will contribute to our long term success by aligning the interests of our executives with the interests of our stockholders by providing compensation that is linked directly to increases in share value. In January 2015 , we issued 2.1 million performance units to our executive officers under the 2014 Plan with such material terms as set forth in the 2014 PU Award Agreement. In February 2015, we issued 0.4 million performance units to certain other employees under the 2015 PU Plan. The performance units are measured based on one three -year performance period from January 1, 2015 to December 31, 2017. The number of performance units that may be earned by a participant is determined at the end of the performance period based on the relative placement of Key’s total stockholder return for that period within the peer group, as follows: Company Placement for the Performance Period Performance Units Earned as a Percentage of Target First 200 % Second 180 % Third 160 % Fourth 140 % Fifth 120 % Sixth 100 % Seventh 0 % Eighth 0 % Ninth 0 % Tenth 0 % Eleventh 0 % Twelfth 0 % If any performance units vest for a given performance period, the award holder will be paid a cash amount equal to the vested percentage of the performance units multiplied by the closing stock price of our common stock on the last trading day of the performance period. We account for the performance units as a liability-type award as they are settled in cash. As of September 30, 2015 , the fair value of outstanding performance units was $0.8 million , and is being accreted to compensation expense over the vesting terms of the awards. As of September 30, 2015 , the unrecognized compensation cost related to our unvested performance units is estimated to be $0.6 million and is expected to be recognized over a weighted-average period of 2.2 years.

TRANSACTIONS WITH RELATED PARTI

TRANSACTIONS WITH RELATED PARTIES	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
TRANSACTIONS WITH RELATED PARTIES	TRANSACTIONS WITH RELATED PARTIES Board of Director Relationships A member of our board of directors is the Executive Vice President, General Counsel and Chief Administrative Officer of Anadarko Petroleum Corporation (“Anadarko”), which is one of our customers. Sales to Anadarko were approximately $2.3 million and $8.1 million for the three months ended September 30, 2015 and 2014 , respectively, and $10.1 million and $26.2 million for the nine months ended September 30, 2015 and 2014 , respectively. Receivables outstanding from Anadarko were approximately $0.9 million and $2.9 million as of September 30, 2015 and December 31, 2014 , respectively. Transactions with Anadarko for our services are made on terms consistent with other customers.

ESTIMATED FAIR VALUE OF FINANCI

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS	ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of September 30, 2015 and December 31, 2014 . Cash, cash equivalents, accounts receivable, accounts payable and accrued liabilities. These carrying amounts approximate fair value because of the short maturity of the instruments or because the carrying value is equal to the fair value of those instruments on the balance sheet date. September 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (in thousands) Financial assets: Notes receivable - Argentina operations sale $ — $ — $ 8,300 $ 8,300 Financial liabilities: 6.75% Senior Notes due 2021 $ 675,000 $ 236,250 $ 675,000 $ 413,438 Term Loan Facility due 2020 314,212 314,212 — — Credit Facility revolving loans — — 70,000 70,000 Notes receivable — Argentina operations sale . A $4.0 million valuation allowance for collectibility of the notes receivable was recorded in the first quarter of 2015. An additional $3.8 million reserve was recorded in the third quarter of 2015. 6.75% Senior Notes due 2021. The fair value of these notes are based upon the quoted market prices for those securities as of the dates indicated. The carrying value of these notes as of September 30, 2015 was $675.0 million , and the fair value was $236.3 million ( 35.0% of carrying value). Term Loan Facility due 2020 . Because the variable interest rates of these loans approximate current market rates, the fair values of the loans borrowed under this facility approximate their carrying values. Credit Facility Revolving Loans . In connection with entering into the ABL Facility and the Term Loan Facility, we terminated our 2011 Credit Facility on June 1, 2015.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We revised our reportable business segments as of the fourth quarter of 2014. The revised reportable segments are U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services and International. We also have a “Functional Support” segment associated with overhead and other costs in support of our reportable segments. Segment disclosures as of and for the the three and nine months ended September 30, 2014 have been revised to reflect the change in reportable segments. We revised our segments to reflect changes in management’s resource allocation and performance assessment in making decisions regarding our business. Our U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services operate geographically within the United States. The International reportable segment includes our operations in Mexico, Colombia, Ecuador, Russia, Bahrain and Oman. Our Canadian subsidiary is also reflected in our International reportable segment. We evaluate the performance of our segments based on gross margin measures. All inter-segment sales pricing is based on current market conditions. U.S. Rig Services Our U.S. Rig Services include the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells at the end of their useful lives. We also provide specialty drilling services to oil and natural gas producers with certain of our larger rigs that are capable of providing conventional and horizontal drilling services. Our rigs encompass various sizes and capabilities, allowing us to service all types of wells with depths up to 20,000 feet. Many of our rigs are outfitted with our proprietary KeyView® technology, which captures and reports well site operating data and provides safety control systems. We believe that this technology allows our customers and our crews to better monitor well site operations, improves efficiency and safety, and adds value to the services that we offer. The completion and recompletion services provided by our rigs prepare wells for production, whether newly drilled, or recently extended through a workover operation. The completion process may involve selectively perforating the well casing to access production zones, stimulating and testing these zones, and installing tubular and downhole equipment. We typically provide a well service rig and may also provide other equipment to assist in the completion process. Completion services vary by well and our work may take a few days to several weeks to perform, depending on the nature of the completion. The workover services that we provide are designed to enhance the production of existing wells and generally are more complex and time consuming than normal maintenance services. Workover services can include deepening or extending wellbores into new formations by drilling horizontal or lateral wellbores, sealing off depleted production zones and accessing previously bypassed production zones, converting former production wells into injection wells for enhanced recovery operations and conducting major subsurface repairs due to equipment failures. Workover services may last from a few days to several weeks, depending on the complexity of the workover. Maintenance services provided with our rig fleet are generally required throughout the life cycle of an oil or natural gas well. Examples of these maintenance services include routine mechanical repairs to the pumps, tubing and other equipment, removing debris and formation material from wellbores, and pulling rods and other downhole equipment from wellbores to identify and resolve production problems. Maintenance services are generally less complicated than completion and workover related services and require less time to perform. Our rig fleet is also used in the process of permanently shutting-in oil or natural gas wells that are at the end of their productive lives. These plugging and abandonment services generally require auxiliary equipment in addition to a well servicing rig. The demand for plugging and abandonment services is not significantly impacted by the demand for oil and natural gas because well operators are required by state regulations to plug wells that are no longer productive. Fluid Management Services We provide transportation and well-site storage services for various fluids utilized in connection with drilling, completions, workover and maintenance activities. We also provide disposal services for fluids produced subsequent to well completion. These fluids are removed from the well site and transported for disposal in saltwater disposal wells owned by us or a third party. In addition, we operate a fleet of hot oilers capable of pumping heated fluids used to clear soluble restrictions in a wellbore. Demand and pricing for these services generally correspond to demand for our well service rigs. Coiled Tubing Services Coiled Tubing Services involve the use of a continuous metal pipe spooled onto a large reel which is then deployed into oil and natural gas wells to perform various applications, such as wellbore clean-outs, nitrogen jet lifts, through-tubing fishing, and formation stimulations utilizing acid and chemical treatments. Coiled tubing is also used for a number of horizontal well applications such as milling temporary isolation plugs that separate frac zones, and various other pre- and post-hydraulic fracturing well preparation services. Fishing and Rental Services We offer a full line of fishing services and rental equipment designed for use in providing both onshore and offshore drilling and workover services. Fishing services involve recovering lost or stuck equipment in the wellbore utilizing a broad array of “fishing tools.” Our rental tool inventory consists of drill pipe, tubulars, handling tools (including our patented Hydra-Walk ® pipe-handling units and services), pressure-control equipment, pumps, power swivels, reversing units, foam air units, frac stack equipment used to support hydraulic fracturing operations and the associated flowback of frac fluids, proppants, oil and natural gas. We also provide well testing services. Demand for our fishing and rental services is closely related to capital spending by oil and natural gas producers, which is generally a function of oil and natural gas prices. International Our International segment includes operations in Mexico, Colombia, Ecuador, the Middle East and Russia. We provide rig-based services such as the maintenance, workover, recompletion of existing oil wells, completion of newly-drilled wells and plugging and abandonment of wells at the end of their useful lives in each of our international markets. In addition, we have a technology development and control systems business based in Canada. In addition, in Mexico we provide drilling, coiled tubing, wireline and project management and consulting services. Our work in Mexico also requires us to provide third-party services, which vary in scope by project. Our technology development and control systems business based in Canada is focused on the development of hardware and software related to oilfield service equipment controls, data acquisition and digital information flow. In April 2015, we announced our decision to exit markets in which we participate outside of North America. Our strategy is to sell or relocate the assets of the businesses operating in these markets. We are in negotiations to sell our subsidiary in Bahrain and certain assets in Oman. We expect these sales to occur before the end of 2015. In the third quarter, we transferred four rigs from Ecuador to the U.S. and sold the remaining operating assets of our Ecuadorian business unit at auction. Additionally, in Colombia, we relocated one rig to the U.S. in the third quarter and plan to sell or relocate thirteen rigs to the U.S. in the fourth quarter. We plan to sell the remaining property and equipment, net, and inventories of our Colombian business unit in the fourth quarter of 2015. Functional Support Our Functional Support segment includes unallocated overhead costs associated with administrative support for our U.S. and International reporting segments. Financial Summary The following tables set forth our unaudited segment information as of and for the three and nine months ended September 30, 2015 and 2014 (in thousands): As of and for the three months ended September 30, 2015 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 85,200 $ 35,519 $ 20,820 $ 27,629 $ 7,689 $ — $ — $ 176,857 Intersegment revenues 84 417 2 1,552 763 542 (3,360 ) — Depreciation and amortization 14,876 6,618 5,671 8,561 6,236 3,308 — 45,270 Impairment expense 297,719 24,479 105,995 180,974 40,777 — — 649,944 Other operating expenses 77,939 32,758 25,726 24,172 32,844 26,380 — 219,819 Operating loss (305,334 ) (28,336 ) (116,572 ) (186,078 ) (72,168 ) (29,688 ) — (738,176 ) Interest expense, net of amounts capitalized — — — — 16 21,688 — 21,704 Loss before income taxes (305,373 ) (28,321 ) (116,570 ) (185,784 ) (74,408 ) (55,339 ) — (765,795 ) Long-lived assets(1) 495,278 152,610 60,871 141,349 150,897 198,340 (145,984 ) 1,053,361 Total assets 1,333,275 279,377 143,892 474,416 250,438 (579,969 ) (407,405 ) 1,494,024 Capital expenditures 779 2,200 434 2,586 4 229 — 6,232 As of and for the three months ended September 30, 2014 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 178,219 $ 63,818 $ 42,309 $ 55,502 $ 25,950 $ — $ — $ 365,798 Intersegment revenues 278 368 — (1,045 ) 2,343 361 (2,305 ) — Depreciation and amortization 15,375 8,101 5,850 11,031 7,689 2,878 — 50,924 Impairment expense — — — 60,792 — — — 60,792 Other operating expenses 134,707 55,859 36,443 39,094 27,517 43,716 — 337,336 Operating income (loss) 28,137 (142 ) 16 (55,415 ) (9,256 ) (46,594 ) — (83,254 ) Interest expense, net of amounts capitalized — — — — 1 13,416 — 13,417 Income (loss) before income taxes 28,214 (104 ) 240 (55,397 ) (10,274 ) (59,698 ) — (97,019 ) Long-lived assets(1) 782,392 201,985 217,122 347,144 260,706 274,946 (160,014 ) 1,924,281 Total assets 1,593,832 288,597 254,701 657,890 415,678 (430,217 ) (373,835 ) 2,406,646 Capital expenditures 22,884 583 3,071 9,618 831 1,704 — 38,691 As of and for the nine months ended September 30, 2015 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 299,275 $ 125,452 $ 73,446 $ 98,461 $ 45,518 $ — $ — $ 642,152 Intersegment revenues 543 1,146 2 4,801 2,928 1,626 (11,046 ) — Depreciation and amortization 44,561 20,865 17,279 26,507 19,572 9,593 — 138,377 Impairment expense 297,719 24,479 127,695 180,974 62,129 — — 692,996 Other operating expenses 258,461 107,027 72,949 83,688 74,467 104,952 — 701,544 Operating loss (301,466 ) (26,919 ) (144,477 ) (192,708 ) (110,650 ) (114,545 ) — (890,765 ) Interest expense, net of amounts capitalized — — — — 16 52,088 — 52,104 Loss before income taxes (301,408 ) (26,838 ) (144,464 ) (192,584 ) (113,958 ) (173,716 ) — (952,968 ) Long-lived assets(1) 495,278 152,610 60,871 141,349 150,897 198,340 (145,984 ) 1,053,361 Total assets 1,333,275 279,377 143,892 474,416 250,438 (579,969 ) (407,405 ) 1,494,024 Capital expenditures 13,641 6,000 4,555 8,205 2,879 3,627 — 38,907 As of and for the nine months ended September 30, 2014 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 512,950 $ 187,493 $ 129,912 $ 158,052 $ 84,127 $ — $ — $ 1,072,534 Intersegment revenues 568 512 — (1,045 ) 7,111 1,446 (8,592 ) — Depreciation and amortization 44,166 24,534 17,655 35,646 23,388 8,814 — 154,203 Impairment expense — — — 60,792 28,687 — — 89,479 Other operating expenses 393,344 159,796 106,685 113,396 88,645 107,402 — 969,268 Operating income (loss) 75,440 3,163 5,572 (51,782 ) (56,593 ) (116,216 ) — (140,416 ) Interest expense, net of amounts capitalized — — (1 ) — 29 40,369 — 40,397 Income (loss) before income taxes 76,458 3,594 6,083 (51,468 ) (57,511 ) (155,515 ) — (178,359 ) Long-lived assets(1) 782,392 201,985 217,122 347,144 260,706 274,946 (160,014 ) 1,924,281 Total assets 1,593,832 288,597 254,701 657,890 415,678 (430,217 ) (373,835 ) 2,406,646 Capital expenditures 66,780 2,341 6,568 20,773 4,501 7,157 — 108,120 (1) Long-lived assets include fixed assets, goodwill, intangibles and other non-current assets. (2) Functional Support is geographically located in the United States.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	9 Months Ended
	Sep. 30, 2015
Condensed Consolidating Financial Statements [Abstract]
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	CONDENSED CONSOLIDATING FINANCIAL STATEMENTS Our 2021 Notes, ABL Facility and Term Loan Facility are guaranteed by virtually all our domestic subsidiaries, all of which are wholly owned. The guarantees are joint and several, full, complete and unconditional. There are no restrictions on the ability of subsidiary guarantors to transfer funds to the parent company. As a result of these guarantee arrangements, we are required to present the following condensed consolidating financial information pursuant to SEC Regulation S-X Rule 3-10, “ Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” CONDENSED CONSOLIDATING UNAUDITED BALANCE SHEETS September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets: Current assets $ 194,876 $ 218,717 $ 27,070 $ — $ 440,663 Property and equipment, net — 979,808 26,018 — 1,005,826 Goodwill — — — — — Intercompany notes and accounts receivable and investment in subsidiaries 2,277,824 1,248,558 59,222 (3,585,604 ) — Other assets — 41,831 5,704 — 47,535 TOTAL ASSETS $ 2,472,700 $ 2,488,914 $ 118,014 $ (3,585,604 ) $ 1,494,024 Liabilities and equity: Current liabilities $ 4,791 $ 114,406 $ 19,109 $ — $ 138,306 Long-term debt 961,566 — — — 961,566 Intercompany notes and accounts payable 1,162,648 2,724,959 130,048 (4,017,655 ) — Deferred tax liabilities 44,149 344 (4,449 ) — 40,044 Other long-term liabilities 6,882 54,578 (33 ) — 61,427 Equity 292,664 (405,373 ) (26,661 ) 432,051 292,681 TOTAL LIABILITIES AND EQUITY $ 2,472,700 $ 2,488,914 $ 118,014 $ (3,585,604 ) $ 1,494,024 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets: Current assets $ 39,020 $ 341,188 $ 53,587 $ — $ 433,795 Property and equipment, net — 1,128,776 106,482 — 1,235,258 Goodwill — 578,358 4,381 — 582,739 Intercompany notes and accounts receivable and investment in subsidiaries 3,170,874 1,426,160 42,352 (4,639,386 ) — Other assets — 56,664 14,307 — 70,971 TOTAL ASSETS $ 3,209,894 $ 3,531,146 $ 221,109 $ (4,639,386 ) $ 2,322,763 Liabilities and equity: Current liabilities $ 22,046 $ 192,079 $ 27,733 $ — $ 241,858 Long-term debt 737,691 — — — 737,691 Intercompany notes and accounts payable 1,162,648 2,696,051 123,810 (3,982,509 ) — Deferred tax liabilities 228,199 398 (134 ) (69 ) 228,394 Other long-term liabilities 1,264 55,182 311 — 56,757 Equity 1,058,046 587,436 69,389 (656,808 ) 1,058,063 TOTAL LIABILITIES AND EQUITY $ 3,209,894 $ 3,531,146 $ 221,109 $ (4,639,386 ) $ 2,322,763 CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Three Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 170,913 $ 8,876 $ (2,932 ) $ 176,857 Direct operating expense — 166,503 9,487 (1,485 ) 174,505 Depreciation and amortization expense — 43,001 2,269 — 45,270 General and administrative expense 200 42,664 3,891 (1,441 ) 45,314 Impairment expense — 610,384 39,560 — 649,944 Operating loss (200 ) (691,639 ) (46,331 ) (6 ) (738,176 ) Interest expense, net of amounts capitalized 21,689 — 15 — 21,704 Other (income) loss, net (756 ) 5,164 1,462 45 5,915 Loss before income taxes (21,133 ) (696,803 ) (47,808 ) (51 ) (765,795 ) Income tax (expense) benefit 146,571 (21,259 ) 322 — 125,634 Net income (loss) $ 125,438 $ (718,062 ) $ (47,486 ) $ (51 ) $ (640,161 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Three Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 340,496 $ 30,163 $ (4,861 ) $ 365,798 Direct operating expense — 252,747 21,115 (1,750 ) 272,112 Depreciation and amortization expense — 47,451 3,473 — 50,924 General and administrative expense 231 62,660 5,391 (3,058 ) 65,224 Impairment expense — 60,792 — — 60,792 Operating income (loss) (231 ) (83,154 ) 184 (53 ) (83,254 ) Interest expense, net of amounts capitalized 13,415 — 2 — 13,417 Other (income) loss, net (430 ) (18 ) 798 (2 ) 348 Loss before income taxes (13,216 ) (83,136 ) (616 ) (51 ) (97,019 ) Income tax benefit 32,158 2,301 331 — 34,790 Net income (loss) $ 18,942 $ (80,835 ) $ (285 ) $ (51 ) $ (62,229 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 605,381 $ 46,945 $ (10,174 ) $ 642,152 Direct operating expense — 504,843 38,107 (5,074 ) 537,876 Depreciation and amortization expense — 130,525 7,852 — 138,377 General and administrative expense 607 156,458 11,684 (5,081 ) 163,668 Impairment expense — 632,084 60,912 — 692,996 Operating loss (607 ) (818,529 ) (71,610 ) (19 ) (890,765 ) Interest expense, net of amounts capitalized 52,089 — 15 — 52,104 Other (income) loss, net (1,656 ) 9,650 2,045 60 10,099 Loss before income taxes (51,040 ) (828,179 ) (73,670 ) (79 ) (952,968 ) Income tax (expense) benefit 208,189 (21,256 ) 819 — 187,752 Net income (loss) $ 157,149 $ (849,435 ) $ (72,851 ) $ (79 ) $ (765,216 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 997,806 $ 93,716 $ (18,988 ) $ 1,072,534 Direct operating expense — 734,672 66,798 (8,173 ) 793,297 Depreciation and amortization expense — 143,916 10,287 — 154,203 General and administrative expense 709 167,714 18,347 (10,799 ) 175,971 Impairment expense — 60,792 28,687 — 89,479 Operating loss (709 ) (109,288 ) (30,403 ) (16 ) (140,416 ) Interest expense, net of amounts capitalized 40,369 (1 ) 29 — 40,397 Other (income) loss, net (1,719 ) (1,314 ) 550 29 (2,454 ) Loss before income taxes (39,359 ) (107,973 ) (30,982 ) (45 ) (178,359 ) Income tax benefit 43,141 8,144 750 — 52,035 Net income (loss) $ 3,782 $ (99,829 ) $ (30,232 ) $ (45 ) $ (126,324 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ — $ (25,358 ) $ 4,520 $ — $ (20,838 ) Cash flows from investing activities: Capital expenditures — (37,667 ) (1,240 ) — (38,907 ) Intercompany notes and accounts — 57,401 — (57,401 ) — Other investing activities, net — 12,095 — — 12,095 Net cash provided by (used in) investing activities — 31,829 (1,240 ) (57,401 ) (26,812 ) Cash flows from financing activities: Repayments of long-term debt (788 ) — — — (788 ) Proceeds from long-term debt 305,550 — — — 305,550 Proceeds from borrowings on revolving credit facility 130,000 — — — 130,000 Repayments on revolving credit facility (200,000 ) — — — (200,000 ) Payment of deferred financing costs (11,072 ) — — — (11,072 ) Repurchases of common stock (313 ) — — — (313 ) Intercompany notes and accounts (57,401 ) — — 57,401 — Other financing activities, net (3,301 ) — — — (3,301 ) Net cash provided by financing activities 162,675 — — 57,401 220,076 Effect of changes in exchange rates on cash — — (613 ) — (613 ) Net increase in cash and cash equivalents 162,675 6,471 2,667 — 171,813 Cash and cash equivalents at beginning of period 19,949 450 6,905 — 27,304 Cash and cash equivalents at end of period $ 182,624 $ 6,921 $ 9,572 $ — $ 199,117 CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Net cash provided by operating activities $ — $ 122,697 $ 3,387 $ — $ 126,084 Cash flows from investing activities: Capital expenditures — (104,336 ) (3,784 ) — (108,120 ) Intercompany notes and accounts — (33,381 ) — 33,381 — Other investing activities, net 16,278 — — 16,278 Net cash used in investing activities — (121,439 ) (3,784 ) 33,381 (91,842 ) Cash flows from financing activities: Repayments of long-term debt (3,573 ) — — — (3,573 ) Proceeds from borrowings on revolving credit facility 220,000 — — — 220,000 Repayments on revolving credit facility (225,000 ) — — — (225,000 ) Repurchases of common stock (2,239 ) — — — (2,239 ) Intercompany notes and accounts 33,381 — — (33,381 ) — Other financing activities, net (1,240 ) — — — (1,240 ) Net cash provided by (used in) financing activities 21,329 — — (33,381 ) (12,052 ) Effect of changes in exchange rates on cash — — 6,896 — 6,896 Net increase in cash and cash equivalents 21,329 1,258 6,499 — 29,086 Cash and cash equivalents at beginning of period 23,115 788 4,403 — 28,306 Cash and cash equivalents at end of period $ 44,444 $ 2,046 $ 10,902 $ — $ 57,392

SIGNIFICANT ACCOUNTING POLICI24

SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Accounting Standards Not Yet Adopted in this Report	Recent Accounting Developments ASU 2015-03 . In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The objective of this ASU is to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods, with early adoption permitted. We adopted ASU 2015-03 in the second quarter of 2015 using the retrospective transition method. As a result, $10.7 million of unamortized deferred financing costs on our December 31, 2014 balance sheet was reclassified from non-current assets to a direct deduction of long-term debt. The adoption of this standard did not affect our results of operations or cash flows. ASU 2014-09. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The objective of this ASU is to establish the principles to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue from contracts with customers. The core principle is to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 must be adopted using either a full retrospective method or a modified retrospective method. During a July 2015 meeting, the FASB affirmed a proposal to defer the effective date of the new revenue standard for all entities by one year. As a result, ASU 2014-09 is effective for the Company for interim and annual reporting periods beginning after December 15, 2017 with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. We are currently evaluating the standard to determine the impact of its adoption on the consolidated financial statements.

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2015
ASSETS HELD FOR SALE [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	The following assets and related liabilities are classified as held for sale on our September 30, 2015 condensed consolidated balance sheet. Bahrain Oman Colombia Enhanced Oilfield Technology Total (in thousands) Current assets: Cash and cash equivalents $ 1,576 $ — $ — $ — $ 1,576 Accounts receivable 385 — — — 385 Inventories — 591 83 1,791 2,465 Other current assets 660 — — — 660 Total current assets 2,621 591 83 1,791 5,086 Property and equipment, net 2,421 3,631 4,014 1,209 11,275 Other non-current assets 137 — — — 137 Total assets $ 5,179 $ 4,222 $ 4,097 $ 3,000 $ 16,498 Current liabilities: — — — — Accounts payable 149 — — — 149 Other current liabilities 46 — — — 46 Total current liabilities 195 — — — 195 Other non-current liabilities 84 — — — 84 Net Assets $ 4,900 $ 4,222 $ 4,097 $ 3,000 $ 16,219

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Schedule of Stockholders Equity	A reconciliation of the total carrying amount of our equity accounts for the nine months ended September 30, 2015 is as follows: COMMON STOCKHOLDERS Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Loss Retained Earnings (Deficit) Total Number of Shares Amount at Par (in thousands) Balance at December 31, 2014 153,557 $ 15,356 $ 960,647 $ (37,280 ) $ 119,340 $ 1,058,063 Foreign currency translation — — — (4,750 ) — (4,750 ) Common stock purchases (147 ) (15 ) (298 ) — — (313 ) Share-based compensation 4,288 429 7,769 — — 8,198 Tax expense from share-based compensation — — (3,301 ) — — (3,301 ) Net loss — — — — (765,216 ) (765,216 ) Balance at September 30, 2015 157,698 $ 15,770 $ 964,817 $ (42,030 ) $ (645,876 ) $ 292,681 A reconciliation of the total carrying amount of our equity accounts for nine months ended September 30, 2014 is as follows: COMMON STOCKHOLDERS Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Loss Retained Earnings Total Number of Shares Amount at Par (in thousands) Balance at December 31, 2013 152,331 $ 15,233 $ 953,306 $ (15,414 ) $ 297,968 $ 1,251,093 Foreign currency translation — — — (9,011 ) — (9,011 ) Common stock purchases (288 ) (29 ) (2,210 ) — — (2,239 ) Share-based compensation 1,516 152 9,125 — — 9,277 Tax expense from share-based compensation — — (1,240 ) — — (1,240 ) Net loss — — — — (126,324 ) (126,324 ) Balance at September 30, 2014 153,559 $ 15,356 $ 958,981 $ (24,425 ) $ 171,644 $ 1,121,556

OTHER BALANCE SHEET INFORMATI27

OTHER BALANCE SHEET INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Balance Sheet Disclosures [Abstract]
Other Current Assets	The table below presents comparative detailed information about other current assets at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other current assets: Deferred tax assets $ 10,142 $ 11,823 Prepaid current assets 19,460 28,218 Reinsurance receivable 8,941 9,200 VAT asset 14,997 18,889 Current assets held for sale 5,086 — Other 21,643 18,724 Total $ 80,269 $ 86,854
Other Noncurrent Assets	The table below presents comparative detailed information about other non-current assets at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other non-current assets: Deferred tax assets $ 11,279 $ 35,238 Reinsurance receivable 9,375 9,537 Deposits 7,352 10,125 Equity method investments 993 987 Non-current assets held for sale 11,412 — Other 90 584 Total $ 40,501 $ 56,471
Other Current Liabilities	The table below presents comparative detailed information about other current liabilities at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other current liabilities: Accrued payroll, taxes and employee benefits $ 28,115 $ 32,477 Accrued operating expenditures 13,736 45,899 Income, sales, use and other taxes 7,240 25,892 Self-insurance reserve 30,425 31,359 Accrued interest 12,315 15,241 Accrued insurance premiums 315 7,515 Current liabilities held for sale 195 — Share-based compensation and other liabilities 6,684 5,844 Total $ 99,025 $ 164,227
Other Noncurrent Liabilities	The table below presents comparative detailed information about other non-current liabilities at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (in thousands) Other non-current liabilities: Asset retirement obligations $ 12,711 $ 12,525 Environmental liabilities 5,425 5,730 Accrued rent — 263 Accrued sales, use and other taxes 11,751 5,411 Non-current liabilities held for sale 84 — Other 2,571 3,138 Total $ 32,542 $ 27,067

GOODWILL AND OTHER INTANGIBLE28

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the nine months ended September 30, 2015 are as follows: U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Total (in thousands) December 31, 2014 $ 297,719 $ 24,479 $ 82,695 $ 173,463 $ 4,383 $ 582,739 Goodwill impairment (297,719 ) (24,479 ) (82,695 ) (173,463 ) (4,383 ) (582,739 ) September 30, 2015 $ — $ — $ — $ — $ — $ —
Other Intangible Assets	The components of our other intangible assets as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 December 31, 2014 (in thousands) Noncompete agreements: Gross carrying value $ 2,269 $ 2,269 Accumulated amortization (1,935 ) (1,710 ) Net carrying value 334 559 Patents, trademarks and tradenames: Gross carrying value 1,435 3,106 Accumulated amortization (293 ) (263 ) Net carrying value 1,142 2,843 Customer relationships and contracts: Gross carrying value 58,797 59,045 Accumulated amortization (53,923 ) (52,303 ) Net carrying value 4,874 6,742 Developed technology: Gross carrying value 4,074 8,494 Accumulated amortization (3,390 ) (4,138 ) Net carrying value 684 4,356 Customer backlog: Gross carrying value 779 779 Accumulated amortization (779 ) (779 ) Net carrying value — — Total: Gross carrying value 67,354 73,693 Accumulated amortization (60,320 ) (59,193 ) Net carrying value $ 7,034 $ 14,500
Weighted Average Remaining Amortization Periods and Expected Amortization Expense for the Next Five Years for Intangible	The weighted average remaining amortization periods and expected amortization expense for the next five years for our definite lived intangible assets are as follows: Weighted average remaining amortization period (years) Expected Amortization Expense Remainder of 2015 2016 2017 2018 2019 2020 (in thousands) Noncompete agreements 1.1 $ 74 $ 260 $ — $ — $ — $ — Trademarks 2.7 10 40 40 17 — — Customer relationships and contracts 3.4 617 1,869 1,387 431 341 229 Developed technology 3.7 45 179 179 179 102 — Total expected intangible asset amortization expense $ 746 $ 2,348 $ 1,606 $ 627 $ 443 $ 229

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	As of September 30, 2015 and December 31, 2014 , the components of our long-term debt were as follows: September 30, 2015 December 31, 2014 (in thousands) 6.75% Senior Notes due 2021 $ 675,000 $ 675,000 Term Loan Facility due 2020 314,212 — Senior Secured Credit Facility revolving loans due 2016 — 70,000 Debt issuance costs and unamortized premium (discount) on debt, net (24,496 ) (7,309 ) Total 964,716 737,691 Less current portion (3,150 ) — Long-term debt $ 961,566 $ 737,691
Schedule of Debt	On or after March 1, 2016, the 2021 Notes will be subject to redemption at any time and from time to time at our option, in whole or in part, at the redemption prices below (expressed as percentages of the principal amount redeemed), plus accrued and unpaid interest to the applicable redemption date, if redeemed during the twelve-month period beginning on March 1 of the years indicated below: Year Percentage 2016 103.375 % 2017 102.250 % 2018 101.125 % 2019 and thereafter 100.000 %

OTHER INCOME, NET (Tables)

OTHER INCOME, NET (Tables)	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
Other Income and Expense	The table below presents comparative detailed information about our other income and expense, shown on the condensed consolidated statements of operations as “ other (income) loss, net ” for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Interest income $ (61 ) $ (12 ) $ (99 ) $ (60 ) Foreign exchange loss 2,472 1,118 4,065 1,107 Allowance for collectibility of notes receivable 3,755 — 7,705 — Other, net (251 ) (758 ) (1,572 ) (3,501 ) Total $ 5,915 $ 348 $ 10,099 $ (2,454 )

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The components of our loss per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (in thousands, except per share amounts) Basic and Diluted EPS Calculation: Numerator Net loss $ (640,161 ) $ (62,229 ) $ (765,216 ) $ (126,324 ) Denominator Weighted average shares outstanding $ 157,605 $ 153,550 $ 156,266 153,327 Basic and diluted loss per share $ (4.06 ) $ (0.41 ) $ (4.90 ) $ (0.82 )

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number Of Performance Units Earned Based on Relative Placement of Total Stockholder Return for Period Within Peer Group	The number of performance units that may be earned by a participant is determined at the end of the performance period based on the relative placement of Key’s total stockholder return for that period within the peer group, as follows: Company Placement for the Performance Period Performance Units Earned as a Percentage of Target First 200 % Second 180 % Third 160 % Fourth 140 % Fifth 120 % Sixth 100 % Seventh 0 % Eighth 0 % Ninth 0 % Tenth 0 % Eleventh 0 % Twelfth 0 %

ESTIMATED FAIR VALUE OF FINAN33

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Carrying Amounts and Estimated Fair Values of Financial Instruments	The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of September 30, 2015 and December 31, 2014 . Cash, cash equivalents, accounts receivable, accounts payable and accrued liabilities. These carrying amounts approximate fair value because of the short maturity of the instruments or because the carrying value is equal to the fair value of those instruments on the balance sheet date. September 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (in thousands) Financial assets: Notes receivable - Argentina operations sale $ — $ — $ 8,300 $ 8,300 Financial liabilities: 6.75% Senior Notes due 2021 $ 675,000 $ 236,250 $ 675,000 $ 413,438 Term Loan Facility due 2020 314,212 314,212 — — Credit Facility revolving loans — — 70,000 70,000

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	The following tables set forth our unaudited segment information as of and for the three and nine months ended September 30, 2015 and 2014 (in thousands): As of and for the three months ended September 30, 2015 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 85,200 $ 35,519 $ 20,820 $ 27,629 $ 7,689 $ — $ — $ 176,857 Intersegment revenues 84 417 2 1,552 763 542 (3,360 ) — Depreciation and amortization 14,876 6,618 5,671 8,561 6,236 3,308 — 45,270 Impairment expense 297,719 24,479 105,995 180,974 40,777 — — 649,944 Other operating expenses 77,939 32,758 25,726 24,172 32,844 26,380 — 219,819 Operating loss (305,334 ) (28,336 ) (116,572 ) (186,078 ) (72,168 ) (29,688 ) — (738,176 ) Interest expense, net of amounts capitalized — — — — 16 21,688 — 21,704 Loss before income taxes (305,373 ) (28,321 ) (116,570 ) (185,784 ) (74,408 ) (55,339 ) — (765,795 ) Long-lived assets(1) 495,278 152,610 60,871 141,349 150,897 198,340 (145,984 ) 1,053,361 Total assets 1,333,275 279,377 143,892 474,416 250,438 (579,969 ) (407,405 ) 1,494,024 Capital expenditures 779 2,200 434 2,586 4 229 — 6,232 As of and for the three months ended September 30, 2014 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 178,219 $ 63,818 $ 42,309 $ 55,502 $ 25,950 $ — $ — $ 365,798 Intersegment revenues 278 368 — (1,045 ) 2,343 361 (2,305 ) — Depreciation and amortization 15,375 8,101 5,850 11,031 7,689 2,878 — 50,924 Impairment expense — — — 60,792 — — — 60,792 Other operating expenses 134,707 55,859 36,443 39,094 27,517 43,716 — 337,336 Operating income (loss) 28,137 (142 ) 16 (55,415 ) (9,256 ) (46,594 ) — (83,254 ) Interest expense, net of amounts capitalized — — — — 1 13,416 — 13,417 Income (loss) before income taxes 28,214 (104 ) 240 (55,397 ) (10,274 ) (59,698 ) — (97,019 ) Long-lived assets(1) 782,392 201,985 217,122 347,144 260,706 274,946 (160,014 ) 1,924,281 Total assets 1,593,832 288,597 254,701 657,890 415,678 (430,217 ) (373,835 ) 2,406,646 Capital expenditures 22,884 583 3,071 9,618 831 1,704 — 38,691 As of and for the nine months ended September 30, 2015 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 299,275 $ 125,452 $ 73,446 $ 98,461 $ 45,518 $ — $ — $ 642,152 Intersegment revenues 543 1,146 2 4,801 2,928 1,626 (11,046 ) — Depreciation and amortization 44,561 20,865 17,279 26,507 19,572 9,593 — 138,377 Impairment expense 297,719 24,479 127,695 180,974 62,129 — — 692,996 Other operating expenses 258,461 107,027 72,949 83,688 74,467 104,952 — 701,544 Operating loss (301,466 ) (26,919 ) (144,477 ) (192,708 ) (110,650 ) (114,545 ) — (890,765 ) Interest expense, net of amounts capitalized — — — — 16 52,088 — 52,104 Loss before income taxes (301,408 ) (26,838 ) (144,464 ) (192,584 ) (113,958 ) (173,716 ) — (952,968 ) Long-lived assets(1) 495,278 152,610 60,871 141,349 150,897 198,340 (145,984 ) 1,053,361 Total assets 1,333,275 279,377 143,892 474,416 250,438 (579,969 ) (407,405 ) 1,494,024 Capital expenditures 13,641 6,000 4,555 8,205 2,879 3,627 — 38,907 As of and for the nine months ended September 30, 2014 U.S. Rig Services Fluid Management Services Coiled Tubing Services Fishing and Rental Services International Functional Support(2) Reconciling Eliminations Total Revenues from external customers $ 512,950 $ 187,493 $ 129,912 $ 158,052 $ 84,127 $ — $ — $ 1,072,534 Intersegment revenues 568 512 — (1,045 ) 7,111 1,446 (8,592 ) — Depreciation and amortization 44,166 24,534 17,655 35,646 23,388 8,814 — 154,203 Impairment expense — — — 60,792 28,687 — — 89,479 Other operating expenses 393,344 159,796 106,685 113,396 88,645 107,402 — 969,268 Operating income (loss) 75,440 3,163 5,572 (51,782 ) (56,593 ) (116,216 ) — (140,416 ) Interest expense, net of amounts capitalized — — (1 ) — 29 40,369 — 40,397 Income (loss) before income taxes 76,458 3,594 6,083 (51,468 ) (57,511 ) (155,515 ) — (178,359 ) Long-lived assets(1) 782,392 201,985 217,122 347,144 260,706 274,946 (160,014 ) 1,924,281 Total assets 1,593,832 288,597 254,701 657,890 415,678 (430,217 ) (373,835 ) 2,406,646 Capital expenditures 66,780 2,341 6,568 20,773 4,501 7,157 — 108,120 (1) Long-lived assets include fixed assets, goodwill, intangibles and other non-current assets. (2) Functional Support is geographically located in the United States

CONDENSED CONSOLIDATING FINAN35

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Condensed Consolidating Financial Statements [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING UNAUDITED BALANCE SHEETS September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets: Current assets $ 194,876 $ 218,717 $ 27,070 $ — $ 440,663 Property and equipment, net — 979,808 26,018 — 1,005,826 Goodwill — — — — — Intercompany notes and accounts receivable and investment in subsidiaries 2,277,824 1,248,558 59,222 (3,585,604 ) — Other assets — 41,831 5,704 — 47,535 TOTAL ASSETS $ 2,472,700 $ 2,488,914 $ 118,014 $ (3,585,604 ) $ 1,494,024 Liabilities and equity: Current liabilities $ 4,791 $ 114,406 $ 19,109 $ — $ 138,306 Long-term debt 961,566 — — — 961,566 Intercompany notes and accounts payable 1,162,648 2,724,959 130,048 (4,017,655 ) — Deferred tax liabilities 44,149 344 (4,449 ) — 40,044 Other long-term liabilities 6,882 54,578 (33 ) — 61,427 Equity 292,664 (405,373 ) (26,661 ) 432,051 292,681 TOTAL LIABILITIES AND EQUITY $ 2,472,700 $ 2,488,914 $ 118,014 $ (3,585,604 ) $ 1,494,024 CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets: Current assets $ 39,020 $ 341,188 $ 53,587 $ — $ 433,795 Property and equipment, net — 1,128,776 106,482 — 1,235,258 Goodwill — 578,358 4,381 — 582,739 Intercompany notes and accounts receivable and investment in subsidiaries 3,170,874 1,426,160 42,352 (4,639,386 ) — Other assets — 56,664 14,307 — 70,971 TOTAL ASSETS $ 3,209,894 $ 3,531,146 $ 221,109 $ (4,639,386 ) $ 2,322,763 Liabilities and equity: Current liabilities $ 22,046 $ 192,079 $ 27,733 $ — $ 241,858 Long-term debt 737,691 — — — 737,691 Intercompany notes and accounts payable 1,162,648 2,696,051 123,810 (3,982,509 ) — Deferred tax liabilities 228,199 398 (134 ) (69 ) 228,394 Other long-term liabilities 1,264 55,182 311 — 56,757 Equity 1,058,046 587,436 69,389 (656,808 ) 1,058,063 TOTAL LIABILITIES AND EQUITY $ 3,209,894 $ 3,531,146 $ 221,109 $ (4,639,386 ) $ 2,322,763
Condensed Consolidating Unaudited Statements of Operations	CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Three Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 170,913 $ 8,876 $ (2,932 ) $ 176,857 Direct operating expense — 166,503 9,487 (1,485 ) 174,505 Depreciation and amortization expense — 43,001 2,269 — 45,270 General and administrative expense 200 42,664 3,891 (1,441 ) 45,314 Impairment expense — 610,384 39,560 — 649,944 Operating loss (200 ) (691,639 ) (46,331 ) (6 ) (738,176 ) Interest expense, net of amounts capitalized 21,689 — 15 — 21,704 Other (income) loss, net (756 ) 5,164 1,462 45 5,915 Loss before income taxes (21,133 ) (696,803 ) (47,808 ) (51 ) (765,795 ) Income tax (expense) benefit 146,571 (21,259 ) 322 — 125,634 Net income (loss) $ 125,438 $ (718,062 ) $ (47,486 ) $ (51 ) $ (640,161 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Three Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 340,496 $ 30,163 $ (4,861 ) $ 365,798 Direct operating expense — 252,747 21,115 (1,750 ) 272,112 Depreciation and amortization expense — 47,451 3,473 — 50,924 General and administrative expense 231 62,660 5,391 (3,058 ) 65,224 Impairment expense — 60,792 — — 60,792 Operating income (loss) (231 ) (83,154 ) 184 (53 ) (83,254 ) Interest expense, net of amounts capitalized 13,415 — 2 — 13,417 Other (income) loss, net (430 ) (18 ) 798 (2 ) 348 Loss before income taxes (13,216 ) (83,136 ) (616 ) (51 ) (97,019 ) Income tax benefit 32,158 2,301 331 — 34,790 Net income (loss) $ 18,942 $ (80,835 ) $ (285 ) $ (51 ) $ (62,229 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 605,381 $ 46,945 $ (10,174 ) $ 642,152 Direct operating expense — 504,843 38,107 (5,074 ) 537,876 Depreciation and amortization expense — 130,525 7,852 — 138,377 General and administrative expense 607 156,458 11,684 (5,081 ) 163,668 Impairment expense — 632,084 60,912 — 692,996 Operating loss (607 ) (818,529 ) (71,610 ) (19 ) (890,765 ) Interest expense, net of amounts capitalized 52,089 — 15 — 52,104 Other (income) loss, net (1,656 ) 9,650 2,045 60 10,099 Loss before income taxes (51,040 ) (828,179 ) (73,670 ) (79 ) (952,968 ) Income tax (expense) benefit 208,189 (21,256 ) 819 — 187,752 Net income (loss) $ 157,149 $ (849,435 ) $ (72,851 ) $ (79 ) $ (765,216 ) CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenues $ — $ 997,806 $ 93,716 $ (18,988 ) $ 1,072,534 Direct operating expense — 734,672 66,798 (8,173 ) 793,297 Depreciation and amortization expense — 143,916 10,287 — 154,203 General and administrative expense 709 167,714 18,347 (10,799 ) 175,971 Impairment expense — 60,792 28,687 — 89,479 Operating loss (709 ) (109,288 ) (30,403 ) (16 ) (140,416 ) Interest expense, net of amounts capitalized 40,369 (1 ) 29 — 40,397 Other (income) loss, net (1,719 ) (1,314 ) 550 29 (2,454 ) Loss before income taxes (39,359 ) (107,973 ) (30,982 ) (45 ) (178,359 ) Income tax benefit 43,141 8,144 750 — 52,035 Net income (loss) $ 3,782 $ (99,829 ) $ (30,232 ) $ (45 ) $ (126,324 )
Condensed Consolidating Unaudited Statements of Cash Flows	CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2015 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Net cash provided by (used in) operating activities $ — $ (25,358 ) $ 4,520 $ — $ (20,838 ) Cash flows from investing activities: Capital expenditures — (37,667 ) (1,240 ) — (38,907 ) Intercompany notes and accounts — 57,401 — (57,401 ) — Other investing activities, net — 12,095 — — 12,095 Net cash provided by (used in) investing activities — 31,829 (1,240 ) (57,401 ) (26,812 ) Cash flows from financing activities: Repayments of long-term debt (788 ) — — — (788 ) Proceeds from long-term debt 305,550 — — — 305,550 Proceeds from borrowings on revolving credit facility 130,000 — — — 130,000 Repayments on revolving credit facility (200,000 ) — — — (200,000 ) Payment of deferred financing costs (11,072 ) — — — (11,072 ) Repurchases of common stock (313 ) — — — (313 ) Intercompany notes and accounts (57,401 ) — — 57,401 — Other financing activities, net (3,301 ) — — — (3,301 ) Net cash provided by financing activities 162,675 — — 57,401 220,076 Effect of changes in exchange rates on cash — — (613 ) — (613 ) Net increase in cash and cash equivalents 162,675 6,471 2,667 — 171,813 Cash and cash equivalents at beginning of period 19,949 450 6,905 — 27,304 Cash and cash equivalents at end of period $ 182,624 $ 6,921 $ 9,572 $ — $ 199,117 CONDENSED CONSOLIDATING UNAUDITED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2014 Parent Company Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Net cash provided by operating activities $ — $ 122,697 $ 3,387 $ — $ 126,084 Cash flows from investing activities: Capital expenditures — (104,336 ) (3,784 ) — (108,120 ) Intercompany notes and accounts — (33,381 ) — 33,381 — Other investing activities, net 16,278 — — 16,278 Net cash used in investing activities — (121,439 ) (3,784 ) 33,381 (91,842 ) Cash flows from financing activities: Repayments of long-term debt (3,573 ) — — — (3,573 ) Proceeds from borrowings on revolving credit facility 220,000 — — — 220,000 Repayments on revolving credit facility (225,000 ) — — — (225,000 ) Repurchases of common stock (2,239 ) — — — (2,239 ) Intercompany notes and accounts 33,381 — — (33,381 ) — Other financing activities, net (1,240 ) — — — (1,240 ) Net cash provided by (used in) financing activities 21,329 — — (33,381 ) (12,052 ) Effect of changes in exchange rates on cash — — 6,896 — 6,896 Net increase in cash and cash equivalents 21,329 1,258 6,499 — 29,086 Cash and cash equivalents at beginning of period 23,115 788 4,403 — 28,306 Cash and cash equivalents at end of period $ 44,444 $ 2,046 $ 10,902 $ — $ 57,392

ASSETS HELD FOR SALE (Details)

ASSETS HELD FOR SALE (Details) $ in Thousands	3 Months Ended				9 Months Ended
	Dec. 31, 2015	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		$ 199,117		$ 57,392	$ 199,117	$ 57,392	$ 27,304	$ 28,306
Accounts receivable		129,328			129,328		289,466
Inventories		31,949			31,949		30,171
Other current assets		80,269			80,269		86,854
Current assets		440,663			440,663		433,795
Property and equipment, net		1,005,826			1,005,826		1,235,258
Other non-current assets		40,501			40,501		56,471
Assets		1,494,024		2,406,646	1,494,024	2,406,646	2,322,763
Accounts payable		36,131			36,131		77,631
Other current liabilities		99,025			99,025		164,227
Current liabilities		138,306			138,306		241,858
Other non-current liabilities		32,542			32,542		$ 27,067
Impairment expense		$ 649,944		$ 60,792	692,996	$ 89,479
Number Of Rigs Relocated		1
Oman Business Unit [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		$ 0			0
Accounts receivable		0			0
Inventories		591			591
Other current assets		0			0
Current assets		591			591
Property and equipment, net		3,631			3,631
Other non-current assets		0			0
Assets		4,222			4,222
Accounts payable		0			0
Other current liabilities		0			0
Current liabilities		0			0
Other non-current liabilities		0			0
Net Assets		4,222			4,222
Impairment expense			$ 21,400
Ecuadorian Business Unit [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment expense					4,100
Bahraini Business Unit [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		1,576			1,576
Accounts receivable		385			385
Inventories		0			0
Other current assets		660			660
Current assets		2,621			2,621
Property and equipment, net		2,421			2,421
Other non-current assets		137			137
Assets		5,179			5,179
Accounts payable		149			149
Other current liabilities		46			46
Current liabilities		195			195
Other non-current liabilities		84			84
Net Assets		4,900			4,900
Impairment expense					7,000
Proceeds from Sale of Assets Held for Sale					4,900
Columbian Business Unit [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		0			0
Accounts receivable		0			0
Inventories		83			83
Other current assets		0			0
Current assets		83			83
Property and equipment, net		4,014			4,014
Other non-current assets		0			0
Assets		4,097			4,097
Accounts payable		0			0
Other current liabilities		0			0
Current liabilities		0			0
Other non-current liabilities		0			0
Net Assets		4,097			4,097
Impairment expense					25,300
Enhanced Oilfield Technology Business Unit [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		0			0
Accounts receivable		0			0
Inventories		1,791			1,791
Other current assets		0			0
Current assets		1,791			1,791
Property and equipment, net		1,209			1,209
Other non-current assets		0			0
Assets		3,000			3,000
Accounts payable		0			0
Other current liabilities		0			0
Current liabilities		0			0
Other non-current liabilities		0			0
Net Assets		3,000			3,000
Impairment expense					6,000
Total Disposal Group
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents		1,576			1,576
Accounts receivable		385			385
Inventories		2,465			2,465
Other current assets		660			660
Current assets		5,086			5,086
Property and equipment, net		11,275			11,275
Other non-current assets		137			137
Assets		16,498			16,498
Accounts payable		149			149
Other current liabilities		46			46
Current liabilities		195			195
Other non-current liabilities		84			84
Net Assets		$ 16,219			$ 16,219
Scenario, Forecast [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number Of Rigs Relocated	13

EQUITY (Details)

EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period (in shares)			153,557,108
Balance at end of period (in shares)	157,697,732		157,697,732
Balance at beginning of period			$ 1,058,063	$ 1,251,093
Foreign currency translation	$ (5,266)	$ (7,010)	(4,750)	(9,011)
Common stock purchases			(313)	(2,239)
Share-based compensation			8,198	9,277
Tax expense from share-based compensation			(3,301)	(1,240)
Net loss	(640,161)	(62,229)	(765,216)	(126,324)
Balance at end of period	$ 292,681	$ 1,121,556	$ 292,681	$ 1,121,556
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period (in shares)			153,557,000	152,331,000
Common stock purchases (in shares)			(147,000)	(288,000)
Share-based compensation (in shares)			4,288,000	1,516,000
Balance at end of period (in shares)	157,698,000	153,559,000	157,698,000	153,559,000
Balance at beginning of period			$ 15,356	$ 15,233
Common stock purchases			(15)	(29)
Share-based compensation			429	152
Balance at end of period	$ 15,770	$ 15,356	15,770	15,356
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period			960,647	953,306
Common stock purchases			(298)	(2,210)
Share-based compensation			7,769	9,125
Tax expense from share-based compensation			(3,301)	(1,240)
Balance at end of period	964,817	958,981	964,817	958,981
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period			(37,280)	(15,414)
Foreign currency translation			(4,750)	(9,011)
Balance at end of period	(42,030)	(24,425)	(42,030)	(24,425)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period			119,340	297,968
Net loss			(765,216)	(126,324)
Balance at end of period	$ (645,876)	$ 171,644	$ (645,876)	$ 171,644

OTHER BALANCE SHEET INFORMATI38

OTHER BALANCE SHEET INFORMATION - Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other current assets:
Deferred tax assets	$ 10,142	$ 11,823
Prepaid current assets	19,460	28,218
Reinsurance receivable	8,941	9,200
VAT asset	14,997	18,889
Current assets held for sale	5,086	0
Other	21,643	18,724
Total	$ 80,269	$ 86,854

OTHER BALANCE SHEET INFORMATI39

OTHER BALANCE SHEET INFORMATION - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other non-current assets:
Deferred tax assets	$ 11,279	$ 35,238
Reinsurance receivable	9,375	9,537
Deposits	7,352	10,125
Equity method investments	993	987
Non-current assets held for sale	11,412	0
Other	90	584
Total	$ 40,501	$ 56,471

OTHER BALANCE SHEET INFORMATI40

OTHER BALANCE SHEET INFORMATION - Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other current liabilities:
Accrued payroll, taxes and employee benefits	$ 28,115	$ 32,477
Accrued operating expenditures	13,736	45,899
Income, sales, use and other taxes	7,240	25,892
Self-insurance reserve	30,425	31,359
Accrued interest	12,315	15,241
Accrued insurance premiums	315	7,515
Current liabilities held for sale	195	0
Share-based compensation and other liabilities	6,684	5,844
Total	$ 99,025	$ 164,227

OTHER BALANCE SHEET INFORMATI41

OTHER BALANCE SHEET INFORMATION - Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other non-current liabilities:
Asset retirement obligations	$ 12,711	$ 12,525
Environmental liabilities	5,425	5,730
Accrued rent	0	263
Accrued sales, use and other taxes	11,751	5,411
Non-current liabilities held for sale	84	0
Other	2,571	3,138
Total	$ 32,542	$ 27,067

GOODWILL AND OTHER INTANGIBLE42

GOODWILL AND OTHER INTANGIBLE ASSETS - Carrying Amount of Goodwill (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Goodwill [Roll Forward]
December 31, 2014		$ 582,739,000		$ 582,739,000
Goodwill impairment	$ (561,000,000)			(582,739,000)
September 30, 2015	0		$ 582,739,000	0
U.S. Rig Services
Goodwill [Roll Forward]
December 31, 2014		297,719,000		297,719,000
Goodwill impairment				(297,719,000)
September 30, 2015	0		297,719,000	0
Fluid Management Services
Goodwill [Roll Forward]
December 31, 2014		24,479,000		24,479,000
Goodwill impairment				(24,479,000)
September 30, 2015	0		24,479,000	0
Coiled Tubing Services
Goodwill [Roll Forward]
December 31, 2014		82,695,000		82,695,000
Goodwill impairment		(21,700,000)	(19,100,000)	(82,695,000)
September 30, 2015	0		82,695,000	0
Fishing and Rental Services
Goodwill [Roll Forward]
December 31, 2014		173,463,000		173,463,000
Goodwill impairment				(173,463,000)
September 30, 2015	0		173,463,000	0
International
Goodwill [Roll Forward]
December 31, 2014		$ 4,383,000		4,383,000
Goodwill impairment				(4,383,000)
September 30, 2015	$ 0		$ 4,383,000	$ 0

GOODWILL AND OTHER INTANGIBLE43

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Intangible Assets [Line Items]
Gross carrying value	$ 67,354	$ 73,693
Accumulated amortization	(60,320)	(59,193)
Net carrying value	7,034	14,500
Noncompete agreements
Intangible Assets [Line Items]
Gross carrying value	2,269	2,269
Accumulated amortization	(1,935)	(1,710)
Net carrying value	334	559
Patents, trademarks and tradename
Intangible Assets [Line Items]
Gross carrying value	1,435	3,106
Accumulated amortization	(293)	(263)
Net carrying value	1,142	2,843
Customer relationships and contracts
Intangible Assets [Line Items]
Gross carrying value	58,797	59,045
Accumulated amortization	(53,923)	(52,303)
Net carrying value	4,874	6,742
Developed technology
Intangible Assets [Line Items]
Gross carrying value	4,074	8,494
Accumulated amortization	(3,390)	(4,138)
Net carrying value	684	4,356
Customer backlog
Intangible Assets [Line Items]
Gross carrying value	779	779
Accumulated amortization	(779)	(779)
Net carrying value	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE44

GOODWILL AND OTHER INTANGIBLE ASSETS - Weighted Average Remaining Amortization Periods and Expected Amortization Expense for Next Five Years for Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Expected Amortization Expense-Remainder of 2015	$ 746
Expected Amortization Expense-2016	2,348
Expected Amortization Expense-2017	1,606
Expected Amortization Expense-2018	627
Expected Amortization Expense-2019	443
Expected Amortization Expense-2020	$ 229
Noncompete agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 1 month 6 days
Expected Amortization Expense-Remainder of 2015	$ 74
Expected Amortization Expense-2016	260
Expected Amortization Expense-2017	0
Expected Amortization Expense-2018	0
Expected Amortization Expense-2019	0
Expected Amortization Expense-2020	$ 0
Patents, trademarks and tradename
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years 8 months 12 days
Expected Amortization Expense-Remainder of 2015	$ 10
Expected Amortization Expense-2016	40
Expected Amortization Expense-2017	40
Expected Amortization Expense-2018	17
Expected Amortization Expense-2019	0
Expected Amortization Expense-2020	$ 0
Customer relationships and contracts
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years 4 months 24 days
Expected Amortization Expense-Remainder of 2015	$ 617
Expected Amortization Expense-2016	1,869
Expected Amortization Expense-2017	1,387
Expected Amortization Expense-2018	431
Expected Amortization Expense-2019	341
Expected Amortization Expense-2020	$ 229
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years 8 months 12 days
Expected Amortization Expense-Remainder of 2015	$ 45
Expected Amortization Expense-2016	179
Expected Amortization Expense-2017	179
Expected Amortization Expense-2018	179
Expected Amortization Expense-2019	102
Expected Amortization Expense-2020	$ 0

GOODWILL AND OTHER INTANGIBLE45

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill [Line Items]
Indefinite-lived trade names	$ 1,000,000				$ 1,000,000
Goodwill impairment	561,000,000				582,739,000
Amortization of intangible assets	$ 800,000			$ 2,600,000	2,400,000	$ 7,800,000
Impairment of Intangible Assets (Excluding Goodwill)					3,400,000
Impairment of Long-Lived Assets to be Disposed of					1,500,000
Coiled Tubing Services
Goodwill [Line Items]
Goodwill impairment		$ 21,700,000	$ 19,100,000		$ 82,695,000

IMPAIRMENT OF FIXED ASSETS (Det

IMPAIRMENT OF FIXED ASSETS (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 45

LONG-TERM DEBT - Schedule of De

LONG-TERM DEBT - Schedule of Debt (Details) - USD ($)	Sep. 30, 2015	Jun. 01, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
6.75% Senior Notes due 2021	$ 675,000,000		$ 675,000,000
Senior Secured Credit Facility revolving loans due 2016	0		70,000,000
Debt issuance costs and unamortized premium (discount) on debt, net	24,496,000		(7,309,000)
Total debt	964,716,000		737,691,000
Current portion of long-term debt	(3,150,000)		0
Long-term debt	961,566,000		737,691,000
Term Loan Facilities due 2020 [Member]
Debt Instrument [Line Items]
Term Loan Facility due 2020	$ 314,212,000	$ 315,000,000	$ 0

LONG-TERM DEBT - 6.75% Senior N

LONG-TERM DEBT - 6.75% Senior Notes due 2021 (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Mar. 04, 2011
Debt Instrument [Line Items]
6.75% Senior Notes due 2021	$ 675,000,000	$ 675,000,000
Fiscal Year 2016
Debt Instrument [Line Items]
Debt redemption price percent of principal amount	103.375%
Fiscal Year 2017
Debt Instrument [Line Items]
Debt redemption price percent of principal amount	102.25%
Fiscal Year 2018
Debt Instrument [Line Items]
Debt redemption price percent of principal amount	101.125%
Fiscal Year 2019 And Thereafter
Debt Instrument [Line Items]
Debt redemption price percent of principal amount	100.00%
Senior Notes 6.75 Percent Due 2021 | Prior To March 1, 2016
Debt Instrument [Line Items]
Senior notes, call feature	At any time and from time to time prior to March 1, 2016, we may, at our option, redeem all or a portion of the 2021 Notes at a redemption price equal to 100% of the principal amount plus a premium with respect to the 2021 Notes plus accrued and unpaid interest to the redemption date. The premium is the excess of (i) the present value of the redemption price of 103.375% of the principal amount, plus all remaining scheduled interest payments due through March 1, 2016 discounted at the treasury rate plus 0.5% over (ii) the principal amount of the note. If we experience a change of control, subject to certain exceptions, we must give holders of the 2021 Notes the opportunity to sell to us their 2021 Notes, in whole or in part, at a purchase price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest to the date of purchase.
Senior notes, latest call date	Mar. 1, 2016
Debt redemption price percent of principal amount	103.375%
Additional interest rate above Federal Funds rate	0.50%
Debt purchase price percent of principal amount	101.00%
Senior Notes | Senior Notes 6.75 Percent Due 2021
Debt Instrument [Line Items]
Debt stated percentage			6.75%
Debt instrument interest rate payment date	Interest on the 2021 Notes is payable on March 1 and September 1 of each year.
Senior notes, maturity date	Mar. 1, 2021

LONG-TERM DEBT LONG-TERM DEBT -

LONG-TERM DEBT LONG-TERM DEBT - Facilities due 2020 (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 01, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000		$ 15,000,000
Credit Facility revolving loans, carrying value	0		0			$ 70,000,000
Letters of Credit Outstanding, Amount	$ 2,000,000		$ 2,000,000
ABL Facilities due 2020 [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 100,000,000
Line of Credit Facility, Expiration Date			Feb. 28, 2020
Commitment fee minimum	1.00%		1.00%
Commitment fee maximum	1.25%		1.25%
Debt Instrument Interest Additional Interest Above annual L I B O R Rate			4.50%
Fixed charge coverage ratio	1		1
Credit Facility revolving loans, carrying value	$ 0		$ 0
Letters of Credit Outstanding, Amount	48,200,000		48,200,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 30,500,000		30,500,000
Line Of Credit Facility Weighted Average Interest Rate During Period	0.00%
Term Loan Facilities due 2020 [Member]
Debt Instrument [Line Items]
Term Loan Facility due 2020	$ 314,212,000		$ 314,212,000		$ 315,000,000	$ 0
Term Loan Facilities, Expiration Date			Jun. 1, 2020
Original Issue Discount Rate	3.00%		3.00%
Debt Instrument Interest Additional Interest Above annual L I B O R Rate			9.25%
L I B O R floor			1.00%
Quarterly Loan Principal Payment	$ 787,500
Debt Instrument, Unamortized Discount	$ 9,400,000		$ 9,400,000
Loan Facility Weighted Average Interest Rate During Period	10.25%
Credit Facilities due 2020 [Member]
Debt Instrument [Line Items]
Deferred Finance Costs, Gross	$ 11,100,000		$ 11,100,000
Leverage ratio	1.5		1.5
Minimum liquidity requirement	$ 100,000,000		$ 100,000,000
2011 Credit Facility
Debt Instrument [Line Items]
Commitment fee minimum	0.50%		0.50%
Line Of Credit Facility Weighted Average Interest Rate During Period	0.00%	3.01%	3.14%	2.92%
2011 Credit Facility | Amendment Of Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000,000		$ 400,000,000
Line of Credit Facility, Expiration Date			Mar. 31, 2016

LONG-TERM DEBT - Senior Secured

LONG-TERM DEBT - Senior Secured Credit Facility (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 15,000,000		$ 15,000,000
Senior Secured Credit Facility revolving loans due 2016	0		$ 0		$ 70,000,000
Write off of Deferred Debt Issuance Cost	$ 800,000
2011 Credit Facility
Line of Credit Facility [Line Items]
Additional interest rate above Federal Funds rate			0.50%
Additional interest rate above one-month adjusted LIBOR			1.00%
Commitment fee minimum	0.50%		0.50%
Line Of Credit Facility Weighted Average Interest Rate During Period	0.00%	3.01%	3.14%	2.92%
Line of Credit Facility, Covenant Terms			the amended 2011 Credit Facility contains certain affirmative and negative covenants, including, without limitation, restrictions on (i) liens; (ii) debt, guarantees and other contingent obligations; (iii) mergers and consolidations; (iv) sales, transfers and other dispositions of property or assets; (v) loans, acquisitions, joint ventures and other investments (with acquisitions permitted so long as, after giving pro forma effect thereto, no default or event of default exists under the 2011 Credit Facility, the pro forma consolidated total leverage ratio does not exceed 4.00 to 1.00, we are in compliance with other financial covenants and we have at least $25.0 million of availability under the 2011 Credit Facility); (vi) dividends and other distributions to, and redemptions and repurchases from, equityholders; (vii) making investments, loans or advances; (viii) selling properties; (ix) prepaying, redeeming or repurchasing subordinated (contractually or structurally) debt; (x) engaging in transactions with affiliates; (xi) entering into hedging arrangements; (xii) entering into sale and leaseback transactions; (xiii) granting negative pledges other than to the lenders; (xiv) changes in the nature of business; (xv) amending organizational documents; and (xvi) changes in accounting policies or reporting practices; in each of the foregoing cases, with certain exceptions.
2011 Credit Facility | L I B O R [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Interest Rate Basis Points					2.25%
2011 Credit Facility | L I B O R [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Interest Rate Basis Points					3.00%
2011 Credit Facility | Other Loans [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Interest Rate Basis Points					1.25%
2011 Credit Facility | Other Loans [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Interest Rate Basis Points					2.00%
2011 Credit Facility | Amendment Of Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 400,000,000		$ 400,000,000
Line of Credit Facility, Expiration Date			Mar. 31, 2016

LONG-TERM DEBT LONG-TERM DEBT51

LONG-TERM DEBT LONG-TERM DEBT - Letter of Credit Facility (Details) $ in Millions	Sep. 30, 2015USD ($)
Debt Disclosure [Abstract]
Maximum borrowing capacity	$ 15
Letters of Credit Outstanding, Amount	$ 2

OTHER INCOME, NET (Detail)

OTHER INCOME, NET (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Income and Expenses [Abstract]
Interest income	$ (61)		$ (12)	$ (99)	$ (60)
Foreign exchange loss	2,472		1,118	4,065	1,107
Write-off of notes receivable	3,755	$ 3,950	0	7,705	0
Other, net	(251)		(758)	(1,572)	(3,501)
Total	$ (5,915)		$ (348)	$ (10,099)	$ 2,454

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	16.40%	35.90%	19.70%	29.20%
Effective tax rate excluding the impact of non-deductible goodwill impairment expense and valuation allowances	31.70%		32.10%
Valuation allowance for deferred tax assets	$ 23		$ 23
Unrecognized tax benefits, net of federal tax benefit, if recognized, would impact effective tax rate	1		1		$ 1
Tax expense related to unrecognized tax benefits	(0.1)	$ (0.1)
Accrued liability for the payment of interest and penalties	0.1		0.1		$ 0.1
Remaining unrecognized tax positions, that may be recognized in the next twelve months	$ 0.6		$ 0.6

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	1 Months Ended			14 Months Ended
	May. 31, 2015lawsuit	Mar. 31, 2015lawsuit	Aug. 31, 2014lawsuit	Jun. 30, 2014lawsuit	Sep. 30, 2015USD ($)lawsuit	Dec. 31, 2014USD ($)
Loss Contingencies [Line Items]
Aggregate amount of contingent litigation liabilities | $					$ 1.5
Number of lawsuits filed				5
Loss Contingency, Pending Claims, Number					1
Self-insurance liabilities related to workers' compensation, vehicular liabilities, and general liability claims recorded | $					$ 59.3	$ 61
Insurance receivables which partially offset self-insurance liabilities | $					18.3	18.7
Environmental remediation liabilities recorded | $					$ 5.4	$ 5.7
Collective Action [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed	1	2
Class Action [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed			2	4
Enforcement Action [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed				1
Lawsuits consolidated to one action [Member] | Class Action [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed			2	2
Pending decision regarding whether lawsuit will move forward in state or federal court [Member] | Class Action [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed				1

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator
Net loss	$ (640,161)	$ (62,229)	$ (765,216)	$ (126,324)
Denominator
Basic and diluted	157,605	153,550	156,266	153,327
Basic and diluted (per share)	$ (4.06)	$ (0.41)	$ (4.90)	$ (0.82)

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Option
Antidilutive Securiites Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1	1.3	1.3	1.4
Stock Appreciation Rights (SARs)
Antidilutive Securiites Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.3	0.3	0.3	0.3

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended				3 Months Ended		9 Months Ended
	Feb. 28, 2015	Jan. 31, 2015	May. 31, 2014	May. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized					$ 0.8	$ 0.1	$ 6.9	$ 7.1
Income tax benefit recognized related to share-based awards					0.2	$ 0.1	2.4	$ 2.3
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense expected to be recognized					$ 8.3		$ 8.3
Compensation expense expected to be recognized, weighted average remaining vesting period							1 year 3 months 18 days
Phantom Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (shares)					0		0
Performance Based Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance units issued	400,000	2,100,000
Award requisite service period							3 years
Fair value of outstanding performance units issued					$ 0.8		$ 0.8
Compensation expense expected to be recognized					$ 0.6		$ 0.6
Compensation expense expected to be recognized, weighted average remaining vesting period							2 years 2 months 12 days
Outside directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized			$ 1.6	$ 1.6
Shares of common stock issued			598,860

SHARE-BASED COMPENSATION - Numb

SHARE-BASED COMPENSATION - Number of Performance Units Earned Based on Relative Placement of Total Stockholder Return for Period Within Peer Group (Details)	9 Months Ended
	Sep. 30, 2015
First
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	200.00%
Second
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	180.00%
Third
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	160.00%
Fourth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	140.00%
Fifth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	120.00%
Sixth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	100.00%
Seventh
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%
Eighth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%
Ninth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%
Tenth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%
Eleventh
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%
Twelfth
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Units Earned as a Percentage of Target	0.00%

TRANSACTIONS WITH RELATED PAR59

TRANSACTIONS WITH RELATED PARTIES - Additional Information (Details) - Outside directors - Anadarko - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Transactions with related party, revenue	$ 2.3	$ 8.1	$ 10.1	$ 26.2
Transactions with related party, receivables	$ 0.9		$ 0.9		$ 2.9

ESTIMATED FAIR VALUE OF FINAN60

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 01, 2015	Dec. 31, 2014
Financial liabilities:
Credit Facility revolving loans, carrying value	$ 0		$ 70,000
Credit Facility revolving loans, fair value	0		70,000
6.75% Senior Notes due 2021
Financial liabilities:
Senior notes, carrying value	675,000		675,000
Senior notes, fair value	236,250		413,438
Argentina Operations Sale
Financial assets:
Notes receivable, carrying value	0		8,300
Notes receivable, fair value	0		8,300
Term Loan Facilities due 2020 [Member]
Financial liabilities:
Senior notes, fair value	314,212		0
Term Loan Facility due 2020	$ 314,212	$ 315,000	$ 0

ESTIMATED FAIR VALUE OF FINAN61

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Write-off of notes receivable	$ 3,755	$ 3,950	$ 0	$ 7,705	$ 0
6.75% Senior Notes due 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt stated percentage	6.75%			6.75%
Senior notes, carrying value	$ 675,000			$ 675,000		$ 675,000
Senior notes, fair value	$ 236,250			$ 236,250		$ 413,438
Percentage of Senior Notes fair value over carrying value	35.00%			35.00%

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Sep. 30, 2015ft	Sep. 30, 2015ft
Segment Reporting Information [Line Items]
Number Of Rigs Relocated		1
Description of rigs used			Our rigs encompass various sizes and capabilities, allowing us to service all types of wells with depths up to 20,000 feet.
Maximum depth of wells that can be serviced (in feet)		20,000	20,000
Scenario, Forecast [Member]
Segment Reporting Information [Line Items]
Number Of Rigs Relocated	13

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2015		Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014		Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues from external customers		$ 176,857		$ 365,798	$ 642,152		$ 1,072,534
Intersegment revenues		0		0	0		0
Depreciation and amortization		45,270		50,924	138,377		154,203
Impairment expense		649,944		60,792	692,996		89,479
Other operating expenses		219,819		337,336	701,544		969,268
Operating loss		(738,176)		(83,254)	(890,765)		(140,416)
Interest expense, net of amounts capitalized		21,704		13,417	52,104		40,397
Loss before income taxes		(765,795)		(97,019)	(952,968)		(178,359)
Long-lived assets	[1]	1,053,361		1,924,281	1,053,361		1,924,281
Assets		1,494,024		2,406,646	1,494,024		2,406,646		$ 2,322,763
Capital expenditures		6,232		38,691	38,907		108,120
U.S. Rig Services
Segment Reporting Information [Line Items]
Revenues from external customers		85,200		178,219	299,275		512,950
Intersegment revenues		84		278	543		568
Depreciation and amortization		14,876		15,375	44,561		44,166
Impairment expense		297,719		0	297,719		0
Other operating expenses		77,939		134,707	258,461		393,344
Operating loss		(305,334)		28,137	(301,466)		75,440
Interest expense, net of amounts capitalized		0		0	0		0
Loss before income taxes		(305,373)		28,214	(301,408)		76,458
Long-lived assets	[1]	495,278		782,392	495,278		782,392
Assets		1,333,275		1,593,832	1,333,275		1,593,832
Capital expenditures		779		22,884	13,641		66,780
Fluid Management Services
Segment Reporting Information [Line Items]
Revenues from external customers		35,519		63,818	125,452		187,493
Intersegment revenues		417		368	1,146		512
Depreciation and amortization		6,618		8,101	20,865		24,534
Impairment expense		24,479		0	24,479		0
Other operating expenses		32,758		55,859	107,027		159,796
Operating loss		(28,336)		(142)	(26,919)		3,163
Interest expense, net of amounts capitalized		0		0	0		0
Loss before income taxes		(28,321)		(104)	(26,838)		3,594
Long-lived assets	[1]	152,610		201,985	152,610		201,985
Assets		279,377		288,597	279,377		288,597
Capital expenditures		2,200		583	6,000		2,341
Coiled Tubing Services
Segment Reporting Information [Line Items]
Revenues from external customers		20,820		42,309	73,446		129,912
Intersegment revenues		2		0	2		0
Depreciation and amortization		5,671		5,850	17,279		17,655
Impairment expense		105,995		0	127,695		0
Other operating expenses		25,726		36,443	72,949		106,685
Operating loss		(116,572)		16	(144,477)		5,572
Interest expense, net of amounts capitalized		0		0	0		(1)
Loss before income taxes		(116,570)		240	(144,464)		6,083
Long-lived assets	[1]	60,871		217,122	60,871		217,122
Assets		143,892		254,701	143,892		254,701
Capital expenditures		434		3,071	4,555		6,568
Fishing and Rental Services
Segment Reporting Information [Line Items]
Revenues from external customers		27,629		55,502	98,461		158,052
Intersegment revenues		1,552		(1,045)	4,801		(1,045)
Depreciation and amortization		8,561		11,031	26,507		35,646
Impairment expense		180,974		60,792	180,974		60,792
Other operating expenses		24,172		39,094	83,688		113,396
Operating loss		(186,078)		(55,415)	(192,708)		(51,782)
Interest expense, net of amounts capitalized		0		0	0		0
Loss before income taxes		(185,784)		(55,397)	(192,584)		(51,468)
Long-lived assets	[1]	141,349		347,144	141,349		347,144
Assets		474,416		657,890	474,416		657,890
Capital expenditures		2,586		9,618	8,205		20,773
International
Segment Reporting Information [Line Items]
Revenues from external customers		7,689		25,950	45,518		84,127
Intersegment revenues		763		2,343	2,928		7,111
Depreciation and amortization		6,236		7,689	19,572		23,388
Impairment expense		40,777		0	62,129		28,687
Other operating expenses		32,844		27,517	74,467		88,645
Operating loss		(72,168)		(9,256)	(110,650)		(56,593)
Interest expense, net of amounts capitalized		16		1	16		29
Loss before income taxes		(74,408)		(10,274)	(113,958)		(57,511)
Long-lived assets	[1]	150,897		260,706	150,897		260,706
Assets		250,438		415,678	250,438		415,678
Capital expenditures		4		831	2,879		4,501
Functional Support
Segment Reporting Information [Line Items]
Revenues from external customers	[2]	0		0	0		0
Intersegment revenues	[2]	542		361	1,626		1,446
Depreciation and amortization	[2]	3,308		2,878	9,593		8,814
Impairment expense		0	[2]	0	0	[2]	0
Other operating expenses	[2]	26,380		43,716	104,952		107,402
Operating loss		(29,688)	[2]	(46,594)	(114,545)	[2]	(116,216)	[2]
Interest expense, net of amounts capitalized	[2]	21,688		13,416	52,088		40,369
Loss before income taxes	[2]	(55,339)		(59,698)	(173,716)		(155,515)
Long-lived assets	[1],[2]	198,340		274,946	198,340		274,946
Assets	[2]	(579,969)		(430,217)	(579,969)		(430,217)
Capital expenditures	[2]	229		1,704	3,627		7,157
Reconciling Eliminations
Segment Reporting Information [Line Items]
Revenues from external customers		0		0	0		0
Intersegment revenues		(3,360)		(2,305)	(11,046)		(8,592)
Depreciation and amortization		0		0	0		0
Impairment expense		0		0	0		0
Other operating expenses		0		0	0		0
Operating loss		0		0	0		0
Interest expense, net of amounts capitalized		0		0	0		0
Loss before income taxes		0		0	0		0
Long-lived assets	[1]	(145,984)		(160,014)	(145,984)		(160,014)
Assets		(407,405)		(373,835)	(407,405)		(373,835)
Capital expenditures		$ 0		$ 0	$ 0		$ 0
[1]	Long-lived assets include fixed assets, goodwill, intangibles and other non-current assets
[2]	Functional Support is geographically located in the United States.

CONDENSED CONSOLIDATING FINAN64

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Current assets	$ 440,663	$ 433,795
Property and equipment, net	1,005,826	1,235,258
Goodwill	0	582,739
Intercompany notes and accounts receivable and investment in subsidiaries	0	0
Other assets	47,535	70,971
TOTAL ASSETS	1,494,024	2,322,763	$ 2,406,646
LIABILITIES AND EQUITY
Current liabilities	138,306	241,858
Long-term debt	961,566	737,691
Intercompany notes and accounts payable	0	0
Deferred tax liabilities	40,044	228,394
Other Liabilities Noncurrent Other	61,427	56,757
Equity	292,681	1,058,063	$ 1,121,556	$ 1,251,093
TOTAL LIABILITIES AND EQUITY	1,494,024	2,322,763
Parent Company
ASSETS
Current assets	194,876	39,020
Property and equipment, net	0	0
Goodwill	0	0
Intercompany notes and accounts receivable and investment in subsidiaries	2,277,824	3,170,874
Other assets	0	0
TOTAL ASSETS	2,472,700	3,209,894
LIABILITIES AND EQUITY
Current liabilities	4,791	22,046
Long-term debt	961,566	737,691
Intercompany notes and accounts payable	1,162,648	1,162,648
Deferred tax liabilities	44,149	228,199
Other Liabilities Noncurrent Other	6,882	1,264
Equity	292,664	1,058,046
TOTAL LIABILITIES AND EQUITY	2,472,700	3,209,894
Guarantor Subsidiaries
ASSETS
Current assets	218,717	341,188
Property and equipment, net	979,808	1,128,776
Goodwill	0	578,358
Intercompany notes and accounts receivable and investment in subsidiaries	1,248,558	1,426,160
Other assets	41,831	56,664
TOTAL ASSETS	2,488,914	3,531,146
LIABILITIES AND EQUITY
Current liabilities	114,406	192,079
Long-term debt	0	0
Intercompany notes and accounts payable	2,724,959	2,696,051
Deferred tax liabilities	344	398
Other Liabilities Noncurrent Other	54,578	55,182
Equity	(405,373)	587,436
TOTAL LIABILITIES AND EQUITY	2,488,914	3,531,146
Non-Guarantor Subsidiaries
ASSETS
Current assets	27,070	53,587
Property and equipment, net	26,018	106,482
Goodwill	0	4,381
Intercompany notes and accounts receivable and investment in subsidiaries	59,222	42,352
Other assets	5,704	14,307
TOTAL ASSETS	118,014	221,109
LIABILITIES AND EQUITY
Current liabilities	19,109	27,733
Long-term debt	0	0
Intercompany notes and accounts payable	130,048	123,810
Deferred tax liabilities	(4,449)	(134)
Other Liabilities Noncurrent Other	(33)	311
Equity	(26,661)	69,389
TOTAL LIABILITIES AND EQUITY	118,014	221,109
Eliminations
ASSETS
Current assets	0	0
Property and equipment, net	0	0
Goodwill	0	0
Intercompany notes and accounts receivable and investment in subsidiaries	(3,585,604)	(4,639,386)
Other assets	0	0
TOTAL ASSETS	(3,585,604)	(4,639,386)
LIABILITIES AND EQUITY
Current liabilities	0	0
Long-term debt	0	0
Intercompany notes and accounts payable	(4,017,655)	(3,982,509)
Deferred tax liabilities	0	(69)
Other Liabilities Noncurrent Other	0	0
Equity	432,051	(656,808)
TOTAL LIABILITIES AND EQUITY	$ (3,585,604)	$ (4,639,386)

CONDENSED CONSOLIDATING FINAN65

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Condensed Consolidating Unaudited Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule of Condensed Consolidating Statement of Operations [Line Items]
REVENUES	$ 176,857	$ 365,798	$ 642,152	$ 1,072,534
Direct operating expense	174,505	272,112	537,876	793,297
Depreciation and amortization expense	45,270	50,924	138,377	154,203
General and administrative expense	45,314	65,224	163,668	175,971
Impairment expense	649,944	60,792	692,996	89,479
Operating loss	(738,176)	(83,254)	(890,765)	(140,416)
Interest expense, net of amounts capitalized	21,704	13,417	52,104	40,397
Other expense (income), net	5,915	348	10,099	(2,454)
Loss before income taxes	(765,795)	(97,019)	(952,968)	(178,359)
Income tax expense (benefit)	125,634	34,790	187,752	52,035
Net loss	640,161	62,229	765,216	126,324
Parent Company
Schedule of Condensed Consolidating Statement of Operations [Line Items]
REVENUES	0	0	0	0
Direct operating expense	0	0	0	0
Depreciation and amortization expense	0	0	0	0
General and administrative expense	200	231	607	709
Impairment expense	0	0	0	0
Operating loss	(200)	(231)	(607)	(709)
Interest expense, net of amounts capitalized	21,689	13,415	52,089	40,369
Other expense (income), net	(756)	(430)	(1,656)	(1,719)
Loss before income taxes	(21,133)	(13,216)	(51,040)	(39,359)
Income tax expense (benefit)	146,571	32,158	208,189	43,141
Net loss	(125,438)	(18,942)	(157,149)	(3,782)
Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
REVENUES	170,913	340,496	605,381	997,806
Direct operating expense	166,503	252,747	504,843	734,672
Depreciation and amortization expense	43,001	47,451	130,525	143,916
General and administrative expense	42,664	62,660	156,458	167,714
Impairment expense	610,384	60,792	632,084	60,792
Operating loss	(691,639)	(83,154)	(818,529)	(109,288)
Interest expense, net of amounts capitalized	0	0	0	(1)
Other expense (income), net	5,164	(18)	9,650	(1,314)
Loss before income taxes	(696,803)	(83,136)	(828,179)	(107,973)
Income tax expense (benefit)	(21,259)	2,301	(21,256)	8,144
Net loss	718,062	80,835	849,435	99,829
Non-Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
REVENUES	8,876	30,163	46,945	93,716
Direct operating expense	9,487	21,115	38,107	66,798
Depreciation and amortization expense	2,269	3,473	7,852	10,287
General and administrative expense	3,891	5,391	11,684	18,347
Impairment expense	39,560	0	60,912	28,687
Operating loss	(46,331)	184	(71,610)	(30,403)
Interest expense, net of amounts capitalized	15	2	15	29
Other expense (income), net	1,462	798	2,045	550
Loss before income taxes	(47,808)	(616)	(73,670)	(30,982)
Income tax expense (benefit)	322	331	819	750
Net loss	47,486	285	72,851	30,232
Eliminations
Schedule of Condensed Consolidating Statement of Operations [Line Items]
REVENUES	(2,932)	(4,861)	(10,174)	(18,988)
Direct operating expense	(1,485)	(1,750)	(5,074)	(8,173)
Depreciation and amortization expense	0	0	0	0
General and administrative expense	(1,441)	(3,058)	(5,081)	(10,799)
Impairment expense	0	0	0	0
Operating loss	(6)	(53)	(19)	(16)
Interest expense, net of amounts capitalized	0	0	0	0
Other expense (income), net	45	(2)	60	29
Loss before income taxes	(51)	(51)	(79)	(45)
Income tax expense (benefit)	0	0	0	0
Net loss	$ 51	$ 51	$ 79	$ 45

CONDENSED CONSOLIDATING FINAN66

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Condensed Consolidating Unaudited Statements Of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
Net cash provided by (used in) operating activities			$ (20,838)	$ 126,084
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	$ (6,232)	$ (38,691)	(38,907)	(108,120)
Intercompany notes and accounts			0	0
Other investing activities, net			12,095	16,278
Net cash used in investing activities			(26,812)	(91,842)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt			(788)	(3,573)
Proceeds from borrowings on revolving credit facility			130,000	220,000
Repayments on revolving credit facility			(200,000)	(225,000)
Payment of deferred financing costs			(11,072)	0
Repurchases of common stock			(313)	(2,239)
Intercompany notes and accounts			0	0
Other financing activities, net			(3,301)	(1,240)
Net cash provided by (used in) financing activities			220,076	(12,052)
Proceeds from long-term debt			305,550	0
Effect of changes in exchange rates on cash			(613)	6,896
Net increase in cash and cash equivalents			171,813	29,086
Cash and cash equivalents, beginning of period			27,304	28,306
Cash and cash equivalents, end of period	199,117	57,392	199,117	57,392
Parent Company
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
Net cash provided by (used in) operating activities			0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			0	0
Intercompany notes and accounts			0	$ 0
Other investing activities, net			0
Net cash used in investing activities			0	$ 0
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt			(788)	(3,573)
Proceeds from borrowings on revolving credit facility			130,000	220,000
Repayments on revolving credit facility			(200,000)	(225,000)
Payment of deferred financing costs			(11,072)
Repurchases of common stock			(313)	(2,239)
Intercompany notes and accounts			(57,401)	33,381
Other financing activities, net			(3,301)	(1,240)
Net cash provided by (used in) financing activities			162,675	21,329
Proceeds from long-term debt			305,550
Effect of changes in exchange rates on cash			0	0
Net increase in cash and cash equivalents			162,675	21,329
Cash and cash equivalents, beginning of period			19,949	23,115
Cash and cash equivalents, end of period	182,624	44,444	182,624	44,444
Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
Net cash provided by (used in) operating activities			(25,358)	122,697
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			(37,667)	(104,336)
Intercompany notes and accounts			57,401	(33,381)
Other investing activities, net			12,095	16,278
Net cash used in investing activities			31,829	(121,439)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt			0	0
Proceeds from borrowings on revolving credit facility			0	0
Repayments on revolving credit facility			0	0
Payment of deferred financing costs			0
Repurchases of common stock			0	0
Intercompany notes and accounts			0	0
Other financing activities, net			0	0
Net cash provided by (used in) financing activities			0	0
Proceeds from long-term debt			0
Effect of changes in exchange rates on cash			0	0
Net increase in cash and cash equivalents			6,471	1,258
Cash and cash equivalents, beginning of period			450	788
Cash and cash equivalents, end of period	6,921	2,046	6,921	2,046
Non-Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
Net cash provided by (used in) operating activities			4,520	3,387
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			(1,240)	(3,784)
Intercompany notes and accounts			0	0
Other investing activities, net			0	0
Net cash used in investing activities			(1,240)	(3,784)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt			0	0
Proceeds from borrowings on revolving credit facility			0	0
Repayments on revolving credit facility			0	0
Payment of deferred financing costs			0
Repurchases of common stock			0	0
Intercompany notes and accounts			0	0
Other financing activities, net			0	0
Net cash provided by (used in) financing activities			0	0
Proceeds from long-term debt			0
Effect of changes in exchange rates on cash			(613)	6,896
Net increase in cash and cash equivalents			2,667	6,499
Cash and cash equivalents, beginning of period			6,905	4,403
Cash and cash equivalents, end of period	9,572	10,902	9,572	10,902
Eliminations
Schedule of Condensed Consolidating Statement of Cash Flows [Line Items]
Net cash provided by (used in) operating activities			0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			0	0
Intercompany notes and accounts			(57,401)	33,381
Other investing activities, net			0	0
Net cash used in investing activities			(57,401)	33,381
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt			0	0
Proceeds from borrowings on revolving credit facility			0	0
Repayments on revolving credit facility			0	0
Payment of deferred financing costs			0
Repurchases of common stock			0	0
Intercompany notes and accounts			57,401	(33,381)
Other financing activities, net			0	0
Net cash provided by (used in) financing activities			57,401	(33,381)
Proceeds from long-term debt			0
Effect of changes in exchange rates on cash			0	0
Net increase in cash and cash equivalents			0	0
Cash and cash equivalents, beginning of period			0	0
Cash and cash equivalents, end of period	$ 0	$ 0	$ 0	$ 0