Superior Energy Services 10-Q 5 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 01, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Superior Energy Services Inc	'
Entity Central Index Key	'0000886835	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	154,681,616
Entity Well-known Seasoned Issuer	'Yes	'
Trading Symbol	'spn	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$201,653	$196,047
Accounts receivable, net of allowance for doubtful accounts of $17,392 and $17,484 at June 30, 2012 and December 31, 2011, respectively	925,901	937,195
Deferred Tax Assets, Net, Current	11,717	8,785
Income tax receivable	'	5,532
Prepaid expenses	76,571	70,421
Inventory and other current assets	178,470	258,449
Assets Held-for-sale, at Carrying Value	325,153	'
Total current assets	1,719,465	1,476,429
Property, plant and equipment, net of accumulated depreciation and depletion of $984,221 and $970,137 at June 30, 2012 and December 31, 2011, respectively	2,754,244	3,002,194
Goodwill	2,459,137	2,458,109
Notes receivable	25,155	23,708
Intangible and other long-term assets, net of accumulated amortization of $26,174 and $20,123 at June 30, 2012 and December 31, 2011, respectively	428,183	450,867
Total assets	7,386,184	7,411,307
Current liabilities:	'	'
Accounts payable	175,294	216,029
Accrued expenses	321,440	376,049
Income taxes payable	22,711	'
Current portion of decommissioning liabilities	'	27,322
Current maturities of long-term debt	20,000	20,000
Total current liabilities	628,562	639,400
Liabilities of Assets Held-for-sale	89,117	'
Deferred income taxes	719,287	736,080
Decommissioning liabilities	85,620	56,197
Long-term debt, net	1,636,229	1,646,535
Other long-term liabilities	167,009	201,651
Stockholders' equity:	'	'
Preferred stock of $0.01 par value. Authorized, 5,000,000 shares; none issued	'	'
Common stock of $0.001 par value. Authorized - 250,000,000, Issued - 156,920,904, Outstanding - 157,516,128 at June 30, 2012 Authorized - 125,000,000, Issued and Outstanding, 82,425,443 at December 31, 2011	156	159
Additional paid in capital	2,785,700	2,873,579
Accumulated other comprehensive loss, net	-10,628	-17,500
Retained earnings	1,374,249	1,275,206
Total stockholders' equity	4,149,477	4,131,444
Total liabilities and stockholders' equity	$7,386,184	$7,411,307

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets [Abstract]	'	'
Allowance for doubtful accounts	$26,707	$31,030
Accumulated depreciation and depletion on Property, plant and equipment	2,039,017	1,827,011
Accumulated amortization of Intangible and other long-term assets	$101,841	$84,567
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	155,939,641	158,976,784
Common stock, shares outstanding	156,002,160	159,158,022

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statements of Operations [Abstract]	'	'	'	'
Service Revenues	$1,107,552	$1,091,129	$2,168,970	$2,178,001
Sales Revenue, Services, Net	836,666	854,606	1,639,005	1,703,851
Rental Revenues	270,886	236,523	529,965	474,150
Costs and expenses:	'	'	'	'
Cost of services (exclusive of items shown separately below)	650,293	646,704	1,301,898	1,298,298
Cost of Services	552,411	560,565	1,106,173	1,124,632
Cost of rentals	97,882	86,139	195,725	173,666
Depreciation, depletion, amortization and accretion	160,965	149,440	323,283	294,404
General and administrative expenses	146,853	147,552	302,772	293,448
Income from operations	149,441	147,433	241,017	291,851
Other income (expense):	'	'	'	'
Interest expense, net	-24,560	-27,785	-48,441	-56,046
Gains (Losses) on Extinguishment of Debt	'	-884	'	-884
Other Nonoperating Income (Expense)	606	-2,837	571	1,738
Income from continuing operations before income taxes	125,487	115,927	193,147	236,659
Income taxes	46,430	41,848	71,464	81,962
Net income (loss) from continuing operations	79,057	74,079	121,683	154,697
Income (loss) from discontinued operations, net of tax	-3,895	-5,520	-9,849	-22,411
Net income	$75,162	$68,559	$111,834	$132,286
Earnings per share information:	'	'	'	'
Continuing operations	$0.51	$0.46	$0.77	$0.97
Discontinued operations	($0.03)	($0.03)	($0.06)	($0.14)
Basic earnings per share	$0.48	$0.43	$0.71	$0.83
Continuing operations	$0.50	$0.46	$0.76	$0.96
Discontinued operations	($0.03)	($0.03)	($0.06)	($0.14)
Diluted earnings per share	$0.47	$0.43	$0.70	$0.82
Common Stock, Dividends, Per Share, Cash Paid	$0.08	'	$0.16	'
Weighted average common shares used in computing earnings per share:	'	'	'	'
Basic	156,399	159,337	157,302	159,142
Incremental common shares from stock based compensation	2,702	1,593	2,692	1,626
Diluted	159,101	160,930	159,994	160,768

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$75,162	$68,559	$111,834	$132,286
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	'	-467	'	-1,455
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	1,089	'	1,153	'
Change in cumulative translation adjustment	4,392	-1,783	5,719	-13,145
Comprehensive income	$80,643	$66,309	$118,706	$117,686

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$111,834	$132,286
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation, depletion, amortization and accretion	324,671	304,621
Loss on early extinguishment of debt	'	884
Deferred income taxes	-10,769	26,188
Stock based and performance share unit compensation expense	22,118	17,417
Amortization of debt acquisition costs and note discount	4,113	4,691
Other reconciling items, net	-20,047	-3,424
Changes in operating assets and liabilities, net of acquisitions and dispositions:	'	'
Accounts receivable	-30,287	-3,865
Inventory and other current assets	17,041	-27,291
Accounts payable	6,367	-2,807
Accrued expenses	-7,570	-15,013
Income taxes	28,014	-117,514
Other, net	-5,740	29,178
Net Cash Provided by (Used in) Operating Activities, Total	439,745	345,351
Cash flows from investing activities:	'	'
Payments for capital expenditures	-315,233	-334,708
Proceeds from Sale of Available-for-sale Securities, Equity	10,622	'
Acquisitions of businesses, net of cash acquired	-2,079	-23,797
Other	11,944	2,130
Net Cash Provided by (Used in) Investing Activities, Total	-294,746	-333,725
Proceeds from Insurance Settlement, Investing Activities	'	22,650
Cash flows from financing activities:	'	'
Principal payments of long-term debt	-10,000	-160,000
Payments of Ordinary Dividends, Common Stock	25,216	'
Proceeds from exercise of stock options	10,328	5,546
Payments for purchase and retirement of Common Stock	-116,539	'
Other	739	-2,365
Net Cash Provided by (Used in) Financing Activities, Total	-140,688	-31,819
Repayments of Long-term Lines of Credit	-7,562	-301,554
Proceeds from Long-term Lines of Credit	7,562	426,554
Effect of exchange rate changes on cash	1,295	-5,607
Net increase in cash and cash equivalents	5,606	-25,800
Cash and cash equivalents at beginning of period	196,047	91,199
Cash and cash equivalents at end of period	$201,653	$65,399

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	(1)Basis of Presentation
	Certain information and footnote disclosures normally in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission; however, management believes the disclosures that are made are adequate to make the information presented not misleading.  These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Superior Energy Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2013, and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein.
	The financial information of Superior Energy Services, Inc. and subsidiaries (the Company) for the three and six months ended June 30, 2014 and 2013 has not been audited.  However, in the opinion of management, all adjustments necessary to present fairly the results of operations for the periods presented have been included therein.  The results of operations for the first six months of the year are not necessarily indicative of the results of operations that might be expected for the entire year.  Certain previously reported amounts have been reclassified to conform to the 2014 presentation.
	Due to the nature of the Company’s business, the Company is involved, from time to time, in routine litigation or subject to disputes or claims regarding its business activities. Legal costs related to these matters are expensed as incurred.  In management’s opinion, none of the pending litigation, disputes or claims is expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.
	The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure.  Based on the evaluation, the Company determined that there were no material subsequent events for recognition or disclosure other than those disclosed herein.

Dispositions

Dispositions	6 Months Ended
	Jun. 30, 2014
Dispositions [Abstract]	'
Dispositions	'
	(2)Discontinued Operations
	During the first quarter of 2014, the Company conducted a strategic review and analysis of its subsea construction business.  As of June 30, 2014, the Company was committed to sell its subsea construction business, which is expected to be completed within a year.
	During the first quarter of 2014, the Company also made a decision to discontinue its conventional decommissioning business.  As of June 30, 2014, the Company was committed to sell the assets and exit that business.  The disposition of the assets is expected to be completed within a year.
	The subsea construction and conventional decommissioning businesses were included in the Technical Solutions segment, formerly referred to as the Subsea and Technical Solutions segment.  As of June 30, 2014, the assets and liabilities of these businesses were classified as held for sale.  For the three and six months ended June 30, 2014 and 2013, the results of operations of these businesses were reported as discontinued operations in the consolidated statements of operations.
	The following summarizes certain financial information of the businesses reported as discontinued operations (in thousands):
		Three Months Ended June 30,
		2014		2013
	Revenues	$	38,524	$	68,584
	Loss from discontinued operations, net of  tax benefit of $3,311 and		-3,895		-5,520
	$1,584, respectively
		Six Months Ended June 30,
		2014		2013
	Revenues	$	77,526	$	117,190
	Loss from discontinued operations, net of  tax benefit of $6,068 and		-9,849		-22,411
	$4,271, respectively
	The following summarizes the assets and liabilities related to the discontinued operations (in thousands):
		30-Jun-14		31-Dec-13
	Accounts receivable, net	$	42,237	$	26,858
	Prepaid expenses		7,857		8,164
	Inventory and other current assets		54,488		63,618
	Current assets	$	104,582	$	98,640
	Property, plant and equipment, net		216,152		217,089
	Intangible and other long-term assets, net		4,419		4,854
	Long-term assets	$	220,571	$	221,943
	Accounts payable	$	26,630	$	13,449
	Accrued expenses		43,308		52,133
	Current liabilities	$	69,938	$	65,582
	Other long-term liabilities	$	19,179	$	21,801
	Assets and liabilities held for sale include a capital lease for a dynamically positioned subsea vessel.  The amount of the asset and liability under this capital lease is recorded at the present value of the lease payments.  The vessel’s gross asset value under the capital lease was approximately $37.6 million at inception and accumulated depreciation through June 30, 2014 and December 31, 2013 was approximately $17.4 million and $16.4 million, respectively.  As of June 30, 2014,  $19.2 million of other long-term liabilities and $4.4 million of accounts payable related to this capital lease were included in the liabilities held for sale.  As of December 31, 2013,  $21.4 million was included in other long-term liabilities and $4.2 million was included in accounts payable related to this capital lease.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2014
Acquisitions [Abstract]	'
Acquisitions	'
	(3)Acquisitions
	In March 2013, the Company acquired 100% of the equity interest in a company that provides cementing services to oil and gas companies in Colombia.  The Company paid approximately $20.4 million at closing and repaid $3.0 million of the acquired company’s debt.  During the six months ended June 30, 2014, the Company paid $2.1 million as a result of a post-closing process to reconcile the net working capital of the acquired company and settlement of certain liabilities.  The Company will pay up to an additional $1.7 million during the first half of 2015, subject to the settlement of certain liabilities.  Goodwill of approximately $15.1 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill related to this acquisition will be deductible for tax purposes. All of the goodwill was assigned to the Production Services segment.

Accelerated_Share_Repurchases

Accelerated Share Repurchases	6 Months Ended
	Jun. 30, 2014
Accelerated Share Repurchase Program [Abstract]	'
Accelerated Share Repurchases Program [Text Block]	'
	(4)Accelerated Share Repurchase Program
	In March 2014, the Company entered into an accelerated share repurchase program with a third-party financial institution to purchase $75.0 million of the Company’s outstanding common stock.  The Company paid $75.0 million and received and retired an initial delivery of 1,899,055 shares that represented approximately 75% of the total number of shares repurchased under the agreement.  The value of the initial shares received on the date of purchase was $56.3 million, reflecting a $29.62 price per share.  The Company recorded the remaining $18.7 million as a forward contract indexed to its own common stock in additional paid-in capital.    In April 2014, the accelerated share repurchase program was completed and the Company received and retired 633,485 additional shares.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings per Share	'
	(5)Earnings per Share
	Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period.  The weighted average number of common shares outstanding excludes the shares of non-vested restricted stock that were assumed by the Company as a result of the acquisition of Complete Production Services, Inc. (Complete).  Diluted earnings per share is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that could have been outstanding assuming the exercise of stock options, conversion of restricted stock units and the vesting of outstanding restricted stock issued in the acquisition of Complete.
	Stock options for approximately 550,000 and 1,230,000 shares of the Company’s common stock for the three months ended June 30, 2014 and 2013, respectively, and approximately 1,220,000 and 1,200,000 shares of the Company’s common stock for the six months ended June 30, 2014 and 2013, respectively, were excluded in the computation of diluted earnings per share for these periods as the effect would have been anti-dilutive.

Stock_Based_Compensation_and_R

Stock Based Compensation and Retirement Plans	6 Months Ended
	Jun. 30, 2014
Stock Based Compensation and Retirement Plans [Abstract]	'
Stock Based Compensation and Retirement Plans	'
	(6)Stock-Based Compensation Plans
	The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers, directors, consultants and advisors (Eligible Participants).  Under the stock incentive plans, the Company may grant incentive stock options, non-qualified stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants.  The Company’s total compensation expense related to these plans was approximately $22.6 million and $18.0 million for the six months ended June 30, 2014 and 2013, respectively, which is reflected in general and administrative expenses.

Inventory_and_Other_Current_As

Inventory and Other Current Assets	6 Months Ended
	Jun. 30, 2014
Inventory and Other Current Assets [Abstract]	'
Inventory and Other Current Assets	'
	(7)Inventory and Other Current Assets
	Inventory and other current assets includes approximately $160.2 million and $162.9 million of inventory as of June 30, 2014 and December 31, 2013, respectively.  Inventories are stated at the lower of cost or market.  Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process.  Supplies and consumables consist principally of products used in our services provided to customers. The components of the inventory balances are as follows (in thousands):
		30-Jun-14		31-Dec-13
	Finished goods	$	63,008	$	65,621
	Raw materials		33,434		20,764
	Work-in-process		14,594		20,064
	Supplies and consumables		49,168		56,470
	Total	$	160,204	$	162,919
	As of December 31, 2013, inventory and other current assets also included approximately $8.8 million of available-for-sale securities recorded at fair value. These available-for-sale securities constituted approximately 1.4 million shares of SandRidge Energy, Inc. (SandRidge) common stock held by the Company as of December 31, 2013.  During the second quarter of 2014, the Company sold all shares of SandRidge common stock for approximately $10.6 million. In connection with the sale, the Company reversed approximately $1.2 million of previously recorded unrealized losses, of which approximately $1.8 million was reclassified out of accumulated other comprehensive loss, net of tax benefit of approximately $0.6 million. During the six months ended June 30, 2013, the Company recorded an unrealized loss related to the fair value of these securities of approximately $2.3 million, of which approximately $1.4 million was reported within accumulated other comprehensive loss, net of tax expense of approximately $0.9 million.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt [Abstract]	'
Debt	'
	(8)Debt
	Credit Facility
	The Company has a $1.0 billion bank credit facility, comprised of a $600 million revolving credit facility and a $400 million term loan.  The principal balance of the term loan is payable in installments of $5.0 million on the last day of each fiscal quarter, which began on June 30, 2012.  As of June 30, 2014, the Company had $355 million outstanding under the term loan and had no amounts outstanding under the revolving portion of its credit facility.  The Company also had approximately $48.8 million of letters of credit outstanding that reduce the Company’s borrowing availability under the revolving portion of the credit facility.
	All amounts outstanding under the bank credit facility are due on February 7, 2017.  Amounts borrowed under the credit facility bear interest at LIBOR plus margins that depend on the Company’s leverage ratio.  Indebtedness under the credit facility is secured by substantially all of the Company’s assets, including the pledge of the stock of the Company’s principal domestic subsidiaries.
	Senior Unsecured Notes
	The Company has outstanding $500 million of 6 3/8% unsecured senior notes due 2019.  The indenture governing the 6 3/8% senior notes requires semi-annual interest payments on May 1st and November 1st of each year through the maturity date of May 1, 2019.
	The Company also has outstanding $800 million of 7 1/8% unsecured senior notes due 2021.  The indenture governing the 7 1/8% senior notes requires semi-annual interest payments on June 15th and December 15th of each year through the maturity date of December 15, 2021.

Decommissioning_Liabilities

Decommissioning Liabilities	6 Months Ended
	Jun. 30, 2014
Decommissioning Liabilities [Abstract]	'
Decommissioning Liabilities	'
	(9)Decommissioning Liabilities
	The Company records estimated future decommissioning liabilities in accordance with the authoritative guidance related to asset retirement obligations, which requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred, with a corresponding increase in the carrying amount of the related long-lived asset.  Subsequent to initial measurement, the decommissioning liability is required to be accreted each period to present value.
	The Company has decommissioning liabilities associated with its Bullwinkle platform and related assets that consist of costs related to the plugging of wells, the removal of the related facilities and equipment, and site restoration.  Whenever practical, the Company utilizes its own equipment and labor services to perform well abandonment and decommissioning work.  When the Company performs these services, all recorded intercompany revenues and related costs of services are eliminated in the condensed consolidated financial statements.  The recorded decommissioning liability associated with a specific property is fully extinguished when the property is abandoned.  The recorded liability is first reduced by all cash expenses incurred to abandon and decommission the property.  If the recorded liability exceeds (or is less than) the Company’s total costs, then the difference is reported as an increase or decrease in revenue during the period in which the work is performed.
	The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows needed to satisfy the liabilities have changed materially.  During the fourth quarter of 2013, as a result of an increase in third party drilling activity in the vicinity of the Bullwinkle platform, the Company believed new economic opportunities existed for additional production handling agreements with those third party production companies utilizing the Bullwinkle platform.  As a result, the Company revised its estimates relating to the timing of decommissioning work on its Bullwinkle assets, including a 10 year postponement of the platform decommissioning to an estimated date of 2038.  This change in estimate resulted in a reduction in the present value of decommissioning liabilities.  Further, as of December 31, 2013, the Company anticipated that it would be able to decommission several depleted wells that are part of the Bullwinkle assets based on the estimates received from engineers regarding platform availability during 2014.  As a result, as of December 31, 2013, the decommissioning liabilities associated with those wells were classified as current liabilities on the consolidated balance sheet.  Based on revised estimates received during the second quarter of 2014, the Company does not anticipate decommissioning any of the wells during the next twelve months.  As a result, all of the decommissioning liabilities were classified as long-term liabilities on the consolidated balance sheet as of June 30, 2014.
	The following table summarizes the activity for the Company’s decommissioning liabilities for the six months ended June 30, 2014 and 2013 (in thousands):
		Six Months Ended June 30,
		2014		2013
	Decommissioning liabilities, December 31, 2013 and 2012, respectively	$	83,519	$	93,053
	Liabilities acquired and incurred		797		360
	Liabilities settled		-		-87
	Accretion		2,344		2,994
	Revision in estimated liabilities		-1,040		-
	Total decommissioning liabilities, June 30, 2014 and 2013, respectively	$	85,620	$	96,320

Notes_Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2014
Notes Receivable [Abstract]	'
Notes Receivable	'
	(10) Notes Receivable
	Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company towards the abandonment of the acquired property.  Pursuant to an agreement with the seller, the Company will invoice the seller an agreed upon amount at the completion of certain decommissioning activities.  The gross amount of this obligation totaled $115.0 million and is recorded at present value using an effective interest rate of 6.58%.  The related discount is amortized to interest income based on the expected timing of completion of the decommissioning activities.  The Company recorded interest income related to notes receivable of $0.8 million and $1.5 million for the six months ended June 30, 2014 and 2013, respectively.

Segment_Information

Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
	(11) Segment Information
	Business Segments
	The Drilling Products and Services segment rents and sells bottom hole assemblies, premium drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities.  It also provides on-site accommodations and bolting and machining services.  The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services.  The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. It also provides specialized pressure control tools used to manage and control pressure throughout the life of a well.    The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well control services, well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of oil and gas.
	For the three and six months ended June 30, 2014 and 2013, operating results for the Company’s subsea construction and conventional decommissioning businesses are reported in discontinued operations (see note 2).  Previously those operating results were reported within the Technical Solutions segment, which was then named the Subsea and Technical Solutions segment.
	The Company evaluates the performance of its reportable segments based on income or loss from operations.  The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation expense and allocated general and administrative expenses.  General and administrative expenses are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, on other methods which the Company believes to be a reasonable reflection of the utilization of services provided.  The Company believes this segment measure is useful in evaluating the performance of its reportable segments because it highlights operating trends and aids analytical comparisons.
	Summarized financial information for the Company’s segments for the three and six months ended June 30, 2014 and 2013 is shown in the following tables (in thousands):
	Three Months Ended June 30, 2014
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	225,982	$	398,048	$	343,876	$	139,646	$	-	$	1,107,552
	Cost of services and rentals
	(exclusive of items shown separately below)		72,737		274,907		231,119		71,530		-		650,293
	Depreciation, depletion, amortization		47,344		55,382		40,180		18,059		-		160,965
	and accretion
	General and administrative expenses		38,953		36,011		45,243		26,646		-		146,853
	Income from operations		66,948		31,748		27,334		23,411		-		149,441
	Interest expense, net		-		-		-		398		-24,958		-24,560
	Other income		-		-		-		-		606		606
	Income (loss) from continuing operations	$	66,948	$	31,748	$	27,334	$	23,809	$	-24,352	$	125,487
	before income taxes
	Three Months Ended June 30, 2013
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	205,422	$	398,216	$	369,066	$	118,425	$	-	$	1,091,129
	Cost of services and rentals
	(exclusive of items shown separately below)		66,984		262,057		252,324		65,339		-		646,704
	Depreciation, depletion, amortization		42,033		51,623		45,931		9,853		-		149,440
	and accretion
	General and administrative expenses		36,342		38,383		47,843		24,984		-		147,552
	Income from operations		60,063		46,153		22,968		18,249		-		147,433
	Interest expense, net		-		-		-		732		-28,517		-27,785
	Other expense		-		-		-		-		-2,837		-2,837
	Loss on early extinguishment of debt		-		-		-		-		-884		-884
	Income (loss) from continuing operations	$	60,063	$	46,153	$	22,968	$	18,981	$	-32,238	$	115,927
	before income taxes
	Six Months Ended June 30, 2014
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	446,192	$	787,925	$	665,111	$	269,742	$	-	$	2,168,970
	Cost of services and rentals
	(exclusive of items shown separately below)		139,889		559,142		458,344		144,523		-		1,301,898
	Depreciation, depletion, amortization		92,361		115,986		81,988		32,948		-		323,283
	and accretion
	General and administrative expenses		80,113		74,979		92,431		55,249		-		302,772
	Income from operations		133,829		37,818		32,348		37,022		-		241,017
	Interest expense, net		-		-		-		763		-49,204		-48,441
	Other income		-		-		-		-		571		571
	Income (loss) from continuing operations	$	133,829	$	37,818	$	32,348	$	37,785	$	-48,633	$	193,147
	before income taxes
	Six Months Ended June 30, 2013
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	399,401	$	824,199	$	736,463	$	217,938	$	-	$	2,178,001
	Cost of services and rentals
	(exclusive of items shown separately below)		131,629		543,796		505,379		117,494		-		1,298,298
Depreciation, depletion, amortization		83,377		105,445		87,808		17,774		-		294,404
and accretion
General and administrative expenses		68,138		79,570		96,614		49,126		-		293,448
Income from operations		116,257		95,388		46,662		33,544		-		291,851
Interest expense, net		-		-		-		1,452		-57,498		-56,046
Other income		-		-		-		-		1,738		1,738
Loss on early extinguishment of debt		-		-		-		-		-884		-884
Income (loss) from continuing operations	$	116,257	$	95,388	$	46,662	$	34,996	$	-56,644	$	236,659
before income taxes
Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
30-Jun-14	$	1,245,695	$	2,929,051	$	2,114,805	$	1,096,633	$	-	$	7,386,184
31-Dec-13	$	1,245,501	$	2,973,916	$	2,176,785	$	1,015,105	$	-	$	7,411,307
As of June 30, 2014, the Technical Solutions segment included $325.2 million of identifiable assets of the subsea construction and conventional decommissioning businesses that were classified as assets held for sale on the consolidated balance sheet.
Geographic Segments
The Company attributes revenue to various countries based on the location of where services are performed or the destination of the drilling products or equipment sold or leased.  Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period.  As of June 30, 2014, the assets of the subsea construction and conventional decommissioning businesses were classified as assets held for sale on the consolidated balance sheet.  The Company’s revenue by geographic area for the three and six months ended June 30, 2014 and 2013 and long-lived assets by geographic area as of June 30, 2014 and December 31, 2013 are as follows (in thousands):
Revenues:
	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
United States	$	932,941	$	931,415	$	1,825,260	$	1,851,070
Other Countries		174,611		159,714		343,710		326,931
Total	$	1,107,552	$	1,091,129	$	2,168,970	$	2,178,001
Long-Lived Assets:
					30-Jun-14		31-Dec-13
United States					$	2,411,311	$	2,476,792
Other Countries						342,933		525,402
Total, net					$	2,754,244	$	3,002,194

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	(12)  Fair Value Measurements
	The Company follows the authoritative guidance for fair value measurements relating to financial and nonfinancial assets and liabilities, including presentation of required disclosures herein.  This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities.  Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.  The three levels are defined as follows:
	Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities.
	Level 2: Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical assets or liabilities in inactive markets; or model-derived valuations or other inputs that can be corroborated by observable market data.
	Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.
	The following tables provide a summary of the financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands):
				Fair Value Measurements at Reporting Date Using
		30-Jun-14		Level 1		Level 2		Level 3
	Intangible and other long-term assets, net
	Non-qualified deferred compensation assets	$	12,048	$	342	$	11,706		-
	Interest rate swaps	$	1,910		-	$	1,910		-
	Accounts payable
	Non-qualified deferred compensation liabilities	$	1,984		-	$	1,984		-
	Other long-term liabilities
	Non-qualified deferred compensation liabilities	$	14,730		-	$	14,730		-
		31-Dec-13		Level 1		Level 2		Level 3
	Inventory and other current assets
	Available-for-sale securities	$	8,817	$	8,817		-		-
	Intangible and other long-term assets, net
	Non-qualified deferred compensation assets	$	13,731	$	2,330	$	11,401		-
	Interest rate swap	$	337		-	$	337		-
	Accounts payable
	Non-qualified deferred compensation liabilities	$	1,944		-	$	1,944		-
	Other long-term liabilities
	Non-qualified deferred compensation liabilities	$	14,986		-	$	14,986		-
	As of December 31, 2013, available-for-sale securities was comprised of approximately 1.4 million shares of SandRidge common stock.  The securities were reported at fair value based on the closing price of the shares as reported on the New York Stock Exchange (see note 7).
	The Company’s non-qualified deferred compensation plans allow officers, certain highly compensated employees and non-employee directors to defer receipt of a portion of their compensation and contribute such amounts to one or more hypothetical investment funds.  The Company entered into separate trust agreements, subject to general creditors, to segregate assets of each plan and reports the accounts of the trusts in its condensed consolidated financial statements.  These investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent Levels 1 and 2, respectively, in the fair value hierarchy.
	The Company has three interest rate swap agreements related to its fixed rate debt maturing in 2021 for notional amounts of $100 million each, whereby the Company is entitled to receive semi-annual interest payments at a fixed rate of 7 1/8% per annum and is obligated to make semi-annual interest payments at floating rates, which are adjusted every 90 days, based on LIBOR plus a fixed margin. The swap agreements, scheduled to terminate on December 15, 2021, are designated as fair value hedges of a portion of the Company’s 7 1/8% senior notes, as the derivatives have been tested to be highly effective in offsetting changes in the fair value of the underlying note.  As these derivatives are classified as fair value hedges, the changes in the fair value of the derivatives are offset against the changes in the fair value of the underlying note in interest expense, net (see note 13).
	The fair value of the Company’s cash equivalents, accounts receivable and current maturities of long-term debt approximates their carrying amounts.  The fair value of the Company’s long-term debt was approximately $1,793.6 million and $1,789.0 million as of June 30, 2014 and December 31, 2013, respectively.  The fair value of these debt instruments is determined by reference to the market value of the instruments as quoted in over-the-counter markets, which are Level 1 inputs.

Derivative_Financial_Instrumen

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2014
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
	(13)  Derivative Financial Instruments
	From time to time, the Company may employ interest rate swaps in an attempt to achieve a more balanced debt portfolio between fixed and variable interest.  The Company does not use derivative financial instruments for trading or speculative purposes.
	The Company has three interest rate swaps for notional amounts of $100 million each related to its 7 1/8% senior notes maturing in December 2021.  These interest rate swaps are accounted for as fair value hedges since the swaps hedge against the change in fair value of fixed rate debt resulting from changes in interest rates.  The Company recorded a derivative asset relating to these swaps of $1.9 million and $0.3 million within intangible and other long term assets in the consolidated balance sheets as of June 30, 2014 and December 31, 2013, respectively.
	The changes in fair value of the interest rate swaps are included in the adjustments to reconcile net income to net cash provided by operating activities in the consolidated statement of cash flows. The effect and location of the derivative instruments in the condensed consolidated statement of operations, presented on a pre-tax basis, are as follows (in thousands):
			Three Months Ended June 30,
	Effect of derivative instrument	Location of (gain) loss	2014		2013
		recognized
	Interest rate swap	Interest expense, net	$	-4,550	$	6,587
	Hedged item - debt	Interest expense, net		3,613		-6,248
			$	-937	$	339
			Six Months Ended June 30,
			2014		2013
	Interest rate swap	Interest expense, net	$	-8,634	$	7,650
	Hedged item - debt	Interest expense, net		7,061		-7,439
			$	-1,573	$	211
	For the six months ended June 30, 2014 and 2013, approximately $1.6 million of interest income and $0.2 million of interest expense, respectively, was related to the ineffectiveness associated with these fair value hedges.  Hedge ineffectiveness represents the difference between the changes in fair value of the derivative instruments and the changes in fair value of the fixed rate debt attributable to changes in the benchmark interest rate.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	(14)  Income Taxes
	The Company follows authoritative guidance surrounding accounting for uncertainty in income taxes. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense.  The Company had approximately $29.9 million of unrecorded tax benefits as of June 30, 2014 and December 31, 2013, all of which would impact the Company’s effective tax rate if recognized.

Related_Party_Disclosures

Related Party Disclosures	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Disclosures	'
	(15)  Related Party Disclosures
	The Company purchases services, products and equipment, as well as leases certain facilities, from companies affiliated with an officer of one of its subsidiaries.  The Company believes the transactions reflected below with these related parties are on terms and conditions no less favorable to the Company than transactions with unaffiliated parties.  For the six months ended June 30, 2014 and 2013, these purchases totaled approximately $85.2 million and $84.4 million, respectively.  For the six months ended June 30, 2014, approximately $38.7 million was purchased from ORTEQ Energy Services, a heavy equipment construction company which also manufactures pressure pumping equipment, approximately $0.6 million was purchased from Ortowski Construction, primarily related to the manufacture of pressure pumping units, approximately $5.6 million was paid to Resource Transport, LLC, related to the transportation of sand used in pressure pumping activities, approximately $26.8 million was purchased from Texas Specialty Sands, LLC, primarily for the purchase of sand used for pressure pumping activities, approximately $12.2 million was purchased from ProFuel, LLC, primarily related to the purchase of diesel used to operate equipment and trucks and approximately $1.3 million was related to leasehold improvements and facilities leased from Timber Creek Real Estate Partners.  For the six months ended June 30, 2013, approximately $28.8 million was purchased from ORTEQ Energy Services, approximately $0.1 million was purchased from Ortowski Construction, approximately $7.1 million was paid to Resource Transport, LLC, approximately $36.8 million was purchased from Texas Specialty Sands, LLC, approximately $11.2 million was purchased from ProFuel, LLC and approximately $0.4 million was related to facilities leased from Timber Creek Real Estate Partners.
	As of June 30, 2014, the Company’s trade accounts payable includes amounts due to these companies totaling approximately $16.2 million, of which approximately $8.9 million was due ORTEQ Energy Services, approximately $0.3 million was due Resource Transport, LLC, approximately $6.7 million was due Texas Specialty Sands, LLC and approximately $0.3 million was due ProFuel, LLC.  As of December 31, 2013, the Company’s trade accounts payable includes amounts due to these companies totaling approximately $14.6 million, of which approximately $7.8 million was due ORTEQ Energy Services, approximately $0.9 million was due Resource Transport, LLC, approximately $2.0 million was due Texas Specialty Sands, LLC, approximately $2.6 million was due ProFuel, LLC and approximately $1.3 million was due Timber Creek Real Estate Partners.
	The Company’s President and Chief Executive Officer serves as an independent director of the board of Linn Energy, LLC (Linn), an independent oil and gas development company with focus areas in the Rockies, Mid-Continent, the Hugoton Basin, California, the Permian Basin, Michigan, Illinois and east Texas.  The Company recorded revenues from Linn and its subsidiaries of approximately $10.9 million and $12.4 million for the six months ended June 30, 2014 and 2013, respectively.  The Company had trade receivables from Linn and its subsidiaries of approximately $1.5 million and $2.9 million as of June 30, 2014 and December 31, 2013, respectively.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements, Policy [Policy Text Block]	'
	(16)  Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board issued ASU No. 2014-09, Revenue from Contracts with Customers, which will replace most existing revenue recognition guidance in GAAP.  The guidance in this update requires an entity to recognize the amount of revenue that it expects to be entitled for the transfer of promised goods or services to customers. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the accounting guidance on its ongoing financial reporting.
	In April 2014, the Financial Accounting Standards Board issued ASU No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment, which changes the definition of discontinued operations.  The guidance permits only those disposed components (or components held-for-sale) representing a strategic shift that have (or will have) a major effect on operations and financial results to be reported in discontinued operations.  The new standard is effective prospectively for disposals (or classifications as held-for-sale) that occur after December 31, 2014.  The Company elected not to early adopt the accounting guidance.

Dispositions_Tables

Dispositions (Tables)	6 Months Ended
	Jun. 30, 2014
Dispositions [Abstract]	'
Components of income (loss) from discontinued operations	'
		Three Months Ended June 30,
		2014		2013
	Revenues	$	38,524	$	68,584
	Loss from discontinued operations, net of  tax benefit of $3,311 and		-3,895		-5,520
	$1,584, respectively
		Six Months Ended June 30,
		2014		2013
	Revenues	$	77,526	$	117,190
	Loss from discontinued operations, net of  tax benefit of $6,068 and		-9,849		-22,411
	$4,271, respectively
Assets and liabilities of disposal groups	'
		30-Jun-14		31-Dec-13
	Accounts receivable, net	$	42,237	$	26,858
	Prepaid expenses		7,857		8,164
	Inventory and other current assets		54,488		63,618
	Current assets	$	104,582	$	98,640
	Property, plant and equipment, net		216,152		217,089
	Intangible and other long-term assets, net		4,419		4,854
	Long-term assets	$	220,571	$	221,943
	Accounts payable	$	26,630	$	13,449
	Accrued expenses		43,308		52,133
	Current liabilities	$	69,938	$	65,582
	Other long-term liabilities	$	19,179	$	21,801

Inventory_and_Other_Current_As1

Inventory and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		30-Jun-14		31-Dec-13
	Finished goods	$	63,008	$	65,621
	Raw materials		33,434		20,764
	Work-in-process		14,594		20,064
	Supplies and consumables		49,168		56,470
	Total	$	160,204	$	162,919

Decommissioning_Liabilities_Ta

Decommissioning Liabilities (Tables)	6 Months Ended
	Jun. 30, 2014
Decommissioning Liabilities [Abstract]	'
Summary the activity for company's decommissioning liabilities	'
		Six Months Ended June 30,
		2014		2013
	Decommissioning liabilities, December 31, 2013 and 2012, respectively	$	83,519	$	93,053
	Liabilities acquired and incurred		797		360
	Liabilities settled		-		-87
	Accretion		2,344		2,994
	Revision in estimated liabilities		-1,040		-
	Total decommissioning liabilities, June 30, 2014 and 2013, respectively	$	85,620	$	96,320

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Identifiable Assets	'
	Identifiable Assets
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	30-Jun-14	$	1,245,695	$	2,929,051	$	2,114,805	$	1,096,633	$	-	$	7,386,184
	31-Dec-13	$	1,245,501	$	2,973,916	$	2,176,785	$	1,015,105	$	-	$	7,411,307
Company's information by geographic area	'
	Revenues:
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
	United States	$	932,941	$	931,415	$	1,825,260	$	1,851,070
	Other Countries		174,611		159,714		343,710		326,931
	Total	$	1,107,552	$	1,091,129	$	2,168,970	$	2,178,001
	Long-Lived Assets:
						30-Jun-14		31-Dec-13
	United States					$	2,411,311	$	2,476,792
	Other Countries						342,933		525,402
	Total, net					$	2,754,244	$	3,002,194
Schedule Of Segment Reporting Information By Segment [Text Block]	'
	Three Months Ended June 30, 2014
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	225,982	$	398,048	$	343,876	$	139,646	$	-	$	1,107,552
	Cost of services and rentals
	(exclusive of items shown separately below)		72,737		274,907		231,119		71,530		-		650,293
	Depreciation, depletion, amortization		47,344		55,382		40,180		18,059		-		160,965
	and accretion
	General and administrative expenses		38,953		36,011		45,243		26,646		-		146,853
	Income from operations		66,948		31,748		27,334		23,411		-		149,441
	Interest expense, net		-		-		-		398		-24,958		-24,560
	Other income		-		-		-		-		606		606
	Income (loss) from continuing operations	$	66,948	$	31,748	$	27,334	$	23,809	$	-24,352	$	125,487
	before income taxes
	Three Months Ended June 30, 2013
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	205,422	$	398,216	$	369,066	$	118,425	$	-	$	1,091,129
	Cost of services and rentals
	(exclusive of items shown separately below)		66,984		262,057		252,324		65,339		-		646,704
	Depreciation, depletion, amortization		42,033		51,623		45,931		9,853		-		149,440
	and accretion
	General and administrative expenses		36,342		38,383		47,843		24,984		-		147,552
	Income from operations		60,063		46,153		22,968		18,249		-		147,433
	Interest expense, net		-		-		-		732		-28,517		-27,785
	Other expense		-		-		-		-		-2,837		-2,837
	Loss on early extinguishment of debt		-		-		-		-		-884		-884
	Income (loss) from continuing operations	$	60,063	$	46,153	$	22,968	$	18,981	$	-32,238	$	115,927
	before income taxes
	Six Months Ended June 30, 2014
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	446,192	$	787,925	$	665,111	$	269,742	$	-	$	2,168,970
	Cost of services and rentals
	(exclusive of items shown separately below)		139,889		559,142		458,344		144,523		-		1,301,898
	Depreciation, depletion, amortization		92,361		115,986		81,988		32,948		-		323,283
	and accretion
	General and administrative expenses		80,113		74,979		92,431		55,249		-		302,772
	Income from operations		133,829		37,818		32,348		37,022		-		241,017
	Interest expense, net		-		-		-		763		-49,204		-48,441
	Other income		-		-		-		-		571		571
	Income (loss) from continuing operations	$	133,829	$	37,818	$	32,348	$	37,785	$	-48,633	$	193,147
	before income taxes
	Six Months Ended June 30, 2013
				Onshore
		Drilling		Completion
		Products and		and Workover		Production		Technical				Consolidated
		Services		Services		Services		Solutions		Unallocated		Total
	Revenues	$	399,401	$	824,199	$	736,463	$	217,938	$	-	$	2,178,001
	Cost of services and rentals
	(exclusive of items shown separately below)		131,629		543,796		505,379		117,494		-		1,298,298
	Depreciation, depletion, amortization		83,377		105,445		87,808		17,774		-		294,404
	and accretion
	General and administrative expenses		68,138		79,570		96,614		49,126		-		293,448
	Income from operations		116,257		95,388		46,662		33,544		-		291,851
	Interest expense, net		-		-		-		1,452		-57,498		-56,046
	Other income		-		-		-		-		1,738		1,738
Loss on early extinguishment of debt		-		-		-		-		-884		-884
Income (loss) from continuing operations	$	116,257	$	95,388	$	46,662	$	34,996	$	-56,644	$	236,659
before income taxes

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Summary of financial assets and liabilities measured at fair value on recurring basis	'
				Fair Value Measurements at Reporting Date Using
		30-Jun-14		Level 1		Level 2		Level 3
	Intangible and other long-term assets, net
	Non-qualified deferred compensation assets	$	12,048	$	342	$	11,706		-
	Interest rate swaps	$	1,910		-	$	1,910		-
	Accounts payable
	Non-qualified deferred compensation liabilities	$	1,984		-	$	1,984		-
	Other long-term liabilities
	Non-qualified deferred compensation liabilities	$	14,730		-	$	14,730		-
		31-Dec-13		Level 1		Level 2		Level 3
	Inventory and other current assets
	Available-for-sale securities	$	8,817	$	8,817		-		-
	Intangible and other long-term assets, net
	Non-qualified deferred compensation assets	$	13,731	$	2,330	$	11,401		-
	Interest rate swap	$	337		-	$	337		-
	Accounts payable
	Non-qualified deferred compensation liabilities	$	1,944		-	$	1,944		-
	Other long-term liabilities
	Non-qualified deferred compensation liabilities	$	14,986		-	$	14,986		-

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Financial Instruments [Abstract]	'
Location and effect of the derivative instrument on the statements of operations	'
			Three Months Ended June 30,
	Effect of derivative instrument	Location of (gain) loss	2014		2013
		recognized
	Interest rate swap	Interest expense, net	$	-4,550	$	6,587
	Hedged item - debt	Interest expense, net		3,613		-6,248
			$	-937	$	339
			Six Months Ended June 30,
			2014		2013
	Interest rate swap	Interest expense, net	$	-8,634	$	7,650
	Hedged item - debt	Interest expense, net		7,061		-7,439
			$	-1,573	$	211

Dispositions_Narrative_Details

Dispositions (Narrative) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Vessel's gross asset value under the capital lease at inception	$37,600,000	'
Vessel's gross asset value under the capital lease at depreciation	17,400,000	16,400,000
Other long-term liabilities	'	21,400,000
Accounts Payable Related to Obligations Under Capital Lease	'	4,200,000
Segment, Discontinued Operations [Member]	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets of Disposal Group, Including Discontinued Operation, Noncurrent	220,571,000	221,943,000
Other long-term liabilities	19,200,000	'
Accounts Payable Related to Obligations Under Capital Lease	$4,400,000	'

Dispositions_Components_of_inc

Dispositions (Components of income (loss) from discontinued operations, net of tax) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Dispositions [Abstract]	'	'	'	'
Revenues	$38,524	$68,584	$77,526	$117,190
Income tax expense (benefit)	3,311	1,584	6,068	4,271
Income (loss) from discontinued operations, net of tax	-3,895	-5,520	-9,849	-22,411
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	($3,895)	($5,520)	($9,849)	($22,411)

Dispositions_Assets_and_liabil

Dispositions (Assets and liabilities of disposal groups) (Details) (Segment, Discontinued Operations [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Segment, Discontinued Operations [Member]	'	'
Accounts receivable, net	$42,237	$26,858
Prepaid expenses	7,857	8,164
Inventory and other current assets	54,488	63,618
Current assets of discontinued operations	104,582	98,640
Property, plant and equipment, net	216,152	217,089
Intangible and other long-term assets, net	4,419	4,854
Long-term assets of discontinued operations	220,571	221,943
Accounts payable	26,630	13,449
Accrued expenses	43,308	52,133
Current liabilities of discontinued operations	69,938	65,582
Disposal Group, Including Discontinued Operation, Other Noncurrent Liabilities	$19,179	$21,801

Acquisitions_Narrative_Details

Acquisitions (Narrative) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Mar. 31, 2013	Jun. 30, 2014
			Cementing Service Acquisitioin[Member]	Cementing Service Acquisitioin[Member]
Business Acquisition [Line Items]	'	'	'	'
Business acquisition, purchase price payable over next two years	'	'	'	$1,700,000
Cash paid to acquire equity interest	'	'	20,400,000	'
Approximately cash paid	'	'	20,400,000	'
Company will repay of complete debt	'	'	3,000,000	'
Goodwill	2,459,137,000	2,458,109,000	15,100,000	'
Additional consideration attributable to acquisition	'	'	'	$2,100,000
Business Acquisition, Percentage of Voting Interests Acquired	'	'	100.00%	'

Accelerated_Share_Repurchases_

Accelerated Share Repurchases (Details) (USD $)	3 Months Ended	6 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2014
Accelerated Share Repurchases, Cash or Stock Settlement	'	'April 2014
Accelerated Share Repurchases, Initial Price Paid Per Share	'	$29.62
Accelerated Share Repurchases, Settlement	'	633,485
Accelerated Share Repurchases [Member]	'	'
Stock Repurchased During Period, Value	$75	'
Stock Repurchased During Period, Shares	'	1,899,055
Accelerated Share Repurchases, Percent of shares Authorized for Repurchase	'	75.00%
Stock Repurchased and Retired During Period, Value	'	56.3
Additional Paid-in Capital [Member]	'	'
Stock Repurchased and Retired During Period, Value	'	$18.70

Earnings_per_Share_Details

Earnings per Share (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Stock options	550,000	1,230,000	1,220,000	1,200,000

StockBased_Compensation_and_Re

Stock-Based Compensation and Retirement Plans (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Stock Based Compensation and Retirement Plans [Abstract]	'	'
Compensation expense	$22.60	$18

Inventory_and_Other_Current_As2

Inventory and Other Current Assets (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory and Other Current Assets [Abstract]	'	'
Inventory	$160,204	$162,919
Finished Goods	63,008	65,621
Work in progress	14,594	20,064
Raw materials	33,434	20,764
Supplies and consumables	$49,168	$56,470

Inventory_and_Other_Current_As3

Inventory and Other Current Assets Additional Information (Details) (USD $)	3 Months Ended	6 Months Ended
Share data in Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Available-for-sale Securities [Abstract]	'	'	'	'
Available-for-sale securities, net unrealized holding gain (loss) reversed following sale	'	$1,200,000	'	'
Available-for-sale securities, unrealized holding gain (loss) reversed following sale	'	1,800,000	'	'
Number of shares comprising Available for Sale Securities	1.4	1.4	'	'
Available-for-sale Securities, Income Tax Expense on Change in Unrealized Holding Gain (Loss)	'	600,000	900,000	'
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax	'	'	2,300,000	'
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes	'	'	1,400,000	'
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	10,600,000	'	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	-1,089,000	-1,153,000	'	'
Available-for-sale Securities, Current	'	'	'	$8,800,000

Debt_Details

Debt (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
			Credit Facility [Member]	Unsecured Senior Notes Due 2019 [Member]	Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]	'	'	'	'	'
Credit Facility, Term Loan Amount Outstanding	'	'	$355,000,000	'	'
Credit facility, total borrowing capacity	'	'	1,000,000,000	'	'
Line of credit facility, revolving borrowing capacity	'	'	600,000,000	'	'
Aggregate principal amount of term loan	'	'	400,000,000	'	'
Line of Credit Facility, Periodic Payment	'	'	5,000,000	'	'
Letters of Credit Outstanding, Amount	'	'	48,800,000	'	'
Senior Notes	'	'	'	500,000,000	800,000,000
Stated interest rate on unsecured senior notes	'	'	'	6.38%	'
Gains (Losses) on Extinguishment of Debt	-884,000	-884,000	'	'	'
Line of Credit Facility, Amount Outstanding	'	'	$0	'	'

Decommissioning_Liabilities_De

Decommissioning Liabilities (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Summary of the activity for the Company's decommissioning liabilities	'	'	'
Decommissioning liabilities, December 31, 2011 and 2010, respectively	$83,519	$93,053	'
Liabilities acquired and incurred	797	360	'
Liabilities settled	'	-87	'
Accretion	2,344	2,994	'
Revision estimated liabilities	-1,040	'	'
Total decommissioning liabilities, June 30, 2012 and 2011, respectively	85,620	96,320	'
Less: current portion of decommissioning liabilities at June 30, 2012 and 2011, respectively	'	'	27,322
Long-term decommissioning liabilities, June 30, 2012 and 2011, respectively	$85,620	'	$56,197

Notes_Receivable_Details

Notes Receivable (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Notes Receivable [Abstract]	'	'
Amount of notes receivable net	$115	'
Interest rate percentage to record present value of notes receivable	6.58%	'
Company recorded interest income	$0.80	$1.50

Segment_Information_Financial_

Segment Information (Financial information for Company's segments) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Service Revenues	$1,107,552	$1,091,129	$2,168,970	$2,178,001	'
Cost of services (exclusive of items shown separately below)	650,293	646,704	1,301,898	1,298,298	'
Depreciation, depletion, amortization and accretion	160,965	149,440	323,283	294,404	'
General and administrative expenses	146,853	147,552	302,772	293,448	'
Income from operations	149,441	147,433	241,017	291,851	'
Interest income (expense), net	-24,560	-27,785	-48,441	-56,046	'
Other Nonoperating Income (Expense)	606	-2,837	571	1,738	'
Loss on early extinguishment of debt	'	-884	'	-884	'
Income (loss) from continuing operations before income taxes	125,487	115,927	193,147	236,659	'
Identifiable Assets	7,386,184	'	7,386,184	'	7,411,307
Assets Held-for-sale, at Carrying Value	325,153	'	325,153	'	'
Subsea and Technical Solutions [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Service Revenues	139,646	118,425	269,742	217,938	'
Cost of services (exclusive of items shown separately below)	71,530	65,339	144,523	117,494	'
Depreciation, depletion, amortization and accretion	18,059	9,853	32,948	17,774	'
General and administrative expenses	26,646	24,984	55,249	49,126	'
Income from operations	23,411	18,249	37,022	33,544	'
Interest income (expense), net	398	732	763	1,452	'
Income (loss) from continuing operations before income taxes	23,809	18,981	37,785	34,996	'
Identifiable Assets	1,096,633	'	1,096,633	'	1,015,105
Production Services [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Service Revenues	343,876	369,066	665,111	736,463	'
Cost of services (exclusive of items shown separately below)	231,119	252,324	458,344	505,379	'
Depreciation, depletion, amortization and accretion	40,180	45,931	81,988	87,808	'
General and administrative expenses	45,243	47,843	92,431	96,614	'
Income from operations	27,334	22,968	32,348	46,662	'
Income (loss) from continuing operations before income taxes	27,334	22,968	32,348	46,662	'
Identifiable Assets	2,114,805	'	2,114,805	'	2,176,785
Onshore Completion and Workover Services [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Service Revenues	398,048	398,216	787,925	824,199	'
Cost of services (exclusive of items shown separately below)	274,907	262,057	559,142	543,796	'
Depreciation, depletion, amortization and accretion	55,382	51,623	115,986	105,445	'
General and administrative expenses	36,011	38,383	74,979	79,570	'
Income from operations	31,748	46,153	37,818	95,388	'
Income (loss) from continuing operations before income taxes	31,748	46,153	37,818	95,388	'
Identifiable Assets	2,929,051	'	2,929,051	'	2,973,916
Drilling Products and Services [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Service Revenues	225,982	205,422	446,192	399,401	'
Cost of services (exclusive of items shown separately below)	72,737	66,984	139,889	131,629	'
Depreciation, depletion, amortization and accretion	47,344	42,033	92,361	83,377	'
General and administrative expenses	38,953	36,342	80,113	68,138	'
Income from operations	66,948	60,063	133,829	116,257	'
Income (loss) from continuing operations before income taxes	66,948	60,063	133,829	116,257	'
Identifiable Assets	1,245,695	'	1,245,695	'	1,245,501
Unallocated [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Interest income (expense), net	-24,958	-28,517	-49,204	-57,498	'
Other Nonoperating Income (Expense)	606	-2,837	571	1,738	'
Loss on early extinguishment of debt	'	-884	'	-884	'
Income (loss) from continuing operations before income taxes	-24,352	-32,238	-48,633	-56,644	'
Segment, Discontinued Operations [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Assets Held-for-sale, at Carrying Value	$325,200	'	$325,200	'	'

Segment_Information_Companys_i

Segment Information (Company's information by geographic area) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Total, Revenues	$1,107,552	$1,091,129	$2,168,970	$2,178,001	'
Total, Long-lived assets	2,754,244	'	2,754,244	'	3,002,194
United States Member	'	'	'	'	'
Revenue	932,941	931,415	1,825,260	1,851,070	'
Long-lived assets	2,411,311	'	2,411,311	'	2,476,792
Other Countries Member	'	'	'	'	'
Revenue	174,611	159,714	343,710	326,931	'
Long-lived assets	$342,933	'	$342,933	'	$525,402

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narrative) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value Measurements [Abstract]	'	'
Adjustment Interval of Variable Rate on Interest Rate Swap	90	'
Number of shares comprising Available for Sale Securities	1.4	'
Interest rate swap agreement for notional amount	$100	'
Fair value of long term debt	$1,793.60	$1,789

Fair_Value_Measurements_Financ

Fair Value Measurements (Financial assets and liabilities measured at fair value on a recurring basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Available-for-sale Securities	'	$8,817
Non-Qualified Deferred Compensation Assets [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	12,048	13,731
Interest Rate Swap [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	1,910	337
Non Qualified Deferred Compensation Liabilities [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Accounts payable	1,984	1,944
Other long-term liabilities	14,730	14,986
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Available-for-sale Securities	'	8,817
Level 1 [Member] | Non-Qualified Deferred Compensation Assets [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	342	2,330
Level 1 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	'	'
Level 1 [Member] | Non Qualified Deferred Compensation Liabilities [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Accounts payable	'	'
Other long-term liabilities	'	'
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Available-for-sale Securities	'	'
Level 2 [Member] | Non-Qualified Deferred Compensation Assets [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	11,706	11,401
Level 2 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	1,910	337
Level 2 [Member] | Non Qualified Deferred Compensation Liabilities [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Accounts payable	1,984	1,944
Other long-term liabilities	14,730	14,986
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Available-for-sale Securities	'	'
Level 3 [Member] | Non-Qualified Deferred Compensation Assets [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	'	'
Level 3 [Member] | Interest Rate Swap [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible and other long-term assets	'	'
Level 3 [Member] | Non Qualified Deferred Compensation Liabilities [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Accounts payable	'	'
Other long-term liabilities	'	'

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Narrative) (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Derivatives, Fair Value [Line Items]	'	'	'
Adjustment Interval of Variable Rate on Interest Rate Swap	90	'	'
Derivative asset	$1.90	'	$0.30
Interest income (expense) related to the ineffectiveness associated with the fair value hedge	1.6	0.2	'
Interest rate swap agreement for notional amount	100	'	'
July 2013 Interest Rate Swap [Member]	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'
Interest rate swap agreement for notional amount	$100	'	'

Derivative_Financial_Instrumen3

Derivative Financial Instruments (The location and effect of the derivative instrument on the condensed consolidated statement of operations, pre-tax basis) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, (Gain) Loss [Line Items]	'	'	'	'
Amount of (gain) loss recognized	($937)	$339	($1,573)	$211
Hedged Item Debt [Member] | Interest Expense, Net [Member]	'	'	'	'
Derivative Instruments, (Gain) Loss [Line Items]	'	'	'	'
Amount of (gain) loss recognized	3,613	-6,248	7,061	-7,439
Interest Rate Swap [Member] | Interest Expense, Net [Member]	'	'	'	'
Derivative Instruments, (Gain) Loss [Line Items]	'	'	'	'
Amount of (gain) loss recognized	($4,550)	$6,587	($8,634)	$7,650

Income_Taxes_Details

Income Taxes (Details) (USD $)	Jun. 30, 2014
In Millions, unless otherwise specified
Income Taxes [Abstract]	'
Unrecorded tax benefits	$29.90

Related_Party_Disclosure_Detai

Related Party Disclosure (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	$85.20	$84.40	'
Trade Accounts Payable	16.2	'	14.6
Ortowski Construction [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	0.6	0.1	'
ORTEQ Energy Services [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	38.7	28.8	'
Trade Accounts Payable	8.9	'	7.8
Resource Transport [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	5.6	7.1	'
Trade Accounts Payable	0.3	'	0.9
Texas Specialty Sands [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	26.8	36.8	'
Trade Accounts Payable	6.7	'	2
ProFuel LLC [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	12.2	11.2	'
Trade Accounts Payable	0.3	'	2.6
TIMBER CREEK REAL ESTATE PARTNERS [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Purchase of services	1.3	0.4	'
Trade Accounts Payable	'	'	1.3
LINNENERGY[MEMBER]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Revenue from Related Parties	10.9	12.4	'
Accounts Receivable, Related Parties, Current	$1.50	'	$2.90