Superior Energy Services 10-Q 21 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 18, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-34037
Entity Registrant Name	SUPERIOR ENERGY SERVICES INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2379388
Entity Address, Address Line One	1001 Louisiana Street
Entity Address, Address Line Two	Suite 2900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	654-2200
Title of 12(b) Security	Common Stock, $.001 par value
Trading Symbol	SPN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,826,507
Entity Central Index Key	0000886835
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 252,221	$ 272,624
Accounts receivable, net of allowance for doubtful accounts of $11,891 and $12,156 at March 31, 2020 and December 31, 2019, respectively	310,902	332,047
Income taxes receivable	29,914	740
Prepaid expenses	38,902	49,132
Inventory and other current assets	125,718	117,629
Assets held for sale	121,080	216,197
Total current assets	878,737	988,369
Property, plant and equipment, net of accumulated depreciation and depletion of $2,193,111 and $2,214,116 at March 31, 2020 and December 31, 2019, respectively	620,017	664,949
Operating lease right-of-use assets	76,533	80,906
Goodwill	136,155	137,695
Notes receivable	69,245	68,092
Restricted cash	2,773	2,764
Intangible and other long-term assets, net of accumulated amortization of $23,459 and $23,199 at March 31, 2020 and December 31, 2019, respectively	47,431	50,455
Total assets	1,830,891	1,993,230
Current liabilities:
Accounts payable	73,144	92,966
Accrued expenses	164,883	182,934
Current portion of decommissioning liabilities	3,677	3,649
Liabilities held for sale	8,226	44,938
Total current liabilities	249,930	324,487
Long-term debt, net	1,284,008	1,286,629
Decommissioning liabilities	134,031	132,632
Operating lease liabilities	57,948	62,354
Deferred income taxes	7,129	3,247
Other long-term liabilities	129,955	134,308
Stockholders’ equity (deficit):
Preferred stock of $0.01 par value. Authorized - 5,000,000 shares; none issued
Common stock of $0.001 par value, Authorized - 25,000,000, Issued - 15,798,428, Outstanding - 14,826,016 at March 31, 2020, Authorized - 25,000,000, Issued - 15,689,463, Outstanding - 14,717,051 at December 31, 2019	16	16
Additional paid-in capital	2,755,178	2,752,859
Treasury stock at cost, 972,412 shares at March 31, 2020 and December 31, 2019, respectively	(4,290)	(4,290)
Accumulated other comprehensive loss, net	(76,465)	(71,927)
Accumulated deficit	(2,706,549)	(2,627,085)
Total stockholders’ equity (deficit)	(32,110)	49,573
Total liabilities and stockholders’ equity (deficit)	$ 1,830,891	$ 1,993,230

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 11,891	$ 12,156
Accumulated depreciation and depletion on Property, plant and equipment	2,193,111	2,214,116
Accumulated amortization of Intangible and other long-term assets	$ 23,459	$ 23,199
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	15,798,428	15,689,463
Common stock, shares outstanding	14,826,016	14,717,051
Treasury Stock, Shares	972,412	972,412

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Total revenues	$ 321,497	$ 365,274
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	211,686	240,053
Depreciation, depletion, amortization and accretion	41,355	56,343
General and administrative expenses	65,157	71,112
Reduction in value of assets	16,522
Loss from operations	(13,223)	(2,234)
Other expense:
Interest expense, net	(25,134)	(25,121)
Other expense	(4,232)	(1,612)
Loss from continuing operations before income taxes	(42,589)	(28,967)
Income taxes	(10,254)	3,677
Net loss from continuing operations	(32,335)	(32,644)
Loss from discontinued operations, net of income tax	(47,129)	(15,061)
Net loss	$ (79,464)	$ (47,705)
Basic and diluted loss per share:
Net loss from continuing operations	$ (2.18)	$ (2.10)
Loss from discontinued operations	(3.18)	(0.97)
Net loss	$ (5.36)	$ (3.07)
Weighted average shares outstanding	14,809	15,578
Services [Member]
Revenues:
Total revenues	$ 180,236	$ 239,274
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	140,199	178,725
Depreciation, depletion, amortization and accretion	23,159	36,622
Rentals [Member]
Revenues:
Total revenues	100,105	91,036
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	40,043	41,687
Depreciation, depletion, amortization and accretion	12,820	15,663
Product Sales [Member]
Revenues:
Total revenues	41,156	34,964
Costs and expenses:
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)	31,444	19,641
Depreciation, depletion, amortization and accretion	$ 5,376	$ 4,058

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (79,464)	$ (47,705)
Change in cumulative translation adjustment, net of tax	(4,538)	1,073
Comprehensive loss	$ (84,002)	$ (46,632)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (79,464)	$ (47,705)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	41,355	82,439
Deferred income taxes	3,882
Reduction in value of assets	16,522
Reduction in value of assets held for sale	46,358
Right-of-use assets amortization	4,373	5,741
Stock-based compensation expense	3,584	8,453
Other reconciling items, net	1,776	(9,727)
Changes in operating assets and liabilities:
Accounts receivable	(3,448)	26,590
Prepaid expenses	4,129	(7,333)
Inventory and other current assets	(2,077)	1,392
Accounts payable	(17,086)	(8,172)
Accrued expenses	(20,540)	(17,709)
Income taxes	(28,479)
Other, net	(3,125)	(6,590)
Net cash provided by (used in) operating activities	(32,240)	27,379
Cash flows from investing activities:
Payments for capital expenditures	(18,563)	(41,160)
Proceeds from sales of assets	33,045	5,066
Net cash provided by (used in) investing activities	14,482	(36,094)
Cash flows from financing activities:
Tax withholdings for vested restricted stock units	(208)	(1,667)
Net cash used in financing activities	(208)	(1,667)
Effect of exchange rate changes on cash	(2,428)	924
Net change in cash, cash equivalents, and restricted cash	(20,394)	(9,458)
Cash, cash equivalents, and restricted cash at beginning of period	275,388	163,748	$ 163,748
Cash, cash equivalents, and restricted cash at end of period	$ 254,994	$ 154,290	$ 275,388

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss, Net [Member]	Accumulated Deficit [Member]	Total
Balances at Dec. 31, 2018	$ 155	$ 2,735,125		$ (73,177)	$ (2,371,364)	$ 290,739
Beginning balance, shares at Dec. 31, 2018	15,488,542
Net loss					(47,705)	(47,705)
Foreign currency translation adjustment				1,073		1,073
Stock-based compensation expense, net of forfeitures		5,625				5,625
Transactions under stock plans, value	$ 1	(1,667)				(1,666)
Transactions under stock plans, shares	107,118
Balances at Mar. 31, 2019	$ 156	2,739,083		(72,104)	(2,419,069)	248,066
Ending balance, shares at Mar. 31, 2019	15,595,660
Balances at Dec. 31, 2018	$ 155	2,735,125		(73,177)	(2,371,364)	290,739
Beginning balance, shares at Dec. 31, 2018	15,488,542
Balances at Dec. 31, 2019	$ 16	2,752,859	$ (4,290)	(71,927)	(2,627,085)	49,573
Ending balance, shares at Dec. 31, 2019	15,689,463
Net loss					(79,464)	(79,464)
Foreign currency translation adjustment				(4,538)		(4,538)
Stock-based compensation expense, net of forfeitures		2,527				2,527
Transactions under stock plans, value		(208)				(208)
Transactions under stock plans, shares	108,965
Balances at Mar. 31, 2020	$ 16	$ 2,755,178	$ (4,290)	$ (76,465)	$ (2,706,549)	$ (32,110)
Ending balance, shares at Mar. 31, 2020	15,798,428

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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 (the SEC); 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, 2019, and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein. The financial information of Superior Energy Services, Inc. and its subsidiaries (the Company) for the three months ended March 31, 2020 and 2019 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. Certain previously reported amounts have been reclassified to conform to the 2020 presentation. The results of operations for the first three months of the year are not necessarily indicative of the results of operations that might be expected for the entire year. On December 18, 2019, the Company amended its articles of incorporation to effect a reverse stock split of the issued and outstanding shares of its common stock pursuant to which each 10 shares of the Company’s issued and outstanding common stock were combined into one share of the Company’s common stock, and the authorized number of the Company’s common stock was proportionally reduced to 25 million shares. Fractional shares of common stock resulting from the reverse stock split were settled in cash. All shares of common stock and per share data presented in the condensed consolidated financial statements have been adjusted to reflect the reverse stock split on a retroactive basis for all periods presented. 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, other than as described below, that required disclosure or recognition in these condensed consolidated financial statements. Recent Developments  Combination On December 18, 2019, the Company entered into a definitive merger agreement (as amended on February 20, 2020, the Merger Agreement) to divest its U.S. service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations service lines (the Superior Energy U.S. Business) and combine them with Forbes Energy Services Ltd. (Forbes) to create a new consolidation platform for U.S. completion, production and water solutions (the Combination). While the Company and Forbes have worked diligently to complete the Combination, the significant reduction in crude oil prices caused primarily by the COVID-19 pandemic has resulted in a significant decline in demand for services provided by the Superior Energy U.S. Business and Forbes. While management continues to believe that the Company should be separated into two distinct companies as contemplated by the Combination, the COVID-19 pandemic and oil price decline have made it impractical to complete the Combination on the terms originally contemplated. As a result, the Company expects the Merger Agreement will be terminated in accordance with its terms on May 31, 2020.  Related Financing Transactions As a condition of the Combination, SESI, L.L.C. (SESI), the Company’s wholly owned subsidiary, consummated an offer to exchange (the Exchange Offer) up to $ 635.0 million of SESI’s previously outstanding $ 800.0 million aggregate principal amount of 7.125 % Senior Notes due 2021 (the Original Notes) for up to $ 635.0 million aggregate principal amount of SESI’s 7.125 % Senior Notes due 2021 (the New Notes) and conducted a concurrent consent solicitation (the Consent Solicitation) to amend the liens covenant in the indenture (the Proposed Amendment) governing the Original Notes (the Original Notes Indenture) to permit the issuance of the 8.750 % Senior Second Lien Secured Notes due 2026 (the Superior Secured Notes) to be issued by SESI upon the terms and subject to the conditions set forth in SESI’s offering memorandum and consent solicitation statement, dated as of January 6, 2020 (as amended by the press releases dated January 16, 2020, January 22, 2020, January 31, 2020, February 19, 2020 and February 20, 2020 issued by the Company and Supplement No. 1 to the Offering Memorandum and Consent Solicitation, dated as of January 31, 2020 (the Offering Memorandum)). A supplemental indenture by and among SESI, the guarantors party thereto and the Bank of New York Mellon Trust Company, N.A., as trustee, related to the Proposed Amendment was executed on February 14, 2020. The Exchange Offer expired at 5:00 p.m., New York City time, on February 21, 2020. If the Combination is not consummated by May 31, 2020 or is earlier terminated or abandoned, the New Notes issued in the Exchange Offer will be automatically exchanged for an equal principal amount of Original Notes to be issued as “Additional Notes” under the Original Notes Indenture, which notes shall accrue interest from the Termination Exchange Date at a rate of 7.125 % per year (the “Termination Exchange”). Accordingly, if the Termination Exchange occurs, (i) the 9.750 % Senior Second Lien Secured Notes due 2025 will no t be issued by Arita Energy, Inc., the 8.750 % Senior Second Lien Secured Notes due 2026 will no t be issued by SESI, the $ 6.35 million in cash constituting the total consent payment will no t be made and the Proposed Amendment will not become operative and (ii) eligible holders of New Notes that were issued in exchange for Original Notes in the Exchange Offer will receive, pursuant to the Termination Exchange, an aggregate principal amount of Original Notes equal to the Exchange Consideration (as defined in the Offering Memorandum).  COVID-19 Pandemic and Market Conditions The Company’s operations were disrupted due to the circumstances surrounding the COVID-19 pandemic including, but not limited to, suggested and mandated social distancing and stay at home orders, resulting in the Company having to modify its business practices. The Company experienced delays in the preparation of its financial statements as a result of the COVID-19 pandemic and availed itself of the SEC’s order (Release No. 34-88318) under Section 36 of the Securities Exchange Act of 1934, as amended (the Exchange Act), granting exemptions from specified provisions of the Exchange Act and certain rules thereunder, as amended by Release No. 34-88465 issued on March 25, 2020 to extend the original deadline of May 11, 2020 for the filing of this Quarterly Report. Management of the Company believes it has proactively addressed many of the known operational impacts of the COVID-19 pandemic to the extent possible and will strive to continue to do so, but there can be no guarantee the measures will be fully effective. Furthermore, the oil and gas industry has experienced unprecedented price disruptions during 2020, due in part to significantly decreased demand as a result of the COVID-19 pandemic and the announcement by Saudi Arabia of a significant increase in its maximum crude oil production capacity as well as the announcement by Russia that previously agreed upon oil production cuts between members of the Organization of the Petroleum Exporting Countries and its broader partners (OPEC+) would expire on April 1, 2020. On April 12, 2020, members of OPEC+ agreed to certain production cuts; however, these cuts are not expected to be enough to offset near-term demand loss attributable to the COVID-19 pandemic. Activity declined in the face of depressed crude oil pricing, with the average U.S. land rig count dropping 25 % in the first quarter of 2020 as compared to the first quarter of 2019. The global rig count has continued to decline during the beginning of the second quarter of 2020 as well. These market conditions have significantly impacted the Company’s business, with a more severe impact to the North American business in the first quarter of 2020. As customers continue to revise their capital budgets in order to adjust spending levels in response to lower commodity prices, the Company has experienced significant pricing pressure for its products and services. The Company expects such pricing pressure to continue during the remainder of 2020 if the economic climate in the United States and abroad continues to deteriorate.  Ransomware Attack On March 31, 2020, the Company detected a ransomware attack on its network that temporarily disrupted access to some systems. The Company immediately took steps to isolate affected systems and contain disruption to the Company’s information technology infrastructure. The Company also implemented measures to prevent additional systems from being affected, including taking systems offline as a precaution. The Company engaged third party information technology experts to restore and recover those affected systems to full functionality as quickly as possible. The Company believes there has not been any material impact to its operating activities or its controls over financial reporting. The Company does not believe that this incident will have a long-term material adverse impact on its business, results of operations or financial condition. The Company has implemented enhanced security features and monitoring procedures to mitigate the likelihood of similar future events. New York Stock Exchange Notice On March 30, 2020, the Company received a written notice from the New York Stock Exchange (the NYSE) notifying the Company that it was not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual because the average global market capitalization of the Company’s common stock over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders’ equity was less than $50 million (the $50 Million Standard). In response to the significant volatility in the financial markets caused by the COVID-19 pandemic, on April 21, 2020, the SEC approved, with immediate effectiveness, the NYSE’s proposal to permit a longer cure period for NYSE-listed companies to regain compliance with the $50 Million Standard by tolling their respective compliance periods through June 30, 2020 (the Tolling Order). Under the NYSE rules, the Company would normally have 18 months to cure the noncompliance (the 18-Month Cure Period). However, in accordance with the Tolling Order, the Company’s 18-Month Cure Period will be paused through June 30, 2020, and will resume on July 1, 2020. On May 14, 2020, the Company submitted its plan (the Plan) to cure the deficiency and regain compliance with the $50 Million Standard. If the NYSE accepts the Company’s Plan, the Company’s common stock will continue to be traded on the NYSE during the 18-Month Cure Period, as extended by the Tolling Order, subject to the Company’s compliance with the Plan and other continued listing requirements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
Revenue [Abstract]
Revenue	(2) Revenue Revenue Recognition Revenues are recognized when performance obligations are satisfied in accordance with contractual terms, in an amount that reflects the consideration the Company expects to be entitled to in exchange for services rendered, rentals provided and products sold. Taxes collected from customers and remitted to governmental authorities and revenues are reported on a net basis in the Company’s financial statements. Performance Obligations A performance obligation arises under contracts with customers to render services, provide rentals or sell products, and is the unit of account under Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) . The Company accounts for services rendered and rentals provided separately if they are distinct and the service or rental is separately identifiable from other items provided to a customer and if a customer can benefit from the services rendered or rentals provided on its own or with other resources that are readily available to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. A contract’s standalone selling prices are determined based on the prices that the Company charges for its services rendered, rentals provided, and products sold. The majority of the Company’s performance obligations are satisfied over time, which is generally represented by a period of 30 days or less. The Company’s payment terms vary by the type of products or services offered. The term between invoicing and when the payment is due is typically 30 days. Services Revenue: primarily represents amounts charged to customers for the completion of services rendered, including labor, products and supplies necessary to perform the service. Rates for these services vary depending on the type of services provided and can be based on a per job, per hour or per day basis. Rentals Revenue: primarily priced on a per day, per man hour or similar basis and consists of fees charged to customers for use of the Company’s rental equipment over the term of the rental period, which is generally less than twelve months. Product Sales Revenue: products are generally sold based upon purchase orders or contracts with the Company’s customers that include fixed or determinable prices but do not include right of return provisions or other significant post-delivery obligations. The Company recognizes revenue from product sales when title passes to the customer, the customer assumes risks and rewards of ownership, collectability is reasonably assured and delivery occurs as directed by the customer. The Company expenses sales commissions when incurred because the amortization period would have been one year or less. Disaggregation of revenue The following table presents the Company’s revenues by segment disaggregated by geography (in thousands): Three Months Ended March 31, 2020 2019 U.S. land Drilling Products and Services $ 36,656 $ 48,217 Onshore Completion and Workover Services 61,218 103,136 Production Services 30,667 40,666 Technical Solutions 6,137 11,920 Total U.S. land $ 134,678 $ 203,939 U.S. offshore Drilling Products and Services $ 37,224 $ 29,067 Onshore Completion and Workover Services - - Production Services 11,299 19,272 Technical Solutions 31,533 20,933 Total U.S. offshore $ 80,056 $ 69,272 International Drilling Products and Services $ 30,113 $ 23,795 Onshore Completion and Workover Services - - Production Services 59,538 43,512 Technical Solutions 17,112 24,756 Total International $ 106,763 $ 92,063 Total Revenues $ 321,497 $ 365,274 The following table presents the Company’s revenues by segment disaggregated by type (in thousands): Three Months Ended March 31, 2020 2019 Services Drilling Products and Services $ 14,576 $ 18,959 Onshore Completion and Workover Services 54,104 92,516 Production Services 82,794 87,994 Technical Solutions 28,762 39,805 Total services $ 180,236 $ 239,274 Rentals Drilling Products and Services $ 77,829 $ 69,958 Onshore Completion and Workover Services 7,114 10,620 Production Services 8,788 8,602 Technical Solutions 6,374 1,856 Total rentals $ 100,105 $ 91,036 Product Sales Drilling Products and Services $ 11,588 $ 12,162 Onshore Completion and Workover Services - - Production Services 9,922 6,854 Technical Solutions 19,646 15,948 Total product sales $ 41,156 $ 34,964 Total Revenues $ 321,497 $ 365,274

Inventory

Inventory	3 Months Ended
	Mar. 31, 2020
Inventory [Abstract]
Inventory	(3) Inventory Inventories are stated at the lower of cost or net realizable value. The Company applies net realizable value and obsolescence to the gross value of the inventory. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables primarily consist of products used in our services provided to customers. The components of the inventory balances are as follows (in thousands): March 31, 2020 December 31, 2019 Finished goods $ 50,224 $ 45,127 Raw materials 16,151 16,130 Work-in-process 9,542 9,360 Supplies and consumables 35,038 33,322 Total $ 110,955 $ 103,939

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2020
Notes Receivable [Abstract]
Notes Receivable	(4) Notes Receivable Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company related to costs associated with 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 totals $ 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 $ 1.2 million and $ 1.0 million for the three months ended March 31, 2020 and 2019, respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Debt	(5) Debt The Company’s outstanding debt is as follows (in thousands): March 31, 2020 December 31, 2019 Stated Interest Rate (%) Long-term Senior unsecured notes due September 2024 7.750 $ 500,000 $ 500,000 New senior unsecured notes due December 2021 7.125 617,888 - Original senior unsecured notes due December 2021 7.125 182,112 800,000 Total debt, gross 1,300,000 1,300,000 Unamortized debt issuance costs ( 15,992 ) ( 13,371 ) Total debt, net $ 1,284,008 $ 1,286,629 Credit Facility The Company has an asset-based revolving credit facility which matures in October 2022. The borrowing base under the credit facility is calculated based on a formula referencing the borrower’s and the subsidiary guarantors’ eligible accounts receivable, eligible inventory and eligible premium rental drill pipe less reserves. Availability under the credit facility is the lesser of (i) the commitments, (ii) the borrowing base and (iii) the highest principal amount permitted to be secured under the indenture governing the 7.125 % senior unsecured notes due 2021. On March 2, 2020, the Company amended its credit facility to increase the capacity for foreign letters of credit from $ 25.0 million to $ 40.0 million. At March 31, 2020, the borrowing base was $ 201.2 million and the Company had $ 103.4 million of letters of credit outstanding that reduced its borrowing availability under the revolving credit facility. The credit agreement contains various covenants, including, but not limited to, limitations on the incurrence of indebtedness, permitted investments, liens on assets, making distributions, transactions with affiliates, merger, consolidations, dispositions of assets and other provisions customary in similar types of agreements. Senior Unsecured Notes In connection with the Exchange Offer, $ 617.9 million aggregate principal amount of outstanding Original Notes were validly tendered for exchange and not withdrawn, representing 77.24 % of the aggregate principal amount of Original Notes outstanding upon commencement of the Exchange Offer. SESI accepted all validly tendered Original Notes and issued $ 617.9 million aggregate principal amount of New Notes pursuant to the New Notes Indenture. As a result of the Exchange Offer, as of March 31, 2020, the Company has outstanding $ 182.1 million of Original Notes and $ 617.9 million of New Notes due December 2021. The Original Notes Indenture requires semi-annual interest payments on June 15 and December 15 of each year through the maturity date of December 15, 2021.The New Notes Indenture requires semi-annual interest payments on June 15 and December 15 of each year through the maturity date of December 15, 2021. The Company also has outstanding $ 500 million of senior unsecured notes due September 2024. The indenture governing the 7.75 % senior unsecured notes due 2024 requires semi-annual interest payments on March 15 and September 15 of each year through the maturity date of September 15, 2024.

Decommissioning Liabilities

Decommissioning Liabilities	3 Months Ended
	Mar. 31, 2020
Decommissioning Liabilities [Abstract]
Decommissioning Liabilities	(6) Decommissioning Liabilities The Company’s decommissioning liabilities associated with an oil and gas property and its related assets include liabilities related to the plugging of wells, removal of the related platform and equipment, and site restoration. The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows and/or relating timing needed to satisfy the liability have changed materially. The Company had decommissioning liabilities of $ 137.7 million and $ 136.3 million at March 31, 2020 and December 31, 2019, respectively.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	(7) Leases Accounting Policy for Leases The Company determines if an arrangement is a lease at inception. All of the Company’s leases are operating leases and are included in right-of-use (ROU) assets, accounts payable and operating lease liabilities in the condensed consolidated balance sheet. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the respective lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company’s lease terms may include options to extend or terminate the lease. Overview The Company’s operating leases are primarily for real estate, machinery and equipment, and vehicles. The terms and conditions for these leases vary by the type of underlying asset. Total operating lease expense was as follows (in thousands): Three Months Ended March 31, 2020 2019 Long-term fixed lease expense $ 7,473 $ 8,105 Long-term variable lease expense 124 87 Short-term lease expense 4,423 5,278 Total operating lease expense $ 12,020 $ 13,470 Supplemental Balance Sheet and Cash Flows Information Operating leases were as follows (in thousands): March 31, 2020 December 31, 2019 Operating lease ROU assets $ 76,533 $ 80,906 Accrued expenses $ 20,509 $ 21,072 Operating lease liabilities 57,948 62,354 Total operating lease liabilities $ 78,457 $ 83,426 Weighted average remaining lease term 9 years 9 years Weighted average discount rate 6.75 % 6.75 % Three Months Ended March 31, 2020 2019 Cash paid for operating leases $ 7,757 $ 8,742 ROU assets obtained in exchange for lease obligations $ 1,465 $ 6,877 Maturities of operating lease liabilities at March 31, 2020 are as follows (in thousands): Remainder of 2020 $ 20,996 2021 21,966 2022 14,603 2023 10,996 2024 8,024 Thereafter 46,002 Total lease payments 122,587 Less imputed interest 44,130 Total $ 78,457

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements [Abstract]
Fair Value Measurements	(8) Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used in determining fair value are characterized according to a hierarchy that prioritizes those inputs based on the degree to which they are observable. The three input levels of the fair value hierarchy are 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 (in thousands): Fair Value at March 31, 2020 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 13,144 $ - $ 13,144 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,156 $ - $ 2,156 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 18,266 $ - $ 18,266 Total debt $ 393,531 $ - $ - $ 393,531 Fair Value at December 31, 2019 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,499 $ - $ 15,499 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 1,372 $ - $ 1,372 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 23,466 $ - $ 23,466 Total debt $ 1,021,300 $ - $ - $ 1,021,300 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. 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 carrying amount of cash equivalents, accounts receivable, accounts payable and accrued expenses, as reflected in the condensed consolidated balance sheets, approximates fair value due to the short maturities. The fair value of the debt instruments is determined by reference to the market value of such instruments as quoted in an over-the-counter market, which represents Level 1 in the fair value hierarchy. The following table reflects the fair value measurements used in testing the impairment of long-lived assets (in thousands): March 31, 2020 Impairment Fair Value Property, plant and equipment, net $ 16,522 $ 13,593 Fair value is measured as of impairment date using Level 3 inputs. See Note 10 for a discussion of the reduction in value of assets recorded during the three months ended March 31, 2020.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Information [Abstract]
Segment Information	(9) Segment Information Business Segments The Drilling Products and Services segment rents and sells premium drill pipe, bottom hole assemblies, 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 machining services. The Onshore Completion and Workover Services segment provides fluid handling services and 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. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and the production and sale of oil and gas. The Company evaluates the performance of its reportable segments based on income or loss from operations excluding corporate expenses. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation, depletion, amortization and accretion expense and reduction in value of assets. The Company uses this segment measure to evaluate its reportable segments because it is the measure that is most consistent with how the Company organizes and manages its business operations. Corporate and other costs primarily include expenses related to support functions, salaries and benefits for corporate employees and stock-based compensation expense. Summarized financial information for the Company’s segments is as follows (in thousands): Three Months Ended March 31, 2020 Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total Revenues $ 103,993 $ 61,218 $ 101,504 $ 54,782 $ - $ 321,497 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion 34,963 52,589 82,612 41,522 - 211,686 Depreciation, depletion, amortization and accretion 17,790 6,313 10,838 5,345 1,069 41,355 General and administrative expenses 14,513 5,314 7,855 13,991 23,484 65,157 Reduction in value of assets - - 4,096 12,426 - 16,522 Income (loss) from operations 36,727 ( 2,998 ) ( 3,897 ) ( 18,502 ) ( 24,553 ) ( 13,223 ) Interest income (expense), net - - - 1,173 ( 26,307 ) ( 25,134 ) Other expense - - - - ( 4,232 ) ( 4,232 ) Income (loss) from continuing operations before income taxes $ 36,727 $ ( 2,998 ) $ ( 3,897 ) $ ( 17,329 ) $ ( 55,092 ) $ ( 42,589 ) Three Months Ended March 31, 2019 Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total Revenues $ 101,079 $ 103,136 $ 103,450 $ 57,609 $ - $ 365,274 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion 42,205 81,689 79,881 36,278 - 240,053 Depreciation, depletion, amortization and accretion 23,026 11,647 14,140 6,310 1,220 56,343 General and administrative expenses 14,569 7,842 7,812 15,937 24,952 71,112 Income (loss) from operations 21,279 1,958 1,617 ( 916 ) ( 26,172 ) ( 2,234 ) Interest income (expense), net - - - 1,018 ( 26,139 ) ( 25,121 ) Other expense - - - - ( 1,612 ) ( 1,612 ) Income (loss) from continuing operations before income taxes $ 21,279 $ 1,958 $ 1,617 $ 102 $ ( 53,923 ) $ ( 28,967 ) Identifiable Assets Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total March 31, 2020 $ 681,004 $ 353,331 $ 422,673 $ 309,719 $ 64,164 $ 1,830,891 December 31, 2019 $ 659,621 467,697 $ 421,848 $ 377,627 $ 66,437 $ 1,993,230 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 rented. 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. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations are as follows (in thousands): Revenues Three Months Ended March 31, 2020 2019 United States $ 214,734 $ 273,211 Other countries 106,763 92,063 Total $ 321,497 $ 365,274 Long-Lived Assets March 31, 2020 December 31, 2019 United States $ 447,308 $ 489,189 Other countries 172,709 175,760 Total $ 620,017 $ 664,949

Reduction in Value of Assets

Reduction in Value of Assets	3 Months Ended
	Mar. 31, 2020
Reduction in Value of Assets [Abstract]
Reduction in Value of Assets	(10) Reduction in Value of Assets During the first quarter of 2020, in line with the rapidly changing market conditions, the Company’s market capitalization also deteriorated. The Company determined that the recent events constituted a triggering event that required the Company to review the recoverability of its long-lived assets and to perform an interim goodwill impairment as of March 31, 2020. Reduction in Value of Long-Lived Assets Long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of such assets to their fair value calculated, in part, by the estimated undiscounted future cash flows expected to be generated by the assets. Cash flow estimates are based upon, among other things, historical results adjusted to reflect the best estimate of future market rates, utilization levels, and operating performance. Estimates of cash flows may differ from actual cash flows due to, among other things, changes in economic conditions or changes in an asset’s operating performance. The Company’s assets are grouped by line of business or division for the impairment testing, which represents the lowest level of identifiable cash flows. If the asset grouping’s fair value is less than the carrying amount of the asset grouping, impairment losses are recorded in the amount by which the carrying amount of asset grouping exceeds the fair value. The estimate of fair value represents the Company’s best estimate based on industry trends and reference to market transactions and is subject to variability. During the three months ended March 31, 2020, the Company recorded $ 16.5 million in connection with the reduction in the value of its long-lived assets. The reduction in value of assets was comprised of $ 4.1 million and $ 12.4 million related to property, plant and equipment in the Production Services segment and the Technical Solutions segment, respectively. Goodwill The Company performs the goodwill impairment test on an annual basis as of October 1 or more often if events or circumstances indicate there may be an impairment. Goodwill impairment testing is performed at the reporting unit level, which is consistent with the reporting segments. The Company assesses whether any indicators of impairment exist, which requires a significant amount of judgment. Such indicators may include a sustained decrease in the Company’s stock price and market capitalization, a decline in the expected future cash flows, overall weakness in the industry, and slower growth rates. Goodwill impairment exists when the estimated fair value of the reporting unit is below the carrying value. In estimating the fair value of the reporting units, the Company uses a combination of an income approach and a market-based approach.  Income approach – The Company discounts the expected cash flows of each reporting unit. The discount rate used represents the estimated weighted average cost of capital, which reflects the overall level of inherent risk involved in the Company’s operations and cash flows and the rate of return an outside investor would expect to earn.  Market-based approach – The Company uses the guideline public company method, which focuses on comparing the Company’s risk profile and growth prospects to select reasonably similar publicly traded companies. The Company weighs the income approach 80 % and the market-based approach 20 % due to differences between the Company’s reporting units and the peer companies’ size, profitability and diversity of operations. In order to validate the reasonableness of the estimated fair values obtained for the reporting units, a reconciliation of fair value to market capitalization is performed for each unit on a standalone basis. A control premium, derived from market transaction data, is used in this reconciliation to ensure that fair values are reasonably stated in conjunction with the Company’s capitalization. The Company uses all available information to estimate fair value of the reporting units, including discounted cash flows. A significant amount of judgment is involved in performing these evaluations given that the results are based on estimated future events. The result of the goodwill impairment assessment indicated that the fair value of the Drilling Products and Services segment exceeded its net book value and, therefore, no goodwill impairment was recorded. The Company will continue to evaluate the Drilling Products and Services segment for potential goodwill impairment in the second quarter of 2020 as market conditions evolve.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation Plans [Abstract]
Stock-Based Compensation Plans	(11) 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 (the Eligible Participants). Under the stock incentive plans, the Company may grant incentive 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 $ 3.6 million and $ 8.0 million for the three months ended March 31, 2020 and 2019, respectively, which is reflected in general and administrative expenses.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes [Abstract]
Income Taxes	(12) Income Taxes On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), a substantial tax relief and spending package intended to provide economic stimulus to address the impact of the COVID-19 pandemic. The CARES Act allows corporations with net operating losses generated in 2018, 2019 and 2020 to elect to carryback those losses for a period of five years and relaxes the limitation for business interest deductions for 2019 and 2020. Under the provisions of the CARES Act, the Company anticipates receiving a refund of approximately $ 30.0 million during the second half of 2020. The Company had $ 13.2 million of unrecorded tax benefits as of each of March 31, 2020 and December 31, 2019, all of which would impact the Company’s effective tax rate if recognized. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(13) Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. 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 shares of common stock that could have been outstanding assuming the exercise of stock options and the conversion of restricted stock units. The Company incurred a loss from continuing operations for the three months ended March 31, 2020 and 2019; therefore the impact of any incremental shares would be anti-dilutive.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2020
Contingencies [Abstract]
Contingencies	(14) Contingencies 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. A subsidiary of the Company is involved in legal proceedings with two employees regarding the payment of royalties for a patentable product developed by them. On April 2, 2018, the employees filed a lawsuit in the Harris County District Court alleging that the royalty payments they had received since 2010 should have been higher. In May 2019, the jury issued a verdict in favor of the plaintiffs. On October 25, 2019, the court issued a final judgment against the Company. The Company strongly disagrees with the verdict and believes the district court committed several legal errors that should result in a reversal or remand of the case by the Court of Appeals. The ultimate resolution of this matter could result in a loss of up to $ 7.4 million in excess of amounts accrued.

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2020
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	(15) Supplemental Guarantor Information SESI, L.L.C. (the Issuer), a 100 % owned subsidiary of Superior Energy Services, Inc. (the Parent), has $ 500 million of 7.75 % senior unsecured notes due 2024 (the SESI 2024 notes). The Parent, along with certain of its direct and indirect 100% owned domestic subsidiaries (the subsidiary guarantors, and together with the Parent, the guarantors), have entered into guarantees of the outstanding SESI 2024 notes (the guarantees). All guarantees provided by the guarantors are full and unconditional, joint and several, except that the guarantee of any subsidiary guarantor may be released under certain customary circumstances, including (i) in connection with a sale or other disposition of all or substantially all of the assets of the applicable subsidiary guarantor (including by way of merger or consolidation) to a person that is not the Issuer, Parent or a subsidiary of the Issuer; (ii) in connection with a sale or other disposition of all of the capital stock of such subsidiary guarantor to a person that is not the Parent or Issuer or their respective subsidiaries; and (iii) upon legal defeasance or satisfaction and discharge of the indenture governing the SESI 2024 notes. The Parent will be released from its guarantee only in connection with any legal defeasance or satisfaction and discharge of the indenture. With respect to each guarantor, each guarantee is a general unsecured senior obligation of such guarantor and  ranks equally in right of payment with all existing and future senior unsecured indebtedness of such guarantor;  is senior in right of payment to any future subordinated obligations of such guarantor; and  is effectively subordinated to existing and future secured indebtedness of such guarantor to the extent of the value of the assets securing that indebtedness. The guarantee obligations of the Parent and each subsidiary guarantor is limited as necessary to prevent the guarantee from constituting a fraudulent conveyance under applicable law. If a guarantee were rendered voidable, it could be subordinated by a court to all other indebtedness (including guarantees and other contingent liabilities) of the applicable guarantor, and, depending on the amount of such indebtedness, such guarantor’s liability on its guarantee could be reduced to zero. The SESI 2024 notes and the guarantees are structurally subordinated to all indebtedness and other obligations of any of the subsidiary guarantors that do not guarantee the SESI 2024 notes (the non-guarantor subsidiaries). Such non-guarantor subsidiaries have no obligation, contingent or otherwise, to pay amounts due under the SESI 2024 notes or to make funds available to pay those amounts, whether by dividends, distributions, loans or other payments. The following summarized financial information presents the financial information of the Parent, Issuer and the subsidiary guarantors (collectively, the Obligor Group), on a combined basis, after elimination of (i) intercompany transactions and balances among the Parent, Issuer and the subsidiary guarantors and (ii) equity in earnings from and investments in any subsidiary of the Parent that is not the Issuer or a subsidiary guarantor. OBLIGOR GROUP Summarized Balance Sheets Information (in thousands) (unaudited) March 31, 2020 December 31, 2019 Current assets $ 693,625 $ 789,562 Noncurrent assets 1,087,934 1,134,238 Total assets $ 1,781,559 $ 1,923,800 Current liabilities $ 191,968 $ 261,743 Noncurrent liabilities 2,044,725 2,039,138 Total liabilities $ 2,236,693 $ 2,300,881 OBLIGOR GROUP Summarized Statements of Operations Information (in thousands) (unaudited) Three Months Ended March 31, 2020 Year Ended December 31, 2019 Total revenues $ 245,797 $ 1,126,456 Cost of revenues 160,926 723,451 Loss from operations before income taxes ( 37,265 ) ( 92,731 ) Income taxes ( 12,325 ) 6,102 Net loss from continuing operations ( 24,940 ) ( 98,833 ) Loss from discontinued operations, net of tax ( 47,129 ) ( 177,968 ) Net loss attributable to the obligor group $ ( 72,069 ) $ ( 276,801 ) The same accounting policies as described in Note 1 to the consolidated financial statements included in this Quarterly Report are used by the Parent and each of its subsidiaries in connection with the summarized financial information presented above.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2020
Discontinued Operations [Abstract]
Discontinued Operations	(16) Discontinued Operations On December 10, 2019, the Company’s indirect, wholly owned subsidiary, Pumpco Energy Services, Inc. (Pumpco), completed its existing hydraulic fracturing field operations and determined to discontinue, wind down and exit its hydraulic fracturing operations. The Company intends to maintain an adequate number of employees to efficiently wind down Pumpco’s business. The financial results of Pumpco’s operations have historically been included in the Company’s Onshore Completions and Workover Services segment. The Company intends to sell Pumpco’s fixed assets over time during the next twelve months. The following table summarizes the components of loss from discontinued operations, net of tax for the three months ended March 31, 2020 and 2019 (in thousands): Three Months Ended March 31, 2020 2019 Revenues $ 254 $ 101,902 Cost of services 5,459 90,110 Loss from discontinued operations before tax ( 59,651 ) ( 17,037 ) Loss from discontinued operations, net of income tax 47,129 ( 15,061 ) For the three months ended March 31, 2020, loss from discontinued operations included $ 46.4 million in the reduction in value of assets relating to the impairment of property, plant and equipment. The following summarizes the assets and liabilities related to the Pumpco business reported as discontinued operations (in thousands): March 31, 2020 December 31, 2019 Current assets: Accounts receivable, net $ - $ 25,106 Other current assets 4,894 6,215 Total current assets $ 4,894 $ 31,321 Property, plant and equipment, net 115,363 179,144 Operating lease ROU assets 823 5,732 Total assets $ 121,080 $ 216,197 Current liabilities: Accounts payable $ 495 $ 14,370 Accrued expenses 4,335 24,751 Total current liabilities 4,830 39,121 Operating lease liabilities 2,994 5,415 Other long-term liabilities 402 402 Total liabilities $ 8,226 $ 44,938 Significant operating non-cash items of Pumpco and cash flows from investing activities were as follows (in thousands): Three Months Ended March 31, 2020 2019 Cash flows from discontinued operating activities: Depreciation and amortization $ - $ 26,096 Reduction in value of assets 46,358 - Cash flows from discontinued investing activities: Payments for capital expenditures $ - $ ( 14,931 ) Proceeds from sales of assets 8,449 -

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements
New Accounting Pronouncements	(17) New Accounting Pronouncements Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (the FASB) issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This update improves financial reporting by requiring earlier recognition of credit losses on financing receivables and other financial assets in scope by using the Current Expected Credit Losses model (the CECL). The CECL model utilizes a lifetime expected credit loss measurement objective for the recognition of credit losses on financial instruments at the time the asset is originated or acquired. This update will apply to receivables arising from revenue transactions. The new standard is effective for the Company beginning on January 1, 2023. The Company is evaluating the effect ASU 2016-13 will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This update aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs of a hosting arrangement that is a service contract will be expensed over the term of the hosting arrangement. The Company adopted the new standard on January 1, 2020 on a prospective basis with respect to all implementation costs incurred after the date of adoption. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. The new standard is effective for the Company beginning on January 1, 2021. The Company is evaluating the effect ASU 2019-12 will have on its consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue [Abstract]
Disaggregation Of Revenues	The following table presents the Company’s revenues by segment disaggregated by geography (in thousands): Three Months Ended March 31, 2020 2019 U.S. land Drilling Products and Services $ 36,656 $ 48,217 Onshore Completion and Workover Services 61,218 103,136 Production Services 30,667 40,666 Technical Solutions 6,137 11,920 Total U.S. land $ 134,678 $ 203,939 U.S. offshore Drilling Products and Services $ 37,224 $ 29,067 Onshore Completion and Workover Services - - Production Services 11,299 19,272 Technical Solutions 31,533 20,933 Total U.S. offshore $ 80,056 $ 69,272 International Drilling Products and Services $ 30,113 $ 23,795 Onshore Completion and Workover Services - - Production Services 59,538 43,512 Technical Solutions 17,112 24,756 Total International $ 106,763 $ 92,063 Total Revenues $ 321,497 $ 365,274 The following table presents the Company’s revenues by segment disaggregated by type (in thousands): Three Months Ended March 31, 2020 2019 Services Drilling Products and Services $ 14,576 $ 18,959 Onshore Completion and Workover Services 54,104 92,516 Production Services 82,794 87,994 Technical Solutions 28,762 39,805 Total services $ 180,236 $ 239,274 Rentals Drilling Products and Services $ 77,829 $ 69,958 Onshore Completion and Workover Services 7,114 10,620 Production Services 8,788 8,602 Technical Solutions 6,374 1,856 Total rentals $ 100,105 $ 91,036 Product Sales Drilling Products and Services $ 11,588 $ 12,162 Onshore Completion and Workover Services - - Production Services 9,922 6,854 Technical Solutions 19,646 15,948 Total product sales $ 41,156 $ 34,964 Total Revenues $ 321,497 $ 365,274

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory [Abstract]
Components Of Inventory	March 31, 2020 December 31, 2019 Finished goods $ 50,224 $ 45,127 Raw materials 16,151 16,130 Work-in-process 9,542 9,360 Supplies and consumables 35,038 33,322 Total $ 110,955 $ 103,939

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Schedule Of Long Term Debt	March 31, 2020 December 31, 2019 Stated Interest Rate (%) Long-term Senior unsecured notes due September 2024 7.750 $ 500,000 $ 500,000 New senior unsecured notes due December 2021 7.125 617,888 - Original senior unsecured notes due December 2021 7.125 182,112 800,000 Total debt, gross 1,300,000 1,300,000 Unamortized debt issuance costs ( 15,992 ) ( 13,371 ) Total debt, net $ 1,284,008 $ 1,286,629

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Operating Lease Expense	Three Months Ended March 31, 2020 2019 Long-term fixed lease expense $ 7,473 $ 8,105 Long-term variable lease expense 124 87 Short-term lease expense 4,423 5,278 Total operating lease expense $ 12,020 $ 13,470
Supplemental Balance Sheet Information	March 31, 2020 December 31, 2019 Operating lease ROU assets $ 76,533 $ 80,906 Accrued expenses $ 20,509 $ 21,072 Operating lease liabilities 57,948 62,354 Total operating lease liabilities $ 78,457 $ 83,426 Weighted average remaining lease term 9 years 9 years Weighted average discount rate 6.75 % 6.75 % Three Months Ended March 31, 2020 2019 Cash paid for operating leases $ 7,757 $ 8,742 ROU assets obtained in exchange for lease obligations $ 1,465 $ 6,877
Maturities Of Operating Lease Liabilities	Remainder of 2020 $ 20,996 2021 21,966 2022 14,603 2023 10,996 2024 8,024 Thereafter 46,002 Total lease payments 122,587 Less imputed interest 44,130 Total $ 78,457

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value at March 31, 2020 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 13,144 $ - $ 13,144 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,156 $ - $ 2,156 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 18,266 $ - $ 18,266 Total debt $ 393,531 $ - $ - $ 393,531 Fair Value at December 31, 2019 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,499 $ - $ 15,499 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 1,372 $ - $ 1,372 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 23,466 $ - $ 23,466 Total debt $ 1,021,300 $ - $ - $ 1,021,300
Fair Value Measurements Used In Testing	March 31, 2020 Impairment Fair Value Property, plant and equipment, net $ 16,522 $ 13,593

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Information [Abstract]
Schedule Of Segment Reporting Information	Three Months Ended March 31, 2020 Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total Revenues $ 103,993 $ 61,218 $ 101,504 $ 54,782 $ - $ 321,497 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion 34,963 52,589 82,612 41,522 - 211,686 Depreciation, depletion, amortization and accretion 17,790 6,313 10,838 5,345 1,069 41,355 General and administrative expenses 14,513 5,314 7,855 13,991 23,484 65,157 Reduction in value of assets - - 4,096 12,426 - 16,522 Income (loss) from operations 36,727 ( 2,998 ) ( 3,897 ) ( 18,502 ) ( 24,553 ) ( 13,223 ) Interest income (expense), net - - - 1,173 ( 26,307 ) ( 25,134 ) Other expense - - - - ( 4,232 ) ( 4,232 ) Income (loss) from continuing operations before income taxes $ 36,727 $ ( 2,998 ) $ ( 3,897 ) $ ( 17,329 ) $ ( 55,092 ) $ ( 42,589 ) Three Months Ended March 31, 2019 Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total Revenues $ 101,079 $ 103,136 $ 103,450 $ 57,609 $ - $ 365,274 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion 42,205 81,689 79,881 36,278 - 240,053 Depreciation, depletion, amortization and accretion 23,026 11,647 14,140 6,310 1,220 56,343 General and administrative expenses 14,569 7,842 7,812 15,937 24,952 71,112 Income (loss) from operations 21,279 1,958 1,617 ( 916 ) ( 26,172 ) ( 2,234 ) Interest income (expense), net - - - 1,018 ( 26,139 ) ( 25,121 ) Other expense - - - - ( 1,612 ) ( 1,612 ) Income (loss) from continuing operations before income taxes $ 21,279 $ 1,958 $ 1,617 $ 102 $ ( 53,923 ) $ ( 28,967 )
Schedule Of Identifiable Assets	Identifiable Assets Onshore Drilling Completion Products and and Workover Production Technical Corporate and Consolidated Services Services Services Solutions Other Total March 31, 2020 $ 681,004 $ 353,331 $ 422,673 $ 309,719 $ 64,164 $ 1,830,891 December 31, 2019 $ 659,621 467,697 $ 421,848 $ 377,627 $ 66,437 $ 1,993,230
Revenue By Geographic Area	Revenues Three Months Ended March 31, 2020 2019 United States $ 214,734 $ 273,211 Other countries 106,763 92,063 Total $ 321,497 $ 365,274 Long-Lived Assets March 31, 2020 December 31, 2019 United States $ 447,308 $ 489,189 Other countries 172,709 175,760 Total $ 620,017 $ 664,949

Supplemental Guarantor Inform_2

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Guarantor Information [Abstract]
Summarized Balance Sheets Information	OBLIGOR GROUP Summarized Balance Sheets Information (in thousands) (unaudited) March 31, 2020 December 31, 2019 Current assets $ 693,625 $ 789,562 Noncurrent assets 1,087,934 1,134,238 Total assets $ 1,781,559 $ 1,923,800 Current liabilities $ 191,968 $ 261,743 Noncurrent liabilities 2,044,725 2,039,138 Total liabilities $ 2,236,693 $ 2,300,881
Summarized Statements of Operations Information	OBLIGOR GROUP Summarized Statements of Operations Information (in thousands) (unaudited) Three Months Ended March 31, 2020 Year Ended December 31, 2019 Total revenues $ 245,797 $ 1,126,456 Cost of revenues 160,926 723,451 Loss from operations before income taxes ( 37,265 ) ( 92,731 ) Income taxes ( 12,325 ) 6,102 Net loss from continuing operations ( 24,940 ) ( 98,833 ) Loss from discontinued operations, net of tax ( 47,129 ) ( 177,968 ) Net loss attributable to the obligor group $ ( 72,069 ) $ ( 276,801 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2020
Discontinued Operations [Abstract]
Components Of Income (Loss) From Discontinued Operations	Three Months Ended March 31, 2020 2019 Revenues $ 254 $ 101,902 Cost of services 5,459 90,110 Loss from discontinued operations before tax ( 59,651 ) ( 17,037 ) Loss from discontinued operations, net of income tax 47,129 ( 15,061 )
Assets And Liabilities Of Discontinued Operation	March 31, 2020 December 31, 2019 Current assets: Accounts receivable, net $ - $ 25,106 Other current assets 4,894 6,215 Total current assets $ 4,894 $ 31,321 Property, plant and equipment, net 115,363 179,144 Operating lease ROU assets 823 5,732 Total assets $ 121,080 $ 216,197 Current liabilities: Accounts payable $ 495 $ 14,370 Accrued expenses 4,335 24,751 Total current liabilities 4,830 39,121 Operating lease liabilities 2,994 5,415 Other long-term liabilities 402 402 Total liabilities $ 8,226 $ 44,938
Schedule Of Cash Flows From Discontinued Operations	Three Months Ended March 31, 2020 2019 Cash flows from discontinued operating activities: Depreciation and amortization $ - $ 26,096 Reduction in value of assets 46,358 - Cash flows from discontinued investing activities: Payments for capital expenditures $ - $ ( 14,931 ) Proceeds from sales of assets 8,449 -

Basis Of Presentation (Details)

Basis Of Presentation (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares
Basis Of Presentation [Line Items]
Stock split, conversion ratio		0.10
Common stock, shares authorized | shares	25,000,000	25,000,000
Reduction in average land righ count, percent	25.00%
Arita Energy, Inc. [Member]
Basis Of Presentation [Line Items]
Debt consent payment	$ 6,350,000
Arita Energy, Inc. [Member] | Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt consent payment	0
Original Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Debt issuance	617,900,000
Senior notes	$ 182,100,000	$ 800,000,000
Stated interest rate	7.125%	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 617,900,000
Senior notes	$ 617,900,000
Stated interest rate	7.125%	7.125%
Debt instrument, new notes as a percentage of original notes	77.24%
New Senior Unsecured Notes Due 2021 [Member] | Maximum [Member]
Basis Of Presentation [Line Items]
Debt issuance		$ 635,000,000
Arita Secured Notes [Member] | Arita Energy, Inc. [Member] | Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 0
Stated interest rate	9.75%
Superior Secured Notes [Member] | Arita Energy, Inc. [Member]
Basis Of Presentation [Line Items]
Stated interest rate	8.75%
Superior Secured Notes [Member] | Arita Energy, Inc. [Member] | Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Debt issuance	$ 0
Stated interest rate	8.75%
Termination Exchange [Member] | Arita Energy, Inc. [Member] | Results If Business Combination Is Not Conusmated [Member]
Basis Of Presentation [Line Items]
Stated interest rate	7.125%

Revenue (Narrative) (Details)

Revenue (Narrative) (Details)	3 Months Ended
	Mar. 31, 2020
Payment term	30 days
Maximum [Member]
Performance obligation satisfaction period	30 days

Revenue (Disaggregation Of Reve

Revenue (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 321,497	$ 365,274
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	103,993	101,079
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	61,218	103,136
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	101,504	103,450
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,782	57,609
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	134,678	203,939
U.S. Land [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	36,656	48,217
U.S. Land [Member] | Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	61,218	103,136
U.S. Land [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	30,667	40,666
U.S. Land [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,137	11,920
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	80,056	69,272
U.S. Offshore [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	37,224	29,067
U.S. Offshore [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,299	19,272
U.S. Offshore [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	31,533	20,933
International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	106,763	92,063
International [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	30,113	23,795
International [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	59,538	43,512
International [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 17,112	$ 24,756

Revenue (Disaggregation Of Re_2

Revenue (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 321,497	$ 365,274
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	103,993	101,079
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	61,218	103,136
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	101,504	103,450
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,782	57,609
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	180,236	239,274
Services [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	14,576	18,959
Services [Member] | Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	54,104	92,516
Services [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	82,794	87,994
Services [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	28,762	39,805
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total revenues	100,105	91,036
Rentals [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	77,829	69,958
Rentals [Member] | Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	7,114	10,620
Rentals [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,788	8,602
Rentals [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,374	1,856
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues	41,156	34,964
Product Sales [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,588	12,162
Product Sales [Member] | Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,922	6,854
Product Sales [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 19,646	$ 15,948

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory [Abstract]
Finished goods	$ 50,224	$ 45,127
Raw materials	16,151	16,130
Work-in-process	9,542	9,360
Supplies and consumables	35,038	33,322
Total	$ 110,955	$ 103,939

Notes Receivable (Details)

Notes Receivable (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Notes Receivable [Abstract]
Amount of notes receivable	$ 115
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 1.2	$ 1

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Current borrowing capacity	$ 201,200,000
Letters of Credit Outstanding, Amount	103,400,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	40,000,000	$ 25,000,000
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt issuance	617,900,000
Senior Notes	$ 182,100,000	$ 800,000,000
Stated interest rate on unsecured senior notes	7.125%	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt issuance	$ 617,900,000
Debt instrument, new notes as a percentage of original notes	77.24%
Senior Notes	$ 617,900,000
Stated interest rate on unsecured senior notes	7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt issuance	$ 500,000,000
Stated interest rate on unsecured senior notes	7.75%

Debt (Schedule Of Long Term Deb

Debt (Schedule Of Long Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt, gross	$ 1,300,000	$ 1,300,000
Unamortized debt issuance costs	(15,992)	(13,371)
Total debt, net	1,284,008	1,286,629
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 500,000	$ 500,000
Stated interest rate	7.75%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 617,888
Stated interest rate	7.125%	7.125%
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 182,112	$ 800,000
Stated interest rate	7.125%	7.125%

Decommissioning Liabilities (De

Decommissioning Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities	$ 137.7	$ 136.3

Leases (Operating Lease Expense

Leases (Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Long-term fixed lease expense	$ 7,473	$ 8,105
Long-term variable lease expense	124	87
Short-term lease expense	4,423	5,278
Total operating lease expense	$ 12,020	$ 13,470

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Leases [Abstract]
Operating lease ROU assets	$ 76,533		$ 80,906
Accrued expenses	20,509		21,072
Operating lease liabilities	57,948		62,354
Total operating lease liabilities	$ 78,457		$ 83,426
Weighted average remaining lease term	9 years		9 years
Weighted average discount rate	6.75%		6.75%
Cash paid for operating leases	$ 7,757	$ 8,742
ROU assets obtained in exchange for lease obligations	$ 1,465	$ 6,877

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 20,996
2021	21,966
2022	14,603
2023	10,996
2024	8,024
Thereafter	46,002
Total lease payments	122,587
Less imputed interest	44,130
Total	$ 78,457	$ 83,426

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 393,531	$ 1,021,300
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, net	13,144	15,499
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,156	1,372
Other long-term liabilities	18,266	23,466
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	393,531	1,021,300
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, net	13,144	15,499
Level 2 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,156	1,372
Other long-term liabilities	$ 18,266	$ 23,466

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements Used In Testing) (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Fair Value Measurements Used In Testing [Line Items]
Impairment, Property, plant and equipment, net	$ 16,522
Fair Value, Property, plant and equipment, net	$ 13,593

Segment Information (Schedule O

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total revenues	$ 321,497	$ 365,274
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	211,686	240,053
Depreciation, depletion, amortization and accretion	41,355	56,343
General and administrative expenses	65,157	71,112
Reduction in value of assets	16,522
Loss from operations	(13,223)	(2,234)
Interest income (expense), net	(25,134)	(25,121)
Other expense	(4,232)	(1,612)
Loss from continuing operations before income taxes	(42,589)	(28,967)
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Total revenues	103,993	101,079
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	34,963	42,205
Depreciation, depletion, amortization and accretion	17,790	23,026
General and administrative expenses	14,513	14,569
Loss from operations	36,727	21,279
Loss from continuing operations before income taxes	36,727	21,279
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Total revenues	61,218	103,136
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	52,589	81,689
Depreciation, depletion, amortization and accretion	6,313	11,647
General and administrative expenses	5,314	7,842
Loss from operations	(2,998)	1,958
Loss from continuing operations before income taxes	(2,998)	1,958
Production Services [Member]
Segment Reporting Information [Line Items]
Total revenues	101,504	103,450
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	82,612	79,881
Depreciation, depletion, amortization and accretion	10,838	14,140
General and administrative expenses	7,855	7,812
Reduction in value of assets	4,096
Loss from operations	(3,897)	1,617
Loss from continuing operations before income taxes	(3,897)	1,617
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	54,782	57,609
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	41,522	36,278
Depreciation, depletion, amortization and accretion	5,345	6,310
General and administrative expenses	13,991	15,937
Reduction in value of assets	12,426
Loss from operations	(18,502)	(916)
Interest income (expense), net	1,173	1,018
Loss from continuing operations before income taxes	(17,329)	102
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	1,069	1,220
General and administrative expenses	23,484	24,952
Loss from operations	(24,553)	(26,172)
Interest income (expense), net	(26,307)	(26,139)
Other expense	(4,232)	(1,612)
Loss from continuing operations before income taxes	$ (55,092)	$ (53,923)

Segment Information (Schedule_2

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Identifiable Assets	$ 1,830,891	$ 1,993,230
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	681,004	659,621
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	353,331	467,697
Production Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	422,673	421,848
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	309,719	377,627
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 64,164	$ 66,437

Segment Information (Revenue By

Segment Information (Revenue By Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 321,497	$ 365,274
Long-lived assets	620,017		$ 664,949
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	214,734	273,211
Long-lived assets	447,308		489,189
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	106,763	$ 92,063
Long-lived assets	$ 172,709		$ 175,760

Reduction in Value of Assets (D

Reduction in Value of Assets (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	$ 16,522
Valuation, Income Approach [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Goodwill impairment, Weight of valuation approach	80.00%
Valuation, Market Approach [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Goodwill impairment, Weight of valuation approach	20.00%
Production Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	$ 4,096
Technical Solutions [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	$ 12,426

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Awards, Excluding ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 3.6	$ 8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Income Taxes [Abstract]
CARES Act, Expected refund	$ 30
Unrecorded tax benefits	$ 13.2	$ 13.2

Contingencies (Details)

Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)plaintiff
Number of people involved in lawsuit | plaintiff	2
Maximum [Member]
Potential loss in lawsuit | $	$ 7.4

Supplemental Guarantor Inform_3

Supplemental Guarantor Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Unsecured Senior Notes Due 2024 [Member]
Condensed Financial Statements, Captions [Line Items]
Unsecured senior notes	$ 500,000,000
Stated interest rate on unsecured senior notes	7.75%
SESI LLC [Member]
Condensed Financial Statements, Captions [Line Items]
Subsidiary ownership	100.00%

Supplemental Guarantor Inform_4

Supplemental Guarantor Information (Summarized Balance Sheets Information) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Current assets	$ 878,737	$ 988,369
Total assets	1,830,891	1,993,230
Current liabilities	249,930	324,487
Obligor Group [Member]
Condensed Financial Statements, Captions [Line Items]
Current assets	693,625	789,562
Noncurrent assets	1,087,934	1,134,238
Total assets	1,781,559	1,923,800
Current liabilities	191,968	261,743
Noncurrent liabilities	2,044,725	2,039,138
Total liabilities	$ 2,236,693	$ 2,300,881

Supplemental Guarantor Inform_5

Supplemental Guarantor Information (Summarized Statements of Operations Information) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Total revenues	$ 321,497	$ 365,274
Cost of revenues	211,686	240,053
Loss from operations before income taxes	(42,589)	(28,967)
Income taxes	(10,254)	3,677
Net loss from continuing operations	(32,335)	(32,644)
Loss from discontinued operations, net of tax	(47,129)	(15,061)
Net loss	(79,464)	$ (47,705)
Obligor Group [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenues	245,797		$ 1,126,456
Cost of revenues	160,926		723,451
Loss from operations before income taxes	(37,265)		(92,731)
Income taxes	(12,325)		6,102
Net loss from continuing operations	(24,940)		(98,833)
Loss from discontinued operations, net of tax	(47,129)		(177,968)
Net loss	$ (72,069)		$ (276,801)

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Discontinued Operations [Abstract]
Reduction in value of assets held for sale	$ 46,358

Discontinued Operations (Compon

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of income tax	$ (47,129)	$ (15,061)
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	254	101,902
Cost of services	5,459	90,110
Loss from discontinued operations before tax	(59,651)	(17,037)
Loss from discontinued operations, net of income tax	$ 47,129	$ (15,061)

Discontinued Operations (Assets

Discontinued Operations (Assets And Liabilities Of Discontinued Operation) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	$ 121,080	$ 216,197
Total liabilities	8,226	44,938
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net		25,106
Other current assets	4,894	6,215
Total current assets	4,894	31,321
Property, plant and equipment, net	115,363	179,144
Operating lease ROU assets	823	5,732
Total assets	121,080	216,197
Accounts payable	495	14,370
Accrued expenses	4,335	24,751
Total current liabilities	4,830	39,121
Operating lease liabilities	2,994	5,415
Other long-term liabilities	402	402
Total liabilities	$ 8,226	$ 44,938

Discontinued Operations (Schedu

Discontinued Operations (Schedule Of Cash Flows From Discontinued Operations) (Details) - Pumpco [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization		$ 26,096
Reduction in value of assets	$ 46,358
Payments for capital expenditures		$ (14,931)
Proceeds from sales of assets	$ 8,449