Superior Energy Services 10-Q 30 Sep 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Sep. 28, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		19,998,695
Entity Central Index Key	0000886835
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 197,307,000	$ 188,006,000
Restricted cash - current	16,751,000
Accounts receivable, net of allowance for doubtful accounts of $0 and $24,629 at March 31, 2021 and December 31, 2020, respectively	182,519,000	183,964,000
Income taxes receivable		8,891,000
Prepaid expenses	41,666,000	36,651,000
Inventory and other current assets	105,772,000	96,141,000
Assets held for sale	41,881,000	47,635,000
Total current assets	585,896,000	561,288,000
Property, plant and equipment, net	612,597,000	542,090,000
Operating lease right-of-use assets	45,965,000	50,192,000
Goodwill	0	138,677,000
Notes receivable	73,677,000	72,612,000
Restricted cash	80,056,000	80,178,000
Intangible and other long-term assets, net	25,649,000	56,042,000
Total assets	1,423,840,000	1,501,079,000
Current liabilities:
Accounts payable	61,543,000	55,873,000
Accrued expenses	162,063,000	130,332,000
Income taxes payable	1,561,000
Current portion of decommissioning liabilities	358,000	3,765,000
Liabilities held for sale	1,177,000	4,079,000
Total current liabilities	226,702,000	194,049,000
Decommissioning liabilities	174,224,000	138,981,000
Operating lease liabilities	29,416,000	40,258,000
Deferred income taxes	54,473,000	5,288,000
Other long-term liabilities	72,969,000	125,356,000
Total non-current liabilities	331,082,000	309,883,000
Liabilities subject to compromise		1,335,794,000
Total liabilities	557,784,000	1,839,726,000
Stockholders’ equity (deficit):
Common stock		16,000
Additional paid-in capital	902,486,000	2,756,889,000
Predecessor Treasury stock at cost, 972,412 shares at December 31, 2020		(4,290,000)
Accumulated other comprehensive loss, net		(67,947,000)
Accumulated deficit	(36,630,000)	(3,023,315,000)
Total stockholders’ equity (deficit)	866,056,000	(338,647,000)
Total liabilities and stockholders’ equity (deficit)	1,423,840,000	$ 1,501,079,000
Common Class A [Member]
Stockholders’ equity (deficit):
Common stock	$ 200,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Allowance for doubtful accounts	$ 0	$ 24,629
Common stock, par value		$ 0.001
Common stock, shares authorized		25,000,000
Common stock, shares issued		15,799,318
Common stock, shares outstanding		14,826,906
Treasury Stock, Shares		972,412
Common Class A [Member]
Common stock, par value	$ 0.01
Common stock, shares authorized	50,000,000
Common stock, shares issued	19,995,581
Common stock, shares outstanding	19,995,581

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Revenues:
Total revenues	$ 56,647,000	$ 129,095,000	$ 321,497,000
Costs and expenses:
Cost of revenues	39,962,000	89,698,000	211,686,000
Depreciation, depletion, amortization and accretion	10,498,000	52,807,000	41,355,000
General and administrative expenses	12,164,000	20,937,000	65,157,000
Restructuring and other expenses	1,270,000	8,383,000
Reduction in value of assets			16,522,000
Loss from operations	(7,247,000)	(42,730,000)	(13,223,000)
Other income (expense):
Interest income (expense), net	204,000	215,000	(25,134,000)
Reorganization items, net	335,560,000	0
Other income (expense):	(2,104,000)	(2,845,000)	(4,232,000)
Income (loss) from continuing operations before income taxes	326,413,000	(45,360,000)	(42,589,000)
Income tax expense (benefit)	59,901,000	(7,852,000)	(10,254,000)
Net income (loss) from continuing operations	266,512,000	(37,508,000)	(32,335,000)
Income (loss) from discontinued operations, net of income tax	2,265,000	878,000	(47,129,000)
Net income (loss)	$ 268,777,000	$ (36,630,000)	$ (79,464,000)
Income (loss) per share -basic
Net income (loss) from continuing operations	$ 17.96	$ (1.87)	$ (2.18)
Income (loss) from discontinued operations	0.15	0.04	(3.18)
Net income (loss)	18.11	(1.83)	(5.36)
Income (loss) per share - diluted:
Net income (loss) from continuing operations	17.88	(1.87)	(2.18)
Income (loss) from discontinued operations	0.15	0.04	(3.18)
Net income (loss)	$ 18.03	$ (1.83)	$ (5.36)
Weighted-average Class A shares outstanding - basic	14,845	19,996	14,809
Weighted-average Class A shares outstanding - diluted	14,905	19,996	14,809
Services [Member]
Revenues:
Total revenues	$ 30,189,000	$ 69,801,000	$ 180,236,000
Costs and expenses:
Cost of revenues	25,182,000	58,473,000	140,199,000
Depreciation, depletion, amortization and accretion	5,564,000	28,516,000	23,159,000
Rentals [Member]
Revenues:
Total revenues	15,123,000	32,915,000	100,105,000
Costs and expenses:
Cost of revenues	6,724,000	14,280,000	40,043,000
Depreciation, depletion, amortization and accretion	2,834,000	13,466,000	12,820,000
Product Sales [Member]
Revenues:
Total revenues	11,335,000	26,379,000	41,156,000
Costs and expenses:
Cost of revenues	8,056,000	16,945,000	31,444,000
Depreciation, depletion, amortization and accretion	$ 2,100,000	$ 10,825,000	$ 5,376,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
Net income (loss)	$ 268,777	$ (36,630)	$ (79,464)
Change in cumulative translation adjustment, net of tax	67,947		(4,538)
Comprehensive income (loss)	$ 336,724	$ (36,630)	$ (84,002)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 268,777	$ (36,630)	$ (79,464)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	10,498	52,807	41,355
Deferred income taxes	54,322	(5,051)	3,882
Amortization of debt acquisition costs		82	16,522
Reduction in value of assets held for sale	(2,654)		46,358
Assets held for sale		(71)
Right-of-use assets amortization	1,372	2,544	4,373
Reorganization items, net	(354,279)
Retirement and deferred compensation plan expense, net	260	(2,007)	3,584
Bad debt	(210)	(4,398)
Gain on sale of assets and businesses	58	(2,673)
Other reconciling items, net	(307)	(710)	1,776
Changes in operating assets and liabilities:
Accounts receivable	3,602	2,414	(3,448)
Prepaid expenses	(340)	(4,625)	4,129
Inventory and other current assets	(221)	2,496	(2,077)
Accounts payable	(2,365)	4,592	(17,086)
Accrued expenses	24,425	9,857	(20,540)
Income taxes	340	5,134	(28,479)
Operating lease liabilities and other, net	2,105	(2,360)	(3,125)
Net cash provided by (used in) operating activities	5,383	21,401	(32,240)
Cash flows from investing activities:
Payments for capital expenditures	(3,035)	(4,119)	(18,563)
Proceeds from sales of assets	775	7,148	33,045
Net cash provided by (used in) investing activities	(2,260)	3,029	14,482
Cash flows from financing activities:
Credit facility costs	(1,920)	(14)
Tax withholdings for vested restricted stock units			(208)
Net cash used in financing activities	(1,920)	(14)	(208)
Effect of exchange rate changes on cash	311		(2,428)
Net change in cash, cash equivalents, and restricted cash	1,514	24,416	(20,394)
Cash, cash equivalents, and restricted cash at beginning of period	268,184	269,698	275,388
Cash, cash equivalents, and restricted cash at end of period	$ 269,698	$ 294,114	$ 254,994

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, 2019	$ 16	$ 2,752,859	$ (4,290)	$ (71,927)	$ (2,627,085)	$ 49,573
Beginning balance, shares at Dec. 31, 2019	15,689,463
Net income (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
Balances at Dec. 31, 2020	$ 16	2,756,889	(4,290)	(67,947)	(3,023,315)	(338,647)
Beginning balance, shares at Dec. 31, 2020	15,799,318
Net income (loss)					268,777	268,777
Foreign currency translation adjustment				$ 67,947		67,947
Extinguishment of unrecognized compensation expense		988				988
Stock-based compensation expense, net of forfeitures		935				935
Restricted stock units vested, shares	48,903
Shares withheld and retired, shares	(14,701)
Cancellation of Predecessor equity, value	$ (16)	(2,758,812)	$ 4,290		2,754,538
Cancellation of Predecessor equity, shares	(15,833,520)
Issuance of Successor Class A common stock, value	$ 200	902,486				902,686
Issuance of Successor Class A common stock, shares	19,995,581
Balances at Feb. 02, 2021	$ 200	902,486				902,686
Ending balance, shares at Feb. 02, 2021	19,995,581
Net income (loss)					(36,630)	(36,630)
Balances at Mar. 31, 2021	$ 200	$ 902,486			$ (36,630)	$ 866,056
Ending balance, shares at Mar. 31, 2021	19,995,581

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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. As used herein, the “Company,” “we,” “us” and similar terms refer to (i) prior to the Emergence Date (as defined below), SESI Holdings, Inc. (formerly known as Superior Energy Services, Inc.) (the “Former Parent”) and its subsidiaries and (ii) after the Emergence Date, Superior Energy Services, Inc. (formerly known as Superior Newco, Inc.) and its subsidiaries. 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, 2020. As described below, as a result of the application of fresh start accounting and the effects of the implementation of our Plan (as defined below), the financial statements after the Emergence Date are not comparable with the consolidated financial statements on or before that date. Refer to Note 3 – “Fresh Start Accounting” below for additional information. In the opinion of the Company, the accompanying unaudited condensed financial statements contain all adjustments, consisting primarily of normal recurring adjustments, necessary for a fair statement of its financial position as of March 31, 2021, and its results of operations for the three months ended March 31, 2021 and 2020, and cash flows for the three months ended March 31, 2021, and 2020. The condensed balance sheet at December 31, 2020, was derived from audited annual financial statements but does not contain all the footnote disclosures from the annual financial statements. See “Changes in Accounting Policies” below for further information. The year-end condensed consolidated balance sheet for the Predecessor (as defined below) was derived from audited financial statements but does not include all disclosures required by GAAP. Effective as of February 2, 2021 (the “Emergence Date”), the entity now known as Superior Energy Services, Inc. (formerly known as Superior Newco, Inc.) became the successor reporting company to the Former Parent pursuant to Rule 15d-5 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Between December 7, 2020 (the “Petition Date”) and the Emergence Date, the Company operated as a debtor-in-possession under the supervision of the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Bankruptcy Court”). For financial reporting purposes, close of business on February 2, 2021 represents the date of the Company’s emergence from bankruptcy. As used herein, the following terms refer to the Company and its operations: "Predecessor" The Company, prior to the Emergence Date "Current Predecessor Period" The Company's operations, January 1, 2021 – February 2, 2021 "Prior Predecessor Quarter" The Company's operations, January 1, 2020 - March 31, 2020 "Successor" The Company, after the Emergence Date "Successor Period" The Company's operations, February 3, 2021 - March 31, 2021 The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure. Recent Developments Voluntary Reorganization Under Chapter 11 of the Bankruptcy Code On December 4, 2020, the Former Parent and certain of its direct and indirect wholly-owned domestic subsidiaries (together with the Former Parent, the “Affiliate Debtors”) entered into an Amended and Restated Restructuring Support Agreement (the “Amended RSA”) that amended and restated in its entirety the Restructuring Support Agreement, dated September 29, 2020, with certain holders of SESI, L.L.C.’s (“SESI”) outstanding (i) 7.125 % senior unsecured notes due 2021 (the “7.125 % Notes”) and (ii) 7.750 % senior unsecured notes due 2024 (the “7.750 % Notes”). The parties to the Amended RSA agreed to the principal terms of a proposed financial restructuring of the Affiliate Debtors, which was implemented through the Plan (as defined below). On December 7, 2020, the Affiliate Debtors filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the Bankruptcy Court, and, in connection therewith, the Affiliate Debtors filed with the Bankruptcy Court the proposed Joint Prepackaged Plan of Reorganization under the Bankruptcy Code (as amended, modified or supplemented from time to time, the “Plan”). On January 19, 2021, the Bankruptcy Court entered an order, Docket No. 289, confirming and approving the Plan. On the Emergence Date, the conditions to effectiveness of the Plan were satisfied or waived and we emerged from Chapter 11. On the Emergence Date, the Company qualified for and adopted fresh start accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 852 – Reorganizations (ASC 852), which specifies the accounting and financial reporting requirements for entities reorganizing through Chapter 11 bankruptcy proceedings. The application of fresh start accounting resulted in a new basis of accounting and the Company becoming a new entity for financial reporting purposes. As a result of the implementation of the Plan and the application of fresh start accounting, these unaudited condensed consolidated financial statements after the Emergence Date are not comparable to the consolidated financial statements before that date and the historical financial statements on or before the Emergence Date are not a reliable indicator of its financial condition and results of operations for any period after the Company’s adoption of fresh start accounting. The accompanying unaudited condensed consolidated financial statements have been prepared as if the Company is a going concern and in accordance with ASC 852. During the Current Predecessor Period, the Predecessor applied ASC 852 in preparing the unaudited condensed consolidated financial statements, which requires distinguishing transactions associated with the reorganization separate from activities related to the ongoing operations of the business. Accordingly, pre-petition liabilities that could have been impacted by the Chapter 11 Cases were classified as liabilities subject to compromise. Additionally, certain expenses, realized gains and losses and provisions for losses that were realized or incurred during and directly related to the Chapter 11 Cases, including fresh start valuation adjustments and gains on liabilities subject to compromise were recorded as reorganization items, net in the condensed consolidated statements of operations in the Current Predecessor Period. See Note 2 – “Emergence from Voluntary Reorganization under Chapter 11” for more information on the events of the Chapter 11 Cases as well as the accounting and reporting impacts of the reorganization during the Current Predecessor Period. Use of Estimates — In preparing the accompanying financial statements, the Company makes various estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities reported as of the dates of the balance sheets and the amounts of revenues and expenses reported for the periods shown in the income statements and statements of cash flows. All estimates, assumptions, valuations and financial projections related to fresh start accounting, including the fair value adjustments, the enterprise value and equity value projections, are inherently subject to significant uncertainties and the resolution of contingencies beyond our control. Accordingly, we cannot assure you that the estimates, assumptions, valuations or financial projections will be realized, and actual results could vary materially. For information about the use of estimates relating to fresh start accounting, see – Note 3 – “Fresh Start Accounting” below. Due to the lack of comparability with historical financials, the Company’s unaudited consolidated condensed financial statements and related footnotes are presented with a “black line” division to emphasize the lack of comparability between amounts presented as of and after February 2, 2021 (the “Fresh Start Reporting Date”) and amounts presented for all prior periods. The Successor’s financial results for future periods following the application of fresh start accounting will be different from historical trends and the differences may be material. Changes in Accounting Policies Accounting policies are disclosed in the Predecessor Company’s Annual Report on Form 10-K. As of the Emergence Date, the amounts for these accounts have been recorded at fair value. After the Emergence Date, the Company will continue to follow the accounting policies within the Predecessor Company’s Annual Report on Form 10-K except for the policies discussed below. As part of the adoption of fresh start accounting and effective upon emergence from bankruptcy, the Company has adopted new presentations for certain items within our condensed consolidated balance sheets and statement of operations. The presentation changes are described below: The functional currency of certain international subsidiaries changed from the local currency to US dollars. This brings alignment so that the entire Company’s functional currency is US dollars. Management considered the economic factors outlined in FASB ASC Topic No. 830 - Foreign Currency Matters in the determination of the functional currency. Management concluded that the predominance of factors support the use of the Successor parent’s currency as the functional currency and resulted in a change in functional currency to US dollars for all international subsidiaries. The reportable segments were changed to Global and North America. Reportable segments in the Predecessor Company’s Annual Report on Form 10-K were Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Technical Solutions. The Predecessor recognized bad debt expense and gains/losses on sales of assets within general and administrative expenses. The Successor recognizes these expenses within cost of revenues. See Note 3 – “Fresh Start Accounting” for additional information. Additional Detail of Account Balances Restricted Cash — The restricted cash balance included in current assets as of March 31, 2021 reflects the Professional Fees Escrow and General Unsecured Creditors Escrow balance of $ 16.8 million that will be released as amounts are paid in accordance with the Plan. Restricted cash as of March 31, 2021 primarily represents cash of $ 77.4 million held in a collateral account for the payment and performance of secured obligations including the reimbursement of letters of credit, and $ 2.6 million relates to cash held in escrow to secure the future decommissioning obligations related to the sole oil and gas property .

Emergence from Voluntary Reorga

Emergence from Voluntary Reorganization under Chapter 11	3 Months Ended
	Mar. 31, 2021
Emergence from Voluntary Reorganization under Chaper 11 [Abstract]
Emergence from Voluntary Reorganization under Chapter 11	(2) Emergence from Voluntary Reorganization under Chapter 11 Plan of Reorganization under Chapter 11 of the Bankruptcy Code On December 7, 2020, the Affiliate Debtors commenced the Chapter 11 Cases as described in Note 1 – “Basis of Presentation” above. After commencement of the Chapter 11 Cases, the Affiliate Debtors continued to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Executory Contracts Subject to certain exceptions, under the Bankruptcy Code, the Affiliate Debtors could assume, assign, or reject certain executory contracts and unexpired leases subject to the approval of the Bankruptcy Court and certain other conditions. Generally, the rejection of an executory contract or unexpired lease is treated as a pre-petition breach of such executory contract or unexpired lease and, subject to certain exceptions, relieves the debtors from performing their future obligations under such executory contract or unexpired lease but entitles the contract counterparty or lessor to a pre-petition general unsecured claim for damages caused by such deemed breach. Generally, the assumption of an executory contract or unexpired lease requires the Debtors to cure existing monetary defaults under such executory contract or unexpired lease and provide adequate assurance of future performance. Bankruptcy Claims During the Chapter 11 Cases, the Affiliate Debtors filed with the Bankruptcy Court schedules and statements setting forth, among other things, the assets and liabilities of each of the Affiliate Debtors, subject to the assumptions filed in connection therewith. Certain holders of pre-petition claims that were not governmental units were required to file proofs of claim by the bar date of January 7, 2021. As of September 24, 2021, the Affiliate Debtors’ have received approximately 646 proofs of claim, primarily representing general unsecured claims, for an amount of approximately $ 1.7 billion. The Bankruptcy Court does not allow for claims that have been acknowledged as duplicates. Approximately 562 claims totaling approximately $ 1.4 billion have been withdrawn, disallowed or are pending approval to be disallowed. Differences in amounts recorded and claims filed by creditors are currently being investigated and resolved, including through filing objections with the Bankruptcy Court, where appropriate. The Company may ask the Bankruptcy Court to disallow claims that the Company believes are duplicative, have been later amended or superseded, are without merit, are overstated or should be disallowed for other reasons. In light of the substantial number of claims filed, the claims resolution process may take considerable time to complete and is continuing even after the Affiliate Debtors emerged from bankruptcy. As a result of the ongoing claims resolution process post-emergence, the Affiliate Debtors agreed to allow certain claims in the amount of $ 232.0 million classified per the Plan of Reorganization as Class 6 General Unsecured Claims against the Parent. Each holder of a Class 6 claim receives their pro rata share of the $ 125,000 general unsecured claim cash pool described below. Per ASC 852-10, liabilities are measured at their allowed claim amount, and the result of allowing these claims increased liabilities subject to compromise prior to emergence. The resolution of these Class 6 claims is considered in the $ 125,000 cash pool as part of the emergence transaction. On the Emergence Date, the conditions to effectiveness of the Plan were satisfied or waived and the Company emerged from Chapter 11. On the Emergence Date and pursuant to the Plan:  Administrative expense claims, priority tax claims, other priority claims and other secured claims were paid or will be paid in full in the ordinary course (or receive such other treatment rendering such claims unimpaired);  General unsecured creditors for the Affiliate Debtors remained unimpaired and received payment in cash, in full, in the ordinary course;  General unsecured creditors for the Former Parent receive their pro rata share of a cash pool in the amount of $ 125,000 ;  Eligible holders of the claims arising as a result of holding either the 7.125 % Notes or the 7.750 % Notes against the Affiliate Debtors received their pro rata share of:  A payment equal to 2 % of the principal amount of 7.125 % Notes or 7.750 % Notes held by all holders who did not opt of receiving a cash payout; or  Solely to the extent that such a holder timely and validly elected to opt out of receiving the cash payout, (A) 100 % of the Class A common stock issued and outstanding on the Emergence Date, subject to dilution, and (B), to the extent such holder was an “accredited investor” or “qualified institutional buyer” within the meaning of the SEC’s rules, subscription rights to participate in an equity rights offering (the “Equity Rights Offering”);  The Affiliate Debtors conducted the Equity Rights Offering through an offering of subscription rights for the purchase of Class A common stock on a pro rata basis; and  Prior parent equity interests and common stock of the Affiliate Debtors were cancelled and new Class A common stock was issued to settle claims arising as a result of holding either the 7.125 % Notes or the 7.750 % Notes, as noted above. The costs of efforts to restructure the Company’s capital, prior to and during the Chapter 11 Cases, along with all other costs incurred in connection with the Chapter 11 Cases, have been material. On the Emergence Date, pursuant to the terms of the Plan, the Company filed an amended and restated certificate of incorporation (the “Certificate of Incorporation”) and a certificate of amendment of the amended and restated certificate of incorporation (the “Certificate of Amendment”). Also, on the Emergence Date, and pursuant to the terms of the Plan, the Company adopted amended and restated bylaws (the “Bylaws”). The descriptions of the Certificate of Incorporation and the Bylaws are qualified in their entirety by reference to the full texts of the Certificate of Incorporation, Bylaws, and Certificate of Amendment.

Fresh Start Accounting

Fresh Start Accounting	3 Months Ended
	Mar. 31, 2021
Fresh Start Accounting [Abstract]
Fresh Start Accounting	(3) Fresh Start Accounting Fresh Start Accounting In connection with the emergence from bankruptcy and in accordance with ASC 852, the Company qualified for and adopted fresh start accounting on the Emergence Date because (1) the holders of the then existing common shares of the Predecessor received less than 50 percent of the new common shares of the Successor outstanding upon emergence and (2) the reorganization value of the Predecessor’s assets immediately prior to confirmation of the Plan of $ 1,456.8 million was less than the total of all post-petition liabilities and allowed claims of $ 2,076.1 million. In accordance with ASC 852, upon adoption of fresh start accounting, the reorganization value derived from the enterprise value as disclosed in the Plan was allocated to the Company’s assets and liabilities based on their fair values (except for deferred income taxes) in accordance with FASB ASC Topic No. 805 - Business Combinations (ASC 805) and FASB ASC Topic No. 820 - Fair Value Measurements (ASC 820). The reorganization value represents the fair value of the Successor’s assets before considering certain liabilities and is intended to represent the approximate amount a willing buyer would pay for the Company’s assets immediately after reorganization. The amount of deferred income taxes recorded due to the fair value adjustments to assets and liabilities was determined in accordance with FASB ASC Topic No. 740 - Income Taxes. Reorganization Value The reorganization value represents the fair value of the Successor’s total assets before considering certain liabilities and is intended to approximate the amount a willing buyer would pay for the Successor’s assets immediately after restructuring. The Plan confirmed by the Bankruptcy Court estimated a range of enterprise values between $ 710.0 million and $ 880.0 million. The following table reconciles the enterprise value to the reorganization value of Successor’s assets that has been allocated to the Company’s individual assets as of the Fresh Start Reporting Date (in thousands): Fresh Start Reporting Date Selected Enterprise Value within Bankruptcy Court Range $ 729,918 Plus: Cash and cash equivalents 172,768 Plus: Liabilities excluding the decommissioning liabilities 380,496 Plus: Decommissioning liabilities 173,622 Reorganization Value 1,456,804 Management determined the enterprise and corresponding equity value of the Successor using various valuation methods, including (i) discounted cash flow analysis (“DCF”), (ii) comparable company analysis and (iii) precedent transaction analysis. The use of each approach provides corroboration for the other approaches. In order to estimate the enterprise value using the DCF analysis approach, management’s estimated future cash flow projections, plus a terminal value which was calculated by applying a multiple based on the Company’s internal rate of return (“IRR”) of 17.6 % and a perpetuity growth rate of 3.0 % to the terminal year’s projected earnings before interest, tax, depreciation and amortization (“EBITDA”). These estimated future cash flows were then discounted to an assumed present value using our estimated weighted-average cost of capital, which is represented by the Company’s IRR. The comparable company analysis provides an estimate of a Company’s value relative to other publicly traded companies with similar operating and financial characteristics, by which a range of EBITDA multiples of the comparable companies was then applied to management’s projected EBITDA to derive an estimated enterprise value. Precedent transaction analysis provides an estimate of enterprise value based on recent sale transactions of similar companies, by deriving the implied EBITDA multiple of those transactions, based on sales prices, which was then applied to management’s projected EBITDA. The enterprise value and corresponding equity value are dependent upon achieving the future financial results set forth in our valuations, as well as the realization of certain other assumptions. All estimates, assumptions, valuations and financial projections, including the fair value adjustments, the enterprise value and equity value projections, are inherently subject to significant uncertainties and the resolution of contingencies beyond our control. Accordingly, we cannot assure you that the estimates, assumptions, valuations or financial projections will be realized, and actual results could vary materially. Valuation Process The reorganization value was allocated to the Successor’s reporting segments using the discounted cash flow approach. The reorganization value was then allocated to the Successor’s identifiable assets and liabilities using the fair value principle as contemplated in ASC 820. The specific approach, or approaches, used to allocate reorganization value by asset class are noted below. Inventory The fair value of the inventory was determined by using both a cost approach and income approach. Inventory was segregated into raw materials, spare parts, work in process (“WIP”), and finished goods. Fair value of raw materials and spare parts inventory were determined using the cost approach. Fair value of finished goods and WIP inventory were determined by using the net realizable value approach. The fair value of finished goods was measured using an estimate of the costs to sell or dispose of the inventory plus a reasonable profit allowance on those efforts adjusted for holding costs. The fair value of WIP was measured using an estimate of the costs to complete and sell or consume the inventory plus a reasonable profit allowance on those efforts adjusted for holding costs. Property, Plant and Equipment Real Property The fair values of real property locations were estimated using the sales comparison (market) approach and cost approach. As part of the valuation process, information was obtained on the Successor’s current usage, building type, year built, and cost history for all properties valued. In determining the fair value and remaining useful life for real property assets, functional and economic obsolescence was considered and taken as an adjustment at the asset level. Tangible Assets Excluding Real Property and Oil and Gas Assets The fair values of the Company’s tangible assets were calculated using either the cost or market approach. For most tangible asset categories, a cost approach was utilized relying on purchase year, historic costs, and industry/equipment based trend factors to determine replacement cost new of the assets. Readily available market transaction data was used and adjusted for current market conditions for asset categories with active secondary markets such as heavy trucks and computer equipment. In both approaches, consideration was made for the effects of physical deterioration as well as functional and economic obsolescence in determining both estimates of fair value and the remaining useful lives of the assets. Oil and Gas Assets The oil and gas assets were valued as of January 31, 2021, for the purposes of the February 2, 2021 condensed consolidated balance sheet, using estimates of the reserve volumes and associated income data based on escalated price and cost parameters. Decommissioning Liabilities In accordance with FASB ASC Topic No. 410 – Asset Retirement and Environmental Obligations (“ASC 410”), the asset retirement obligations associated with the Successor’s oil and gas assets were valued using the income approach. Estimates were used for future retirement costs and the expected time to retirement, then adjusted for an estimated inflation rate over the time period prior to retirement and discounted future cash outflows by a credit adjusted risk-free rate of 5.6 %. As such, the Successor changed its presentation to consolidate the fair value of the Predecessor’s decommissioning liabilities previously recorded to other long-term liabilities into the Successor’s decommissioning liabilities. Internally-Developed Software Internally-developed software was valued using the cost approach in which a replacement cost was estimated based on the software developer time, materials, and other supporting services required to replicate the software. Intangible Assets Intangible assets were identified apart from goodwill using the guidance provided in ASC 805. Intangible assets that were identified as either separable or arose from contract or other legal rights were valued using either the cost or income approaches. The principal intangible assets identified were trademarks and patents. Trademarks and patents were valued using the relief from royalty method in which the subject intangible asset is valued by reference to the amount of royalty income it could generate if it was licensed in an arm’s length transaction to a third party. Lease Liabilities and Right of Use Assets The fair value of lease liabilities was measured as the present value of the remaining lease payments, as if the lease were a new lease as of the Fresh Start Reporting Date. The Successor used its incremental borrowing rate of 5.3 % commensurate with the Successor's capital structure as the discount rate in determining the present value of the remaining lease payments. Consolidated Successor Balance Sheet The adjustments included in the following fresh start consolidated condensed balance sheet as of February 2, 2021 reflect the effects of the transactions contemplated by the Plan and executed by the Successor on the Fresh Start Reporting Date (reflected in the column Reorganization Adjustments), and fair value and other required accounting adjustments resulting from the adoption of fresh start accounting (reflected in the column Fresh Start Adjustments). The explanatory notes provide additional information with regard to the adjustments recorded, the methods used to determine the fair values and significant assumptions. The consolidated condensed balance sheet as of the Fresh Start Reporting Date was as follows (in thousands): As of February 2, 2021 Predecessor Reorganization Adjustments Fresh Start Adjustments Successor ASSETS Current assets: Cash and cash equivalents $ 194,671 $ ( 21,903 ) (1) $ - $ 172,768 Restricted cash - current - 16,751 (2) - 16,751 Accounts receivable, net of allowance for doubtful accounts 180,525 11 (3) - 180,536 Income taxes receivable 9,146 - ( 170 ) (16) 8,976 Prepaid expenses 37,041 - - 37,041 Inventory and other current assets 99,843 - 8,426 (17) 108,269 Assets held for sale 47,120 - ( 2,126 ) (18) 44,994 Total current assets 568,346 ( 5,141 ) 6,130 569,335 Property, plant and equipment, net of accumulated depreciation and depletion 533,147 - 125,120 (19) 658,267 Operating lease right-of-use assets 48,733 - 1,785 (20) 50,518 Goodwill 138,934 - ( 138,934 ) (21) - Notes receivable 72,967 - - 72,967 Restricted cash - non-current 80,179 - - 80,179 Intangible and other long-term assets, net of accumulated amortization 55,105 ( 10,080 ) (4) ( 19,487 ) (22) 25,538 Total assets $ 1,497,411 $ ( 15,221 ) $ ( 25,386 ) $ 1,456,804 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable $ 55,546 $ ( 700 ) (5) $ - $ 54,846 Accrued expenses 143,697 9,812 (6) 2,026 (23) 155,535 Current portion of decommissioning liabilities 3,776 - ( 3,418 ) (24) 358 Liabilities held for sale 552 844 (7) - 1,396 Total current liabilities 203,571 9,956 ( 1,392 ) 212,135 Decommissioning liabilities 139,503 - 33,761 (25) 173,264 Operating lease liabilities 32,735 - ( 405 ) (26) 32,330 Deferred income taxes 4,853 3,100 (8) 51,569 (27) 59,522 Other long-term liabilities 122,691 - ( 45,824 ) (28) 76,867 Total non-current liabilities 299,782 3,100 39,101 341,983 Liabilities subject to compromise 1,572,772 ( 1,572,772 ) (9) - - Total liabilities 2,076,125 ( 1,559,716 ) 37,709 554,118 Stockholders’ equity (deficit): Predecessor common stock $0.001 par value 16 ( 16 ) (10) - - Predecessor Additional paid-in capital 2,757,824 ( 2,757,824 ) (11) - - Predecessor Treasury stock at cost ( 4,290 ) 4,290 (12) - - Successor Class A common stock $0.001 par value - 200 (13) - 200 Successor Additional paid-in capital - 902,486 (14) - 902,486 Accumulated other comprehensive loss, net ( 67,532 ) - 67,532 (29) - Accumulated deficit ( 3,264,732 ) 3,395,359 (15) ( 130,627 ) (30) - Total stockholders’ equity (deficit) ( 578,714 ) 1,544,495 ( 63,095 ) 902,686 Total liabilities and stockholders’ equity (deficit) $ 1,497,411 $ ( 15,221 ) $ ( 25,386 ) $ 1,456,804 Reorganization Adjustments (in thousands) ( 1) Changes in cash and cash equivalents included the following: Payment of debtor in possession financing fees ( 183 ) Payment of professional fees at the Emergence Date ( 2,649 ) Payment of lease rejection damages classified as liabilities subject to compromise ( 400 ) Transfers from cash to restricted cash for Professional Fees Escrow and General Unsecured Creditors Escrow ( 16,751 ) Payment of debt issuance costs for the Credit Facility ( 1,920 ) Net change in cash and cash equivalents ( 21,903 ) ( 2) Changes to restricted cash - current included the following: Transfer from cash for Professional Fee Escrow 16,626 Transfer from cash for General Unsecured Creditors Escrow 125 Net change in restricted cash - current 16,751 ( 3) Changes of $ 11 to accounts receivable reflect a receivable from the solicitor for excess proceeds received during the Rights Offering. (4 ) Changes to intangibles and other long-term assets included the following: Write-off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Capitalization of debt issuance costs associated with the Credit Facility 1,920 Net change in intangibles and other long-term assets ( 10,080 ) (5 ) Changes to accounts payable included the following: Payment of professional fees at the Emergence Date ( 2,649 ) Professional fees recognized and payable at the Emergence Date 1,949 Net change in accounts payable ( 700 ) (6 ) Changes in accrued liabilities include the following: Payment of debtor in possession financing fees ( 183 ) Accrual of professional fees 6,500 Accrual for transfer taxes 1,900 Reinstatement of lease rejection liabilities to be settled post-emergence 1,470 Accrual of general unsecured claims against parent 125 Net change in accrued liabilities 9,812 (7 ) Changes in liabilities held for sale reflect the fair value reinstatement of rejected leases claims related to PumpCo to be settled post-emergence. (8 ) Changes in deferred income taxes are due to reorganization adjustments. (9 ) The resulting gain on liabilities subject to compromise was determined as follows: Prepetition 7.125 % and 7.750 % notes including accrued interest and unpaid interest 1,335,794 Rejected lease liability claims 4,956 Allowed Class 6 General Unsecured Claims against Parent 232,022 Liabilities subject to compromise settled in accordance with the Plan 1,572,772 Reinstatement of accrued liabilities for lease rejection claims ( 1,470 ) Reinstatement of liabilities held for sale for Pumpco lease claims ( 844 ) Payment to settle lease rejection claims ( 400 ) Cash proceeds from rights offering 963 Cash payout provided to cash opt-in noteholders ( 952 ) Cash Pool to settle GUCs against Parent ( 125 ) Issuance of common stock to prepetition noteholders, incremental to rights offering (par value) ( 193 ) Additional paid-in capital attributable to successor common stock issuance ( 869,311 ) Successor common stock issued to cash opt-out noteholders in the rights offering (par value) ( 7 ) Additional paid-in capital attributable to rights offering shares ( 33,175 ) Gain on settlement of liabilities subject to compromise 667,258 The Equity Rights Offering generated $ 963 in proceeds used to settle $ 952 in Cash Opt-in Noteholder claims. The Equity Rights Offering shares were offered at a price of $ 1.31 /share to Cash Opt-out Noteholders. As such, the Equity Rights Offering shares generated the $ 963 in cash proceeds from the share issuance as well as an implied discount to the Cash Opt-in claimants of $ 32.2 million, recorded as a loss on share issuance in reorganization items, net. The loss on the Equity Rights Offering share issuance is offset by the gain on share issuance of $ 32.2 million implied by the issuance of shares to settle Cash Opt-out Noteholder claims at a value of $ 46.82 /share compared to the reorganization value implied share price of $ 45.14 /share. (10 ) Changes of $ 16 in Predecessor common stock reflect the cancellation of the Predecessor’s common stock. (11 ) Changes in Predecessor additional paid-in capital (APIC) include the following: Extinguishment of APIC related to Predecessor's outstanding equity interests ( 2,758,812 ) Extinguishment of RSUs for the Predecessor's incentive plan 988 Net change in Predecessor's additional paid-in capital ( 2,757,824 ) (12 ) Reflects $ 4.3 million cancellation of Predecessor treasury stock held at cost. (13 ) Changes in the Successor’s Class A common stock include the following: Issuance of successor Class A common stock to prepetition noteholders, incremental to rights offering (par value) 193 Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value) 7 Net change in Successor Class A common stock 200 (14 ) Changes in Successor additional paid-in capital include the following: Additional paid-in capital (Successor Class A common stock) 869,311 Additional paid-in capital (rights offering shares) 33,175 Net change in Successor additional paid-in capital 902,486 (15 ) Changes to retained earnings (deficit) include the following: Gain on settlement of liabilities subject to compromise 667,258 Accrual for transfer tax ( 1,900 ) Extinguishment of RSUs for Predecessor incentive plan ( 988 ) Adjustment to net deferred tax liability taken to tax expense ( 3,100 ) Professional fees earned and payable as a result of consummation of the Plan of Reorganization ( 8,449 ) Write-off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Extinguishment of Predecessor equity (par value, APIC, and treasury stock) 2,754,538 Net change in retained earnings (deficit) 3,395,359 Fresh Start Adjustments (in thousands) (16 ) Changes of $ 170 in income tax receivable reflects the decrease to current deferred tax assets due to the adoption of fresh start accounting. (17 ) Changes in inventory and other current assets included the following: Fair value adjustment to inventory - North America Segment 1,097 Fair value adjustment to inventory - Global Segment 12,137 Adjustment to Predecessor decommissioning balances due to the adoption of fresh start accounting ( 3,498 ) Fair value adjustment to other current assets ( 1,310 ) Net change in inventory and other current assets due to the adoption of fresh start accounting 8,426 (18 ) Changes of $ 2.1 million in assets held for sale reflect a fair value adjustment to real property. (19 ) Changes of $ 125.1 million to property, plant and equipment reflect the fair value adjustment. Successor Fair Value Predecessor Book Value Land, Buildings, and Associated Improvements 150,089 281,989 Machinery and Equipment 374,643 1,605,074 Rental Services Equipment 92,861 617,762 Other Depreciable or Depletable Assets 35,762 49,242 Construction in Progress 4,912 4,912 658,267 2,558,979 Less: Accumulated Depreciation and Depletion - ( 2,025,832 ) Property, Plant and Equipment, net 658,267 533,147 (20 ) Reflects $ 1.8 million due to the fair value adjustment increasing operating lease right-of-use assets. (21 ) Changes of $ 138.9 million to goodwill reflect the derecognition of the Predecessor’s goodwill due to the adoption of fresh start accounting. (22 ) The fair value changes of $ 0.2 million to intangibles assets are reflected in the table below: Successor Fair Value Predecessor Net Book Value Customer Relationships - 4,455 Trade Names 4,898 2,268 Patents 2,120 447 Intangible Assets, Net 7,018 7,170 Reduction of other long-term assets was due to the adoption of fresh start accounting and include $ 19.3 million in decommissioning liabilities related to Predecessor long-term assets fair valued and presented in the Successor’s property, plant, and equipment. (23 ) Changes of $ 2.0 million to accrued expenses reflect the fair value adjustment increasing the current portion of operating lease liabilities. (24 ) Reflects the $ 3.4 million fair value adjustment decreasing the current portion of decommissioning liabilities. (25 ) Reflects the $ 33.8 million fair value adjustment increasing the non-current portion of decommissioning liabilities. (26 ) Reflects the $ 0.4 million fair value adjustment decreasing the non-current portion of operating lease liabilities. (27 ) Reflects the $ 70.4 million increase of deferred tax liabilities netted against an $18.8 million increase in realizable deferred tax assets due to the adoption of fresh start accounting. (28 ) Changes of $ 45.8 million in other long-term liabilities reflects the reclassification of amounts associated with the Predecessor’s decommissioning liability balances that were fair valued and presented in the Successor’s decommissioning liabilities, as well as an increase in FIN48 liabilities of $ 1.5 million. (29) Changes to accumulated other comprehensive loss reflect the elimination of Predecessor currency translation adjustment balances due to the adoption of fresh start accounting on Predecessor currency translation adjustment balances. (30 ) Changes reflect the cumulative impact of fresh start accounting adjustments discussed above and the elimination of the Predecessor’s accumulated other comprehensive loss and the Predecessor’s accumulated deficit. Fresh start valuation adjustments ( 77,376 ) Adjustment to net deferred tax liability taken to tax expense ( 53,251 ) Net impact to accumulated other comprehensive loss and accumulated deficit ( 130,627 ) Reorganization Items, net The Predecessor incurred costs associated with the reorganization, primarily unamortized debt issuance costs, expenses related to rejected leases and post-petition professional fees. In accordance with applicable guidance, costs associated with the Chapter 11 Cases have been recorded as reorganization items, net within the accompanying consolidated statement of operations for the Current Predecessor Period ended February 2, 2021. Reorganization items, net was zero for the Successor Period, with zero cash used in operating activities during the Successor Period. Reorganization items, net was $ 335.6 million for the Current Predecessor Period, with $ 3.1 million representing cash used in operating activities during the Current Predecessor Period, $ 2.7 million and $ 0.4 million paid for professional fees and to settle lease rejection damages, respectively. Predecessor For the Period January 1, 2021 through February 2, 2021 Gain on settlement of liabilities subject to compromise $ 667,258 Allowed claim adjustment for Class 6 claims ( 232,022 ) Fresh Start valuation adjustments ( 77,376 ) Professional fees ( 16,005 ) Predecessor lease liabilities rejected per the Plan 13,347 Write off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Lease rejection damages ( 4,956 ) Extinguishment of RSU's for the Predecessor's incentive plan ( 988 ) Other items ( 1,698 ) Total reorganization items, net $ 335,560 Restructuring and other expenses The Company has embarked on a transformation project as part of its emergence from bankruptcy to reconfigure its operations and organization to maximize shareholder value and margin growth. The project is focused around three sequential phases:  Business Unit Review – Analyzing strategic changes that emphasize product optimization and margin enhancement to maximize the cash flow profile of the Company’s business units and focus on the Company’s core competencies;  Geographic Focus – Review the Company’s footprint and improve capital efficiency by focusing on low-risk, high reward geographies to maximize returns; and  Right Size Support – Streamline support to match optimized business units that represent the Company’s core portfolio and consolidate its operational footprint to align the size of the Company’s operations with current demand to provide a superior value proposition and exhibit capital discipline. In connection with this initiative, during the three months ended March 31, 2021, we incurred costs of $ 8.4 million in the Successor Period and $ 1.3 million in the Current Predecessor Period, which primarily relate to professional fees and separation costs related to former executives and personnel.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2021
Revenue [Abstract]
Revenue	(4) 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 FASB Accounting Standards Update 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 selling prices are determined based on prices 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 the 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 be one year or less. Disaggregation of Revenue The following table presents the Company’s revenues by segment disaggregated by geography (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 U.S. land Global $ 11,660 $ 7,472 $ 41,376 North America 24,819 11,543 93,302 Total U.S. land $ 36,479 $ 19,015 $ 134,678 U.S. offshore Global $ 28,010 $ 11,894 $ 59,114 North America 11,815 3,673 20,942 Total U.S. offshore $ 39,825 $ 15,567 $ 80,056 International Global $ 51,152 $ 21,512 $ 104,296 North America 1,639 553 2,467 Total International $ 52,791 $ 22,065 $ 106,763 Total Revenues $ 129,095 $ 56,647 $ 321,497 The following table presents the Company’s revenues by segment disaggregated by type (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Services Global $ 44,586 $ 19,203 $ 91,313 North America 25,215 10,986 88,923 Total Services $ 69,801 $ 30,189 $ 180,236 Rentals Global $ 27,063 $ 12,920 $ 79,824 North America 5,852 2,203 20,281 Total Rentals $ 32,915 $ 15,123 $ 100,105 Product Sales Global $ 19,173 $ 8,755 $ 33,646 North America 7,206 2,580 7,510 Total Product Sales $ 26,379 $ 11,335 $ 41,156 Total Revenues $ 129,095 $ 56,647 $ 321,497

Inventory

Inventory	3 Months Ended
	Mar. 31, 2021
Inventory [Abstract]
Inventory	(5) 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 WIP. 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): Successor Predecessor March 31, 2021 December 31, 2020 Finished goods $ 44,282 $ 44,123 Raw materials 8,474 11,345 WIP 5,936 6,185 Supplies and consumables 38,789 25,070 Total $ 97,481 $ 86,723

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2021
Notes Receivable [Abstract]
Notes Receivable	(6) 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 invoices the seller an agreed upon amount at the completion of certain decommissioning activities for the offshore platform. The gross amount of the seller’s obligation to the Company totals $ 115.0 million and is recorded at present value, which totaled $ 73.2 million as of March 31, 2021. The related discount, which is based on an effective interest rate of 6.58 %, is amortized to interest income based on the expected timing of completion of the decommissioning activities. The Successor recorded interest income related to notes receivable of $ 0.7 million for the Successor Period. The Predecessor recorded interest income related to notes receivable of $ 0.4 million and $ 1.2 million for the Current Predecessor Period and the Prior Predecessor Quarter, respectively. Interest receivable is considered paid in kind and is compounded into the carrying amount of the note.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	(7) Property, Plant and Equipment Property, plant and equipment are stated at cost, except for assets for which reduction in value is recorded during the period and assets acquired using purchase accounting and through fresh start accounting, which are recorded at fair value as of the date of acquisition. Depreciation on acquired assets is computed using the straight-line method over the estimated useful lives of the related assets as follows: Machinery and equipment 3 - 20 years Buildings, improvements and leasehold improvements 10 - 30 years Automobiles, trucks, tractors and trailers 4 - 7 years Furniture and fixtures 3 - 10 years A summary of property, plant and equipment is as follows (in thousands): Successor Predecessor March 31, 2021 December 31, 2020 Machinery and equipment $ 459,973 $ 2,228,539 Buildings, improvements and leasehold improvements 106,790 227,828 Automobiles, trucks, tractors and trailers 8,523 12,395 Furniture and fixtures 20,644 34,246 Construction-in-progress 5,375 4,793 Land 43,734 53,952 Oil and gas producing assets 19,067 15,117 Total 664,106 2,576,870 Accumulated depreciation and depletion ( 51,509 ) ( 2,034,780 ) Property, plant and equipment, net $ 612,597 $ 542,090 Depreciation expense (excluding depletion, amortization and accretion) for the Successor Period, Current Predecessor Period and Prior Predecessor Quarter was $ 50.9 million, $ 9.5 million and $ 28.6 million, respectively. As discussed above, in connection with the valuation process under fresh start accounting, certain fully depreciated assets were assigned an estimated fair value of approximately $ 282.1 million and remaining useful life of less than 36 months. Depreciation expense for the remainder of 2021 is expected to be approximately $ 203.8 million and approximately $ 86.9 million and $ 50.0 million for the years ended December 31, 2022 and 2023, respectively. See Note 3 – “ Fresh Start Accounting” for additional information.

Intangibles

Intangibles	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangibles [Abstract]
Intangibles	(8) Intangibles Intangible assets consist of the following (in thousands): Successor Predecessor March 31, 2021 December 31, 2020 Estimated Gross Accumulated Net Gross Accumulated Net Useful Lives Amount Amortization Balance Amount Amortization Balance Trade Names 10 4,898 ( 84 ) 4,814 9,045 ( 6,270 ) 2,775 Customer Relationships 17 - - - 14,592 ( 10,077 ) 4,515 Patents 10 2,120 ( 35 ) 2,085 - - - Non-Compete Agreements 3 - - - 3,478 ( 3,478 ) - Total $ 7,018 $ ( 119 ) $ 6,899 $ 27,115 $ ( 19,825 ) $ 7,290 Amortization expense for the Successor Period, Current Predecessor Period and Prior Predecessor Quarter was $ 0.1 million, $ 0.1 million and $ 0.4 million, respectively. Based on the carrying values of intangible assets at March 31, 2021, amortization expense for the next five years (2021 through 2025) is estimated to be $ 0.5 million for the remainder of 2021 and $ 0.7 million for the years 2022 through 2025. See Note 3 – “ Fresh Start Accounting” for additional information.

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Debt	(9) Debt Credit Facility On the Emergence Date, pursuant to the Plan, the Former Parent, as parent guarantor, and SESI, as borrower, entered into a Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and letter of credit issuers named therein providing for a $ 120.0 million asset-based secured revolving credit facility (the “Credit Facility”), which provides for revolving loans and is available for the issuances of letters of credit. The Credit Facility will mature on December 9, 2024. The borrowing base under the Credit Facility is determined by reference to SESI’s and its subsidiary guarantors’ (i) eligible accounts receivable, (ii) eligible inventory, (iii) solely during the period from February 2, 2021 until the earlier of December 9, 2022 and the date that unrestricted cash of SESI and its wholly-owned subsidiaries is less than $ 75.0 million, eligible premium rental drill pipe and (iv) so long as there are no loans outstanding at such time, certain cash of SESI and its subsidiary guarantors, less reserves established by the administrative agent in its permitted discretion. Availability under the Credit Facility at any time is equal to the lesser of (i) the aggregate commitments under the Credit Facility and (ii) the borrowing base at such time. As of March 31, 2021, the borrowing base under the Credit Facility was approximately $ 120.0 million and the Company had $ 47.5 million of letters of credit outstanding that reduced its borrowing availability under the revolving credit facility. Subject to certain conditions, upon request and with the consent of the participating lenders, the total commitments under the Credit Facility may be increased to $ 170.0 million. SESI’s obligations under the Credit Facility are guaranteed by the Former Parent and all of SESI’s material domestic subsidiaries, and secured by substantially all of the personal property of the Former Parent, SESI and SESI’s material domestic subsidiaries, in each case, subject to certain customary exceptions. Borrowings under the Credit Facility bear interest, at SESI’s option, at either an adjusted LIBOR rate plus an applicable margin ranging from 3.00 % to 3.50 % per annum, or an alternate base rate plus an applicable margin ranging from 2.00 % to 2.50 % per annum, in each case, on the basis of the then applicable consolidated fixed charge coverage ratio. In addition, SESI is required to pay (i) a letter of credit fee ranging from 3.00 % to 3.50 % per annum on the basis of the consolidated fixed charge coverage ratio on the aggregate face amount of all outstanding letters of credit, (ii) to the issuing lender of each letter of credit, a fronting fee of no less than 0.25 % per annum on the outstanding amount of each such letter of credit and (iii) commitment fees of 0.50 % per annum on the daily unused amount of the Credit Facility, in each case, quarterly in arrears. The Credit Facility contains various covenants requiring compliance, including, but not limited to, limitations on the incurrence of indebtedness, permitted investments, liens on assets, making distributions, transactions with affiliates, mergers, consolidations, dispositions of assets and other provisions customary in similar types of agreements. The Credit Facility requires compliance with a fixed charge coverage ratio of 1.0 to 1.0 if either (i) an event of default has occurred and is continuing or (ii) availability under the Credit Facility is less than the greater of $ 20.0 million or 15 % of the lesser of the aggregate commitments and the borrowing base. The covenant and other restrictions of the Credit Facility significantly restrict the ability to incur borrowings other than letters of credit. On May 13, 2021, SESI, SESI Holdings, Inc and the subsidiary guarantors party thereto entered into a first amendment and waiver to the Credit Facility (the “First Amendment and Waiver to the Credit Facility”) to, among other things, (i) extend the deadline thereunder for the delivery of the Company’s consolidated unaudited financial statements for the quarter ended March 31, 2021 to June 1, 2021 and (ii) obtain a limited waiver of potential defaults under the Credit Facility related to a delayed public filing of such financial statements after the original deadline for delivery of such financial statements. On May 28, 2021, SESI, L.L.C., SESI Holdings, Inc. and the subsidiary guarantors party thereto entered into a waiver to the Credit Facility to (i) extend the deadline under the Credit Agreement for the delivery of Superior Energy Services, Inc.’s consolidated unaudited financial statements for the quarter ended March 31, 2021 and the calendar months ending April 30, 2021 and May 31, 2021 to July 15, 2021 and (ii) agree that until the unaudited financial statements and a revised borrowing base certificate in connection therewith are delivered, the lenders will not be required to make any advances requested. On July 15, 2021, SESI, the Former Parent, and the subsidiary guarantors party thereto entered into a waiver to the Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent and lender, and certain other financial institutions and other parties thereto as lenders to (i) extend the deadline under the Credit Facility for the delivery of the Company’s consolidated unaudited financial statements (x) as of and for the quarter ended March 31, 2021 to September 30, 2021 and (y) as of and for the quarter ended June 30, 2021 and the calendar months ending April 30, 2021, May 31, 2021, July 31, 2021 and August 31, 2021 to October 30, 2021, (ii) obtain a limited waiver of potential defaults under the Credit Facility related to a delayed public filing of the quarterly report on Form 10-Q with respect to the fiscal quarter ended June 30, 2021 (including related financial statements) after the original deadline (and confirmation of such waiver as it pertains to this quarterly report on Form 10-Q with respect to the fiscal quarter ended March 31, 2021), and (iii) agree that until the quarterly unaudited financial statements and a revised borrowing base certificate in connection with each such quarter is delivered, the lenders will not be required to make any advances requested. Delayed-Draw Term Loan Commitment Letter On September 29, 2020, the Predecessor entered into a commitment letter (the “Delayed-Draw Term Loan Commitment Letter”) with certain of the consenting noteholders (such consenting noteholders, the “Backstop Commitment Parties”). The Backstop Commitment Parties committed to provide a delayed draw term loan facility (the “Delayed-Draw Term Loan Facility”) in an aggregate principal amount not to exceed $ 200.0 million, upon the Company’s emergence from bankruptcy on the terms and subject to the conditions of the Delayed-Draw Term Loan Commitment Letter. The Predecessor paid $ 12.0 million of fees in consideration for the commitment by the Backstop Commitment Parties during 2020. On the Emergence Date, the Delayed-Draw Term Loan Commitment Letter terminated in accordance with its terms upon the effectiveness of the Credit Facility without the establishment of the Delayed-Draw Term Loan Facility. The termination resulted in the Predecessor recognizing $ 12.0 million of reorganization items, net during the Current Predecessor Period. Debtor-in-Possession Financing In connection with the Chapter 11 Cases, the Affiliate Debtors filed a motion for approval of a debtor-in-possession financing facility, and on December 8, 2020, the Bankruptcy Court approved such motion and entered into an order approving the financings (the “DIP Order”). In accordance with the DIP Order, on December 9, 2020, the Predecessor, as guarantor, and SESI, as borrower, entered into a $ 120.0 million Senior Secured Debtor-in-Possession Credit Agreement (the “DIP Credit Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. On the Emergence Date, the Credit Facility replaced the DIP Credit Facility and approximately $ 46.6 million of undrawn letters of credit outstanding under the former DIP Credit Facility were deemed outstanding under the Credit Facility. All accrued and unpaid fees and other amounts outstanding thereunder were paid in full as well. Prepetition Indebtedness The Predecessor’s outstanding debt was as follows (in thousands) for the periods indicated: Stated Interest Rate (%) December 31, 2020 Senior unsecured notes due September 2024 7.750 $ 500,000 Senior unsecured notes due December 2021 7.125 800,000 Total debt, gross 1,300,000 Reclassification to liabilities subject to compromise ( 1,300,000 ) Unamortized debt issuance costs - Total debt, net $ - The Predecessor had outstanding $ 800.0 million of senior unsecured notes due December 2021. The indenture governing the 7.125 % senior unsecured notes due 2021 required semi-annual interest payments on June 15 and December 15 of each year through the maturity date of December 15, 2021. The Predecessor also had outstanding $ 500.0 million of senior unsecured notes due September 2024. The indenture governing the 7.75 % senior unsecured notes due 2024 required semi-annual interest payments on March 15 and September 15 of each year through the maturity date of September 15, 2024. At the Petition Date, there was pre-petition accrued interest of $ 35.8 million under the two issuances of senior secured notes. As a result of the automatic stay from bankruptcy, principal and interest was not paid during the bankruptcy proceedings. On the Emergence Date, obligations under these notes, including principal and accrued interest of $ 35.8 million, were fully extinguished in exchange for cash and equity in the Successor.

Decommissioning Liabilities

Decommissioning Liabilities	3 Months Ended
	Mar. 31, 2021
Decommissioning Liabilities [Abstract]
Decommissioning Liabilities	(10) Decommissioning Liabilities The Company accounts for decommissioning liabilities under ASC 410 – Asset Retirement Obligations. 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 Successor had decommissioning liabilities of $ 174.5 million as of March 31, 2021 and the Predecessor had decommissioning liabilities of $ 142.7 million as of December 31, 2020, respectively. In connection with fresh start accounting, the Company now presents all asset retirement obligations separately as decommissioning liabilities on the balance sheet. Previously, certain of these decommissioning liabilities were included as a component of other long-term liabilities.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	(11) 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): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Long-term fixed lease expense $ 3,782 $ 1,824 $ 7,473 Long-term variable lease expense 29 19 124 Short-term lease expense 1,616 789 4,423 Total operating lease expense $ 5,427 $ 2,632 $ 12,020 Supplemental Balance Sheet and Cash Flows Information Operating leases were as follows (in thousands): Successor Predecessor March 31, 2021 December 31, 2020 Operating lease ROU assets $ 45,965 $ 50,192 Accrued expenses $ 16,835 $ 18,491 Operating lease liabilities 29,416 40,258 Total operating lease liabilities $ 46,251 $ 58,749 Weighted-average remaining lease term 10 years 9 years Weighted-average discount rate 5.33 % 6.35 % Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash paid for operating leases $ 2,929 $ 1,575 $ 7,757 ROU assets obtained in exchange for lease obligations $ 261 $ 453 $ 1,465 Maturities of operating lease liabilities at March 31, 2021 are as follows (in thousands): Remainder of 2021 $ 13,591 2022 9,863 2023 7,207 2024 4,948 2025 3,844 Thereafter 22,140 Total lease payments 61,593 Less imputed interest ( 15,342 ) Total $ 46,251

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Fair Value Measurements	(12) 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): Successor Fair Value at March 31, 2021 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,265 $ - $ 15,265 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,112 $ - $ 2,112 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 19,068 $ - $ 19,068 Predecessor Fair Value at December 31, 2020 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,013 $ - $ 15,013 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,869 $ - $ 2,869 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 20,697 $ - $ 20,697 Total debt $ 409,050 $ - $ - $ 409,050 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 Level 2 in the fair value hierarchy. Commencement of the Chapter 11 Cases automatically stayed payments under the non-qualified deferred compensation plans. As a result of the consummation of the Plan, restricted stock units issued prior to the Fresh Start Accounting Date under the Company’s stock incentive plans were cancelled for zero consideration. 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): Prior Predecessor Quarter Impairment Fair Value Property, plant and equipment, net $ 16,522 $ 13,593 See Note 14 – “ Reduction in Value of Assets ” for a discussion of the reduction in value of assets recorded during the Prior Predecessor Quarter.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Information [Abstract]
Segment Information	(13) Segment Information In connection with our emergence from bankruptcy, the reportable segments were changed to Global and North America. Reportable segments in the Predecessor’s Annual Report on Form 10-K were Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Technical Solutions. Business Segments The Global segment operates in both the domestic and international markets. Its products and service offerings are provided through its five global brands: Workstrings International, which provides value-added engineering services and high-specification premium downhole tubular and accessory rentals; Stabil Drill, which provides design, engineering, manufacturing and rental of premium bottom hole assemblies; ISS, which provides hydraulic workover and snubbing services; Wild Well Control, which provides engineering, risk management, well control and training solutions; and Superior Completion Services, which provides design, engineering and manufacturing of premium sand control tools. Additionally, through its International Services operations, the Global segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, production testing and optimization and remedial pumping services. The Global segment also includes the Company’s oil and gas production related to its 51 % ownership interest in its sole federal offshore oil and gas property and related assets. The North America segment provides domestic intervention services such as coiled tubing, cased hole and mechanical wireline, production testing and optimization, and remedial pumping services. It also rents accommodation units and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. Additionally, fluid handling, workover and maintenance services are performed by the North America segment. 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 expenses. Summarized financial information for the Company’s segments is as follows (in thousands): Successor For the period February 3, 2021 through March 31, 2021 North Corporate and Consolidated Global America Other Total Revenues $ 90,823 $ 38,272 $ - $ 129,095 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion) 57,607 32,091 - 89,698 Depreciation, depletion, amortization and accretion 36,079 15,456 1,272 52,807 General and administrative expenses 10,611 3,636 6,690 20,937 Restructuring and other expenses - - 8,383 8,383 Loss from operations ( 13,474 ) ( 12,911 ) ( 16,345 ) ( 42,730 ) Interest income (expense), net 710 - ( 495 ) 215 Reorganization items, net - - - - Other income - - ( 2,845 ) ( 2,845 ) Loss from continuing operations before income taxes $ ( 12,764 ) $ ( 12,911 ) $ ( 19,685 ) $ ( 45,360 ) Predecessor For the period January 1, 2021 through February 2, 2021 Corporate and Consolidated Global North America Other Total Revenues $ 40,878 $ 15,769 $ - $ 56,647 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion) 24,898 15,064 - 39,962 Depreciation, depletion, amortization and accretion 7,135 3,049 314 10,498 General and administrative expenses 5,521 1,786 4,857 12,164 Restructuring and other expenses - - 1,270 1,270 Income (loss) from operations 3,324 ( 4,130 ) ( 6,441 ) ( 7,247 ) Interest income (expense), net 355 - ( 151 ) 204 Reorganization items, net 39,416 ( 76,238 ) 372,382 335,560 Other expense - - ( 2,104 ) ( 2,104 ) Income (loss) from continuing operations before income taxes $ 43,095 $ ( 80,368 ) $ 363,686 $ 326,413 Three Months Ended March 31, 2020 Onshore Completion Drilling Products and Workover Production Technical Corporate and Consolidated and 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 income - - ( 4,232 ) ( 4,232 ) Income (loss) from continuing operations before income taxes $ 36,727 $ ( 2,998 ) $ ( 3,897 ) $ ( 17,329 ) $ ( 55,092 ) $ ( 42,589 ) Identifiable Assets North Corporate and Consolidated Global America Other Total March 31, 2021 - Successor $ 970,767 $ 308,373 $ 144,700 $ 1,423,840 Drilling Products Completion and Workover Production Technical Corporate and Consolidated and Services Services Services Solutions Other Total December 31, 2020 - Predecessor $ 557,469 $ 183,065 $ 368,185 $ 260,339 $ 132,021 $ 1,501,079 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 Successor Predecessor For the period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 United States $ 76,304 $ 34,582 $ 214,734 Other countries 52,791 22,065 106,763 Total $ 129,095 $ 56,647 $ 321,497 Long-Lived Assets Successor Predecessor March 31, 2021 December 31, 2020 United States $ 438,538 $ 387,097 Other countries 174,059 154,993 Total $ 612,597 $ 542,090

Reduction in Value of Assets

Reduction in Value of Assets	3 Months Ended
	Mar. 31, 2021
Reduction in Value of Assets [Abstract]
Reduction in Value of Assets	(14) Reduction in Value of Assets During the first quarter of 2020, in line with the rapidly changing market conditions, the Predecessor’s market capitalization deteriorated. The Predecessor determined that the recent events constituted a triggering event that required the Predecessor 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 Prior Predecessor Quarter, the Predecessor 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 $ 16.5 million related to property, plant and equipment in the Global segment.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangibles [Abstract]
Goodwill	(15) Goodwill As part of the Successor’s emergence from the Chapter 11 Cases, the Successor adopted fresh start accounting and began reporting as a new accounting entity as of the Fresh Start Reporting Date. Due to the fair value measurement of the Company’s assets and liabilities as required by ASC 852, the Company determined that the Successor retained no goodwill balance based on the assignment of reorganization value to the Successor’s identifiable assets and liabilities. As noted in Note 3 – “ Fresh Start Accounting ,” the Predecessor’s goodwill balance of $ 138.9 million was eliminated during the fresh start adjustments to the consolidated condensed balance sheet as of February 2, 2021.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2021
Stock-Based Compensation Plans [Abstract]
Stock-Based Compensation Plans	(16) Stock-Based Compensation Plans As noted in Note 2 – “Emergence from Voluntary Reorganization under Chapter 11,” the Former Parent’s equity interests were cancelled as of the Emergence Date and new Class A common stock was issued to settle claims arising as a result of holding either the 7.125 % Notes or the 7.750 % Notes. As a result of the consummation of the Plan, restricted stock units issued prior to the fresh start accounting date under the Company’s stock incentive plans were cancelled for zero consideration. The balance sheet effect of the cancellation is noted in Note 3 – “ Fresh Start Accounting .” See Note 23 – “Subsequent Events” for further information on stock-based compensation plans and the 2021 Management Incentive Plan (the “Incentive Plan”).

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Taxes [Abstract]
Income Taxes	(17) Income Taxes The effective tax rate for the Successor Period and the Current Predecessor Period was 17.3 % and 18.4 %, respectively, on income from continuing operations. The tax rate in the Successor Period is different from the statutory rate of 21 % primarily from non-deductible items and foreign losses for which no tax benefit is being recorded. The tax rate in the Current Predecessor Period is different from the statutory rate of 21 % primarily from the adoption of fresh start accounting during the period. The effective tax rate for the three-month ending March 31, 2020 was 24.1 % on income from continuing operations. The tax rate is different from the statutory rate of 21 % primarily because of the impact of the CARES Act legislation which allowed the company to carryback losses from 2018, 2019 and 2020 to prior periods for refunds of prior year income tax. The CARES Act was intended to provide economic stimulus to address the impact of the COVID-19 pandemic. The Successor had $ 14.7 million of unrecognized tax benefits as of March 31, 2021 and the Predecessor had $ 13.2 million of unrecognized tax benefits as of December 31, 2020, 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. As of March 31, 2021, we have a valuation allowance of $ 97.2 million recorded against our deferred tax assets that relate to US foreign tax credits, US state net operating losses and other non-US deferred tax assets. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the carryforward period. The Company assesses the realizability of deferred tax assets quarterly and considers carryback availability, the scheduled reversal of deferred tax liabilities, and tax planning strategies in making this assessment.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	(18) 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 Successor Period and Predecessor Prior Quarter did no t have any potentially dilutive shares as these periods reflected a net loss.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2021
Contingencies [Abstract]
Contingencies	(19) Contingencies Due to the nature of the Company’s business, the Company is involved, from time to time, in various routine litigation or subject to disputes or claims or actions, including those commercial in nature, regarding its business activities in the ordinary course of business. Legal costs related to these matters are expensed as incurred. Management is of the opinion that none of the claims and actions will have a material adverse impact on the Company's financial position, results of operations or cash flows. A subsidiary of the Company is involved in legal proceedings with two former employees regarding the payment of royalties for a patentable product paid for by the subsidiary and developed while they worked for the subsidiary. On April 2, 2018, the former employees and their corporation filed a lawsuit (the “First Case) in the Harris County District Court (the “District Court”) alleging that the royalty payments they had invoiced at 25 % and for which they received payments since 2010, should have been paid at a rate of 50 %. 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, which the Company has fully secured with a supersedeas bond. 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. A second case (the “Second Case”) was filed in District Court against the same subsidiary of the Company bringing the same claims and seeking damages post judgment from the First Case until discontinuation of the sale of the product at issue by the subsidiary. In December 2020, the Court entered a final judgement for the Plaintiffs’ and the Second Case was stayed for the duration of the Company’s bankruptcy. As of March 31, 2021, the appeal has not yet been perfected in this case. The Company intends to file an appeal and a Motion to Abate the Second Case pending the appeal of the First Case. As of March 31, 2021, the Company has reserved $ 5.5 million for the judgements in the First Case and Second Case. An Indian subsidiary of the Company had entered into a contract with an Indian oil and gas company to provide an off-shore vessel for various types of work. A dispute arose over the performability of the terms of the contract. The potential loss of this possible onerous contract is approximately $ 7.3 million. Commencement of the Chapter 11 Cases automatically stayed certain proceedings and actions against the Predecessor. These cases have continued after the Emergence Date.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2021
Discontinued Operations [Abstract]
Discontinued Operations	(20) Discontinued Operations On December 10, 2019, the Predecessor’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 Successor intends to maintain an adequate number of employees to efficiently wind down Pumpco’s business on or around December 31, 2021. The financial results of Pumpco’s operations have historically been included in the Predecessor’s North America segment. The Successor continued to sell Pumpco’s fixed assets as of March 31, 2021. The following table summarizes the components of discontinued operations, net of tax (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Revenues $ - $ - $ 254 Cost of services (1) ( 1,808 ) 210 5,459 Income (loss) from discontinued operations before tax 878 2,265 ( 59,651 ) Income (loss) from discontinued operations, net of income tax 878 2,265 ( 47,129 ) (1) As discussed above under “Changes in Accounting Policies” gains and losses from asset sales are included as a component of Cost of services in the Successor period. For the Prior Predecessor Quarter, loss from discontinued operations included $ 46.4 million in the reduction in value of assets relating to the impairment of property, plant and equipment. Income taxes for the Prior Predecessor Quarter were $ 12.5 million. The following summarizes the assets and liabilities related to the Pumpco business reported as discontinued operations (in thousands): Successor Predecessor March 31, 2021 December 31, 2020 Current assets: Other current assets $ 1,997 $ 2,155 Total current assets 1,997 2,155 Property, plant and equipment, net 39,863 45,397 Operating lease ROU assets 21 83 Total assets $ 41,881 $ 47,635 Current liabilities: Accounts payable $ - $ 165 Accrued expenses 1,177 1,326 Total current liabilities 1,177 1,491 Operating lease liabilities - 2,588 Total liabilities $ 1,177 $ 4,079 Significant operating non-cash items relating to Pumpco and cash flows from investing activities were as follows (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash flows from discontinued operating activities: Reduction in value of assets $ - $ - $ 46,358 Cash flows from discontinued investing activities: Proceeds from sales of assets 5,024 486 8,449

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	(21) Supplemental Cash Flow Information The table below is a reconciliation of cash, cash equivalents and restricted cash for the beginning and the end of the period for all periods presented: Successor Predecessor For the period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents $ 172,768 $ 188,006 $ 272,624 Restricted cash-current 16,751 - - Restricted cash-non-current 80,179 80,178 2,764 Cash, cash equivalents, and restricted cash, beginning of period $ 269,698 $ 268,184 $ 275,388 Cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents $ 197,307 $ 172,768 $ 252,221 Restricted cash-current 16,751 16,751 - Restricted cash-non-current 80,056 80,179 2,773 Cash, cash equivalents, and restricted cash, end of period $ 294,114 $ 269,698 $ 254,994

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
New Accounting Pronouncements
New Accounting Pronouncements	(22) New Accounting Pronouncements Recently Issued Accounting Standards In June 2016, the FASB issued ASU 2016-13 - Measurement of Credit Losses on Financial Instruments (ASU 2016-13) . 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 (the “CECL”) model. 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 has concluded that the adoption of ASU 2016-13 will not have a material impact on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12 - Simplifying the Accounting for Income Taxes (ASU 2019-12). This update simplifies the accounting for income taxes by removing the following exceptions: (1) the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income or a gain from other items; (2) the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment; (3) the ability not to recognize a deferred tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary; and (4) the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. The update also (1) requires an entity to recognize a franchise tax that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax; (2) requires an entity to evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill was originally recognized and when it should be considered a separate transaction; (3) specifies that an entity is not required to allocate the consolidate amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements; (4) requires an entity to reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date; and (5) makes minor codification improvements for income taxes related to employee stock ownership plans. The Company’s adoption of ASU 2019-12 as of January 1, 2021 has not had a material impact on its financial position, results of operations or cash flows. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform — Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848). This update provides an optional expedient and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates (IBORs) and, particularly, the risk of cessation of the London Interbank Offered Rate (LIBOR), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction-based and less susceptible to manipulation. The ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. In January 2021, the FASB issued ASU No. 2021-01, which clarifies that certain provisions in Topic 848, if elected by an entity, apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. The amendments in these ASUs are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is still evaluating the effect of adopting this guidance.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	(23) Subsequent Events 2021 Management Incentive Plan On June 1, 2021, the Company’s Board of Directors (the “Board”) and the Compensation Committee of the Board (the “Compensation Committee”) approved and adopted the Company’s Incentive Plan), which provides for the grant of share-based and cash-based awards and, in connection therewith, the issuance from time to time of up to 1,999,869 shares of the Company’s Class B common stock, par value $ 0.01 per share. The accounting and related disclosures will be incorporated into the Company’ Form 10-Q for the period ending June 30, 2021. Restricted Stock Grants On June 1, 2021, the Board and the Compensation Committee approved the forms of restricted stock award agreements for (i) employee participants (the “Employee Restricted Stock Award Agreement”) and (ii) non-employee directors (the “Director Restricted Stock Award Agreement”). On June 1, 2021, the Board and the Compensation Committee approved, pursuant to the applicable Employee Restricted Stock Award Agreements and Director Restricted Stock Award Agreements, the issuance (without giving effect to tax withholding) of 113,840 restricted shares of Class B common stock under the Incentive Plan to certain of the Company’s non-employee directors and officers, including 33,519 and 12,649 shares to Michael Y. McGovern, the Company’s Executive Chairman of the Board, and James W. Spexarth, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, respectively (the “Restricted Stock Grants”). The Restricted Stock Grants will vest over a period of three years, subject to earlier vesting and forfeiture on terms and conditions set forth in the applicable award agreement. The issuance of the restricted Class B common stock pursuant to the applicable Employee Restricted Stock Award Agreements and Director Restricted Stock Award Agreements under the Incentive Plan is exempt from registration under the Securities Act pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. Divestiture On July 9, 2021, the Company entered into a Securities Purchase and Sale Agreement (the “Purchase Agreement”) with SES Holdings, LLC (the “Parent”), Select Energy Services, Inc. (the “Buyer”) (solely to the extent stated therein), and Complete Energy Services, Inc. (“Complete”). Pursuant to the Purchase Agreement, the Buyer acquired certain of the Company’s onshore oilfield services operations in the United States through the acquisition of 100 % of the equity interests of Complete, for a purchase price of approximately $ 14.0 million in cash and the issuance of 3.6 million shares of Class A common stock, $ 0.01 par value, of the Parent, subject to customary post-closing adjustments. The Purchase Agreement also contains certain registration rights of the Company which requires the Parent to file a registration statement with the SEC for the resale of the Class A common stock issued to the Company. The Purchase Agreement contains customary representations, warranties and covenants. The loss on sale was $ 16.7 million in the Successor Period. Transformation Project In connection with the Company’s previously announced transformation project, subsequent to March 31, 2021, we have disposed of certain assets with a net book value of approximately $ 51 million. Proceeds from the sales of these assets have totaled approximately $ 57 million through September 28, 2021.

Fresh Start Accounting (Tables)

Fresh Start Accounting (Tables)	3 Months Ended
	Mar. 31, 2021
Fresh Start Accounting [Abstract]
Reorganization Of Assets	Fresh Start Reporting Date Selected Enterprise Value within Bankruptcy Court Range $ 729,918 Plus: Cash and cash equivalents 172,768 Plus: Liabilities excluding the decommissioning liabilities 380,496 Plus: Decommissioning liabilities 173,622 Reorganization Value 1,456,804
Fresh Start	As of February 2, 2021 Predecessor Reorganization Adjustments Fresh Start Adjustments Successor ASSETS Current assets: Cash and cash equivalents $ 194,671 $ ( 21,903 ) (1) $ - $ 172,768 Restricted cash - current - 16,751 (2) - 16,751 Accounts receivable, net of allowance for doubtful accounts 180,525 11 (3) - 180,536 Income taxes receivable 9,146 - ( 170 ) (16) 8,976 Prepaid expenses 37,041 - - 37,041 Inventory and other current assets 99,843 - 8,426 (17) 108,269 Assets held for sale 47,120 - ( 2,126 ) (18) 44,994 Total current assets 568,346 ( 5,141 ) 6,130 569,335 Property, plant and equipment, net of accumulated depreciation and depletion 533,147 - 125,120 (19) 658,267 Operating lease right-of-use assets 48,733 - 1,785 (20) 50,518 Goodwill 138,934 - ( 138,934 ) (21) - Notes receivable 72,967 - - 72,967 Restricted cash - non-current 80,179 - - 80,179 Intangible and other long-term assets, net of accumulated amortization 55,105 ( 10,080 ) (4) ( 19,487 ) (22) 25,538 Total assets $ 1,497,411 $ ( 15,221 ) $ ( 25,386 ) $ 1,456,804 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable $ 55,546 $ ( 700 ) (5) $ - $ 54,846 Accrued expenses 143,697 9,812 (6) 2,026 (23) 155,535 Current portion of decommissioning liabilities 3,776 - ( 3,418 ) (24) 358 Liabilities held for sale 552 844 (7) - 1,396 Total current liabilities 203,571 9,956 ( 1,392 ) 212,135 Decommissioning liabilities 139,503 - 33,761 (25) 173,264 Operating lease liabilities 32,735 - ( 405 ) (26) 32,330 Deferred income taxes 4,853 3,100 (8) 51,569 (27) 59,522 Other long-term liabilities 122,691 - ( 45,824 ) (28) 76,867 Total non-current liabilities 299,782 3,100 39,101 341,983 Liabilities subject to compromise 1,572,772 ( 1,572,772 ) (9) - - Total liabilities 2,076,125 ( 1,559,716 ) 37,709 554,118 Stockholders’ equity (deficit): Predecessor common stock $0.001 par value 16 ( 16 ) (10) - - Predecessor Additional paid-in capital 2,757,824 ( 2,757,824 ) (11) - - Predecessor Treasury stock at cost ( 4,290 ) 4,290 (12) - - Successor Class A common stock $0.001 par value - 200 (13) - 200 Successor Additional paid-in capital - 902,486 (14) - 902,486 Accumulated other comprehensive loss, net ( 67,532 ) - 67,532 (29) - Accumulated deficit ( 3,264,732 ) 3,395,359 (15) ( 130,627 ) (30) - Total stockholders’ equity (deficit) ( 578,714 ) 1,544,495 ( 63,095 ) 902,686 Total liabilities and stockholders’ equity (deficit) $ 1,497,411 $ ( 15,221 ) $ ( 25,386 ) $ 1,456,804 Reorganization Adjustments (in thousands) ( 1) Changes in cash and cash equivalents included the following: Payment of debtor in possession financing fees ( 183 ) Payment of professional fees at the Emergence Date ( 2,649 ) Payment of lease rejection damages classified as liabilities subject to compromise ( 400 ) Transfers from cash to restricted cash for Professional Fees Escrow and General Unsecured Creditors Escrow ( 16,751 ) Payment of debt issuance costs for the Credit Facility ( 1,920 ) Net change in cash and cash equivalents ( 21,903 ) ( 2) Changes to restricted cash - current included the following: Transfer from cash for Professional Fee Escrow 16,626 Transfer from cash for General Unsecured Creditors Escrow 125 Net change in restricted cash - current 16,751 ( 3) Changes of $ 11 to accounts receivable reflect a receivable from the solicitor for excess proceeds received during the Rights Offering. (4 ) Changes to intangibles and other long-term assets included the following: Write-off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Capitalization of debt issuance costs associated with the Credit Facility 1,920 Net change in intangibles and other long-term assets ( 10,080 ) (5 ) Changes to accounts payable included the following: Payment of professional fees at the Emergence Date ( 2,649 ) Professional fees recognized and payable at the Emergence Date 1,949 Net change in accounts payable ( 700 ) (6 ) Changes in accrued liabilities include the following: Payment of debtor in possession financing fees ( 183 ) Accrual of professional fees 6,500 Accrual for transfer taxes 1,900 Reinstatement of lease rejection liabilities to be settled post-emergence 1,470 Accrual of general unsecured claims against parent 125 Net change in accrued liabilities 9,812 (7 ) Changes in liabilities held for sale reflect the fair value reinstatement of rejected leases claims related to PumpCo to be settled post-emergence. (8 ) Changes in deferred income taxes are due to reorganization adjustments. (9 ) The resulting gain on liabilities subject to compromise was determined as follows: Prepetition 7.125 % and 7.750 % notes including accrued interest and unpaid interest 1,335,794 Rejected lease liability claims 4,956 Allowed Class 6 General Unsecured Claims against Parent 232,022 Liabilities subject to compromise settled in accordance with the Plan 1,572,772 Reinstatement of accrued liabilities for lease rejection claims ( 1,470 ) Reinstatement of liabilities held for sale for Pumpco lease claims ( 844 ) Payment to settle lease rejection claims ( 400 ) Cash proceeds from rights offering 963 Cash payout provided to cash opt-in noteholders ( 952 ) Cash Pool to settle GUCs against Parent ( 125 ) Issuance of common stock to prepetition noteholders, incremental to rights offering (par value) ( 193 ) Additional paid-in capital attributable to successor common stock issuance ( 869,311 ) Successor common stock issued to cash opt-out noteholders in the rights offering (par value) ( 7 ) Additional paid-in capital attributable to rights offering shares ( 33,175 ) Gain on settlement of liabilities subject to compromise 667,258 The Equity Rights Offering generated $ 963 in proceeds used to settle $ 952 in Cash Opt-in Noteholder claims. The Equity Rights Offering shares were offered at a price of $ 1.31 /share to Cash Opt-out Noteholders. As such, the Equity Rights Offering shares generated the $ 963 in cash proceeds from the share issuance as well as an implied discount to the Cash Opt-in claimants of $ 32.2 million, recorded as a loss on share issuance in reorganization items, net. The loss on the Equity Rights Offering share issuance is offset by the gain on share issuance of $ 32.2 million implied by the issuance of shares to settle Cash Opt-out Noteholder claims at a value of $ 46.82 /share compared to the reorganization value implied share price of $ 45.14 /share. (10 ) Changes of $ 16 in Predecessor common stock reflect the cancellation of the Predecessor’s common stock. (11 ) Changes in Predecessor additional paid-in capital (APIC) include the following: Extinguishment of APIC related to Predecessor's outstanding equity interests ( 2,758,812 ) Extinguishment of RSUs for the Predecessor's incentive plan 988 Net change in Predecessor's additional paid-in capital ( 2,757,824 ) (12 ) Reflects $ 4.3 million cancellation of Predecessor treasury stock held at cost. (13 ) Changes in the Successor’s Class A common stock include the following: Issuance of successor Class A common stock to prepetition noteholders, incremental to rights offering (par value) 193 Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value) 7 Net change in Successor Class A common stock 200 (14 ) Changes in Successor additional paid-in capital include the following: Additional paid-in capital (Successor Class A common stock) 869,311 Additional paid-in capital (rights offering shares) 33,175 Net change in Successor additional paid-in capital 902,486 (15 ) Changes to retained earnings (deficit) include the following: Gain on settlement of liabilities subject to compromise 667,258 Accrual for transfer tax ( 1,900 ) Extinguishment of RSUs for Predecessor incentive plan ( 988 ) Adjustment to net deferred tax liability taken to tax expense ( 3,100 ) Professional fees earned and payable as a result of consummation of the Plan of Reorganization ( 8,449 ) Write-off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Extinguishment of Predecessor equity (par value, APIC, and treasury stock) 2,754,538 Net change in retained earnings (deficit) 3,395,359 Fresh Start Adjustments (in thousands) (16 ) Changes of $ 170 in income tax receivable reflects the decrease to current deferred tax assets due to the adoption of fresh start accounting. (17 ) Changes in inventory and other current assets included the following: Fair value adjustment to inventory - North America Segment 1,097 Fair value adjustment to inventory - Global Segment 12,137 Adjustment to Predecessor decommissioning balances due to the adoption of fresh start accounting ( 3,498 ) Fair value adjustment to other current assets ( 1,310 ) Net change in inventory and other current assets due to the adoption of fresh start accounting 8,426 (18 ) Changes of $ 2.1 million in assets held for sale reflect a fair value adjustment to real property. (19 ) Changes of $ 125.1 million to property, plant and equipment reflect the fair value adjustment. Successor Fair Value Predecessor Book Value Land, Buildings, and Associated Improvements 150,089 281,989 Machinery and Equipment 374,643 1,605,074 Rental Services Equipment 92,861 617,762 Other Depreciable or Depletable Assets 35,762 49,242 Construction in Progress 4,912 4,912 658,267 2,558,979 Less: Accumulated Depreciation and Depletion - ( 2,025,832 ) Property, Plant and Equipment, net 658,267 533,147 (20 ) Reflects $ 1.8 million due to the fair value adjustment increasing operating lease right-of-use assets. (21 ) Changes of $ 138.9 million to goodwill reflect the derecognition of the Predecessor’s goodwill due to the adoption of fresh start accounting. (22 ) The fair value changes of $ 0.2 million to intangibles assets are reflected in the table below: Successor Fair Value Predecessor Net Book Value Customer Relationships - 4,455 Trade Names 4,898 2,268 Patents 2,120 447 Intangible Assets, Net 7,018 7,170 Reduction of other long-term assets was due to the adoption of fresh start accounting and include $ 19.3 million in decommissioning liabilities related to Predecessor long-term assets fair valued and presented in the Successor’s property, plant, and equipment. (23 ) Changes of $ 2.0 million to accrued expenses reflect the fair value adjustment increasing the current portion of operating lease liabilities. (24 ) Reflects the $ 3.4 million fair value adjustment decreasing the current portion of decommissioning liabilities. (25 ) Reflects the $ 33.8 million fair value adjustment increasing the non-current portion of decommissioning liabilities. (26 ) Reflects the $ 0.4 million fair value adjustment decreasing the non-current portion of operating lease liabilities. (27 ) Reflects the $ 70.4 million increase of deferred tax liabilities netted against an $18.8 million increase in realizable deferred tax assets due to the adoption of fresh start accounting. (28 ) Changes of $ 45.8 million in other long-term liabilities reflects the reclassification of amounts associated with the Predecessor’s decommissioning liability balances that were fair valued and presented in the Successor’s decommissioning liabilities, as well as an increase in FIN48 liabilities of $ 1.5 million. (29) Changes to accumulated other comprehensive loss reflect the elimination of Predecessor currency translation adjustment balances due to the adoption of fresh start accounting on Predecessor currency translation adjustment balances. (30 ) Changes reflect the cumulative impact of fresh start accounting adjustments discussed above and the elimination of the Predecessor’s accumulated other comprehensive loss and the Predecessor’s accumulated deficit. Fresh start valuation adjustments ( 77,376 ) Adjustment to net deferred tax liability taken to tax expense ( 53,251 ) Net impact to accumulated other comprehensive loss and accumulated deficit ( 130,627 )
Reorganization	Predecessor For the Period January 1, 2021 through February 2, 2021 Gain on settlement of liabilities subject to compromise $ 667,258 Allowed claim adjustment for Class 6 claims ( 232,022 ) Fresh Start valuation adjustments ( 77,376 ) Professional fees ( 16,005 ) Predecessor lease liabilities rejected per the Plan 13,347 Write off of deferred financing costs related to the Delayed-Draw Term Loan ( 12,000 ) Lease rejection damages ( 4,956 ) Extinguishment of RSU's for the Predecessor's incentive plan ( 988 ) Other items ( 1,698 ) Total reorganization items, net $ 335,560

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue [Abstract]
Disaggregation Of Revenues	The following table presents the Company’s revenues by segment disaggregated by geography (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 U.S. land Global $ 11,660 $ 7,472 $ 41,376 North America 24,819 11,543 93,302 Total U.S. land $ 36,479 $ 19,015 $ 134,678 U.S. offshore Global $ 28,010 $ 11,894 $ 59,114 North America 11,815 3,673 20,942 Total U.S. offshore $ 39,825 $ 15,567 $ 80,056 International Global $ 51,152 $ 21,512 $ 104,296 North America 1,639 553 2,467 Total International $ 52,791 $ 22,065 $ 106,763 Total Revenues $ 129,095 $ 56,647 $ 321,497 The following table presents the Company’s revenues by segment disaggregated by type (in thousands): Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Services Global $ 44,586 $ 19,203 $ 91,313 North America 25,215 10,986 88,923 Total Services $ 69,801 $ 30,189 $ 180,236 Rentals Global $ 27,063 $ 12,920 $ 79,824 North America 5,852 2,203 20,281 Total Rentals $ 32,915 $ 15,123 $ 100,105 Product Sales Global $ 19,173 $ 8,755 $ 33,646 North America 7,206 2,580 7,510 Total Product Sales $ 26,379 $ 11,335 $ 41,156 Total Revenues $ 129,095 $ 56,647 $ 321,497

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory [Abstract]
Components Of Inventory	Successor Predecessor March 31, 2021 December 31, 2020 Finished goods $ 44,282 $ 44,123 Raw materials 8,474 11,345 WIP 5,936 6,185 Supplies and consumables 38,789 25,070 Total $ 97,481 $ 86,723

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Estimated Useful Lives	Machinery and equipment 3 - 20 years Buildings, improvements and leasehold improvements 10 - 30 years Automobiles, trucks, tractors and trailers 4 - 7 years Furniture and fixtures 3 - 10 years
Summary of PP&E	Successor Predecessor March 31, 2021 December 31, 2020 Machinery and equipment $ 459,973 $ 2,228,539 Buildings, improvements and leasehold improvements 106,790 227,828 Automobiles, trucks, tractors and trailers 8,523 12,395 Furniture and fixtures 20,644 34,246 Construction-in-progress 5,375 4,793 Land 43,734 53,952 Oil and gas producing assets 19,067 15,117 Total 664,106 2,576,870 Accumulated depreciation and depletion ( 51,509 ) ( 2,034,780 ) Property, plant and equipment, net $ 612,597 $ 542,090

Intangibles (Tables)

Intangibles (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangibles [Abstract]
Intangible Assets	Successor Predecessor March 31, 2021 December 31, 2020 Estimated Gross Accumulated Net Gross Accumulated Net Useful Lives Amount Amortization Balance Amount Amortization Balance Trade Names 10 4,898 ( 84 ) 4,814 9,045 ( 6,270 ) 2,775 Customer Relationships 17 - - - 14,592 ( 10,077 ) 4,515 Patents 10 2,120 ( 35 ) 2,085 - - - Non-Compete Agreements 3 - - - 3,478 ( 3,478 ) - Total $ 7,018 $ ( 119 ) $ 6,899 $ 27,115 $ ( 19,825 ) $ 7,290

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Schedule Of Long Term Debt	Stated Interest Rate (%) December 31, 2020 Senior unsecured notes due September 2024 7.750 $ 500,000 Senior unsecured notes due December 2021 7.125 800,000 Total debt, gross 1,300,000 Reclassification to liabilities subject to compromise ( 1,300,000 ) Unamortized debt issuance costs - Total debt, net $ -

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Operating Lease Expense	Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Long-term fixed lease expense $ 3,782 $ 1,824 $ 7,473 Long-term variable lease expense 29 19 124 Short-term lease expense 1,616 789 4,423 Total operating lease expense $ 5,427 $ 2,632 $ 12,020
Supplemental Balance Sheet Information	Successor Predecessor March 31, 2021 December 31, 2020 Operating lease ROU assets $ 45,965 $ 50,192 Accrued expenses $ 16,835 $ 18,491 Operating lease liabilities 29,416 40,258 Total operating lease liabilities $ 46,251 $ 58,749 Weighted-average remaining lease term 10 years 9 years Weighted-average discount rate 5.33 % 6.35 % Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash paid for operating leases $ 2,929 $ 1,575 $ 7,757 ROU assets obtained in exchange for lease obligations $ 261 $ 453 $ 1,465
Maturities Of Operating Lease Liabilities	Remainder of 2021 $ 13,591 2022 9,863 2023 7,207 2024 4,948 2025 3,844 Thereafter 22,140 Total lease payments 61,593 Less imputed interest ( 15,342 ) Total $ 46,251

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Successor Fair Value at March 31, 2021 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,265 $ - $ 15,265 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,112 $ - $ 2,112 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 19,068 $ - $ 19,068 Predecessor Fair Value at December 31, 2020 Level 1 Level 2 Level 3 Total Intangible and other long-term assets, net: Non-qualified deferred compensation assets $ - $ 15,013 $ - $ 15,013 Accounts payable: Non-qualified deferred compensation liabilities $ - $ 2,869 $ - $ 2,869 Other long-term liabilities: Non-qualified deferred compensation liabilities $ - $ 20,697 $ - $ 20,697 Total debt $ 409,050 $ - $ - $ 409,050
Fair Value Measurements Used In Testing	Prior Predecessor Quarter Impairment Fair Value Property, plant and equipment, net $ 16,522 $ 13,593

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Information [Abstract]
Schedule Of Segment Reporting Information	Successor For the period February 3, 2021 through March 31, 2021 North Corporate and Consolidated Global America Other Total Revenues $ 90,823 $ 38,272 $ - $ 129,095 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion) 57,607 32,091 - 89,698 Depreciation, depletion, amortization and accretion 36,079 15,456 1,272 52,807 General and administrative expenses 10,611 3,636 6,690 20,937 Restructuring and other expenses - - 8,383 8,383 Loss from operations ( 13,474 ) ( 12,911 ) ( 16,345 ) ( 42,730 ) Interest income (expense), net 710 - ( 495 ) 215 Reorganization items, net - - - - Other income - - ( 2,845 ) ( 2,845 ) Loss from continuing operations before income taxes $ ( 12,764 ) $ ( 12,911 ) $ ( 19,685 ) $ ( 45,360 ) Predecessor For the period January 1, 2021 through February 2, 2021 Corporate and Consolidated Global North America Other Total Revenues $ 40,878 $ 15,769 $ - $ 56,647 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion) 24,898 15,064 - 39,962 Depreciation, depletion, amortization and accretion 7,135 3,049 314 10,498 General and administrative expenses 5,521 1,786 4,857 12,164 Restructuring and other expenses - - 1,270 1,270 Income (loss) from operations 3,324 ( 4,130 ) ( 6,441 ) ( 7,247 ) Interest income (expense), net 355 - ( 151 ) 204 Reorganization items, net 39,416 ( 76,238 ) 372,382 335,560 Other expense - - ( 2,104 ) ( 2,104 ) Income (loss) from continuing operations before income taxes $ 43,095 $ ( 80,368 ) $ 363,686 $ 326,413 Three Months Ended March 31, 2020 Onshore Completion Drilling Products and Workover Production Technical Corporate and Consolidated and 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 income - - ( 4,232 ) ( 4,232 ) Income (loss) from continuing operations before income taxes $ 36,727 $ ( 2,998 ) $ ( 3,897 ) $ ( 17,329 ) $ ( 55,092 ) $ ( 42,589 )
Schedule Of Identifiable Assets	Three Months Ended March 31, 2020 Onshore Completion Drilling Products and Workover Production Technical Corporate and Consolidated and 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 income - - ( 4,232 ) ( 4,232 ) Income (loss) from continuing operations before income taxes $ 36,727 $ ( 2,998 ) $ ( 3,897 ) $ ( 17,329 ) $ ( 55,092 ) $ ( 42,589 ) Identifiable Assets North Corporate and Consolidated Global America Other Total March 31, 2021 - Successor $ 970,767 $ 308,373 $ 144,700 $ 1,423,840 Drilling Products Completion and Workover Production Technical Corporate and Consolidated and Services Services Services Solutions Other Total December 31, 2020 - Predecessor $ 557,469 $ 183,065 $ 368,185 $ 260,339 $ 132,021 $ 1,501,079
Revenue By Geographic Area	Revenues Successor Predecessor For the period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 United States $ 76,304 $ 34,582 $ 214,734 Other countries 52,791 22,065 106,763 Total $ 129,095 $ 56,647 $ 321,497 Long-Lived Assets Successor Predecessor March 31, 2021 December 31, 2020 United States $ 438,538 $ 387,097 Other countries 174,059 154,993 Total $ 612,597 $ 542,090

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations [Abstract]
Components Of Income (Loss) From Discontinued Operations	Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Revenues $ - $ - $ 254 Cost of services (1) ( 1,808 ) 210 5,459 Income (loss) from discontinued operations before tax 878 2,265 ( 59,651 ) Income (loss) from discontinued operations, net of income tax 878 2,265 ( 47,129 ) (1) As discussed above under “Changes in Accounting Policies” gains and losses from asset sales are included as a component of Cost of services in the Successor period.
Assets And Liabilities Of Discontinued Operation	Successor Predecessor March 31, 2021 December 31, 2020 Current assets: Other current assets $ 1,997 $ 2,155 Total current assets 1,997 2,155 Property, plant and equipment, net 39,863 45,397 Operating lease ROU assets 21 83 Total assets $ 41,881 $ 47,635 Current liabilities: Accounts payable $ - $ 165 Accrued expenses 1,177 1,326 Total current liabilities 1,177 1,491 Operating lease liabilities - 2,588 Total liabilities $ 1,177 $ 4,079
Schedule Of Cash Flows From Discontinued Operations	Successor Predecessor For the Period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash flows from discontinued operating activities: Reduction in value of assets $ - $ - $ 46,358 Cash flows from discontinued investing activities: Proceeds from sales of assets 5,024 486 8,449

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Successor Predecessor For the period February 3, 2021 through March 31, 2021 For the Period January 1, 2021 through February 2, 2021 Three Months Ended March 31, 2020 Cash, cash equivalents, and restricted cash, beginning of period Cash and cash equivalents $ 172,768 $ 188,006 $ 272,624 Restricted cash-current 16,751 - - Restricted cash-non-current 80,179 80,178 2,764 Cash, cash equivalents, and restricted cash, beginning of period $ 269,698 $ 268,184 $ 275,388 Cash, cash equivalents, and restricted cash, end of period Cash and cash equivalents $ 197,307 $ 172,768 $ 252,221 Restricted cash-current 16,751 16,751 - Restricted cash-non-current 80,056 80,179 2,773 Cash, cash equivalents, and restricted cash, end of period $ 294,114 $ 269,698 $ 254,994

Basis Of Presentation (Details)

Basis Of Presentation (Details) - USD ($) $ in Millions	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020
Original Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Stated interest rate	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Basis Of Presentation [Line Items]
Stated interest rate	7.125%	7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Basis Of Presentation [Line Items]
Stated interest rate	7.75%	7.75%	7.75%
Creditors Escrow [Member]
Basis Of Presentation [Line Items]
Restricted Cash	$ 16.8
Collateral, Secured Obligations [Member]
Basis Of Presentation [Line Items]
Restricted Cash	77.4
Escrow, Future Decommissioning Obligations [Member]
Basis Of Presentation [Line Items]
Restricted Cash	$ 2.6

Emergence from Voluntary Reor_2

Emergence from Voluntary Reorganization under Chapter 11 (Details) $ in Thousands	Sep. 24, 2021USD ($)item	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020
Fresh-Start Adjustment [Line Items]
Amount of Principal		2.00%
Debtor Reorganization Items, Percent Of Stock		100.00%
Original Senior Unsecured Notes Due 2021 [Member]
Fresh-Start Adjustment [Line Items]
Stated interest rate		7.125%
New Senior Unsecured Notes Due 2021 [Member]
Fresh-Start Adjustment [Line Items]
Stated interest rate		7.125%	7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Fresh-Start Adjustment [Line Items]
Stated interest rate		7.75%	7.75%	7.75%
Subsequent Event [Member]
Fresh-Start Adjustment [Line Items]
Bankruptcy Claims, Number Claims Filed | item	646
Bankruptcy Claims, Amount of Claims Filed	$ 1,700,000
Bankruptcy Claims, Number of Claims Expunged by Bankruptcy Court | item	562
Bankruptcy Claims, Amount of Claims Expunged by Bankruptcy Court	$ 1,400,000
Subsequent Event [Member] | Class 6 General Unsecured Claims [Member]
Fresh-Start Adjustment [Line Items]
Bankruptcy Claims, Amount of Claims Filed	232,000
Debtor-in-Possession Financing, Pro Rata Share	$ 125

Fresh Start Accounting (Narrati

Fresh Start Accounting (Narrative) (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021
Fresh-Start Adjustment [Line Items]
Preconfirmation, Assets	$ 1,497,411,000	$ 1,456,800,000	$ 1,456,800,000
Postconfirmation, Liabilities	554,118,000	2,076,100,000	$ 2,076,100,000
Internal Rate Of Return			17.60%
Perpetuity Growth Rate			3.00%
Credit Adjusted Risk-Free Rate			5.60%
Reorganization Expenses, Discount Rate			5.30%
Reorganization Expenses	8,400,000	1,300,000
Reorganization Expenses, Cash Used In Operating Activities	3,100,000	0
Reorganization Items	335,560,000	0
Reorganization Expenses, Professional Fees, Expense	2,700,000
Reorganization Expenses, Professional Fees, Lease Rejection Damages	$ 400,000
Minimum [Member]
Fresh-Start Adjustment [Line Items]
Bankruptcy Proceedings, Enterprise Value		710,000,000	$ 710,000,000
Maximum [Member]
Fresh-Start Adjustment [Line Items]
Bankruptcy Proceedings, Enterprise Value		$ 880,000,000	$ 880,000,000

Fresh Start Accounting (Reorgan

Fresh Start Accounting (Reorganization Of Assets) (Details) $ in Thousands	Sep. 03, 2021USD ($)
Fresh Start Accounting [Abstract]
Selected Enterprise Value w/in Range	$ 729,918
Plus: Cash and cash equivalents	172,768
Plus: Decommissioning Liabilities
Current portion of decommissioning liabilities	380,496
Decommissioning liabilities	173,622
Reorganization value	$ 1,456,804

Fresh Start Accounting (Fresh S

Fresh Start Accounting (Fresh Start) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Feb. 02, 2021
Current assets:
Cash and cash equivalents		$ 194,671
Accounts receivable, net of allowance for doubtful accounts		180,525
Income taxes receivable		9,146
Prepaid expenses		37,041
Inventory and other current assets		99,843
Assets held for sale		47,120
Total current assets		568,346
Property, plant and equipment, net of accumulated depreciation and depletion		533,147
Operating lease right-of-use assets		48,733
Goodwill		138,934
Notes receivable		72,967
Restricted cash - non-current		80,179
Intangible and other long-term assets, net of accumulated amortization		55,105
Total assets	$ 1,456,800	1,497,411
Preconfirmation, Current Liabilities [Abstract]
Accounts payable		55,546
Accrued expenses		143,697
Current portion of decommissioning liabilities		3,776
Liabilities held for sale		552
Total current liabilities		203,571
Decommissioning liabilities		139,503
Operating lease liabilities		32,735
Deferred income taxes		4,853
Other long-term liabilities		122,691
Total non-current liabilities		299,782
Liabilities subject to compromise		1,572,772
Total liabilities not subject to compromise		2,076,125
Stockholders’ equity (deficit):
common stock $0.001 par value		16
Additional paid-in capital		2,757,824
Treasury stock at cost		4,290
Accumulated other comprehensive loss, net		(67,532)
Accumulated deficit		(3,264,732)
Total stockholders’ equity (deficit)		(578,714)
Total liabilities and stockholders’ equity (deficit)		1,497,411
Fresh-Start Adjustment, Increase (Decrease), Assets [Abstract]
Restricted cash - current		16,751
Fresh-Start Adjustment, Increase (Decrease), Liabilities [Abstract]
Liabilities subject to compromise		1,572,772
Postconfirmation, Assets [Abstract]
Cash and cash equivalents		172,768
Restricted cash - current		16,751
Accounts receivable, net of allowance for doubtful accounts		180,536
Income taxes receivable		8,976
Prepaid expenses		37,041
Inventory and other current assets		108,269
Assets held for sale		44,994
Total current assets		569,335
Property, plant and equipment, net of accumulated depreciation and depletion		658,267
Operating lease right-of-use assets		50,518
Notes receivable		72,967
Restricted cash - non-current		80,179
Intangible and other long-term assets, net of accumulated amortization		25,538
Total assets		1,456,804
Postconfirmation, Liabilities [Abstract]
Postconfirmation, Accounts Payable		54,846
Postconfirmation, Accrued Liabilities		155,535
Postconfirmation, Asset Retirement Obligation, Current		358
Postconfirmation, Disposal Group, Including Discontinued Operation, Liabilities		1,396
Postconfirmation, Current Liabilities, Total		212,135
Postconfirmation, Asset Retirement Obligations, Noncurrent		173,264
Postconfirmation, Operating Lease, Liability, Noncurrent		32,330
Postconfirmation, Deferred Income Tax Liabilities, Noncurrent		59,522
Postconfirmation, Noncurrent Other Obligations		76,867
Total non-current liabilities		341,983
Postconfirmation, Liabilities, Total	$ 2,076,100	554,118
Postconfirmation, Stockholders' Equity [Abstract]
common stock $0.001 par value		200
Additional paid-in capital		902,486
Total stockholders’ equity (deficit)		902,686
Total liabilities and stockholders’ equity (deficit)		1,456,804
Reorganization Adjustments [Member]
Fresh-Start Adjustment, Increase (Decrease), Assets [Abstract]
Cash and cash equivalents		(21,903)
Restricted cash - current		16,751
Accounts receivable, net of allowance for doubtful accounts		11
Total current assets		(5,141)
Intangible and other long-term assets, net of accumulated amortization		(10,080)
Total assets		(15,221)
Fresh-Start Adjustment, Increase (Decrease), Liabilities [Abstract]
Accounts payable		(700)
Accrued expenses		9,812
Liabilities held for sale		844
Total current liabilities		9,956
Deferred income taxes		3,100
Total non-current liabilities		3,100
Liabilities subject to compromise		(1,572,772)
Total liabilities not subject to compromise		(1,559,716)
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
common stock $0.001 par value		(16)
common stock $0.001 par value		200
Additional paid-in capital		(2,757,824)
Additional paid-in capital		902,486
Treasury stock at cost		(4,290)
Accumulated deficit		3,395,359
Total stockholders’ equity (deficit)		1,544,495
Total liabilities and stockholders’ equity (deficit)		(15,221)
Fresh Start Accounting Adjustments [Member]
Fresh-Start Adjustment, Increase (Decrease), Assets [Abstract]
Income taxes receivable		(170)
Inventory and other current assets		8,426
Assets held for sale		(2,126)
Total current assets		6,130
Property, plant and equipment, net of accumulated depreciation and depletion		125,120
Operating lease right-of-use assets		1,785
Goodwill		(138,934)
Intangible and other long-term assets, net of accumulated amortization		(19,487)
Total assets		(25,386)
Fresh-Start Adjustment, Increase (Decrease), Liabilities [Abstract]
Accrued expenses		2,026
Current portion of decommissioning liabilities		(3,418)
Total current liabilities		(1,392)
Decommissioning liabilities		33,761
Operating lease liabilities		(405)
Deferred income taxes		51,569
Other long-term liabilities		(45,824)
Total non-current liabilities		39,101
Total liabilities not subject to compromise		37,709
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Accumulated other comprehensive loss, net		67,532
Accumulated deficit		(130,627)
Total stockholders’ equity (deficit)		(63,095)
Total liabilities and stockholders’ equity (deficit)		$ (25,386)

Fresh Start Accounting (Fresh_2

Fresh Start Accounting (Fresh Start II) (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 02, 2021	Feb. 02, 2021	Mar. 31, 2021	Dec. 31, 2020
Fresh Start, Parenthetical [Abstract]
Common stock, par value				$ 0.001
Reorganization Adjustments, Cash And Cash Equivalents [Abstract]
Payment of debtor in possession financing fees		$ (183)
Payment of professional fees at the Emergence Date		(2,649)
Payment to cash opt-in claimants	$ 952
Lease rejection settlements paid at the Emergence Date		(400)
Transfers from cash to restricted cash for Professional Fees Escrow and General Unsecured Creditors Escrow		(16,751)
Payment of debt issuance costs for the Credit Facility		(1,920)
Net change in cash and cash equivalents		(21,903)
Reorganization Adjustments, Restricted Cash [Abstract]
Restricted cash - current	16,751	16,751
Debtor Reorganization Items, Accounts Receivables		11
Reorganization Adjustments, Intangibles [Abstract]
Write-off of deferred financing costs related to the Delayed-Draw Term Loan		(12,000)
Capitalization of debt issuance costs associated with the Credit Facility		1,920
Net change in intangibles and other long-term assets		(10,080)
Reorganization Adjustments, Accounts Payable [Abstract]
Payment of professional fees at the Emergence Date		(2,649)
Professional fees recognized and payable at the Emergence Date		1,949
Net change in accounts payable		(700)
Reorganization Adjustments, Accrued Liabilities [Abstract]
Payment of debtor in possession financing fees		(183)
Accrual of professional fees		6,500
Accrual for transfer taxes		1,900
Reinstatement of lease rejection liabilities to be settled post-emergence		1,470
Accrual of general unsecured claims against parent		125
Net change in accrued liabilities		9,812
Liabilities Subject To Compromise, Settled [Abstract]
Prepetition 7.125% and 7.750% notes including accrued interest and unpaid interest	1,335,794	1,335,794
Lease liabilities settled at the Emergence Date	4,956	4,956
Debtor Reorganization Items, Class 6 Claims	232,022	232,022
Liabilities subject to compromise settled in accordance with the Plan	1,572,772	1,572,772
Reorganization Adjustments, Gain (Loss) On Settlement[Abstract]
Accrued liabilities for lease rejection claims		(1,470)
Lease liabilities settled at Emergence Date		(844)
Payment to settle lease rejection claims		(400)
Proceeds from rights offering	963	963
Cash payout provided to cash opt-in noteholders		(952)
Cash Pool to settle general unsecured claims against the Predecessor		(125)
Issuance of Successor Class A common stock to prepetition noteholders (par value)		(193)
Additional paid-in capital (Successor)		(869,311)
Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value)		(7)
Additional paid-in capital (rights offering shares)		(33,175)
Gain on settlement of liabilities subject to compromise		667,258
Proceeds from rights offering	963	963
Cash payout provided to cash opt-in noteholders	$ 952
Debtor Reorganization Items, Discount Price	$ 1.31
Debtor Reorganization Items, Implied Discount	$ 32,200
Debtor Reorganization Items, Settlement Value Per Share	$ 46.82
Debtor Reorganization Items, Implied Share Price	$ 45.14
Debtor Reorganization Items, Cancellation Of Common Stock		16
Reorganization Adjustments, APIC [Abstract]
Extinguishment of APIC related to Predecessor's outstanding equity interests		(2,758,812)
Extinguishment of RSUs for the Predecessor's incentive plan		988
Net change in Predecessor's additional paid-in capital		(2,757,824)
Debtor Reorganization Items, Cancellation Of Treasury Shares		4,300
Reorganization Adjustments, APIC, Successor [Abstract]
Postconfirmation, Additional APIC, Common Shares		869,311
Postconfirmation, Additional APIC, Rights Offering		33,175
Postconfirmation, Change In APIC		902,486
Reorganization Adjustments, Retained Earnings [Abstract]
Gain on settlement of liabilities subject to compromise		667,258
Debtor Reorganization Items, Taxes Triggered At Emergence Date		(1,900)
Extinguishment of RSUs for the Predecessor's incentive plan		(988)
Debtor Reorganization Items, Adjustment To Deferred Tax Liability		(3,100)
Debtor Reorganization Items, Professional Fees		(8,449)
Write-off of deferred financing costs related to the Delayed-Draw Term Loan		(12,000)
Extinguishment of Predecessor's equity (par value, APIC, and treasury stock)		2,754,538
Net change in retained earnings		3,395,359
Debtor Reorganization Items, Change In Income Tax Receivable		(170)
Reorganization Adjustments, Change In Inventory And Other Current Assets [Abstract]
Debtor Reorganization Items, Elimination Of Decommissioning Accrual		(3,498)
Fair value adjustment to other current assets		(1,310)
Net change in inventory and other current assets due to the adoption of fresh start accounting		8,426
Debtor Reorganization Items, Fair Value Adjustment, Assets Held For Sale		2,100
Debtor Reorganization Items, Fair Value Adjustment, PPE		125,100
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		658,267	$ 2,558,979
Less: Accumulated Depreciation and Depletion			(2,025,832)
Property, Plant and Equipment, net		658,267	533,147
Debtor Reorganization Items, Fair Value Adjustment, Right Of Use Assets		1,800
Debtor Reorganization Items, Change In Goodwill		138,900
Debtor Reorganization Items, Fair Value Adjustment, Intangible Assets		200
Reorganization Adjustments, Intangible Assets [Abstract]
Debtor Reorganization Items, Intangible Assets, Fair Value	$ 7,018	7,018
Debtor Reorganization Items, Intangible Assets	7,170	7,170
Debtor Reorganization Items, Change In Other Long Term Assets		(19,300)
Debtor Reorganization Items, Fair Value Adjustment, Accrued Expenses		2,000
Debtor Reorganization Items, Fair Value Adjustment, Current ARO		3,400
Debtor Reorganization Items, Fair Value Adjustment, Non-Current ARO		33,800
Debtor Reorganization Items, Fair Value Adjustment, Non-Current Operating Lease Liabiliities		400
Debtor Reorganization Items, Change In Deferred Tax Liabilities		70,400
Debtor Reorganization Items, Reclassification Of Deferred Revenue		45,800
Debtor Reorganization Items, FIN48		1,500
Debtor Reorganization Items, Reorganization Expense AOCI		(77,376)
Debtor Reorganization Items, Cumulative Adjustment		(53,251)
Debtor Reorganization Items, Elimination Of AOCI		(130,627)
Trade Names [Member]
Reorganization Adjustments, Intangible Assets [Abstract]
Debtor Reorganization Items, Intangible Assets, Fair Value	4,898	4,898
Debtor Reorganization Items, Intangible Assets	2,268	2,268
Land, Buildings and Improvements [Member]
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		150,089	281,989
Machinery and Equipment [Member]
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		374,643	1,605,074
Rental Services Equipment [Member]
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		92,861	617,762
Other Capitalized Property Plant and Equipment [Member]
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		35,762	49,242
Construction in Progress [Member]
Reorganization Adjustments, PPE [Abstract]
Property, Plant and Equipment		4,912	$ 4,912
Customer Relationships [Member]
Reorganization Adjustments, Intangible Assets [Abstract]
Debtor Reorganization Items, Intangible Assets	4,455	4,455
Patents [Member]
Reorganization Adjustments, Intangible Assets [Abstract]
Debtor Reorganization Items, Intangible Assets, Fair Value	2,120	2,120
Debtor Reorganization Items, Intangible Assets	447	447
Common Class A [Member]
Fresh Start, Parenthetical [Abstract]
Common stock, par value			$ 0.01
Reorganization Adjustments, Changes In Common Stock [Abstract]
Issuance of successor Class A common stock to prepetition noteholders (par value)		193
Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value)		7
Net change in Successor Class A common stock		200
Professional Fee Escrow [Member]
Reorganization Adjustments, Restricted Cash [Abstract]
Restricted cash - current	16,626	16,626
General Unsecured Creditors Escrow [Member]
Reorganization Adjustments, Restricted Cash [Abstract]
Restricted cash - current	$ 125	125
Global [Member]
Reorganization Adjustments, Change In Inventory And Other Current Assets [Abstract]
Fair value adjustment to inventory		12,137
North America, Segment [Member]
Reorganization Adjustments, Change In Inventory And Other Current Assets [Abstract]
Fair value adjustment to inventory		$ 1,097
New Senior Unsecured Notes Due 2021 [Member]
Liabilities Subject To Compromise, Settled [Abstract]
Stated interest rate	7.125%	7.125%	7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Liabilities Subject To Compromise, Settled [Abstract]
Stated interest rate	7.75%	7.75%	7.75%	7.75%

Fresh Start Accounting (Reorg_2

Fresh Start Accounting (Reorganization) (Details) - USD ($)	1 Months Ended	2 Months Ended
	Feb. 02, 2021	Mar. 31, 2021
Fresh Start Accounting [Abstract]
Gain on settlement of liabilities subject to compromise	$ 667,258,000
Allowed claim adjustment for Class 6 claims	(232,022,000)
Loss on fresh start adjustment	(77,376,000)
Professional fees	(16,005,000)
Rejected leases	13,347,000
Debtor in possession credit facility costs	(12,000,000)
Lease rejection damages	(4,956,000)
Extinguishment of RSUs for the Predecessor's incentive plan	(988,000)
Other items	(1,698,000)
Total reorganization income (expense), net	$ 335,560,000	$ 0

Revenue (Narrative) (Details)

Revenue (Narrative) (Details)	3 Months Ended
	Mar. 31, 2021
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	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 56,647	$ 129,095	$ 321,497	$ 321,497
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,015	36,479		134,678
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	15,567	39,825		80,056
International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	22,065	52,791	$ 106,763	106,763
Global [Member]
Disaggregation of Revenue [Line Items]
Total revenues	40,878	90,823
Global [Member] | U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	7,472	11,660		41,376
Global [Member] | U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,894	28,010		59,114
Global [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	553	1,639		2,467
North America, Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	15,769	38,272
North America, Segment [Member] | U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,543	24,819		93,302
North America, Segment [Member] | U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,673	11,815		20,942
North America, Segment [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 21,512	$ 51,152		104,296
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				103,993
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				61,218
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				101,504
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues				$ 54,782

Revenue (Disaggregation Of Re_2

Revenue (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 56,647	$ 129,095	$ 321,497	$ 321,497
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				103,993
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				61,218
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues				101,504
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues				54,782
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	30,189	69,801		180,236
Services [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	19,203	44,586		91,313
Services [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	10,986	25,215		88,923
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total revenues	15,123	32,915		100,105
Rentals [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	12,920	27,063		79,824
Rentals [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,203	5,852		20,281
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total revenues	11,335	26,379		41,156
Product Sales [Member] | Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,755	19,173		33,646
Product Sales [Member] | Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,580	$ 7,206		$ 7,510

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory [Abstract]
Finished goods	$ 44,282	$ 44,123
Raw materials	8,474	11,345
WIP	5,936	6,185
Supplies and consumables	38,789	25,070
Total	$ 97,481	$ 86,723

Notes Receivable (Details)

Notes Receivable (Details) - Notes Receivable, Seller Obligation [Member] - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Debt Instrument, Face Amount		$ 115,000,000	$ 115,000,000
Amount of notes receivable		73,200,000	$ 73,200,000
Interest rate percentage to record present value of notes receivable			6.58%
Company recorded interest income	$ 400,000	$ 700,000		$ 1,200,000

Property, Plant and Equipment_2

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation	$ 9.5	$ 50.9		$ 28.6
Fully Depreciated Assets [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average			36 months
Assets, Fair Value Disclosure		282.1	$ 282.1
Depreciation, Remainder Of Year 1		203.8	203.8
Depreciation, Year 2		86.9	86.9
Depreciation, Year 3		$ 50	$ 50

Property, Plant and Equipment_3

Property, Plant and Equipment (Estimated Useful Lives) (Details)	3 Months Ended
	Mar. 31, 2021
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	20 years
Buildings, Improvements And Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	10 years
Buildings, Improvements And Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	30 years
Automobiles, Trucks, Tractors and Trailers [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	4 years
Automobiles, Trucks, Tractors and Trailers [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	7 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	10 years

Property, Plant and Equipment_4

Property, Plant and Equipment (Summary of PP&E) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total	$ 664,106	$ 2,576,870
Accumulated depreciation and depletion	(51,509)	(2,034,780)
Property, plant and equipment, net	612,597	542,090
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	459,973	2,228,539
Buildings, Improvements And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	106,790	227,828
Automobiles, Trucks, Tractors and Trailers [Member]
Property, Plant and Equipment [Line Items]
Total	8,523	12,395
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	20,644	34,246
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total	5,375	4,793
Land [Member]
Property, Plant and Equipment [Line Items]
Total	43,734	53,952
Oil and Gas Properties [Member]
Property, Plant and Equipment [Line Items]
Total	$ 19,067	$ 15,117

Intangibles (Narrative) (Detail

Intangibles (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Goodwill and Intangibles [Abstract]
Amortization of Intangible Assets	$ 100	$ 100	$ 400
Finite-Lived Intangible Assets, Net		6,899		$ 7,290
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year		500
Finite-Lived Intangible Asset, Expected Amortization, Year Two Through Five		$ 700

Intangibles (Intangible Assets)

Intangibles (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 7,018	$ 27,115
Accumulated Amortization	(119)	(19,825)
Net Balance	$ 6,899	7,290
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	10 years
Gross Amount	$ 4,898	9,045
Accumulated Amortization	(84)	(6,270)
Net Balance	$ 4,814	2,775
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	17 years
Gross Amount		14,592
Accumulated Amortization		(10,077)
Net Balance		4,515
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	10 years
Gross Amount	$ 2,120
Accumulated Amortization	(35)
Net Balance	$ 2,085
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	3 years
Gross Amount		3,478
Accumulated Amortization		$ (3,478)

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	1 Months Ended	2 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Feb. 01, 2021	Dec. 31, 2020	Dec. 09, 2020
Debt Instrument [Line Items]
Reorganization items, net	$ 335,560,000	$ 0
Extinguishment of Debt, Amount	$ 35,800,000	$ 35,800,000
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate		7.125%	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	7.125%	7.125%	7.125%		7.125%
Letters of Credit Outstanding, Amount					$ 800,000,000
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Stated interest rate	7.75%	7.75%	7.75%		7.75%
Letters of Credit Outstanding, Amount					$ 500,000,000
JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 120,000,000	$ 120,000,000
Cash collateralized		75,000,000	$ 75,000,000
Line of Credit Facility, Commitment Fee Percentage			0.50%
Line of Credit Facility, Fixed Charge Coverage Ratio, Amount		20,000,000	$ 20,000,000
Letters of Credit Outstanding, Amount		47,500,000	47,500,000
JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member] | Scenario, Plan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 170,000,000	$ 170,000,000
Delayed-Draw Term Loan Commitment Letter [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 200,000,000
Line of Credit Facility, Commitment Fee Amount	12,000,000
Reorganization items, net	$ (12,000,000)
Debtor-In-Possession Financing Facility [Member] | Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 46,600,000		$ 120,000,000
Minimum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Stated interest rate		3.00%	3.00%
Line of Credit Facility, Coverage Ratio		0.25%	0.25%
Line of Credit Facility, Fixed Charge Coverage Ratio		1.00%	1.00%
Line of Credit Facility, Fixed Charge Coverage Ratio, Aggregate Commitments		15.00%	15.00%
Minimum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate			3.00%
Minimum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Variable interest rate			2.00%
Maximum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Stated interest rate		3.50%	3.50%
Line of Credit Facility, Fixed Charge Coverage Ratio		1.00%	1.00%
Maximum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate			3.50%
Maximum [Member] | JPMorgan Chase Bank Asset Backed Secured Revolving Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Variable interest rate			2.50%

Debt (Schedule Of Long Term Deb

Debt (Schedule Of Long Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt, gross			$ 1,300,000
liabilities subject to compromise			1,335,794
Unamortized debt issuance costs
Total debt, net
Revision of Prior Period, Reclassification, Adjustment [Member]
Debt Instrument [Line Items]
liabilities subject to compromise			(1,300,000)
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total debt, gross			$ 500,000
Stated interest rate	7.75%	7.75%	7.75%
New Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt, gross			$ 800,000
Stated interest rate	7.125%	7.125%	7.125%
Original Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Stated interest rate	7.125%

Decommissioning Liabilities (De

Decommissioning Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities	$ 174.5	$ 142.7

Leases (Operating Lease Expense

Leases (Operating Lease Expense) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Long-term fixed lease expense	$ 1,824	$ 3,782	$ 7,473
Long-term variable lease expense	19	29	124
Short-term lease expense	789	1,616	4,423
Total operating lease expense	$ 2,632	$ 5,427	$ 12,020

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Leases [Abstract]
Operating lease ROU assets		$ 45,965		$ 50,192
Accrued expenses		16,835		18,491
Operating lease liabilities		29,416		40,258
Total operating lease liabilities		$ 46,251		$ 58,749
Weighted average remaining lease term		10 years		9 years
Weighted average discount rate		5.33%		6.35%
Cash paid for operating leases	$ 1,575	$ 2,929	$ 7,757
ROU assets obtained in exchange for lease obligations	$ 453	$ 261	$ 1,465

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Remainder of 2021	$ 13,591
2022	9,863
2023	7,207
2024	4,948
2025	3,844
Thereafter	22,140
Total lease payments	61,593
Less imputed interest	(15,342)
Total	$ 46,251	$ 58,749

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	2 Months Ended
	Mar. 31, 2021USD ($)
Fair Value Measurements [Abstract]
Cancelled stock incentive plans	$ 0

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, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt		$ 409,050
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	$ 15,265	15,013
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,112	2,869
Other long-term liabilities	19,068	20,697
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt		409,050
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	15,265	15,013
Level 2 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,112	2,869
Other long-term liabilities	$ 19,068	$ 20,697

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements Used In Testing) (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	1 Months Ended
	Feb. 02, 2021USD ($)
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 (Narrative)

Segment Information (Narrative) (Details)	Mar. 31, 2021
Federal Offshore Oil And Gas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage	51.00%

Segment Information (Schedule O

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 56,647,000	$ 129,095,000	$ 321,497,000	$ 321,497,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	39,962,000	89,698,000		211,686,000
Depreciation, depletion, amortization and accretion	10,498,000	52,807,000		41,355,000
General and administrative expenses	12,164,000	20,937,000		65,157,000
Restructuring and other expenses	1,270,000	8,383,000
Reduction in value of assets				16,522,000
Loss from operations	(7,247,000)	(42,730,000)		(13,223,000)
Interest income (expense), net	204,000	215,000		(25,134,000)
Reorganization items, net	335,560,000	0
Other income (expense):	(2,104,000)	(2,845,000)		(4,232,000)
Income (loss) from continuing operations before income taxes	326,413,000	(45,360,000)		(42,589,000)
Global [Member]
Segment Reporting Information [Line Items]
Revenues	40,878,000	90,823,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	24,898,000	57,607,000
Depreciation, depletion, amortization and accretion	7,135,000	36,079,000
General and administrative expenses	5,521,000	10,611,000
Loss from operations	3,324,000	(13,474,000)
Interest income (expense), net	355,000	710,000
Reorganization items, net	39,416,000
Income (loss) from continuing operations before income taxes	43,095,000	(12,764,000)
North America, Segment [Member]
Segment Reporting Information [Line Items]
Revenues	15,769,000	38,272,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion	15,064,000	32,091,000
Depreciation, depletion, amortization and accretion	3,049,000	15,456,000
General and administrative expenses	1,786,000	3,636,000
Loss from operations	(4,130,000)	(12,911,000)
Reorganization items, net	(76,238,000)
Income (loss) from continuing operations before income taxes	(80,368,000)	(12,911,000)
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Revenues				103,993,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion				34,963,000
Depreciation, depletion, amortization and accretion				17,790,000
General and administrative expenses				14,513,000
Loss from operations				36,727,000
Income (loss) from continuing operations before income taxes				36,727,000
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Revenues				61,218,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion				52,589,000
Depreciation, depletion, amortization and accretion				6,313,000
General and administrative expenses				5,314,000
Loss from operations				(2,998,000)
Income (loss) from continuing operations before income taxes				(2,998,000)
Production Services [Member]
Segment Reporting Information [Line Items]
Revenues				101,504,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion				82,612,000
Depreciation, depletion, amortization and accretion				10,838,000
General and administrative expenses				7,855,000
Reduction in value of assets				4,096,000
Loss from operations				(3,897,000)
Income (loss) from continuing operations before income taxes				(3,897,000)
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Revenues				54,782,000
Cost of revenues (exclusive of depreciation, depletion, amortization and accretion				41,522,000
Depreciation, depletion, amortization and accretion				5,345,000
General and administrative expenses				13,991,000
Reduction in value of assets				12,426,000
Loss from operations				(18,502,000)
Interest income (expense), net				1,173,000
Income (loss) from continuing operations before income taxes				(17,329,000)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	314,000	1,272,000		1,069,000
General and administrative expenses	4,857,000	6,690,000		23,484,000
Restructuring and other expenses	1,270,000	8,383,000
Loss from operations	(6,441,000)	(16,345,000)		(24,553,000)
Interest income (expense), net	(151,000)	(495,000)		(26,307,000)
Reorganization items, net	372,382,000
Other income (expense):	(2,104,000)	(2,845,000)		(4,232,000)
Income (loss) from continuing operations before income taxes	$ 363,686,000	$ (19,685,000)		$ (55,092,000)

Segment Information (Schedule_2

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Identifiable Assets	$ 1,423,840	$ 1,501,079
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	970,767	557,469
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets		183,065
Production Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets		368,185
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	308,373	260,339
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 144,700	$ 132,021

Segment Information (Revenue By

Segment Information (Revenue By Geographic Area) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 56,647	$ 129,095	$ 321,497	$ 321,497
Long-lived assets		612,597	612,597		$ 542,090
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	34,582	76,304	214,734
Long-lived assets		438,538	438,538		387,097
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 22,065	52,791	106,763	$ 106,763
Long-lived assets		$ 174,059	$ 174,059		$ 154,993

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
Other Nonoperating Income (Expense) [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	16,500
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
Global [Member] | Other Nonoperating Income (Expense) [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in value of long-lived assets	$ 16,500

Goodwill (Details)

Goodwill (Details) - USD ($)	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020
Goodwill and Intangibles [Abstract]
Goodwill	$ 0	$ 138,900,000	$ 138,677,000

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Details) - USD ($)	2 Months Ended
	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelled stock incentive plans	$ 0
Original Senior Unsecured Notes Due 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stated interest rate	7.125%
New Senior Unsecured Notes Due 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stated interest rate	7.125%	7.125%	7.125%
Senior Unsecured Notes Due 2024 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stated interest rate	7.75%	7.75%	7.75%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Percent	18.40%	17.30%		24.10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	21.00%	21.00%
Current Foreign Tax Expense (Benefit)		$ 0
Unrecorded tax benefits		14,700,000	$ 14,700,000		$ 13,200,000
Deferred Tax Assets, Valuation Allowance		$ 97,200,000	$ 97,200,000

Earnings Per Share (Details)

Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2021shares
Earnings Per Share [Abstract]
Antidilutive shares	0

Contingencies (Details)

Contingencies (Details) $ in Millions	Apr. 02, 2018employee	Mar. 31, 2021USD ($)
Number of people involved in lawsuit | employee	2
Loss Contingency, Royalty	25.00%
Loss Contingency, Alleged Royalty	50.00%
Second Case [Member]
Loss Contingency Accrual		$ 5.5
Indian Oil And Gas Company [Member]
Potential loss in lawsuit		7.3
Loss Contingency, Estimate of Possible Loss		$ 7.3

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reduction in value of assets held for sale	$ (2,654)		$ 46,358
Income tax expense (benefit)	$ 59,901	$ (7,852)	(10,254)
Segment, Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reduction in value of assets held for sale			46,400
Income tax expense (benefit)			$ 12,500

Discontinued Operations (Compon

Discontinued Operations (Components Of Income (Loss) From Discontinued Operations) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended	9 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020	Sep. 28, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposition, net of tax				$ 57,000
Income (loss) from discontinued operations, net of income tax	$ 2,265	$ 878	$ (47,129)
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues			254
Cost of services	210	(1,808)	5,459
Loss from discontinued operations before tax	2,265	878	(59,651)
Income (loss) from discontinued operations, net of income tax	$ 2,265	$ 878	$ (47,129)

Discontinued Operations (Assets

Discontinued Operations (Assets And Liabilities Of Discontinued Operation) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	$ 41,881	$ 47,635
Total assets	51,000
Total liabilities	1,177	4,079
Pumpco [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other current assets	1,997	2,155
Total current assets	1,997	2,155
Property, plant and equipment, net	39,863	45,397
Operating lease ROU assets	21	83
Total assets	41,881	47,635
Accounts payable		165
Accrued expenses	1,177	1,326
Total current liabilities	1,177	1,491
Operating lease liabilities		2,588
Total liabilities	$ 1,177	$ 4,079

Discontinued Operations (Schedu

Discontinued Operations (Schedule Of Cash Flows From Discontinued Operations) (Details) - Pumpco [Member] - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended
	Feb. 02, 2021	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reduction in value of assets			$ 46,358
Proceeds from sales of assets	$ 486	$ 5,024	$ 8,449

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Feb. 02, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 197,307	$ 172,768	$ 188,006	$ 252,221	$ 272,624
Restricted cash-current	16,751	16,751
Restricted cash-current	80,056	80,179	80,178	2,773	2,764
Cash, cash equivalents, and restricted cash	$ 294,114	$ 269,698	$ 268,184	$ 254,994	$ 275,388

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 09, 2021	Jun. 01, 2021	Mar. 31, 2021	Sep. 28, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Common stock, par value					$ 0.001
Disposal Group, Including Discontinued Operation, Assets			$ 51
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax				$ 57
Subsequent Event [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Employee [Member] | Board of Directors Chairman [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		33,519
Subsequent Event [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Employee [Member] | Chief Financial Officer [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		12,649
Subsequent Event [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Nonemployee [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		113,840
Common Class A [Member]
Subsequent Event [Line Items]
Common stock, par value			$ 0.01
Common Class B [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock reserved for issuance		1,999,869
Common stock, par value		$ 0.01
SES Holdings [Member]
Subsequent Event [Line Items]
Gain (Loss) on Sale of Derivatives			$ 16.7
SES Holdings [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, par value	$ 0.01
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred	$ 14
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	3,600,000