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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2015	Jul. 27, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Civeo Corp
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		107,459,063
Amendment Flag	false
Entity Central Index Key	0001590584
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Service and other	$ 128,851	$ 223,927	$ 296,983	$ 462,840
Product	14,296	3,206	17,151	17,092
	143,147	227,133	314,134	479,932
Costs and expenses:
Service and other costs	77,010	131,110	176,849	262,488
Product costs	12,414	2,195	15,486	14,327
Selling, general and administrative expenses	18,419	21,708	35,105	37,853
Spin-off and formation costs		1,896		2,469
Depreciation and amortization expense	42,541	42,413	84,987	82,012
Impairment expense	9,473	11,610	12,211	11,610
Other operating expense (income)	(2,573)	(25)	(1,243)	87
	157,284	210,907	323,395	410,846
Operating income (loss)	(14,137)	16,226	(9,261)	69,086
Interest expense to affiliates		(2,828)		(6,980)
Interest expense to third-parties, net of capitalized interest	(6,248)	(2,269)	(11,857)	(3,110)
Loss on extinguishment of debt		(3,455)		(3,455)
Interest income	687	991	1,809	1,793
Other income	566	709	1,564	947
Income (loss) before income taxes	(19,132)	9,374	(17,745)	58,281
Income tax benefit (provision)	5,863	4,911	4,706	(7,400)
Net income (loss)	(13,269)	14,285	(13,039)	50,881
Less: Net income attributable to noncontrolling interest	192	336	438	693
Net income (loss) attributable to Civeo Corporation.	$ (13,461)	$ 13,949	$ (13,477)	$ 50,188
Per Share Data (see Note 6)
Basic net income (loss) per share attributable to Civeo Corporation common stockholders (in Dollars per share)	$ (0.13)	$ 0.13	$ (0.13)	$ 0.47
Diluted net income (loss) per share attributable to Civeo Corporation common stockholders. (in Dollars per share)	$ (0.13)	$ 0.13	$ (0.13)	$ 0.47
Weighted average number of common shares outstanding:
Basic (in Shares)	106,626	106,294	106,543	106,294
Diluted (in Shares)	106,626	106,465	106,543	106,463

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income (loss)	$ (13,269)	$ 14,285	$ (13,039)	$ 50,881
Other comprehensive income (loss):
Foreign currency translation adjustment, net of taxes of ($0.4) million, zero, $1.9 million and zero, respectively	18,301	41,127	(92,723)	54,140
Total other comprehensive income (loss)	18,301	41,127	(92,723)	54,140
Comprehensive income (loss)	5,032	55,412	(105,762)	105,021
Comprehensive (income) attributable to noncontrolling interest	(252)	(400)	(312)	(691)
Comprehensive income (loss) attributable to Civeo Corporation.	$ 4,780	$ 55,012	$ (106,074)	$ 104,330

Unaudited Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Foreign currency translation adjustment, taxes	$ (400)	$ 0	$ 1,900	$ 0

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 315,169	$ 263,314
Accounts receivable, net	111,113	160,253
Inventories	6,246	13,228
Prepaid expenses	30,593	20,670
Other current assets	6,489	6,491
Assets held for sale	8,498
Total current assets	478,108	463,956
Property, plant and equipment, net	1,105,508	1,248,430
Goodwill, net	44,984	45,260
Other intangible assets, net	43,540	50,882
Other noncurrent assets	24,584	20,633
Total assets	1,696,724	1,829,161
Current liabilities:
Accounts payable	24,997	36,277
Accrued liabilities	15,857	22,512
Income taxes	16	61
Current portion of long-term debt	38,750	19,375
Deferred revenue	13,083	18,539
Other current liabilities	21,659	21,677
Total current liabilities	114,362	118,441
Long-term debt, less current maturities	736,250	755,625
Deferred income taxes	52,993	55,500
Other noncurrent liabilities	37,778	39,486
Total liabilities	941,383	969,052
Commitments and contingencies (Note 9)
Stockholders’ Equity:
Common stock ($0.01 par value, 550,000,000 shares authorized, 107,496,600 shares and 106,721,483 shares issued, respectively, and 107,459,063 shares and 106,721,483 shares outstanding, respectively)	1,075	1,067
Additional paid-in capital	1,302,864	1,300,042
Accumulated deficit	(258,094)	(244,617)
Common stock held in treasury at cost, 37,537 and zero shares, respectively	(146)
Accumulated other comprehensive loss	(291,088)	(198,491)
Total Civeo Corporation stockholders’ equity	754,611	858,001
Noncontrolling interest	730	2,108
Total stockholders’ equity	755,341	860,109
Total liabilities and stockholders’ equity	$ 1,696,724	$ 1,829,161

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	107,496,600	106,721,483
Common stock, shares outstanding	107,459,063	106,721,483
Treasury shares	37,537	0

Unaudited Consolidated Statements of Changes in Stockholders' Equity/Net Investment - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Oil States Net Investment [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2013					$ 1,651,013	$ (59,979)	$ 1,711	$ 1,592,745
Net income (loss)			$ 8,507		41,681		693	50,881
Currency translation adjustment						54,142	(2)	54,140
Dividends paid							(477)	(477)
Net transfers from Oil States International, Inc					369,219			369,219
Distribution to Oil States International, Inc.					(750,000)			(750,000)
Reclassification of Oil States International, Inc. Net Investment to Additional Paid-in Capital		$ 1,311,913			$ (1,311,913)
Issuance of common stock at the Spin-Off	$ 1,065	(1,065)
Stock-based compensation	2	547						549
Balance at Jun. 30, 2014	1,067	1,311,395	8,507			(5,837)	1,925	1,317,057
Balance at Dec. 31, 2014	1,067	1,300,042	(244,617)			(198,491)	2,108	860,109
Net income (loss)			(13,477)				438	(13,039)
Currency translation adjustment						(92,597)	(126)	(92,723)
Dividends paid							(1,690)	(1,690)
Stock-based compensation	8	2,822		$ (146)				2,684
Balance at Jun. 30, 2015	$ 1,075	$ 1,302,864	$ (258,094)	$ (146)		$ (291,088)	$ 730	$ 755,341

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ (13,039)	$ 50,881
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	84,987	82,012
Impairment charges	12,211	11,610
Inventory write-down	1,015
Loss on extinguishment of debt		3,455
Deferred income tax benefit	(7,469)	(7,151)
Non-cash compensation charge	2,331	5,419
(Gains) losses on disposals of assets	(642)	574
Provision for loss on receivables	1,055	199
Other, net	(164)	851
Changes in operating assets and liabilities:
Accounts receivable	38,761	(12,622)
Inventories	5,352	8,841
Accounts payable and accrued liabilities	(14,561)	21,405
Taxes payable	(7,324)	(14,376)
Other current assets and liabilities, net	(8,223)	3,633
Net cash flows provided by operating activities	94,290	154,731
Cash flows from investing activities:
Capital expenditures, including capitalized interest	(24,102)	(141,667)
Proceeds from disposition of property, plant and equipment	1,844	1,350
Other, net		(778)
Net cash flows used in investing activities	(22,258)	(141,095)
Cash flows from financing activities:
Proceeds from issuance of common stock	500
Term loan borrowings		775,000
Debt issuance costs		(9,106)
Distributions to Oil States		(750,000)
Contributions from Oil States		28,170
Net cash flows provided by financing activities	500	44,064
Effect of exchange rate changes on cash	(20,677)	3,666
Net change in cash and cash equivalents	51,855	61,366
Cash and cash equivalents, beginning of period	263,314	224,128
Cash and cash equivalents, end of period	$ 315,169	$ 285,494

Note 1 - Description of Business and Basis of Presentation

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Business Description and Basis of Presentation [Text Block]

1.	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Description of the Business

We are one of North America’s and Australia’s largest integrated providers of accommodations services for people working in remote locations. Our scalable modular facilities provide long-term and temporary workforce accommodations where traditional infrastructure is insufficient, inaccessible or not cost effective. Once facilities are deployed in the field, we also provide catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. Our accommodations support workforces in the Canadian oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications as well as disaster relief efforts, primarily in Canada, Australia and the United States. We operate in three principal reportable business segments – Canadian, Australian and U.S.

On May 5, 2014, the Oil States International, Inc. (Oil States) board of directors approved the separation of its Accommodations Segment (Accommodations) into a standalone, publicly traded Delaware corporation, Civeo Corporation, now named Civeo USA Corp. (Civeo US). In accordance with the Separation and Distribution Agreement, the two companies were separated by Oil States distributing to its stockholders all 106,538,044 shares of common stock of Civeo US it held after the market closed on May 30, 2014 (the Spin-Off). Each Oil States stockholder received two shares of Civeo US common stock for every one share of Oil States stock held at the close of business on the record date of May 21, 2014. In conjunction with the Spin-Off, Oil States received a private letter ruling from the Internal Revenue Service to the effect that, based on certain facts, assumptions, representations and undertakings set forth in the ruling, for U.S. federal income tax purposes, the distribution of Civeo US common stock was not taxable to Oil States or U.S. holders of Oil States common stock. Following the Spin-Off, Oil States retained no ownership interest in Civeo US, and each company now has separate public ownership, boards of directors and management. A registration statement on Form 10, as amended through the time of its effectiveness, describing the Spin-Off was filed by Civeo US with the U.S. Securities and Exchange Commission (SEC) and was declared effective on May 8, 2014. On June 2, 2014, Civeo US stock began trading the “regular-way” on the New York Stock Exchange (NYSE) under the “CVEO” stock symbol. Pursuant to the Separation and Distribution Agreement with Oil States, on May 28, 2014, we made a special cash distribution to Oil States of $750 million.

In connection with the Spin-Off, on May 28, 2014, we entered into a $650.0 million, 5-year revolving credit facility and a 5-year U.S. term loan facility totaling $775.0 million (collectively, the Credit Facility) for an aggregate borrowing capacity of $1.4 billion.

On July 17, 2015, we completed our change in place of incorporation, pursuant to which Civeo Corporation, a British Columbia, Canada limited company formerly named Civeo Canadian Holdings ULC (Civeo Canada), became the publicly traded parent company of the Civeo group of companies (the Redomicile Transaction). The Redomicile Transaction was effected pursuant to a previously announced Agreement and Plan of Merger, dated as of April 6, 2015, between Civeo US, Civeo US Merger Co, a Delaware corporation and wholly owned subsidiary of Civeo Canada (US Merger Co), and Civeo Canada. At the effective time of the merger, (i) US Merger Co was merged with Civeo US, with Civeo US surviving the merger as a wholly owned subsidiary of Civeo Canada, and (ii) each issued share of Civeo US common stock, other than those shares of Civeo US common stock held by Civeo US in treasury, was effectively transferred to Civeo Canada and converted into one common share, no par value, of Civeo Canada. An aggregate of approximately 107.5 million Civeo Canada common shares were issued at the effective time as merger consideration. The Civeo Canada common shares have been listed on the NYSE under the symbol “CVEO”, the same symbol under which the Civeo US common stock traded prior to the effective time.

We believe that the Redomicile Transaction qualified as a “self-directed redomiciling” of the Company as permitted under the U.S. Internal Revenue Code. U.S. federal income tax laws permit a company to change its domicile to a foreign jurisdiction without corporate-level U.S. federal income taxes provided that such company has “substantial business activity” in the relevant jurisdiction. “Substantial business activity” is defined as foreign operations consisting of over 25% of the company’s total (i) revenues, (ii) assets, (iii) employees and (iv) employee compensation. With approximately 50% or more of our operations in Canada based on these metrics, we believe we qualified for a self-directed redomiciling.

Also on July 17, 2015, the First Amendment to the Credit Facility (the Amended Credit Facility) became effective. The Amended Credit Facility, among other things, (i) allows us to borrow under new Canadian tranches of the Credit Facility, (ii) substantially reduced both the existing U.S. term loan and the U.S. revolver and (iii) increased the maximum leverage ratio allowed under the Credit Facility. For further information, please see Note 7 – Debt to the Unaudited Consolidated Financial Statements.

Basis of Presentation

Unless otherwise stated or the context otherwise indicates, all references in these consolidated financial statements to “Civeo,” “the Company,” “us,” “our” or “we” for the time period prior to the Spin-Off mean the Accommodations business of Oil States. For time periods after the Spin-Off but prior to July 17, 2015, these terms refer to Civeo US and its consolidated subsidiaries. For time periods after July 17, 2015, these terms refer to Civeo Canada and its consolidated subsidiaries.

Prior to the Spin-Off, our financial position, results of operations and cash flows consisted of the Oil States’ Accommodations business and an allocable portion of its corporate costs, which represented a combined reporting entity. The combined financial statements for periods prior to the Spin-Off have been prepared on a stand-alone basis and are derived from the consolidated financial statements and accounting records of Oil States. The combined financial statements reflect our historical financial position, results of operations and cash flows as we were historically managed, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The combined financial statements include certain assets and liabilities that have historically been held at the Oil States corporate level, but are specifically identifiable or otherwise attributable to us.

All financial information presented after the Spin-Off represents the consolidated results of operations, financial position and cash flows of Civeo. Accordingly:

●

Our consolidated statements of operations and comprehensive income for the three months ended June 30, 2014 consist of (i) the combined results of the Oil States’ Accommodations business for the two months ended May 30, 2014 and (ii) the consolidated results of Civeo for the month ended June 30, 2014. Our consolidated statements of operations, comprehensive income, cash flows and changes in stockholders’ equity / net investment for the six months ended June 30, 2014 consist of (i) the combined results of the Oil States’ Accommodations business for the five months ended May 30, 2014 and (ii) the consolidated results of Civeo for the month ended June 30, 2014.

●

Our consolidated statements of operations, comprehensive income, cash flows and changes in stockholders’ equity / net investment for the three and six months ended June 30, 2015 consist entirely of the consolidated results of Civeo.

●

Our consolidated balance sheets at June 30, 2015 and December 31, 2014 consist of the consolidated balances of Civeo.

The assets and liabilities in our consolidated financial statements have been reflected on a historical basis, as immediately prior to the Spin-Off all of the assets and liabilities presented were wholly owned by Oil States and were transferred within the Oil States consolidated group. All intercompany transactions and accounts have been eliminated. All affiliate transactions between Civeo and Oil States have been included in these consolidated financial statements.

The consolidated financial statements for periods prior to the Spin-Off included expense allocations for: (1) certain corporate functions historically provided by Oil States, including, but not limited to finance, legal, risk management, tax, treasury, information technology, human resources, and certain other shared services; (2) certain employee benefits and incentives; and (3) equity-based compensation. These expenses were allocated to us on the basis of direct usage when identifiable, with the remainder allocated based on estimated time spent by Oil States personnel, a pro-rata basis of headcount or other relevant measures of Oil States and its subsidiaries. We consider the basis on which the expenses were allocated to be a reasonable reflection of the utilization of services provided to or the benefit received by us during the periods presented. The allocations may not, however, reflect the expense we would have incurred as an independent, publicly traded company for the periods presented. Actual costs that may have been incurred if we had been a stand-alone company would depend on a number of factors, including the chosen organizational structure, which functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure.

Oil States used a centralized approach to the cash management and financing of its U.S. operations. Prior to February 2014, cash from our U.S. operations was transferred to Oil States daily and Oil States funded our U.S. operating and investing activities as needed. Accordingly, the cash and cash equivalents held by Oil States at the corporate level were not allocated to us for any of the periods presented prior to February 2014. We reflected the transfer of cash to and from Oil States as a component of “Net Investment of Oil States International, Inc.” on our consolidated balance sheet. We have not included interest expense for intercompany cash advances from Oil States, since historically Oil States has not allocated interest expense related to intercompany advances to any of its businesses. Beginning in February 2014, we established Civeo cash accounts and funded a portion of our U.S. operating and investing activities.

The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the SEC pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with GAAP has been condensed or omitted pursuant to these rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which the Company considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of the Company at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year.

The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions, upon which the financial statements are based, change in future periods, actual amounts may differ from those included in the accompanying consolidated financial statements.

The financial statements included in this report should be read in conjunction with our audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2014.

Note 2 - Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

2.	RECENT ACCOUNTING PRONOUNCEMENTS

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption.

In April 2015, the FASB issued Accounting Standards Update (ASU) 2015-03 "Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03). ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that such costs be presented as a deduction from the corresponding debt liability. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2015 and interim periods within the reporting periods and requires retrospective presentation. Early adoption is permitted. We plan to adopt the standard in the first quarter of 2016. As of June 30, 2015, we had debt issuance costs totaling $7.6 million, which are included in Prepaid expenses and other current assets ($1.9 million) and Other non-current assets ($5.7 million) on the accompanying unaudited consolidated balance sheets. A portion of these costs relate to revolving lines of credit, and will accordingly continue to be included in Prepaid expenses and other current assets or Other non-current assets.

In February 2015, the FASB issued ASU 2015-02 "Amendments to the Consolidation Analysis" (ASU 2015-02). ASU 2015-02 alters the models used to determine consolidation conclusions for certain entities, including limited partnerships, and may require additional disclosures. ASU 2015-02 is effective for financial statements issued for reporting periods beginning after December 15, 2015 and interim periods within the reporting periods with either retrospective or modified retrospective presentation allowed. We plan to adopt the standard in the first quarter of 2016 and are currently evaluating the impact of the new standard on our financial statements.

In May 2014, the FASB issued ASU 2014-09 establishing Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (ASC 606). ASC 606 establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard was originally effective for annual reporting periods beginning after December 15, 2016, and interim periods within the reporting period. However, the FASB has delayed the effective date of ASC 606 to annual and interim periods beginning after December 15, 2017. Accordingly, we plan to adopt this standard in the first quarter of 2018. ASC 606 allows either full retrospective or modified retrospective transition, and early adoption is not permitted. We continue to evaluate both the impact of this new standard on our financial statements and the transition method we will utilize for adoption.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
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-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

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-SubTopic 10
-Section 50
-Paragraph 3
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-Section S99
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-Subparagraph (SX 210.10-01.(b)(6))
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-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

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-URI http://asc.fasb.org/extlink&oid=6523989

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-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

+ Details

Note 3 - Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

3.	FAIR VALUE MEASUREMENTS

Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments, other than our long-term debt to affiliates, on the accompanying consolidated balance sheets approximate their fair values.

As of June 30, 2015 and December 31, 2014, we believe the carrying value of our floating-rate debt outstanding under our $775 million term loan approximates its fair value because the term includes short-term interest rates and excludes penalties for prepayment. We estimated the fair value of our floating-rate term loan using significant other observable inputs, representative of a Level 2 fair value measurement, including terms and credit spreads for this loan.

During 2015, certain long-lived assets were written down to their fair value. As a result, we recorded impairment expense of $9.5 million and $12.2 million for the three and six months ended June 30, 2015. Our estimate of their fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions that might directly impact each of the asset groups’ operations in the future, and are therefore uncertain.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 4 - Details of Selected Balance Sheet Accounts

6 Months Ended

Jun. 30, 2015

Disclosure Text Block Supplement [Abstract]

Supplemental Balance Sheet Disclosures [Text Block]

4.	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at June 30, 2015 and December 31, 2014 is presented below (in thousands):

	June 30, 2015			December 31, 2014
Accounts receivable, net:
Trade	$	89,757		$	124,198
Unbilled revenue		22,535			38,487
Other		98			1,611
Total accounts receivable		112,390			164,296
Allowance for doubtful accounts		(1,277	)		(4,043	)
Total accounts receivable, net	$	111,113		$	160,253

	June 30, 2015		December 31, 2014
Inventories:
Finished goods and purchased products	$	2,318	$	2,814
Work in process		137		4,790
Raw materials		3,791		5,624
Total inventories	$	6,246	$	13,228

	Estimated Useful Life (in years)		June 30, 2015			December 31, 2014
Property, plant and equipment, net:
Land			$	47,690		$	55,365
Accommodations assets		3-15		1,598,761			1,687,033
Buildings and leasehold improvements		3-20		31,242			40,256
Machinery and equipment		4-15		10,042			12,117
Office furniture and equipment		3-7		30,338			32,181
Vehicles		3-5		17,448			19,128
Construction in progress				67,358			70,603
Total property, plant and equipment				1,802,879			1,916,683
Accumulated depreciation				(697,371	)		(668,253	)
Total property, plant and equipment, net			$	1,105,508		$	1,248,430

During the second quarter of 2015, we recorded an impairment expense of $9.5 million, resulting from the impairment of fixed assets at Kambalda, a village located in Western Australia, due to the continued downturn in gold mining activity and lack of contract renewals. We assessed the carrying value of the Kambalda asset group to determine if it continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying value of Kambalda was determined to not be recoverable.

	June 30, 2015		December 31, 2014
Accrued liabilities:
Accrued compensation	$	11,144	$	15,273
Accrued taxes, other than income taxes		1,882		1,567
Accrued interest		182		60
Other		2,649		5,612
Total accrued liabilities	$	15,857	$	22,512

Note 5 - Assets Held For Sale

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

5.	ASSETS HELD FOR SALE

During the first quarter of 2015, we made the decision to dispose of our manufacturing facility in Johnstown, Colorado. Accordingly, the facility met the criteria of held for sale, and its carrying value was adjusted downward to $8.7 million, which represents its estimated fair value less the cost to sell. We recorded a pre-tax impairment expense of $2.7 million and an additional $1.1 million to write-down our inventory as a result. Additionally, we have discontinued depreciation of the facility. Depreciation expense related to the facility totaled approximately zero and $0.2 million during the three months ended June 30, 2015 and 2014, respectively, and approximately $0.2 million and $0.4 million during the six months ended June 30, 2015 and 2014, respectively. The facility was part of our U.S. reportable business segment.

The following table summarizes the carrying amount as of June 30, 2015 of the major classes of assets from the Johnstown facility we classified as held for sale (in thousands):

	June 30,
	2015
Assets held for sale:
Property, plant and equipment, net	$	7,721
Intangible assets, net		777
Total assets held for sale	$	8,498

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Note 6 - Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

6.	EARNINGS PER SHARE

On May 30, 2014, 106,538,044 shares of our common stock were distributed to Oil States stockholders in connection with the Spin-Off. For comparative purposes, and to provide a more meaningful calculation of weighted-average shares outstanding, we have assumed these shares to be outstanding as of the beginning of each period prior to the Spin-Off presented in the calculation of weighted-average shares. In addition, we have assumed the dilutive securities outstanding at May 30, 2014 were also outstanding for each of the periods prior to the Spin-Off presented. Our calculation of diluted earnings per share excludes all shares issuable pursuant to outstanding stock options for the three and six months ended June 30, 2015, due to their antidilutive effect.

The calculation of earnings per share attributable to the Company is presented below for the periods indicated (in thousands, except per share amounts):

	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
	2015			2014			2015			2014
Basic Earnings per Share
Net income (loss) attributable to Civeo	$	(13,461	)	$	13,949		$	(13,477	)	$	50,188
Less: undistributed net income (loss) to participating securities		--			(39	)		--			(128	)
Net income (loss) attributable to Civeo	$	(13,461	)	$	13,910		$	(13,477	)	$	50,060

Weighted average common shares outstanding - basic		106,626			106,294			106,543			106,294

Basic earnings (loss) per share	$	(0.13	)	$	0.13		$	(0.13	)	$	0.47

Diluted Earnings per Share
Net income (loss) attributable to Civeo’s common stockholders	$	(13,461	)	$	13,910		$	(13,477	)	$	50,060

Weighted average common shares outstanding - basic		106,626			106,294			106,543			106,294
Effect of dilutive securities		--			171			--			169
Weighted average common shares outstanding - diluted		106,626			106,465			106,543			106,463

Diluted earnings (loss) per share	$	(0.13	)	$	0.13		$	(0.13	)	$	0.47

Note 7 - Debt

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

DEBT

As of June 30, 2015 and December 31, 2014, long-term debt consisted of the following (in thousands):

	June 30, 2015		December 31, 2014
U.S. term loan, which matures on May 28, 2019, of $775.0 million; 1.25% of aggregate principal repayable per quarter beginning September 30, 2015; weighted average interest rate of 2.5% for the six month period ended June 30, 2015	$	775,000	$	775,000

U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $450.0 million; no borrowings outstanding during the six month period ended June 30, 2015		--		--

Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding during the six month period ended June 30, 2015		--		--

Australian revolving credit facility, which matures May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding during the six month period ended June 30, 2015ng the six month period ended June 30, 2015		--		--

Total debt		775,000		775,000
Less: Current portion of long-term debt		38,750		19,375
Long-term debt, less current maturities	$	736,250	$	755,625

Interest expense on the consolidated statements of operations is net of capitalized interest of $0.3 million and $1.0 million for the three month periods ended June 30, 2015 and 2014, respectively. Interest expense on the consolidated statements of income is net of capitalized interest of $0.7 million and $1.3 million for the six months ended June 30, 2015 and 2014, respectively.

Amended Credit Facility

On July 17, 2015, our Credit Facility was amended to, among other things:

●

Permit us to redomicile to Canada, make associated corporate restructurings and make certain changes to the collateral and guarantees, covenants, events of default and related definitions to reflect the Redomicile Transaction and the new credit facilities referred to below;

●

Allow for the incurrence of new credit facilities under the Credit Facility, including (i) a new revolving credit facility in a maximum principal amount of US$125 million available to be borrowed by Civeo Canada after the effectiveness of the Amended Credit Facility (July 17, 2015) and (ii) a new term loan facility in the amount of US$325 million to be borrowed by Civeo Canada on the date of the effectiveness of the Amended Credit Facility;

●

Provide for the partial prepayment of the existing U.S. term loan under the Credit Facility in the aggregate principal amount of US$725 million and the reduction of the aggregate U.S. revolving credit facility to a maximum principal amount of US$50 million;

●

Increase the interest rate margin by 0.25% within existing levels of total leverage and add two additional levels to the total leverage-based grid such that the interest rates for the loans range from LIBOR +2.0% to LIBOR +4.0% and increase the undrawn commitment fee to range from 0.45% to 0.90% based on total leverage;

●

Make certain changes to the maximum leverage ratio financial covenant, as follows:

Period Ended	Maximum Leverage Ratio

September 30, 2015	3.50	:	1.00
December 31, 2015	4.00	:	1.00
March 31, 2016	4.25	:	1.00
June 30, 2016	4.50	:	1.00
September 30, 2016	4.50	:	1.00
December 31, 2016	4.50	:	1.00
March 31, 2017	4.25	:	1.00
June 30, 2017	4.25	:	1.00
September 30, 2017	4.00	:	1.00
December 31, 2017	4.00	:	1.00
March 31, 2018	3.75	:	1.00
June 30, 2018	3.75	:	1.00
September 30, 2018 & thereafter	3.50	:	1.00

●

Make certain changes to the application of prepayments and amortization schedules to reflect the new term loan facility and the prepayment of the U.S. term loans; and

●

Make other technical changes and amendments to the Credit Facility.

The following table summarizes the borrowings allowed under the Amended Credit Facility compared to the Credit Facility (in thousands):

	Credit Facility		Amended Credit Facility
Term loans:
U.S. term loan	$	775,000	$	50,000
Canadian term loan		--		325,000
Total term loans outstanding	$	775,000	$	375,000

Availability under revolving credit facilities:
U.S. revolving credit facility	$	450,000	$	50,000
Canadian revolving credit facility		100,000		100,000
New Canadian revolving credit facility		--		125,000
Australian revolving credit facility		100,000		100,000
Total availability under revolving credit facilities	$	650,000	$	375,000

U.S. dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to LIBOR plus a margin of 2.00% to 4.00%, or a base rate plus 1.00% to 3.00%, in each case based on a ratio of our total leverage to EBITDA (as defined in the Amended Credit Facility). Canadian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to CDOR plus a margin of 2.00% to 4.00%, or a base rate plus a margin of 1.00% to 3.00%, in each case based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility). Australian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to BBSY plus a margin of 2.00% to 4.00%, based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility).

The Amended Credit Facility contains customary affirmative and negative covenants that, among other things, limit or restrict (i) subsidiary indebtedness, liens and fundamental changes, (ii) asset sales, (iii) margin stock, (iv) specified acquisitions, (v) restrictive agreements, (vi) transactions with affiliates and (vii) investments and other restricted payments, including dividends and other distributions. Specifically, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA (as defined in the Amended Credit Facility) to consolidated interest expense, of at least 3.0 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than 3.5 to 1.0 (as of June 30, 2015). As noted above, the permitted level of the maximum leverage ratio changes over time. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Facility. EBITDA and consolidated interest, as defined, exclude goodwill impairments, debt discount amortization and other non-cash charges. We were in compliance with these covenants as of June 30, 2015.

We paid certain customary fees with respect to the Amended Credit Facility. We have 15 lenders in our Amended Credit Facility with commitments ranging from $1.6 million to $143.2 million.

Also in July 2015, total debt was reduced by approximately $275 million.

Note 8 - Income Taxes

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

8.	INCOME TAXES

We compute our quarterly taxes under the effective tax rate method based on applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. Income taxes for significant unusual or extraordinary transactions are computed and recorded in the period that the specific transaction occurs.

Our income tax benefit for the six months ended June 30, 2015 totaled $4.7 million, or 26.5% of pretax loss, compared to income tax expense of $7.4 million, or 12.7% of pretax income, for the six months ended June 30, 2014. Generally, our effective tax rates are lower than U.S. statutory rates because of lower foreign income tax rates. The increase in the effective tax rate from the prior year was largely the result of a change in the earnings mix between different tax jurisdictions. This increase was partially offset by a $2.7 million charge related to an increase in statutory tax rates in Alberta, Canada included in our 2015 tax benefit as well as a $0.5 million charge related to the impact of a portion of our undistributed foreign earnings which we no longer intend to continue to indefinitely reinvest. Finally, the effective tax rate was reduced in 2014 due to changes in our corporate structure, including the contribution by Oil States of our affiliate debt (as further described in Note 13 – Related Party Transactions to the Unaudited Consolidated Financial Statements).

Our income tax benefit for the three months ended June 30, 2015 totaled $5.9 million, or 30.6% of pretax income, compared to a benefit of $4.9 million, or (52.4%) of pretax income, for the three months ended June 30, 2014. Generally, our effective tax rates are lower than U.S. statutory rates because of lower foreign income tax rates. This was partially offset by a $2.7 million charge related to an increase in statutory tax rates in Alberta, Canada included in our 2015 tax benefit. The negative effective tax rate for the three months ended June 30, 2014 is due to a reduction in the 2014 annual effective tax rate from March 31, 2014 to June 30, 2014 due to changes in our corporate structure, including the contribution by Oil States of our affiliate debt. Under ASC 740-270, Accounting for Income Taxes, the quarterly tax provision is based on our current estimate of the annual effective tax rate less the prior quarter’s year-to-date tax provision.

Note 9 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

9.	COMMITMENTS AND CONTINGENCIES

We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

In conjunction with, and effective as of, the Spin-Off, we entered into an Indemnification and Release Agreement with Oil States. This agreement governs the treatment between Oil States and us of all aspects relating to indemnification, insurance, litigation responsibility and management, and litigation document sharing and cooperation arising in connection with the Spin-Off. Generally, the agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our business with us and financial responsibility for the obligations and liabilities of Oil States’ business with Oil States. The agreement also establishes procedures for handling claims subject to indemnification and related matters. Pursuant to the Indemnification and Release Agreement, we and Oil States will generally release the other party from all claims arising prior to the Spin-Off other than claims arising under the transaction agreements, including the indemnification provisions described above. We evaluated the impact of the indemnifications given and the Civeo indemnifications received as of the Spin-Off date and concluded those fair values were immaterial.

Note 10 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

10.

ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other comprehensive loss increased $92.6 million from $198.5 million at December 31, 2014 to $291.1 million at June 30, 2015, as a result of foreign currency exchange rate differences. Changes in the other comprehensive loss during the first half of 2015 were primarily driven by the Canadian and Australian dollars decreasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$1.0 billion and A$763 million, respectively, at June 30, 2015.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Note 11 - Stock Based Compensation

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

11.

STOCK BASED COMPENSATION

Prior to the Spin-Off, certain employees of Civeo participated in Oil States’ Equity Participation Plan (the Oil States Plan). The expense associated with these employees is reflected in the accompanying consolidated income statements. Effective May 30, 2014, our employees and non-employee directors began participating in the 2014 Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes the Board of Directors to grant options, awards of restricted stock, performance awards, dividend equivalents, awards of deferred stock, and stock payments to our employees and non-employee directors. No more than 4.0 million shares of Civeo common stock may be awarded under the Civeo Plan.

In connection with the Spin-Off, stock based compensation awards granted under the Oil States Plan and held by Civeo grantees as of May 30, 2014 were replaced with substitute Civeo awards. Stock options were replaced with options to purchase Civeo common stock. Unvested restricted stock awards were replaced with substitute Civeo restricted stock awards. Unvested deferred stock awards were replaced with substitute Civeo deferred stock awards. Additionally, phantom shares granted under the Canadian Long-Term Incentive Plan were converted to units that entitle the recipient to a lump sum cash payment equal to the fair market value of a share of Civeo’s common stock on the respective vesting date. These replacements were intended to preserve the intrinsic value of the awards as of May 30, 2014. The substitution of these awards did not cause us to recognize incremental compensation expense as an equitable adjustment was required to be made as a result of the Spin-Off.

Outstanding Awards

Stock Options. Compensation expense associated with stock options recognized in the three month periods ended June 30, 2015 and 2014 totaled $0.1 million and $0.2 million, respectively. Compensation expense associated with stock options recognized in the six month periods ended June 30, 2015 and 2014 totaled $0.2 million and $0.3 million, respectively. At June 30, 2015, unrecognized compensation cost related to stock options was $0.3 million, which is expected to be recognized over a weighted average period of 2.0 years.

Restricted Stock / Deferred Stock Awards. On February 11, 2015, we granted 1,006,528 restricted stock and deferred stock awards under the Civeo Plan, which vest in four equal annual installments beginning on February 11, 2016.

Compensation expense associated with restricted stock awards and deferred stock awards recognized in the three month periods ended June 30, 2015 and 2014 totaled $1.1 million and $1.1 million, respectively. Compensation expense associated with restricted stock awards and deferred stock awards recognized in the six month periods ended June 30, 2015 and 2014 totaled $2.2 million and $1.8 million, respectively. The total fair value of restricted stock awards and deferred stock awards that vested during the three months ended June 30, 2015 and 2014 was $0.3 million and de minimis. The total fair value of restricted stock awards and deferred stock awards that vested during the six months ended June 30, 2015 and 2014 was $0.9 million and $2.5 million.

At June 30, 2015, unrecognized compensation cost related to restricted stock awards and deferred stock awards was $9.1 million, which is expected to be recognized over a weighted average period of 2.7 years.

Phantom Share Awards. On February 11, 2015, we granted 517,145 awards under the Civeo Plan, which vest in four equal annual installments beginning on February 11, 2016. We also granted 1,169,193 awards under the Canadian Long-Term Incentive Plan, which vest in three equal annual installments beginning on February 11, 2016. During the second quarter 2015, we granted an additional 192,876 awards under the Canadian Long-Term Incentive Plan.

During the three month periods ended June 30, 2015 and 2014, we recognized compensation expense associated with phantom shares totaling $0.5 million and $4.1 million, respectively. During the six month periods ended June 30, 2015 and 2014, we recognized compensation expense associated with phantom shares totaling $0.8 million and $5.5 million, respectively. At June 30, 2015, unrecognized compensation cost related to phantom shares was $5.0 million, as remeasured at June 30, 2015, which is expected to be recognized over a weighted average period of 3.0 years.

Effect of Redomicile Transaction

Upon effectiveness of the Redomicile Transaction, Civeo Canada assumed the Civeo US employee equity plans and related award agreements, including all options and awards issued or granted under such plans, as well as certain Civeo US benefit plans and agreements.

In connection with the assumption of these plans, each plan was amended or deemed amended to provide that, as of the effectiveness of the Redomicile Transaction, the plans would include provisions, as applicable, reflecting the Redomicile Transaction and its effects, including changes made to reflect the fact that Civeo Canada common shares will be issued to satisfy awards issued or granted under such plan. Additionally, the 2014 Equity Participation Plan of Civeo Corporation was further amended to comply with applicable Canadian law, including with respect to grants to Canadian employees.

Note 12 - Segment and Related Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

12.

SEGMENT AND RELATED INFORMATION

In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, we have identified the following reportable segments: Canadian, Australian and U.S., which represent our strategic focus on workforce accommodations.

Financial information by business segment for each of the three and six months ended June 30, 2015 and 2014 is summarized in the following table (in thousands):

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures			Total assets
Three months ended June 30, 2015
Canada	$	90,072		$	--		$	90,072	$	25,217		$	(3,820	)	$	9,113		$	903,435
Australia		38,268			--			38,268		13,799			(4,882	)		1,868			621,831
United States		14,807			--			14,807		3,395			(1,801	)		130			112,407
Corporate, stand-alone adjustments and eliminations		--			--			--		130			(3,634	)		2,289			59,051
Total	$	143,147		$	--		$	143,147	$	42,541		$	(14,137	)	$	13,400		$	1,696,724

Three months ended June 30, 2014
Canada	$	156,527		$	(48	)	$	156,479	$	21,347		$	25,424		$	71,868		$	1,084,335
Australia		54,383			--			54,383		16,246			(205	)		5,399			961,775
United States		38,559			(22,288	)		16,271		4,850			(3,767	)		2,724			199,665
Corporate, stand-alone adjustments and eliminations		(22,336	)		22,336			--		(30	)		(5,226	)		(1,849	)		67,854
Total	$	227,133		$	--		$	227,133	$	42,413		$	16,226		$	78,142		$	2,313,629

Six months ended June 30, 2015
Canada	$	206,972		$	--		$	206,972	$	49,975		$	8,300		$	15,566		$	903,435
Australia		80,127			--			80,127		27,712			1,845			5,135			621,831
United States		29,431			(2,396	)		27,035		7,074			(8,695	)		1,246			112,407
Corporate, stand-alone adjustments and eliminations		(2,396	)		2,396			--		226			(10,711	)		2,155			59,051
Total	$	314,134		$	--		$	314,134	$	84,987		$	(9,261	)	$	24,102		$	1,696,724

Six months ended June 30, 2014
Canada	$	337,108		$	(305	)	$	336,803	$	41,341		$	67,466		$	131,834		$	1,084,335
Australia		109,847			--			109,847		31,086			15,638			7,580			961,775
United States		72,685			(39,403	)		33,282		9,649			(5,428	)		5,682			199,665
Corporate, stand-alone adjustments and eliminations		(39,708	)		39,708			--		(64	)		(8,590	)		(3,429	)		67,854
Total	$	479,932		$	--		$	479,932	$	82,012		$	69,086		$	141,667		$	2,313,629

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Name Accounting Standards Codification
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+ Details

Note 13 - Parent Company Investment

6 Months Ended

Jun. 30, 2015

13.	PARENT COMPANY INVESTMENT

The combined financial statements have been prepared on a stand-alone basis and are derived from the consolidated financial statements and accounting records of Oil States.

All intercompany transactions between the combined operations have been eliminated. All affiliate transactions between Civeo and Oil States have been included in these combined financial statements. The total net effect of the settlement of these affiliate transactions is reflected in the combined balance sheets as “Oil States International, Inc. Net Investment.”

Parent Company Services Provided and Corporate Allocations

Prior to the Spin-Off, Oil States provided services to and funded certain expenditures of Civeo. The most significant of these services and expenditures were: (1) funding expenditures to settle domestic accounts payable; (2) funding and processing of domestic payroll; (3) share-based compensation; and (4) certain transaction-related expenditures. The consolidated financial statements of Civeo reflect these expenditures. During the three months ended June 30, 2014, $8.7 million of expenditures for services received from Oil States or funding for expenditures provided by Oil States were included in the consolidated financial statements. During the six months ended June 30, 2014, $41.7 million of expenditures for services received from Oil States or funding for expenditures provided by Oil States were included in the consolidated financial statements.

Prior to the Spin-Off, the consolidated statements of operations also include general corporate expense allocations, which include costs incurred by Oil States for certain corporate functions such as executive management, finance, information technology, tax, internal audit, risk management, legal, human resources and treasury. During the three months ended June 30, 2014, we were allocated $1.2 million in respect of these corporate expenses which are included within selling, general and administrative expenses in the consolidated statements of operations. During the six months ended June 30, 2014, we were allocated $2.8 million in respect of these corporate expenses which are included within selling, general and administrative expenses in the consolidated statements of operations.

Oil States Net Investment

Net transfers to Oil States are included within Oil States net investment on the consolidated balance sheets. The components of the change in Oil States net investment for the six months ended June 30, 2014 are as follows (in thousands):

	2014
Cash transfers and general financing activities	$	(13,255	)
Services received or funding for expenditures		41,725
Corporate allocations, including income tax provision (1)		3,950
Net increase in Oil States net investment	$	32,420

(1)

Corporate allocations includes the general corporate expense allocations of $2.8 million for the six months ended June 30, 2014, the impact of the income tax provision, the allocation of corporate insurance premiums, and the attribution of certain assets and liabilities that have historically been held at the Oil States corporate level, but which are specifically identifiable or otherwise allocable to us. The attributed assets and liabilities are included in Civeo’s combined balance sheets.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Note 14 - Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

14.	SUBSEQUENT EVENTS

On July 17, 2015, we completed our change in place of incorporation, pursuant to which Civeo Canada became the publicly traded parent company of the Civeo group of companies. Additionally, on July 17, 2015, the Amended Credit Facility became effective. For further information, please see Note 1 – Description of Business and Basis of Presentation and Note 7 – Debt to the Unaudited Consolidated Financial Statements.

Also in July 2015, total debt was reduced by approximately $275 million.

Accounting Policies, by Policy (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

All financial information presented after the Spin-Off represents the consolidated results of operations, financial position and cash flows of Civeo. Accordingly:

●

Our consolidated balance sheets at June 30, 2015 and December 31, 2014 consist of the consolidated balances of Civeo.

Note 4 - Details of Selected Balance Sheet Accounts (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure Text Block Supplement [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30, 2015			December 31, 2014
Accounts receivable, net:
Trade	$	89,757		$	124,198
Unbilled revenue		22,535			38,487
Other		98			1,611
Total accounts receivable		112,390			164,296
Allowance for doubtful accounts		(1,277	)		(4,043	)
Total accounts receivable, net	$	111,113		$	160,253

Schedule of Inventory, Current [Table Text Block]

	June 30, 2015		December 31, 2014
Inventories:
Finished goods and purchased products	$	2,318	$	2,814
Work in process		137		4,790
Raw materials		3,791		5,624
Total inventories	$	6,246	$	13,228

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)		June 30, 2015			December 31, 2014
Property, plant and equipment, net:
Land			$	47,690		$	55,365
Accommodations assets		3-15		1,598,761			1,687,033
Buildings and leasehold improvements		3-20		31,242			40,256
Machinery and equipment		4-15		10,042			12,117
Office furniture and equipment		3-7		30,338			32,181
Vehicles		3-5		17,448			19,128
Construction in progress				67,358			70,603
Total property, plant and equipment				1,802,879			1,916,683
Accumulated depreciation				(697,371	)		(668,253	)
Total property, plant and equipment, net			$	1,105,508		$	1,248,430

Schedule of Accrued Liabilities [Table Text Block]

	June 30, 2015		December 31, 2014
Accrued liabilities:
Accrued compensation	$	11,144	$	15,273
Accrued taxes, other than income taxes		1,882		1,567
Accrued interest		182		60
Other		2,649		5,612
Total accrued liabilities	$	15,857	$	22,512

Note 5 - Assets Held For Sale (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

	June 30,
	2015
Assets held for sale:
Property, plant and equipment, net	$	7,721
Intangible assets, net		777
Total assets held for sale	$	8,498

Note 6 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
	2015			2014			2015			2014
Basic Earnings per Share
Net income (loss) attributable to Civeo	$	(13,461	)	$	13,949		$	(13,477	)	$	50,188
Less: undistributed net income (loss) to participating securities		--			(39	)		--			(128	)
Net income (loss) attributable to Civeo	$	(13,461	)	$	13,910		$	(13,477	)	$	50,060

Weighted average common shares outstanding - basic		106,626			106,294			106,543			106,294

Basic earnings (loss) per share	$	(0.13	)	$	0.13		$	(0.13	)	$	0.47

Diluted Earnings per Share
Net income (loss) attributable to Civeo’s common stockholders	$	(13,461	)	$	13,910		$	(13,477	)	$	50,060

Weighted average common shares outstanding - basic		106,626			106,294			106,543			106,294
Effect of dilutive securities		--			171			--			169
Weighted average common shares outstanding - diluted		106,626			106,465			106,543			106,463

Diluted earnings (loss) per share	$	(0.13	)	$	0.13		$	(0.13	)	$	0.47

Note 7 - Debt (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

	June 30, 2015		December 31, 2014
U.S. term loan, which matures on May 28, 2019, of $775.0 million; 1.25% of aggregate principal repayable per quarter beginning September 30, 2015; weighted average interest rate of 2.5% for the six month period ended June 30, 2015	$	775,000	$	775,000

U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $450.0 million; no borrowings outstanding during the six month period ended June 30, 2015		--		--

Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding during the six month period ended June 30, 2015		--		--

Australian revolving credit facility, which matures May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding during the six month period ended June 30, 2015ng the six month period ended June 30, 2015		--		--

Total debt		775,000		775,000
Less: Current portion of long-term debt		38,750		19,375
Long-term debt, less current maturities	$	736,250	$	755,625

Schedule of Changes in Maximum Leverage Ratio [Table Text Block]

Period Ended	Maximum Leverage Ratio

September 30, 2015	3.50	:	1.00
December 31, 2015	4.00	:	1.00
March 31, 2016	4.25	:	1.00
June 30, 2016	4.50	:	1.00
September 30, 2016	4.50	:	1.00
December 31, 2016	4.50	:	1.00
March 31, 2017	4.25	:	1.00
June 30, 2017	4.25	:	1.00
September 30, 2017	4.00	:	1.00
December 31, 2017	4.00	:	1.00
March 31, 2018	3.75	:	1.00
June 30, 2018	3.75	:	1.00
September 30, 2018 & thereafter	3.50	:	1.00

Schedule of Debt [Table Text Block]

	Credit Facility		Amended Credit Facility
Term loans:
U.S. term loan	$	775,000	$	50,000
Canadian term loan		--		325,000
Total term loans outstanding	$	775,000	$	375,000

Availability under revolving credit facilities:
U.S. revolving credit facility	$	450,000	$	50,000
Canadian revolving credit facility		100,000		100,000
New Canadian revolving credit facility		--		125,000
Australian revolving credit facility		100,000		100,000
Total availability under revolving credit facilities	$	650,000	$	375,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Note 12 - Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures			Total assets
Three months ended June 30, 2015
Canada	$	90,072		$	--		$	90,072	$	25,217		$	(3,820	)	$	9,113		$	903,435
Australia		38,268			--			38,268		13,799			(4,882	)		1,868			621,831
United States		14,807			--			14,807		3,395			(1,801	)		130			112,407
Corporate, stand-alone adjustments and eliminations		--			--			--		130			(3,634	)		2,289			59,051
Total	$	143,147		$	--		$	143,147	$	42,541		$	(14,137	)	$	13,400		$	1,696,724

Three months ended June 30, 2014
Canada	$	156,527		$	(48	)	$	156,479	$	21,347		$	25,424		$	71,868		$	1,084,335
Australia		54,383			--			54,383		16,246			(205	)		5,399			961,775
United States		38,559			(22,288	)		16,271		4,850			(3,767	)		2,724			199,665
Corporate, stand-alone adjustments and eliminations		(22,336	)		22,336			--		(30	)		(5,226	)		(1,849	)		67,854
Total	$	227,133		$	--		$	227,133	$	42,413		$	16,226		$	78,142		$	2,313,629

Six months ended June 30, 2015
Canada	$	206,972		$	--		$	206,972	$	49,975		$	8,300		$	15,566		$	903,435
Australia		80,127			--			80,127		27,712			1,845			5,135			621,831
United States		29,431			(2,396	)		27,035		7,074			(8,695	)		1,246			112,407
Corporate, stand-alone adjustments and eliminations		(2,396	)		2,396			--		226			(10,711	)		2,155			59,051
Total	$	314,134		$	--		$	314,134	$	84,987		$	(9,261	)	$	24,102		$	1,696,724

Six months ended June 30, 2014
Canada	$	337,108		$	(305	)	$	336,803	$	41,341		$	67,466		$	131,834		$	1,084,335
Australia		109,847			--			109,847		31,086			15,638			7,580			961,775
United States		72,685			(39,403	)		33,282		9,649			(5,428	)		5,682			199,665
Corporate, stand-alone adjustments and eliminations		(39,708	)		39,708			--		(64	)		(8,590	)		(3,429	)		67,854
Total	$	479,932		$	--		$	479,932	$	82,012		$	69,086		$	141,667		$	2,313,629

Note 13 - Parent Company Investment (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Cash Flow Statement [Table Text Block]

	2014
Cash transfers and general financing activities	$	(13,255	)
Services received or funding for expenditures		41,725
Corporate allocations, including income tax provision (1)		3,950
Net increase in Oil States net investment	$	32,420

Note 1 - Description of Business and Basis of Presentation (Details) $ in Thousands			1 Months Ended		6 Months Ended
	May 28, 2014 USD ($)	May 21, 2014	Jul. 17, 2015 USD ($)	May 30, 2014 shares	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 17, 2015 USD ($)	Dec. 31, 2014 USD ($)	May 05, 2014
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Number of Reportable Segments					3
Number of Companies Separated in Spin-Off									2
Payments of Distributions to Affiliates (in Dollars)						$ 750,000
Common Stock, Value, Issued (in Dollars)					$ 1,075			$ 1,067
Subsequent Event [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Substantial Business Activity, Threshold			25.00%
Approximate Percentage of Operations in Canada			50.00%
Revolving Credit Facility [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)					$ 450,000
Debt Instrument, Term	5 years
Civeo Canada [Member] \| Subsequent Event [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Common Stock Conversion Ratio			1
Common Stock, Value, Issued (in Dollars)			$ 107,500
U.S. Term Loan [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Debt Instrument, Term	5 years
Spinoff [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares) \| shares				106,538,044
Spinoff [Member] \| Common Stock - Civeo [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio		2
Spinoff [Member] \| Common Stock - Oil States [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Stockholders' Equity Note, Stock Split, Conversion Ratio		1
Spinoff [Member] \| Cash [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Payments of Distributions to Affiliates (in Dollars)	$ 750,000
Credit Facility [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)							$ 650,000
Debt Instrument, Face Amount (in Dollars)	1,400,000
Credit Facility [Member] \| Revolving Credit Facility [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	650,000
Credit Facility [Member] \| U.S. Term Loan [Member]
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items]
Debt Instrument, Face Amount (in Dollars)	$ 775,000

Note 2 - Recent Accounting Pronouncements (Details) $ in Millions	Jun. 30, 2015 USD ($)
Note 2 - Recent Accounting Pronouncements (Details) [Line Items]
Unamortized Debt Issuance Expense	$ 7.6
Prepaid Expenses and Other Current Assets [Member]
Note 2 - Recent Accounting Pronouncements (Details) [Line Items]
Unamortized Debt Issuance Expense	1.9
Other Noncurrent Assets [Member]
Note 2 - Recent Accounting Pronouncements (Details) [Line Items]
Unamortized Debt Issuance Expense	$ 5.7

Note 3 - Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Note 3 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$ 775,000	$ 775,000		$ 775,000
Asset Impairment Charges		12,211	$ 11,610
U.S. and Australian Segments [Member]
Note 3 - Fair Value Measurements (Details) [Line Items]
Asset Impairment Charges	$ 9,500	$ 12,200

Note 4 - Details of Selected Balance Sheet Accounts (Details) - USD ($) $ in Thousands	6 Months Ended		15 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015
Note 4 - Details of Selected Balance Sheet Accounts (Details) [Line Items]
Asset Impairment Charges	$ 12,211	$ 11,610
Kambalda [Member]
Note 4 - Details of Selected Balance Sheet Accounts (Details) [Line Items]
Asset Impairment Charges			$ 9,500

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Accounts Receivable - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts receivable, net:
Accounts Receivable	$ 112,390	$ 164,296
Allowance for doubtful accounts	(1,277)	(4,043)
Total accounts receivable, net	111,113	160,253
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable	89,757	124,198
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable	22,535	38,487
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable	$ 98	$ 1,611

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Inventories - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventories:
Finished goods and purchased products	$ 2,318	$ 2,814
Work in process	137	4,790
Raw materials	3,791	5,624
Total inventories	$ 6,246	$ 13,228

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property, plant and equipment, net:
Property, plant and equipment, net	$ 1,802,879	$ 1,916,683
Accumulated depreciation	(697,371)	(668,253)
Total property, plant and equipment, net	1,105,508	1,248,430
Land [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	47,690	55,365
Accommodations Assets [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	1,598,761	1,687,033
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	31,242	40,256
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	10,042	12,117
Office Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	30,338	32,181
Vehicles [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	17,448	19,128
Construction in Progress [Member]
Property, plant and equipment, net:
Property, plant and equipment, net	$ 67,358	$ 70,603
Minimum [Member] \| Accommodations Assets [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Minimum [Member] \| Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	4 years
Minimum [Member] \| Office Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Minimum [Member] \| Vehicles [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Maximum [Member] \| Accommodations Assets [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	15 years
Maximum [Member] \| Building and Building Improvements [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	20 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	15 years
Maximum [Member] \| Office Equipment [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	7 years
Maximum [Member] \| Vehicles [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	5 years

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Accrued Liabilities - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accrued liabilities:
Accrued compensation	$ 11,144	$ 15,273
Accrued taxes, other than income taxes	1,882	1,567
Accrued interest	182	60
Other	2,649	5,612
Total accrued liabilities	$ 15,857	$ 22,512

Note 5 - Assets Held For Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015
Note 5 - Assets Held For Sale (Details) [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 8,498		$ 8,498
Impairment of Long-Lived Assets to be Disposed of	9,473	$ 11,610	12,211	$ 11,610
Inventory Write-down			1,015
Johnstown Facility [Member]
Note 5 - Assets Held For Sale (Details) [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	8,498		8,498		$ 8,700
Impairment of Long-Lived Assets to be Disposed of	2,700
Inventory Write-down	1,100
Depreciation	$ 0	$ 200	$ 200	$ 400

Note 5 - Assets Held For Sale (Details) - Summary of the Carrying Amount of Major Classes of Assets from Johnstown Facility Held for Sale - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Assets held for sale:
Total assets held for sale	$ 8,498
Johnstown Facility [Member]
Assets held for sale:
Property, plant and equipment, net	7,721
Intangible assets, net	777
Total assets held for sale	$ 8,498	$ 8,700

Note 6 - Earnings Per Share (Details) - shares	Jun. 30, 2015	Dec. 31, 2014	May 30, 2014
Note 6 - Earnings Per Share (Details) [Line Items]
Common Stock, Shares, Issued	107,496,600	106,721,483
Spinoff [Member] \| Common Stock - Civeo [Member]
Note 6 - Earnings Per Share (Details) [Line Items]
Common Stock, Shares, Issued			106,538,044

Note 6 - Earnings Per Share (Details) - Calculation of Earnings Per Share - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Basic Earnings per Share
Net income (loss) attributable to Civeo	$ (13,461)	$ 13,949	$ (13,477)	$ 50,188
Less: undistributed net income (loss) to participating securities		(39)		(128)
Net income (loss) attributable to Civeo	$ (13,461)	$ 13,910	$ (13,477)	$ 50,060
Weighted average common shares outstanding - basic	106,626	106,294	106,543	106,294
Basic earnings (loss) per share	$ (0.13)	$ 0.13	$ (0.13)	$ 0.47
Diluted Earnings per Share
Net income (loss) attributable to Civeo’s common stockholders	$ (13,461)	$ 13,910	$ (13,477)	$ 50,060
Weighted average common shares outstanding - basic	106,626	106,294	106,543	106,294
Effect of dilutive securities		171		169
Weighted average common shares outstanding - diluted	106,626	106,465	106,543	106,463
Diluted earnings (loss) per share	$ (0.13)	$ 0.13	$ (0.13)	$ 0.47

Note 7 - Debt (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
Note 7 - Debt (Details) - USD ($) $ in Thousands	Jun. 17, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May 28, 2014
Note 7 - Debt (Details) [Line Items]
Interest Costs Capitalized (in Dollars)		$ 300	$ 1,000	$ 700	$ 1,300
Interest Coverage Ratio	3.0
Leverage Ratio	3.5
Number of Lenders	15
New Canadian Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 125,000
Revolving Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)		$ 450,000		$ 450,000
U.S. Term Loan [Member] \| Amended Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Repayment of Principal Provided (in Dollars)	725,000
Amended Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 375,000
Debt Instrument, Interest Rate, Increase (Decrease)	0.25%
Amended Credit Facility [Member] \| New Canadian Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 125,000
Amended Credit Facility [Member] \| US Revolving Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	50,000
Amended Credit Facility [Member] \| Canadian Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Face Amount (in Dollars)	325,000
Allocated to Australian Subsidiaries [Member] \| Revolving Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)						$ 275,000
Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity (in Dollars)	$ 1,600
Minimum [Member] \| Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| United States of America, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Minimum [Member] \| Line of Credit [Member] \| Base Rate [Member] \| United States of America, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Minimum [Member] \| Line of Credit [Member] \| Base Rate [Member] \| Canada, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Minimum [Member] \| Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Canada, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Minimum [Member] \| Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Australia, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Minimum [Member] \| Amended Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.45%
Minimum [Member] \| Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity (in Dollars)	$ 143,200
Maximum [Member] \| Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| United States of America, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Maximum [Member] \| Line of Credit [Member] \| Base Rate [Member] \| United States of America, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%
Maximum [Member] \| Line of Credit [Member] \| Base Rate [Member] \| Canada, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%
Maximum [Member] \| Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Canada, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Maximum [Member] \| Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Australia, Dollars
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Maximum [Member] \| Amended Credit Facility [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.90%
Maximum [Member] \| Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%

Note 7 - Debt (Details) - Long-term Debt - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt	$ 775,000	$ 775,000
Less: Current portion of long-term debt	38,750	19,375
Long-term debt, less current maturities	736,250	755,625
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, borrowings outstanding	0	0
Canadian Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, borrowings outstanding	0	0
Australian Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, borrowings outstanding	0	0
U.S. Term Loan [Member]
Debt Instrument [Line Items]
U.S. term loan, which matures on May 28, 2019, of $775.0 million; 1.25% of aggregate principal repayable per quarter beginning September 30, 2015; weighted average interest rate of 2.5% for the six month period ended June 30, 2015	$ 775,000	$ 775,000

Note 7 - Debt (Details) - Long-term Debt (Parentheticals) $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 450.0
Canadian Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 100.0
Australian Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 100.0
U.S. Term Loan [Member]
Debt Instrument [Line Items]
Term loan, matures	May 28, 2019
Term loan, face amount	$ 775.0
Term loan, interest rate	1.25%
Term loan, weighted-average interest rate	2.50%

Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio	Jun. 17, 2015
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	3.5
As Of September 30, 2015 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	3.50
December 31, 2015 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.00
March 31, 2016 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.25
June 30, 2016 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.50
September 30, 2016 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.50
December 31, 2016 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.50
March 31, 2017 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.25
June 30, 2017 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.25
September 30, 2017 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.00
December 31, 2017 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	4.00
March 31, 2018 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	3.75
June 30, 2018 [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	3.75
September 30, 2018 & Thereafter [Member]
Note 7 - Debt (Details) - Changes to Maximum Leverage Ratio [Line Items]
Leverage Ratio	3.50

Note 7 - Debt (Details) - Summarized Borrowings Under Amended Credit Facility and Credit Facility - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 17, 2015
Canadian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities	$ 100,000
New Canadian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		$ 125,000
Australian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities	$ 100,000
Credit Facility [Member]
Term loans:
Term Loans		775,000
Availability under revolving credit facilities:
Credit Facilities		650,000
Credit Facility [Member] \| U.S.A. Term Loan [Member]
Term loans:
Term Loans		775,000
Credit Facility [Member] \| US Revolving Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		450,000
Credit Facility [Member] \| Canadian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		100,000
Credit Facility [Member] \| Australian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		100,000
Amended Credit Facility [Member]
Term loans:
Term Loans		375,000
Availability under revolving credit facilities:
Credit Facilities		375,000
Amended Credit Facility [Member] \| U.S.A. Term Loan [Member]
Term loans:
Term Loans		50,000
Amended Credit Facility [Member] \| Canadian Term Loan [Member]
Term loans:
Term Loans		325,000
Amended Credit Facility [Member] \| US Revolving Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		50,000
Amended Credit Facility [Member] \| Canadian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		100,000
Amended Credit Facility [Member] \| New Canadian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		125,000
Amended Credit Facility [Member] \| Australian Credit Facility [Member]
Availability under revolving credit facilities:
Credit Facilities		$ 100,000

Note 8 - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Note 8 - Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Note 8 - Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ (5,863)	$ (4,911)	$ (4,706)	$ 7,400
Effective Income Tax Rate Reconciliation, Percent	30.60%	52.40%	26.50%	12.70%
Undistributed Earnings of Foreign Subsidiaries	$ 500		$ 500
CANADA
Note 8 - Income Taxes (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount			$ 2,700

Note 10 - Accumulated Other Comprehensive Loss (Details) $ in Thousands, $ in Millions, $ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 CAD ($)	Jun. 30, 2015 AUD ($)	Dec. 31, 2014 USD ($)
Disclosure Text Block [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ 18,301	$ 41,127	$ (92,723)	$ 54,140
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (291,088)		$ (291,088)				$ (198,491)
Translation Adjustment Functional to Reporting Currency, Net of Tax					$ 1.0	$ 763

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Note 11 - Stock Based Compensation (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Feb. 11, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)		4,000,000		4,000,000
Allocated Share-based Compensation Expense		$ 0.1	$ 0.2	$ 0.2	$ 0.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		0.3		$ 0.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years
Restricted Stock and Deferred Stock Awards [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		1.1	1.1	$ 2.2	1.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value		0.3		$ 0.9	2.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		9.1		9.1
Restricted Stock and Deferred Stock Awards [Member] \| Civeo Plan [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	1,006,528
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Phantom Share Units (PSUs) [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		0.5	$ 4.1	0.8	$ 5.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 5.0		$ 5.0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				3 years
Phantom Share Units (PSUs) [Member] \| Civeo Plan [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	517,145
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Phantom Share Units (PSUs) [Member] \| Canadian Long-Term Incentive Plan [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	1,169,193	192,876

Note 12 - Segment and Related Information (Details) - Financial Information by Business Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total Revenue	$ 143,147	$ 227,133	$ 314,134	$ 479,932
Depreciation and amortization	42,541	42,413	84,987	82,012
Operating income (loss)	(14,137)	16,226	(9,261)	69,086
Capital expenditures	13,400	78,142	24,102	141,667
Total assets	1,696,724	2,313,629	1,696,724	2,313,629	$ 1,829,161
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	143,147	227,133	314,134	479,932
Canadian Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	90,072	156,479	206,972	336,803
Depreciation and amortization	25,217	21,347	49,975	41,341
Operating income (loss)	(3,820)	25,424	8,300	67,466
Capital expenditures	9,113	71,868	15,566	131,834
Total assets	903,435	1,084,335	903,435	1,084,335
Canadian Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	90,072	156,527	206,972	337,108
Canadian Segment [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue		(48)		(305)
Australian Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	38,268	54,383	80,127	109,847
Depreciation and amortization	13,799	16,246	27,712	31,086
Operating income (loss)	(4,882)	(205)	1,845	15,638
Capital expenditures	1,868	5,399	5,135	7,580
Total assets	621,831	961,775	621,831	961,775
Australian Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	38,268	54,383	80,127	109,847
U.S. Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	14,807	16,271	27,035	33,282
Depreciation and amortization	3,395	4,850	7,074	9,649
Operating income (loss)	(1,801)	(3,767)	(8,695)	(5,428)
Capital expenditures	130	2,724	1,246	5,682
Total assets	112,407	199,665	112,407	199,665
U.S. Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	14,807	38,559	29,431	72,685
U.S. Segment [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue		(22,288)	(2,396)	(39,403)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	130	(30)	226	(64)
Operating income (loss)	(3,634)	(5,226)	(10,711)	(8,590)
Capital expenditures	2,289	(1,849)	2,155	(3,429)
Total assets	$ 59,051	67,854	59,051	67,854
Corporate and Other [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue		(22,336)	(2,396)	(39,708)
Corporate and Other [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue		$ 22,336	$ 2,396	$ 39,708

Note 13 - Parent Company Investment (Details) - Oil States [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Selling, General and Administrative Expenses [Member]
Note 13 - Parent Company Investment (Details) [Line Items]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$ 1.2	$ 2.8
Services and Funding [Member]
Note 13 - Parent Company Investment (Details) [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 8.7	41.7
General Corporate Expense [Member]
Note 13 - Parent Company Investment (Details) [Line Items]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party		$ 2.8

Note 13 - Parent Company Investment (Details) - Oil States' Net Investment
$ in Thousands

6 Months Ended

Jun. 30, 2014

USD ($)

Condensed Cash Flow Statements, Captions [Line Items]

Net increase in Oil States net investment

$ 369,219

Oil States [Member]

Condensed Cash Flow Statements, Captions [Line Items]

Cash transfers and general financing activities

(13,255)

Services received or funding for expenditures

41,725

Corporate allocations, including income tax provision (1)

3,950

^[1]

Net increase in Oil States net investment

$ 32,420

[1]

Note 14 - Subsequent Events (Details) $ in Millions	1 Months Ended
Note 14 - Subsequent Events (Details) $ in Millions	Jul. 31, 2015 USD ($)
Subsequent Event [Member]
Note 14 - Subsequent Events (Details) [Line Items]
Debt Instrument, Increase (Decrease), Net	$ (275)