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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2014	Aug. 08, 2014
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		106,695,984
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, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Service and other	$ 223,927	$ 237,242	$ 462,840	$ 526,280
Product	3,206	5,748	17,092	11,248
	227,133	242,990	479,932	537,528
Costs and expenses:
Service and other costs	131,110	127,736	262,488	274,696
Product costs	2,195	4,858	14,327	8,346
Selling, general and administrative expenses	21,708	16,898	37,853	33,165
Spin-off and formation costs	1,896		2,469
Depreciation and amortization expense	42,413	41,411	82,012	82,499
Impairment expense	11,610		11,610
Other operating expense (income)	(25)	455	87	(3,571)
	210,907	191,358	410,846	395,135
Operating income	16,226	51,632	69,086	142,393
Interest expense to affiliates	(2,828)	(4,624)	(6,980)	(9,294)
Interest expense to third-parties, net of capitalized interest	(2,269)	(1,805)	(3,110)	(3,970)
Loss on extinguishment of debt	(3,455)	(1,207)	(3,455)	(1,207)
Interest income	991	475	1,793	901
Other income	709	192	947	602
Income before income taxes	9,374	44,663	58,281	129,425
Income tax benefit (provision)	4,911	(11,360)	(7,400)	(31,932)
Net income	14,285	33,303	50,881	97,493
Less: Net income attributable to noncontrolling interest	336	333	693	711
Net income attributable to Civeo Corporation	$ 13,949	$ 32,970	$ 50,188	$ 96,782
Per Share Data (see Note 5)
Basic net income per share attributable to Civeo Corporation common stockholders (in Dollars per share)	$ 0.13	$ 0.31	$ 0.47	$ 0.91
Diluted net income per share attributable to Civeo Corporation common stockholders (in Dollars per share)	$ 0.13	$ 0.31	$ 0.47	$ 0.91
Weighted average number of common shares outstanding:
Basic (in Shares)	106,294	106,293	106,294	106,293
Diluted (in Shares)	106,465	106,460	106,463	106,460

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net income	$ 14,285	$ 33,303	$ 50,881	$ 97,493
Other comprehensive income (loss):
Foreign currency translation adjustment	41,127	(132,208)	54,140	(138,019)
Total other comprehensive income (loss)	41,127	(132,208)	54,140	(138,019)
Comprehensive income (loss)	55,412	(98,905)	105,021	(40,526)
Comprehensive (income) loss attributable to noncontrolling interest	(400)	(284)	(691)	(632)
Comprehensive income (loss) attributable to Civeo Corporation	$ 55,012	$ (99,189)	$ 104,330	$ (41,158)

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 285,494	$ 224,128
Accounts receivable, net	191,901	177,845
Inventories	20,614	29,815
Prepaid expenses and other current assets	29,817	7,956
Total current assets	527,826	439,744
Property, plant and equipment, net	1,414,551	1,325,867
Goodwill, net	271,882	261,056
Other intangible assets, net	66,156	75,675
Other noncurrent assets	33,214	20,895
Total assets	2,313,629	2,123,237
Current liabilities:
Accounts payable	60,548	45,376
Accrued liabilities	27,391	26,874
Income taxes	24	2,761
Deferred revenue	24,026	19,571
Other current liabilities	2,408	2,470
Total current liabilities	114,397	97,052
Long-term debt to affiliates		335,171
Long-term debt	775,000	335,171
Deferred income taxes	78,016	79,739
Other noncurrent liabilities	29,159	18,530
Total liabilities	996,572	530,492
Stockholders’ Equity / Net investment:
Common stock ($0.01 par value, 550,000,000 shares authorized, 106,691,058 shares and zero shares both issued and outstanding, respectively)	1,067
Additional paid-in capital	1,311,395
Retained earnings	8,507
Oil States International, Inc. net investment		1,651,013
Accumulated other comprehensive loss	(5,837)	(59,979)
Total Civeo Corporation stockholders’ equity / Oil States International, Inc. net investment	1,315,132	1,591,034
Noncontrolling interest	1,925	1,711
Total stockholders’ equity / net investment	1,317,057	1,592,745
Total liabilities and stockholders’ equity / net investment	$ 2,313,629	$ 2,123,237

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals)	Jun. 30, 2014 $ / shares shares
Common stock, par value (in Dollars per share) \| $ / shares	$ 0.01
Common stock, shares authorized	550,000,000
Common stock, shares issued	106,691,058
Common stock, shares outstanding	106,691,058

Unaudited Consolidated Statements of Changes in Stockholders' Equity/Net Investment - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Oil States' Net Investment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Total
Balance, December 31 at Dec. 31, 2012	$ 0	$ 0	$ 0	$ 1,302,664	$ 107,733	$ 1,248	$ 1,411,645
Balance, December 31 (in Shares) at Dec. 31, 2012	0
Net income				96,782		711	97,493
Currency translation adjustment					(137,940)	(79)	(138,019)
Dividends paid						(513)	(513)
Net transfers from Oil States International, Inc.				88,270			88,270
Balance, June 30 at Jun. 30, 2013	$ 0	0	0	1,487,716	(30,207)	1,367	1,458,876
Balance, June 30 (in Shares) at Jun. 30, 2013	0
Balance, December 31 at Dec. 31, 2013	$ 0	0	0	1,651,013	(59,979)	1,711	1,592,745
Balance, December 31 (in Shares) at Dec. 31, 2013	0
Net income			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)
Issuance of common stock at the Spin-Off (in Shares)	106,538,000
Stock-based compensation	$ 2	547					549
Stock-based compensation (in Shares)	153,000
Balance, June 30 at Jun. 30, 2014	$ 1,067	$ 1,311,395	$ 8,507	$ 0	$ (5,837)	$ 1,925	$ 1,317,057
Balance, June 30 (in Shares) at Jun. 30, 2014	106,691,000						106,691,058

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income	$ 50,881	$ 97,493
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	82,012	82,499
Impairment charges	11,610
Loss on extinguishment of debt	3,455	1,207
Deferred income tax provision (benefit)	(7,151)	7,088
Non-cash compensation charge	5,419	2,738
Losses on disposals of assets	574	613
Provision for loss on receivables	199	1,166
Fair value adjustment of contingent consideration		(3,865)
Other, net	851	1
Changes in operating assets and liabilities:
Accounts receivable	(12,622)	11,418
Inventories	8,841	91
Accounts payable and accrued liabilities	21,405	(25,432)
Taxes payable	(14,376)	(16,919)
Other current assets and liabilities, net	3,633	2,160
Net cash flows provided by operating activities	154,731	160,258
Cash flows from investing activities:
Capital expenditures, including capitalized interest	(141,667)	(160,605)
Proceeds from disposition of property, plant and equipment	1,350	1,343
Other, net	(778)	1
Net cash flows used in investing activities	(141,095)	(159,261)
Cash flows from financing activities:
Revolving credit borrowings and (repayments), net		(47,901)
Term loan borrowings	775,000
Debt issuance costs	(9,106)
Term loan repayments		(82,762)
Distributions to Oil States	(750,000)
Contributions from Oil States	28,170	84,383
Net cash flows provided by (used in) financing activities	44,064	(46,280)
Effect of exchange rate changes on cash	3,666	(16,904)
Net change in cash and cash equivalents	61,366	(62,187)
Cash and cash equivalents, beginning of period	224,128	161,396
Cash and cash equivalents, end of period	$ 285,494	$ 99,209

Note 1 - Spin-off, Description of Business and Basis of Presentation

6 Months Ended

Jun. 30, 2014

Disclosure Text Block [Abstract]

Business Description and Basis of Presentation [Text Block]

1.	SPIN-OFF, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Spin-off

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 company, Civeo Corporation (Civeo). 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 it held after the market closed on May 30, 2014 (the Spin-Off). Each Oil States stockholder received two shares of Civeo 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 separation, 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 common stock was not taxable to Oil States or U.S. holders of Oil States common stock. Following the separation, Oil States retained no ownership interest in Civeo, 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 separation was filed by Civeo with the U.S. Securities and Exchange Commission (SEC) and was declared effective on May 8, 2014 (the Form 10). On June 2, 2014, Civeo stock began trading the “regular-way” on the New York Stock Exchange 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. For further discussion, see Note 6 – Debt.

As a result of the Spin-Off, we incurred certain costs in the three month and six month periods ended June 30, 2014. We recognized a loss on the termination of debt of approximately $3.5 million related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying unaudited consolidated statements of income. We recorded transition and formation costs associated with the Spin-Off of approximately $1.9 million and $2.5 million for the three month and six month periods ended June 30, 2014, respectively, which are included in Spin-off and formation costs on the accompanying unaudited consolidated statements of income. We recognized a $9.0 million impairment of an intangible asset in Australia, which is included in Impairment expense on the accompanying unaudited consolidated statements of income. Due to the Spin-Off, and the resulting rebranding of our Australian operations from The MAC to Civeo, it was determined that the fair value of an intangible asset associated with The MAC brand had been reduced to nil. Additionally, we recognized an impairment totaling $2.6 million on assets that are in the custody of a non-paying client in Mexico and for which the return or reimbursement is uncertain.

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 work force 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.

Basis of Presentation

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 income and comprehensive income for the three months ended June 30, 2014 consist of the consolidated results of Civeo for the month ended June 30, 2014, and the combined results of the Oil States’ Accommodations business for the two months ended May 30, 2014. Our consolidated statements of income and comprehensive income for the six months ended June 30, 2014 consist of the consolidated results of Civeo for the one month ended June 30, 2014 and of the combined results of the Oil States’ Accommodations business for the five months ended May 30, 2014. Our consolidated statements of income and comprehensive income for the three and six months ended June 30, 2013 consist entirely of the combined results of the Oil States’ Accommodations business.

●

Our consolidated balance sheet at June 30, 2014 consists of the consolidated balances of Civeo, while at December 31, 2013, it consists entirely of the combined balances of the Oil States’ Accommodations business.

●

Our consolidated statements of cash flows and changes in stockholders’ equity / net investment for the six months ended June 30, 2014 consist of the consolidated results of Civeo for the one month ended June 30, 2014, and the combined results of the Oil States’ Accommodations business for the five months ended May 30, 2014. Our consolidated statements of cash flows and changes in stockholders’ equity / net investment for the six months ended June 30, 2013 consist entirely of the combined results of the Oil States’ Accommodations business.

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.

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 separation mean the Accommodations business of Oil States. For time periods after the separation, these terms refer to the legal entity Civeo Corporation and its consolidated subsidiaries.

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. Following the Spin-Off, Civeo is performing these functions using its own resources or purchased services. For an interim period, however, some of these functions will continue to be provided by Oil States under a Transition Services Agreement, which extends for a period of up to nine months from the date of the Spin-Off, depending on the service being provided. See Note 13 – Related Party Transactions.

Oil States uses 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 U.S. 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 we consider necessary for a fair presentation of the results of operations for the interim periods covered and for our financial condition at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. Certain reclassifications have been made to the December 31, 2013 consolidated balance sheet to conform to current year presentation.

The preparation of consolidated financial statements in conformity with U.S. 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 the audited financial statements and accompanying notes for the year ended December 31, 2013 included in our Form 10.

Note 2 - Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2014

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 May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance is effective for the interim and annual periods beginning on or after December 15, 2016 (early adoption is not permitted). The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial position, results of operations and related disclosures.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Note 3 - Fair Value Measurements

6 Months Ended

Jun. 30, 2014

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.

The fair value of our long-term debt to affiliates is estimated based on analysis of similar instruments (Level 2 fair value measurements). The carrying values and fair values of this debt are as follows for the periods indicated (in thousands):

	June 30, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Long-term debt to affiliates	$	--	$	--	$	335,171	$	361,264

As of June 30, 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.

- 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, 2014

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, 2014 and December 31, 2013 is presented below (in thousands):

	June 30, 2014			December 31, 2013
Accounts receivable, net:
Trade	$	145,200		$	128,781
Unbilled revenue		50,041			47,004
Other		1,641			5,716
Total accounts receivable		196,882			181,501
Allowance for doubtful accounts		(4,981	)		(3,656	)
Total accounts receivable, net	$	191,901		$	177,845

	June 30, 2014		December 31, 2013
Inventories:
Finished goods and purchased products	$	3,852	$	3,574
Work in process		9,573		14,328
Raw materials		7,189		11,913
Total inventories	$	20,614	$	29,815

	Estimated Useful Life (in years)			June 30, 2014			December 31, 2013
Property, plant and equipment, net:
Land				$	57,714		$	49,384
Accommodations assets	3	-	15		1,636,028			1,535,407
Buildings and leasehold improvements	3	-	20		52,097			45,538
Machinery and equipment	4	-	15		13,886			12,259
Office furniture and equipment	3	-	7		34,339			28,755
Vehicles	3	-	5		20,366			20,197
Construction in progress					176,848			129,587
Total property, plant and equipment					1,991,278			1,821,127
Accumulated depreciation					(576,727	)		(495,260	)
Total property, plant and equipment, net				$	1,414,551		$	1,325,867

	June 30, 2014		December 31, 2013
Accrued liabilities:
Accrued compensation	$	23,295	$	21,988
Accrued taxes, other than income taxes		2,270		1,940
Accrued interest		38		1,560
Other		1,788		1,386
Total accrued liabilities	$	27,391	$	26,874

Note 5 - Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5.	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 separation 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 44,773 shares issuable pursuant to outstanding stock options, due to their antidilutive effect.

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

	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
	2014			2013			2014			2013
Basic Earnings per Share
Net income attributable to Civeo	$	13,949		$	32,970		$	50,188		$	96,782
Less: undistributed net income to participating securities		(39	)		(76	)		(128	)		(222	)
Net income attributable to Civeo	$	13,910		$	32,894		$	50,060		$	96,560

Weighted average common shares outstanding - basic		106,294			106,293			106,294			106,293

Basic earnings per share	$	0.13		$	0.31		$	0.47		$	0.91

Diluted Earnings per Share
Net income attributable to Civeo’s common stockholders	$	13,910		$	32,894		$	50,060		$	96,560

Weighted average common shares outstanding - basic		106,294			106,293			106,294			106,293
Effect of dilutive securities		171			167			169			167
Weighted average common shares outstanding - diluted		106,465			106,460			106,463			106,460

Diluted earnings per share	$	0.13		$	0.31		$	0.47		$	0.91

Note 6 - Goodwill

6 Months Ended

Jun. 30, 2014

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

6.	GOODWILL

Changes in the carrying amount of goodwill for the six month period ended June 30, 2014 are as follows (in thousands):

	Canadian			Australian		U.S.		Total
Balance as of December 31, 2013	$	49,485		$	194,939	$	16,632	$	261,056
Foreign currency translation		(114	)		10,940		--		10,826
Balance as of June 30, 2014	$	49,371		$	205,879	$	16,632	$	271,882

Note 7 - Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

DEBT

As of June 30, 2014 and December 31, 2013, long-term debt consisted of the following (in thousands):

	June 30, 2014		December 31, 2013
U.S term loan, which matures on May 28, 2019, of $775 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, 2014	$	775,000	$	--

U.S revolving credit facility, which matures on May 28, 2019, with available commitments up to $450 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Australian revolving credit facility, which matures May 28, 2019, with available commitments up to $100 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Affiliate debt with Oil States		--		335,171
Total debt		775,000		335,171
Less: Current portion		--		--
Total long-term debt	$	775,000	$	335,171

Interest expense on the consolidated statements of income is net of capitalized interest of $1.0 million and $0.2 million for the three months ended June 30, 2014 and 2013, respectively. Interest expense on the consolidated statements of income is net of capitalized interest of $1.3 million and $0.5 million for the six months ended June 30, 2014 and 2013, respectively.

Affiliate debt

On May 27, 2014, in conjunction with the Spin-Off, our affiliate debt with Oil States was settled through a non-cash capital contribution. See Note 13 for further information.

Credit Facility

Civeo was a party to an Oil States credit facility agreement together with Oil States that had separate Canadian borrowing limits that served as debt financing for the Canadian operations of Civeo (Oil States Credit Facility). As of December 31, 2013, we had no outstanding balance under the Canadian portion of the credit facility and $0.9 million of outstanding letters of credit. Additionally, Civeo had a separate Australian credit facility (The MAC Group Credit Facility) that was used exclusively to support our Australian operations. As of December 31, 2013, we had no outstanding balance under the Australian credit facility. On May 28, 2014, the Oil States Credit Facility and The MAC Group Credit Facility were terminated. We recognized a loss on the termination during the second quarter 2014 of approximately $3.5 million related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying unaudited consolidated statements of income.

On May 28, 2014, we entered into (i) a $650.0 million, 5-year revolving credit facility which is allocated as follows: (A) a $450.0 million senior secured revolving credit facility in favor of Civeo, as borrower (the U.S. facility), (B) a $100.0 million senior secured revolving credit facility in favor of certain of our Canadian subsidiaries, as borrowers (the Canadian facility), and (C) a $100.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower (the Australian facility), and (ii) a $775.0 million, 5-year term loan facility in favor of Civeo (collectively, the Credit Agreement). U.S. Dollar amounts outstanding under the Credit Agreement bear interest at a variable rate equal to LIBOR plus a margin of 1.75% to 2.75%, or a base rate plus 0.75% to 1.75%, in each case based on a ratio of our total leverage to EBITDA (as defined in the Credit Agreement). Canadian Dollar amounts outstanding under the Credit Agreement bear interest at a variable rate equal to CDOR (as defined in the Credit Agreement) plus a margin of 1.75% to 2.75%, or a base rate plus a margin of 0.75% to 1.75%, in each case based on a ratio of our total leverage to EBITDA (as defined in the Credit Agreement). Australian Dollar amounts outstanding under the Credit Agreement bear interest at a variable rate equal to BBSY (as defined in the Credit Agreement) plus a margin of 1.75% to 2.75%, based on a ratio of our total leverage to EBITDA (as defined in the Credit Agreement). We paid certain customary fees with respect to the Credit Agreement. We have 15 lenders in our Credit Agreement with commitments ranging from $20 million to $195 million. As of June 30, 2014, we had outstanding letters of credit of $0.7 million under the U.S facility and $6.2 million under the Canadian facility.

The Credit Agreement 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 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. Each of the factors considered in the calculations of these ratios are defined in the Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill impairments, debt discount amortization and other non-cash charges. Borrowings under the Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. Obligations under the Credit Agreement are guaranteed by our significant subsidiaries.

In addition to the Credit Agreement, we have an Australian $30 million line of credit facility, which matures December 10, 2015. There were no letters of credit outstanding under this facility during the six month period ended June 30, 2014.

Note 8 - Income Taxes

6 Months Ended

Jun. 30, 2014

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 expense for the six months ended June 30, 2014 totaled $7.4 million, or 12.7% of pretax income, compared to income tax expense of $31.9 million, or 24.7% of pretax income, for the six months ended June 30, 2013. Generally, our effective tax rates are lower than U.S. statutory rates because of lower foreign income tax rates. The decrease in the effective tax rate from the prior year was largely the result of a change in the earnings mix between different tax jurisdictions. In addition, the effective tax rate was reduced 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).

Our income tax benefit for the three months ended June 30, 2014 totaled $4.9 million, or (52.4%) of pretax income, compared to income tax expense of $11.4 million, or 25.4% of pretax income, for the three months ended June 30, 2013. 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, 2014

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, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

10.

ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other comprehensive loss decreased $54.2 million from a $60.0 million accumulated loss at December 31, 2013 to a $5.8 million accumulated loss at June 30, 2014, as a result of foreign currency exchange rate differences. Changes in the other comprehensive loss during the first half of 2014 were primarily driven by the Australian dollar increasing 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$972 million, respectively, at June 30, 2014.

- 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, 2014

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 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. 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. A total of 120,799 Oil States stock options were converted to 554,738 Civeo stock options at May 30, 2014. Compensation expense associated with stock options recognized in the three month periods ended June 30, 2014 and 2013 totaled $0.2 million and $0.4 million, respectively. Compensation expense associated with stock options recognized in the six month periods ended June 30, 2014 and 2013 totaled $0.3 million and $0.8 million, respectively.

At June 30, 2014, unrecognized compensation cost related to stock options was $0.8 million, which is expected to be recognized over a weighted average period of 2.1 years.

Restricted Stock Awards. A total of 94,936 unvested Oil States restricted stock awards were converted to 435,999 unvested Civeo restricted stock awards at May 30, 2014. Included in this total were 20,000 Oil States performance based restricted stock awards, which vested in an amount that depended on Oil States achievement of specified performance objectives. In conjunction with the Spin-Off transaction, the awards were cancelled and the holders were granted 91,848 unvested Civeo restricted stock awards, of which half vest in February 2015 and the other half vest in February 2016.

On May 30, 2014, we granted 149,256 restricted stock awards 37,947 of the awards vest on May 30, 2015 and the remaining 111,309 vest in four equal annual installments beginning on May 30, 2015.

Compensation expense associated with restricted stock awards recognized in the three month periods ended June 30, 2014 and 2013 totaled $1.1 million and $0.3 million, respectively. Compensation expense associated with restricted stock awards recognized in the six month periods ended June 30, 2014 and 2013 totaled $1.8 million and $0.6 million, respectively. The total fair value of restricted stock awards that vested during the three months ended June 30, 2014 and 2013 was de minimis. The total fair value of restricted stock awards that vested during the six months ended June 30, 2014 and 2013 was $2.5 million and $0.9 million, respectively.

At June 30, 2014, unrecognized compensation cost related to restricted stock awards was $9.5 million, which is expected to be recognized over a weighted average period of 3.2 years.

Phantom ShareAwards. A total of 123,183 awards granted under the Canadian Long-Term Incentive Plan were converted to 565,706 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 awards are accounted for as a liability that is remeasured at each reporting date until paid.

On May 30, 2014, we granted 4,337 phantom stock awards, all of which vest in three equal annual installments beginning on May 30, 2015. Compensation expense associated with phantom shares recognized in the three month periods ended June 30, 2014 and 2013 totaled $4.1 million and $1.0 million, respectively. Compensation expense associated with phantom shares recognized in the six month periods ended June 30, 2014 and 2013 totaled $5.5 million and $1.8 million, respectively.

At June 30, 2014, unrecognized compensation cost related to phantom shares was $9.6 million, as remeasured at June 30, 2014, which is expected to be recognized over a weighted average period of 2.1 years.

Note 12 - Segment and Related Information

6 Months Ended

Jun. 30, 2014

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 work force accommodations.

Financial information by business segment for each of the three and six months ended June 30, 2014 and 2013 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, 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

Three months ended June 30, 2013
Canada	$	163,730		$	(2,778	)	$	160,952	$	20,736		$	37,638		$	49,971		$	890,462
Australia		64,043						64,043		16,598			17,527			23,907			885,997
United States		27,746			(9,751	)		17,995		4,114			(1,540	)		18,029			200,208
Corporate, stand-alone adjustments and eliminations		(12,529	)		12,529			--		(37	)		(1,993	)		(1,218	)		4,777
Total	$	242,990		$	--		$	242,990	$	41,411		$	51,632		$	90,689		$	1,981,444

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

Six months ended June 30, 2013
Canada	$	371,384		$	(2,781	)	$	368,603	$	40,836		$	106,274		$	90,784		$	890,462
Australia		131,772						131,772		33,705			37,093			39,589			885,997
United States		47,654			(10,501	)		37,153		8,028			3,003			31,519			200,208
Corporate, stand-alone adjustments and eliminations		(13,282	)		13,282			--		(70	)		(3,977	)		(1,287	)		4,777
Total	$	537,528		$	--		$	537,528	$	82,499		$	142,393		$	160,605		$	1,981,444

- 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.

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+ Details

Note 13 - Related Party Transactions

6 Months Ended

Jun. 30, 2014

13. RELATED PARTY TRANSACTIONS

Our related parties included Oil States until May 30, 2014, the effective date of the Spin-Off.

On May 27, 2014, in connection with the Spin-off, we entered into several agreements with Oil States that govern the Spin-Off and the relationship of the parties following the Spin-Off. Because the terms of these agreements were entered into in the context of a related party transaction, the terms may not be comparable to terms that would be obtained in a transaction between unaffiliated parties.

The Separation and Distribution Agreement between us and Oil States contains the key provisions relating to the separation of our business from Oil States and the distribution of our common stock to Oil States stockholders. The Separation and Distribution Agreement identifies the assets that were transferred or sold, liabilities that were assumed or sold and contracts that were assigned to us by Oil States or by us to Oil States in the Spin-Off and describes how these transfers, sales, assumptions and assignments occurred. Pursuant to the Separation and Distribution Agreement, on May 28, 2014, we made a cash distribution to Oil States of $750 million.

The Indemnification and Release Agreement governs the treatment of all aspects relating to indemnification, insurance, litigation responsibility and management, and litigation document sharing and cooperation. Generally, the Indemnification and Release 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 Indemnification and Release 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. See Note 9.

The Tax Sharing Agreement governs the respective rights, responsibilities and obligations of Oil States and us with respect to taxes and tax benefits, the filing of tax returns, the control of audits, restrictions on us to preserve the tax-free status of the Spin-Off and other tax matters.

The Employee Matters Agreement provides that each company has responsibility for its own employees and compensation plans. The agreement also contains provisions regarding stock-based compensation. See Note 11.

The Transition Services Agreement sets forth the terms on which Oil States will provide to us, and we will provide to Oil States, on a temporary basis, certain services or functions that the companies historically have shared. Transition services provided to us by Oil States may include administrative, payroll, legal, human resources, data processing, financial audit support, financial transaction support, and other support services, information technology systems and various other corporate services. Transition services provided to Oil States by us may include information technology systems, financial audit support, tax support and other corporate services. The agreement provides for the provision of specified transition services, generally for a period of up to nine months from the date of the Spin-Off, with a possible extension of 1 month (an aggregate of 10 months) at a predetermined fee based on estimated cost to Oil States. We incurred costs totaling $0.2 million under the Transition Services Agreement for June 2014.

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 and 2013, $8.7 million and $33.9 million, respectively, 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 and 2013, $41.7 million and $63.7 million, respectively, 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 income 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 and 2013, we were allocated $1.2 million and $1.3 million, respectively, in respect of these corporate expenses which are included within selling, general and administrative expenses in the consolidated statements of income. During the six months ended June 30, 2014 and 2013, we were allocated $2.8 million and $2.7 million, respectively, in respect of these corporate expenses which are included within selling, general and administrative expenses in the consolidated statements of income.

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 and 2013 are as follows (in thousands):

	2014			2013
Cash transfers and general financing activities	$	(13,255	)	$	19,329
Services received or funding for expenditures		41,725			63,671
Corporate allocations, including income tax provision (1)		3,950			5,270
Net increase in Oil States net investment	$	32,420		$	88,270

(1)

Corporate allocations includes the general corporate expense allocations of $2.8 million and $2.7 million for the six months ended June 30, 2014 and 2013, respectively, 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 consolidated balance sheets.

Supplemental Cash Flow Information

In accordance with the Separation and Distribution Agreement, our affiliate debt with Oil States, which totaled approximately $336.8 million as of May 30, 2014, including accrued interest, was settled through a non-cash capital contribution.

- 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, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

14. SUBSEQUENT EVENT

On July 29, 2014, we announced that our board of directors had declared a quarterly cash dividend of $0.13 per share of common stock, payable on August 29, 2014 to shareholders of record on August 15, 2014.

Accounting Policies, by Policy (Policies)

6 Months Ended

Jun. 30, 2014

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:

●

Note 3 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]

	June 30, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Long-term debt to affiliates	$	--	$	--	$	335,171	$	361,264

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

6 Months Ended

Jun. 30, 2014

Disclosure Text Block Supplement [Abstract]

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

	June 30, 2014			December 31, 2013
Accounts receivable, net:
Trade	$	145,200		$	128,781
Unbilled revenue		50,041			47,004
Other		1,641			5,716
Total accounts receivable		196,882			181,501
Allowance for doubtful accounts		(4,981	)		(3,656	)
Total accounts receivable, net	$	191,901		$	177,845

Schedule of Inventory, Current [Table Text Block]

	June 30, 2014		December 31, 2013
Inventories:
Finished goods and purchased products	$	3,852	$	3,574
Work in process		9,573		14,328
Raw materials		7,189		11,913
Total inventories	$	20,614	$	29,815

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)			June 30, 2014			December 31, 2013
Property, plant and equipment, net:
Land				$	57,714		$	49,384
Accommodations assets	3	-	15		1,636,028			1,535,407
Buildings and leasehold improvements	3	-	20		52,097			45,538
Machinery and equipment	4	-	15		13,886			12,259
Office furniture and equipment	3	-	7		34,339			28,755
Vehicles	3	-	5		20,366			20,197
Construction in progress					176,848			129,587
Total property, plant and equipment					1,991,278			1,821,127
Accumulated depreciation					(576,727	)		(495,260	)
Total property, plant and equipment, net				$	1,414,551		$	1,325,867

Schedule of Accrued Liabilities [Table Text Block]

	June 30, 2014		December 31, 2013
Accrued liabilities:
Accrued compensation	$	23,295	$	21,988
Accrued taxes, other than income taxes		2,270		1,940
Accrued interest		38		1,560
Other		1,788		1,386
Total accrued liabilities	$	27,391	$	26,874

Note 5 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

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,
	2014			2013			2014			2013
Basic Earnings per Share
Net income attributable to Civeo	$	13,949		$	32,970		$	50,188		$	96,782
Less: undistributed net income to participating securities		(39	)		(76	)		(128	)		(222	)
Net income attributable to Civeo	$	13,910		$	32,894		$	50,060		$	96,560

Weighted average common shares outstanding - basic		106,294			106,293			106,294			106,293

Basic earnings per share	$	0.13		$	0.31		$	0.47		$	0.91

Diluted Earnings per Share
Net income attributable to Civeo’s common stockholders	$	13,910		$	32,894		$	50,060		$	96,560

Weighted average common shares outstanding - basic		106,294			106,293			106,294			106,293
Effect of dilutive securities		171			167			169			167
Weighted average common shares outstanding - diluted		106,465			106,460			106,463			106,460

Diluted earnings per share	$	0.13		$	0.31		$	0.47		$	0.91

Note 6 - Goodwill (Tables)

6 Months Ended

Jun. 30, 2014

Disclosure Text Block Supplement [Abstract]

Schedule of Goodwill [Table Text Block]

	Canadian			Australian		U.S.		Total
Balance as of December 31, 2013	$	49,485		$	194,939	$	16,632	$	261,056
Foreign currency translation		(114	)		10,940		--		10,826
Balance as of June 30, 2014	$	49,371		$	205,879	$	16,632	$	271,882

Note 7 - Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

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

	June 30, 2014		December 31, 2013
U.S term loan, which matures on May 28, 2019, of $775 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, 2014	$	775,000	$	--

U.S revolving credit facility, which matures on May 28, 2019, with available commitments up to $450 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Australian revolving credit facility, which matures May 28, 2019, with available commitments up to $100 million; no borrowings outstanding during the six month period ended June 30, 2014		--		--

Affiliate debt with Oil States		--		335,171
Total debt		775,000		335,171
Less: Current portion		--		--
Total long-term debt	$	775,000	$	335,171

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Note 12 - Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2014

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, 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

Three months ended June 30, 2013
Canada	$	163,730		$	(2,778	)	$	160,952	$	20,736		$	37,638		$	49,971		$	890,462
Australia		64,043						64,043		16,598			17,527			23,907			885,997
United States		27,746			(9,751	)		17,995		4,114			(1,540	)		18,029			200,208
Corporate, stand-alone adjustments and eliminations		(12,529	)		12,529			--		(37	)		(1,993	)		(1,218	)		4,777
Total	$	242,990		$	--		$	242,990	$	41,411		$	51,632		$	90,689		$	1,981,444

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

Six months ended June 30, 2013
Canada	$	371,384		$	(2,781	)	$	368,603	$	40,836		$	106,274		$	90,784		$	890,462
Australia		131,772						131,772		33,705			37,093			39,589			885,997
United States		47,654			(10,501	)		37,153		8,028			3,003			31,519			200,208
Corporate, stand-alone adjustments and eliminations		(13,282	)		13,282			--		(70	)		(3,977	)		(1,287	)		4,777
Total	$	537,528		$	--		$	537,528	$	82,499		$	142,393		$	160,605		$	1,981,444

Note 13 - Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Cash Flow Statement [Table Text Block]

	2014			2013
Cash transfers and general financing activities	$	(13,255	)	$	19,329
Services received or funding for expenditures		41,725			63,671
Corporate allocations, including income tax provision (1)		3,950			5,270
Net increase in Oil States net investment	$	32,420		$	88,270

Note 1 - Spin-off, Description of Business and Basis of Presentation (Details) $ in Millions	May 28, 2014 USD ($)
Spinoff [Member] \| Cash [Member]
Note 1 - Spin-off, Description of Business and Basis of Presentation (Details) [Line Items]
Payments of Distributions to Affiliates	$ 750

Note 3 - Fair Value Measurements (Details) $ in Millions	Jun. 30, 2014 USD ($)
Fair Value Disclosures [Abstract]
Long-term Debt, Fair Value	$ 775

Note 3 - Fair Value Measurements (Details) - Fair Values of Long-Term Debt to Affiliates - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Affiliated Entity [Member]
Note 3 - Fair Value Measurements (Details) - Fair Values of Long-Term Debt to Affiliates [Line Items]
Long-term debt to affiliates	$ 0	$ 335,171
Long-term debt to affiliates	0	$ 361,264
Long-term debt to affiliates	$ 775,000

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Accounts Receivable - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable	$ 145,200	$ 128,781
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable	50,041	47,004
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable	1,641	5,716
Accounts Receivable	196,882	181,501
Allowance for doubtful accounts	(4,981)	(3,656)
Total accounts receivable, net	$ 191,901	$ 177,845

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Inventories - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Inventories:
Finished goods and purchased products	$ 3,852	$ 3,574
Work in process	9,573	14,328
Raw materials	7,189	11,913
Total inventories	$ 20,614	$ 29,815

Note 4 - Details of Selected Balance Sheet Accounts (Details) - Property Plant and Equipment	6 Months Ended
	Jun. 30, 2014
Accommodations Assets [Member] \| Minimum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Accommodations Assets [Member] \| Maximum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	15 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	20 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	4 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	15 years
Office Equipment [Member] \| Minimum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Office Equipment [Member] \| Maximum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	7 years
Vehicles [Member] \| Minimum [Member]
Property, plant and equipment, net:
Property, plant and equipment, estimated useful life	3 years
Vehicles [Member] \| Maximum [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, 2014	Dec. 31, 2013
Accrued liabilities:
Accrued compensation	$ 23,295	$ 21,988
Accrued taxes, other than income taxes	2,270	1,940
Accrued interest	38	1,560
Other	1,788	1,386
Total accrued liabilities	$ 27,391	$ 26,874

Note 5 - Earnings Per Share (Details) - shares	6 Months Ended
Note 5 - Earnings Per Share (Details) - shares	Jun. 30, 2014	May 30, 2014
Equity Option [Member]
Note 5 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	44,773
Common Stock - Civeo [Member] \| Spinoff [Member]
Note 5 - Earnings Per Share (Details) [Line Items]
Common Stock, Shares, Issued		106,538,044
Common Stock, Shares, Issued	106,691,058

Note 5 - 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, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Basic Earnings per Share
Net income attributable to Civeo	$ 13,949	$ 32,970	$ 50,188	$ 96,782
Less: undistributed net income to participating securities	(39)	(76)	(128)	(222)
Net income attributable to Civeo	$ 13,910	$ 32,894	$ 50,060	$ 96,560
Weighted average common shares outstanding - basic	106,294	106,293	106,294	106,293
Basic earnings per share	$ 0.13	$ 0.31	$ 0.47	$ 0.91
Diluted Earnings per Share
Net income attributable to Civeo’s common stockholders	$ 13,910	$ 32,894	$ 50,060	$ 96,560
Weighted average common shares outstanding - basic	106,294	106,293	106,294	106,293
Effect of dilutive securities	171	167	169	167
Weighted average common shares outstanding - diluted	106,465	106,460	106,463	106,460
Diluted earnings per share	$ 0.13	$ 0.31	$ 0.47	$ 0.91

Note 6 - Goodwill (Details) - Goodwill $ in Thousands	6 Months Ended
Note 6 - Goodwill (Details) - Goodwill $ in Thousands	Jun. 30, 2014 USD ($)
Canadian Segment [Member]
Goodwill [Line Items]
Balance as of December 31, 2013	$ 49,485
Foreign currency translation	(114)
Balance as of June 30, 2014	49,371
Australian Segment [Member]
Goodwill [Line Items]
Balance as of December 31, 2013	194,939
Foreign currency translation	10,940
Balance as of June 30, 2014	205,879
US Segment [Member]
Goodwill [Line Items]
Balance as of December 31, 2013	16,632
Balance as of June 30, 2014	16,632
Balance as of December 31, 2013	261,056
Foreign currency translation	10,826
Balance as of June 30, 2014	$ 271,882

Note 7 - Debt (Details) - USD ($) $ in Millions	May 28, 2014	Jun. 30, 2014
United States of America, Dollars \| Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
United States of America, Dollars \| Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
United States of America, Dollars \| Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
United States of America, Dollars \| Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Canada, Dollars \| Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Canada, Dollars \| Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Canada, Dollars \| Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Canada, Dollars \| Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Australia, Dollars \| Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Australia, Dollars \| Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Minimum [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 20
Maximum [Member]
Note 7 - Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 195

Note 7 - Debt (Details) - Long-Term Debt - USD ($) $ in Thousands	Jun. 30, 2014	May 30, 2014	Dec. 31, 2013
Oil States' [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 336,800	$ 335,171
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, which matures on May 28, 2019, of $775 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, 2014	775,000		0
Long-term debt	775,000		335,171
Less: Current portion	0		0
Total long-term debt	$ 775,000		$ 335,171

Note 7 - Debt (Details) - Long-Term Debt (Parentheticals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	May 28, 2014
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 450	$ 650,000
Canadian Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 100
Australian Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	May 28, 2019
Available commitments	$ 100
Term loan, matures	May 28, 2019
Term loan, face amount	$ 775
Term loan, interest rate	1.25%
Term loan, weighted-average interest rate	2.50%

Note 8 - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
Note 8 - Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ (4,911)	$ 11,360	$ 31,900	$ 7,400	$ 31,932
Effective Income Tax Rate Reconciliation, Percent	(52.40%)	25.40%	24.70%	12.70%

Note 10 - Accumulated Other Comprehensive Loss (Details) $ in Thousands, $ in Millions, $ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2014 CAD ($)	Jun. 30, 2014 AUD ($)	Dec. 31, 2013 USD ($)
Disclosure Text Block [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ 41,127	$ (132,208)	$ 54,140	$ (138,019)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (5,837)		$ (5,837)				$ (59,979)
Translation Adjustment Functional to Reporting Currency, Net of Tax					$ 1.0	$ 972

- 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
	May 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Restricted Stock [Member] \| Converted Oil States' Restricted Stock [Memeber]
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)	435,999
Restricted Stock [Member] \| Cancelled Oil States' Performance-based Restricted Stock [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)	91,848
Restricted Stock [Member] \| Oil States' [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised (in Shares)	94,936
Restricted Stock [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 1.1	$ 0.3	$ 1.8	$ 0.6
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				3 years 73 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	149,256
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value				$ 2.5	0.9
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		9.5		$ 9.5
Performance-based Restricted Stock [Member] \| Oil States' [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)	20,000
Performance-based Restricted Stock [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in Shares)	20,000
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, Non-Option Equity Instruments, Exercised (in Shares)				123,183
Phantom Share Units (PSUs) [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		4.1	1.0	$ 5.5	1.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)	4,337			565,706
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 9.6		$ 9.6
Vest on May 30, 2015 [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)	37,947
Vest After May 30, 2015 [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)	111,309
Oil States' [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)	120,799
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)		4,000,000		4,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)	554,738
Allocated Share-based Compensation Expense		$ 0.2	$ 0.4	$ 0.3	$ 0.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 0.8		$ 0.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 36 days

Note 12 - Segment and Related Information (Details) - Financial Information by Business Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Canadian Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	$ 156,527	$ 163,730	$ 337,108	$ 371,384
Canadian Segment [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(48)	(2,778)	(305)	(2,781)
Canadian Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	156,479	160,952	336,803	368,603
Depreciation and amortization	21,347	20,736	41,341	40,836
Operating income (loss)	25,424	37,638	67,466	106,274
Capital expenditures	71,868	49,971	131,834	90,784
Total assets	1,084,335	890,462	1,084,335	890,462
Australian Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	54,383	64,043	109,847	131,772
Australian Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	54,383	64,043	109,847	131,772
Depreciation and amortization	16,246	16,598	31,086	33,705
Operating income (loss)	(205)	17,527	15,638	37,093
Capital expenditures	5,399	23,907	7,580	39,589
Total assets	961,775	885,997	961,775	885,997
US Segment [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	38,559	27,746	72,685	47,654
US Segment [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(22,288)	(9,751)	(39,403)	(10,501)
US Segment [Member]
Segment Reporting Information [Line Items]
Total Revenue	16,271	17,995	33,282	37,153
Depreciation and amortization	4,850	4,114	9,649	8,028
Operating income (loss)	(3,767)	(1,540)	(5,428)	3,003
Capital expenditures	2,724	18,029	5,682	31,519
Total assets	199,665	200,208	199,665	200,208
Corporate and Other [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	(22,336)	(12,529)	(39,708)	(13,282)
Corporate and Other [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	22,336	12,529	39,708	13,282
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	(30)	(37)	(64)	(70)
Operating income (loss)	(5,226)	(1,993)	(8,590)	(3,977)
Capital expenditures	(1,849)	(1,218)	(3,429)	(1,287)
Total assets	67,854	4,777	67,854	4,777
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	227,133	242,990	479,932	537,528
Total Revenue	227,133	242,990	479,932	537,528
Depreciation and amortization	42,413	41,411	82,012	82,499
Operating income (loss)	16,226	51,632	69,086	142,393
Capital expenditures	78,142	90,689	141,667	160,605
Total assets	$ 2,313,629	$ 1,981,444	$ 2,313,629	$ 1,981,444	$ 2,123,237

Note 13 - Related Party Transactions (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	May 28, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	May 30, 2014	Dec. 31, 2013
Selling, General and Administrative Expenses [Member] \| Oil States' [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party		$ 1,200	$ 1,300	$ 2,800	$ 2,700
Oil States' [Member] \| Services and Funding [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		8,700	$ 33,900	41,700	63,700
Oil States' [Member] \| General Corporate Expense [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Amounts of Transaction				2,800	$ 2,700
Oil States' [Member]
Note 13 - Related Party Transactions (Details) [Line Items]
Payments of Distributions to Affiliates	$ 750,000
Costs Incurred, Development Costs	$ 200
Due to Related Parties		0		0		$ 336,800	$ 335,171
Payments of Distributions to Affiliates				750,000
Costs Incurred, Development Costs		1,896		2,469
Due to Related Parties		$ 775,000		$ 775,000			$ 335,171

Note 13 - Related Party Transactions (Details) - Oil States' Net Investment - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Oil States' [Member]

Condensed Cash Flow Statements, Captions [Line Items]

Cash transfers and general financing activities

$ (13,255)

$ 19,329

Services received or funding for expenditures

41,725

63,671

Corporate allocations, including income tax provision (1)

^[1]

3,950

5,270

Net increase in Oil States net investment

$ 32,420

$ 88,270

Net increase in Oil States net investment

$ 369,219

$ 88,270

[1]

Note 14 - Subsequent Events (Details) - Subsequent Event [Member]	1 Months Ended
	Jul. 29, 2014 USD ($)
Note 14 - Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Jul. 29, 2014
Dividends, Common Stock	$ 0.13
Dividends Payable, Date to be Paid	Aug. 29, 2014
Dividends Payable, Date of Record	Aug. 15, 2014

Label	Element	Value
Interest Costs Capitalized	us-gaap_InterestCostsCapitalized	$ 1,000,000
Interest Costs Capitalized	us-gaap_InterestCostsCapitalized	200,000
Interest Costs Capitalized	us-gaap_InterestCostsCapitalized	1,300,000
Interest Costs Capitalized	us-gaap_InterestCostsCapitalized	500,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	576,727,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	495,260,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	1,991,278,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	$ 1,821,127,000
NumberOfLenders	cveo_NumberOfLenders	15
InterestCoverageRatio	cveo_InterestCoverageRatio	3.0
Number of Reportable Segments	us-gaap_NumberOfReportableSegments	3
LeverageRatio	cveo_LeverageRatio	3.5
NumberOfCompaniesSeparatedInSpinOff	cveo_NumberOfCompaniesSeparatedInSpinOff	2
Spinoff [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	106,538,044
Accommodations Assets [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	$ 1,636,028,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	1,535,407,000
Building and Building Improvements [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	52,097,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	45,538,000
Construction in Progress [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	176,848,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	129,587,000
Office Equipment [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	34,339,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	28,755,000
Land [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	57,714,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	49,384,000
Vehicles [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	20,366,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	20,197,000
Machinery and Equipment [Member]
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	13,886,000
Property, plant and equipment, gross	us-gaap_PropertyPlantAndEquipmentGross	$ 12,259,000
US Term Loan [Member]
Debt Instrument, Term	us-gaap_DebtInstrumentTerm	5 years
AUSTRALIA
Impairment of Intangible Assets (Excluding Goodwill)	us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill	$ 9,000,000
MEXICO
Impairment expense	us-gaap_AssetImpairmentCharges	2,600,000
Allocated To Civeo [Member] \| US Term Loan [Member]
Term loan, face amount	us-gaap_DebtInstrumentFaceAmount	$ 775,000,000
Debt Instrument, Term	us-gaap_DebtInstrumentTerm	5 years
Line of Credit [Member]
Letters of Credit Outstanding, Amount	us-gaap_LettersOfCreditOutstandingAmount	$ 700,000
Line of Credit [Member] \| Australian Credit Facility [Member]
Letters of Credit Outstanding, Amount	us-gaap_LettersOfCreditOutstandingAmount	0
Available commitments	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 30,000,000
Revolving Credit Facility [Member]
Debt Instrument, Term	us-gaap_DebtInstrumentTerm	5 years
Revolving Credit Facility [Member] \| Allocated To Australian Subsidiarie [Member]
Available commitments	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	$ 100,000,000
Revolving Credit Facility [Member] \| Allocated To Civeo [Member]
Available commitments	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	450,000,000
Revolving Credit Facility [Member] \| Allocated To Canadian Subsidiaries [Member]
Available commitments	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity	100,000,000
Canadian Credit Facility [Member]
Letters of Credit Outstanding, Amount	us-gaap_LettersOfCreditOutstandingAmount	900,000
Letters of Credit Outstanding, Amount	us-gaap_LettersOfCreditOutstandingAmount	$ 6,200,000
Common Stock Civeo [Member] \| Spinoff [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	us-gaap_StockholdersEquityNoteStockSplitConversionRatio1	2
Common Stock Oil States [Member] \| Spinoff [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	us-gaap_StockholdersEquityNoteStockSplitConversionRatio1	1