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EXHIBIT 11.1
W-H Energy Services, Inc.
Statement Regarding Computation of Earnings Per Share
The following reflects the information used in calculating the number of
shares in the computation of net loss per share for each of the periods set
forth in the Consolidated Statements of Operations and Comprehensive Income.
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<CAPTION>
Average Loss
Days Shares Per
Shares Outstanding Shares X Days Outstanding Loss Share
<S> <C> <C> <C> <C> <C> <C> <C>
Year Ended December 31, 1997 22,803,000 222 5,062,266,000
9,075,000 142 1,288,650,000
364 6,350,916,000 / 364 17,447,571 (5,669,000) (0.32)
Year Ended December 31, 1997 9,075,000 364 3,303,300,000 / 364 9,075,000 (1,386,000) (0.15)
Year Ended December 31, 1999 9,075,000 87 789,525,000
12,049,436 277 3,337,693,772
364 4,127,218,772 / 364 11,338,513 (15,220,000) (1.34)
Six Months Ended June 30, 1999 9,075,000 87 789,525,000
12,049,436 93 1,120,597,548
180 1,910,122,548 / 180 10,611,792 (9,159,000) (0.86)
Six Months Ended June 30, 2000 12,049,436 31 373,532,516
12,059,336 150 1,808,900,400
181 2,182,432,916 / 181 12,057,640 (1,430,000) (0.12)
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