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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.
<TABLE>
<CAPTION>
AVERAGE INCOME
DAYS SHARES INCOME (LOSS) PER
SHARES OUTSTANDING SHARES X DAYS OUTSTANDING (LOSS) SHARE
---------- ----------- ------------- ----------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
BASIC:
Three months ended September
30, 1999.................. 12,049,436 92 1,108,548,112/92 12,049,436 (4,824,000) (0.40)
Three months ended September
30, 2000.................. 12,059,336 92 1,109,458,912/92 12,059,336 3,312,000 0.27
Nine months ended September
30, 1999.................. 9,075,000 87 789,525,000
12,049,436 185 2,229,145,660
272 3,018,670,660/272 11,098,054 (13,983,000) (1.26)
Nine months ended September
30, 2000.................. 12,049,436 31 373,532,516
12,059,336 242 2,918,359,312
273 3,291,891,828/273 12,058,212 1,882,000 0.16
DILUTED:
Three months ended September
30, 2000.................. 15,773,182 92 1,451,132,744/92 15,773,182 3,312,000 0.21
Nine months ended September
30, 2000.................. 15,763,282 31 488,661,742
15,773,182 242 3,817,110,044
273 4,305,771,786/273 15,772,058 1,882,000 0.12
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