W-H ENERGY SERVICES INC
S-1/A, EX-11.1, 2000-07-28
OIL & GAS FIELD MACHINERY & EQUIPMENT
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<PAGE>   1


                                                                    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                   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
                                  12,049,424      277      3,337,690,448
                                                  364      4,127,215,448  / 364    11,338,504   (15,220,000)   (1.34)

Six Months Ended June 30, 1999     9,075,000       87        789,525,000
                                  12,049,424       93      1,120,596,432
                                                  180      1,910,121,432  / 181    10,611,786    (9,159,000)   (0.86)

Six Months Ended June 30, 2000    12,049,424       31        373,532,144
                                  12,059,324      150      1,808,898,600
                                                  181      2,182,430,744  / 181    12,057,628    (1,430,000)   (0.12)
</TABLE>


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