<PAGE>
                                                                    EXHIBIT 11.1

                            W-H Energy Services, Inc.

              Statement Regarding Computation of Earnings Per Share

     Thefollowing reflects the information used in calculating the number of
        shares in the computation of net income per share for each of the
       periods set forth in the Consolidated Statements of Operations and
                              Comprehensive Income.



<TABLE>
<CAPTION>


                                                                                                 AVERAGE
                                                          DAYS                                    SHARES       NET         EARNINGS
                                         SHARES        OUTSTANDING       SHARES X DAYS         OUTSTANDING   INCOME        PER SHARE
                                         ----------    -----------      --------------        ------------  ---------      ---------
<S>                                      <C>           <C>              <C>                   <C>           <C>            <C>
BASIC:

Three months ended September 30, 2003    27,159,064            2           54,318,128
                                         27,159,476           12          325,913,712
                                         27,161,557            4          108,646,228
                                         27,163,585           17          461,780,945
                                         27,269,233            9          245,423,097
                                         27,270,033            1           27,270,033
                                         27,271,333            1           27,271,333
                                         27,274,183            3           81,822,549
                                         27,274,633           35          954,612,155
                                         27,279,233            1           27,279,233
                                         27,281,089            1           27,281,089
                                         27,283,689            6          163,702,134

                                                              92        2,505,320,636  /92     27,231,746   4,679,000          0.17

Three months ended September 30, 2004:   27,474,972            1           27,474,972
                                         27,477,084            1           27,477,084
                                         27,485,984            6          164,915,904
                                         27,487,584            1           27,487,584
                                         27,488,122            7          192,416,854
                                         27,507,697           18          495,138,546
                                         27,510,172            7          192,571,204
                                         27,583,972            1           27,583,972
                                         27,609,997           23          635,029,931
                                         27,610,411            5          138,052,055
                                         27,611,029            1           27,611,029
                                         27,612,679            6          165,676,074
                                         27,616,179            5          138,080,895
                                         27,617,679            7          193,323,753
                                         27,618,679            3           82,856,037

                                                              92        2,535,695,894  /92     27,561,912   5,255,000          0.19


Nine months ended September 30, 2003     27,015,847            3           81,047,541
                                         27,020,847            7          189,145,929
                                         27,028,247            3           81,084,741
                                         27,032,647            1           27,032,647
                                         27,035,647           14          378,499,058
                                         27,038,947            3           81,116,841
                                         27,039,788           14          378,557,032
                                         27,041,438            7          189,290,066
                                         27,045,422            5          135,227,110
                                         27,046,522           14          378,651,308
                                         27,048,522            5          135,242,610
                                         27,064,466           15          405,966,990
                                         27,120,649            6          162,723,894
                                         27,121,899           17          461,072,283
                                         27,126,536            1           27,126,536
                                         27,127,774            6          162,766,644

</TABLE>

<PAGE>


<TABLE>



<S>                                      <C>                 <C>        <C>                    <C>         <C>                 <C>
                                         27,129,686            1           27,129,686
                                         27,131,481            4          108,525,924
                                         27,131,894            2           54,263,788
                                         27,132,926            1           27,132,926
                                         27,138,927            4          108,555,708
                                         27,139,257            1           27,139,257
                                         27,140,907            6          162,845,442
                                         27,146,407            1           27,146,407
                                         27,146,907            6          162,881,442
                                         27,147,319            1           27,147,319
                                         27,149,319            2           54,298,638
                                         27,150,019            3           81,450,057
                                         27,151,176            1           27,151,176
                                         27,152,826            8          217,222,608
                                         27,157,826            7          190,104,782
                                         27,159,064           14          380,226,896
                                         27,159,476           12          325,913,712
                                         27,161,557            4          108,646,228
                                         27,163,585           17          461,780,945
                                         27,269,233            9          245,423,097
                                         27,270,033            1           27,270,033
                                         27,271,333            1           27,271,333
                                         27,274,183            3           81,822,549
                                         27,274,633           35          954,612,155
                                         27,279,233            1           27,279,233
                                         27,281,089            1           27,281,089
                                         27,283,689            6          163,702,134

                                                             273        7,408,775,794  /273    27,138,373  16,307,000          0.60

Nine months ended September 30, 2004     27,400,878            9          246,607,902
                                         27,401,278            7          191,808,946
                                         27,404,578           10          274,045,780
                                         27,406,228           22          602,937,016
                                         27,406,641            8          219,253,128
                                         27,418,191           22          603,200,202
                                         27,421,491           15          411,322,365
                                         27,424,391           26          713,034,166
                                         27,438,020            1           27,438,020
                                         27,447,920            4          109,791,680
                                         27,456,170            1           27,456,170
                                         27,456,970            2           54,913,940
                                         27,457,383           20          549,147,660
                                         27,460,883           21          576,678,543
                                         27,464,296            1           27,464,296
                                         27,467,547            5          137,337,735
                                         27,468,047            2           54,936,094
                                         27,472,497            5          137,362,485
                                         27,474,972            2           54,949,944
                                         27,477,084            1           27,477,084
                                         27,485,984            6          164,915,904
                                         27,487,584            1           27,487,584
                                         27,488,122            7          192,416,854
                                         27,507,697           18          495,138,546
                                         27,510,172            7          192,571,204
                                         27,583,972            1           27,583,972
                                         27,609,997           23          635,029,931
                                         27,610,411            5          138,052,055
                                         27,611,029            1           27,611,029
                                         27,612,679            6          165,676,074
                                         27,616,179            5          138,080,895
                                         27,617,679            7          193,323,753
                                         27,618,679            3           82,856,037

                                                             274        7,527,906,994  /274    27,474,113  11,817,000          0.43
</TABLE>

<PAGE>


<TABLE>

<S>                                      <C>                  <C>       <C>                    <C>         <C>                 <C>
DILUTED:

Three Months ended September 30, 2003    27,952,708            2           55,905,416
                                         27,953,120           12          335,437,442
                                         27,955,201            4          111,820,805
                                         27,957,229           17          475,272,896
                                         28,062,877            9          252,565,895
                                         28,063,677            1           28,063,677
                                         28,064,977            1           28,064,977
                                         28,067,827            3           84,203,482
                                         28,068,277           35          982,389,701
                                         28,072,877            1           28,072,877
                                         28,074,733            1           28,074,733
                                         28,077,333            6          168,463,999

                                                              92        2,578,335,900  /92     28,025,390   4,679,000          0.17

Three months ended September 30, 2004:   28,234,390            1           28,234,390
                                         28,236,502            1           28,236,502
                                         28,245,402            6          169,472,412
                                         28,247,002            1           28,247,002
                                         28,247,540            7          197,732,780
                                         28,267,115           18          508,808,070
                                         28,269,590            7          197,887,130
                                         28,343,390            1           28,343,390
                                         28,369,415           23          652,496,545
                                         28,369,829            5          141,849,145
                                         28,370,447            1           28,370,447
                                         28,372,097            6          170,232,582
                                         28,375,597            5          141,877,985
                                         28,377,097            7          198,639,679
                                         28,378,097            3           85,134,291

                                                              92        2,605,562,350  /92     28,321,330   5,255,000          0.19

Nine Months ended September 30, 2003     27,786,961            3           83,360,883
                                         27,791,961            7          194,543,727
                                         27,799,361            3           83,398,083
                                         27,803,761            1           27,803,761
                                         27,806,761           14          389,294,654
                                         27,810,061            3           83,430,183
                                         27,810,902           14          389,352,628
                                         27,812,552            7          194,687,864
                                         27,816,536            5          139,082,680
                                         27,817,636           14          389,446,904
                                         27,819,636            5          139,098,180
                                         27,835,580           15          417,533,700
                                         27,891,763            6          167,350,578
                                         27,893,013           17          474,181,221
                                         27,897,650            1           27,897,650
                                         27,898,888            6          167,393,328
                                         27,900,800            1           27,900,800
                                         27,902,595            4          111,610,380
                                         27,903,008            2           55,806,016
                                         27,904,040            1           27,904,040
                                         27,910,041            4          111,640,164
                                         27,910,371            1           27,910,371
                                         27,912,021            6          167,472,126
                                         27,917,521            1           27,917,521
                                         27,918,021            6          167,508,126
                                         27,918,433            1           27,918,433
                                         27,920,433            2           55,840,866
                                         27,921,133            3           83,763,399
                                         27,922,290            1           27,922,290
                                         27,923,940            8          223,391,520

</TABLE>

<PAGE>

<TABLE>


<S>                                      <C>                 <C>        <C>                    <C>         <C>                 <C>
                                         27,928,940            7          195,502,580
                                         27,930,178           14          391,022,492
                                         27,930,590           12          335,167,080
                                         27,932,671            4          111,730,684
                                         27,934,699           17          474,889,883
                                         28,040,347            9          252,363,123
                                         28,041,147            1           28,041,147
                                         28,042,447            1           28,042,447
                                         28,045,297            3           84,135,891
                                         28,045,747           35          981,601,145
                                         28,050,347            1           28,050,347
                                         28,052,203            1           28,052,203
                                         28,054,803            6          168,328,818

                                                             273        7,619,289,916  /273    27,909,487  16,307,000          0.58

Nine months ended September 30, 2004     28,073,001            9          252,657,013
                                         28,073,401            7          196,513,810
                                         28,076,701           10          280,767,014
                                         28,078,351           22          617,723,732
                                         28,078,764            8          224,630,115
                                         28,090,314           22          617,986,918
                                         28,093,614           15          421,404,217
                                         28,096,514           26          730,509,375
                                         28,110,143            1           28,110,143
                                         28,120,043            4          112,480,174
                                         28,128,293            1           28,128,293
                                         28,129,093            2           56,258,187
                                         28,129,506           20          562,590,129
                                         28,133,006           21          590,793,135
                                         28,136,419            1           28,136,419
                                         28,139,670            5          140,698,352
                                         28,140,170            2           56,280,341
                                         28,144,620            5          140,723,102
                                         28,147,095            2           56,294,191
                                         28,149,207            1           28,149,207
                                         28,158,107            6          168,948,645
                                         28,159,707            1           28,159,707
                                         28,160,245            7          197,121,718
                                         28,179,820           18          507,236,768
                                         28,182,295            7          197,276,068
                                         28,256,095            1           28,256,095
                                         28,282,120           23          650,488,770
                                         28,282,534            5          141,412,672
                                         28,283,152            1           28,283,152
                                         28,284,802            6          169,708,815
                                         28,288,302            5          141,441,512
                                         28,289,802            7          198,028,617
                                         28,290,802            3           84,872,407

                                                             274        7,712,068,813  /274    28,146,237  11,817,000          0.42
</TABLE>