Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

3 Months Ended

Mar. 31, 2019

Note 4 - Intangible Assets

Intangible Assets consist of the following:



		Successor
		Balance at March 31, 2019
Dollars in thousands	Estimated Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	3	$	16,300	$	—	$	16,300
Trade names	5	1,500		—		1,500
Developed technology	6	200		—		200
Total amortized intangible assets		$	18,000	$	—	$	18,000

Amortization expense was $0.6 million and $0.6 million for the three months ended March 31, 2019 and 2018, respectively.

Our remaining intangibles amortization expense for the next five years is presented below:



Dollars in thousands	Expected future intangible amortization expense
2019	$	4,325
2020	$	5,767
2021	$	5,767
2022	$	1,691
Beyond 2022	$	450