Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v3.19.3.a.u2
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Components of Property, Plant and Equipment and Depreciation Expense
The components of our property, plant, and equipment balance are as follows:
 
Successor
 
 
Predecessor
Dollars in Thousands
December 31,
2019
 
 
December 31,
2018
Property, plant, and equipment, at cost:
 
 
 
 
Drilling equipment
$
139,722

 
 
$
720,037

Rental tools
164,592

 
 
581,107

Building, land and improvements
25,636

 
 
58,193

Other
15,902

 
 
115,977

Construction in progress
10,078

 
 
10,855

Total property, plant, and equipment, at cost
355,930

 
 
1,486,169

Accumulated depreciation
(56,162
)
 
 
(951,798
)
Property, plant, and equipment, net
$
299,768

 
 
$
534,371


Depreciation expense related to property, plant, and equipment is presented below:
 
Successor
 
 
Predecessor
 
Nine Months Ended December 31,
 
 
Three Months Ended March 31,
 
Year Ended December 31,
Dollars in thousands
2019
 
 
2019
 
2018
Depreciation expense
$
57,174

 
 
$
24,525

 
$
105,239