| Property, Plant and Equipment |
Property, plant and equipment include the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
Useful Life |
|
2019 |
|
2018 |
Pressure pumping equipment |
3-5 years |
|
$ |
216,627 |
|
|
$ |
208,968 |
|
Drilling rigs and related equipment |
3-15 years |
|
117,783 |
|
|
122,198 |
|
Machinery and equipment |
7-20 years |
|
190,221 |
|
|
173,867 |
|
Buildings(a)
|
15-39 years |
|
47,859 |
|
|
46,380 |
|
Vehicles, trucks and trailers |
5-10 years |
|
135,724 |
|
|
132,337 |
|
Coil tubing equipment |
4-10 years |
|
29,438 |
|
|
29,128 |
|
Land |
N/A |
|
13,687 |
|
|
14,235 |
|
Land improvements |
15 years or life of lease |
|
10,135 |
|
|
9,614 |
|
Rail improvements |
10-20 years |
|
13,802 |
|
|
13,806 |
|
Other property and equipment(a)
|
3-12 years |
|
18,880 |
|
|
18,551 |
|
|
|
|
794,156 |
|
|
769,084 |
|
Deposits on equipment and equipment in process of assembly(b)
|
|
|
6,627 |
|
|
16,865 |
|
|
|
|
800,783 |
|
|
785,949 |
|
Less: accumulated depreciation(c)
|
|
|
448,011 |
|
|
349,250 |
|
Total property, plant and equipment, net |
|
|
$ |
352,772 |
|
|
$ |
436,699 |
|
|
|
a. |
Included in Buildings and Other property and equipment at December 31, 2019 are costs of $6.7 million and $6.5 million, respectively, related to assets under operating leases.
|
|
|
b. |
Deposits on equipment and equipment in process of assembly represents deposits placed with vendors for equipment that is in the process of assembly and purchased equipment that is being outfitted for its intended use. The equipment is not yet placed in service. |
|
|
c. |
Includes accumulated depreciation of $3.5 million at December 31, 2019 related to assets under operating leases.
|
|
| Schedule Of Depreciation, Depletion, Accretion And Amortization Expense |
A summary of depreciation, depletion, amortization and accretion expense is shown below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
2019 |
|
2018 |
|
2017 |
Depreciation expense |
|
$ |
112,435 |
|
|
$ |
107,634 |
|
|
$ |
81,191 |
|
Accretion and depletion expense (see Note 2) |
|
3,477 |
|
|
3,539 |
|
|
1,632 |
|
Amortization expense (see Note 8) |
|
1,121 |
|
|
8,704 |
|
|
9,301 |
|
Depreciation, depletion, amortization and accretion |
|
$ |
117,033 |
|
|
$ |
119,877 |
|
|
$ |
92,124 |
|
|