Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.5.0.2
Property, Plant and Equipment (Tables)
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment include the following:
 
 
 
September 30,
 
December 31,
 
Useful Life
 
2016
 
2015
Land
 
 
$
2,010,555

 
$
2,010,555

Land improvements
15 years or life of lease
 
3,640,976

 
3,734,178

Buildings
15-20 years
 
42,833,301

 
41,218,431

Drilling rigs and related equipment
3-15 years
 
138,860,809

 
139,619,078

Pressure pumping equipment
3-5 years
 
96,500,592

 
93,956,896

Coil tubing equipment
4-10 years
 
28,019,217

 
30,190,216

Other machinery and equipment
7-20 years
 
35,714,982

 
37,829,135

Vehicles, trucks and trailers
5-10 years
 
29,467,399

 
29,542,164

Other property and equipment
3-12 years
 
11,952,677

 
11,169,306

 
 
 
389,000,508

 
389,269,959

Deposits on equipment and equipment in process of assembly
 
 
727,197

 
2,072,278

 
 
 
389,727,705

 
391,342,237

Less: accumulated depreciation
 
 
161,344,485

 
118,315,572

Property, plant and equipment, net
 
 
$
228,383,220

 
$
273,026,665