| Property, Plant and Equipment |
Property, plant and equipment include the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
Useful Life |
|
2018 |
|
2017 |
Pressure pumping equipment |
3-5 years |
|
$ |
208,968 |
|
|
$ |
190,211 |
|
Drilling rigs and related equipment |
3-15 years |
|
122,198 |
|
|
132,260 |
|
Machinery and equipment(a)
|
7-20 years |
|
173,867 |
|
|
97,569 |
|
Buildings |
15-39 years |
|
46,380 |
|
|
45,992 |
|
Vehicles, trucks and trailers(b)
|
5-10 years |
|
132,337 |
|
|
54,055 |
|
Coil tubing equipment |
4-10 years |
|
29,128 |
|
|
28,053 |
|
Land |
N/A |
|
14,235 |
|
|
11,317 |
|
Land improvements |
15 years or life of lease |
|
9,614 |
|
|
9,614 |
|
Rail improvements |
10-20 years |
|
13,806 |
|
|
5,540 |
|
Other property and equipment |
3-12 years |
|
18,551 |
|
|
12,687 |
|
|
|
|
769,084 |
|
|
587,298 |
|
Deposits on equipment and equipment in process of assembly(c)
|
|
|
16,865 |
|
|
20,348 |
|
|
|
|
785,949 |
|
|
607,646 |
|
Less: accumulated depreciation, depletion, amortization and accretion(d)
|
|
|
349,250 |
|
|
256,629 |
|
Property, plant and equipment, net |
|
|
$ |
436,699 |
|
|
$ |
351,017 |
|
|
|
a. |
Included in machinery and equipment are assets under capital leases totaling $1.8 million and $1.8 million, respectively, for the years ended December 31, 2018 and 2017.
|
|
|
b. |
Included in vehicles, trucks and trailers are assets under capital leases totaling $0.3 million and $1.0 million, respectively, for the years ended December 31, 2018 and 2017.
|
|
|
c. |
Included in deposits on equipment and equipment in process of assembly are assets under capital leases totaling $1.7 million for the year ended December 31, 2018. These assets were received on December 31, 2018 and were not yet placed in service.
|
|
|
d. |
Accumulated depreciation for assets under capital leases totaled $0.6 million and $0.8 million, respectively, for the years ended December 31, 2018 and 2017.
|
|
| 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, |
|
|
2018 |
|
2017 |
|
2016 |
Depreciation expense(a)
|
|
$ |
107,634 |
|
|
$ |
81,191 |
|
|
$ |
62,196 |
|
Accretion and depletion expense (see Note 2) |
|
3,539 |
|
|
1,632 |
|
|
1,048 |
|
Amortization expense (see Note 8) |
|
8,704 |
|
|
9,301 |
|
|
9,071 |
|
Depreciation, depletion, amortization and accretion |
|
$ |
119,877 |
|
|
$ |
92,124 |
|
|
$ |
72,315 |
|
|
|
a. |
Includes depreciation expense for assets under capital leases totaling $0.5 million, $0.4 million and $0.5 million, respectively, for the years ended December 31, 2018, 2017 and 2016.
|
|