Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.7.0.1
Property, Plant and Equipment (Tables)
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment include the following:
 
 
 
March 31,
 
December 31,
 
Useful Life
 
2017
 
2016
Land
 
 
$
2,010,555

 
$
2,010,555

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

 
3,640,976

Buildings
15-20 years
 
42,461,037

 
42,191,745

Drilling rigs and related equipment
3-15 years
 
139,101,541

 
138,526,519

Pressure pumping equipment
3-5 years
 
101,580,322

 
96,500,592

Coil tubing equipment
4-10 years
 
28,006,153

 
28,019,217

Other machinery and equipment
7-20 years
 
36,171,379

 
35,548,357

Vehicles, trucks and trailers
5-10 years
 
30,041,893

 
29,964,148

Other property and equipment
3-12 years
 
11,437,020

 
11,416,334

 
 
 
394,450,876

 
387,818,443

Deposits on equipment and equipment in process of assembly
 
 
39,144,915

 
8,701,725

 
 
 
433,595,791

 
396,520,168

Less: accumulated depreciation
 
 
189,574,094

 
175,272,940

Property, plant and equipment, net
 
 
$
244,021,697

 
$
221,247,228