Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.2
Property, Plant and Equipment (Tables)
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment include the following (in thousands):
June 30, December 31,
Useful Life 2021 2020
Pressure pumping equipment
3-5 years
 $ 219,470  $ 217,945 
Drilling rigs and related equipment
3-15 years
 112,399  113,146 
Machinery and equipment
7-20 years
 168,453  172,272 
Buildings(a)
15-39 years
 46,663  48,776 
Vehicles, trucks and trailers
5-10 years
 106,356  111,911 
Coil tubing equipment
4-10 years
 7,591  8,541 
Land N/A 13,417  13,417 
Land improvements
15 years or life of lease
 10,133  10,133 
Rail improvements
10-20 years
 13,793  13,793 
Other property and equipment(b)
3-12 years
 18,338  18,640 
716,613  728,574 
Deposits on equipment and equipment in process of assembly(c)
3,578  3,191 
720,191  731,765 
Less: accumulated depreciation(d)
509,794  480,503 
Total property, plant and equipment, net $ 210,397  $ 251,262 
a.    Included in Buildings at each of June 30, 2021 and December 31, 2020 are costs of $7.6 million related to assets under operating leases.
b.    Included in Other property and equipment at each of June 30, 2021 and December 31, 2020 are costs of $6.0 million related to assets under operating leases.
c.    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.
d.    Includes accumulated depreciation of $5.9 million and $5.0 million at June 30, 2021 and December 31, 2020, respectively, related to assets under operating leases.
Schedule of Asset Impairment As a result of the test, the Company recorded the following impairments to its fixed assets during the first quarter of 2020 (in thousands):
Water transfer equipment $ 4,203 
Crude oil hauling equipment 3,275 
Coil tubing equipment 2,160 
Flowback equipment 1,514 
Rental equipment 1,308 
Other equipment 437 
Total impairment of other long-lived assets $ 12,897 
Schedule of Depreciation, Depletion, Accretion and Amortization expense
A summary of depreciation, depletion, amortization and accretion expense is below (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Depreciation expense $ 19,590  $ 23,740  $ 40,446  $ 49,340 
Depletion expense 385  93  385  93 
Amortization expense 253  254  507  507 
Accretion expense 37  29  73  58 
Depreciation, depletion, amortization and accretion $ 20,265  $ 24,116  $ 41,411  $ 49,998