Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.20.2
Property, Plant and Equipment (Tables)
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment include the following (in thousands):
September 30, December 31,
Useful Life 2020 2019
Pressure pumping equipment
3-5 years
 $ 217,980  $ 216,627 
Drilling rigs and related equipment
3-15 years
 114,132  117,783 
Machinery and equipment
7-20 years
 172,567  190,221 
Buildings(a)
15-39 years
 47,307  47,859 
Vehicles, trucks and trailers
5-10 years
 113,057  135,724 
Coil tubing equipment
4-10 years
 8,541  29,438 
Land N/A 13,417  13,687 
Land improvements
15 years or life of lease
 10,135  10,135 
Rail improvements
10-20 years
 13,802  13,802 
Other property and equipment(b)
3-12 years
 18,674  18,880 
729,612  794,156 
Deposits on equipment and equipment in process of assembly(c)
3,252  6,627 
732,864  800,783 
Less: accumulated depreciation(d)
462,240  448,011 
Total property, plant and equipment, net $ 270,624  $ 352,772 
a.    Included in Buildings at September 30, 2020 and December 31, 2019 are costs of $7.6 million and $6.7 million, respectively, related to assets under operating leases.
b.    Included in Other property and equipment at each of September 30, 2020 and December 31, 2019 are costs of $6.0 million and $6.5 million, respectively, 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 $4.8 million and $3.5 million at September 30, 2020 and December 31, 2019, 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 September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Depreciation expense $ 22,305  $ 28,123  $ 71,645  $ 84,288 
Depletion expense 545  1,339  638  3,285 
Amortization expense 253  277  761  844 
Accretion expense 29  52  86  95 
Depreciation, depletion, amortization and accretion $ 23,132  $ 29,791  $ 73,130  $ 88,512