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SUBSEQUENT EVENTS
12 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Restricted Stock Units

In October 2024, the Board of Directors of the Company granted a total of 105,820 restricted stock units to the independent directors of the Board as partial payment of director fees for their service as members of the Board. The restricted stock units vest ratably over a three-year period, subject to the director’s continued service through the applicable vesting date.

Contract Drilling Segment Drilling Rig

In December 2024, the Company entered into a purchase agreement with an independent third party for the sale of a contract drilling segment drilling rig and related ancillary equipment. The sale of these assets will close upon the buyer’s acceptance of the drilling rig and transfer of the legal title at delivery which is expected to occur in our second quarter of fiscal 2025.