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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment  
Major Components of Property, Plant and Equipment

December 31,

 

    

2020

    

2019

 

(In thousands)

 

Land

$

28,261

$

33,931

Buildings

 

141,365

 

132,603

Drilling rigs and related equipment

 

12,487,961

 

12,948,504

Oilfield hauling and mobile equipment

 

259,150

 

270,826

Other machinery and equipment

 

195,903

 

192,081

Oil and gas properties

12,286

Construction-in-process (1)

 

 

25,391

$

13,112,640

$

13,615,622

Less: accumulated depreciation and amortization

 

(9,126,933)

 

(8,685,073)

$

3,985,707

$

4,930,549

(1)Relates primarily to amounts capitalized for new or substantially new drilling rigs and related equipment that were under construction and had not yet been placed in service as of December 31, 2019.