Intangible Asset

12 Months Ended

Dec. 31, 2019

Intangible Asset

Intangible Asset

Note 6—Intangible Asset

Intangible asset consists of the following:

	December 31,
	2019		2018
	(in thousands)
Client-related intangible asset	$	100,000	$	100,000
Accumulated amortization		(100,000)		(14,947)
Intangible asset, net	$	—	$	85,053

During the Successor periods in 2019 and 2018, amortization expense of intangible asset was $85.1 million and $14.9 million, based on an amortization period of 0.8 year. The intangible asset was fully amortized through the end of the initial term of the related drilling contract in August 2019.