XML 40 R30.htm IDEA: XBRL DOCUMENT v3.22.2
Property and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

 

Estimated
Useful
Life (in years)

 

June 30, 2022

 

 

December 31, 2021

 

Pressure pumping equipment (1)

 

1.5 to 25

 

$

227,521

 

 

$

186,826

 

Light duty vehicles (2)

 

5

 

 

1,667

 

 

 

5,524

 

Furniture and fixtures

 

5

 

 

67

 

 

 

67

 

IT equipment

 

3

 

 

1,033

 

 

 

1,033

 

Auxiliary equipment

 

2

 

 

14,160

 

 

 

12,218

 

Leasehold improvements

 

Term of lease

 

 

276

 

 

 

276

 

 

 

 

 

 

244,724

 

 

 

205,944

 

Less: accumulated depreciation and amortization

 

 

 

 

(49,781

)

 

 

(43,280

)

Property and equipment, net

 

 

 

$

194,943

 

 

$

162,664

 

 

(1)
As of December 31, 2021, the Company had capitalized $0.6 million of pressure pumping equipment, related to capital leases and the accumulated depreciation was $0.3 million.
(2)
As of December 31, 2021, the Company had capitalized $3.9 million of light duty vehicles, related to capital leases and the accumulated depreciation was $0.5 million.