Property and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following:


	Estimated useful lives (in years)	March 31,			December 31,
($ in thousands)				2020			2019
Land	N/A	$	5,400		$	5,400
Field services equipment	2-7	994,005			978,418
Vehicles	4-7	60,080			60,290
Buildings and facilities	5-30	30,908			29,930
Office equipment, furniture, and software	2-7	6,634			6,623
		1,097,027			1,080,661
Less accumulated depreciation and amortization		(497,172)			(455,687)
		599,855			624,974
Construction in-progress	N/A	43,016			26,729
		$	642,871		$	651,703

Depreciation expense for the three months ended March 31, 2020 and 2019 was $41.7 million and $35.7 million, respectively.

During the first quarter of 2020, as a result of negative market indicators including the COVID-19 pandemic, the increased supply of low-priced oil, and customer cancellations, the Company concluded these triggering events could indicate possible impairment of property and equipment. The Company performed a quantitative and qualitative impairment analysis and determined that no impairment had occurred as of March 31, 2020. Such analysis required management to make estimates and assumptions based on historical data and consideration of future market conditions. Given the uncertainty inherent in any projection, heightened by the possibility of unforeseen additional effects of COVID-19, actual results may differ from the estimates and assumptions used, or conditions may change, which could result in impairment charges in the future.