Property and Equipment, Net

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Note 3 — Property and Equipment, Net

Property and equipment, net include the following (in millions):


	Estimated Useful Life (years)	September 30, 2020		December 31, 2019
High specification rigs	20	$	127.2	$	127.2
High specification rigs machinery and equipment	5 - 10	41.8		38.3
Completion and other services machinery and equipment	5 - 10	55.9		55.8
Processing solutions machinery and equipment	3 - 30	45.9		40.8
Vehicles	3 - 15	21.5		25.9
Other property and equipment	5 - 25	10.6		10.1
Property and equipment		302.9		298.1
Less: accumulated depreciation		(106.9)		(85.5)
Construction in progress		1.9		6.3
Property and equipment, net		$	197.9	$	218.9

Depreciation expense was $8.2 million and $8.9 million for the three months ended September 30, 2020 and 2019, respectively, and $26.2 million and $25.4 million for the nine months ended September 30, 2020 and 2019, respectively.