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PROPERTY, PLANT AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Summary of Component of Property, Plant and Equipment, Net

The following table shows the component of property, plant and equipment, net (in thousands):

 

 

Estimated Useful Lives (in Years)

 

December 31, 2023

 

 

December 31, 2022

 

Rental tools and equipment

 

5-10

 

 

188,949

 

 

 

160,973

 

Buildings and improvements

 

5-40

 

 

6,672

 

 

 

5,781

 

Office furniture, fixtures and equipment

 

3-5

 

 

2,389

 

 

 

2,101

 

Transportation and equipment

 

3-5

 

 

793

 

 

 

827

 

Total property, plant and equipment

 

 

 

 

198,803

 

 

 

169,682

 

Less: accumulated depreciation

 

 

 

 

(133,003

)

 

 

(125,537

)

Property, plant and equipment, net (excluding
   construction in progress)

 

 

 

 

65,800

 

 

 

44,145

 

Construction in progress

 

 

 

 

 

 

 

9

 

Property, plant and equipment, net

 

 

 

$

65,800

 

 

$

44,154