Revenue and Customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Rig Types

The following table provides information about contract drilling revenue by rig types:

	Successor				Predecessor
			Period From		Period From
	Year		February 6, 2021		January 1, 2021		Year
	Ended		through		through		Ended
	December 31, 2022		December 31, 2021		February 5, 2021		December 31, 2020
Floaters	$	997,819	$	482,283	$	50,057	$	491,407
Jackups	335,022		225,848		23,994		417,829
Total	$	1,332,841	$	708,131	$	74,051	$	909,236

Schedule of Contract Assets and Contract Liabilities

The following table provides information about contract assets and contract liabilities from contracts with customers:

	Successor
	December 31, 2022		December 31, 2021
Current customer contract assets	$	11,169	$	5,744
Noncurrent customer contract assets	368		—
Total customer contract assets	11,537		5,744
Current deferred revenue	(40,214)		(18,403)
Noncurrent deferred revenue	(19,583)		(9,352)
Total deferred revenue	$	(59,797)	$	(27,755)

Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the year ended December 31, 2022, the period from February 6, 2021 to December 31, 2021, the period from January 1 through February 5, 2021 and the year ended December 31, 2020. are as follows:

	Contract Assets		Contract Liabilities
Net balance at December 31, 2020 (Predecessor)	$	13,861	$	(59,886)
Amortization of deferred costs	(1,607)		—
Additions to deferred costs	432		—
Amortization of deferred revenue	—		4,142
Additions to deferred revenue	—		(25,479)
Fresh start accounting revaluation	(12,686)		72,936
Total	(13,861)		51,599
Net balance at 2/5/21 (Predecessor)	$	—	$	(8,287)
Net balance at 2/6/21 (Successor)	$	—	$	(8,287)
Amortization of deferred costs	(3,908)		—
Additions to deferred costs	9,652		—
Amortization of deferred revenue	—		13,729
Additions to deferred revenue	—		(33,197)
Total	5,744		(19,468)
Net balance at 12/31/2021 (Successor)	$	5,744	$	(27,755)
Amortization of deferred costs	(19,875)		—
Additions to deferred costs	34,187		—
Amortization of deferred revenue	—		55,521
Additions to deferred revenue	—		(108,971)
Reclassification to held for sale and subsequent derecognition	(8,519)		21,408
Total	5,793		(32,042)
Net balance at 12/31/2022 (Successor)	$	11,537	$	(59,797)

Favorable and Unfavorable contracts
	Unfavorable contacts		Favorable contracts
Balance at February 6, 2021	$	—	$	—
Additions	—		113,389
Amortization	—		(51,540)
Balance at December 31, 2021	$	—	$	61,849
Balance at January 1, 2022	$	—	$	61,849
Additions	(237,703)		22,991
Amortization	55,820		(50,468)
Balance at December 31, 2022	$	(181,883)	$	34,372

Estimated future amortization over the expected remaining contract periods:

	Year ending December 31,
	2023		2024		2025		Total
Unfavorable contracts	$	133,236	$	40,439	$	8,208	$	181,883
Favorable contracts	$	(23,746)	$	(10,626)	$	—	$	(34,372)
Total	$	109,490	$	29,813	$	8,208	$	147,511

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table reflects revenue expected to be recognized in the future related to deferred revenue, by rig type, at the end of the reporting period:

	Year Ending December 31,
	2023		2024		2025		2026		2027 and beyond		Total
Floaters	$	36,828	$	8,280	$	6,862	$	—	$	—	$	51,970
Jackups	$	3,047	$	2,098	$	2,092	$	590	$	—	$	7,827
Total	$	39,875	$	10,378	$	8,954	$	590	$	—	$	59,797