Revenue and Customers (Tables)

3 Months Ended

Mar. 31, 2023

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:

	Three Months Ended March 31,
	2023		2022
Floaters	$	476,234	$	141,213
Jackups	99,056		53,822
Total	$	575,290	$	195,035

Schedule of Contract Assets and Contract Liabilities

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

	March 31, 2023		December 31, 2022
Current customer contract assets	$	12,601	$	11,169
Noncurrent customer contract assets	329		368
Total customer contract assets	12,930		11,537
Current deferred revenue	(37,282)		(40,214)
Noncurrent deferred revenue	(17,280)		(19,583)
Total deferred revenue	$	(54,562)	$	(59,797)

Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the three months ended March 31, 2023 and 2022 are as follows:

	Contract Assets		Contract Liabilities
Net balance at December 31, 2021	$	5,744	$	(27,755)
Amortization of deferred costs	(3,866)		—
Additions to deferred costs	5,052		—
Amortization of deferred revenue	—		8,219
Additions to deferred revenue	—		(19,011)
Total	1,186		(10,792)
Net balance at March 31, 2022	$	6,930	$	(38,547)
Net balance at December 31, 2022	$	11,537	$	(59,797)
Amortization of deferred costs	(5,433)		—
Additions to deferred costs	6,826		—
Amortization of deferred revenue	—		19,048
Additions to deferred revenue	—		(13,813)
Total	1,393		5,235
Net balance at March 31, 2023	$	12,930	$	(54,562)

	Unfavorable contracts		Favorable contracts
Balance at December 31, 2021	$	—	$	61,849
Additions	—		—
Amortization	—		(14,099)
Balance at March 31, 2022	$	—	$	47,750
Balance at December 31, 2022	$	(181,883)	$	34,372
Additions	—		—
Amortization	60,689		(6,961)
Balance at March 31, 2023	$	(121,194)	$	27,411

Estimated future amortization over the expected remaining contract periods:

	For the Years Ended December 31,
	2023		2024		2025		Total
Unfavorable contracts	$	72,547	$	40,439	$	8,208	$	121,194
Favorable contracts	$	(16,785)	$	(10,626)	$	—	$	(27,411)
Total	$	55,762	$	29,813	$	8,208	$	93,783

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, as of March 31, 2023:    

	For the Years Ended December 31,
	2023		2024		2025		2026		2027 and beyond		Total
Floaters	$	32,302	$	8,284	$	6,861	$	—	$	—	$	47,447
Jackups	1,738		2,227		2,205		622		—		6,792
Other	$	323	$	—	$	—	$	—	$	—	$	323
Total	$	34,363	$	10,511	$	9,066	$	622	$	—	$	54,562