Revenue and Customers (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Floaters	$	549,130	$	217,923	$	1,519,346	561,826
Jackups	121,874		71,571		333,128		185,166
Total	$	671,004	$	289,494	$	1,852,474	$	746,992

Schedule of Contract Assets and Contract Liabilities

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

	September 30, 2023		December 31, 2022
Current customer contract assets	$	2,824	$	11,169
Noncurrent customer contract assets	347		368
Total customer contract assets	3,171		11,537
Current deferred revenue	(19,160)		(40,214)
Noncurrent deferred revenue	(14,403)		(19,583)
Total deferred revenue	$	(33,563)	$	(59,797)

Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the nine months ended September 30, 2023 and 2022, are as follows:

	Contract Assets		Contract Liabilities
Net balance at December 31, 2022	$	11,537	$	(59,797)
Amortization of deferred costs	(21,722)		—
Additions to deferred costs	13,356		—
Amortization of deferred revenue	—		62,125
Additions to deferred revenue	—		(35,891)
Total	(8,366)		26,234
Net balance at September 30, 2023	$	3,171	$	(33,563)
Net balance at December 31, 2021	$	5,744	$	(27,755)
Amortization of deferred costs	(17,793)		—
Additions to deferred costs	28,561		—
Amortization of deferred revenue	—		37,942
Additions to deferred revenue	—		(71,489)
Reclassification to held for sale	(8,584)		20,002
Total	2,184		(13,545)
Net balance at September 30, 2022	$	7,928	$	(41,300)

	Unfavorable contracts		Favorable contracts
Balance at December 31, 2022	$	(181,883)	$	34,372
Additions	—		—
Amortization	118,571		(23,031)
Balance at September 30, 2023	$	(63,312)	$	11,341
Balance at December 31, 2021	$	—	$	61,849
Additions	—		—
Amortization	—		(36,526)
Balance at September 30, 2022	$	—	$	25,323

Estimated future amortization over the expected remaining contract periods:

	For the Years Ended December 31,
	2023		2024		2025		Total
Unfavorable contracts	$	14,665	$	40,439	$	8,208	$	63,312
Favorable contracts	—		(8,891)		(2,450)		(11,341)
Total	$	14,665	$	31,548	$	5,758	$	51,971