Revenue and Customers (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Rig Types

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Floaters	$	517,755	$	493,983	1,012,222		970,216
Jackups	142,955		112,197		260,913		211,254
Total	$	660,710	$	606,180	$	1,273,135	$	1,181,470

Schedule of Contract Assets and Contract Liabilities

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

	June 30, 2024		December 31, 2023
Current customer contract assets	$	22,453	$	4,208
Noncurrent customer contract assets	12,625		208
Total customer contract assets	35,078		4,416
Current deferred revenue	(42,948)		(19,679)
Noncurrent deferred revenue	(28,898)		(23,393)
Total deferred revenue	$	(71,846)	$	(43,072)

Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the six months ended June 30, 2024 and 2023, are as follows:

	Contract Assets		Contract Liabilities
Net balance at December 31, 2023	$	4,416	$	(43,072)
Amortization of deferred costs	(7,029)		—
Additions to deferred costs	37,691		—
Amortization of deferred revenue	—		23,710
Additions to deferred revenue	—		(52,484)
Total	30,662		(28,774)
Net balance at June 30, 2024	$	35,078	$	(71,846)
Net balance at December 31, 2022	$	11,537	$	(59,797)
Amortization of deferred costs	(14,206)		—
Additions to deferred costs	12,009		—
Amortization of deferred revenue	—		38,481
Additions to deferred revenue	—		(19,575)
Total	(2,197)		18,906
Net balance at June 30, 2023	$	9,340	$	(40,891)

	Unfavorable contracts		Favorable contracts
Balance at December 31, 2023	$	(50,863)	$	10,128
Amortization	48,622		(5,772)
Balance at June 30, 2024	$	(2,241)	$	4,356
Balance at December 31, 2022	$	(181,883)	$	34,372
Amortization	102,091		(17,354)
Balance at June 30, 2023	$	(79,792)	$	17,018

Estimated future amortization over the expected remaining contract periods:

	For the Year Ended December 31,
	2024		Total
Unfavorable contracts	$	2,241	$	2,241
Favorable contracts	(4,356)		(4,356)
Total	$	(2,115)	$	(2,115)