Revenue

3 Months Ended

Mar. 31, 2022

Revenue [Abstract]

Revenue

(2) Revenue

Disaggregation of Revenue

The following table presents our revenues by segment disaggregated by geography (in thousands):

	Successor				Predecessor
	For the Three Months Ended March 31, 2022		For the Period February 3, 2021 through March 31, 2021		For the Period January 1, 2021 through February 2, 2021
U.S. land
Rentals	$	33,962	$	11,109	$	4,917
Well Services		4,548		2,126		3,379
Total U.S. land		38,510		13,235		8,296
U.S. offshore
Rentals		32,753		20,403		8,196
Well Services		28,321		19,421		7,371
Total U.S. offshore		61,074		39,824		15,567
International
Rentals		22,041		10,936		5,226
Well Services		76,305		41,848		16,839
Total International		98,346		52,784		22,065
Total Revenues	$	197,930	$	105,843	$	45,928

The following table presents our revenues by segment disaggregated by type (in thousands):

	Successor				Predecessor
	For the Three Months Ended March 31, 2022		For the Period February 3, 2021 through March 31, 2021		For the Period January 1, 2021 through February 2, 2021
Services
Rentals	$	11,158	$	6,264	$	2,005
Well Services		80,281		37,415		17,229
Total Services		91,439		43,679		19,234
Rentals
Rentals		65,247		28,593		14,082
Well Services		1,915		2,721		352
Total Rentals		67,162		31,314		14,434
Product Sales
Rentals		12,351		7,591		2,252
Well Services		26,978		23,259		10,008
Total Product Sales		39,329		30,850		12,260
Total Revenues	$	197,930	$	105,843	$	45,928

Accounts Receivable

Trade accounts receivable are recorded at the invoiced amount or the earned amount but not yet invoiced and do not bear interest. We maintain our allowance for doubtful accounts at net realizable value. The allowance for doubtful accounts is based on our best estimate of probable uncollectible amounts in existing accounts receivable. We assess individual customers and overall receivables balances to identify amounts that are believed to be uncertain of collection. The aging of the receivable balance as well as economic factors concerning the customer factor into the judgment and estimation of allowances, which often involve significant dollar amounts. Adjustments to the allowance in future periods may be made based on changing customer conditions. Our allowance for doubtful accounts as of March 31, 2022 and December 31, 2021 was approximately $3.7 million and $2.2 million, respectively.