Revenue

6 Months Ended

Jun. 30, 2022

Revenue [Abstract]

Revenue

(2) Revenue

Disaggregation of Revenue

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

	For the Three Months Ended June 30,
	2022		2021
U.S. land
Rentals	$	43,791	$	20,789
Well Services		4,151		6,781
Total U.S. land		47,942		27,570
U.S. offshore
Rentals		36,331		26,890
Well Services		32,569		26,574
Total U.S. offshore		68,900		53,464
International
Rentals		23,607		19,558
Well Services		84,191		65,300
Total International		107,798		84,858
Total Revenues	$	224,640	$	165,892

	Successor				Predecessor
	For the Six Months Ended June 30, 2022		For the Period February 3, 2021 through June 30, 2021		For the Period January 1, 2021 through February 2, 2021
U.S. land
Rentals	$	77,753	$	31,898	$	4,917
Well Services		8,699		8,907		3,379
Total U.S. land		86,452		40,805		8,296
U.S. offshore
Rentals		69,084		47,293		8,196
Well Services		60,890		45,995		7,371
Total U.S. offshore		129,974		93,288		15,567
International
Rentals		45,648		30,494		5,226
Well Services		160,496		107,148		16,839
Total International		206,144		137,642		22,065
Total Revenues	$	422,570	$	271,735	$	45,928

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

	For the Three Months Ended June 30,
	2022		2021
Services
Rentals	$	12,654	$	9,592
Well Services		87,412		70,195
Total Services		100,066		79,787
Rentals
Rentals		73,563		47,895
Well Services		3,430		5,343
Total Rentals		76,993		53,238
Product Sales
Rentals		17,512		9,750
Well Services		30,069		23,117
Total Product Sales		47,581		32,867
Total Revenues	$	224,640	$	165,892

	Successor				Predecessor
	For the Six Months Ended June 30, 2022		For the Period February 3, 2021 through June 30, 2021		For the Period January 1, 2021 through February 2, 2021
Services
Rentals	$	23,812	$	15,856	$	2,005
Well Services		167,693		107,610		17,229
Total Services		191,505		123,466		19,234
Rentals
Rentals		138,810		76,488		14,082
Well Services		5,345		8,064		352
Total Rentals		144,155		84,552		14,434
Product Sales
Rentals		29,863		17,341		2,252
Well Services		57,047		46,376		10,008
Total Product Sales		86,910		63,717		12,260
Total Revenues	$	422,570	$	271,735	$	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 June 30, 2022 and December 31, 2021 was approximately $5.2 million and $2.2 million, respectively.