XML 67 R54.htm IDEA: XBRL DOCUMENT v3.25.4
Business Combinations - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 12 Months Ended
Sep. 01, 2023
Aug. 14, 2023
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Business Combination [Line Items]                  
Merger and integration expense           $ 1,016 $ 33,037 $ 98,077  
Ulterra Drilling Technologies, L.P.                  
Business Combination [Line Items]                  
Business combination, shares issued (in shares)   34,900,000              
Business combinations, consideration paid in cash   $ 372,757              
Business combination, closing price (in usd per share)   $ 14.94              
Consideration transferred   $ 894,163              
Discount rate estimated of fair values   10.50%              
Revenues         $ 135,000        
Net income attributed         (3,400)        
Merger and integration expense     $ 5,600   $ 5,600        
Acquired intangibles               77,600  
Long-lived assets               74,400  
Inventory               5,500  
Interest expense of the acquired entity               12,800 $ 28,100
Tax benefit               17,400 11,300
NexTier Oilfield Solutions Inc.                  
Business Combination [Line Items]                  
Business combination, shares issued (in shares) 172,092,000                
Business combination, closing price (in usd per share) $ 14.91                
Consideration transferred $ 2,799,308                
Discount rate estimated of fair values 14.00%                
Revenues       $ 1,100,000          
Net income attributed       $ 12,500          
Merger and integration expense     $ 92,500            
Acquired intangibles               720,700  
Interest expense of the acquired entity               17,700 30,000
Tax benefit               15,100 $ 72,700
Multiplied by the exchange ratio (in shares) 0.752                
Acquired property and equipment               $ 262,700