Drilling and Other Property and Equipment

3 Months Ended

Mar. 31, 2022

Property Plant And Equipment [Abstract]

Drilling and Other Property and Equipment

6. Drilling and Other Property and Equipment

Cost and accumulated depreciation of drilling and other property and equipment are summarized as follows (in thousands):

	Successor
	March 31,			December 31,
	2022			2021
Drilling rigs and equipment	$	1,084,053		$	1,057,739
Finance lease right of use asset		174,571			174,571
Land and buildings		9,902			9,823
Office equipment and other		2,285			2,264
Cost		1,270,811			1,244,397
Less: accumulated depreciation		(95,454	)		(68,502	)
Drilling and other property and equipment, net	$	1,175,357		$	1,175,895