Drilling and Other Property and Equipment

6 Months Ended

Jun. 30, 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
	June 30,			December 31,
	2022			2021
Drilling rigs and equipment	$	1,093,694		$	1,057,739
Finance lease right of use asset		174,571			174,571
Land and buildings		9,985			9,823
Office equipment and other		2,426			2,264
Cost		1,280,676			1,244,397
Less: accumulated depreciation		(121,141	)		(68,502	)
Drilling and other property and equipment, net	$	1,159,535		$	1,175,895