Drilling and Other Property and Equipment

9 Months Ended

Sep. 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
	September 30,			December 31,
	2022			2021
Drilling rigs and equipment	$	1,103,454		$	1,057,739
Finance lease right of use asset		174,571			174,571
Land and buildings		10,001			9,823
Office equipment and other		2,452			2,264
Cost		1,290,478			1,244,397
Less: accumulated depreciation		(147,210	)		(68,502	)
Drilling and other property and equipment, net	$	1,143,268		$	1,175,895