Segments and Geographic Area Analysis

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segments and Geographic Area Analysis

11. Segments and Geographic Area Analysis

We provide contract drilling services with different types of offshore drilling rigs and also provide such services in many geographic locations. However, we have aggregated these operations into one reportable segment based on the similarity of economic characteristics due to the nature of the revenue-earning process as it relates to the offshore drilling industry over the operating lives of our drilling rigs and other qualitative factors such as (i) the nature of services provided (contract drilling), (ii) similarity in operations (interchangeable rig crews and shared management and marketing, engineering, marine and maintenance support), (iii) similar regulatory environment (depending on customer and/or location) and (iv) similar contractual arrangements with customers.

Our drilling rigs are highly mobile and may be moved to other markets throughout the world in response to market conditions or customer needs. At September 30, 2022, our active drilling rigs were located offshore four countries in addition to the U.S. Revenues by geographic area are presented by attributing revenues to the individual country where the services were performed during the periods presented, which may not be indicative of where the rigs are currently located.

The following tables provide information about disaggregated revenue by country (in thousands):

	Successor
	Three Months Ended September 30, 2022
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	70,970	$	26,917	$	97,887
Senegal		46,274		2,603		48,877
Australia		24,616		4,049		28,665
United Kingdom		26,111		2,520		28,631
Brazil		21,564		—		21,564
Myanmar		326		123		449
Total	$	189,861	$	36,212	$	226,073

	Successor
	Nine Months Ended September 30, 2022
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	226,425	$	69,121	$	295,546
Senegal		100,094		8,451		108,545
Australia		72,475		10,095		82,570
United Kingdom		47,506		6,407		53,913
Brazil		60,583		—		60,583
Myanmar		9,909		6,948		16,857
Total	$	516,992	$	101,022	$	618,014

	Successor
	Three Months Ended September 30, 2021
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	71,954	$	17,075	$	89,029
Senegal		23,223		6,679		29,902
Australia		34,671		3,530		38,201
United Kingdom		22,271		1,576		23,847
Brazil		20,511		—		20,511
Myanmar		10,526		1,861		12,387
Total	$	183,156	$	30,721	$	213,877

	Successor
	Period from April 24, 2021 through September 30, 2021
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	122,732	$	25,806	$	148,538
Senegal		23,223		6,671		29,894
Australia		58,620		8,810		67,430
United Kingdom		35,186		2,529		37,715
Brazil		23,735		—		23,735
Myanmar		17,693		3,783		21,476
Total	$	281,189	$	47,599	$	328,788

	Predecessor
	Period from January 1, 2021 through April 23, 2021
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	93,215	$	7,048	$	100,263
Australia		17,031		4,697		21,728
United Kingdom		27,967		2,300		30,267
Brazil		3,421		—		3,421
Myanmar		11,730		1,970		13,700
Total	$	153,364	$	16,015	$	169,379