Drilling and Other Property and Equipment

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Drilling and Other Property and Equipment

5. Drilling and Other Property and Equipment

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

	March 31,			December 31,
	2023			2022
Drilling rigs and equipment	$	1,148,468		$	1,126,793
Finance lease right of use asset		174,571			174,571
Land and buildings		10,001			10,001
Office equipment and other		2,622			2,515
Cost		1,335,662			1,313,880
Less: accumulated depreciation		(194,862	)		(171,972	)
Drilling and other property and equipment, net	$	1,140,800		$	1,141,908