Drilling and Other Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Summary of Cost and Accumulated Depreciation of 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,
	2024			2023
Drilling rigs and equipment	$	1,272,564		$	1,244,798
Finance lease right of use asset		174,571			174,571
Land and buildings		10,064			10,040
Office equipment and other		5,317			5,180
Cost		1,462,516			1,434,589
Less: accumulated depreciation		(309,476	)		(278,221	)
Drilling and other property and equipment, net	$	1,153,040		$	1,156,368