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Fresh Start Accounting - Schedule of Fresh Start Adjustments to Balance Sheet (Detail)
$ in Thousands
Apr. 23, 2021
USD ($)
Current assets:  
Fresh Start Adjustments, Other assets $ (10,282)
Current assets:  
Successor, Cash and cash equivalents 79,982
Successor, Restricted cash 35,447
Successor, Accounts receivable 134,906
Successor, Less: allowance for credit losses (5,555)
Successor, Accounts receivable, net 129,351
Successor, Prepaid expenses and other current assets 58,655
Successor, Assets held for sale 1,000
Successor, Total current assets 304,435
Successor, Drilling and other property and equipment, net of accumulated depreciation 1,354,650
Successor, Other assets 57,047
Successor, Deferred tax asset 6,716
Successor, Total assets 1,722,848
Current liabilities:  
Successor, Accounts payable 65,401
Successor, Accrued liabilities 123,055
Successor, Finance lease right of use liabilities, current 15,148
Successor, Taxes payable 22,034
Successor, Total current liabilities 225,638
Successor, Other liabilities 117,499
Successor, Finance lease right of use liabilities, noncurrent 158,919
Successor, Long-term debt 285,982
Successor, Total liabilities not subject to compromise 788,038
Stockholders’ equity:  
Successor common stock 10
Successor additional paid-in capital 934,800
Successor, Total stockholders’ equity 934,810
Successor, Total liabilities and stockholders’ equity 1,722,848
Fresh Start Adjustments  
Current assets:  
Fresh Start Adjustments, Accounts receivable 802
Fresh Start Adjustments, Accounts receivable, net 802
Fresh Start Adjustments, Prepaid expenses and other current assets (34,455)
Fresh Start Adjustments, Total current assets (33,653)
Fresh Start Adjustments, Drilling and other property and equipment, net of accumulated depreciation (2,720,485)
Fresh Start Adjustments, Other assets (10,282)
Fresh Start Adjustments, Deferred tax asset 6,716
Fresh Start Adjustments, Total assets (2,757,704)
Current liabilities:  
Fresh Start Adjustments, Accrued liabilities (55,961)
Fresh Start Adjustments, Total current liabilities (55,961)
Fresh Start Adjustments, Deferred tax liability (34,447)
Fresh Start Adjustments, Deferred tax liability, Reclassification (7,518)
Fresh Start Adjustments, Other liabilities (9,837)
Fresh Start Adjustments, Total liabilities not subject to compromise (92,727)
Stockholders’ equity:  
Fresh Start Adjustments, Accumulated deficit (2,664,977)
Fresh Start Adjustments, Total stockholders’ equity (2,664,977)
Fresh Start Adjustments, Total liabilities and stockholders’ equity (2,757,704)
Previously Reported  
Current assets:  
Preconfirmation, Cash and cash equivalents 333,699
Preconfirmation, Restricted cash 3,274
Preconfirmation, Accounts receivable 134,104
Preconfirmation, Less: allowance for credit losses (5,555)
Preconfirmation, Accounts receivable, net 128,549
Preconfirmation, Prepaid expenses and other current assets 108,594
Preconfirmation, Assets held for sale 1,000
Preconfirmation, Total current assets 575,116
Preconfirmation, Drilling and other property and equipment, net of accumulated depreciation 3,892,150
Preconfirmation, Other assets 179,783
Preconfirmation, Total assets 4,647,049
Current liabilities:  
Preconfirmation, Accounts payable 66,397
Preconfirmation, Accrued liabilities 246,141
Preconfirmation, Short-term debt 442,034
Preconfirmation, Taxes payable 22,034
Preconfirmation, Total current liabilities 776,606
Preconfirmation, Deferred tax liability 23,060
Preconfirmation, Other liabilities 217,434
Preconfirmation, Total liabilities not subject to compromise 1,017,100
Preconfirmation, Liabilities subject to compromise 2,044,877
Stockholders’ equity:  
Preconfirmation, Predecessor common stock 1,453
Preconfirmation, Predecessor additional paid-in capital 2,029,978
Preconfirmation, Predecessor treasury stock (206,163)
Preconfirmation, Successor treasury stock 206,163
Preconfirmation, (Accumulated deficit) (240,196)
Preconfirmation, Total stockholders’ equity 1,585,072
Preconfirmation, Total liabilities and stockholders’ equity 4,647,049
Stockholders’ equity:  
Preconfirmation, Predecessor common stock 1,453
Preconfirmation, Predecessor treasury stock (206,163)
Reorganization Adjustments  
Current assets:  
Preconfirmation, Cash and cash equivalents (253,717)
Preconfirmation, Restricted cash 32,173
Preconfirmation, Prepaid expenses and other current assets (15,484)
Preconfirmation, Total current assets (237,028)
Preconfirmation, Drilling and other property and equipment, net of accumulated depreciation 182,985
Preconfirmation, Other assets (112,454)
Preconfirmation, Total assets (166,497)
Current liabilities:  
Preconfirmation, Accounts payable (996)
Preconfirmation, Accrued liabilities (67,125)
Preconfirmation, Short-term debt (442,034)
Preconfirmation, Finance lease right of use liabilities, current 15,148
Preconfirmation, Total current liabilities (495,007)
Preconfirmation, Deferred tax liability 3,869
Preconfirmation, Other liabilities (90,098)
Preconfirmation, Finance lease right of use liabilities, noncurrent 158,919
Preconfirmation, Long-term debt 285,982
Preconfirmation, Total liabilities not subject to compromise (136,335)
Preconfirmation, Liabilities subject to compromise (2,044,877)
Stockholders’ equity:  
Preconfirmation, Predecessor common stock (1,453)
Preconfirmation, Predecessor additional paid-in capital (2,029,978)
Preconfirmation, Predecessor treasury stock 206,163
Preconfirmation, Successor additional paid-in capital 934,800
Preconfirmation, Successor treasury stock (206,163)
Preconfirmation, (Accumulated deficit) 2,905,173
Preconfirmation, Total stockholders’ equity 2,014,715
Preconfirmation, Total liabilities and stockholders’ equity (166,497)
Stockholders’ equity:  
Preconfirmation, Predecessor common stock (1,453)
Preconfirmation, Successor additional paid-in capital 934,800
Preconfirmation, Predecessor treasury stock 206,163
Reorganization Adjustments | Common Stock [Member]  
Stockholders’ equity:  
Preconfirmation, Predecessor common stock 10
Stockholders’ equity:  
Preconfirmation, Predecessor common stock $ 10