Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net (Tables)

v3.22.1
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

 

Estimated
Useful
Life (in years)

 

December 31,

 

 

 

 

 

2021

 

 

2020

 

Pressure pumping equipment (1)

 

1.5 to 25

 

$

186,826

 

 

$

263,869

 

Light duty vehicles (2)

 

5

 

 

5,524

 

 

 

2,483

 

Furniture and fixtures

 

5

 

 

67

 

 

 

67

 

IT equipment

 

3

 

 

1,033

 

 

 

1,676

 

Auxiliary equipment

 

2 to 20

 

 

12,218

 

 

 

11,058

 

Leasehold improvements

 

Term of lease

 

 

276

 

 

 

287

 

 

 

 

 

 

205,944

 

 

 

279,440

 

Less: Accumulated depreciation and amortization

 

 

 

 

(43,280

)

 

 

(44,108

)

Property and equipment, net

 

 

 

$

162,664

 

 

$

235,332

 

 

(1)
As of December 31, 2021, the Company had capitalized $540 related to capital leases and the accumulated depreciation was $270.
(2)
As of December 31, 2021 and 2020, the Company had capitalized $3,857 and $260, respectively, related to capital leases and the accumulated depreciation was $489 and $31, respectively.