Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net (Tables)

v3.22.1
Property and Equipment, Net (Tables)
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

 

Estimated
Useful
Life (in years)

 

March 31, 2022

 

 

December 31, 2021

 

Pressure pumping equipment (1)

 

1.5 to 25

 

$

188,028

 

 

$

186,826

 

Light duty vehicles (2)

 

5

 

 

1,667

 

 

 

5,524

 

Furniture and fixtures

 

5

 

 

67

 

 

 

67

 

IT equipment

 

3

 

 

1,033

 

 

 

1,033

 

Auxiliary equipment

 

2 to 20

 

 

12,578

 

 

 

12,218

 

Leasehold improvements

 

Term of lease

 

 

276

 

 

 

276

 

 

 

 

 

 

203,649

 

 

 

205,944

 

Less: accumulated depreciation and amortization

 

 

 

 

(45,998

)

 

 

(43,280

)

Property and equipment, net

 

 

 

$

157,651

 

 

$

162,664

 

 

(1)
As of December 31, 2021, the Company had capitalized $0.6 million of pressure pumping equipment, related to capital leases and the accumulated depreciation was $0.3 million.
(2)
As of December 31, 2021, the Company had capitalized $3.9 million of light duty vehicles, related to capital leases and the accumulated depreciation was $0.5 million.