Assets Held for Sale	6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Note 3 — Assets Held for Sale Assets held for sale include the net book value of assets the Company plans to sell within the next 12 months and are primarily related to excess non-working assets. Long-lived assets that meet the held for sale criteria are held for sale and reported at the lower of their carrying value or fair value less estimated costs to sell. As of June 30, 2025, the Company classified $0.4 million of idle high specification rigs within our broader rig portfolio as held for sale as they are being actively marketed, as compared to $0.6 million of land and buildings held for sale as of June 30, 2024. For the six months ended June 30, 2025 and 2024, the Company recognized a net gain on assets previously held in Property and equipment of $0.2 million and a net gain on assets previously held for sale of $1.6 million, respectively, which is shown on the Condensed Consolidated Statements of Operations. During the six months ended June 30, 2025, the Company reclassified certain well service rigs with a carrying value of $0.3 million from Assets Held for Sale back to Property and Equipment, net, as the criteria for classification as held for sale under ASC 360-10-45-9 were no longer met. The Company believes these assets may have use in future operations and are no longer actively marketing them. Depreciation on the reclassified rigs resumed prospectively beginning in July 2025.

Assets held for sale include the net book value of assets the Company plans to sell within the next 12 months and are primarily related to excess non-working assets. Long-lived assets that meet the held for sale criteria are held for sale and reported at the lower of their carrying value or fair value less estimated costs to sell.

As of June 30, 2025, the Company classified $0.4 million of idle high specification rigs within our broader rig portfolio as held for sale as they are being actively marketed, as compared to $0.6 million of land and buildings held for sale as of June 30, 2024.

For the six months ended June 30, 2025 and 2024, the Company recognized a net gain on assets previously held in Property and equipment of $0.2 million and a net gain on assets previously held for sale of $1.6 million, respectively, which is shown on the Condensed Consolidated Statements of Operations.

During the six months ended June 30, 2025, the Company reclassified certain well service rigs with a carrying value of $0.3 million from Assets Held for Sale back to Property and Equipment, net, as the criteria for classification as held for sale under ASC 360-10-45-9 were no longer met. The Company believes these assets may have use in future operations and are no longer actively marketing them. Depreciation on the reclassified rigs resumed prospectively beginning in July 2025.