v3.25.2
Property and Equipment, net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment are stated at cost. We manufacture or construct most of our Pressure Control rental equipment assets. During the manufacture of these assets, they are reflected as construction in progress until complete. Property and equipment consists of the following:
June 30,
2025
December 31,
2024
Land
$16,442 $16,442 
Buildings and improvements
135,468 133,187 
Machinery and equipment
149,450 139,605 
Reels and skids20,477 18,737 
Vehicles44,378 41,175 
Rental equipment226,506 222,975 
Furniture and fixtures
2,019 1,905 
Computers and software
11,611 4,919 
Gross property and equipment
606,351 578,945 
Less: Accumulated depreciation
(281,410)(262,198)
Net property and equipment
324,941 316,747 
Construction in progress
24,220 29,261 
Total property and equipment, net
$349,161 $346,008