v3.26.1
Property and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment, net includes the following (in millions):
Estimated Useful Life
(Years)
June 30, 2026December 31, 2025
High specification rigs15$195.9 $191.8 
Machinery and equipment
3 - 30
249.7 247.4 
Vehicles
3 - 15
64.1 63.4 
Other property and equipment
5 - 25
25.4 24.5 
Property and equipment535.1 527.1 
Less: accumulated depreciation(282.8)(256.8)
Construction in progress26.2 10.6 
Property and equipment, net$278.5 $280.9