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PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment as of June 30, 2021 and September 30, 2020 consisted of the following:

(in thousands)			Estimated Useful Lives						June 30, 2021						September 30, 2020
Drilling services equipment			4 - 15 years						$	6,456,608					$	7,313,234
Tubulars			4 years						602,689						615,281
Real estate properties			10 - 45 years						43,358						43,389
Other			2 - 23 years						464,571						464,704
Construction in progress (1)									47,844						49,592
									7,615,070						8,486,200
Accumulated depreciation									(4,333,988)						(4,839,859)
Property, plant and equipment, net									$	3,281,082					$	3,646,341
Assets held-for-sale									$	10,088					$	—

(1)Included in construction in progress are costs for projects in progress to upgrade or refurbish certain rigs in our existing fleet.  Additionally, we include other capital maintenance purchase-orders that are open/in process.  As these various projects are completed, the costs are then classified to their appropriate useful life category.

Schedule of Assets Held-for-Sale

The following table summarizes the balance (in thousands) of our assets held-for-sale at the dates indicated below:

Balance at September 30, 2020			$	—
Plus:
Asset additions			13,516
Less:
Sale of assets held-for-sale			(3,428)
Balance at June 30, 2021			$	10,088

X

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Name Accounting Standards Codification
-Topic 360
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