Property and Equipment

3 Months Ended

Mar. 31, 2014

3. Property and Equipment

Property and equipment consisted of the following at March 31, 2014 and December 31, 2013 (in thousands):


	March 31, 2014			December 31, 2013
Equipment	$	5,915,271		$	5,749,975
Oil and natural gas properties		192,299			183,571
Buildings		80,646			80,050
Land		12,048			12,054

		6,200,264			6,025,650
Less accumulated depreciation and depletion		(2,483,692	)		(2,390,109	)

Property and equipment, net	$	3,716,572		$	3,635,541

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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