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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Business Segments - Financial Information
The following tables summarize selected financial information relating to our business segments (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Revenues:
Drilling Services$437,835 $503,767 $1,369,275 $1,496,520 
Completion Services831,567 459,574 2,581,937 1,003,083 
Drilling Products89,102 46,570 265,129 46,570 
Other (1)
18,020 17,501 56,254 59,393 
Elimination of intercompany revenues – Drilling Services (2)
(16,272)(14,992)(49,850)(40,359)
Elimination of intercompany revenues – Other (2)
(3,030)(968)(6,969)(3,068)
Total revenues$1,357,222 $1,011,452 $4,215,776 $2,562,139 
Segment operating income (loss) (3) and reconciliation to income (loss) before income taxes:
Drilling Services$(34,395)$114,737 $131,329 $329,322 
Completion Services(908,665)162 (848,311)69,898 
Drilling Products9,136 (6,240)24,275 (6,240)
Total segment operating income (loss) (3)
(933,924)108,659 (692,707)392,980 
Other(3,573)435 (2,152)1,811 
Corporate(53,132)(99,390)(163,543)(154,542)
Interest income745 2,131 4,801 4,583 
Interest expense(17,990)(15,625)(54,238)(34,189)
Other income (expense)(716)(618)358 3,191 
Income (loss) before income taxes$(1,008,590)$(4,408)$(907,481)$213,834 
Depreciation, depletion, amortization and impairment:
Drilling Services$201,272 $90,668 $392,224 $272,361 
Completion Services140,930 83,338 428,303 135,339 
Drilling Products22,924 17,075 73,282 17,075 
Other8,330 5,319 19,253 21,946 
Corporate1,224 1,235 4,212 5,908 
Total depreciation, depletion, amortization and impairment$374,680 $197,635 $917,274 $452,629 
Capital expenditures:
Drilling Services$69,127 $89,242 $210,346 $261,155 
Completion Services86,755 56,464 258,860 107,529 
Drilling Products16,309 7,940 45,853 7,940 
Other5,909 5,972 18,919 18,387 
Corporate2,487 804 4,058 15,406 
Total capital expenditures$180,587 $160,422 $538,036 $410,417 
September 30, 2024December 31, 2023
Identifiable assets:
Drilling Services$2,083,115 $2,368,604 
Completion Services2,663,525 3,835,699 
Drilling Products979,834 1,011,870 
Other55,426 59,221 
Corporate (4)
181,777 144,637 
Total assets$5,963,677 $7,420,031 

(1)Other includes our oilfield rentals business and oil and natural gas working interests.
(2)Intercompany revenues consist of revenues from drilling services provided to our other operations, and revenues from other operations for services provided to drilling services, completion services and within other operations. These revenues are generally based on estimated external selling prices and are eliminated during consolidation.
(3)Segment operating income is our measure of segment profitability. It is defined as revenue less operating expenses, selling, general and administrative expenses, depreciation, amortization and impairment expenses and other operating income.
(4)Corporate assets primarily include cash on hand and certain property and equipment.