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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of operating segments [abstract] |
Summary of Operating Segments | The Corporation operates primarily in Canada, the United States and certain international locations, in two industry segments; Contract Drilling Services and Completion and Production Services. Contract Drilling Services includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services includes service rigs, oilfield equipment rental, and camp and catering services.
Year ended December 31, 2023 |  | Contract Drilling Services |  |  | Completion and Production Services |  |  | Corporate and Other |  |  | Inter- Segment Eliminations |  |  | Total |
Revenue |  | $ | 1,704,265 |  |  | $ | 240,716 |  |  | $ | — |  |  | $ | (7,127 | ) |  | $ | 1,937,854 |
Earnings before income taxes, gain on repurchase of unsecured senior notes, gain on acquisition, loss (gain) on investments and other assets, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization |  |  | 630,761 |  |  |  | 51,224 |  |  |  | (70,867 | ) |  |  | — |  |  |  | 611,118 |
Depreciation and amortization |  |  | 269,133 |  |  |  | 14,654 |  |  |  | 13,770 |  |  |  | — |  |  |  | 297,557 |
Gain on asset disposals |  |  | (23,378 | ) |  |  | (973 | ) |  |  | (118 | ) |  |  | — |  |  |  | (24,469 | )
Loss on asset decommissioning |  |  | 9,592 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,592 |
Total assets |  |  | 2,565,495 |  |  |  | 271,724 |  |  |  | 181,816 |  |  |  | — |  |  |  | 3,019,035 |
Capital expenditures |  |  | 213,660 |  |  |  | 9,984 |  |  |  | 3,105 |  |  |  | — |  |  |  | 226,749 |
Year ended December 31, 2022 |  | Contract Drilling Services |  |  | Completion and Production Services |  |  | Corporate and Other |  |  | Inter- Segment Eliminations |  |  | Total |
Revenue |  | $ | 1,436,134 |  |  | $ | 187,171 |  |  | $ | — |  |  | $ | (6,111 | ) |  | $ | 1,617,194 |
Earnings before income taxes, gain on repurchase of unsecured senior notes, gain on acquisition, loss (gain) on investments and other assets, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization |  |  | 397,753 |  |  |  | 38,147 |  |  |  | (124,295 | ) |  |  | — |  |  |  | 311,605 |
Depreciation and amortization |  |  | 255,286 |  |  |  | 14,381 |  |  |  | 9,368 |  |  |  | — |  |  |  | 279,035 |
Gain on asset disposals |  |  | (25,495 | ) |  |  | (3,233 | ) |  |  | (1,198 | ) |  |  | — |  |  |  | (29,926 | )
Total assets |  |  | 2,574,867 |  |  |  | 179,226 |  |  |  | 122,030 |  |  |  | — |  |  |  | 2,876,123 |
Capital expenditures |  |  | 177,844 |  |  |  | 5,325 |  |  |  | 1,081 |  |  |  | — |  |  |  | 184,250 |
Summary of Detailed Information About Reconciliation of Operating Gain (Loss) to Net Gain (Loss) Explanatory |
|  |  |  |  |  |  |  | 2023 |  |  | 2022 |
Earnings before income taxes, gain on repurchase of unsecured senior notes, gain on acquisition, loss (gain) on investments and other assets, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization |  |  |  |  |  |  |  | $ | 611,118 |  |  | $ | 311,605 |
Deduct: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  | 297,557 |  |  |  | 279,035 |
Gain on asset disposals |  |  |  |  |  |  |  |  | (24,469 | ) |  |  | (29,926 | )
Loss on asset decommissioning |  |  |  |  |  |  |  |  | 9,592 |  |  |  | — |
Foreign exchange |  |  |  |  |  |  |  |  | (1,667 | ) |  |  | 1,278 |
Finance charges |  |  |  |  |  |  |  |  | 83,414 |  |  |  | 87,813 |
Loss (gain) on investments and other assets |  |  |  |  |  |  |  |  | 6,810 |  |  |  | (12,452 | )
Gain on acquisition |  |  |  |  |  |  |  |  | (25,761 | ) |  |  | — |
Gain on repurchase of unsecured senior notes |  |  |  |  |  |  |  |  | (137 | ) |  |  | — |
Income taxes |  |  |  |  |  |  |  |  | (23,465 | ) |  |  | 20,150 |
Net earnings (loss) |  |  |  |  |  |  |  | $ | 289,244 |  |  | $ | (34,293 | )
Summary of Operating Segments by Geographic Locations | The Corporation’s operations are carried on in the following geographic locations:
Year ended December 31, 2023 |  | United States |  |  | Canada |  |  | International |  |  | Total |
Revenue |  | $ | 861,915 |  |  | $ | 929,639 |  |  | $ | 146,300 |  |  | $ | 1,937,854 |
Total assets |  |  | 1,226,256 |  |  |  | 1,246,069 |  |  |  | 546,710 |  |  |  | 3,019,035 |
Year ended December 31, 2022 |  | United States |  |  | Canada |  |  | International |  |  | Total |
Revenue |  | $ | 745,630 |  |  | $ | 725,560 |  |  | $ | 146,004 |  |  | $ | 1,617,194 |
Total assets |  |  | 1,376,413 |  |  |  | 1,056,093 |  |  |  | 443,617 |  |  |  | 2,876,123 |

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