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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill from December 31, 2023 to December 31, 2024, were as follows (in thousands):
Artificial Lift and Downhole
Goodwill, December 31, 2023$— 
Acquisitions66,778 
Impact on non-U.S. local currency translation(5,125)
Goodwill, December 31, 2024$61,653 
Schedule of Intangible Assets
At December 31, 2024 and 2023, intangible assets consisted of the following (in thousands):
December 31, 2024
CostAccumulated
amortization
NetAmortization
period (in years)
Customer relationships$212,990 $(121,405)$91,585 
2 - 15
Patents and technology29,166 (17,867)11,299 
10 - 19
Trade names and other$28,913 $(22,567)$6,346 
8 - 19
Total intangible assets $271,069 $(161,839)$109,230 
December 31, 2023
CostAccumulated
amortization
NetAmortization
period (in years)
Customer relationships$267,838 $(164,672)$103,166 
10 - 35
Patents and technology89,151 (41,189)47,962 
5 - 19
Trade names and other43,037 (29,164)13,873 
7 - 19
Trademark5,089 (2,120)2,969 
15
Total intangible assets$405,115 $(237,145)$167,970 
Schedule of Future Amortization Expense The estimated future amortization expense for the next five years is as follows (in thousands):
Year ending December 31,Amount
2025$19,516 
202616,819 
202715,487 
202814,188 
202913,817