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Property and Equipment
12 Months Ended
Dec. 31, 2022
Property and Equipment  
Property and Equipment

4.           Property and Equipment

Net book value of property and equipment (in thousands) decreased $8,222 or 31.1% from December 31, 2021 to December 31, 2022. This is primarily due to capital expenditure purchases of $1,778 during the year ended December 31, 2022 offset by depreciation expense of $9,795 for the same period. Property and equipment (in thousands), together with the related estimated useful lives at December 31, 2022 and 2021, were as follows:

December 31,

 

    

2022

    

2021

Useful Lives

Land, building and other

$

12,553

$

15,156

 

3 to 40 years

Recording equipment

 

147,675

 

148,330

 

5 to 10 years

Vibrator energy sources

 

64,110

 

69,239

 

5 to 15 years

Vehicles

 

20,492

 

20,341

 

1.5 to 10 years

 

244,830

 

253,066

Less accumulated depreciation

 

(226,703)

 

(226,717)

Property and equipment, net

$

18,127

$

26,349