Property and Equipment

12 Months Ended

Dec. 31, 2012

4. Property and Equipment

Property and equipment consists of the following (in thousands):


	December 31, 2012		December 31, 2011
Land	$	16,338	$	11,314
Buildings and improvements		53,831		47,710
Well service units and equipment		487,785		447,743
Fluid services equipment		218,933		179,495
Brine and fresh water stations		14,101		13,000
Frac/test tanks		274,311		246,816
Pressure pumping equipment		277,529		246,931
Construction equipment		15,657		29,281
Contract drilling equipment		105,992		93,728
Disposal facilities		119,903		78,632
Vehicles		61,802		54,238
Rental equipment		65,047		46,851
Aircraft		4,151		4,251
Software		23,921		23,595
Other		19,055		15,690

		1,758,357		1,539,275
Less accumulated depreciation and amortization		814,591		682,863

Property and equipment, net	$	943,766	$	856,412

Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above consists of the following (in thousands):


	December 31, 2012		December 31, 2011
Light vehicles	$	31,180	$	28,794
Contract Drilling		4,223		—
Well service units and equipment		1,748		1,671
Fluid services equipment		105,932		83,544
Pressure pumping equipment		29,253		24,260
Construction equipment		974		1,341
Software		17,120		16,896
Other		344		557

		190,774		157,063
Less accumulated amortization		63,194		60,455

	$	127,580	$	96,608

Amortization of assets held under capital leases of approximately $28.5 million, $22.0 million and $21.2 million for the years ended December 31, 2012, 2011 and 2010, respectively, is included in depreciation and amortization expense in the consolidated statements of operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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