Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following:



	December 31,
	2013			2012
	(in thousands)
Major classes of property and equipment:
Oilfield service equipment	$	1,960,208		$	1,825,707
Disposal wells	87,681			86,970
Motor vehicles	304,244			306,161
Furniture and equipment	122,218			112,828
Buildings and land	86,085			69,158
Work in progress	46,302			127,754
Gross property and equipment	2,606,738			2,528,578
Accumulated depreciation	(1,241,092		)	(1,091,904		)
Net property and equipment	$	1,365,646		$	1,436,674

Carrying Value of Assets Acquired Under Capital Leases

The carrying value of assets acquired under capital leases as of December 31, 2012 is as follows (in thousands):



Values of assets leased under capital lease obligations:
Well servicing equipment	$	249
Motor vehicles	37,827
Gross values	38,076
Accumulated depreciation	(33,692		)
Carrying value of leased assets	$	4,384

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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