PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment as of December 31, 2023 and September 30, 2023 consisted of the following:

(in thousands)	Estimated Useful Lives	December 31, 2023		September 30, 2023
Drilling services equipment	4 - 15 years	$	6,463,137	$	6,396,612
Tubulars	4 years	583,989		564,032
Real estate properties	10 - 45 years	48,033		47,313
Other	2 - 23 years	450,114		443,366
Construction in progress1		124,994		97,374
		7,670,267		7,548,697
Accumulated depreciation		(4,699,896)		(4,627,002)
Property, plant and equipment, net		$	2,970,371	$	2,921,695
Assets held-for-sale		$	—	$	645

(1)Included in construction in progress are costs for projects in progress to upgrade or refurbish certain rigs in our existing fleet. Additionally, we include other advances for capital maintenance purchase-orders that are open/in process. As these various projects are completed, the costs are then classified to their appropriate useful life category.