Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Table Text Block]

Property and equipment at June 30, 2013, and December 31, 2012, consisted of the following:



	June 30, 2013			December 31, 2012
	(in thousands)
Rigs and other equipment	$	71,160		$	68,404
Buildings and improvements	13,226			12,019
Land	1,068			1,068
Vehicles	1,723			1,639
Furniture and fixtures	289			289
Assets in progress	2,303			2,342
	89,769			85,761
Accumulated depreciation	(13,098		)	(7,993		)
Property and equipment, net	$	76,671		$	77,768

- 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.

+ References+ Details