Property and Equipment Net

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment at March 31, 2014, and December 31, 2013, consisted of the following:



	March 31, 2014			December 31, 2013
	(in thousands)
Rigs and other equipment	$	102,208		$	100,912
Buildings and improvements	19,370			19,167
Land	1,164			1,164
Vehicles	1,905			1,869
Furniture and fixtures	576			512
Assets in progress	2,756			1,114
	127,979			124,738
Accumulated depreciation	(21,775		)	(18,262		)
Property and equipment, net	$	106,204		$	106,476

The amounts at December 31, 2013, have been revised to reflect measurement period adjustments for the three months ended March 31, 2014, related to Black Hawk as if they had been recognized at the acquisition date (see Note 3). Depreciation expense was $3.5 million and $2.6 million for the three months ended March 31, 2014, and 2013, respectively.