Property and Equipment, Net

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment at September 30, 2014, and December 31, 2013, consisted of the following:



	September 30, 2014			December 31, 2013
	(in thousands)
Rigs and other equipment	$	111,538		$	100,884
Buildings and improvements	18,921			17,880
Land	1,893			1,893
Vehicles	2,170			1,869
Furniture and fixtures	690			512
Assets in progress	2,083			1,114
	137,295			124,152
Accumulated depreciation	(28,958		)	(18,262		)
Property and equipment, net	$	108,337		$	105,890

The amounts at December 31, 2013, have been revised to reflect measurement period adjustments identified during the nine months ended September 30, 2014, related to the assets acquired from Black Hawk Inc. as if they had been recognized at the acquisition date (see Note 3). Depreciation expense was $3.7 million and $2.6 million for the three months ended September 30, 2014 and 2013, respectively. Depreciation expense was $10.8 million and $7.7 million for the nine months ended September 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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