Revenues are recognized when performance obligations are satisfied in accordance with contractual terms, in an amount that reflects the consideration we expect to be entitled to in exchange for services rendered, rentals provided, and products sold. Taxes collected from customers and remitted to governmental authorities and revenues are reported on a net basis in our financial statements.

A performance obligation arises under contracts with customers to render services, provide rentals or sell products, and is the unit of account under FASB Accounting Standards Update 2014-09 - Revenue from Contracts with Customers (Topic 606). We account for services rendered and rentals provided separately if they are distinct and the service or rental is separately identifiable from other items provided to a customer and if a customer can benefit from the services rendered or rentals provided on its own or with other resources that are readily available to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. A contract’s selling prices are determined based on prices we charge for services rendered, rentals provided, and products sold. The majority of our performance obligations are satisfied over time, which is generally represented by a period of 30 days or less. Our payment terms vary by the type of products or services offered. The term between invoicing and when the payment is due is typically 30 days.

Services Revenue: primarily represents amounts charged to customers for the completion of services rendered, including labor, products and supplies necessary to perform the service. Rates for these services vary depending on the type of services provided and can be based on a per job, per hour or per day basis.

Rentals Revenue: primarily priced on a per day, per man hour or similar basis and consists of fees charged to customers for the use of our rental equipment over the term of the rental period, which is generally less than twelve months.

Product Sales Revenue: products are generally sold based upon purchase orders or contracts with our customers that include fixed or determinable prices but do not include right of return provisions or other significant post-delivery obligations. We recognize revenue from product sales when title passes to the customer, the customer assumes risks and rewards of ownership, collectability is reasonably assured and delivery occurs as directed by the customer.

We expense sales commissions when incurred because the amortization period would be one year or less.

The following table presents our revenues by segment disaggregated by geography (in thousands):


	Successor		Predecessor
	For the Three Months Ended September 30, 2021		For the Three Months Ended September 30, 2020
U.S. land
Rentals	$	25,627	N/A
Well Services		6,638	N/A
Drilling Products and Services	N/A			10,459
Production Services	N/A			383
Technical Solutions	N/A			4,694
Total U.S. land	$	32,265	$	15,536

U.S. offshore
Rentals	$	28,997	N/A
Well Services		22,756	N/A
Drilling Products and Services	N/A			26,242
Production Services	N/A			6,630
Technical Solutions	N/A			15,740
Total U.S. offshore	$	51,753	$	48,612

International
Rentals	$	21,593	N/A
Well Services		72,972	N/A
Drilling Products and Services	N/A			19,301
Production Services	N/A			39,948
Technical Solutions	N/A			12,579
Total International		94,565		71,828
Total Revenues	$	178,583	$	135,976


	Successor		Predecessor
	For the Period February 3, 2021 through September 30, 2021		For the Period January 1, 2021 through February 2, 2021		For the Nine Months Ended September 30, 2020
U.S. land
Rentals	$	57,525	$	4,917	N/A
Well Services		15,545		3,379	N/A
Drilling Products and Services	N/A		N/A			66,652
Production Services	N/A		N/A			5,016
Technical Solutions	N/A		N/A			13,997
Total U.S. land	$	73,070	$	8,296	$	85,665

U.S. offshore
Rentals	$	76,290	$	8,196	N/A
Well Services		68,751		7,371	N/A
Drilling Products and Services	N/A		N/A			92,053
Production Services	N/A		N/A			24,293
Technical Solutions	N/A		N/A			70,884
Total U.S. offshore	$	145,041	$	15,567	$	187,230

International
Rentals	$	52,087	$	5,226	N/A
Well Services		180,120		16,839	N/A
Drilling Products and Services	N/A		N/A			68,639
Production Services	N/A		N/A			136,519
Technical Solutions	N/A		N/A			43,744
Total International		232,207		22,065		248,902
Total Revenues	$	450,318	$	45,928	$	521,797

The following table presents our revenues by segment disaggregated by type (in thousands):


	Successor		Predecessor
	For the Three Months Ended September 30, 2021		For the Three Months Ended September 30, 2020
Services
Rentals	$	8,735	N/A
Well Services		76,932	N/A
Drilling Products and Services	N/A			11,132
Production Services	N/A			35,221
Technical Solutions	N/A			20,860
Total Services	$	85,667	$	67,213

Rentals
Rentals	$	56,743	N/A
Well Services		2,677	N/A
Drilling Products and Services	N/A			38,784
Production Services	N/A			2,135
Technical Solutions	N/A			432
Total Rentals	$	59,420	$	41,351

Product Sales
Rentals	$	10,739	N/A
Well Services		22,757	N/A
Drilling Products and Services	N/A			6,085
Production Services	N/A			9,606
Technical Solutions	N/A			11,721
Total Product Sales		33,496		27,412
Total Revenues	$	178,583	$	135,976


	Successor		Predecessor
	For the Period February 3, 2021 through September 30, 2021		For the Period January 1, 2021 through February 2, 2021		For the Nine Months Ended September 30, 2020
Services
Rentals	$	24,591	$	2,005	N/A
Well Services		184,542		17,229	N/A
Drilling Products and Services	N/A		N/A			38,721
Production Services	N/A		N/A			124,445
Technical Solutions	N/A		N/A			67,769
Total Services	$	209,133	$	19,234	$	230,935

Rentals
Rentals	$	133,231	$	14,082	N/A
Well Services		10,741		352	N/A
Drilling Products and Services	N/A		N/A			161,186
Production Services	N/A		N/A			12,218
Technical Solutions	N/A		N/A			9,032
Total Rentals	$	143,972	$	14,434	$	182,436

Product Sales
Rentals	$	28,080	$	2,252	N/A
Well Services		69,133		10,008	N/A
Drilling Products and Services	N/A		N/A			27,437
Production Services	N/A		N/A			29,165
Technical Solutions	N/A		N/A			51,824
Total Product Sales		97,213		12,260		108,426
Total Revenues	$	450,318	$	45,928	$	521,797