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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment consisted of the following at December 31, 2023 and 2022 (in thousands):

 

 

2023

 

 

2022

 

Equipment

 

$

8,506,727

 

 

$

7,551,099

 

Oil and natural gas properties

 

 

238,337

 

 

 

236,156

 

Buildings

 

 

248,693

 

 

 

175,212

 

Rental equipment

 

 

119,653

 

 

 

 

Land

 

 

38,811

 

 

 

23,610

 

Total property and equipment

 

 

9,152,221

 

 

 

7,986,077

 

Less accumulated depreciation, depletion, amortization and impairment

 

 

(5,811,809

)

 

 

(5,725,501

)

Property and equipment, net

 

$

3,340,412

 

 

$

2,260,576

 

Summary of Depreciation, Depletion, Amortization and Impairment Expense related to Property and Equipment and Intangible Assets and Liabilities

Depreciation, depletion, amortization and impairment — The following table summarizes depreciation, depletion, amortization and impairment expense related to property and equipment and intangible assets for 2023, 2022 and 2021 (in thousands):

 

 

 

2023

 

 

2022

 

 

2021

 

Depreciation and impairment expense

 

$

682,672

 

 

$

472,969

 

 

$

818,999

 

Amortization expense

 

 

41,521

 

 

 

2,891

 

 

 

24,606

 

Depletion expense

 

 

7,223

 

 

 

8,085

 

 

 

5,573

 

Total

 

$

731,416

 

 

$

483,945

 

 

$

849,178