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Acquisitions and Discontinued Operations - Schedule of Assets Acquired and Liabilities Assumed on Fair Value (Detail) - USD ($)
$ in Thousands
12 Months Ended
Sep. 01, 2023
Aug. 14, 2023
Oct. 01, 2021
Dec. 31, 2023
Dec. 31, 2022
Liabilities assumed          
Goodwill       $ 1,379,741 $ 0
Pioneer Energy Services Corp [Member]          
Liabilities assumed          
Total consideration transferred     $ 278,032    
Ulterra Drilling Technologies, L.P. [Member]          
Assets acquired          
Cash and cash equivalents       18,426  
Accounts receivable       68,467  
Inventory [1]       36,313  
Rental equipment [2]       109,055  
Property and equipment       27,583  
Other assets       14,274  
Intangible assets       313,000  
Operating lease right of use asset       7,513  
Finance lease right of use asset       5,228  
Total assets acquired       599,859  
Liabilities assumed          
Accounts payable       23,258  
Accrued liabilities       31,608  
Operating lease liability       7,513  
Finance lease liability       5,228  
Deferred tax liabilities       83,993  
Total liabilities assumed       151,600  
Less: noncontrolling interest       (8,729)  
Total net assets acquired       439,530  
Goodwill       457,616  
Total consideration transferred   $ 897,146   897,146  
NexTier Oilfield Solutions Inc. [Member]          
Assets acquired          
Cash and cash equivalents       95,815  
Accounts receivable       420,200  
Inventory       71,930  
Property and equipment [3]       1,045,610  
Other assets       84,677  
Intangible assets       768,000  
Operating lease right of use asset       19,091  
Finance lease right of use asset       50,733  
Total assets acquired       2,556,056  
Liabilities assumed          
Accounts payable       358,873  
Accrued liabilities       129,535  
Operating lease liability       19,091  
Finance lease liability       50,733  
Deferred tax liabilities       86,293  
Long-term debt       22,533  
Other liabilities       11,815  
Total liabilities assumed       678,873  
Total net assets acquired       1,877,183  
Goodwill       922,125  
Total consideration transferred $ 2,799,308     $ 2,799,308  
[1] We recorded an adjustment of $5.5 million to write-up acquired drill bits classified as inventory to estimated fair value. This adjustment will be recorded as direct operating expense as acquired drill bits are sold.
[2] We recorded an adjustment of $74.4 million to write-up acquired drill bits classified as long-lived assets to estimated fair value. This adjustment will be depreciated as acquired drill bits are rented over a weighted-average estimated useful life of 7.5 runs.
[3] We recorded an adjustment of $262.7 million to write-up acquired property and equipment to estimated fair value. This adjustment will be depreciated on a straight-line basis over a weighted average period of six years.