Parker Drilling Co (Parker Drilling Co) Construction In Progress : $10.1 Mil (As of Dec. 2019)

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What is Parker Drilling Co Construction In Progress?

Parker Drilling Co's quarterly construction in progress stayed the same from Jun. 2019 ($0.0 Mil) to Sep. 2019 ($0.0 Mil) but then increased from Sep. 2019 ($0.0 Mil) to Dec. 2019 ($10.1 Mil).

Parker Drilling Co's annual construction in progress declined from Dec. 2017 ($11.8 Mil) to Dec. 2018 ($10.9 Mil) and declined from Dec. 2018 ($10.9 Mil) to Dec. 2019 ($10.1 Mil).

Parker Drilling Co Construction In Progress Historical Data

The historical data trend for Parker Drilling Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Parker Drilling Co Construction In Progress Chart

Parker Drilling Co Annual Data

Trend

Dec10

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Dec19

Construction In Progress

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21.77

25.36

11.75

10.86

10.08

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Construction In Progress	Get a 7-Day Free Trial															10.86	-	-	-	10.08

Parker Drilling Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.