Business Segments (Tables)

3 Months Ended

Mar. 31, 2012

Business Segments - Financial Information

Separate financial data for each of our business segments is provided in the table below (in thousands):


	Three Months Ended March 31,
	2012			2011
Revenues:
Contract drilling	$	490,703		$	378,025
Pressure pumping		241,722			179,659
Oil and natural gas		14,717			10,387

Total segment revenues		747,142			568,071
Elimination of intercompany revenues (a)		(1,221	)		(667	)

Total revenues	$	745,921		$	567,404

Income before income taxes:
Contract drilling	$	111,771		$	80,519
Pressure pumping		46,787			41,378
Oil and natural gas		7,518			4,818

		166,076			126,715
Corporate and other		(10,812	)		(10,772	)
Net gain on asset disposals (b)		2,400			1,604
Interest income		54			43
Interest expense		(4,582	)		(3,889	)
Other		55			119

Income from continuing operations before income taxes	$	153,191		$	113,820


	March 31, 2012		December 31, 2011
Identifiable assets:
Contract drilling	$	3,384,088	$	3,252,116
Pressure pumping		789,213		748,643
Oil and natural gas		48,118		44,990
Corporate and other (c)		142,413		176,152

Total assets	$	4,363,832	$	4,221,901

(a)	Consists of contract drilling intercompany revenues for drilling services provided to the oil and natural gas exploration and production segment.

(b)	Net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments.

(c)	Corporate and other assets primarily include cash on hand, income taxes receivable and certain deferred tax assets.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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