Business Segments (Tables)

6 Months Ended

Jun. 30, 2012

Business Segments - Financial Information

January 2011. Separate financial data for each of our business segments is provided in the table below (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Revenues:
Contract drilling	$	461,798		$	387,622		$	952,501		$	765,647
Pressure pumping		206,173			200,131			447,895			379,790
Oil and natural gas		14,690			13,454			29,407			23,841

Total segment revenues		682,661			601,207			1,429,803			1,169,278
Elimination of intercompany revenues (a)		(1,549	)		(1,143	)		(2,770	)		(1,810	)

Total revenues	$	681,112		$	600,064		$	1,427,033		$	1,167,468

Income before income taxes:
Contract drilling	$	90,536		$	85,135		$	202,307		$	165,654
Pressure pumping		36,846			50,340			83,633			91,718
Oil and natural gas		7,224			7,129			14,742			11,947

		134,606			142,604			300,682			269,319
Corporate and other		(12,044	)		(11,761	)		(22,856	)		(22,533	)
Net gain on asset disposals (b)		28,332			1,017			30,732			2,621
Interest income		179			45			233			88
Interest expense		(5,051	)		(3,514	)		(9,633	)		(7,403	)
Other income (expense)		(144	)		78			(89	)		197

Income from continuing operations before income taxes	$	145,878		$	128,469		$	299,069		$	242,289


	June 30, 2012		December 31, 2011
Identifiable assets:
Contract drilling	$	3,466,902	$	3,252,116
Pressure pumping		774,924		748,643
Oil and natural gas		50,860		44,990
Corporate and other (c)		149,929		176,152

Total assets	$	4,442,615	$	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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