Business Segments (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues:
Contract drilling	$	447,636		$	437,723		$	1,400,137		$	1,203,370
Pressure pumping		181,963			225,164			629,858			604,954
Oil and natural gas		14,933			11,837			44,340			35,678

Total segment revenues		644,532			674,724			2,074,335			1,844,002
Elimination of intercompany revenues (a)		(901	)		(896	)		(3,671	)		(2,706	)

Total revenues	$	643,631		$	673,828		$	2,070,664		$	1,841,296

Income before income taxes:
Contract drilling	$	77,967		$	85,708		$	280,274		$	251,362
Pressure pumping		15,009			50,426			98,642			142,144
Oil and natural gas		5,435			4,754			20,177			16,701

		98,411			140,888			399,093			410,207
Corporate and other		(11,780	)		(10,031	)		(34,636	)		(32,564	)
Net gain on asset disposals (b)		1,963			1,437			32,695			4,058
Interest income		149			47			382			135
Interest expense		(7,207	)		(3,835	)		(16,840	)		(11,238	)
Other income		624			375			535			572

Income from continuing operations before income taxes	$	82,160		$	128,881		$	381,229		$	371,170


	September 30, 2012		December 31, 2011
Identifiable assets:
Contract drilling	$	3,481,979	$	3,252,116
Pressure pumping		754,010		748,643
Oil and natural gas		52,303		44,990
Corporate and other (c)		181,683		176,152

Total assets	$	4,469,975	$	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 and cash equivalents, 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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