Business Segments (Tables)

9 Months Ended

Sep. 30, 2013

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,
	2013			2012			2013			2012
Revenues:
Contract drilling	$	459,213		$	447,636		$	1,270,658		$	1,400,137
Pressure pumping		259,209			181,963			744,989			629,858
Oil and natural gas		13,827			14,933			45,329			44,340

Total segment revenues		732,249			644,532			2,060,976			2,074,335
Elimination of intercompany revenues (a)		(1,342	)		(901	)		(3,714	)		(3,671	)

Total revenues	$	730,907		$	643,631		$	2,057,262		$	2,070,664

Income before income taxes:
Contract drilling	$	116,253		$	77,967		$	235,871		$	280,274
Pressure pumping		16,917			15,009			75,686			98,642
Oil and natural gas		5,421			5,435			17,189			20,177

		138,591			98,411			328,746			399,093
Corporate and other		(15,418	)		(11,780	)		(40,943	)		(34,636	)
Net gain on asset disposals (b)		1,378			1,963			2,286			32,695
Interest income		293			149			716			382
Interest expense		(7,503	)		(7,207	)		(21,210	)		(16,840	)
Other		380			624			780			535

Income before income taxes	$	117,721		$	82,160		$	270,375		$	381,229


	September 30, 2013		December 31, 2012
Identifiable assets:
Contract drilling	$	3,573,114	$	3,538,289
Pressure pumping		810,446		784,128
Oil and natural gas		57,269		54,188
Corporate and other (c)		236,693		180,306

Total assets	$	4,677,522	$	4,556,911

(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 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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