Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

Business Segments - Financial Information

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,
	2014			2013			2014			2013
Revenues:
Contract drilling	$	440,027		$	391,212		$	866,989		$	811,445
Pressure pumping		306,577			254,620			546,838			485,780
Oil and natural gas		12,116			14,717			24,120			31,502

Total segment revenues		758,720			660,549			1,437,947			1,328,727
Elimination of intercompany revenues (a)		(1,444	)		(1,233	)		(2,503	)		(2,372	)

Total revenues	$	757,276		$	659,316		$	1,435,444		$	1,326,355

Income before income taxes:
Contract drilling	$	69,617		$	47,069		$	136,694		$	119,618
Pressure pumping		24,910			30,254			26,453			58,769
Oil and natural gas		3,632			5,527			6,335			11,768

		98,159			82,850			169,482			190,155
Corporate and other		(14,024	)		(13,277	)		(28,315	)		(25,525	)
Net gain on asset disposals (b)		3,091			1,033			4,835			908
Interest income		208			250			384			423
Interest expense		(7,249	)		(6,941	)		(14,437	)		(13,707	)
Other		3			381			3			400

Income before income taxes	$	80,188		$	64,296		$	131,952		$	152,654


	June 30, 2014		December 31, 2013
Identifiable assets:
Contract drilling	$	3,801,864	$	3,569,588
Pressure pumping		890,870		761,199
Oil and natural gas		63,988		58,656
Corporate and other (c)		151,645		297,684

Total assets	$	4,908,367	$	4,687,127

(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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