Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Business Segments - Financial Information

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues:
Contract drilling	$	288,588		$	440,027		$	690,829		$	866,989
Pressure pumping		176,624			306,577			426,345			546,838
Oil and natural gas		7,816			12,116			14,316			24,120
Total segment revenues		473,028			758,720			1,131,490			1,437,947
Elimination of intercompany revenues (a)		(267	)		(1,444	)		(1,030	)		(2,503	)
Total revenues	$	472,761		$	757,276		$	1,130,460		$	1,435,444
Income (loss) before income taxes:
Contract drilling	$	9,426		$	69,617		$	65,564		$	136,694
Pressure pumping		(18,744	)		24,910			(33,760	)		26,453
Oil and natural gas		(3,631	)		3,632			(8,193	)		6,335
		(12,949	)		98,159			23,611			169,482
Corporate and other		(14,813	)		(14,024	)		(30,186	)		(28,315	)
Net gain on asset disposals (b)		2,998			3,091			5,914			4,835
Interest income		318			208			601			384
Interest expense		(9,249	)		(7,249	)		(17,790	)		(14,437	)
Other		—			3			—			3
Income (loss) before income taxes	$	(33,695	)	$	80,188		$	(17,850	)	$	131,952

	June 30,		December 31,
	2015		2014
Identifiable assets:
Contract drilling	$	3,859,000	$	4,000,576
Pressure pumping		1,049,778		1,186,010
Oil and natural gas		41,684		50,945
Corporate and other (c)		99,066		156,480
Total assets	$	5,049,528	$	5,394,011

(a) Consists of contract drilling intercompany revenues for 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 tax receivables and certain deferred tax assets.