DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2011

DISCONTINUED OPERATIONS

NOTE 17. DISCONTINUED OPERATIONS

On October 1, 2010, we completed the sale of our pressure pumping and wireline businesses to Patterson-UTI Energy, Inc. Management determined to sell these businesses because they were not aligned with our core business strategy of well intervention and international expansion. For the periods presented in this report, we show the results of operations related to these businesses as discontinued operations. The following table presents the results of discontinued operations for the businesses sold in connection with this transaction:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2011		2010			2011		2010
	(in thousands)					(in thousands)
REVENUES	$	0	$	76,348		$	0	$	197,704
COSTS AND EXPENSES:
Direct operating expenses		0		59,111			0		154,369
Depreciation and amortization		0		0			0		6,758
General and administrative expenses		0		3,589			0		7,510
Other, net		0		(150	)		0		(337	)
Total costs and expenses, net		0		62,550			0		168,300
Income before taxes		0		13,798			0		29,404
Income tax expense		0		(5,515	)		0		(11,044	)
Net income	$	0	$	8,283		$	0	$	18,360