Industry Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

The following table provides certain information about the operations of each of our segments:



	Three Months Ended March 31,
	2013			2012
	(In thousands)
Revenues:
Oil and natural gas	$	153,609		$	135,765
Contract drilling	119,353			152,459
Elimination of inter-segment revenue	(11,825		)	(11,553		)
Contract drilling net of inter-segment revenue	107,528			140,906
Gas gathering and processing	80,156			74,255
Elimination of inter-segment revenue	(22,761		)	(16,960		)
Gas gathering and processing net of inter-segment revenue	57,395			57,295
Total revenues	$	318,532		$	333,966
Operating income:
Oil and natural gas	$	58,588		$	47,959
Contract drilling	24,266			43,405
Gas gathering and processing	829			4,548
Total operating income ⁽¹⁾	83,683			95,912
General and administrative expense	(8,673		)	(7,004		)
Loss on derivatives not designated as hedges and hedge ineffectiveness, net	(5,924		)	(1,993		)
Interest expense, net	(3,561		)	(1,826		)
Other	(150		)	455
Income before income taxes	$	65,375		$	85,544


(1)	Total operating income is total operating revenues less operating expenses, depreciation, depletion, and amortization and does not include non-operating revenues, general corporate expenses, interest expense, or income taxes.

- 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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