Industry Segments (Tables)

6 Months Ended

Jun. 30, 2012

Industry Segments (Tables)

Segment Reporting Table

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Revenues from external customers
Product sales
Fluids Division	$	72,739		$	68,430		$	134,271		$	127,934
Production Enhancement Division
Production Testing		-			-			-			-
Compressco		1,057			2,513			2,219			5,003
Total Production Enhancement Division		1,057			2,513			2,219			5,003
Offshore Division
Offshore Services		882			1,192			2,877			2,127
Maritech		1,104			33,155			3,644			76,749
Total Offshore Division		1,986			34,347			6,521			78,876
Consolidated	$	75,782		$	105,290		$	143,011		$	211,813
Services and rentals
Fluids Division	$	17,006		$	20,365		$	34,782		$	38,191
Production Enhancement Division
Production Testing		50,329			31,738			88,612			64,948
Compressco		24,201			19,813			45,721			39,207
Intersegment eliminations		-			-			-			-
Total Production Enhancement Division		74,530			51,551			134,333			104,155
Offshore Division
Offshore Services		79,794			86,060			122,894			136,840
Maritech		75			227			150			655
Intersegment eliminations		(12,403	)		(28,421	)		(19,715	)		(34,037	)
Total Offshore Division		67,466			57,866			103,329			103,458
Corporate overhead		125			42			250			42
Consolidated	$	159,127		$	129,824		$	272,694		$	245,846
Intersegment revenues
Fluids Division	$	102		$	34		$	127		$	48
Production Enhancement Division
Production Testing		-			1			-			1
Compressco		-			-			-			-
Total Production Enhancement Division		-			1			-			1
Offshore Division
Offshore Services		-			3			-			3
Maritech		-			-			-			-
Intersegment eliminations		-			-			-			-
Total Offshore Division		-			3			-			3
Intersegment eliminations		(102	)		(38	)		(127	)		(52	)
Consolidated	$	-		$	-		$	-		$	-
Total revenues
Fluids Division	$	89,847		$	88,829		$	169,180		$	166,173
Production Enhancement Division
Production Testing		50,329			31,739			88,612			64,949
Compressco		25,258			22,326			47,940			44,210
Intersegment eliminations		-			-			-			-
Total Production Enhancement Division		75,587			54,065			136,552			109,159
Offshore Division
Offshore Services		80,676			87,255			125,771			138,970
Maritech		1,179			33,382			3,794			77,404
Intersegment eliminations		(12,403	)		(28,421	)		(19,715	)		(34,037	)
Total Offshore Division		69,452			92,216			109,850			182,337
Corporate overhead		125			42			250			42
Intersegment eliminations		(102	)		(38	)		(127	)		(52	)
Consolidated	$	234,909		$	235,114		$	415,705		$	457,659

16

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Income (loss) before taxes and
discontinued operations
Fluids Division	$	13,959		$	11,545		$	25,424		$	18,794
Production Enhancement Division
Production Testing		11,170			5,988			16,847			15,071
Compressco		4,645			3,809			8,155			7,814
Total Production Enhancement Division		15,815			9,797			25,002			22,885
Offshore Division
Offshore Services		11,764			13,577			10,731			9,201
Maritech		(8,626	)		38,523			(10,707	)		34,003
Intersegment eliminations		-			1,588			-			1,747
Total Offshore Division		3,138			53,688			24			44,951
Corporate overhead		(14,472	)(1)		(27,476	)(1)		(30,258	)(1)		(43,117	)(1)
Consolidated	$	18,440		$	47,554		$	20,192		$	43,513

	June 30,
	2012			2011
	(In Thousands)
Total assets
Fluids Division	$	354,680		$	384,744
Production Enhancement Division
Production Testing		266,991			97,675
Compressco		211,276			218,020
Total Production Enhancement Division		478,267			315,695
Offshore Division
Offshore Services		225,722			167,749
Maritech		48,939			30,775
Intersegment eliminations		-			(55	)
Total Offshore Division		274,661			198,469
Corporate overhead		91,162	(2)		352,044	(2)
Consolidated	$	1,198,770		$	1,250,952

(1) Amounts reflected include the following general corporate expenses:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(In Thousands)
General and administrative expense	$	9,246	$	8,282	$	19,158	$	18,650
Depreciation and amortization		864		729		1,733		1,414
Interest expense		4,045		4,140		8,236		8,494
Other general corporate (income) expense, net		317		14,325		1,131		14,559
Total	$	14,472	$	27,476	$	30,258	$	43,117

(2) Includes assets of discontinued operations.