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Acquisitions
6 Months Ended
Jun. 30, 2011
Acquisitions

3. Acquisitions

On October 1, 2010, two subsidiaries of the Company, Universal Pressure Pumping, Inc. and Universal Wireline, Inc., completed the acquisition of certain assets from Key Energy Pressure Pumping Services, LLC and Key Electric Wireline Services, LLC relating to the businesses of providing pressure pumping services and electric wireline services to participants in the oil and natural gas industry. This acquisition expanded the Company’s pressure pumping operations to additional markets primarily in Texas. As discussed in Note 2, the electric wireline business was classified as held for sale at December 31, 2010 and was subsequently sold on January 27, 2011. Results of operations of the acquired pressure pumping business are included in the Company’s consolidated results of operations from the date of acquisition. The consolidated statement of operations includes revenues from the acquired pressure pumping business of $99.6 million and $196 million for the three and six months ended June 30, 2011, respectively. The consolidated statement of operations includes income from operations from the acquired pressure pumping business of $22.3 million and $49.9 million for the three and six months ended June 30, 2011, respectively.