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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Operating revenues:    
Oil and natural gas$ 11,837$ 6,800$ 35,678$ 21,564
Total operating revenues673,828378,6631,841,296957,253
Operating costs and expenses:    
Contract drilling264,418174,999701,871459,448
Pressure pumping149,57751,305397,018132,401
Oil and natural gas2,3061,4846,4065,326
Depreciation, depletion, amortization and impairment110,71385,431309,677239,930
Selling, general and administrative15,95713,68548,68137,491
Net (gain) loss on asset disposals(1,437)[1](250)[1](4,058)[1](21,940)[1]
Provision for bad debts (500) (1,500)
Total operating costs and expenses541,534326,1541,459,595851,156
Operating income132,29452,509381,701106,097
Other income (expense):    
Interest income47641351,631
Interest expense(3,835)(6,227)(11,238)(9,011)
Other375260572509
Total other expense(3,413)(5,903)(10,531)(6,871)
Income from continuing operations before income taxes128,88146,606371,17099,226
Income tax expense (benefit):    
Current6,795(1,748)25,826(4,230)
Deferred40,15818,980110,15940,368
Total income tax expense46,95317,232135,98536,138
Income from continuing operations81,92829,374235,18563,088
Loss from discontinued operations, net of income taxes  (367) 
Net income81,92829,374234,81863,088
Basic income (loss) per common share:    
Income from continuing operations$ 0.53$ 0.19$ 1.52$ 0.41
Loss from discontinued operations, net of income taxes$ 0.00$ 0.00$ 0.00$ 0.00
Basic net income per common share$ 0.53$ 0.19$ 1.52$ 0.41
Diluted income (loss) per common share:    
Income from continuing operations$ 0.53$ 0.19$ 1.50$ 0.41
Loss from discontinued operations, net of income taxes$ 0.00$ 0.00$ 0.00$ 0.00
Diluted net income per common share$ 0.53$ 0.19$ 1.50$ 0.41
Weighted average number of common shares outstanding:    
Basic152,617152,933153,661152,682
Diluted154,120154,109155,369152,682
Cash dividends per common share$ 0.05$ 0.05$ 0.15$ 0.15
Contract Drilling
    
Operating revenues:    
Oil and gas services436,827290,7591,200,664741,470
Pressure Pumping
    
Operating revenues:    
Oil and gas services$ 225,164$ 81,104$ 604,954$ 194,219
[1]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.