View Filing Data

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 02, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	Superior Energy Services Inc
Entity Central Index Key	0000886835
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		157,696,044
Entity Well-known Seasoned Issuer	Yes
Trading Symbol	spn
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 79,086	$ 80,274	$ 210,181	$ 50,727
Accounts receivable, net of allowance for doubtful accounts of $17,392 and $17,484 at June 30, 2012 and December 31, 2011, respectively	1,129,714	540,602
Deferred Tax Assets, Net, Current	31,306
Income tax receivable
Prepaid expenses	102,206	34,037
Inventory and other current assets	180,197	228,309
Available-for-sale Securities, Equity Securities, Current	20,321
Total current assets	1,542,830	883,222
Property, plant and equipment, net of accumulated depreciation and depletion of $984,221 and $970,137 at June 30, 2012 and December 31, 2011, respectively	3,163,273	1,507,368
Goodwill	2,528,312	581,379
Notes receivable	44,129	73,568
Investments in Subsidiaries
Equity-method investments		72,472
Intangible and other long-term assets, net of accumulated amortization of $26,174 and $20,123 at June 30, 2012 and December 31, 2011, respectively	511,074	930,136
Total assets	7,789,618	4,048,145
Current liabilities:
Accounts payable	268,812	178,645
Accrued expenses	360,647	197,574
Income taxes payable	148,857	717
Deferred income taxes		831
Current portion of decommissioning liabilities		14,956	17,090
Current maturities of long-term debt	20,000	810
Total current liabilities	798,316	393,533
Deferred income taxes	727,034	297,458
Decommissioning liabilities	91,012	108,220	$ 105,372
Long-term debt, net	1,909,416	1,685,087
Intercompany Payables or Receivables
Other long-term liabilities	114,771	110,248
Stockholders' equity:
Preferred stock of $0.01 par value. Authorized, 5,000,000 shares; none issued
Common stock of $0.001 par value. Authorized - 250,000,000, Issued - 156,920,904, Outstanding - 157,516,128 at June 30, 2012 Authorized - 125,000,000, Issued and Outstanding, 82,425,443 at December 31, 2011	157	80
Additional paid in capital	2,846,236	447,007
Accumulated other comprehensive loss, net	(20,432)	(26,936)
Retained earnings	1,323,108	1,033,448
Total stockholders' equity	4,149,069	1,453,599
Total liabilities and stockholders' equity	$ 7,789,618	$ 4,048,145

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 23,456	$ 17,484
Accumulated depreciation and depletion on Property, plant and equipment	1,220,148	970,137
Accumulated amortization of Intangible and other long-term assets	$ 43,994	$ 20,123
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	125,000,000
Common stock, shares issued	157,190,721	80,425,443
Common stock, shares outstanding	157,702,507	80,425,443

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]
Revenues	$ 1,179,665	$ 537,042	$ 3,389,821	$ 1,401,932
Costs and expenses:
Cost of services (exclusive of items shown separately below)	708,608	285,124	1,966,659	752,813
Depreciation, depletion, amortization and accretion	128,160	61,807	366,272	177,651
General and administrative expenses	163,458	93,813	496,998	272,243
Income from operations	179,439	96,298	559,892	199,225
Other income (expense):
Interest expense, net	(28,118)	(18,894)	(88,101)	(47,309)
Gains (Losses) on Extinguishment of Debt	(2,294)		(2,294)
Intercompany Interest Expense Net
Earnings Losses from Consolidated Subsidiaries
Earnings (losses) from equity-method investments, net		8,198	(287)	13,724
Gain loss from Equity method investment			17,880
Income from continuing operations before income taxes	149,027	85,602	487,090	165,640
Income taxes	55,140	30,803	180,223	59,589
Net income (loss) from continuing operations	93,887	54,799	306,867	106,051
Income (loss) from discontinued operations, net of tax		4,781	(17,207)	17,141
Net income	$ 93,887	$ 59,580	$ 289,660	$ 123,192
Earnings per share information:
Continuing operations	$ 0.60	$ 0.69	$ 2.09	$ 1.33
Discontinued operations		0.06	(0.11)	0.22
Basic earnings per share	0.60	0.75	1.98	1.55
Continuing operations	0.59	0.67	2.07	1.31
Discontinued operations		0.06	(0.12)	0.21
Diluted earnings per share	$ 0.59	$ 0.73	$ 1.95	$ 1.52
Weighted average common shares used in computing earnings per share:
Basic	157,153	79,836	146,611	79,537
Incremental common shares from stock based compensation	1,423	1,418	1,758	1,588
Diluted	158,576	81,254	148,369	81,125

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statement of Comprehensive Income [Abstract]
Net income	$ 93,887	$ 59,580	$ 289,660	$ 123,192
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,198		(642)
Change in cumulative translation adjustment	7,216	(6,027)	7,146	2,539
Comprehensive income	$ 103,301	$ 53,553	$ 296,164	$ 125,731

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

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+ Details

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Consolidated Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	$ (1,291)	$ 377

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income	$ 289,660	$ 123,192
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	367,518	187,552
Deferred income taxes	(14,745)	38,900
Excess tax benefit from stock-based compensation	(1,537)	(10,262)
Gain loss from Equity method investment	(17,880)
Stock based and performance share unit compensation expense	27,845	10,273
Retirement and deferred compensation plan expense	1,455	1,994
Earnings Losses from Consolidated Subsidiaries
(Earnings) losses from equity-method investments, net of cash received	3,340	(12,187)
Amortization of debt acquisition costs and note discount	7,439	19,333
(Gain) loss sale of business	6,649	(8,558)
Writeoff of debt acquisition costs and note discount	3,460
Other reconciling items, net	1,582	(4,659)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable	(144,316)	(28,599)
Inventory and other current assets	85,119	11,415
Accounts payable	(757)	3,064
Accrued expenses	(29,835)	27,207
Decommissioning liabilities	(4,624)
Income taxes	141,916	777
Other, net	(25,701)	2,683
Net Cash Provided by (Used in) Operating Activities, Total	696,588	362,125
Cash flows from investing activities:
Payments for capital expenditures	(918,193)	(329,229)
Proceeds from Sale of Available-for-sale Securities, Equity	31,150
Purchase of short-term investments, net.		(223,491)
Change in restricted cash held for acquisition of business	785,280
Acquisitions of businesses, net of cash acquired	(1,072,532)	(748)
Cash proceeds from sale of businesses	183,094	22,349
Proceeds from Sale of Equity Method Investments	34,087
Other	28,438	(720)
Net Cash Provided by (Used in) Investing Activities, Total	(928,676)	(531,839)
Cash flows from financing activities:
Net payments on revolving line of credit	15,000	(175,000)
Proceeds from issuance of long-term debt	400,000	500,000
Principal payments of long-term debt	(172,546)	(405)
Payment of debt acquisition costs	(25,266)	(9,558)
Proceeds from exercise of stock options	13,915	10,211
Excess tax benefit from stock-based compensation	1,537	10,262
Proceeds from issuance of stock through employee benefit plans	2,193	1,702
Other	(5,843)	(8,453)
Net Cash Provided by (Used in) Financing Activities, Total	228,990	328,759
Effect of exchange rate changes on cash	1,910	409
Net increase in cash and cash equivalents	(1,188)	159,454
Cash and cash equivalents at beginning of period	80,274	50,727
Cash and cash equivalents at end of period	$ 79,086	$ 210,181

Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis of Presentation [Abstract]

Basis of Presentation

(1)	Basis of Presentation

Certain information and footnote disclosures normally in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission; however, management believes the disclosures that are made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Superior Energy Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2011, except the portions updated by the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 15, 2012, and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein.

The financial information of Superior Energy Services, Inc. and subsidiaries (the Company) for the three and nine months ended September 30, 2012 and 2011 has not been audited. However, in the opinion of management, all adjustments necessary to present fairly the results of operations for the periods presented have been included therein. The results of operations for the first nine months of the year are not necessarily indicative of the results of operations that might be expected for the entire year. Certain previously reported amounts have been reclassified to conform to the 2012 presentation.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

Acquisitions

9 Months Ended

Sep. 30, 2012

Acquisitions [Abstract]

Acquisitions

(1)	Acquisitions

Complete Production Services

On February 7, 2012, the Company acquired Complete Production Services, Inc. (Complete) in a cash and stock merger transaction valued at approximately $2,914.8 million. Complete focuses on providing specialized completion and production services and products that help oil and gas companies develop hydrocarbon reserves, reduce costs and enhance production. Complete’s operations are located throughout the U.S. and Mexico. The acquisition of Complete substantially expanded the size and scope of services of the Company. Management believes that this acquisition positions the combined company to be better equipped to compete with the larger oilfield service companies and to expand internationally. All of Complete’s operations have been reported in the subsea and well enhancement segment.

Pursuant to the merger agreement, Complete stockholders received 0.945 of a share of the Company’s common stock and $7.00 cash for each share of Complete’s common stock outstanding at the time of the acquisition. In total, the Company paid approximately $553.3 million in cash and issued approximately 74.7 million shares valued at approximately $2,308.2 million (based on the closing price of the Company’s common stock on the acquisition date of $30.90). Additionally, the Company paid $676.0 million, inclusive of a $26.0 million prepayment premium, to redeem $650 million of Complete’s 8.0% senior notes. The Company also assumed all outstanding stock options and shares of non-vested and unissued restricted stock held by Complete’s employees and directors at the time of acquisition.

Complete’s stock options and shares of restricted stock outstanding at closing were converted into the Company’s options and restricted stock using a conversion ratio of 1.1999. The estimated fair value associated with the Company’s options issued in exchange for Complete’s options was approximately $58.1 million based on a Black-Scholes valuation model. $56.6 million of this value was attributable to service rendered prior to the date of acquisition, of which $52.7 million was recorded as part of the consideration transferred and $3.9 million was recorded as an expense. The remaining $1.5 million will be expensed over the remaining service term of the replacement stock option awards. In addition, $0.6 million of replacement restricted stock awards was attributable to service rendered prior to the date of acquisition and recorded as part of the consideration transferred. An additional $18.2 million will be expensed over the remaining service term of the replacement restricted stock awards.

The transaction has been accounted for using the acquisition method of accounting which requires that, among other things, assets acquired and liabilities assumed be recorded at their fair values as of the acquisition date. The Company has not finalized the determination of the fair values of the assets acquired and liabilities assumed and, therefore, the fair values set forth are subject to adjustment as the valuations are completed. Under U.S. GAAP, companies have up to one year following an acquisition to finalize acquisition accounting. The following table summarizes the consideration paid and the provisional fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):



Assets:
Current assets		$ 751,706
Property, plant and equipment		1,223,448
Goodwill		1,922,277
Intangible and other long-term assets		370,377

Liabilities:
Current liabilities		236,986
Deferred income taxes		435,904
Other long-term liabilities		4,125

Net assets acquired		$ 3,590,793

Included in current assets acquired is approximately $214.6 million of cash, and accounts receivable, including unbilled receivables, with a fair value of approximately $443.7 million. The gross amount due from customers is approximately $449.0 million, of which approximately $5.3 million is deemed to be doubtful.

Property, Plant and Equipment

A step-up adjustment of approximately $45.8 million was recorded to present property, plant and equipment acquired at its estimated fair value. The preliminary weighted average useful life used to calculate depreciation of the step-up related to property, plant and equipment is approximately 5 years.

Goodwill

Goodwill of approximately $1,922.3 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. It includes access to new product and service offerings, an experienced management team and workforce, and other benefits that the Company believes will result from the combination of the operations, and any other intangible assets that do not qualify for separate recognition. None of the goodwill related to this acquisition will be deductible for tax purposes. All of the goodwill has been assigned to the subsea and well enhancement segment.

Intangible Assets

The Company identified intangible assets related to trade names and customer relationships. The following table summarizes the fair value estimates recorded for the identifiable intangible assets (in thousands) and their estimated useful lives:



	Estimated Fair Value	Estimated Useful Life

Customer relationships	$ 315,000	17 years
Trade names	35,000	10 years

Total identifiable intangible assets	$ 350,000

Deferred Income Taxes

The Company provided deferred income taxes and other tax liabilities as part of the acquisition accounting related to the estimated fair value of acquired intangible assets and property, plant and equipment, as well as for uncertain tax positions taken in prior year tax returns. An adjustment of approximately $132.0 million was recorded to present the deferred tax assets and liabilities and other tax liabilities at fair value. The Company is still assessing the factors that impact deferred tax assets and liabilities related to this acquisition. These assets and liabilities will be revised when the assessment is finalized.

Acquisition Related Expenses

Acquisition related expenses totaled approximately $33.5 million, of which approximately $29.0 million was recorded in the nine months ended September 30, 2012. The remainder was recorded in the three months ended December 31, 2011. These acquisition related costs include expenses directly related to acquiring Complete and have been recorded in general and administrative expenses.

Other Acquisitions

In August 2012, the Company acquired 100% of the equity interest in a company that provides mechanical wireline, electric line and well testing services to the oil and gas exploration and production industry in Argentina. This acquisition provides the Company with a platform for the continued expansion in the South American market area. The Company paid $25.5 million at closing with an additional $5.6 million payable based upon the finalized shareholders’ equity as of the closing date. The Company has also recorded a current liability of approximately $4.5 million for contingent consideration based upon certain performance metrics. Additionally, the Company deposited $8.0 million in an escrow account on behalf of the sellers for the settlement of certain liabilities. Goodwill of approximately $22.6 million was recognized as a result of this acquisition and was calculated as the excess of the consideration paid over the net assets recognized and represents estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill related to this acquisition will be deductible for tax purposes. All of the goodwill has been assigned to the subsea and well enhancement segment.

Current Earnings and Pro Forma Impact of Acquisitions

The revenue and earnings related to Complete and certain other acquisitions included in the Company’s condensed consolidated statement of operations for the three and nine months ended September 30, 2012, and the revenue and earnings of the Company on a consolidated basis as if these acquisitions had occurred on January 1, 2011, are as follows. The earnings related to Complete and certain other acquisitions included in the Company’s condensed consolidated statement of operations for the nine months ended September 30, 2012 do not include interest expense or other corporate costs. The pro forma results include (i) the amortization associated with the acquired intangible assets, (ii) additional depreciation expense related to adjustments to property, plant and equipment, (iii) additional interest expense associated with debt used to fund a portion of the acquisitions, (iv) a reduction to interest expense associated with repayment of the acquirees’ debt, and (v) operating results of certain acquisitions of Complete prior to February 7, 2012, including costs directly related to these acquisitions. For the nine months ended September 30, 2012, these pro forma results exclude approximately $79.0 million of non-recurring expenses, of which $48.4 million was recorded by Complete prior to February 7, 2012. These nonrecurring expenses include banking, legal, consulting and accounting fees, and change of control and other acquisition related expenses. The pro forma results do not include any potential synergies, cost savings or other expected benefits of the acquisition. Accordingly, the pro forma results should not be considered indicative of the results that would have occurred if the acquisition and related borrowings had been consummated as of January 1, 2011, nor are they indicative of future results. The following amounts are presented in thousands, except per share amounts:



	Revenue	Net income from continuing operations	Basic earnings per share	Diluted earnings per share


Actual results of acquisitions from date
of acquisitions through September 30, 2012	$ 1,644,736	$ 195,924	$ 1.34	$ 1.32

Supplemental pro forma for the Company:

Three months ended September 30, 2012	$ 1,186,161	$ 95,184	$ 0.61	$ 0.60

Nine months ended September 30, 2012	$ 3,678,070	$ 350,297	$ 2.24	$ 2.21

Three months ended September 30, 2011	$ 1,114,552	$ 111,083	$ 0.72	$ 0.71

Nine months ended September 30, 2011	$ 3,003,020	$ 249,724	$ 1.62	$ 1.60

The Company has no off-balance sheet financing arrangements other than potential additional consideration that may be payable as a result of the future operating performance of certain acquired businesses. At September 30, 2012, the maximum additional consideration payable was approximately $14.0 million, of which $3.0 million is attributable to an acquisition that occurred before the Company adopted the revised authoritative guidance for business combinations. Therefore, this $3.0 million is not classified as a liability and is not reflected in the Company’s condensed consolidated financial statements until this amount is fixed and determinable. When this amount is determined, it will be capitalized as part of the purchase price of the related acquisition.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Dispositions

6 Months Ended

9 Months Ended

Jun. 30, 2012

Sep. 30, 2012

Dispositions [Abstract]

Dispositions

(1)	Dispositions

On February 15, 2012, the Company sold one of its derrick barges and received proceeds of approximately $44.5 million, inclusive of selling costs. The Company recorded a pre-tax loss of approximately $3.1 million, inclusive of approximately $9.7 million of goodwill, during the nine months ended September 30, 2012 in connection with this sale. This business was previously reported in the subsea and well enhancement segment. The operations and loss on the sale of this disposal group have been reported within income (loss) from discontinued operations in the condensed consolidated statement of operations for all periods presented.

On March 30, 2012, the Company sold 18 liftboats and related assets comprising its marine segment. The Company received cash proceeds of approximately $138.6 million, inclusive of working capital and selling costs. In connection with the sale, the Company repaid approximately $12.5 million in U.S. Government guaranteed long-term financing (see note 9). Additionally, the Company paid approximately $4.0 million of make-whole premiums and wrote off approximately $0.7 million of unamortized loan costs as a result of this repayment. The Company’s total pre-tax loss on the disposal of this segment was approximately $56.1 million, which includes a $46.1 million write off of long-lived assets and goodwill that was recorded in the fourth quarter of 2011 in order to approximate the segment’s indicated fair value and an additional loss of $10.0 million recorded in the first quarter of 2012, comprised of an approximate $3.6 million loss on sale of assets and approximately $6.4 million of additional costs related to the disposition. During the nine months ended September 30, 2011, the Company sold seven liftboats from the marine segment for approximately $22.3 million, net of sales commissions, and recorded a pre-tax gain of approximately $8.6 million. The operations and loss on the sale of this disposal group have been reported within income (loss) from discontinued operations in the condensed consolidated statement of operations for all periods presented.

The following table summarizes the components of income (loss) from discontinued operations, net of tax for the three months ended September 30, 2011 and nine months ended September 30, 2012 and 2011 (in thousands):



	Three Months	Nine Months
	2011	2012	2011

Revenues	$ 28,300	$ 16,231	$ 88,198

Income (loss) from discontinued operations before income tax	7,492	(8,249)	18,291

Income tax expense (benefit)	2,711	(1,771)	6,605

Gain (loss) on disposition, net of tax (benefit) expense of ($2,391)
for the nine months ended September 30, 2012, and $3,103
for the nine months ended September 30, 2011, respectively	-	(10,729)	5,455

Income (loss) from discontinued operations, net of tax	$ 4,781	$ (17,207)	$ 17,141

The following table presents the assets and liabilities of these disposal groups at December 31, 2011 (in thousands):

(1)	Dispositions



	Three Months	Nine Months
	2011	2012	2011

Revenues	$ 28,300	$ 16,231	$ 88,198

Income (loss) from discontinued operations before income tax	7,492	(8,249)	18,291

Income tax expense (benefit)	2,711	(1,771)	6,605

Gain (loss) on disposition, net of tax (benefit) expense of ($2,391)
for the nine months ended September 30, 2012, and $3,103
for the nine months ended September 30, 2011, respectively	-	(10,729)	5,455

Income (loss) from discontinued operations, net of tax	$ 4,781	$ (17,207)	$ 17,141

The following table presents the assets and liabilities of these disposal groups at December 31, 2011 (in thousands):



Accounts receivable, net		$ 16,342
Prepaid expenses		1,900
Inventory and other current assets		2,371
Current assets of discontinued operations		$ 20,613

Property, plant and equipment, net		170,222
Goodwill		9,740
Intangible and other long-term assets, net		3,875
Long-term assets of discontinued operations		$ 183,837

Accounts payable		$ 1,231
Accrued expenses		13,421
Current maturities of long-term debt		810
Current liabilities of discontinued operations		$ 15,462

Long-term debt		$ 11,736

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Stock Based Compensation and Retirement Plans

9 Months Ended

Sep. 30, 2012

Stock Based Compensation and Retirement Plans [Abstract]

Stock Based Compensation and Retirement Plans

(1)	Stock-Based Compensation and Retirement Plans

The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers, directors, consultants and advisors (Eligible Participants). Under the incentive plans, the Company may grant incentive stock options, non-qualified stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants.

Stock Options

The Company has issued non-qualified stock options under its stock incentive plans. The options generally vest in equal installments over three years and expire in ten years. Non-vested options are generally forfeited upon termination of employment. The Company’s compensation expense related to stock options for the nine months ended September 30, 2012 and 2011 was approximately $3.8 million and $2.5 million, respectively, which is reflected in general and administrative expenses.

Restricted Stock

The Company has issued shares of restricted stock under its stock incentive plans. Shares of restricted stock generally vest in equal annual installments over three years. Non-vested shares are generally forfeited upon the termination of employment. With the exception of the non-vested shares of restricted stock issued as a result of the Complete acquisition, holders of shares of restricted stock are entitled to all rights of a stockholder of the Company with respect to the restricted stock, including the right to vote the shares and receive any dividends or other distributions. The Company’s compensation expense related to restricted stock for the nine months ended September 30, 2012 and 2011 was approximately $13.1 million and $4.3 million, respectively, which is reflected in general and administrative expenses and cost of services.

Restricted Stock Units

The Company has issued restricted stock units (RSUs) to its non-employee directors under its stock incentive plans. Annually, each non-employee director is issued a number of RSUs having an aggregate dollar value determined by the Company’s Board of Directors. An RSU represents the right to receive from the Company, within 30 days of the date the director ceases to serve on the Board, one share of the Company’s common stock. The Company’s expense related to RSUs for the nine months ended September 30, 2012 and 2011 was approximately $1.9 million and $0.9 million, respectively, which is reflected in general and administrative expenses.

Performance Share Units

The Company has issued performance share units (PSUs) to its employees as part of the Company’s long-term incentive program. There is a three-year performance period associated with each PSU grant. The two performance measures applicable to all participants are the Company’s return on invested capital and total stockholder return relative to those of the Company’s pre-defined “peer group.” If the participant has met specified continued service requirements, the PSUs will settle in cash or a combination of cash and up to 50% of equivalent value in the Company’s common stock, at the discretion of the compensation committee. The Company’s compensation expense related to all outstanding PSUs for the nine months ended September 30, 2012 and 2011 was approximately $8.6 million and $2.3 million, respectively, which is reflected in general and administrative expenses. The Company has recorded both current and long-term liabilities for this liability-based compensation award. During the nine month period ended September 30, 2012, the Company issued approximately 43,300 shares of its common stock and paid approximately $2.7 million in cash to its employees to settle PSUs for the three year performance period ended December 31, 2011. During the nine month period ended September 30, 2011, the Company issued approximately 67,300 shares of its common stock and paid approximately $2.8 million in cash to its employees to settle PSUs for the three year performance period ended December 31, 2010.

Employee Stock Purchase Plan

The Company has an employee stock purchase plan under which an aggregate of 1,000,000 shares of common stock were reserved for issuance. Under this stock purchase plan, eligible employees can purchase shares of the Company’s common stock at a discount. The Company received approximately $2.2 million and $1.7 million related to shares issued under this plan for the nine months ended September 30, 2012 and 2011, respectively. For the nine month periods ended September 30, 2012 and 2011, the Company recorded compensation expense of approximately $0.4 million and $0.3 million, respectively, which is reflected in general and administrative expenses. Additionally, the Company issued approximately 109,000 shares and 57,000 shares in the nine months ended September 30, 2012 and 2011, respectively, related to this stock purchase plan.

Deferred Compensation Plans

The Company has a non-qualified deferred compensation plan which allows certain highly compensated employees to defer up to 75% of their base salary, up to 100% of their bonus, and up to 100% of the cash portion of their PSU compensation to the plan. The Company also has a non-qualified deferred compensation plan for its non-employee directors which allows each director to defer up to 100% of their cash compensation paid by the Company to the plan. Additionally, participating directors may defer up to 100% of the shares of common stock they are entitled to receive in connection with the payout of RSUs. Under each plan, payments are made to participants based on their annual enrollment elections and plan balance. Participants earn a return on their deferred compensation that is based on hypothetical investments in certain mutual funds. Changes in market value of these hypothetical participant investments are reflected as an adjustment to the deferred compensation liability of the Company with an offset to compensation expense (see note 15).

Supplemental Executive Retirement Plan

The Company has a supplemental executive retirement plan (SERP). The SERP provides retirement benefits to the Company’s executive officers and certain other designated key employees. The SERP is an unfunded, non-qualified defined contribution retirement plan, and all contributions under the plan are unfunded credits to a notional account maintained for each participant. Under the SERP, the Company will generally make annual contributions to a retirement account based on age and years of service. The Company may also make discretionary contributions to a participant’s account. The Company recorded compensation expense of approximately $2.1 million and $1.4 million in general and administrative expenses for the nine months ended September 30, 2012 and 2011, respectively.

Inventory and Other Current Assets

9 Months Ended

Sep. 30, 2012

Inventory and Other Current Assets [Abstract]

Inventory and Other Current Assets

(1)	Inventory and Other Current Assets

Inventory and other current assets includes approximately $132.1 million and $83.1 million of inventory at September 30, 2012 and December 31, 2011, respectively. The Company’s inventory balance at September 30, 2012 consisted of approximately $51.0 million of finished goods, $5.3 million of work-in-process, $4.7 million of raw materials and $71.1 million of supplies and consumables. The Company’s inventory balance at December 31, 2011 consisted of approximately $39.0 million of finished goods, $2.3 million of work-in-process, $5.4 million of raw materials and $36.4 million of supplies and consumables. Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables consist principally of products used in our services provided to customers.

Additionally, inventory and other current assets include approximately $10.7 million and $133.4 million of costs incurred and estimated earnings in excess of billings on uncompleted contracts at September 30, 2012 and December 31, 2011, respectively. The Company follows the percentage-of-completion method of accounting for applicable contracts.

Available for Sale Securities

9 Months Ended

Sep. 30, 2012

Available-for-sale Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

(1)	Available-for-Sale Securities

On April 17, 2012, SandRidge Energy Inc. (NYSE: SD) (SandRidge) completed its acquisition of Dynamic Offshore, at which time the Company received approximately $34.1 million in cash and approximately $51.6 million in shares of SandRidge stock (approximately 7.0 million shares valued at $7.33 per share) in consideration for its 10% interest in Dynamic Offshore. In accordance with authoritative guidance related to equity securities, the Company is accounting for the shares received through this transaction as available-for-sale securities. The changes in fair values, net of applicable taxes, on available-for-sale securities are recorded as unrealized holding gains (losses) on securities as a component of accumulated other comprehensive loss in shareholders' equity. During the three months ended September 30, 2012, the Company sold approximately 4.1 million shares for approximately $31.1 million, resulting in a realized gain of approximately $0.9 million. In connection with these sales, the Company reversed approximately $3.1 million of previously recorded unrealized losses, of which approximately $2.0 million was reclassified out of accumulated other comprehensive loss.

The fair value of the remaining 2.9 million shares at September 30, 2012 was approximately $20.3 million. During the three months ended September 30, 2012, the Company recorded an unrealized gain related to the fair value of these securities of $3.5 million, of which $2.2 million was reported within accumulated other comprehensive loss, net of tax expense of $1.3 million. During the nine months ended September 30, 2012, the Company recorded an unrealized loss on these securities of approximately $1.0 million, of which approximately $0.6 million was reported within accumulated other comprehensive loss, net of tax benefit of approximately $0.4 million. The Company evaluates whether unrealized losses on investments in securities are other-than-temporary, and if it is believed the unrealized losses are other-than-temporary, an impairment charge is recorded. There were no other-than-temporary impairment losses recognized during the nine months ended September 30, 2012.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 3, 19, 20, 21, 22, 137
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Equity-Method Investments

9 Months Ended

Sep. 30, 2012

Equity-Method Investments [Abstract]

Equity-Method Investments

(1)	Equity-Method Investments

Investments in entities that are not controlled by the Company, but where the Company has the ability to exercise influence over the operations, are accounted for using the equity-method. The Company’s share of the income or losses of these entities is reflected as earnings (losses) from equity-method investments on its condensed consolidated statements of operations.

Prior to March 2011, the Company had separate equity-method investments in SPN Resources, LLC (SPN Resources) and DBH, LLC (DBH). In March 2011, the Company contributed all of its equity interests in SPN Resources and DBH to Dynamic Offshore, the majority owner of both SPN Resources and DBH, in exchange for a 10% interest in Dynamic Offshore. In April 2012, SandRidge acquired Dynamic Offshore (see note 6). The Company recorded a gain in the second quarter of 2012 of approximately $17.9 million as a result of this transaction.

The Company’s equity interest in Dynamic Offshore was accounted for as an equity-method investment with a balance of approximately $70.6 million at December 31, 2011. The Company recorded losses from its equity-method investment in Dynamic Offshore of approximately $0.3 million and income of approximately $12.4 million for the nine and seven months ended September 30, 2012 and 2011, respectively.

The Company, where possible and at competitive rates, provides its products and services to assist Dynamic Offshore in producing and developing its oil and gas properties. The Company had a receivable from Dynamic Offshore of approximately $9.8 million at December 31, 2011. The Company also recorded revenue from Dynamic Offshore of approximately $15.5 million and $31.4 million for the nine and seven months ended September 30, 2012 and 2011, respectively. Additionally, the Company had a receivable from Dynamic Offshore of approximately $14.0 million as of December 31, 2011 related to its share of oil and natural gas commodity sales and production handling arrangement fees.

The Company recorded earnings from its equity-method investment in SPN Resources of approximately $0.2 million and recorded earnings from its equity-method investment in DBH of approximately $0.9 million for the two months ended February 28, 2011. The Company also recorded revenue from SPN Resources of approximately $0.3 million and from DBH of approximately $0.9 million for the two months ended February 28, 2011.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References + Details

Long-Term Contracts

9 Months Ended

Sep. 30, 2012

Long-Term Contracts [Abstract]

Long-Term Contracts

(1)	Long-Term Contracts

In 2010, the Company’s wholly owned subsidiary, Wild Well Control, Inc. (Wild Well), acquired 100% ownership of Shell Offshore, Inc.’s Gulf of Mexico Bullwinkle platform and its related assets, and assumed the related decommissioning obligations. In accordance with the asset purchase agreement with Shell Offshore, Inc., Wild Well obtained a $50.0 million performance bond and funded $50.0 million into an escrow account. Included in intangible and other long-term assets, net is escrowed cash of $50.4 million and $50.2 million at September 30, 2012 and December 31, 2011, respectively.

In December 2007, Wild Well entered into contractual arrangements pursuant to which it decommissioned seven downed oil and gas platforms and related well facilities located in the Gulf of Mexico for a fixed sum of $750 million. The contract contained certain covenants primarily related to Wild Well’s performance of the work. As of September 30, 2012, the work on this project was complete, and all amounts to be collected are included in accounts receivable in the consolidated balance sheet. At December 31, 2011, there were approximately $129.7 million of costs and estimated earnings in excess of billings related to this contract included in other current assets.

- Definition

The entire disclosure for long-term contracts or programs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 912
-SubTopic 275
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6471736&loc=d3e54651-109401

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(d))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 912
-SubTopic 405
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6471944&loc=d3e56414-109416

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 35
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6407836&loc=d3e58033-111643

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 6
-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 45
-Paragraph 12, 15, 16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 81-1
-Paragraph 94
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section C
-Chapter 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Chapter 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Chapter 11
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Debt

9 Months Ended

Sep. 30, 2012

Debt [Abstract]

Debt

(1)

Debt

On February 7, 2012, in connection with the Complete acquisition, the Company amended its bank credit facility to increase the revolving borrowing capacity to $600.0 million from $400.0 million, and to include a $400.0 million term loan. The principal balance of the term loan is payable in installments of $5.0 million on the last day of each fiscal quarter, which began on June 30, 2012. Any amounts outstanding on the revolving credit facility and the term loan are due on February 7, 2017. Costs associated with the bank credit facility totaled approximately $24.7 million. These costs have been capitalized and will be amortized over the term of the credit facility.

At September 30, 2012, the Company had approximately $90.0 million outstanding under the revolving credit facility. The Company also had approximately $49.3 million of letters of credit outstanding, which reduce the Company’s borrowing availability under this portion of the credit facility. Amounts borrowed under the credit facility bear interest at LIBOR plus margins that depend on the Company’s leverage ratio. Indebtedness under the credit facility is secured by substantially all of the Company’s assets, including the pledge of the stock of the Company’s principal domestic subsidiaries. The credit facility contains customary events of default and requires that the Company satisfy various financial covenants. It also limits the Company’s ability to pay dividends or make other distributions, make acquisitions, make changes to the Company’s capital structure, create liens or incur additional indebtedness. At September 30, 2012, the Company was in compliance with all such covenants.

In August 2012, the Company redeemed $150 million, or 50%, of the principal amount of its $300 million 6 7/8% unsecured senior notes due 2014 at 100% of face value. This redemption resulted in a loss on early extinguishment of debt of approximately $2.3 million related to the writeoff of debt acquisition costs and note discount. The indenture governing the remaining $150 million 6 7/8% senior notes outstanding requires semi-annual interest payments on June 1^st and December 1^st of each year through the maturity date of June 1, 2014. The indenture contains certain covenants that, among other things, limit the Company from incurring additional debt, repurchasing capital stock, paying dividends or making other distributions, incurring liens, selling assets or entering into certain mergers or acquisitions. At September 30, 2012, the Company was in compliance with all such covenants.

The Company has outstanding $500 million of 6 3/8% unsecured senior notes due 2019. The indenture governing the 6 3/8% senior notes requires semi-annual interest payments on May 1^st and November 1^stof each year through the maturity date of May 1, 2019. The indenture contains certain covenants that, among other things, limit the Company from incurring additional debt, repurchasing capital stock, paying dividends or making other distributions, incurring liens, selling assets or entering into certain mergers or acquisitions. At September 30, 2012, the Company was in compliance with all such covenants.

The Company also has outstanding $800 million of 7 1/8% unsecured senior notes due 2021. The indenture governing the 7 1/8% senior notes requires semi-annual interest payments on June 15^th and December 15^thof each year through the maturity date of December 15, 2021. The indenture contains certain covenants that, among other things, limit the Company from incurring additional debt, repurchasing capital stock, paying dividends or making other distributions, incurring liens, selling assets or entering into certain mergers or acquisitions. At September 30, 2012, the Company was in compliance with all such covenants.

In connection with the sale of the marine segment in March 2012, the Company repaid $12.5 million of U.S. Government guaranteed long-term financing (see note 3). The Company also paid approximately $4.0 million of make-whole premiums and wrote off approximately $0.7 million of unamortized loan costs as a result of this repayment. These expenses have been reported in discontinued operations, net of income tax in the condensed consolidated statement of operations.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings per Share

(1)	Earnings per Share

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding excludes the shares of non-vested restricted stock that were assumed by the Company as a result of the Complete acquisition. Diluted earnings per share is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that could have been outstanding assuming the exercise of stock options, conversion of restricted stock units and the vesting of outstanding restricted stock issued in the acquisition of Complete.

Stock options for approximately 2,600,000 shares and 470,000 shares for the three months ended September 30, 2012 and 2011, respectively, and approximately 1,800,000 shares and 190,000 shares for the nine months ended September 30, 2012 and 2011, respectively, were excluded in the computation of diluted earnings per share for the three and nine months ended September 30, 2012 and 2011, as the effect would have been anti-dilutive.

Decommissioning Liabilities

9 Months Ended

Sep. 30, 2012

Decommissioning Liabilities [Abstract]

Decommissioning Liabilities

(1)	Decommissioning Liabilities

The Company records estimated future decommissioning liabilities in accordance with the authoritative guidance related to asset retirement obligations (decommissioning liabilities), which requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred, with a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the decommissioning liability is required to be accreted each period to present value.

The Company’s decommissioning liabilities associated with the Bullwinkle platform and its related assets consist of costs related to the plugging of wells, the removal of the related facilities and equipment, and site restoration. Whenever practical, the Company utilizes its own equipment and labor services to perform well abandonment and decommissioning work. When the Company performs these services, all recorded intercompany revenues and related costs of services are eliminated in the condensed consolidated financial statements. The recorded decommissioning liability associated with a specific property is fully extinguished when the property is abandoned. The recorded liability is first reduced by all cash expenses incurred to abandon and decommission the property. If the recorded liability exceeds (or is less than) the Company’s total costs, then the difference is reported as income (or loss) within revenue during the period in which the work is performed.

The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows needed to satisfy the liability have changed materially. The Company reviews its estimates for the timing of these expenditures on a quarterly basis. As a result of continuing development activities, the Company revised its estimates during the second quarter of 2012 relating to the timing of decommissioning work on its Bullwinkle assets, including a 10 year postponement of the platform decommissioning. This change in estimate resulted in a significant reduction in the present value of decommissioning liabilities.

In connection with the acquisition of Complete in February 2012, the Company assumed approximately $3.6 million of estimated decommissioning liabilities associated with costs to plug and abandon disposal wells at the end of the service lives of the assets.

The following table summarizes the activity for the Company’s decommissioning liabilities for the nine month periods ended September 30, 2012 and 2011 (in thousands):



	Nine Months Ended
	September 30,
	2012	2011

Decommissioning liabilities, December 31, 2011 and 2010, respectively	$ 123,176	$ 117,716
Liabilities acquired and incurred	3,573	-
Liabilities settled	(4,624)	-
Accretion	3,260	5,038
Revision in estimated liabilities	(34,373)	(292)

Total decommissioning liabilities, September 30, 2012 and 2011, respectively	91,012	122,462

Less: current portion of decommissioning liabilities at September 30, 2012 and 2011, respectively	-	17,090

Long-term decommissioning liabilities, September 30, 2012 and 2011, respectively	$ 91,012	$ 105,372

Notes Receivable

9 Months Ended

Sep. 30, 2012

Notes Receivable [Abstract]

Notes Receivable

(1)	Notes Receivable

Notes receivable consist of a commitment from the seller of oil and gas properties towards the abandonment of the acquired property. Pursuant to an agreement with the seller, the Company will invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of this obligation totaled $115.0 million and is recorded at present value using an effective interest rate of 6.58%. The related discount is amortized to interest income based on the expected timing of the platform’s removal. During the second quarter of 2012, the Company revised its timing estimate for the Bullwinkle platform removal, resulting in a significant reduction of the present value of the notes receivable (see note 11). The Company recorded interest income related to notes receivable of $2.1 million and $3.4 million for nine months ended September 30, 2012 and 2011, respectively.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

Segment Information

6 Months Ended

9 Months Ended

Jun. 30, 2012

Sep. 30, 2012

Segment Information [Abstract]

Segment Information

(1)	Segment Information

Business Segments

On March 30, 2012, the Company sold 18 liftboats and related assets that comprised its marine segment. Additionally, on February 15, 2012 the Company sold a derrick barge that was formerly reported within the subsea and well enhancement segment. The operating results from these businesses have been included in discontinued operations on the condensed consolidated statement of operations. The prior year segment presentation has been revised to reflect these changes. The Company’s reportable segments are now as follows: (1) subsea and well enhancement and (2) drilling products and services. The subsea and well enhancement segment provides completion and production-related services used to enhance, extend and maintain oil and gas production, which include horizontal well fracturing, fluids management, well service rigs, integrated subsea services and engineering services, mechanical wireline, hydraulic workover and snubbing, well control, coiled tubing, electric line, pumping and stimulation and wellbore evaluation services; well plug and abandonment services; stimulation and sand control equipment and services; and other oilfield services used to support drilling and production operations. The subsea and well enhancement segment also includes production handling arrangements, as well as the production and sale of oil and gas. The drilling products and services segment rents and sells stabilizers, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and bolting and machining services.

Certain previously reported segment information has been adjusted due to the disposal of the marine segment and the derrick barge from the subsea and well enhancement segment. Summarized financial information for the Company’s segments for the three and nine months ended September 30, 2012 and 2011 is shown in the following tables (in thousands):



Three Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 984,783	$ 194,882	$ -	$ 1,179,665
Cost of services
(exclusive of items shown separately below)	646,649	61,959	-	708,608
Depreciation, depletion, amortization and accretion	90,376	37,784	-	128,160
General and administrative expenses	131,078	32,380	-	163,458
Income from operations	116,680	62,759	-	179,439
Interest income (expense), net	697	-	(28,815)	(28,118)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)

Income (loss) from continuing operations
before income taxes	$ 117,377	$ 62,759	$ (31,109)	$ 149,027



Three Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 373,586	$ 163,456	$ -	$ 537,042
Cost of services
(exclusive of items shown separately below)	226,586	58,538	-	285,124
Depreciation, depletion, amortization and accretion	28,592	33,215	-	61,807
General and administrative expenses	64,950	28,863	-	93,813
Income from operations	53,458	42,840	-	96,298
Interest income (expense), net	1,248	-	(20,142)	(18,894)
Earnings from equity-method
investments, net	-	-	8,198	8,198

Income (loss) from continuing operations
before income taxes	$ 54,706	$ 42,840	$ (11,944)	$ 85,602



Nine Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 2,807,432	$ 582,389	$ -	$ 3,389,821
Cost of services
(exclusive of items shown separately below)	1,775,649	191,010	-	1,966,659
Depreciation, depletion, amortization and accretion	255,072	111,200	-	366,272
General and administrative expenses	396,123	100,875	-	496,998
Income from operations	380,588	179,304	-	559,892
Interest income (expense), net	2,106	-	(90,207)	(88,101)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)
Losses from equity-method
investments, net	-	-	(287)	(287)
Gain on sale of equity-method investment	-	-	17,880	17,880

Income (loss) from continuing operations
before income taxes	$ 382,694	$ 179,304	$ (74,908)	$ 487,090



Nine Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 961,039	$ 440,893	$ -	$ 1,401,932
Cost of services
(exclusive of items shown separately below)	590,951	161,862	-	752,813
Depreciation, depletion, amortization and accretion	81,424	96,227	-	177,651
General and administrative expenses	183,040	89,203	-	272,243
Income from operations	105,624	93,601	-	199,225
Interest income (expense), net	3,483	-	(50,792)	(47,309)
Earnings from equity-method
investments, net	-	-	13,724	13,724

Income (loss) from continuing operations
before income taxes	$ 109,107	$ 93,601	$ (37,068)	$ 165,640



Identifiable Assets

	Subsea and	Drilling
	Well	Products and			Consolidated
	Enhancement	Services	Marine	Unallocated	Total

September 30, 2012	$ 6,718,059	$ 1,051,235	$ -	$ 20,324	$ 7,789,618

December 31, 2011	$ 2,863,550	$ 947,679	$ 164,444	$ 72,472	$ 4,048,145

Geographic Segments

The Company attributes revenue to various countries based on the location where services are performed or the destination of the drilling products or equipment sold or leased. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. The Company’s information by geographic area is as follows (in thousands):

(1)	Segment Information

Business Segments



Three Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 984,783	$ 194,882	$ -	$ 1,179,665
Cost of services
(exclusive of items shown separately below)	646,649	61,959	-	708,608
Depreciation, depletion, amortization and accretion	90,376	37,784	-	128,160
General and administrative expenses	131,078	32,380	-	163,458
Income from operations	116,680	62,759	-	179,439
Interest income (expense), net	697	-	(28,815)	(28,118)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)

Income (loss) from continuing operations
before income taxes	$ 117,377	$ 62,759	$ (31,109)	$ 149,027



Three Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 373,586	$ 163,456	$ -	$ 537,042
Cost of services
(exclusive of items shown separately below)	226,586	58,538	-	285,124
Depreciation, depletion, amortization and accretion	28,592	33,215	-	61,807
General and administrative expenses	64,950	28,863	-	93,813
Income from operations	53,458	42,840	-	96,298
Interest income (expense), net	1,248	-	(20,142)	(18,894)
Earnings from equity-method
investments, net	-	-	8,198	8,198

Income (loss) from continuing operations
before income taxes	$ 54,706	$ 42,840	$ (11,944)	$ 85,602



Nine Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 2,807,432	$ 582,389	$ -	$ 3,389,821
Cost of services
(exclusive of items shown separately below)	1,775,649	191,010	-	1,966,659
Depreciation, depletion, amortization and accretion	255,072	111,200	-	366,272
General and administrative expenses	396,123	100,875	-	496,998
Income from operations	380,588	179,304	-	559,892
Interest income (expense), net	2,106	-	(90,207)	(88,101)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)
Losses from equity-method
investments, net	-	-	(287)	(287)
Gain on sale of equity-method investment	-	-	17,880	17,880

Income (loss) from continuing operations
before income taxes	$ 382,694	$ 179,304	$ (74,908)	$ 487,090



Nine Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 961,039	$ 440,893	$ -	$ 1,401,932
Cost of services
(exclusive of items shown separately below)	590,951	161,862	-	752,813
Depreciation, depletion, amortization and accretion	81,424	96,227	-	177,651
General and administrative expenses	183,040	89,203	-	272,243
Income from operations	105,624	93,601	-	199,225
Interest income (expense), net	3,483	-	(50,792)	(47,309)
Earnings from equity-method
investments, net	-	-	13,724	13,724

Income (loss) from continuing operations
before income taxes	$ 109,107	$ 93,601	$ (37,068)	$ 165,640



Identifiable Assets

	Subsea and	Drilling
	Well	Products and			Consolidated
	Enhancement	Services	Marine	Unallocated	Total

September 30, 2012	$ 6,718,059	$ 1,051,235	$ -	$ 20,324	$ 7,789,618

December 31, 2011	$ 2,863,550	$ 947,679	$ 164,444	$ 72,472	$ 4,048,145

Geographic Segments



Revenues:	Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011

United States	$ 976,984	$ 397,718	$ 2,826,544	$ 1,035,759
Other Countries	202,681	139,324	563,277	366,173

Total	$ 1,179,665	$ 537,042	$ 3,389,821	$ 1,401,932

Long-Lived Assets:	September 30,	December 31,
	2012	2011

United States	$ 2,623,401	$ 1,060,483
Other Countries	539,872	446,885

Total, net	$ 3,163,273	$ 1,507,368

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Guarantee

9 Months Ended

Sep. 30, 2012

Guarantee [Abstract]

Guarantee

(1)

Guarantee

In accordance with authoritative guidance related to guarantees, the Company has assigned an estimated value of $2.6 million at September 30, 2012 and December 31, 2011, which is reflected in other long-term liabilities, related to decommissioning activities in connection with oil and gas properties acquired by SPN Resources prior to its sale to Dynamic Offshore. The Company believes that the likelihood of being required to perform these guarantees is remote. In the unlikely event of default on any remaining decommissioning liabilities, the total maximum potential obligation under these guarantees is estimated to be approximately $115.9 million, net of the contractual right to receive payments from third parties, which is approximately $24.6 million, as of September 30, 2012. The total maximum potential obligation will decrease over time as the underlying obligations are fulfilled.

Fair Value Measurements

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

(1)	Fair Value Measurements

The Company follows the authoritative guidance for fair value measurements relating to financial and nonfinancial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2: Observable inputs other than those included in Level 1 such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical assets or liabilities in inactive markets; or model-derived valuations or other inputs that can be corroborated by observable market data.

Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.

The following tables provide a summary of the financial assets and liabilities measured at fair value on a recurring basis at September 30, 2012 and December 31, 2011 (in thousands):



		Fair Value Measurements at Reporting Date Using
	September 30, 2012	Level 1	Level 2	Level 3

Available-for-sale securities	$ 20,321	$ 20,321	-	-

Intangible and other long-term assets
Non-qualified deferred compensation assets	$ 11,265	$ 825	$ 10,440	-
Interest rate swap	$ 1,039	-	$ 1,039	-

Accounts payable
Non-qualified deferred compensation liabilities	$ 2,425	-	$ 2,425	-
Contingent consideration	$ 10,815	-	-	$ 10,815

Other long-term liabilities
Non-qualified deferred compensation liabilities	$ 13,230	-	$ 13,230	-

	December 31, 2011	Level 1	Level 2	Level 3
Intangible and other long-term assets
Non-qualified deferred compensation assets	$ 10,597	$ 815	$ 9,782	-
Interest rate swap	$ 1,904	-	$ 1,904	-

Accounts payable
Non-qualified deferred compensation liabilities	$ 2,790	-	$ 2,790	-

Other long-term liabilities
Non-qualified deferred compensation liabilities	$ 12,975	-	$ 12,975	-

Available-for-sale securities is comprised of approximately 2.9 million shares of SandRidge common stock that the Company received as partial consideration for its 10% interest in Dynamic Offshore (see note 6). The securities are reported at fair value based on the stock’s closing price as reported on the New York Stock Exchange.

The Company’s non-qualified deferred compensation plans allow officers, certain highly compensated employees and non-employee directors to defer receipt of a portion of their compensation and contribute such amounts to one or more hypothetical investment funds (see note 4). The Company entered into separate trust agreements, subject to general creditors, to segregate assets of each plan and reports the accounts of the trusts in its condensed consolidated financial statements. These investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent Levels 1 and 2, respectively, in the fair value hierarchy.

In April 2012, the Company entered into an interest rate swap agreement related to its fixed rate debt maturing in 2021 for a notional amount of $100 million, whereby the Company is entitled to receive semi-annual interest payments at a fixed rate of 7 1/8% per annum and is obligated to make semi-annual interest payments at a floating rate, which is adjusted every 90 days, based on LIBOR plus a fixed margin. The swap agreement, scheduled to terminate on December 15, 2021, is designated as a fair value hedge of a portion of the 7 1/8% unsecured senior notes, as the derivative has been tested to be highly effective in offsetting changes in the fair value of the underlying note. As this derivative is classified as a fair value hedge, the changes in the fair value of the derivative are offset against the changes in the fair value of the underlying note in interest expense, net (see note 16). The Company previously had an interest rate swap agreement for a notional amount of $150 million related to its fixed rate debt maturing in June 2014 that was designated as a fair value hedge. In February 2012, the Company sold this interest rate swap to the counterparty for approximately $1.2 million.

Included in current liabilities is $10.8 million of contingent consideration related to the acquisitions of a hydraulic fracturing and cementing company in 2011 and the acquisition of a wireline and well testing company in 2012. The fair value of the contingent consideration was determined using a probability-weighted discounted cash flow approach at the acquisition and reporting date. The approach is based on significant inputs that are not observable in the market, which are referred to as Level 3 inputs. The fair value is based on the acquired companies reaching specific performance metrics.

In accordance with authoritative guidance, non-financial assets and non-financial liabilities are remeasured at fair value on a non-recurring basis. In determining estimated fair value of acquired goodwill, we use various sources and types of information, including, but not limited to, quoted market prices, replacement cost estimates, accepted valuation techniques such as discounted cash flows, and existing carrying value of acquired assets. As necessary, we utilize third-party appraisal firms to assist us in determining fair value of inventory, identifiable intangible assets, and any other significant assets or liabilities. During the measurement period and as necessary, we adjust the preliminary purchase price allocation if we obtain more information regarding asset valuations and liabilities assumed.

The fair value of the Company’s cash equivalents, accounts receivable and current maturities of long-term debt approximates their carrying amounts. The fair value of the Company’s long-term debt was approximately $2,048.3 million and $1,749.8 million at September 30, 2012 and December 31, 2011, respectively. The fair value of these debt instruments is determined by reference to the market value of the instrument as quoted in an over-the-counter market.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Derivative Financial Instruments

9 Months Ended

Sep. 30, 2012

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

(1)	Derivative Financial Instruments

From time to time, the Company may employ interest rate swaps in an attempt to achieve a more balanced debt portfolio. The Company does not use derivative financial instruments for trading or speculative purposes.

In April 2012, the Company entered into an interest rate swap for a notional amount of $100 million related to its fixed rate debt maturing in December 2021. This transaction is designated as a fair value hedge since the swap hedges against the change in fair value of fixed rate debt resulting from changes in interest rates. The Company recorded a derivative asset of $1.0 million within intangible and other long term assets in the consolidated balance sheet at September 30, 2012. The change in fair value of the interest rate swap is included in the adjustments to reconcile net income to net cash provided by operating activities in the consolidated statement of cash flows.

The Company had an interest rate swap agreement for a notional amount of $150 million related to its fixed rate debt maturing in June 2014. This transaction was designated as a fair value hedge since the swap hedged against the change in fair value of fixed rate debt resulting from changes in interest rates. The Company recorded a derivative asset of $1.9 million within intangible and other long-term assets in the consolidated balance sheet as of December 31, 2011. In February 2012, the Company sold this interest rate swap to the counterparty for $1.2 million.

The location and effect of the derivative instrument on the condensed consolidated statement of operations for the three and nine months ended September 30, 2012 and 2011, presented on a pre-tax basis, is as follows (in thousands):



		Amount of (gain) loss recognized

	Location of (gain) loss recognized	Three Months Ended September 30, 2012	Three Months Ended September 30, 2011

Interest rate swap	Interest expense, net	$ (1,079)	$ 350
Hedged item - debt	Interest expense, net	682	(788)
		$ (397)	$ (438)



	Location of (gain) loss recognized	Nine Months Ended September 30, 2012	Nine Months Ended September 30, 2011

Interest rate swap	Interest expense, net	$ (4,235)	$ 230
Hedged item - debt	Interest expense, net	3,196	(1,409)
		$ (1,039)	$ (1,179)

For the nine months ended September 30, 2012 and 2011, approximately $1.0 million and $1.2 million, respectively, of interest income was related to the ineffectiveness associated with these fair value hedges. Hedge ineffectiveness represents the difference between the changes in fair value of the derivative instruments and the changes in fair value of the fixed rate debt attributable to changes in the benchmark interest rate.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

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-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes [Abstract]

Income Taxes

(1)	Income Taxes

The Company follows authoritative guidance surrounding accounting for uncertainty in income taxes. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense. The Company had approximately $25.5 million and $21.7 million of unrecorded tax benefits at September 30, 2012 and December 31, 2011, respectively, all of which would impact the Company’s effective tax rate if recognized.

In addition to its U.S. federal tax return, the Company files income tax returns in various state and foreign jurisdictions. The number of years that are open under the statute of limitations and subject to audit varies depending on the tax jurisdiction. The Company remains subject to U.S. federal tax examinations for years after 2008.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-SubTopic 10
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2012
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(18) Commitments and Contingencies The Company’s wholly owned subsidiary, Hallin Marine, is the lessee of a dynamically positioned subsea vessel under a capital lease expiring in 2019 with a two year renewal option. Hallin Marine owns a 5% equity interest in the entity that owns this leased asset. The lessor’s debt is non-recourse to the Company. The amount of the asset and liability under this capital lease is recorded at the present value of the lease payments. The vessel’s gross asset value under the capital lease was approximately $37.6 million at inception and accumulated depreciation through September 30, 2012 and December 31, 2011 was approximately $11.2 million and $8.0 million, respectively. At September 30, 2012 and December 31, 2011, the Company had approximately $26.6 million and $29.5 million, respectively, included in other long-term liabilities, and approximately $3.5 million and $3.6 million, respectively, included in accounts payable related to the obligations under this capital lease. The future minimum lease payments under this capital lease are approximately $0.9 million, $3.9 million, $4.2 million, $4.6 million, $5.0 million and $5.4 million for the three months ending December 31, 2012 and the years ending December 31, 2013, 2014, 2015, 2016 and 2017, respectively, exclusive of interest at an annual rate of 8.5%. For the nine months ended September 30, 2012 and 2011, the Company recorded interest expense of approximately $2.0 million and $2.2 million, respectively, in connection with this capital lease. Due to the nature of the Company’s business, the Company is involved, from time to time, in routine litigation or subject to disputes or claims regarding its business activities. Legal costs related to these matters are expensed as incurred. In management’s opinion, none of the pending litigation, disputes or claims is expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
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-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Related Party Disclosures

9 Months Ended

Sep. 30, 2012

Related Party Disclosures

(19)	Related Party Disclosures

The Company believes all transactions with related parties have terms and conditions no less favorable than transactions with unaffiliated parties. Subsequent to the acquisition of Complete, the Company purchases services, products and equipment from companies affiliated with an officer of one of its subsidiaries. For the three and nine months ended September 30, 2012, these purchases totaled approximately $54.8 million and $188.0 million, respectively. For the three months ended September 30, 2012, approximately $27.1 million was purchased from ORTEQ Energy Services, a heavy equipment construction company which also manufactures pressure pumping equipment, approximately $1.9 million was purchased from Ortowski Construction, primarily related to the manufacture of pressure pumping units, approximately $3.0 million was purchased from Resource Transport, approximately $18.0 million was purchased from Texas Specialty Sands, LLC primarily for the purchase of sand used for pressure pumping activities, approximately $3.7 million was purchased from ProFuel, LLC, and approximately $1.1 million was related to facilities leased from Timber Creek Real Estate Partners. For the nine months ended September 30, 2012, approximately $90.9 million was purchased from ORTEQ Energy Services, approximately $4.0 million was purchased from Ortowski Construction, approximately $8.0 million was purchased from Resource Transport, approximately $70.6 million was purchased from Texas Specialty Sands, LLC, approximately $13.4 million was purchased from ProFuel, LLC, and approximately $1.1 million was related to facilities leased from Timber Creek Real Estate Partners. As of September 30, 2012, the Company’s trade accounts payable includes amounts due to these companies totaling approximately $16.8 million, of which approximately $6.1 million was due ORTEQ Energy Services, approximately $1.9 million was due Ortowski Construction, approximately $1.1 million was due Resource Transport, approximately $5.9 million was due Texas Specialty Sands, approximately $1.5 million was due ProFuel, LLC, and approximately $0.3 million was due Timber Creek Real Estate Partners.

In May 2012, the Company’s President and Chief Executive Officer was appointed as an independent director of the board of Linn Energy, LLC (Linn), an independent oil and natural gas development company with focus areas in the mid-continent, including the Permian Basin, the Hugoton Basin, the Powder River Basin, the Williston Basin, Michigan, as well as California. The Company recorded revenues from Linn of approximately $6.0 million and approximately $14.7 million for the three and nine month periods ended September 30, 2012, respectively. The Company had trade receivables from Linn of approximately $3.5 million as of September 30, 2012.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Events

(19)	Subsequent Events

In accordance with authoritative guidance, the Company has evaluated and disclosed all material subsequent events that occurred after the balance sheet date, but before financial statements were issued.

Financial Information Related to Guarantor Subsidiaries

6 Months Ended

9 Months Ended

Jun. 30, 2012

Sep. 30, 2012

Financial Information Related to Guarantor Subsidiaries [Abstract]

Financial Information Related to Guarantor Subsidiaries

(19)	Financial Information Related to Guarantor Subsidiaries

SESI, L.L.C. (Issuer), a 100% owned subsidiary of Superior Energy Services, Inc. (Parent), has $500 million of unsecured 6 3/8% senior notes due 2019 and $800 million of unsecured 7 1/8% senior notes due 2021. The Parent, along with certain of its 100% owned domestic subsidiaries, fully and unconditionally guaranteed the senior notes, and such guarantees are joint and several. Domestic income taxes are paid by the Parent through a consolidated tax return and are accounted for by the Parent. The Company has revised the comparative condensed consolidating financial information to reflect the Parent’s and Issuer’s investments in subsidiaries using the equity-method. The following tables present the condensed consolidating balance sheets as of September 30, 2012 and December 31, 2011, and the condensed consolidating statements of operations and cash flows for the three and nine months ended September 30, 2012 and 2011.



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086
Accounts receivable, net	-	703	957,210	232,004	(60,203)	1,129,714
Deferred Income Taxes	31,306	-	-	-	-	31,306
Income taxes receivable	-	-	-	1,802	(1,802)	-
Prepaid expenses	85	8,905	47,710	45,506	-	102,206
Inventory and other current assets	-	1,675	153,994	24,528	-	180,197
Available-for-sale securities	-	20,321	-	-	-	20,321

Total current assets	31,391	36,951	1,179,621	356,872	(62,005)	1,542,830

Property, plant and equipment, net	-	6,603	2,526,831	629,839	-	3,163,273
Goodwill	-	-	2,119,477	408,835	-	2,528,312
Notes receivable	-	-	44,129	-	-	44,129
Investments in subsidiaries	2,108,911	4,776,411	577,825	-	(7,463,147)	-
Intangible and other long-term assets, net	-	59,511	372,614	78,949	-	511,074

Total assets	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 5,487	$ 207,140	$ 111,032	$ (54,847)	$ 268,812
Accrued expenses	139	72,792	212,310	80,839	(5,433)	360,647
Income taxes payable	150,659	-	-	-	(1,802)	148,857
Current maturities of long-term debt	-	20,000	-	-	-	20,000

Total current liabilities	150,798	98,279	419,450	191,871	(62,082)	798,316

Deferred income taxes	709,077	-	-	17,957	-	727,034
Decommissioning liabilities	-	-	88,797	2,215	-	91,012
Long-term debt, net	-	1,909,416	-	-	-	1,909,416
Intercompany payables/(receivables)	(2,874,432)	730,801	2,706,197	(42,265)	(520,301)	-
Other long-term liabilities	5,790	32,069	24,811	52,101	-	114,771

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	157	-	782	4,212	(4,994)	157
Additional paid in capital	2,846,236	124,271	687,939	1,118,727	(1,930,937)	2,846,236
Accumulated other comprehensive
income (loss), net	(20,432)	(20,432)	1,073	(19,790)	39,149	(20,432)
Retained earnings (accumulated deficit)	1,323,108	2,005,072	2,891,448	149,467	(5,045,987)	1,323,108

Total stockholders' equity (deficit)	4,149,069	2,108,911	3,581,242	1,252,616	(6,942,769)	4,149,069

Total liabilities and stockholders' equity	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
December 31, 2011
(in thousands)
(audited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 29,057	$ 6,272	$ 44,945	$ -	$ 80,274
Accounts receivable, net	-	531	437,963	143,444	(41,336)	540,602
Income taxes receivable	-	-	-	698	(698)	-
Prepaid expenses	34	3,893	9,796	20,314	-	34,037
Inventory and other current assets	-	1,796	214,381	12,132	-	228,309

Total current assets	34	35,277	668,412	221,533	(42,034)	883,222

Property, plant and equipment, net	-	2,758	1,096,036	408,574	-	1,507,368
Goodwill	-	-	437,614	143,765	-	581,379
Notes receivable	-	-	73,568	-	-	73,568
Investments in subsidiaries	1,650,049	2,833,659	20,062	-	(4,503,770)	-
Equity-method investments	-	70,614	-	1,858	-	72,472
Intangible and other long-term assets, net	-	828,447	71,625	30,064	-	930,136

Total assets	1,650,083	3,770,755	2,367,317	805,794	(4,545,804)	4,048,145

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 4,307	$ 128,996	$ 86,723	$ (41,381)	$ 178,645
Accrued expenses	164	54,000	105,512	38,503	(605)	197,574
Income taxes payable	1,415	-	-	-	(698)	717
Deferred income taxes	831	-	-	-	-	831
Current portion of decommissioning liabilities	-	-	14,956	-	-	14,956
Current maturities of long-term debt	-	-	-	810	-	810

Total current liabilities	2,410	58,307	249,464	126,036	(42,684)	393,533

Deferred income taxes	285,871	-	-	11,587	-	297,458
Decommissioning liabilities	-	-	108,220	-	-	108,220
Long-term debt, net	-	1,673,351	-	11,736	-	1,685,087
Intercompany payables/(receivables)	(96,989)	356,668	(253,053)	(7,276)	650	-
Other long-term liabilities	5,192	32,380	26,704	45,972	-	110,248

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	80	-	-	4,212	(4,212)	80
Additional paid in capital	447,007	124,271	-	517,209	(641,480)	447,007
Accumulated other comprehensive
income (loss), net	(26,936)	(26,936)	-	(26,936)	53,872	(26,936)
Retained earnings (accumulated deficit)	1,033,448	1,552,714	2,235,982	123,254	(3,911,950)	1,033,448

Total stockholders' equity (deficit)	1,453,599	1,650,049	2,235,982	617,739	(4,503,770)	1,453,599

Total liabilities and stockholders' equity	$ 1,650,083	$ 3,770,755	$ 2,367,317	$ 805,794	$ (4,545,804)	$ 4,048,145



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,003,373	$ 198,277	$ (21,985)	$ 1,179,665

Cost of services (exclusive of items shown
separately below)	-	-	597,931	132,617	(21,940)	708,608
Depreciation, depletion, amortization and
accretion	-	158	103,838	24,164	-	128,160
General and administrative expenses	83	31,229	102,073	30,118	(45)	163,458

Income (loss) from operations	(83)	(31,387)	199,531	11,378	-	179,439

Other income (expense):
Interest expense, net	-	(28,592)	1,253	(779)	-	(28,118)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	146,257	208,530	8,110	-	(362,897)	-

Income (loss) from continuing operations before
income taxes	146,174	146,257	208,894	10,599	(362,897)	149,027

Income taxes	52,288	-	-	2,852	-	55,140

Net income (loss) from continuing operations	93,886	146,257	208,894	7,747	(362,897)	93,887

Discontinued operations, net of income tax	-	-	-	-	-	-

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887
Unrealized net loss on investment securities, net of tax	2,198	2,198	-	-	(2,198)	2,198
Change in cumulative translation adjustment	7,216	7,216	1,529	7,216	(15,961)	7,216

Comprehensive income (loss)	$ 103,300	$ 155,671	$ 210,423	$ 14,963	$ (381,056)	$ 103,301



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 450,186	$ 104,476	$ (17,620)	$ 537,042

Cost of services (exclusive of items shown
separately below)	-	-	222,930	79,716	(17,522)	285,124
Depreciation, depletion, amortization and
accretion	-	131	51,634	10,042	-	61,807
General and administrative expenses	81	17,880	58,426	17,524	(98)	93,813

Income (loss) from operations	(81)	(18,011)	117,196	(2,806)	-	96,298

Other income (expense):
Interest expense, net	-	(20,631)	1,253	484	-	(18,894)
Intercompany interest income (expense)	-	6,822	-	(6,822)	-	-
Earnings (losses) from consolidated subsidiaries	94,682	118,768	881	-	(214,331)	-
Earnings (losses) from equity-method
investments, net	-	8,198	-	-	-	8,198

Income (loss) from continuing operations before
income taxes	94,601	95,146	119,330	(9,144)	(214,331)	85,602

Income taxes	32,268	-	-	(1,465)	-	30,803

Net income (loss) from continuing operations	62,333	95,146	119,330	(7,679)	(214,331)	54,799

Discontinued operations, net of income tax	(2,753)	(464)	8,073	(75)	-	4,781

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580
Change in cumulative translation adjustment	(6,027)	(6,027)	-	(6,027)	12,054	(6,027)

Comprehensive income (loss)	$ 53,553	$ 88,655	$ 127,403	$ (13,781)	$ (202,277)	$ 53,553


* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 2,933,132	$ 562,010	$ (105,321)	$ 3,389,821

Cost of services (exclusive of items shown
separately below)	-	-	1,693,002	378,848	(105,191)	1,966,659
Depreciation, depletion, amortization and
accretion	-	527	306,161	59,584	-	366,272
General and administrative expenses	311	117,485	302,567	76,765	(130)	496,998

Income (loss) from operations	(311)	(118,012)	631,402	46,813	-	559,892

Other income (expense):
Interest expense, net	-	(88,322)	2,446	(2,225)	-	(88,101)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	452,358	645,368	36,311	-	(1,134,037)	-
Earnings (losses) from equity-method				-
investments, net	-	(287)	-	-	-	(287)
Gain on sale of equity-method investment	-	17,880	-	-	-	17,880

Income (loss) from continuing operations before
income taxes	452,047	454,333	670,159	44,588	(1,134,037)	487,090

Income taxes	164,857	-	-	15,366	-	180,223

Net income (loss) from continuing operations	287,190	454,333	670,159	29,222	(1,134,037)	306,867

Discontinued operations, net of income tax	2,470	(1,975)	(14,693)	(3,009)	-	(17,207)

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Unrealized net loss on investment securities, net of tax	(642)	(642)	-	-	642	(642)
Change in cumulative translation adjustment	7,146	7,146	1,073	7,146	(15,365)	7,146

Comprehensive income (loss)	$ 296,164	$ 458,862	$ 656,539	$ 33,359	$ (1,148,760)	$ 296,164



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,176,163	$ 279,475	$ (53,706)	$ 1,401,932

Cost of services (exclusive of items shown
separately below)	-	-	600,340	205,954	(53,481)	752,813
Depreciation, depletion, amortization and
accretion	-	388	145,731	31,532	-	177,651
General and administrative expenses	611	56,360	162,817	52,680	(225)	272,243

Income (loss) from operations	(611)	(56,748)	267,275	(10,691)	-	199,225

Other income (expense):
Interest expense, net	-	(50,691)	3,523	(141)	-	(47,309)
Intercompany interest income (expense)	-	19,633	-	(19,633)	-	-
Earnings (losses) from consolidated subsidiaries	190,643	267,082	2,062	-	(459,787)	-
Earnings (losses) from equity-method
investments, net	-	12,598	-	1,126	-	13,724

Income (loss) from continuing operations before
income taxes	190,032	191,874	272,860	(29,339)	(459,787)	165,640

Income taxes	57,057	-	-	2,532	-	59,589

Net income (loss) from continuing operations	132,975	191,874	272,860	(31,871)	(459,787)	106,051

Discontinued operations, net of income tax	(9,783)	(1,231)	28,289	(134)	-	17,141

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192
Change in cumulative translation adjustment	2,539	2,539	-	2,539	(5,078)	2,539

Comprehensive income (loss)	$ 125,731	$ 193,182	$ 301,149	$ (29,466)	$ (464,865)	$ 125,731

* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	527	307,270	59,721	-	367,518
Deferred income taxes	(18,204)	-	-	3,459	-	(14,745)
Excess tax benefit from stock-based compensation	(1,537)	-	-	-	-	(1,537)
Gain on sale of equity-method investment	-	(17,880)	-	-	-	(17,880)
Stock-based and performance share unit compensation
expense	-	27,845	-	-	-	27,845
Retirement and deferred compensation plan expense	-	1,455	-	-	-	1,455
(Earnings) losses from consolidated subsidiaries	(452,358)	(645,368)	(36,311)	-	1,134,037	-
(Earnings) losses from equity-method investments, net
of cash received	-	2,787	-	553	-	3,340
Amortization of debt acquisition costs and note
discount	-	7,439	-	-	-	7,439
Loss on sale of businesses	-	-	6,649	-	-	6,649
Write-off of debt acquisition costs and discount	-	2,714	-	746	-	3,460
Other reconciling items, net	-	3,139	(1,780)	223	-	1,582
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(172)	(126,960)	(17,184)	-	(144,316)
Inventory and other current assets	-	121	90,221	(5,223)	-	85,119
Accounts payable	-	1,180	(8,524)	6,587	-	(757)
Accrued expenses	(24)	9,049	(52,395)	13,535	-	(29,835)
Decommissioning liabilities	-	-	(4,566)	(58)	-	(4,624)
Income taxes	145,424	-	-	(3,508)	-	141,916
Other, net	(51)	(4,087)	(6,379)	(15,184)	-	(25,701)

Net cash provided by (used in) operating activities	(37,090)	(158,893)	822,691	69,880	-	696,588

Cash flows from investing activities:
Payments for capital expenditures	-	(5,041)	(799,330)	(113,822)	-	(918,193)
Sale of available-for-sale securities	-	31,150	-	-	-	31,150
Acquisitions of businesses, net of cash acquired	-	(1,229,327)	106,952	49,843	-	(1,072,532)
Change in restricted cash held for acquisition of business	-	785,280	-	-	-	785,280
Cash proceeds from sale of businesses	-	183,094	-	-	-	183,094
Cash proceeds from the sale of equity-method investment		34,087				34,087
Other	-	-	25,022	3,416	-	28,438
Intercompany receivables/payables	19,834	108,725	(140,900)	12,341	-	-

Net cash provided by (used in) investing activities	19,834	(92,032)	(808,256)	(48,222)	-	(928,676)

Cash flows from financing activities:
Net payments on revolving line of credit	-	15,000	-	-	-	15,000
Proceeds from long-term debt	-	400,000	-	-	-	400,000
Principal payments on long-term debt	-	(160,000)	-	(12,546)	-	(172,546)
Payment of debt acquisition costs	-	(25,266)	-	-	-	(25,266)
Proceeds from exercise of stock options	13,915	-	-	-	-	13,915
Excess tax benefit from stock-based compensation	1,537	-	-	-	-	1,537
Proceeds from issuance of stock through employee benefit plans	2,193	-	-	-	-	2,193
Other	(389)	(2,519)	-	(2,935)	-	(5,843)

Net cash provided by (used in) financing activities	17,256	227,215	-	(15,481)	-	228,990

Effect of exchange rate changes on cash	-	-	-	1,910	-	1,910

Net increase (decrease) in cash and cash equivalents	-	(23,710)	14,435	8,087	-	(1,188)

Cash and cash equivalents at beginning of period	-	29,057	6,272	44,945	-	80,274

Cash and cash equivalents at end of period	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086

(19)	Financial Information Related to Guarantor Subsidiaries



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086
Accounts receivable, net	-	703	957,210	232,004	(60,203)	1,129,714
Deferred Income Taxes	31,306	-	-	-	-	31,306
Income taxes receivable	-	-	-	1,802	(1,802)	-
Prepaid expenses	85	8,905	47,710	45,506	-	102,206
Inventory and other current assets	-	1,675	153,994	24,528	-	180,197
Available-for-sale securities	-	20,321	-	-	-	20,321

Total current assets	31,391	36,951	1,179,621	356,872	(62,005)	1,542,830

Property, plant and equipment, net	-	6,603	2,526,831	629,839	-	3,163,273
Goodwill	-	-	2,119,477	408,835	-	2,528,312
Notes receivable	-	-	44,129	-	-	44,129
Investments in subsidiaries	2,108,911	4,776,411	577,825	-	(7,463,147)	-
Intangible and other long-term assets, net	-	59,511	372,614	78,949	-	511,074

Total assets	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 5,487	$ 207,140	$ 111,032	$ (54,847)	$ 268,812
Accrued expenses	139	72,792	212,310	80,839	(5,433)	360,647
Income taxes payable	150,659	-	-	-	(1,802)	148,857
Current maturities of long-term debt	-	20,000	-	-	-	20,000

Total current liabilities	150,798	98,279	419,450	191,871	(62,082)	798,316

Deferred income taxes	709,077	-	-	17,957	-	727,034
Decommissioning liabilities	-	-	88,797	2,215	-	91,012
Long-term debt, net	-	1,909,416	-	-	-	1,909,416
Intercompany payables/(receivables)	(2,874,432)	730,801	2,706,197	(42,265)	(520,301)	-
Other long-term liabilities	5,790	32,069	24,811	52,101	-	114,771

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	157	-	782	4,212	(4,994)	157
Additional paid in capital	2,846,236	124,271	687,939	1,118,727	(1,930,937)	2,846,236
Accumulated other comprehensive
income (loss), net	(20,432)	(20,432)	1,073	(19,790)	39,149	(20,432)
Retained earnings (accumulated deficit)	1,323,108	2,005,072	2,891,448	149,467	(5,045,987)	1,323,108

Total stockholders' equity (deficit)	4,149,069	2,108,911	3,581,242	1,252,616	(6,942,769)	4,149,069

Total liabilities and stockholders' equity	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
December 31, 2011
(in thousands)
(audited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 29,057	$ 6,272	$ 44,945	$ -	$ 80,274
Accounts receivable, net	-	531	437,963	143,444	(41,336)	540,602
Income taxes receivable	-	-	-	698	(698)	-
Prepaid expenses	34	3,893	9,796	20,314	-	34,037
Inventory and other current assets	-	1,796	214,381	12,132	-	228,309

Total current assets	34	35,277	668,412	221,533	(42,034)	883,222

Property, plant and equipment, net	-	2,758	1,096,036	408,574	-	1,507,368
Goodwill	-	-	437,614	143,765	-	581,379
Notes receivable	-	-	73,568	-	-	73,568
Investments in subsidiaries	1,650,049	2,833,659	20,062	-	(4,503,770)	-
Equity-method investments	-	70,614	-	1,858	-	72,472
Intangible and other long-term assets, net	-	828,447	71,625	30,064	-	930,136

Total assets	1,650,083	3,770,755	2,367,317	805,794	(4,545,804)	4,048,145

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 4,307	$ 128,996	$ 86,723	$ (41,381)	$ 178,645
Accrued expenses	164	54,000	105,512	38,503	(605)	197,574
Income taxes payable	1,415	-	-	-	(698)	717
Deferred income taxes	831	-	-	-	-	831
Current portion of decommissioning liabilities	-	-	14,956	-	-	14,956
Current maturities of long-term debt	-	-	-	810	-	810

Total current liabilities	2,410	58,307	249,464	126,036	(42,684)	393,533

Deferred income taxes	285,871	-	-	11,587	-	297,458
Decommissioning liabilities	-	-	108,220	-	-	108,220
Long-term debt, net	-	1,673,351	-	11,736	-	1,685,087
Intercompany payables/(receivables)	(96,989)	356,668	(253,053)	(7,276)	650	-
Other long-term liabilities	5,192	32,380	26,704	45,972	-	110,248

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	80	-	-	4,212	(4,212)	80
Additional paid in capital	447,007	124,271	-	517,209	(641,480)	447,007
Accumulated other comprehensive
income (loss), net	(26,936)	(26,936)	-	(26,936)	53,872	(26,936)
Retained earnings (accumulated deficit)	1,033,448	1,552,714	2,235,982	123,254	(3,911,950)	1,033,448

Total stockholders' equity (deficit)	1,453,599	1,650,049	2,235,982	617,739	(4,503,770)	1,453,599

Total liabilities and stockholders' equity	$ 1,650,083	$ 3,770,755	$ 2,367,317	$ 805,794	$ (4,545,804)	$ 4,048,145



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,003,373	$ 198,277	$ (21,985)	$ 1,179,665

Cost of services (exclusive of items shown
separately below)	-	-	597,931	132,617	(21,940)	708,608
Depreciation, depletion, amortization and
accretion	-	158	103,838	24,164	-	128,160
General and administrative expenses	83	31,229	102,073	30,118	(45)	163,458

Income (loss) from operations	(83)	(31,387)	199,531	11,378	-	179,439

Other income (expense):
Interest expense, net	-	(28,592)	1,253	(779)	-	(28,118)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	146,257	208,530	8,110	-	(362,897)	-

Income (loss) from continuing operations before
income taxes	146,174	146,257	208,894	10,599	(362,897)	149,027

Income taxes	52,288	-	-	2,852	-	55,140

Net income (loss) from continuing operations	93,886	146,257	208,894	7,747	(362,897)	93,887

Discontinued operations, net of income tax	-	-	-	-	-	-

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887
Unrealized net loss on investment securities, net of tax	2,198	2,198	-	-	(2,198)	2,198
Change in cumulative translation adjustment	7,216	7,216	1,529	7,216	(15,961)	7,216

Comprehensive income (loss)	$ 103,300	$ 155,671	$ 210,423	$ 14,963	$ (381,056)	$ 103,301



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 450,186	$ 104,476	$ (17,620)	$ 537,042

Cost of services (exclusive of items shown
separately below)	-	-	222,930	79,716	(17,522)	285,124
Depreciation, depletion, amortization and
accretion	-	131	51,634	10,042	-	61,807
General and administrative expenses	81	17,880	58,426	17,524	(98)	93,813

Income (loss) from operations	(81)	(18,011)	117,196	(2,806)	-	96,298

Other income (expense):
Interest expense, net	-	(20,631)	1,253	484	-	(18,894)
Intercompany interest income (expense)	-	6,822	-	(6,822)	-	-
Earnings (losses) from consolidated subsidiaries	94,682	118,768	881	-	(214,331)	-
Earnings (losses) from equity-method
investments, net	-	8,198	-	-	-	8,198

Income (loss) from continuing operations before
income taxes	94,601	95,146	119,330	(9,144)	(214,331)	85,602

Income taxes	32,268	-	-	(1,465)	-	30,803

Net income (loss) from continuing operations	62,333	95,146	119,330	(7,679)	(214,331)	54,799

Discontinued operations, net of income tax	(2,753)	(464)	8,073	(75)	-	4,781

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580
Change in cumulative translation adjustment	(6,027)	(6,027)	-	(6,027)	12,054	(6,027)

Comprehensive income (loss)	$ 53,553	$ 88,655	$ 127,403	$ (13,781)	$ (202,277)	$ 53,553


* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 2,933,132	$ 562,010	$ (105,321)	$ 3,389,821

Cost of services (exclusive of items shown
separately below)	-	-	1,693,002	378,848	(105,191)	1,966,659
Depreciation, depletion, amortization and
accretion	-	527	306,161	59,584	-	366,272
General and administrative expenses	311	117,485	302,567	76,765	(130)	496,998

Income (loss) from operations	(311)	(118,012)	631,402	46,813	-	559,892

Other income (expense):
Interest expense, net	-	(88,322)	2,446	(2,225)	-	(88,101)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	452,358	645,368	36,311	-	(1,134,037)	-
Earnings (losses) from equity-method				-
investments, net	-	(287)	-	-	-	(287)
Gain on sale of equity-method investment	-	17,880	-	-	-	17,880

Income (loss) from continuing operations before
income taxes	452,047	454,333	670,159	44,588	(1,134,037)	487,090

Income taxes	164,857	-	-	15,366	-	180,223

Net income (loss) from continuing operations	287,190	454,333	670,159	29,222	(1,134,037)	306,867

Discontinued operations, net of income tax	2,470	(1,975)	(14,693)	(3,009)	-	(17,207)

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Unrealized net loss on investment securities, net of tax	(642)	(642)	-	-	642	(642)
Change in cumulative translation adjustment	7,146	7,146	1,073	7,146	(15,365)	7,146

Comprehensive income (loss)	$ 296,164	$ 458,862	$ 656,539	$ 33,359	$ (1,148,760)	$ 296,164



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,176,163	$ 279,475	$ (53,706)	$ 1,401,932

Cost of services (exclusive of items shown
separately below)	-	-	600,340	205,954	(53,481)	752,813
Depreciation, depletion, amortization and
accretion	-	388	145,731	31,532	-	177,651
General and administrative expenses	611	56,360	162,817	52,680	(225)	272,243

Income (loss) from operations	(611)	(56,748)	267,275	(10,691)	-	199,225

Other income (expense):
Interest expense, net	-	(50,691)	3,523	(141)	-	(47,309)
Intercompany interest income (expense)	-	19,633	-	(19,633)	-	-
Earnings (losses) from consolidated subsidiaries	190,643	267,082	2,062	-	(459,787)	-
Earnings (losses) from equity-method
investments, net	-	12,598	-	1,126	-	13,724

Income (loss) from continuing operations before
income taxes	190,032	191,874	272,860	(29,339)	(459,787)	165,640

Income taxes	57,057	-	-	2,532	-	59,589

Net income (loss) from continuing operations	132,975	191,874	272,860	(31,871)	(459,787)	106,051

Discontinued operations, net of income tax	(9,783)	(1,231)	28,289	(134)	-	17,141

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192
Change in cumulative translation adjustment	2,539	2,539	-	2,539	(5,078)	2,539

Comprehensive income (loss)	$ 125,731	$ 193,182	$ 301,149	$ (29,466)	$ (464,865)	$ 125,731

* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	527	307,270	59,721	-	367,518
Deferred income taxes	(18,204)	-	-	3,459	-	(14,745)
Excess tax benefit from stock-based compensation	(1,537)	-	-	-	-	(1,537)
Gain on sale of equity-method investment	-	(17,880)	-	-	-	(17,880)
Stock-based and performance share unit compensation
expense	-	27,845	-	-	-	27,845
Retirement and deferred compensation plan expense	-	1,455	-	-	-	1,455
(Earnings) losses from consolidated subsidiaries	(452,358)	(645,368)	(36,311)	-	1,134,037	-
(Earnings) losses from equity-method investments, net
of cash received	-	2,787	-	553	-	3,340
Amortization of debt acquisition costs and note
discount	-	7,439	-	-	-	7,439
Loss on sale of businesses	-	-	6,649	-	-	6,649
Write-off of debt acquisition costs and discount	-	2,714	-	746	-	3,460
Other reconciling items, net	-	3,139	(1,780)	223	-	1,582
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(172)	(126,960)	(17,184)	-	(144,316)
Inventory and other current assets	-	121	90,221	(5,223)	-	85,119
Accounts payable	-	1,180	(8,524)	6,587	-	(757)
Accrued expenses	(24)	9,049	(52,395)	13,535	-	(29,835)
Decommissioning liabilities	-	-	(4,566)	(58)	-	(4,624)
Income taxes	145,424	-	-	(3,508)	-	141,916
Other, net	(51)	(4,087)	(6,379)	(15,184)	-	(25,701)

Net cash provided by (used in) operating activities	(37,090)	(158,893)	822,691	69,880	-	696,588

Cash flows from investing activities:
Payments for capital expenditures	-	(5,041)	(799,330)	(113,822)	-	(918,193)
Sale of available-for-sale securities	-	31,150	-	-	-	31,150
Acquisitions of businesses, net of cash acquired	-	(1,229,327)	106,952	49,843	-	(1,072,532)
Change in restricted cash held for acquisition of business	-	785,280	-	-	-	785,280
Cash proceeds from sale of businesses	-	183,094	-	-	-	183,094
Cash proceeds from the sale of equity-method investment		34,087				34,087
Other	-	-	25,022	3,416	-	28,438
Intercompany receivables/payables	19,834	108,725	(140,900)	12,341	-	-

Net cash provided by (used in) investing activities	19,834	(92,032)	(808,256)	(48,222)	-	(928,676)

Cash flows from financing activities:
Net payments on revolving line of credit	-	15,000	-	-	-	15,000
Proceeds from long-term debt	-	400,000	-	-	-	400,000
Principal payments on long-term debt	-	(160,000)	-	(12,546)	-	(172,546)
Payment of debt acquisition costs	-	(25,266)	-	-	-	(25,266)
Proceeds from exercise of stock options	13,915	-	-	-	-	13,915
Excess tax benefit from stock-based compensation	1,537	-	-	-	-	1,537
Proceeds from issuance of stock through employee benefit plans	2,193	-	-	-	-	2,193
Other	(389)	(2,519)	-	(2,935)	-	(5,843)

Net cash provided by (used in) financing activities	17,256	227,215	-	(15,481)	-	228,990

Effect of exchange rate changes on cash	-	-	-	1,910	-	1,910

Net increase (decrease) in cash and cash equivalents	-	(23,710)	14,435	8,087	-	(1,188)

Cash and cash equivalents at beginning of period	-	29,057	6,272	44,945	-	80,274

Cash and cash equivalents at end of period	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2011
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	388	154,827	32,337	-	187,552
Deferred income taxes	39,503	-	-	(603)	-	38,900
Excess tax benefit from stock-based compensation	(10,262)	-	-	-	-	(10,262)
Stock-based and performance share unit compensation
expense	-	10,273	-	-	-	10,273
Retirement and deferred compensation plan expense	-	1,994	-	-	-	1,994
(Earnings) losses from consolidated subsidiaries	(190,643)	(267,082)	(2,062)	-	459,787	-
(Earnings) losses from equity-method investments, net
of cash received	-	(11,061)	-	(1,126)	-	(12,187)
Amortization of debt acquisition costs and note						-
discount	-	19,321	-	12	-	19,333
Gain on sale of businesses	-	-	(8,558)	-	-	(8,558)
Other reconciling items, net	-	(1,279)	(3,380)	-	-	(4,659)
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(1,072)	(23,515)	(4,012)	-	(28,599)
Inventory and other current assets	-	99	14,281	(2,965)	-	11,415
Accounts payable	-	(2,956)	2,830	3,190	-	3,064
Accrued expenses	(13)	9,810	11,034	6,376	-	27,207
Income taxes	5,444	-	-	(4,667)	-	777
Other, net	(44)	(4,798)	8,395	(870)	-	2,683

Net cash provided by (used in) operating activities	(32,823)	(55,720)	455,001	(4,333)	-	362,125

Cash flows from investing activities:
Payments for capital expenditures	-	(70)	(263,983)	(65,176)	-	(329,229)
Purchases of short-term investments, net	-	(223,491)	-	-	-	(223,491)
Acquisitions of businesses, net of cash acquired	-	-	(200)	(548)	-	(748)
Cash proceeds from sale of businesses	-	-	22,349	-	-	22,349
Other	-	-	(720)	-	-	(720)
Intercompany receivables/payables	10,648	123,465	(212,895)	78,782	-	-

Net cash provided by (used in) investing activities	10,648	(100,096)	(455,449)	13,058	-	(531,839)

Cash flows from financing activities:
Net payments on revolving line of credit	-	(175,000)	-	-	-	(175,000)
Proceeds from issuance of long-term debt	-	500,000	-	-	-	500,000
Principal payments on long-term debt	-	-	-	(405)	-	(405)
Payment of debt acquisition costs	-	(9,558)	-	-	-	(9,558)
Proceeds from exercise of stock options	10,211	-	-	-	-	10,211
Excess tax benefit from stock-based compensation	10,262	-	-	-	-	10,262
Proceeds from issuance of stock through employee benefit plans	1,702	-	-	-	-	1,702
Other	-	(6,100)	-	(2,353)	-	(8,453)

Net cash provided by (used in) financing activities	22,175	309,342	-	(2,758)	-	328,759

Effect of exchange rate changes on cash	-	-	-	409	-	409

Net increase (decrease) in cash and cash equivalents	-	153,526	(448)	6,376	-	159,454	-

Cash and cash equivalents at beginning of period	-	-	5,493	45,234	-	50,727

Cash and cash equivalents at end of period	$ -	$ 153,526	$ 5,045	$ 51,610	$ -	$ 210,181

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References + Details

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Acquisitions [Abstract]

Consideration paid and the provisional fair value of the assets acquired and liabilities



Assets:
Current assets		$ 751,706
Property, plant and equipment		1,223,448
Goodwill		1,922,277
Intangible and other long-term assets		370,377

Liabilities:
Current liabilities		236,986
Deferred income taxes		435,904
Other long-term liabilities		4,125

Net assets acquired		$ 3,590,793

Fair value estimates recorded for the identifiable intangible assets



	Estimated Fair Value	Estimated Useful Life

Customer relationships	$ 315,000	17 years
Trade names	35,000	10 years

Total identifiable intangible assets	$ 350,000

Supplemental pro forma results



	Revenue	Net income from continuing operations	Basic earnings per share	Diluted earnings per share


Actual results of acquisitions from date
of acquisitions through September 30, 2012	$ 1,644,736	$ 195,924	$ 1.34	$ 1.32

Supplemental pro forma for the Company:

Three months ended September 30, 2012	$ 1,186,161	$ 95,184	$ 0.61	$ 0.60

Nine months ended September 30, 2012	$ 3,678,070	$ 350,297	$ 2.24	$ 2.21

Three months ended September 30, 2011	$ 1,114,552	$ 111,083	$ 0.72	$ 0.71

Nine months ended September 30, 2011	$ 3,003,020	$ 249,724	$ 1.62	$ 1.60

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Dispositions (Tables)

9 Months Ended

Sep. 30, 2012

Dispositions [Abstract]

Components of income (loss) from discontinued operations



	Three Months	Nine Months
	2011	2012	2011

Revenues	$ 28,300	$ 16,231	$ 88,198

Income (loss) from discontinued operations before income tax	7,492	(8,249)	18,291

Income tax expense (benefit)	2,711	(1,771)	6,605

Gain (loss) on disposition, net of tax (benefit) expense of ($2,391)
for the nine months ended September 30, 2012, and $3,103
for the nine months ended September 30, 2011, respectively	-	(10,729)	5,455

Income (loss) from discontinued operations, net of tax	$ 4,781	$ (17,207)	$ 17,141

Assets and liabilities of disposal groups



Accounts receivable, net		$ 16,342
Prepaid expenses		1,900
Inventory and other current assets		2,371
Current assets of discontinued operations		$ 20,613

Property, plant and equipment, net		170,222
Goodwill		9,740
Intangible and other long-term assets, net		3,875
Long-term assets of discontinued operations		$ 183,837

Accounts payable		$ 1,231
Accrued expenses		13,421
Current maturities of long-term debt		810
Current liabilities of discontinued operations		$ 15,462

Long-term debt		$ 11,736

Decommissioning Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Decommissioning Liabilities [Abstract]

Summary the activity for company's decommissioning liabilities



	Nine Months Ended
	September 30,
	2012	2011

Decommissioning liabilities, December 31, 2011 and 2010, respectively	$ 123,176	$ 117,716
Liabilities acquired and incurred	3,573	-
Liabilities settled	(4,624)	-
Accretion	3,260	5,038
Revision in estimated liabilities	(34,373)	(292)

Total decommissioning liabilities, September 30, 2012 and 2011, respectively	91,012	122,462

Less: current portion of decommissioning liabilities at September 30, 2012 and 2011, respectively	-	17,090

Long-term decommissioning liabilities, September 30, 2012 and 2011, respectively	$ 91,012	$ 105,372

Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Summary of financial information for the Company's segments



Three Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 984,783	$ 194,882	$ -	$ 1,179,665
Cost of services
(exclusive of items shown separately below)	646,649	61,959	-	708,608
Depreciation, depletion, amortization and accretion	90,376	37,784	-	128,160
General and administrative expenses	131,078	32,380	-	163,458
Income from operations	116,680	62,759	-	179,439
Interest income (expense), net	697	-	(28,815)	(28,118)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)

Income (loss) from continuing operations
before income taxes	$ 117,377	$ 62,759	$ (31,109)	$ 149,027



Three Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 373,586	$ 163,456	$ -	$ 537,042
Cost of services
(exclusive of items shown separately below)	226,586	58,538	-	285,124
Depreciation, depletion, amortization and accretion	28,592	33,215	-	61,807
General and administrative expenses	64,950	28,863	-	93,813
Income from operations	53,458	42,840	-	96,298
Interest income (expense), net	1,248	-	(20,142)	(18,894)
Earnings from equity-method
investments, net	-	-	8,198	8,198

Income (loss) from continuing operations
before income taxes	$ 54,706	$ 42,840	$ (11,944)	$ 85,602



Nine Months Ended September 30, 2012

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 2,807,432	$ 582,389	$ -	$ 3,389,821
Cost of services
(exclusive of items shown separately below)	1,775,649	191,010	-	1,966,659
Depreciation, depletion, amortization and accretion	255,072	111,200	-	366,272
General and administrative expenses	396,123	100,875	-	496,998
Income from operations	380,588	179,304	-	559,892
Interest income (expense), net	2,106	-	(90,207)	(88,101)
Loss on early extinguishment of debt	-	-	(2,294)	(2,294)
Losses from equity-method
investments, net	-	-	(287)	(287)
Gain on sale of equity-method investment	-	-	17,880	17,880

Income (loss) from continuing operations
before income taxes	$ 382,694	$ 179,304	$ (74,908)	$ 487,090



Nine Months Ended September 30, 2011

	Subsea and	Drilling
	Well	Products and		Consolidated
	Enhancement	Services	Unallocated	Total

Revenues	$ 961,039	$ 440,893	$ -	$ 1,401,932
Cost of services
(exclusive of items shown separately below)	590,951	161,862	-	752,813
Depreciation, depletion, amortization and accretion	81,424	96,227	-	177,651
General and administrative expenses	183,040	89,203	-	272,243
Income from operations	105,624	93,601	-	199,225
Interest income (expense), net	3,483	-	(50,792)	(47,309)
Earnings from equity-method
investments, net	-	-	13,724	13,724

Income (loss) from continuing operations
before income taxes	$ 109,107	$ 93,601	$ (37,068)	$ 165,640

Identifiable Assets



Identifiable Assets

	Subsea and	Drilling
	Well	Products and			Consolidated
	Enhancement	Services	Marine	Unallocated	Total

September 30, 2012	$ 6,718,059	$ 1,051,235	$ -	$ 20,324	$ 7,789,618

December 31, 2011	$ 2,863,550	$ 947,679	$ 164,444	$ 72,472	$ 4,048,145

Company's information by geographic area



Revenues:	Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011

United States	$ 976,984	$ 397,718	$ 2,826,544	$ 1,035,759
Other Countries	202,681	139,324	563,277	366,173

Total	$ 1,179,665	$ 537,042	$ 3,389,821	$ 1,401,932

Long-Lived Assets:	September 30,	December 31,
	2012	2011

United States	$ 2,623,401	$ 1,060,483
Other Countries	539,872	446,885

Total, net	$ 3,163,273	$ 1,507,368

- 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.

+ References + Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Summary of financial assets and liabilities measured at fair value on recurring basis



		Fair Value Measurements at Reporting Date Using
	September 30, 2012	Level 1	Level 2	Level 3

Available-for-sale securities	$ 20,321	$ 20,321	-	-

Intangible and other long-term assets
Non-qualified deferred compensation assets	$ 11,265	$ 825	$ 10,440	-
Interest rate swap	$ 1,039	-	$ 1,039	-

Accounts payable
Non-qualified deferred compensation liabilities	$ 2,425	-	$ 2,425	-
Contingent consideration	$ 10,815	-	-	$ 10,815

Other long-term liabilities
Non-qualified deferred compensation liabilities	$ 13,230	-	$ 13,230	-

	December 31, 2011	Level 1	Level 2	Level 3
Intangible and other long-term assets
Non-qualified deferred compensation assets	$ 10,597	$ 815	$ 9,782	-
Interest rate swap	$ 1,904	-	$ 1,904	-

Accounts payable
Non-qualified deferred compensation liabilities	$ 2,790	-	$ 2,790	-

Other long-term liabilities
Non-qualified deferred compensation liabilities	$ 12,975	-	$ 12,975	-

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Financial Instruments [Abstract]

Location and effect of the derivative instrument on the statements of operations



		Amount of (gain) loss recognized

	Location of (gain) loss recognized	Three Months Ended September 30, 2012	Three Months Ended September 30, 2011

Interest rate swap	Interest expense, net	$ (1,079)	$ 350
Hedged item - debt	Interest expense, net	682	(788)
		$ (397)	$ (438)



	Location of (gain) loss recognized	Nine Months Ended September 30, 2012	Nine Months Ended September 30, 2011

Interest rate swap	Interest expense, net	$ (4,235)	$ 230
Hedged item - debt	Interest expense, net	3,196	(1,409)
		$ (1,039)	$ (1,179)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

Financial Information Related to Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2012

Financial Information Related to Guarantor Subsidiaries [Abstract]

Consolidating Balance Sheets



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086
Accounts receivable, net	-	703	957,210	232,004	(60,203)	1,129,714
Deferred Income Taxes	31,306	-	-	-	-	31,306
Income taxes receivable	-	-	-	1,802	(1,802)	-
Prepaid expenses	85	8,905	47,710	45,506	-	102,206
Inventory and other current assets	-	1,675	153,994	24,528	-	180,197
Available-for-sale securities	-	20,321	-	-	-	20,321

Total current assets	31,391	36,951	1,179,621	356,872	(62,005)	1,542,830

Property, plant and equipment, net	-	6,603	2,526,831	629,839	-	3,163,273
Goodwill	-	-	2,119,477	408,835	-	2,528,312
Notes receivable	-	-	44,129	-	-	44,129
Investments in subsidiaries	2,108,911	4,776,411	577,825	-	(7,463,147)	-
Intangible and other long-term assets, net	-	59,511	372,614	78,949	-	511,074

Total assets	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 5,487	$ 207,140	$ 111,032	$ (54,847)	$ 268,812
Accrued expenses	139	72,792	212,310	80,839	(5,433)	360,647
Income taxes payable	150,659	-	-	-	(1,802)	148,857
Current maturities of long-term debt	-	20,000	-	-	-	20,000

Total current liabilities	150,798	98,279	419,450	191,871	(62,082)	798,316

Deferred income taxes	709,077	-	-	17,957	-	727,034
Decommissioning liabilities	-	-	88,797	2,215	-	91,012
Long-term debt, net	-	1,909,416	-	-	-	1,909,416
Intercompany payables/(receivables)	(2,874,432)	730,801	2,706,197	(42,265)	(520,301)	-
Other long-term liabilities	5,790	32,069	24,811	52,101	-	114,771

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	157	-	782	4,212	(4,994)	157
Additional paid in capital	2,846,236	124,271	687,939	1,118,727	(1,930,937)	2,846,236
Accumulated other comprehensive
income (loss), net	(20,432)	(20,432)	1,073	(19,790)	39,149	(20,432)
Retained earnings (accumulated deficit)	1,323,108	2,005,072	2,891,448	149,467	(5,045,987)	1,323,108

Total stockholders' equity (deficit)	4,149,069	2,108,911	3,581,242	1,252,616	(6,942,769)	4,149,069

Total liabilities and stockholders' equity	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618

Consolidating Statements of Operations and Consolidating Statements of Comprehensive Income



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,003,373	$ 198,277	$ (21,985)	$ 1,179,665

Cost of services (exclusive of items shown
separately below)	-	-	597,931	132,617	(21,940)	708,608
Depreciation, depletion, amortization and
accretion	-	158	103,838	24,164	-	128,160
General and administrative expenses	83	31,229	102,073	30,118	(45)	163,458

Income (loss) from operations	(83)	(31,387)	199,531	11,378	-	179,439

Other income (expense):
Interest expense, net	-	(28,592)	1,253	(779)	-	(28,118)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	146,257	208,530	8,110	-	(362,897)	-

Income (loss) from continuing operations before
income taxes	146,174	146,257	208,894	10,599	(362,897)	149,027

Income taxes	52,288	-	-	2,852	-	55,140

Net income (loss) from continuing operations	93,886	146,257	208,894	7,747	(362,897)	93,887

Discontinued operations, net of income tax	-	-	-	-	-	-

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887
Unrealized net loss on investment securities, net of tax	2,198	2,198	-	-	(2,198)	2,198
Change in cumulative translation adjustment	7,216	7,216	1,529	7,216	(15,961)	7,216

Comprehensive income (loss)	$ 103,300	$ 155,671	$ 210,423	$ 14,963	$ (381,056)	$ 103,301



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 450,186	$ 104,476	$ (17,620)	$ 537,042

Cost of services (exclusive of items shown
separately below)	-	-	222,930	79,716	(17,522)	285,124
Depreciation, depletion, amortization and
accretion	-	131	51,634	10,042	-	61,807
General and administrative expenses	81	17,880	58,426	17,524	(98)	93,813

Income (loss) from operations	(81)	(18,011)	117,196	(2,806)	-	96,298

Other income (expense):
Interest expense, net	-	(20,631)	1,253	484	-	(18,894)
Intercompany interest income (expense)	-	6,822	-	(6,822)	-	-
Earnings (losses) from consolidated subsidiaries	94,682	118,768	881	-	(214,331)	-
Earnings (losses) from equity-method
investments, net	-	8,198	-	-	-	8,198

Income (loss) from continuing operations before
income taxes	94,601	95,146	119,330	(9,144)	(214,331)	85,602

Income taxes	32,268	-	-	(1,465)	-	30,803

Net income (loss) from continuing operations	62,333	95,146	119,330	(7,679)	(214,331)	54,799

Discontinued operations, net of income tax	(2,753)	(464)	8,073	(75)	-	4,781

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580
Change in cumulative translation adjustment	(6,027)	(6,027)	-	(6,027)	12,054	(6,027)

Comprehensive income (loss)	$ 53,553	$ 88,655	$ 127,403	$ (13,781)	$ (202,277)	$ 53,553


* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 2,933,132	$ 562,010	$ (105,321)	$ 3,389,821

Cost of services (exclusive of items shown
separately below)	-	-	1,693,002	378,848	(105,191)	1,966,659
Depreciation, depletion, amortization and
accretion	-	527	306,161	59,584	-	366,272
General and administrative expenses	311	117,485	302,567	76,765	(130)	496,998

Income (loss) from operations	(311)	(118,012)	631,402	46,813	-	559,892

Other income (expense):
Interest expense, net	-	(88,322)	2,446	(2,225)	-	(88,101)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	452,358	645,368	36,311	-	(1,134,037)	-
Earnings (losses) from equity-method				-
investments, net	-	(287)	-	-	-	(287)
Gain on sale of equity-method investment	-	17,880	-	-	-	17,880

Income (loss) from continuing operations before
income taxes	452,047	454,333	670,159	44,588	(1,134,037)	487,090

Income taxes	164,857	-	-	15,366	-	180,223

Net income (loss) from continuing operations	287,190	454,333	670,159	29,222	(1,134,037)	306,867

Discontinued operations, net of income tax	2,470	(1,975)	(14,693)	(3,009)	-	(17,207)

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Unrealized net loss on investment securities, net of tax	(642)	(642)	-	-	642	(642)
Change in cumulative translation adjustment	7,146	7,146	1,073	7,146	(15,365)	7,146

Comprehensive income (loss)	$ 296,164	$ 458,862	$ 656,539	$ 33,359	$ (1,148,760)	$ 296,164

Condensed Consolidating Statements of Cash Flows

(19)	Financial Information Related to Guarantor Subsidiaries



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086
Accounts receivable, net	-	703	957,210	232,004	(60,203)	1,129,714
Deferred Income Taxes	31,306	-	-	-	-	31,306
Income taxes receivable	-	-	-	1,802	(1,802)	-
Prepaid expenses	85	8,905	47,710	45,506	-	102,206
Inventory and other current assets	-	1,675	153,994	24,528	-	180,197
Available-for-sale securities	-	20,321	-	-	-	20,321

Total current assets	31,391	36,951	1,179,621	356,872	(62,005)	1,542,830

Property, plant and equipment, net	-	6,603	2,526,831	629,839	-	3,163,273
Goodwill	-	-	2,119,477	408,835	-	2,528,312
Notes receivable	-	-	44,129	-	-	44,129
Investments in subsidiaries	2,108,911	4,776,411	577,825	-	(7,463,147)	-
Intangible and other long-term assets, net	-	59,511	372,614	78,949	-	511,074

Total assets	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 5,487	$ 207,140	$ 111,032	$ (54,847)	$ 268,812
Accrued expenses	139	72,792	212,310	80,839	(5,433)	360,647
Income taxes payable	150,659	-	-	-	(1,802)	148,857
Current maturities of long-term debt	-	20,000	-	-	-	20,000

Total current liabilities	150,798	98,279	419,450	191,871	(62,082)	798,316

Deferred income taxes	709,077	-	-	17,957	-	727,034
Decommissioning liabilities	-	-	88,797	2,215	-	91,012
Long-term debt, net	-	1,909,416	-	-	-	1,909,416
Intercompany payables/(receivables)	(2,874,432)	730,801	2,706,197	(42,265)	(520,301)	-
Other long-term liabilities	5,790	32,069	24,811	52,101	-	114,771

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	157	-	782	4,212	(4,994)	157
Additional paid in capital	2,846,236	124,271	687,939	1,118,727	(1,930,937)	2,846,236
Accumulated other comprehensive
income (loss), net	(20,432)	(20,432)	1,073	(19,790)	39,149	(20,432)
Retained earnings (accumulated deficit)	1,323,108	2,005,072	2,891,448	149,467	(5,045,987)	1,323,108

Total stockholders' equity (deficit)	4,149,069	2,108,911	3,581,242	1,252,616	(6,942,769)	4,149,069

Total liabilities and stockholders' equity	$ 2,140,302	$ 4,879,476	$ 6,820,497	$ 1,474,495	$ (7,525,152)	$ 7,789,618



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
December 31, 2011
(in thousands)
(audited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 29,057	$ 6,272	$ 44,945	$ -	$ 80,274
Accounts receivable, net	-	531	437,963	143,444	(41,336)	540,602
Income taxes receivable	-	-	-	698	(698)	-
Prepaid expenses	34	3,893	9,796	20,314	-	34,037
Inventory and other current assets	-	1,796	214,381	12,132	-	228,309

Total current assets	34	35,277	668,412	221,533	(42,034)	883,222

Property, plant and equipment, net	-	2,758	1,096,036	408,574	-	1,507,368
Goodwill	-	-	437,614	143,765	-	581,379
Notes receivable	-	-	73,568	-	-	73,568
Investments in subsidiaries	1,650,049	2,833,659	20,062	-	(4,503,770)	-
Equity-method investments	-	70,614	-	1,858	-	72,472
Intangible and other long-term assets, net	-	828,447	71,625	30,064	-	930,136

Total assets	1,650,083	3,770,755	2,367,317	805,794	(4,545,804)	4,048,145

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 4,307	$ 128,996	$ 86,723	$ (41,381)	$ 178,645
Accrued expenses	164	54,000	105,512	38,503	(605)	197,574
Income taxes payable	1,415	-	-	-	(698)	717
Deferred income taxes	831	-	-	-	-	831
Current portion of decommissioning liabilities	-	-	14,956	-	-	14,956
Current maturities of long-term debt	-	-	-	810	-	810

Total current liabilities	2,410	58,307	249,464	126,036	(42,684)	393,533

Deferred income taxes	285,871	-	-	11,587	-	297,458
Decommissioning liabilities	-	-	108,220	-	-	108,220
Long-term debt, net	-	1,673,351	-	11,736	-	1,685,087
Intercompany payables/(receivables)	(96,989)	356,668	(253,053)	(7,276)	650	-
Other long-term liabilities	5,192	32,380	26,704	45,972	-	110,248

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	80	-	-	4,212	(4,212)	80
Additional paid in capital	447,007	124,271	-	517,209	(641,480)	447,007
Accumulated other comprehensive
income (loss), net	(26,936)	(26,936)	-	(26,936)	53,872	(26,936)
Retained earnings (accumulated deficit)	1,033,448	1,552,714	2,235,982	123,254	(3,911,950)	1,033,448

Total stockholders' equity (deficit)	1,453,599	1,650,049	2,235,982	617,739	(4,503,770)	1,453,599

Total liabilities and stockholders' equity	$ 1,650,083	$ 3,770,755	$ 2,367,317	$ 805,794	$ (4,545,804)	$ 4,048,145



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,003,373	$ 198,277	$ (21,985)	$ 1,179,665

Cost of services (exclusive of items shown
separately below)	-	-	597,931	132,617	(21,940)	708,608
Depreciation, depletion, amortization and
accretion	-	158	103,838	24,164	-	128,160
General and administrative expenses	83	31,229	102,073	30,118	(45)	163,458

Income (loss) from operations	(83)	(31,387)	199,531	11,378	-	179,439

Other income (expense):
Interest expense, net	-	(28,592)	1,253	(779)	-	(28,118)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	146,257	208,530	8,110	-	(362,897)	-

Income (loss) from continuing operations before
income taxes	146,174	146,257	208,894	10,599	(362,897)	149,027

Income taxes	52,288	-	-	2,852	-	55,140

Net income (loss) from continuing operations	93,886	146,257	208,894	7,747	(362,897)	93,887

Discontinued operations, net of income tax	-	-	-	-	-	-

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 93,886	$ 146,257	$ 208,894	$ 7,747	$ (362,897)	$ 93,887
Unrealized net loss on investment securities, net of tax	2,198	2,198	-	-	(2,198)	2,198
Change in cumulative translation adjustment	7,216	7,216	1,529	7,216	(15,961)	7,216

Comprehensive income (loss)	$ 103,300	$ 155,671	$ 210,423	$ 14,963	$ (381,056)	$ 103,301



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 450,186	$ 104,476	$ (17,620)	$ 537,042

Cost of services (exclusive of items shown
separately below)	-	-	222,930	79,716	(17,522)	285,124
Depreciation, depletion, amortization and
accretion	-	131	51,634	10,042	-	61,807
General and administrative expenses	81	17,880	58,426	17,524	(98)	93,813

Income (loss) from operations	(81)	(18,011)	117,196	(2,806)	-	96,298

Other income (expense):
Interest expense, net	-	(20,631)	1,253	484	-	(18,894)
Intercompany interest income (expense)	-	6,822	-	(6,822)	-	-
Earnings (losses) from consolidated subsidiaries	94,682	118,768	881	-	(214,331)	-
Earnings (losses) from equity-method
investments, net	-	8,198	-	-	-	8,198

Income (loss) from continuing operations before
income taxes	94,601	95,146	119,330	(9,144)	(214,331)	85,602

Income taxes	32,268	-	-	(1,465)	-	30,803

Net income (loss) from continuing operations	62,333	95,146	119,330	(7,679)	(214,331)	54,799

Discontinued operations, net of income tax	(2,753)	(464)	8,073	(75)	-	4,781

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Three Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 59,580	$ 94,682	$ 127,403	$ (7,754)	$ (214,331)	$ 59,580
Change in cumulative translation adjustment	(6,027)	(6,027)	-	(6,027)	12,054	(6,027)

Comprehensive income (loss)	$ 53,553	$ 88,655	$ 127,403	$ (13,781)	$ (202,277)	$ 53,553


* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 2,933,132	$ 562,010	$ (105,321)	$ 3,389,821

Cost of services (exclusive of items shown
separately below)	-	-	1,693,002	378,848	(105,191)	1,966,659
Depreciation, depletion, amortization and
accretion	-	527	306,161	59,584	-	366,272
General and administrative expenses	311	117,485	302,567	76,765	(130)	496,998

Income (loss) from operations	(311)	(118,012)	631,402	46,813	-	559,892

Other income (expense):
Interest expense, net	-	(88,322)	2,446	(2,225)	-	(88,101)
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	452,358	645,368	36,311	-	(1,134,037)	-
Earnings (losses) from equity-method				-
investments, net	-	(287)	-	-	-	(287)
Gain on sale of equity-method investment	-	17,880	-	-	-	17,880

Income (loss) from continuing operations before
income taxes	452,047	454,333	670,159	44,588	(1,134,037)	487,090

Income taxes	164,857	-	-	15,366	-	180,223

Net income (loss) from continuing operations	287,190	454,333	670,159	29,222	(1,134,037)	306,867

Discontinued operations, net of income tax	2,470	(1,975)	(14,693)	(3,009)	-	(17,207)

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Unrealized net loss on investment securities, net of tax	(642)	(642)	-	-	642	(642)
Change in cumulative translation adjustment	7,146	7,146	1,073	7,146	(15,365)	7,146

Comprehensive income (loss)	$ 296,164	$ 458,862	$ 656,539	$ 33,359	$ (1,148,760)	$ 296,164



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,176,163	$ 279,475	$ (53,706)	$ 1,401,932

Cost of services (exclusive of items shown
separately below)	-	-	600,340	205,954	(53,481)	752,813
Depreciation, depletion, amortization and
accretion	-	388	145,731	31,532	-	177,651
General and administrative expenses	611	56,360	162,817	52,680	(225)	272,243

Income (loss) from operations	(611)	(56,748)	267,275	(10,691)	-	199,225

Other income (expense):
Interest expense, net	-	(50,691)	3,523	(141)	-	(47,309)
Intercompany interest income (expense)	-	19,633	-	(19,633)	-	-
Earnings (losses) from consolidated subsidiaries	190,643	267,082	2,062	-	(459,787)	-
Earnings (losses) from equity-method
investments, net	-	12,598	-	1,126	-	13,724

Income (loss) from continuing operations before
income taxes	190,032	191,874	272,860	(29,339)	(459,787)	165,640

Income taxes	57,057	-	-	2,532	-	59,589

Net income (loss) from continuing operations	132,975	191,874	272,860	(31,871)	(459,787)	106,051

Discontinued operations, net of income tax	(9,783)	(1,231)	28,289	(134)	-	17,141

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Nine Months Ended September 30, 2011 *
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192
Change in cumulative translation adjustment	2,539	2,539	-	2,539	(5,078)	2,539

Comprehensive income (loss)	$ 125,731	$ 193,182	$ 301,149	$ (29,466)	$ (464,865)	$ 125,731

* As adjusted for discontinued operations



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2012
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 289,660	$ 452,358	$ 655,466	$ 26,213	$ (1,134,037)	$ 289,660
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	527	307,270	59,721	-	367,518
Deferred income taxes	(18,204)	-	-	3,459	-	(14,745)
Excess tax benefit from stock-based compensation	(1,537)	-	-	-	-	(1,537)
Gain on sale of equity-method investment	-	(17,880)	-	-	-	(17,880)
Stock-based and performance share unit compensation
expense	-	27,845	-	-	-	27,845
Retirement and deferred compensation plan expense	-	1,455	-	-	-	1,455
(Earnings) losses from consolidated subsidiaries	(452,358)	(645,368)	(36,311)	-	1,134,037	-
(Earnings) losses from equity-method investments, net
of cash received	-	2,787	-	553	-	3,340
Amortization of debt acquisition costs and note
discount	-	7,439	-	-	-	7,439
Loss on sale of businesses	-	-	6,649	-	-	6,649
Write-off of debt acquisition costs and discount	-	2,714	-	746	-	3,460
Other reconciling items, net	-	3,139	(1,780)	223	-	1,582
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(172)	(126,960)	(17,184)	-	(144,316)
Inventory and other current assets	-	121	90,221	(5,223)	-	85,119
Accounts payable	-	1,180	(8,524)	6,587	-	(757)
Accrued expenses	(24)	9,049	(52,395)	13,535	-	(29,835)
Decommissioning liabilities	-	-	(4,566)	(58)	-	(4,624)
Income taxes	145,424	-	-	(3,508)	-	141,916
Other, net	(51)	(4,087)	(6,379)	(15,184)	-	(25,701)

Net cash provided by (used in) operating activities	(37,090)	(158,893)	822,691	69,880	-	696,588

Cash flows from investing activities:
Payments for capital expenditures	-	(5,041)	(799,330)	(113,822)	-	(918,193)
Sale of available-for-sale securities	-	31,150	-	-	-	31,150
Acquisitions of businesses, net of cash acquired	-	(1,229,327)	106,952	49,843	-	(1,072,532)
Change in restricted cash held for acquisition of business	-	785,280	-	-	-	785,280
Cash proceeds from sale of businesses	-	183,094	-	-	-	183,094
Cash proceeds from the sale of equity-method investment		34,087				34,087
Other	-	-	25,022	3,416	-	28,438
Intercompany receivables/payables	19,834	108,725	(140,900)	12,341	-	-

Net cash provided by (used in) investing activities	19,834	(92,032)	(808,256)	(48,222)	-	(928,676)

Cash flows from financing activities:
Net payments on revolving line of credit	-	15,000	-	-	-	15,000
Proceeds from long-term debt	-	400,000	-	-	-	400,000
Principal payments on long-term debt	-	(160,000)	-	(12,546)	-	(172,546)
Payment of debt acquisition costs	-	(25,266)	-	-	-	(25,266)
Proceeds from exercise of stock options	13,915	-	-	-	-	13,915
Excess tax benefit from stock-based compensation	1,537	-	-	-	-	1,537
Proceeds from issuance of stock through employee benefit plans	2,193	-	-	-	-	2,193
Other	(389)	(2,519)	-	(2,935)	-	(5,843)

Net cash provided by (used in) financing activities	17,256	227,215	-	(15,481)	-	228,990

Effect of exchange rate changes on cash	-	-	-	1,910	-	1,910

Net increase (decrease) in cash and cash equivalents	-	(23,710)	14,435	8,087	-	(1,188)

Cash and cash equivalents at beginning of period	-	29,057	6,272	44,945	-	80,274

Cash and cash equivalents at end of period	$ -	$ 5,347	$ 20,707	$ 53,032	$ -	$ 79,086



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2011
(in thousands)
(unaudited)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 123,192	$ 190,643	$ 301,149	$ (32,005)	$ (459,787)	$ 123,192
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	388	154,827	32,337	-	187,552
Deferred income taxes	39,503	-	-	(603)	-	38,900
Excess tax benefit from stock-based compensation	(10,262)	-	-	-	-	(10,262)
Stock-based and performance share unit compensation
expense	-	10,273	-	-	-	10,273
Retirement and deferred compensation plan expense	-	1,994	-	-	-	1,994
(Earnings) losses from consolidated subsidiaries	(190,643)	(267,082)	(2,062)	-	459,787	-
(Earnings) losses from equity-method investments, net
of cash received	-	(11,061)	-	(1,126)	-	(12,187)
Amortization of debt acquisition costs and note						-
discount	-	19,321	-	12	-	19,333
Gain on sale of businesses	-	-	(8,558)	-	-	(8,558)
Other reconciling items, net	-	(1,279)	(3,380)	-	-	(4,659)
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(1,072)	(23,515)	(4,012)	-	(28,599)
Inventory and other current assets	-	99	14,281	(2,965)	-	11,415
Accounts payable	-	(2,956)	2,830	3,190	-	3,064
Accrued expenses	(13)	9,810	11,034	6,376	-	27,207
Income taxes	5,444	-	-	(4,667)	-	777
Other, net	(44)	(4,798)	8,395	(870)	-	2,683

Net cash provided by (used in) operating activities	(32,823)	(55,720)	455,001	(4,333)	-	362,125

Cash flows from investing activities:
Payments for capital expenditures	-	(70)	(263,983)	(65,176)	-	(329,229)
Purchases of short-term investments, net	-	(223,491)	-	-	-	(223,491)
Acquisitions of businesses, net of cash acquired	-	-	(200)	(548)	-	(748)
Cash proceeds from sale of businesses	-	-	22,349	-	-	22,349
Other	-	-	(720)	-	-	(720)
Intercompany receivables/payables	10,648	123,465	(212,895)	78,782	-	-

Net cash provided by (used in) investing activities	10,648	(100,096)	(455,449)	13,058	-	(531,839)

Cash flows from financing activities:
Net payments on revolving line of credit	-	(175,000)	-	-	-	(175,000)
Proceeds from issuance of long-term debt	-	500,000	-	-	-	500,000
Principal payments on long-term debt	-	-	-	(405)	-	(405)
Payment of debt acquisition costs	-	(9,558)	-	-	-	(9,558)
Proceeds from exercise of stock options	10,211	-	-	-	-	10,211
Excess tax benefit from stock-based compensation	10,262	-	-	-	-	10,262
Proceeds from issuance of stock through employee benefit plans	1,702	-	-	-	-	1,702
Other	-	(6,100)	-	(2,353)	-	(8,453)

Net cash provided by (used in) financing activities	22,175	309,342	-	(2,758)	-	328,759

Effect of exchange rate changes on cash	-	-	-	409	-	409

Net increase (decrease) in cash and cash equivalents	-	153,526	(448)	6,376	-	159,454	-

Cash and cash equivalents at beginning of period	-	-	5,493	45,234	-	50,727

Cash and cash equivalents at end of period	$ -	$ 153,526	$ 5,045	$ 51,610	$ -	$ 210,181

Acquisitions (Narrative) (Details) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Feb. 06, 2012 USD ($)	Sep. 30, 2012 USD ($) $ / shares shares	Sep. 30, 2012 USD ($) $ / shares	Feb. 07, 2012 USD ($)
Business Acquisition [Line Items]
Stated interest rate on senior notes		8.00%	8.00%
Goodwill acquired				$ 1,922,277
Maximum additional consideration for acquisitions payable through 2012		$ 14,000	$ 14,000
Additional consideration attributable to acquisition		3,000	3,000
OTHERACQUISITIONS[MEMBER]
Business Acquisition [Line Items]
Approximately cash paid		25,500	25,500
Goodwill acquired		22,600	22,600
Additional consideration payment after the settlement of certain liabilities and administrative formalities		5,600	5,600
Maximum additional consideration for acquisitions payable through 2012		4,500	4,500
Additional consideration attributable to acquisition		$ 8,000	$ 8,000
Business Acquisition, Percentage of Voting Interests Acquired		100.00%	100.00%
Complete Production Services Inc [Member]
Business Acquisition [Line Items]
Cash paid to acquire equity interest		$ 2,914,800	$ 2,914,800
Complete stockholders received of a share of the company's common stock		0.945	0.945
Business acquisition cost of acquired entity cash paid per share \| $ / shares		$ 7.00	$ 7.00
Approximately cash paid		$ 553,300	$ 553,300
Business acquisition Equity consideration paid number of shares \| shares		74.7
Approximately cash acquisition		$ 2,308,200	$ 2,308,200
Closing price of our common stock on the merger date \| $ / shares		$ 30.90	$ 30.90
Company will repay of complete debt		$ 676,000
Prepayment premium of senior notes		26,000
Senior notes		$ 650,000	$ 650,000
Estimated Fair Value of Option Issued for Due to Conversion		1.1999	1.1999
Estimated Fair Value of Option and Restricted Stock Issued as Consideration		$ 58,100	$ 58,100
Fair value of options and restricted stock capitalized as part of total consideration		56,600	56,600
Estimated Fair Value of Option Recorded as Part of Consideration Transferred		52,700	52,700
Estimated Fair Value Of Option Recorded As Part Of Consideration Transferred Recorded As Expense		3,900
Amount expensed over remaining service term of replacement stock option awards		1,500
Estimated fair value of options and restricted stock related to pre-combination service recorded as expense		600	600
Additional amount of expensed over remaining service term of replacement restricted stock awards		18,200
Cash and accounts receivable, including unbilled receivables				214,600
Cash and accounts receivable, including unbilled receivables, at fair value				443,700
Gross amount due from customers				449,000
Customers deemed to be doubtful				$ 5,300
Adjustment to present property, plant and equipment acquired at its estimated fair value		$ 45,800
Property, Plant and Equipment, Useful Life, Average		5 years
Goodwill recognized from this acquisition		$ 1,922,300
Overall adjustment to deferred tax		132,000
Total acquisition cost, expense recorded		29,000	$ 33,500
Non-recurring Expenses	$ 48,400	$ 79,000

Acquisitions (Consideration paid and the provisional fair value of the assets acquired and liabilities assumed) (Details) $ in Thousands	Feb. 07, 2012 USD ($)
Acquisitions [Abstract]
Current assets	$ 751,706
Property, plant and equipment	1,223,448
Goodwill	1,922,277
Intangible and other long-term assets	370,377
Current liabilities	236,986
Deferred income taxes	435,904
Other long-term liabilities	4,125
Net assets acquired	$ 3,590,793

Acquisitions (Fair value estimates recorded for the identifiable intangible assets and their estimated useful lives) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Feb. 07, 2012
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		$ 350,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		315,000
Estimated Useful Life	17 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		$ 35,000
Estimated Useful Life	10 years

Acquisitions (Pro forma results) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012	Sep. 30, 2011
Revenue	$ 1,186,161
Net income from continuing operations	$ 95,184
Basic earnings per share	$ 0.61
Diluted earnings per share	$ 0.60
Actual Results [Member]
Revenue			$ 1,644,736
Net income from continuing operations			$ 195,924
Basic earnings per share			$ 1.34
Diluted earnings per share			$ 1.32
Pro Forma [Member]
Revenue		$ 1,114,552	$ 3,678,070	$ 3,003,020
Net income from continuing operations		$ 111,083	$ 350,297	$ 249,724
Basic earnings per share		$ 0.72	$ 2.24	$ 1.62
Diluted earnings per share		$ 0.71	$ 2.21	$ 1.60

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Dispositions (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
Dispositions (Narrative) (Details) $ in Thousands	Mar. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Jun. 30, 2012 item	Mar. 31, 2012 USD ($)	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($) item
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill		$ 9,740
Repayment Of Us Government Guaranteed Long Term Financing Connected To Disposition					$ 12,500
Make Whole Premiums Connected To Dispositions					4,000
Written Off Unamortized Loan Costs Connected To Repayments Of Make Whole Premiums					700
Assets of Disposal Group, Including Discontinued Operation, Noncurrent		183,837
Derrick Barge [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds received					44,500
Pre-tax gain loss after sale					3,100
Goodwill					9,700
Liftboats [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds received					138,600	$ 22,300
Pre-tax gain loss after sale	$ 10,000	$ 46,100		$ 56,100		$ 8,600
Quantity of liftboats sold \| item			18			7
Repayment Of Us Government Guaranteed Long Term Financing Connected To Disposition					12,500
Make Whole Premiums Connected To Dispositions					4,000
Written Off Unamortized Loan Costs Connected To Repayments Of Make Whole Premiums					$ 700
Loss on sale of assets, disposal group accounted for as discontinued operations	3,600
Costs Related To Disposition	$ 6,400

Dispositions (Components of income (loss) from discontinued operations, net of tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Dispositions [Abstract]
Revenues		$ 28,300	$ 16,231	$ 88,198
Income (loss) from discontinued operations before income tax		7,492	(8,249)	18,291
Income tax expense (benefit)		2,711	(1,771)	6,605
Gain (loss) on disposition, net of tax			(10,729)	5,455
Income (loss) from discontinued operations, net of tax		4,781	(17,207)	17,141
Gain (loss) on disposition, tax		$ 0	$ (2,090)	$ 3,103

- Definition

Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=18498875&loc=d3e38679-109324

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Amount of tax expense or benefit on gain (loss), not previously recognized, resulting from the sale of a business component.

+ References + Details

- Definition

Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.12)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.14)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 13
-Article 7

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 5

+ Details

Dispositions (Assets and liabilities of disposal groups) (Details) $ in Thousands	Dec. 31, 2011 USD ($)
Dispositions [Abstract]
Accounts receivable, net	$ 16,342
Prepaid expenses	1,900
Inventory and other current assets	2,371
Current assets of discontinued operations	20,613
Property, plant and equipment, net	170,222
Goodwill	9,740
Intangible and other long-term assets, net	3,875
Long-term assets of discontinued operations	183,837
Accounts payable	1,231
Accrued expenses	13,421
Current maturities of long-term debt	810
Current liabilities of discontinued operations	15,462
Long term debt	$ 11,736

Stock-Based Compensation and Retirement Plans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash paid to settle Performance Share Units	$ 2,700	$ 2,800
Issue of common stock to employees	67,300
Proceed from issue of shares under employee stock purchase plans	$ 2,193	1,702
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment vesting period, years	3 years
Share-based payment expiration period, years	10 years
Compensation expense	$ 3,800	2,500
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment vesting period, years	3 years
Compensation expense	$ 13,100	4,300
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1,900	900
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period of PSU grant, years	3 years
Compensation expense	$ 8,600	2,300
Portion of equivalent value in common stock of company after meeting service requirements, at discretion of compensation committee	50.00%
Issue of common stock to employees	43,300
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 400	300
Common stock reserved for issuance	1,000,000
Proceed from issue of shares under employee stock purchase plans	$ 2,200	$ 1,700
Shares issued under Employee Stock Purchase Plan, shares	109,000	57,000
Deferred Compensation, Share-based Payments [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum portion of base salary to defer under non-qualified deferred compensation plan	75.00%
Maximum portion of bonus to defer under non-qualified deferred compensation plan	100.00%
Maximum of cash portion of PSU compensation to defer under non-qualified deferred compensation plan	100.00%
Non-employee cash deferred to non-qualified compensation plan	100.00%
Non-employee RSU deferred to non-qualified compensation plan	100.00%
Supplemental Executive Retirement Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 2,100	$ 1,400

Inventory and Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Inventory and Other Current Assets [Abstract]
Inventory	$ 132.1		$ 83.1
Finished Goods	51.0		39.0
Work in progress	5.3		2.3
Raw materials	4.7		5.4
Supplies and consumables	71.1	$ 71.1	36.4
Costs incurred	$ 10.7		$ 133.4

Available for Sale Securities (Detials) - USD ($) shares in Millions	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2012
Available-for-sale Securities [Abstract]
Available-for-sale securities, net unrealized holding gain (loss) reversed following sale	$ 2,000,000
Available-for-sale securities, unrealized holding gain (loss) reversed following sale	$ 3,100,000
Available-for-sale securities, number of shares sold	4.1
Percentage of limited partnership interest		10.00%	10.00%
Available-for-Sale Securities, Share Price	$ 7.33		$ 7.33
Number of shares comprising Available for Sale Securities	2.9	7.0	2.9
Available-for-sale Equity Securities, Amortized Cost Basis	$ 51,600,000		$ 51,600,000
Equity Method Investment, Net Sales Proceeds			34,100,000
Available-for-sale Securities, Income Tax Expense on Change in Unrealized Holding Gain (Loss)	1,300,000		400,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax	2,200,000		600,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes	3,500,000		1,000,000
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	31,100,000
Available-for-sale Securities, Gross Realized Gains	900,000
Available-for-sale Securities, Current	$ 20,300,000		$ 20,300,000

Equity-Method Investments (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended	6 Months Ended	7 Months Ended	9 Months Ended
	Feb. 28, 2011	Sep. 30, 2011	Jun. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]
Percentage of limited partnership interest			10.00%		10.00%
Equity-method investments							$ 72,472
Earnings (losses) from equity-method investments, net		$ 8,198			$ (287)	$ 13,724
Receivable from Dynamic Offshore							9,800
Receivable from Dynamic Offshore related to oil and natural gas commodity sales and production							14,000
Gain loss from Equity method investment					$ 17,880
Dynamic Offshore [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of limited partnership interest					10.00%
Equity-method investments							$ 70,600
Earnings (losses) from equity-method investments, net				$ 12,400	$ 300
Revenue from equity-method investment				$ 31,400	$ 15,500
SPN Resources [Member]
Schedule of Equity Method Investments [Line Items]
Earnings (losses) from equity-method investments, net	$ 200
Revenue from equity-method investment	300
DBH [Member]
Schedule of Equity Method Investments [Line Items]
Earnings (losses) from equity-method investments, net	900
Revenue from equity-method investment	$ 900

Long-Term Contracts (Details) $ in Millions	9 Months Ended
Long-Term Contracts (Details) $ in Millions	Sep. 30, 2012 USD ($) item	Dec. 31, 2011 USD ($)
Business Acquisition [Line Items]
Contractual arrangements fixed sum	$ 750.0
Number of downed oil and gas platforms and related well facilities decommissioned \| item	7
Costs and estimated earnings in excess of billings included in other current assets	$ 10.7	$ 133.4
Shell Offshore Inc. [Member]
Business Acquisition [Line Items]
Percentage of ownership acquired by Wild Well in Shell Offshore Inc.'s Gulf of Mexico Bullwinkle platform	100.00%
Wild Well [Member]
Business Acquisition [Line Items]
Performance bonds required to be obtained by Wild Well	$ 50.0
Amounts to be funded in Escrow account by Wild Well	50.0
Escrowed cash included in intangible and other long-term assets, net	$ 50.4	50.2
Costs and estimated earnings in excess of billings included in other current assets		$ 129.7

Debt (Details) $ in Thousands	3 Months Ended	9 Months Ended
Debt (Details) $ in Thousands	Sep. 30, 2012 USD ($)	Sep. 30, 2012 USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 600,000	$ 600,000
Line of credit facility maximum borrowing capacity before amendment	400,000	400,000
Aggregate principal amount of term loan	400,000	400,000
Line of Credit Facility, Periodic Payment		5,000
Line of credit facility amendments cost	24,700	24,700
Letters of Credit Outstanding, Amount	$ 49,300	$ 49,300
Stated interest rate on unsecured senior notes	8.00%	8.00%
Repayment Of Us Government Guaranteed Long Term Financing Connected To Disposition		$ 12,500
Make Whole Premiums Connected To Dispositions		4,000
Written Off Unamortized Loan Costs Connected To Repayments Of Make Whole Premiums		700
Gains (Losses) on Extinguishment of Debt	$ (2,294)	(2,294)
Line of Credit Facility, Amount Outstanding	$ 90,000	90,000
Unsecured Senior Notes Due 2014 [Member]
Debt Instrument [Line Items]
Face value of debt extinguished	100
Portion of debt extinguished	50
Original face amount of debt instrument	$ 300,000	300,000
Senior Notes	$ 150,000	$ 150,000
Stated interest rate on unsecured senior notes	6.00%	6.00%
Gains (Losses) on Extinguishment of Debt	$ 2,300
Extinguishment of Debt, Amount	150,000
Unsecured Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 500,000	$ 500,000
Stated interest rate on unsecured senior notes	6.375%	6.375%
Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 800,000	$ 800,000
Stated interest rate on unsecured senior notes	7.125%	7.125%

Earnings per Share (Details) - shares	3 Months Ended		9 Months Ended
Earnings per Share (Details) - shares	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share [Abstract]
Stock options	2,600,000	470,000	1,800,000	190,000

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Decommissioning Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities	$ 3,600
Decommissioning liabilities, December 31, 2011 and 2010, respectively	123,176	$ 117,716
Liabilities acquired and incurred	3,573
Liabilities settled	(4,624)
Accretion	3,260	5,038
Revision estimated liabilities	(34,373)	(292)
Total decommissioning liabilities, June 30, 2012 and 2011, respectively	91,012	122,462
Less: current portion of decommissioning liabilities at June 30, 2012 and 2011, respectively		17,090	$ 14,956
Long-term decommissioning liabilities, June 30, 2012 and 2011, respectively	$ 91,012	$ 105,372	$ 108,220

Notes Receivable (Details) - USD ($) $ in Millions	9 Months Ended
Notes Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2012	Sep. 30, 2011
Notes Receivable [Abstract]
Amount of notes receivable net	$ 115.0
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 2.1	$ 3.4

Segment Information (Financial information for Company's segments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Segment Reporting Information [Line Items]
Revenues	$ 1,179,665	$ 537,042	$ 3,389,821	$ 1,401,932
Cost of services (exclusive of items shown separately below)	708,608	285,124	1,966,659	752,813
Depreciation, depletion, amortization and accretion	128,160	61,807	366,272	177,651
General and administrative expenses	163,458	93,813	496,998	272,243
Income from operations	179,439	96,298	559,892	199,225
Interest income (expense), net	(28,118)	(18,894)	(88,101)	(47,309)
Gains (Losses) on Extinguishment of Debt	(2,294)		(2,294)
Earnings (losses) from equity-method investments, net		8,198	(287)	13,724
Gain loss from Equity method investment			17,880
Income (loss) from continuing operations before income taxes	149,027	85,602	487,090	165,640
Identifiable Assets	7,789,618		7,789,618		$ 4,048,145
Subsea and Well Enhancement [Member]
Segment Reporting Information [Line Items]
Revenues	984,783	373,586	2,807,432	961,039
Cost of services (exclusive of items shown separately below)	646,649	226,586	1,775,649	590,951
Depreciation, depletion, amortization and accretion	90,376	28,592	255,072	81,424
General and administrative expenses	131,078	64,950	396,123	183,040
Income from operations	116,680	53,458	380,588	105,624
Interest income (expense), net	697	1,248	2,106	3,483
Income (loss) from continuing operations before income taxes	117,377	54,706	382,694	109,107
Identifiable Assets	6,718,059		6,718,059		2,863,550
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Revenues	194,882	163,456	582,389	440,893
Cost of services (exclusive of items shown separately below)	61,959	58,538	191,010	161,862
Depreciation, depletion, amortization and accretion	37,784	33,215	111,200	96,227
General and administrative expenses	32,380	28,863	100,875	89,203
Income from operations	62,759	42,840	179,304	93,601
Income (loss) from continuing operations before income taxes	62,759	42,840	179,304	93,601
Identifiable Assets	1,051,235		1,051,235		947,679
Marine [Member]
Segment Reporting Information [Line Items]
Identifiable Assets					164,444
Unallocated [Member]
Segment Reporting Information [Line Items]
Interest income (expense), net	(28,815)	(20,142)	(90,207)	(50,792)
Gains (Losses) on Extinguishment of Debt	(2,294)		(2,294)
Earnings (losses) from equity-method investments, net		8,198	(287)	13,724
Gain loss from Equity method investment			17,880
Income (loss) from continuing operations before income taxes	(31,109)	$ (11,944)	(74,908)	$ (37,068)
Identifiable Assets	$ 20,324		$ 20,324		$ 72,472

Segment Information (Company's information by geographic area) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Segment Information [Abstract]
United States, Revenue	$ 976,984	$ 397,718	$ 2,826,544	$ 1,035,759
Other Countries, Revenue	202,681	139,324	563,277	366,173
Total, Revenues	1,179,665	$ 537,042	3,389,821	$ 1,401,932
United States, Long-lived assets	2,623,401		2,623,401		$ 1,060,483
Other Countries, Long-lived assets	539,872		539,872		446,885
Total, Long-lived assets	$ 3,163,273		$ 3,163,273		$ 1,507,368

Guarantee (Details) - USD ($) $ in Millions	Sep. 30, 2012	Dec. 31, 2011
Guarantee [Abstract]
Decommissioning performance guarantees, estimated value	$ 2.6	$ 2.6
Maximum potential obligation under Decommissioning performance guarantees	115.9
Contractual right to receive payments from third parties	$ 24.6

Fair Value Measurements (Narrative) (Details) shares in Millions, $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2012 shares	Sep. 30, 2012 USD ($) shares	Mar. 31, 2012 USD ($)	Feb. 29, 2012 USD ($)	Dec. 31, 2011 USD ($)
Fair Value Measurements [Abstract]
Percentage of limited partnership interest	10.00%	10.00%
Adjustment Interval of Variable Rate on Interest Rate Swap		90
Number of shares comprising Available for Sale Securities \| shares	7.0	2.9
Interest rate swap agreement for notional amount		$ 100.0		$ 150.0
Selling of interest rate swap				$ 1.2
Fair value of long term debt		2,048.3	$ 2.0		$ 1,749.8
Business Acquisition, Contingent Consideration, at Fair Value		$ 10.8

- Definition

Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 35
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6910684&loc=d3e4570-128470

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6411-128476

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 30
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=18499824&loc=d3e4237-128469

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 30
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=18499824&loc=d3e4243-128469

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 40
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6910732&loc=d3e4805-128471

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6408-128476

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 25
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6946367&loc=d3e3642-128468

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 25
-Paragraph 27
-URI http://asc.fasb.org/extlink&oid=6946367&loc=d3e3629-128468

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)(3),(c)(1)
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph g(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 29, 30, 41, 42, 64
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51
-Subparagraph f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 65
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Fair Value Measurements (Financial assets and liabilities measured at fair value on a recurring basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	$ 1,039
Available-for-sale Securities, Fair Value Disclosure	20,321
Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	11,265		$ 10,597
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets			1,904
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,425		2,790
Other long-term liabilities	13,230		12,975
Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	10,815
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Available-for-sale Securities, Fair Value Disclosure	20,321
Level 1 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	825		815
Level 1 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 1 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Other long-term liabilities
Level 1 [Member] \| Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets		$ 1,039
Available-for-sale Securities, Fair Value Disclosure
Level 2 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	10,440		9,782
Level 2 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets			1,904
Level 2 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	2,425		2,790
Other long-term liabilities	13,230		12,975
Level 2 [Member] \| Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Available-for-sale Securities, Fair Value Disclosure
Level 3 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 3 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 3 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Other long-term liabilities
Level 3 [Member] \| Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	$ 10,815

Derivative Financial Instruments (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2012 USD ($)	Feb. 29, 2012 USD ($)	Dec. 31, 2011 USD ($)
Derivatives, Fair Value [Line Items]
Adjustment Interval of Variable Rate on Interest Rate Swap	90
Derivative asset	$ 1.0
Selling of interest rate swap				$ 1.2
Interest income (expense) related to the ineffectiveness associated with the fair value hedge	1.0	$ 1.2
Interest rate swap agreement for notional amount	$ 100.0			150.0
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Selling of interest rate swap			$ 1.2
Interest rate swap agreement for notional amount				$ 150.0
Intangible and Other Long Term Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset					$ 1.9

Derivative Financial Instruments (The location and effect of the derivative instrument on the condensed consolidated statement of operations, pre-tax basis) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (397)	$ (438)	$ (1,039)	$ (1,179)
Hedged Item Debt [Member] \| Interest Expense, Net [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	682	(788)	3,196	(1,409)
Interest Rate Swap [Member] \| Interest Expense, Net [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (1,079)	$ 350	$ (4,235)	$ 230

- Definition

The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments.

+ References + Details

Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2012	Dec. 31, 2011
Income Taxes [Abstract]
Unrecorded tax benefits	$ 25.5	$ 21.7

Commitments and Contingencies (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Jan. 26, 2010
Commitments and Contingencies (Textual) [Abstract]
Period for Lease Renewal	2 years
Interest of Subsidiary in Lease Assets Owned Entity	5.00%
Vessel's gross asset value under the capital lease at inception				$ 37.6
Vessel's gross asset value under the capital lease at depreciation	$ 11.2		$ 8.0
Other long-term liabilities	26.6		29.5
Accounts Payable Related to Obligations Under Capital Lease	3.5		$ 3.6
2012	0.9
2013	3.9
2014	4.2
2015	4.6
2016	5.0
2017	$ 5.4
Capital Leases of Lessee Variable Rate of Interest	8.50%
Interest Expense	$ 2.0	$ 2.2

Related Party Disclosure (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Related Party Disclosure (Details) - USD ($) $ in Millions	Sep. 30, 2012	Sep. 30, 2012	Jun. 30, 2012
Schedule of Equity Method Investments [Line Items]
Purchase of services	$ 54.8	$ 188.0
Trade Accounts Payable	16.8	16.8
Ortowski Construction [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	1.9	4.0
Trade Accounts Payable	1.9	1.9
ORTEQ Energy Services [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	27.1	90.9
Trade Accounts Payable	6.1	6.1
Resource Transport [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	3.0	8.0
Trade Accounts Payable	1.1	1.1
Texas Specialty Sands [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	18.0	70.6
Trade Accounts Payable	5.9	5.9	$ 5.9
ProFuel LLC [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	3.7	13.4
Trade Accounts Payable	1.5	1.5
TIMBER CREEK REAL ESTATE PARTNERS [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services	1.1	1.1
Trade Accounts Payable	0.3	0.3
LINNENERGY[MEMBER]
Schedule of Equity Method Investments [Line Items]
Revenue from Related Parties	6.0	14.7
Accounts Receivable, Related Parties, Current	$ 3.5	$ 3.5

Financial Information Related to Guarantor Subsidiaries (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on unsecured senior notes	8.00%
Common stock, par value	$ 0.001		$ 0.001
Preferred stock, par value	$ 0.01		$ 0.01
Unsecured Senior Notes Due 2019 [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on unsecured senior notes	6.375%
Unsecured Senior Notes Due 2019 [Member] \| Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Unsecured senior notes, issued		$ 500
Stated interest rate on unsecured senior notes		6.375%
Unsecured Senior Notes Due 2021 [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on unsecured senior notes	7.125%
Unsecured Senior Notes Due 2021 [Member] \| Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Unsecured senior notes, issued		$ 800
Stated interest rate on unsecured senior notes		7.125%
SESI LLC [Member] \| Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Wholly owned subsidiary of Parent company		100.00%

Financial Information Related to Guarantor Subsidiaries (Balance Sheet) (Details) - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 79,086	$ 80,274	$ 210,181	$ 50,727
Accounts receivable, net	1,129,714	540,602
Deferred Tax Assets, Net, Current	31,306
Prepaid expenses	102,206	34,037
Inventory and other current assets	180,197	228,309
Available-for-sale Securities, Equity Securities, Current	20,321
Total current assets	1,542,830	883,222
Income Taxes Receivable
Property, plant and equipment, net	3,163,273	1,507,368
Goodwill	2,528,312	581,379
Notes receivable	44,129	73,568
Investments in subsidiaries
Equity-method investments		72,472
Intangible and other long-term assets, net	511,074	930,136
Total assets	7,789,618	4,048,145
Current liabilities:
Accounts payable	268,812	178,645
Accrued expenses	360,647	197,574
Income taxes payable	148,857	717
Deferred income taxes		831
Current portion of decommissioning liabilities		14,956	17,090
Current maturities of long-term debt	20,000	810
Total current liabilities	798,316	393,533
Deferred income taxes	727,034	297,458
Decommissioning liabilities	91,012	108,220	105,372
Long-term debt, net	1,909,416	1,685,087
Intercompany payables/(receivables)
Other long-term liabilities	114,771	110,248
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value	157	80
Additional paid in capital	2,846,236	447,007
Accumulated other comprehensive income (loss), net	(20,432)	(26,936)
Retained earnings (accumulated deficit)	1,323,108	1,033,448
Total stockholders' equity	4,149,069	1,453,599
Total liabilities and stockholders' equity	7,789,618	4,048,145
Parent [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net
Deferred Tax Assets, Net, Current	31,306
Prepaid expenses	85	34
Inventory and other current assets
Available-for-sale Securities, Equity Securities, Current
Total current assets	31,391	34
Income Taxes Receivable
Property, plant and equipment, net
Goodwill
Notes receivable
Investments in subsidiaries	2,108,911	1,650,049
Intangible and other long-term assets, net
Total assets	2,140,302	1,650,083
Current liabilities:
Accounts payable
Accrued expenses	139	164
Income taxes payable	150,659	1,415
Deferred income taxes		831
Current maturities of long-term debt
Total current liabilities	150,798	2,410
Deferred income taxes	709,077	285,871
Decommissioning liabilities
Long-term debt, net
Intercompany payables/(receivables)	(2,874,432)	(96,989)
Other long-term liabilities	5,790	5,192
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value	157	80
Additional paid in capital	2,846,236	447,007
Accumulated other comprehensive income (loss), net	(20,432)	(26,936)
Retained earnings (accumulated deficit)	1,323,108	1,033,448
Total stockholders' equity	4,149,069	1,453,599
Total liabilities and stockholders' equity	2,140,302	1,650,083
Issuer [Member]
Current assets:
Cash and cash equivalents	5,347	29,057	153,526
Accounts receivable, net	703	531
Deferred Tax Assets, Net, Current
Prepaid expenses	8,905	3,893
Inventory and other current assets	1,675	1,796
Available-for-sale Securities, Equity Securities, Current	20,321
Total current assets	36,951	35,277
Income Taxes Receivable
Property, plant and equipment, net	6,603	2,758
Goodwill
Notes receivable
Investments in subsidiaries	4,776,411	2,833,659
Equity-method investments		70,614
Intangible and other long-term assets, net	59,511	828,447
Total assets	4,879,476	3,770,755
Current liabilities:
Accounts payable	5,487	4,307
Accrued expenses	72,792	54,000
Income taxes payable
Current maturities of long-term debt	20,000
Total current liabilities	98,279	58,307
Deferred income taxes
Decommissioning liabilities
Long-term debt, net	1,909,416	1,673,351
Intercompany payables/(receivables)	730,801	356,668
Other long-term liabilities	32,069	32,380
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value
Additional paid in capital	124,271	124,271
Accumulated other comprehensive income (loss), net	(20,432)	(26,936)
Retained earnings (accumulated deficit)	2,005,072	1,552,714
Total stockholders' equity	2,108,911	1,650,049
Total liabilities and stockholders' equity	4,879,476	3,770,755
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	20,707	6,272	5,045	5,493
Accounts receivable, net	957,210	437,963
Deferred Tax Assets, Net, Current
Prepaid expenses	47,710	9,796
Inventory and other current assets	153,994	214,381
Available-for-sale Securities, Equity Securities, Current
Total current assets	1,179,621	668,412
Income Taxes Receivable
Property, plant and equipment, net	2,526,831	1,096,036
Goodwill	2,119,477	437,614
Notes receivable	44,129	73,568
Investments in subsidiaries	577,825	20,062
Intangible and other long-term assets, net	372,614	71,625
Total assets	6,820,497	2,367,317
Current liabilities:
Accounts payable	207,140	128,996
Accrued expenses	212,310	105,512
Income taxes payable
Current portion of decommissioning liabilities		14,956
Current maturities of long-term debt
Total current liabilities	419,450	249,464
Deferred income taxes
Decommissioning liabilities	88,797	108,220
Long-term debt, net
Intercompany payables/(receivables)	2,706,197	(253,053)
Other long-term liabilities	24,811	26,704
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value	782
Additional paid in capital	687,939
Accumulated other comprehensive income (loss), net	1,073
Retained earnings (accumulated deficit)	2,891,448	2,235,982
Total stockholders' equity	3,581,242	2,235,982
Total liabilities and stockholders' equity	6,820,497	2,367,317
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	53,032	44,945	51,610	45,234
Accounts receivable, net	232,004	143,444
Deferred Tax Assets, Net, Current
Income taxes receivable		698
Prepaid expenses	45,506	20,314
Inventory and other current assets	24,528	12,132
Available-for-sale Securities, Equity Securities, Current
Total current assets	356,872	221,533
Income Taxes Receivable	1,802
Property, plant and equipment, net	629,839	408,574
Goodwill	408,835	143,765
Notes receivable
Investments in subsidiaries
Equity-method investments		1,858
Intangible and other long-term assets, net	78,949	30,064
Total assets	1,474,495	805,794
Current liabilities:
Accounts payable	111,032	86,723
Accrued expenses	80,839	38,503
Income taxes payable
Current maturities of long-term debt		810
Total current liabilities	191,871	126,036
Deferred income taxes	17,957	11,587
Decommissioning liabilities	2,215
Long-term debt, net		11,736
Intercompany payables/(receivables)	(42,265)	(7,276)
Other long-term liabilities	52,101	45,972
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value	4,212	4,212
Additional paid in capital	1,118,727	517,209
Accumulated other comprehensive income (loss), net	(19,790)	(26,936)
Retained earnings (accumulated deficit)	149,467	123,254
Total stockholders' equity	1,252,616	617,739
Total liabilities and stockholders' equity	1,474,495	805,794
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net	(60,203)	(41,336)
Deferred Tax Assets, Net, Current
Income taxes receivable		(698)
Prepaid expenses
Inventory and other current assets
Available-for-sale Securities, Equity Securities, Current
Total current assets	(62,005)	(42,034)
Income Taxes Receivable	(1,802)
Property, plant and equipment, net
Goodwill
Notes receivable
Investments in subsidiaries	(7,463,147)	(4,503,770)
Intangible and other long-term assets, net
Total assets	(7,525,152)	(4,545,804)
Current liabilities:
Accounts payable	(54,847)	(41,381)
Accrued expenses	(5,433)	(605)
Income taxes payable	(1,802)	(698)
Current maturities of long-term debt
Total current liabilities	(62,082)	(42,684)
Deferred income taxes
Decommissioning liabilities
Long-term debt, net
Intercompany payables/(receivables)	(520,301)	650
Other long-term liabilities
Stockholders' equity:
Preferred stock of $.01 par value
Common stock of $.001 par value	(4,994)	(4,212)
Additional paid in capital	(1,930,937)	(641,480)
Accumulated other comprehensive income (loss), net	39,149	53,872
Retained earnings (accumulated deficit)	(5,045,987)	(3,911,950)
Total stockholders' equity	(6,942,769)	(4,503,770)
Total liabilities and stockholders' equity	$ (7,525,152)	$ (4,545,804)

Financial Information Related to Guarantor Subsidaries (Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 1,179,665	$ 537,042	$ 3,389,821	$ 1,401,932
Cost of services (exclusive of items shown separately below)	708,608	285,124	1,966,659	752,813
Depreciation, depletion, amortization and accretion	128,160	61,807	366,272	177,651
General and administrative expenses	163,458	93,813	496,998	272,243
Income (loss) from operations	179,439	96,298	559,892	199,225
Other income (expense):
Interest expense, net	(28,118)	(18,894)	(88,101)	(47,309)
Gains (Losses) on Extinguishment of Debt	(2,294)		(2,294)
Intercompany interest income (expense)
Earnings (losses) from consolidated subsidiaries
Earnings (losses) from equity-method investments, net		8,198	(287)	13,724
Gain loss from Equity method investment			17,880
Income (loss) from continuing operations before income taxes	149,027	85,602	487,090	165,640
Income taxes	55,140	30,803	180,223	59,589
Net income (loss) from continuing operations	93,887	54,799	306,867	106,051
Discontinued operations, net of income tax		4,781	(17,207)	17,141
Net income	93,887	59,580	289,660	123,192
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues
Cost of services (exclusive of items shown separately below)
Depreciation, depletion, amortization and accretion
General and administrative expenses	83	81	311	611
Income (loss) from operations	(83)	(81)	(311)	(611)
Other income (expense):
Interest expense, net
Gains (Losses) on Extinguishment of Debt
Intercompany interest income (expense)
Earnings (losses) from consolidated subsidiaries	146,257	94,682	452,358	190,643
Earnings (losses) from equity-method investments, net
Gain loss from Equity method investment
Income (loss) from continuing operations before income taxes	146,174	94,601	452,047	190,032
Income taxes	52,288	32,268	164,857	57,057
Net income (loss) from continuing operations	93,886	62,333	287,190	132,975
Discontinued operations, net of income tax		(2,753)	2,470	(9,783)
Net income	93,886	59,580	289,660	123,192
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues
Cost of services (exclusive of items shown separately below)
Depreciation, depletion, amortization and accretion	158	131	527	388
General and administrative expenses	31,229	17,880	117,485	56,360
Income (loss) from operations	(31,387)	(18,011)	(118,012)	(56,748)
Other income (expense):
Interest expense, net	(28,592)	(20,631)	(88,322)	(50,691)
Gains (Losses) on Extinguishment of Debt	(2,294)		(2,294)
Intercompany interest income (expense)		6,822		19,633
Earnings (losses) from consolidated subsidiaries	208,530	118,768	645,368	267,082
Earnings (losses) from equity-method investments, net		8,198	(287)	12,598
Gain loss from Equity method investment			17,880
Income (loss) from continuing operations before income taxes	146,257	95,146	454,333	191,874
Income taxes
Net income (loss) from continuing operations	146,257	95,146	454,333	191,874
Discontinued operations, net of income tax		(464)	(1,975)	(1,231)
Net income	146,257	94,682	452,358	190,643
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	1,003,373	450,186	2,933,132	1,176,163
Cost of services (exclusive of items shown separately below)	597,931	222,930	1,693,002	600,340
Depreciation, depletion, amortization and accretion	103,838	51,634	306,161	145,731
General and administrative expenses	102,073	58,426	302,567	162,817
Income (loss) from operations	199,531	117,196	631,402	267,275
Other income (expense):
Interest expense, net	1,253	1,253	2,446	3,523
Gains (Losses) on Extinguishment of Debt
Intercompany interest income (expense)
Earnings (losses) from consolidated subsidiaries	8,110	881	36,311	2,062
Earnings (losses) from equity-method investments, net
Gain loss from Equity method investment
Income (loss) from continuing operations before income taxes	208,894	119,330	670,159	272,860
Income taxes
Net income (loss) from continuing operations	208,894	119,330	670,159	272,860
Discontinued operations, net of income tax		8,073	(14,693)	28,289
Net income	208,894	127,403	655,466	301,149
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	198,277	104,476	562,010	279,475
Cost of services (exclusive of items shown separately below)	132,617	79,716	378,848	205,954
Depreciation, depletion, amortization and accretion	24,164	10,042	59,584	31,532
General and administrative expenses	30,118	17,524	76,765	52,680
Income (loss) from operations	11,378	(2,806)	46,813	(10,691)
Other income (expense):
Interest expense, net	(779)	484	(2,225)	(141)
Gains (Losses) on Extinguishment of Debt
Intercompany interest income (expense)		(6,822)		(19,633)
Earnings (losses) from consolidated subsidiaries
Earnings (losses) from equity-method investments, net				1,126
Gain loss from Equity method investment
Income (loss) from continuing operations before income taxes	10,599	(9,144)	44,588	(29,339)
Income taxes	2,852	(1,465)	15,366	2,532
Net income (loss) from continuing operations	7,747	(7,679)	29,222	(31,871)
Discontinued operations, net of income tax		(75)	(3,009)	(134)
Net income	7,747	(7,754)	26,213	(32,005)
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	(21,985)	(17,620)	(105,321)	(53,706)
Cost of services (exclusive of items shown separately below)	(21,940)	(17,522)	(105,191)	(53,481)
Depreciation, depletion, amortization and accretion
General and administrative expenses	(45)	(98)	(130)	(225)
Income (loss) from operations
Other income (expense):
Interest expense, net
Gains (Losses) on Extinguishment of Debt
Intercompany interest income (expense)
Earnings (losses) from consolidated subsidiaries	(362,897)	(214,331)	(1,134,037)	(459,787)
Earnings (losses) from equity-method investments, net
Gain loss from Equity method investment
Income (loss) from continuing operations before income taxes	(362,897)	(214,331)	(1,134,037)	(459,787)
Income taxes
Net income (loss) from continuing operations	(362,897)	(214,331)	(1,134,037)	(459,787)
Discontinued operations, net of income tax
Net income	$ (362,897)	$ (214,331)	$ (1,134,037)	$ (459,787)

Financial Information Related to Guarantor Subsidiaries (Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ 93,887	$ 59,580	$ 289,660	$ 123,192
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,198		(642)
Change in cumulative translation adjustment	7,216	(6,027)	7,146	2,539
Comprehensive income	103,301	53,553	296,164	125,731
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	93,886	59,580	289,660	123,192
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,198		(642)
Change in cumulative translation adjustment	7,216	(6,027)	7,146	2,539
Comprehensive income	103,300	53,553	296,164	125,731
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	146,257	94,682	452,358	190,643
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,198		(642)
Change in cumulative translation adjustment	7,216	(6,027)	7,146	2,539
Comprehensive income	155,671	88,655	458,862	193,182
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	208,894	127,403	655,466	301,149
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax
Change in cumulative translation adjustment	1,529		1,073
Comprehensive income	210,423	127,403	656,539	301,149
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	7,747	(7,754)	26,213	(32,005)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax
Change in cumulative translation adjustment	7,216	(6,027)	7,146	2,539
Comprehensive income	14,963	(13,781)	33,359	(29,466)
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(362,897)	(214,331)	(1,134,037)	(459,787)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(2,198)		642
Change in cumulative translation adjustment	(15,961)	12,054	(15,365)	(5,078)
Comprehensive income	$ (381,056)	$ (202,277)	$ (1,148,760)	$ (464,865)

Financial Information Related to Guarantor Subsidiaries (Statement of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income (loss)	$ 93,887	$ 59,580	$ 289,660	$ 123,192
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion			367,518	187,552
Deferred income taxes			(14,745)	38,900
Excess tax benefit from stock-based compensation			(1,537)	(10,262)
Gain loss from Equity method investment			(17,880)
Stock based and performance share unit compensation expense			27,845	10,273
Retirement and deferred compensation plan expense			1,455	1,994
(Earnings) losses from consolidated subsidiaries
(Earnings) losses from equity-method investments, net of cash received			3,340	(12,187)
Amortization of debt acquisition costs and note discount			7,439	19,333
(Gain) loss sale of business			6,649	(8,558)
Writeoff of debt acquisition costs and note discount			3,460
Other reconciling items, net			1,582	(4,659)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable			(144,316)	(28,599)
Inventory and other current assets			85,119	11,415
Accounts payable			(757)	3,064
Accrued expenses			(29,835)	27,207
Decommissioning liabilities			(4,624)
Income taxes			141,916	777
Other, net			(25,701)	2,683
Net cash provided by (used in) operating activities			696,588	362,125
Cash flows from investing activities:
Payments for capital expenditures			(918,193)	(329,229)
Proceeds from Sale of Available-for-sale Securities, Equity			31,150
Purchase of short-term investments, net.				(223,491)
Acquisitions of businesses, net of cash acquired			(1,072,532)	(748)
Change in restricted cash held for acquisition of business			785,280
Cash proceeds from sale of businesses			183,094	22,349
Proceeds from Sale of Equity Method Investments			34,087
Other			28,438	(720)
Intercompany receivables/payables
Net cash provided by (used in) investing activities			(928,676)	(531,839)
Cash flows from financing activities:
Net payments on revolving line of credit			15,000	(175,000)
Proceeds from long-term debt			400,000	500,000
Principal payments of long-term debt			(172,546)	(405)
Payment of debt acquisition costs			(25,266)	(9,558)
Proceeds from exercise of stock options			13,915	10,211
Excess tax benefit from stock-based compensation			1,537	10,262
Proceeds from issuance of stock through employee benefit plans			2,193	1,702
Other			(5,843)	(8,453)
Net cash provided by (used in) financing activities			228,990	328,759
Effect of exchange rate changes on cash			1,910	409
Net increase (decrease) in cash and cash equivalents			(1,188)	159,454
Cash and cash equivalents at beginning of period			80,274	50,727
Cash and cash equivalents at end of period	79,086	210,181	79,086	210,181
Parent [Member]
Cash flows from operating activities:
Net income (loss)	93,886	59,580	289,660	123,192
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion
Deferred income taxes			(18,204)	39,503
Excess tax benefit from stock-based compensation			(1,537)	(10,262)
Gain loss from Equity method investment
Stock based and performance share unit compensation expense
Retirement and deferred compensation plan expense
(Earnings) losses from consolidated subsidiaries	(146,257)	(94,682)	(452,358)	(190,643)
(Earnings) losses from equity-method investments, net of cash received
Amortization of debt acquisition costs and note discount
(Gain) loss sale of business
Writeoff of debt acquisition costs and note discount
Other reconciling items, net
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable
Inventory and other current assets
Accounts payable
Accrued expenses			(24)	(13)
Decommissioning liabilities
Income taxes			145,424	5,444
Other, net			(51)	(44)
Net cash provided by (used in) operating activities			(37,090)	(32,823)
Cash flows from investing activities:
Payments for capital expenditures
Proceeds from Sale of Available-for-sale Securities, Equity
Purchase of short-term investments, net.
Acquisitions of businesses, net of cash acquired
Change in restricted cash held for acquisition of business
Cash proceeds from sale of businesses
Proceeds from Sale of Equity Method Investments
Other
Intercompany receivables/payables			19,834	10,648
Net cash provided by (used in) investing activities			19,834	10,648
Cash flows from financing activities:
Net payments on revolving line of credit
Proceeds from long-term debt
Principal payments of long-term debt
Payment of debt acquisition costs
Proceeds from exercise of stock options			13,915	10,211
Excess tax benefit from stock-based compensation			1,537	10,262
Proceeds from issuance of stock through employee benefit plans			2,193	1,702
Other			(389)
Net cash provided by (used in) financing activities			17,256	22,175
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Issuer [Member]
Cash flows from operating activities:
Net income (loss)	146,257	94,682	452,358	190,643
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion			527	388
Deferred income taxes
Excess tax benefit from stock-based compensation
Gain loss from Equity method investment			(17,880)
Stock based and performance share unit compensation expense			27,845	10,273
Retirement and deferred compensation plan expense			1,455	1,994
(Earnings) losses from consolidated subsidiaries	(208,530)	(118,768)	(645,368)	(267,082)
(Earnings) losses from equity-method investments, net of cash received			2,787	(11,061)
Amortization of debt acquisition costs and note discount			7,439	19,321
(Gain) loss sale of business
Writeoff of debt acquisition costs and note discount			2,714
Other reconciling items, net			3,139	(1,279)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable			(172)	(1,072)
Inventory and other current assets			121	99
Accounts payable			1,180	(2,956)
Accrued expenses			9,049	9,810
Decommissioning liabilities
Income taxes
Other, net			(4,087)	(4,798)
Net cash provided by (used in) operating activities			(158,893)	(55,720)
Cash flows from investing activities:
Payments for capital expenditures			(5,041)	(70)
Proceeds from Sale of Available-for-sale Securities, Equity			31,150
Purchase of short-term investments, net.				(223,491)
Acquisitions of businesses, net of cash acquired			(1,229,327)
Change in restricted cash held for acquisition of business			785,280
Cash proceeds from sale of businesses			183,094
Proceeds from Sale of Equity Method Investments			34,087
Other
Intercompany receivables/payables			108,725	123,465
Net cash provided by (used in) investing activities			(92,032)	(100,096)
Cash flows from financing activities:
Net payments on revolving line of credit			15,000	(175,000)
Proceeds from long-term debt			400,000	500,000
Principal payments of long-term debt			(160,000)
Payment of debt acquisition costs			(25,266)	(9,558)
Proceeds from exercise of stock options
Excess tax benefit from stock-based compensation
Proceeds from issuance of stock through employee benefit plans
Other			(2,519)	(6,100)
Net cash provided by (used in) financing activities			227,215	309,342
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents			(23,710)	153,526
Cash and cash equivalents at beginning of period			29,057
Cash and cash equivalents at end of period	5,347	153,526	5,347	153,526
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	208,894	127,403	655,466	301,149
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion			307,270	154,827
Deferred income taxes
Excess tax benefit from stock-based compensation
Gain loss from Equity method investment
Stock based and performance share unit compensation expense
Retirement and deferred compensation plan expense
(Earnings) losses from consolidated subsidiaries	(8,110)	(881)	(36,311)	(2,062)
(Earnings) losses from equity-method investments, net of cash received
Amortization of debt acquisition costs and note discount
(Gain) loss sale of business			6,649	(8,558)
Writeoff of debt acquisition costs and note discount
Other reconciling items, net			(1,780)	(3,380)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable			(126,960)	(23,515)
Inventory and other current assets			90,221	14,281
Accounts payable			(8,524)	2,830
Accrued expenses			(52,395)	11,034
Decommissioning liabilities			(4,566)
Income taxes
Other, net			(6,379)	8,395
Net cash provided by (used in) operating activities			822,691	455,001
Cash flows from investing activities:
Payments for capital expenditures			(799,330)	(263,983)
Proceeds from Sale of Available-for-sale Securities, Equity
Purchase of short-term investments, net.
Acquisitions of businesses, net of cash acquired			106,952	(200)
Change in restricted cash held for acquisition of business
Cash proceeds from sale of businesses				22,349
Proceeds from Sale of Equity Method Investments
Other			25,022	(720)
Intercompany receivables/payables			(140,900)	(212,895)
Net cash provided by (used in) investing activities			(808,256)	(455,449)
Cash flows from financing activities:
Net payments on revolving line of credit
Proceeds from long-term debt
Principal payments of long-term debt
Payment of debt acquisition costs
Proceeds from exercise of stock options
Excess tax benefit from stock-based compensation
Proceeds from issuance of stock through employee benefit plans
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents			14,435	(448)
Cash and cash equivalents at beginning of period			6,272	5,493
Cash and cash equivalents at end of period	20,707	5,045	20,707	5,045
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss)	7,747	(7,754)	26,213	(32,005)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion			59,721	32,337
Deferred income taxes			3,459	(603)
Excess tax benefit from stock-based compensation
Gain loss from Equity method investment
Stock based and performance share unit compensation expense
Retirement and deferred compensation plan expense
(Earnings) losses from consolidated subsidiaries
(Earnings) losses from equity-method investments, net of cash received			553	(1,126)
Amortization of debt acquisition costs and note discount				12
(Gain) loss sale of business
Writeoff of debt acquisition costs and note discount			746
Other reconciling items, net			223
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable			(17,184)	(4,012)
Inventory and other current assets			(5,223)	(2,965)
Accounts payable			6,587	3,190
Accrued expenses			13,535	6,376
Decommissioning liabilities			(58)
Income taxes			(3,508)	(4,667)
Other, net			(15,184)	(870)
Net cash provided by (used in) operating activities			69,880	(4,333)
Cash flows from investing activities:
Payments for capital expenditures			(113,822)	(65,176)
Proceeds from Sale of Available-for-sale Securities, Equity
Purchase of short-term investments, net.
Acquisitions of businesses, net of cash acquired			49,843	(548)
Change in restricted cash held for acquisition of business
Cash proceeds from sale of businesses
Proceeds from Sale of Equity Method Investments
Other			3,416
Intercompany receivables/payables			12,341	78,782
Net cash provided by (used in) investing activities			(48,222)	13,058
Cash flows from financing activities:
Net payments on revolving line of credit
Proceeds from long-term debt
Principal payments of long-term debt			(12,546)	(405)
Payment of debt acquisition costs
Proceeds from exercise of stock options
Excess tax benefit from stock-based compensation
Proceeds from issuance of stock through employee benefit plans
Other			(2,935)	(2,353)
Net cash provided by (used in) financing activities			(15,481)	(2,758)
Effect of exchange rate changes on cash			1,910	409
Net increase (decrease) in cash and cash equivalents			8,087	6,376
Cash and cash equivalents at beginning of period			44,945	45,234
Cash and cash equivalents at end of period	53,032	51,610	53,032	51,610
Consolidation, Eliminations [Member]
Cash flows from operating activities:
Net income (loss)	(362,897)	(214,331)	(1,134,037)	(459,787)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion
Deferred income taxes
Excess tax benefit from stock-based compensation
Gain loss from Equity method investment
Stock based and performance share unit compensation expense
Retirement and deferred compensation plan expense
(Earnings) losses from consolidated subsidiaries	362,897	214,331	1,134,037	459,787
(Earnings) losses from equity-method investments, net of cash received
Amortization of debt acquisition costs and note discount
(Gain) loss sale of business
Writeoff of debt acquisition costs and note discount
Other reconciling items, net
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable
Inventory and other current assets
Accounts payable
Accrued expenses
Decommissioning liabilities
Income taxes
Other, net
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Payments for capital expenditures
Proceeds from Sale of Available-for-sale Securities, Equity
Purchase of short-term investments, net.
Acquisitions of businesses, net of cash acquired
Change in restricted cash held for acquisition of business
Cash proceeds from sale of businesses
Proceeds from Sale of Equity Method Investments
Other
Intercompany receivables/payables
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Net payments on revolving line of credit
Proceeds from long-term debt
Principal payments of long-term debt
Payment of debt acquisition costs
Proceeds from exercise of stock options
Excess tax benefit from stock-based compensation
Proceeds from issuance of stock through employee benefit plans
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period