Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 103,083 $ 51,431
Accounts and notes receivable, net of allowance for bad debts of $2,877 and $7,020 at September 30, 2011 and December 31, 2010 176,564 168,876
Rig materials and supplies 28,521 25,527
Deferred costs 4,377 2,229
Deferred income taxes 8,349 9,278
Other tax assets 42,021 46,429
Assets held for sale 5,287 5,287
Other current assets 12,219 59,067
Total current assets 380,421 368,124
Property, plant and equipment less accumulated depreciation and amortization of $945,527 and $875,179 at September 30, 2011 and December 31, 2010 872,366 816,147
Deferred income taxes 32,750 61,016
Other noncurrent assets 22,831 29,268
Total assets 1,308,368 1,274,555
Current liabilities:    
Current portion of long-term debt 144,224 12,000
Accounts payable and accrued liabilities 142,332 158,771
Accrued income taxes 5,317 4,492
Total current liabilities 291,873 175,263
Long-term debt 343,000 460,862
Other long-term liabilities 32,245 30,193
Long-term deferred tax liability 8,605 20,171
Contingencies (Note 9)    
Stockholders' equity:    
Common stock 19,488 19,397
Capital in excess of par value 635,487 630,409
Accumulated deficit (21,766) (61,493)
Total controlling interest stockholders' equity 633,209 588,313
Noncontrolling interest (564) (247)
Total equity 632,645 588,066
Total liabilities and stockholders' equity $ 1,308,368 $ 1,274,555