CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues and other income:
Operating revenues	$ 1,354,905	$ 896,029	$ 2,736,184	$ 1,787,375
Earnings (losses) from unconsolidated affiliates	9,307	8,845	25,581	16,487
Investment income (loss)	(969)	2,314	11,318	(243)
Total revenues and other income	1,363,243	907,188	2,773,083	1,803,619
Costs and other deductions:
Direct costs	835,112	517,531	1,693,483	1,022,728
General and administrative expenses	125,648	80,337	244,106	155,763
Depreciation and amortization	225,912	175,397	452,014	346,933
Depletion	2,698	4,841	6,271	9,868
Interest expense	63,739	65,293	137,663	132,062
Losses (gains) on sales and retirements of long-lived assets and other expense (income), net	5,572	11,024	11,601	31,391
Total costs and other deductions	1,258,681	854,423	2,545,138	1,698,745
Income (loss) from continuing operations before income taxes	104,562	52,765	227,945	104,874
Income tax expense (benefit):
Current	7,791	17,652	24,444	30,297
Deferred	27,873	(8,858)	49,527	(12,913)
Total income tax expense (benefit)	35,664	8,794	73,971	17,384
Subsidiary preferred stock dividend	750		1,500
Income (loss) from continuing operations, net of tax	68,148	43,971	152,474	87,490
Income (loss) from discontinued operations, net of tax	123,906	(909)	121,736	(5,330)
Net income (loss)	192,054	43,062	274,210	82,160
Less: Net (income) loss attributable to noncontrolling interest	394	559	1,063	1,661
Net income (loss) attributable to Nabors	$ 192,448	$ 43,621	$ 275,273	$ 83,821
Earnings (losses) per share:
Basic from continuing operations	$ 0.24	$ 0.15	$ 0.54	$ 0.31
Basic from discontinued operations	$ 0.43		$ 0.42	$ (0.02)
Total Basic	$ 0.67	$ 0.15	$ 0.96	$ 0.29
Diluted from continuing operations	$ 0.23	$ 0.15	$ 0.52	$ 0.31
Diluted from discontinued operations	$ 0.42		$ 0.42	$ (0.02)
Total Diluted	$ 0.65	$ 0.15	$ 0.94	$ 0.29
Weighted-average number of common shares outstanding:
Basic	287,311	285,181	286,712	284,927
Diluted	294,298	289,796	293,493	290,266