CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended	9 Months Ended
Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues and other income:
Operating revenues	$ 1,624,791	$ 1,069,261	$ 4,360,975	$ 2,856,636
Earnings (losses) from unconsolidated affiliates	33,723	11,842	59,304	28,329
Investment income (loss)	738	(733)	12,056	(976)
Total revenues and other income	1,659,252	1,080,370	4,432,335	2,883,989
Costs and other deductions:
Direct costs	1,030,231	625,561	2,723,714	1,648,289
General and administrative expenses	122,372	87,194	366,478	242,957
Depreciation and amortization	234,834	198,151	686,848	545,084
Depletion	11,789	5,778	18,060	15,646
Interest expense	57,907	66,973	195,570	199,035
Losses (gains) on sales and retirements of long-lived assets and other expense (income), net	(12,157)	9,407	(556)	40,798
Impairments and other charges	98,072	123,099	98,072	123,099
Total costs and other deductions	1,543,048	1,116,163	4,088,186	2,814,908
Income (loss) from continuing operations before income taxes	116,204	(35,793)	344,149	69,081
Income tax expense (benefit):
Current	17,698	(71,276)	42,142	(40,979)
Deferred	15,552	67,046	65,079	54,133
Total income tax expense (benefit)	33,250	(4,230)	107,221	13,154
Subsidiary preferred stock dividend	750		2,250
Income (loss) from continuing operations, net of tax	82,204	(31,563)	234,678	55,927
Income (loss) from discontinued operations, net of tax	(7,240)	(7,591)	114,496	(12,921)
Net income (loss)	74,964	(39,154)	349,174	43,006
Less: Net (income) loss attributable to noncontrolling interest	(708)	(453)	355	1,208
Net income (loss) attributable to Nabors	$ 74,256	$ (39,607)	$ 349,529	$ 44,214
Earnings (losses) per share:
Basic from continuing operations	$ 0.28	$ (0.11)	$ 0.82	$ 0.21
Basic from discontinued operations	$ (0.02)	$ (0.03)	$ 0.40	$ (0.05)
Total Basic	$ 0.26	$ (0.14)	$ 1.22	$ 0.16
Diluted from continuing operations	$ 0.28	$ (0.11)	$ 0.80	$ 0.19
Diluted from discontinued operations	$ (0.03)	$ (0.03)	$ 0.39	$ (0.04)
Total Diluted	$ 0.25	$ (0.14)	$ 1.19	$ 0.15
Weighted-average number of common shares outstanding:
Basic	287,487	285,282	286,971	285,045
Diluted	291,986	285,282	292,991	289,847

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