Investments in Unconsolidated Affiliates (Tables)

3 Months Ended

Mar. 31, 2012

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

	Three Months Ended March 31,
	2012			2011
	(In thousands)
Gross revenues	$	160,509		$	82,203
Gross margin		93,605			69,814
Net income (loss)		(132,296	)		30,473
Nabors’ earnings (losses) from U.S. oil and gas joint venture		(62,562	)(1)		15,160

(1) During the three months ended March 31, 2012, our unconsolidated U.S. oil and gas joint venture recorded a full-cost ceiling test writedown, of which our proportionate share was $68.2 million. This writedown is included in our Oil and Gas Operating segment.