Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2011

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

10. Supplemental Cash Flow Information

     The Company had non-cash investing activities related to its equity investment in Discovery Offshore as 500,000 shares of Discovery Offshore valued at $1.0 million were received by the Company as reimbursement for costs incurred and efforts expended in forming Discovery Offshore.

     The following summarizes investing activities relating to the acquisition of Seahawk assets integrated into the Company’s operations for the period shown (in thousands):

	Six Months
	Ended
	June 30, 2011
Fair Value of Assets	$	160,770
Common Stock Issuance		(125,329	)
Total Liabilities		(10,441	)
Cash Consideration	$	25,000

	Six Months Ended June 30,
	2011			2010
	(In thousands)
Cash paid (received), net during the period for:
Interest	$	26,092		$	28,628
Income taxes		(427	)		23,603