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Inventories

6 Months Ended

Jun. 30, 2011

NOTE 5 — INVENTORIES

Inventories consisted of the following (in thousands):


	Successor		Predecessor
	June 30,		December 31,
	2011		2010
Manufactured
Finished goods	$	5,319	$	4,238
Work in process		3,849		2,990
Raw materials		5,138		3,600

Total manufactured		14,306		10,828
Rig parts and related inventory		13,582		11,565
Shop supplies and related inventory		10,486		9,620
Chemicals and drilling fluids		5,621		4,814
Rental supplies		1,593		1,761
Hammers		2,604		2,380
Coiled tubing and related inventory		1,725		1,046
Drive pipe		109		126

Total inventories	$	50,026	$	42,140

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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