XML 76 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Event
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENT
In October 2013, five of our idle drilling rigs met the criteria for classification as assets held for sale. One drilling rig was sold in October and the other four drilling rigs are under contract to be sold with closings anticipated to occur during the fourth quarter of 2013 and the first quarter of 2014. The drilling rigs are being sold to two separate unaffiliated third-parties. The proceeds for the sale of these assets, less costs to sell, is expected to exceed the approximate $17.2 million net book value of the drilling rigs, both in the aggregate and for each drilling rig.