Business Segments

6 Months Ended

Jun. 30, 2011

Business Segments [Abstract]

Business Segments

(14) Business Segments

The Company has two reportable segments: oil and gas exploration and production (“Oil and Gas”) and drilling and trucking operations (“Drilling”) through its ownership in DHS. However, as DHS has been reported as discontinued operations (see Note 4, “Discontinued Operations”), drilling did not affect continuing operations and thus is excluded from the table below. Following is a summary of segment results impacting continuing operations for the three and six months ended June 30, 2011 and 2010:

				Inter-segment
	Oil and Gas			Drilling		Eliminations			Consolidated
	(In thousands)
Three Months Ended June 30, 2011
Revenues from external customers	$	16,882		$	—	$	—		$	16,882
Inter-segment revenues		—			—		—			—
Total revenues	$	16,882		$	—	$	—		$	16,882
Operating loss	$	(8,422	)	$	—	$	—		$	(8,422	)
Other expense (1)		(4,302	)		—		—			(4,302	)
Loss from continuing operations, before tax	$	(12,724	)	$	—	$	—		$	(12,724	)
Three Months Ended June 30, 2010
Revenues from external customers	$	14,713		$	—	$	—		$	14,713
Inter-segment revenues		—			—		—			—
Total revenues	$	14,713		$	—	$	—		$	14,713
Operating loss	$	(49,512	)	$	—	$	—		$	(49,512	)
Other expense (1)		(3,604	)		—		—			(3,604	)
Loss from continuing operations, before tax	$	(53,116	)	$	—	$	—		$	(53,116	)
Six Months Ended June 30, 2011
Revenues from external customers	$	34,597		$	—	$	—		$	34,597
Inter-segment revenues		—			—		—			—
Total revenues	$	34,597		$	—	$	—		$	34,597
Operating loss	$	(17,661	)	$	—	$	—		$	(17,661	)
Other expense (1)		(22,487	)		—		—			(22,487	)
Loss from continuing operations, before tax	$	(40,148	)	$	—	$	—		$	(40,148	)
Six Months Ended June 30, 2010
Revenues from external customers	$	33,946		$	—	$	—		$	33,946
Inter-segment revenues		—			—		—			—
Total revenues	$	33,946		$	—	$	—		$	33,946
Operating loss	$	(61,502	)	$	—	$	—		$	(61,502	)
Other income (1)		912			—		—			912
Loss from continuing operations, before tax	$	(60,590	)	$	—	$	—		$	(60,590	)
June 30, 2011
Total Assets	$	975,540		$	66,704	$	(66,399	)	$	975,845
December 31, 2010
Total Assets	$	1,016,635		$	74,093	$	(66,616	)	$	1,024,112

⁽¹⁾ Other income and expense includes interest and financing costs, realized losses on derivative instruments, unrealized gains and losses on derivative instruments, interest income, income and loss from unconsolidated affiliates and other miscellaneous income. Non-controlling interests are included in inter-segment eliminations.