Business Segments

9 Months Ended

Sep. 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 nine months ended September 30, 2011 and 2010:

						Inter-segment
	Oil and Gas			Drilling		Eliminations			Consolidated
	(In thousands)
Three Months Ended September 30, 2011
Revenues from external customers	$	16,546		$	—	$	—		$	16,546
Inter-segment revenues		—			—		—			—
Total revenues	$	16,546		$	—	$	—		$	16,546
Operating loss	$	(428,297	)	$	—	$	—		$	(428,297	)
Other expense (1)		(1,676	)		—		—			(1,676	)
Loss from continuing operations, before tax	$	(429,973	)	$	—	$	—		$	(429,973	)
Three Months Ended September 30, 2010
Revenues from external customers	$	12,652		$	—	$	—		$	12,652
Inter-segment revenues		—			—		—			—
Total revenues	$	12,652		$	—	$	—		$	12,652
Operating loss	$	(13,792	)	$	—	$	—		$	(13,792	)
Other expense (1)		(443	)		—		—			(443	)
Loss from continuing operations, before tax	$	(14,235	)	$	—	$	—		$	(14,235	)
Nine Months Ended September 30, 2011
Revenues from external customers	$	51,143		$	—	$	—		$	51,143
Inter-segment revenues		—			—		—			—
Total revenues	$	51,143		$	—	$	—		$	51,143
Operating loss	$	(445,958	)	$	—	$	—		$	(445,958	)
Other expense (1)		(24,163	)		—		—			(24,163	)
Loss from continuing operations, before tax	$	(470,121	)	$	—	$	—		$	(470,121	)
Nine Months Ended September 30, 2010
Revenues from external customers	$	46,599		$	—	$	—		$	46,599
Inter-segment revenues		—			—		—			—
Total revenues	$	46,599		$	—	$	—		$	46,599
Operating loss	$	(76,001	)	$	—	$	—		$	(76,001	)
Other income (1)		469			—		—			469
Loss from continuing operations, before tax	$	(75,532	)	$	—	$	—		$	(75,532	)
September 30, 2011
Total Assets	$	549,825		$	70,819	$	(66,373	)	$	554,271
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.