Subsequent Events (Note)

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events Disclosure [Text Block]

Subsequent Events

On November 1, 2013, we terminated a financing master lease agreement on 106 surface properties in the Fort Worth area for $257 million. We anticipate recording a loss of approximately $120 million in the 2013 fourth quarter associated with this extinguishment. See Note 5 for additional information on this financing obligation.

Subsequent to September 30, 2013, we acquired nine rigs subject to the master lease agreements described in Note 4. In conjunction with the purchases, we also terminated approximately $58 million of remaining lease commitments associated with these rigs. Total consideration paid was approximately $70 million and we anticipate recording a charge in the 2013 fourth quarter for the lease termination cost.