Exhibit 99.1

Nabors 3Q2011 EPS Equals $0.44 from Continuing Operations, Excluding the Net Effect of
Certain Non-Cash Asset Gains and Impairments

Hamilton, Bermuda, October 25, 2011 / PRNewswire — FirstCall / Nabors Industries Ltd. (NYSE: NBR) today announced its results for the third quarter and nine months ended September 30, 2011. Adjusted income derived from operating activities was $235.7 million for the third quarter, compared to $164.4 million in the third quarter of 2010 and $174.8 million in the second quarter of this year. Net income from continuing operations was $129.6 million, or $0.44 per diluted share, excluding approximately $47.4 million, or $0.16 per diluted share, which represents the net effect of non-cash asset impairments related to rig retirements, partially offset by asset gains from two recent acquisitions. This compares to net income of $84.7 million, or $0.29 per diluted share, in the third quarter of 2010 and $68.1 million, or $0.23 per diluted share, in the second quarter of this year. Operating revenues and earnings from unconsolidated affiliates totaled $1.63 billion in the current quarter, compared to $1.08 billion in the third quarter of last year and $1.36 billion in the second quarter of this year. For the nine months ended September 30, 2011, adjusted income derived from operating activities was $601.6 million compared to $433.0 million in 2010. Excluding the aforementioned items, net income from continuing operations was $282.1 million, or $0.96 per diluted share, for the first nine months of 2011, compared to $172.2 million, or $0.59 per diluted share, in the first nine months of 2010.

Gene Isenberg, Nabors’ Chairman and CEO, commented, “The quarter represents solid performance across all of our US and Canada Land Drilling and Well-servicing operations. These results were bolstered by more normalized Pressure Pumping results, a significant increase in income from our Other Operating Segments, primarily Canrig, and a return to profitability in our US Offshore operations. All of this served to more than offset the seasonal low in Alaska and significantly lower than expected results in our International operations.

“Compared to the second quarter of this year, the largest improvements in income came from our Canadian and Pressure Pumping operations followed by Other Operating Segments, US Land Drilling, US Well Servicing and US Offshore.

“In our US Land Drilling unit, operating income reached $104.9 million, which represented a $5.6 million sequential increase. This improvement reflects an additional 7.6 rigs operating and brings the average rig count to 201.8 rigs for the quarter. Average margins increased by $370 per rig day when we normalize for the $395 margin per rig day attributable to early contract termination payments we received in the second quarter. During the quarter this unit retired 104 rigs; only 53 of these were included in our actively marketed rig fleet. All but seven of these rigs were mechanical. These rigs have been deemed to be functionally or economically non-competitive for today’s market and are being dismantled for parts and scrap.

“Today our rig count stands at 216 rigs on revenue, 163 of which have long-term contractual commitments. Since the last quarterly release we deployed seven new built AC rigs and five refurbished SCR rigs and we expect to deploy up to 11 new and upgraded rigs before the end of this year. That will leave 22 new rigs to be deployed by the end of the third quarter of 2012, including three recent new build commitments. Interest in additional new build rigs continues to be strong, with negotiations for a significant number of additional rig commitments ongoing. We expect the fourth quarter to realize an increase in income with the deployment of these rigs and another modest increase in average margins.

“Our US Well-servicing operations had significantly increased income of $22.8 million, primarily attributable to activity increases in both rigs and fluid hauling services. Rate increases also exerted a positive effect, but

higher costs continued to absorb a significant amount of these increases. Quarterly rig hours increased by approximately 10,000 to 205,610, while trucking hours increased by nearly 40,000 to 421,090. During the quarter, we deployed the last of 150 new fluid hauling units and 1,000 frac tanks, many of which have term contract commitments. We also started up the first four of 20 new 400 HP rigs for our California operations. We expect to receive the remaining 16 new rigs in California by the end of the first quarter and another 500 new frac tanks in other venues. This unit also is decommissioning a number of rigs and trucks, none of which were in the active fleet count. Activity remains strong and still appears to be increasing in most venues, particularly in the northeast and Bakken regions where we are rapidly increasing our presence.

“Our Pressure Pumping business recorded $65.1 million in operating income during the quarter despite a multi-week, flood-induced shutdown in northeast Pennsylvania and some residual cost variances that are dissipating rapidly. At the end of the quarter we had 19 large frac crews in service, including the five new spreads that have been added since mid-June, bringing our total fracturing hydraulic horsepower to 680,000. The remaining six new spreads are now on schedule and should be completed by the end of the first quarter of 2012. This will increase our number of spreads operating to 25 with a total fracturing hydraulic horsepower of 855,000. We now have 13 long-term contracts covering nine of the spreads currently in service and four covering future deliveries. The outlook for this business still appears to be quite good, although certain regions are becoming more competitive.

“Our US Offshore unit posted income of $2.5 million, representing its first quarterly profit since last year’s Macondo blowout in the Gulf of Mexico. One of our deepwater platform rigs returned to work at the beginning of August and several of our shallow water jackups and platform rigs have work commitments, but are delayed as the customers are still awaiting permits. It appears that most of these rigs should commence operations by mid-fourth quarter. The income from these rigs, along with the increasing contribution from progress payments covering the construction of a high-specification, deepwater platform rig for a major customer, should significantly bolster our 2012 results. We are building a second deepwater platform rig which will be owned by Nabors and which should commence operations in the first quarter of 2013.

“Our Canada operations posted $21.6 million in operating income despite a slow start to the quarter due to wet weather in July. The third quarter results approximate those achieved in the first quarter, which is customarily the annual peak, and represents one of our sharpest rebounds off of the seasonally low second quarter. All of this is indicative of the rapidly increasing level of activity this market is experiencing. During the quarter, we averaged 41.8 rigs operating, up to 46 rigs today, portending a strong fourth and first quarter. The increasing profitability of this unit is a function of the increased activity in conventional, oil-directed areas and the rapidly expanding development of the unconventional Cardium liquids-prone shale, which is becoming more of a year-round operation. In addition, the anticipation of the imminent approval of an LNG facility at Kitimat, on the west coast of British Columbia, is precipitating a more robust winter drilling season in the BC shales, further bolstering the short- and long-term outlooks for this market.

“In Alaska, the quarter’s operating income of $3.0 million reflected the normal seasonally low levels of the third quarter, with similar results expected in the fourth quarter. We anticipate a sharp increase in income for the first quarter, with an additional six or more rigs starting up for winter exploration and delineation projects. The robust winter season should also have a positive but lesser effect on our second quarter, with other pending developments potentially yielding significantly improved full-year results in 2012.

“Our Other Operating Segments posted a significant sequential increase with $22.0 million in operating income, primarily attributable to our Canrig operation, which continues to see strong growth. Our Ryan directional drilling operation showed a more modest increase, and our Peak operations in Alaska contributed significantly even though the third and fourth quarters constitute their seasonal low. At the end of July we

completed the purchase of our partner’s 50% interest in Peak Oilfield Services, making it a wholly owned subsidiary of Nabors. In mid-September, Peak acquired a competitive Rolligon operation giving us the largest fleet of North Slope tundra travel vehicles, which are essential to winter exploration and delineation operations.

“Results in our International unit were $29.0 million, which was below the flat results we previously forecasted. This was primarily the result of further delays, principally in Iraq and Saudi Arabia, regarding the start-up of several rigs and the deferral of some rig upgrades into subsequent quarters to facilitate the customer’s scheduling, two of our jackups remain in the shipyard, but are expected to return to work in early and mid-November. Another higher margin jackup is scheduled for drydocking late in the fourth quarter and probably will not recommence operations until early in the second quarter. Our last jackup is set to undergo inspection in the first quarter and will incur significant downtime. The financial impact of these two rigs being out of service longer and later than originally planned, combined with slippage on other large projects, is resulting in an expectation of sequentially declining income through the first quarter, after which we should see a significant rebound in income. This unit also decommissioned 13 rigs, seven of which were from its active fleet, as part of this quarter’s asset retirements. Our international rig count is improving and we anticipate approximately 130 rigs operating by the end of 2012, up significantly from the 105 we averaged in the third quarter. This supports our continued expectation of a significant increase in results for 2012.

“Our financial position remains solid with ongoing access to low-cost capital. In mid-August we completed the placement of $700 million in 10-year senior unsecured notes at a 4.63% interest rate. The proceeds were used to pay down our revolving lines of credit, thereby providing attractive long-term financing and additional liquidity to take advantage of investment opportunities as they arise.

“While we are fully cognizant of the vulnerability of oil and gas prices to weakening global GDP, particularly over the near-term, we have yet to see any signs of a slowdown in our day-to-day operations. There are numerous developments in all of our businesses that continue to support a positive outlook over the longer term. This quarter’s significant sequential income increase for most of our units and the visibility of pending improvement in the remaining units support our belief that we will see significant increases in income over the next several quarters, absent a marked contraction in customer spending. Even if that occurs, our vulnerability to such a development is significantly lower than it was in 2008 for several reasons. First, approximately 75 percent of our North American income is derived from oil-related operations, compared to approximately 35 percent in 2009. Next, roughly 75 percent of our US land rigs and 50 percent of our pressure pumping fleet are subject to term contract commitments. Finally, our International results have much less downside than 2008 when we were running at an annualized rate of $500 million in operating income and had a large number of maturing contracts, compared with today when our operating income run rate is $120 million and we have numerous multi-year contracts soon to commence. Consequently, even in a downturn, I believe we will maintain better results than the current stock price implies, and we are likely to see improved results in a moderately lower but stable commodity price environment.”

The Nabors companies own and operate approximately 491 land drilling rigs and approximately 749 land workover and well-servicing rigs in North America. Nabors’ actively marketed offshore fleet consists of 39 platform rigs, 12 jackup units and 4 barge rigs in the United States and multiple international markets. In addition, Nabors is one of the largest providers of hydraulic fracturing, cementing, nitrogen and acid pressure pumping services with over 780,000 hydraulic horsepower currently in service. Nabors also manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics, and facilities maintenance and project management services. Nabors participates in most of the significant oil and gas markets in the world.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors’ actual results may differ materially from those indicated or implied by such forward-looking statements. The projections contained in this release reflect management’s estimates as of the date of the release. Nabors does not undertake to update these forward-looking statements.

For further information, please contact Dennis A. Smith, Director of Corporate Development for Nabors Corporate Services, Inc., at 281-775-8038. To request investor materials, contact our corporate headquarters in Hamilton, Bermuda at 441-292-1510 or via email at mark.andrews@nabors.com.

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Unaudited)

		Three Months Ended												Nine Months Ended
		September 30,								June 30,				September 30,
(In thousands, except per share amounts)		2011				2010				2011				2011				2010
Revenues and other income:
Operating revenues		$	1,624,791			$	1,069,261			$	1,354,905			$	4,360,975			$	2,856,636
Earnings (losses) from unconsolidated affiliates			33,723				11,842				9,307				59,304				28,329
Investment income (loss)			738				(733	)			(969	)			12,056				(976	)
Total revenues and other income			1,659,252				1,080,370				1,363,243				4,432,335				2,883,989
Costs and other deductions:
Direct costs			1,030,231				625,561				835,112				2,723,714				1,648,289
General and administrative expenses			122,372				87,194				125,648				366,478				242,957
Depreciation and amortization			234,834				198,151				225,912				686,848				545,084
Depletion			11,789				5,778				2,698				18,060				15,646
Interest expense			57,907				66,973				63,739				195,570				199,035
Losses (gains) on sales and retirements of long-lived assets and other expense (income), net			(12,157	)			9,407				5,572				(556	)			40,798
Impairments and other charges			98,072				123,099				—				98,072				123,099
Total costs and other deductions			1,543,048				1,116,163				1,258,681				4,088,186				2,814,908
Income (loss) from continuing operations before income taxes			116,204				(35,793	)			104,562				344,149				69,081
Income tax expense (benefit):
Current			17,698				(71,276	)			7,791				42,142				(40,979	)
Deferred			15,552				67,046				27,873				65,079				54,133
Income tax expense (benefit)			33,250				(4,230	)			35,664				107,221				13,154
Subsidiary preferred stock dividend			750				—				750				2,250				—
Income (loss) from continuing operations, net of tax			82,204				(31,563	)			68,148				234,678				55,927
Income (loss) from discontinued operations, net of tax			(7,240	)			(7,591	)			123,906				114,496				(12,921	)
Net income (loss)			74,964				(39,154	)			192,054				349,174				43,006
Less: Net (income) loss attributable to noncontrolling interest			(708	)			(453	)			394				355				1,208
Net income (loss) attributable to Nabors		$	74,256			$	(39,607	)		$	192,448			$	349,529			$	44,214
Earnings (losses) per share: (1)
Basic from continuing operations		$	.28			$	(.11	)		$	.24			$	.82			$	.21
Basic from discontinued operations		$	(.02	)		$	(.03	)		$	.43			$	.40			$	(.05	)
Basic		$	.26			$	(.14	)		$	.67			$	1.22			$	.16
Diluted from continuing operations		$	.28			$	(.11	)		$	.23			$	.80			$	.19
Diluted from discontinued operations		$	(.03	)		$	(.03	)		$	.42			$	.39			$	(.04	)
Diluted		$	.25			$	(.14	)		$	.65			$	1.19			$	.15
Weighted-average number of common shares outstanding: (1)
Basic			287,487				285,282				287,311				286,971				285,045
Diluted			291,986				285,282				294,298				292,991				289,847
Adjusted income (loss) derived from operating activities (2)		$	259,288			$	164,419			$	174,842			$	625,179			$	432,989

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

		September 30,				June 30,				December 31,
(In thousands, except ratios)		2011				2011				2010
ASSETS
Current assets:
Cash and short-term investments		$	395,320			$	673,042			$	801,190
Accounts receivable, net			1,397,725				1,191,182				1,116,510
Assets held for sale			267,911				311,295				352,048
Other current assets			483,388				377,422				343,182
Total current assets			2,544,344				2,552,941				2,612,930
Long-term investments and other receivables			40,373				42,119				40,300
Property, plant and equipment, net			8,577,213				8,372,405				7,815,419
Goodwill			501,297				494,100				494,372
Investment in unconsolidated affiliates			323,066				303,970				267,723
Other long-term assets			332,053				350,117				415,825
Total assets		$	12,318,346			$	12,115,652			$	11,646,569
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt		$	275,227			$	881			$	1,379,018
Other current liabilities			1,140,538				1,024,069				775,362
Total current liabilities			1,415,765				1,024,950				2,154,380
Long-term debt			4,088,133				4,264,586				3,064,126
Other long-term liabilities			1,101,721				1,088,453				1,016,012
Total liabilities			6,605,619				6,377,989				6,234,518
Subsidiary preferred stock (1)			69,188				69,188				69,188
Equity:
Shareholders’ equity			5,631,812				5,655,504				5,328,162
Noncontrolling interest			11,727				12,971				14,701
Total equity			5,643,539				5,668,475				5,342,863
Total liabilities and equity		$	12,318,346			$	12,115,652			$	11,646,569
Cash, short-term and long-term investments (2)		$	435,693			$	715,161			$	841,490
Funded debt to capital ratio: (3)
- Gross			0.41 : 1				0.40 : 1				0.42 : 1
- Net of cash and investments			0.38 : 1				0.36 : 1				0.37 : 1
Interest coverage ratio: (4)			8.2 : 1				7.7 : 1				7.0 : 1

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
SEGMENT REPORTING
(Unaudited)

The following tables set forth certain information with respect to our reportable segments and rig activity:

		Three Months Ended												Nine Months Ended
		September 30,								June 30,				September 30,
(In thousands, except rig activity)		2011				2010				2011				2011				2010
Reportable segments:
Operating revenues and Earnings (losses) from unconsolidated affiliates from continuing operations:
Contract Drilling: (1)
U.S. Lower 48 Land Drilling		$	430,895			$	350,348			$	404,984			$	1,214,447			$	925,262
U.S. Land Well-servicing			189,356				119,127				164,140				503,752				321,978
U.S. Offshore			46,069				26,504				40,284				116,807				103,680
Alaska			27,027				45,920				32,336				100,678				139,099
Canada			145,587				85,728				87,974				406,004				262,043
International			281,686				288,535				265,231				809,394				800,886
Subtotal Contract Drilling (2)			1,120,620				916,162				994,949				3,151,082				2,552,948
Pressure Pumping (3)			343,723				61,611				265,930				867,512				61,611
Oil and Gas (4)			43,104				11,280				11,755				74,987				31,682
Other Operating Segments (5) (6)			199,604				130,392				162,491				483,478				333,654
Other reconciling items (7)			(48,537	)			(38,342	)			(70,913	)			(156,780	)			(94,930	)
Total		$	1,658,514			$	1,081,103			$	1,364,212			$	4,420,279			$	2,884,965
Adjusted income (loss) derived from operating activities from continuing operations:
Contract Drilling: (1)
U.S. Lower 48 Land Drilling		$	104,877			$	70,452			$	99,231			$	284,203			$	188,907
U.S. Land Well-servicing			22,839				9,049				16,526				50,488				19,465
U.S. Offshore			2,457				(1,090	)			(1,059	)			(2,579	)			14,387
Alaska			3,021				14,299				8,288				22,328				40,644
Canada			21,604				1,013				(2,512	)			58,084				6,398
International			29,015				64,379				35,851				100,363				182,930
Subtotal Contract Drilling (2)			183,813				158,102				156,325				512,887				452,731
Pressure Pumping (3)			65,052				11,987				43,888				152,655				11,987
Oil and Gas (4)			23,841				1,037				4,959				28,030				5,654
Other Operating Segments (5) (6)			22,012				17,969				13,641				41,791				33,176
Other reconciling items (8)			(35,430	)			(24,676	)			(43,971	)			(110,184	)			(70,559	)
Total			259,288				164,419				174,842				625,179				432,989
Interest expense			(57,907	)			(66,973	)			(63,739	)			(195,570	)			(199,035	)
Investment income (loss)			738				(733	)			(969	)			12,056				(976	)
Gains (losses) on sales and retirements of long-lived assets and other income (expense), net			12,157				(9,407	)			(5,572	)			556				(40,798	)
Impairments and other charges			(98,072	)			(123,099	)			—				(98,072	)			(123,099	)
Income (loss) from continuing operations before income taxes		$	116,204			$	(35,793	)		$	104,562			$	344,149			$	69,081
Rig activity:
Rig years: (9)
U.S. Lower 48 Land Drilling			201.8				182.2				194.2				194.7				171.2
U.S. Offshore			10.8				8.2				9.4				9.4				10.4
Alaska			4.7				6.7				4.5				4.8				7.9
Canada			41.8				27.5				22.5				38.0				26.6
International (10)			105.3				103.0				102.8				102.6				96.3
Total rig years			364.4				327.6				333.4				349.5				312.4
Rig hours: (11)
U.S. Land Well-servicing			205,610				168,949				195,949				589,140				474,495
Canada Well-servicing			49,788				44,606				29,254				132,196				122,849
Total rig hours			255,398				213,555				225,203				721,336				597,344

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSSES) PER SHARE
(Unaudited)

A reconciliation of the numerators and denominators of the basic and diluted earnings (losses) per share computations is as follows:

		Three Months Ended												Nine Months Ended
		September 30,								June 30,				September 30,
(In thousands, except per share amounts)		2011				2010				2011				2011				2010
Net income (loss) attributable to Nabors (numerator):
Income (loss) from continuing operations, net of tax		$	82,204			$	(31,563	)		$	68,148			$	234,678			$	55,927
Less: net (income) loss attributable to noncontrolling interest			(708	)			(453	)			394				355				1,208
Adjusted income (loss) from continuing operations, net of tax — basic		$	81,496			$	(32,016	)		$	68,542			$	235,033			$	57,135
Add interest expense on assumed conversion of our 0.94% senior exchangeable notes due 2011, net of tax (1)			—				—				—				—				—
Adjusted income (loss) from continuing operations, net of tax — diluted		$	81,496			$	(32,016	)		$	68,542			$	235,033			$	57,135
Income (loss) from discontinued operations, net of tax			(7,240	)			(7,591	)			123,906				114,496				(12,921	)
Adjusted net income (loss) attributable to Nabors		$	74,256			$	(39,607	)		$	192,448			$	349,529			$	44,214
Earnings (losses) per share:
Basic from continuing operations		$	.28			$	(.11	)		$	.24			$	.82			$	.21
Basic from discontinued operations			(.02	)			(.03	)			.43				.40				(.05	)
Total Basic		$	.26			$	(.14	)		$	.67			$	1.22			$	.16
Diluted from continuing operations		$	.28			$	(.11	)		$	.23			$	.80			$	.19
Diluted from discontinued operations			(.03	)			(.03	)			.42				.39				(.04	)
Total Diluted		$	.25			$	(.14	)		$	.65			$	1.19			$	.15
Shares (denominator):
Weighted-average number of shares outstanding-basic			287,487				285,282				287,311				286,971				285,045
Net effect of dilutive stock options, warrants and restricted stock awards based on the if-converted method			4,499				—				6,987				6,020				4,802
Assumed conversion of our 0.94% senior exchangeable notes due 2011 (1)			—				—				—				—				—
Weighted-average number of shares outstanding — diluted			291,986				285,282				294,298				292,991				289,847

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS) ITEMS EXCLUDING CERTAIN NON-CASH CHARGES AND OTHER NON-OPERATIONAL ITEMS (NON-GAAP)
(Unaudited)

						Charges and
						Non-Operational				As adjusted
(In thousands, except per share amounts)		Actuals				Items				(Non-GAAP)
2011:		Three Months Ended September 30, 2011
Operating revenues and Earnings (losses) from unconsolidated affiliates		$	1,658,514			$	27,229			$	1,631,285
Adjusted income (loss) derived from operating activities			259,288				23,612				235,676
Income (loss) from continuing operations, net of tax			82,204				(47,397	)			129,601
Net income (loss) attributable to Nabors			74,256				(47,397	)			121,653
Diluted earnings (losses) per share from continuing operations			0.28				(0.16	)			0.44
		Nine Months Ended September 30, 2011
Operating revenues and Earnings (losses) from unconsolidated affiliates		$	4,420,279			$	27,229			$	4,393,050
Adjusted income (loss) derived from operating activities			625,179				23,612				601,567
Income (loss) from continuing operations, net of tax			234,678				(47,397	)			282,075
Net income (loss) attributable to Nabors			349,529				(47,397	)			396,926
Diluted earnings (losses) per share from continuing operations			0.80				(0.16	)			0.96
2010:		Three Months Ended September 30, 2010
Operating revenues and Earnings (losses) from unconsolidated affiliates		$	1,081,103			$	—			$	1,081,103
Adjusted income (loss) derived from operating activities			164,419				—				164,419
Income (loss) from continuing operations, net of tax			(31,563	)			(116,280	)			84,717
Net income (loss) attributable to Nabors			(39,607	)			(116,280	)			76,673
Diluted earnings (losses) per share from continuing operations			(0.11	)			(0.40	)			0.29
		Nine Months Ended September 30, 2010
Operating revenues and Earnings (losses) from unconsolidated affiliates		$	2,884,965			$	—			$	2,884,965
Adjusted income (loss) derived from operating activities			432,989				—				432,989
Income (loss) from continuing operations, net of tax			55,927				(116,280	)			172,207
Net income (loss) attributable to Nabors			44,214				(116,280	)			160,494
Diluted earnings (losses) per share from continuing operations			0.19				(0.40	)			0.59

NABORS INDUSTRIES LTD. AND SUBSIDIARIES
SCHEDULE OF NON-CASH CHARGES AND OTHER NON-OPERATIONAL ITEMS (NON-GAAP)
(Unaudited)

		Three Months Ended																Nine Months Ended
		September 30,																September 30,
						Per Diluted								Per Diluted								Per Diluted								Per Diluted
(In thousands, except per share amounts)		2011				Share				2010				Share				2011				Share				2010				Share
Bargain purchase gain by oil and gas joint venture		$	(27,229	) (1)		$	(.06	)		$	—			$	—			$	(27,229	) (1)		$	(.06	)		$	—			$	—
Goodwill impairment			—				—				10,707				.03				—				—				10,707				.03
Rig asset retirements and impairments			98,072	(2)			.23				58,045				.16				98,072	(2)			.23				58,045				.16
Dry-hole expenses			3,617				.01				—				—				3,617				.01				—				—
Impairments of oil and gas financing receivable			—				—				54,347				.14				—				—				54,347				.14
Acquisition related expenses			—				—				7,000				.02				—				—				7,000				.02
Gain on acquisition of equity method investment			(12,178	) (3)			(.02	)			—				—				(12,178	) (3)			(.02	)			—				—
Other non-operational items			—				—				3,656				.01				—				—				3,656				.01
Colombia Tax Allowance			—				—				11,606				.04				—				—				11,606				.04
Total Adjustments before tax			62,282								145,361								62,282								145,361
Income Tax Effect of Adjustments			(14,885	)							(29,081	)							(14,885	)							(29,081	)
Total Adjustments, net of tax		$	47,397			$	.16			$	116,280			$	.40			$	47,397			$	.16			$	116,280			$	.40
Weighted-average number of shares outstanding — diluted			291,986								285,282								292,991								289,847