Revenues of $301.0 million for the first quarter were 10% higher than the first quarter of 2007 and were 3% higher than the preceding quarter. Domestic revenues increased 14% as compared to the first quarter of 2007 and were 4% higher than the preceding quarter. International revenues decreased 13% as compared to the first quarter of 2007 and were 6% lower than the preceding quarter.
Revenues in the drilling segment were $194.3 million in the first quarter, 8% higher than the comparable period in 2007 and 1% higher than the preceding quarter. Operating income of $28.4 million recorded in the first quarter was 10% higher than the comparable period in 2007 and 8% higher than the preceding quarter.
