XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Oil and natural gas $ 106,069us-gaap_OilAndGasRevenue $ 188,207us-gaap_OilAndGasRevenue
Contract drilling 95,077us-gaap_RevenueOilAndGasServices 106,600us-gaap_RevenueOilAndGasServices
Gas gathering and processing 53,953us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue 93,181us-gaap_GasGatheringTransportationMarketingAndProcessingRevenue
Total revenues 255,099us-gaap_Revenues 387,988us-gaap_Revenues
Oil and natural gas:    
Operating costs 45,211us-gaap_OilAndGasProductionExpense 40,415us-gaap_OilAndGasProductionExpense
Depreciation, depletion, and amortization 77,118unt_OilAndNaturalGasDepreciationDepletionAndAmortization 59,680unt_OilAndNaturalGasDepreciationDepletionAndAmortization
Impairment of oil and natural gas properties (Note 2) 400,593us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties
Contract drilling:    
Operating costs 51,746us-gaap_CostOfServicesOilAndGas 63,804us-gaap_CostOfServicesOilAndGas
Depreciation 15,013unt_ContractDrillingDepreciation 18,395unt_ContractDrillingDepreciation
Gas gathering and processing:    
Operating costs 44,175us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 80,960us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Depreciation and amortization 10,694unt_GasGatheringTransportationMarketingAndProcessingDepreciation 9,591unt_GasGatheringTransportationMarketingAndProcessingDepreciation
General and administrative 9,370us-gaap_GeneralAndAdministrativeExpense 9,637us-gaap_GeneralAndAdministrativeExpense
Gain on disposition of assets (545)us-gaap_GainLossOnDispositionOfAssets1 (9,426)us-gaap_GainLossOnDispositionOfAssets1
Total operating expenses 653,375us-gaap_CostsAndExpenses 273,056us-gaap_CostsAndExpenses
Income (loss) from operations (398,276)us-gaap_IncomeLossFromContinuingOperations 114,932us-gaap_IncomeLossFromContinuingOperations
Other income (expense):    
Interest, net (7,240)us-gaap_InterestIncomeExpenseNet (3,790)us-gaap_InterestIncomeExpenseNet
Gain (loss) on derivatives not designated as hedges 6,586us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (18,366)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Other (2)us-gaap_OtherIncome 120us-gaap_OtherIncome
Total other income (expense) (656)us-gaap_OtherNonoperatingIncomeExpense (22,036)us-gaap_OtherNonoperatingIncomeExpense
Income (loss) before income taxes (398,932)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 92,896us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit):    
Current 65us-gaap_CurrentIncomeTaxExpenseBenefit 9,795us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred (150,643)us-gaap_DeferredIncomeTaxExpenseBenefit 26,156us-gaap_DeferredIncomeTaxExpenseBenefit
Total income taxes (150,578)us-gaap_IncomeTaxExpenseBenefit 35,951us-gaap_IncomeTaxExpenseBenefit
Net income (loss) $ (248,354)us-gaap_NetIncomeLoss $ 56,945us-gaap_NetIncomeLoss
Net income (loss) per common share:    
Basic $ (5.07)us-gaap_EarningsPerShareBasic $ 1.17us-gaap_EarningsPerShareBasic
Diluted $ (5.07)us-gaap_EarningsPerShareDiluted $ 1.17us-gaap_EarningsPerShareDiluted