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Supplemental Condensed Consolidated Financial Information
 3 Months Ended
Mar. 31, 2019
Supplemental Condensed Consolidated Financial Information [Abstract]  
Condensed Consolidated Financial Statements SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION
We have no significant assets or operations other than our investments in our subsidiaries. Our wholly owned subsidiaries are the guarantors of our Notes. On April 3, 2018, we sold 50% of the ownership interest in our mid-stream segment, Superior and that company and its subsidiaries are no longer guarantors of the Notes. Instead of providing separate financial statements for each subsidiary issuer and guarantor, we have included the accompanying unaudited condensed consolidating financial statements based on Rule 3-10 of the SEC's Regulation S-X.

For purposes of the following footnote:

•we are referred to as "Parent",
•the direct subsidiaries are 100% owned by the Parent and the guarantee is full and unconditional and joint and several and referred to as "Combined Guarantor Subsidiaries", and
•Superior and its subsidiaries and the Operator are referred to as "Non-Guarantor Subsidiaries."

The following unaudited supplemental condensed consolidating financial information reflects the Parent's separate accounts, the combined accounts of the Combined Guarantor Subsidiaries', the combined accounts of the Non-Guarantor Subsidiaries', the combined consolidating adjustments and eliminations, and the Parent's consolidated amounts for the periods indicated.
Condensed Consolidating Balance Sheets (Unaudited)
March 31, 2019
ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents$507 $256 $3,128 $— $3,891 
Accounts receivable, net of allowance for doubtful accounts of $2,531 (Guarantor of $1,326 and Parent of $1,205) 1,879 75,400 23,871 (7,275)93,875 
Materials and supplies— 495 — — 495 
Current derivative asset3,464 — — — 3,464 
Income taxes receivable243 1,811 — — 2,054 
Assets held for sale— 19,728 — — 19,728 
Prepaid expenses and other2,190 2,868 2,446 — 7,504 
Total current assets8,283 100,558 29,445 (7,275)131,011 
Property and equipment:
Oil and natural gas properties on the full cost method:
Proved properties— 6,104,092 — — 6,104,092 
Unproved properties not being amortized
— 339,957 — — 339,957 
Drilling equipment— 1,279,735 — — 1,279,735 
Gas gathering and processing equipment— — 781,970 — 781,970 
Saltwater disposal systems— 69,010 — — 69,010 
Corporate land and building— 59,080 — — 59,080 
Transportation equipment9,731 17,332 3,264 — 30,327 
Other28,669 28,955 — — 57,624 
38,400 7,898,161 785,234 — 8,721,795 
Less accumulated depreciation, depletion, amortization, and impairment
29,057 5,820,157 376,006 — 6,225,220 
Net property and equipment9,343 2,078,004 409,228 — 2,496,575 
Intercompany receivable993,100 — — (993,100)— 
Goodwill— 62,808 — — 62,808 
Investments1,171,779 1,500 — (1,171,779)1,500 
Right of use asset10 1,762 2,779 — 4,551 
Other assets8,758 7,929 16,048 — 32,735 
Total assets$2,191,273 $2,252,561 $457,500 $(2,172,154)$2,729,180 
March 31, 2019
ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
(In thousands)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$10,199 $104,928 $24,176 $(6,404)$132,899 
Accrued liabilities29,654 15,342 3,555 (467)48,084 
Current operating lease liability9 658 1,702 — 2,369 
Current portion of other long-term liabilities781 6,606 6,923 — 14,310 
Total current liabilities40,643 127,534 36,356 (6,871)197,662 
Intercompany debt— 993,182 (82)(993,100)— 
Long-term debt less debt issuance costs685,031 — — — 685,031 
Non-current derivative liability475 — — — 475 
Operating lease liability— 1,015 937 — 1,952 
Other long-term liabilities14,356 76,831 13,048 (403)103,832 
Deferred income taxes57,319 87,050 — — 144,369 
Shareholders’ equity:
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued
— — — — — 
Common stock, $.20 par value, 175,000,000 shares authorized, 55,467,987 shares issued 10,578 — — — 10,578 
Capital in excess of par value633,361 45,921 197,042 (242,963)633,361 
Contributions from Unit— — 1,078 (1,078)— 
Accumulated other comprehensive loss— (457)— — (457)
Retained earnings749,510 921,485 6,254 (927,739)749,510 
Total shareholders’ equity attributable to Unit Corporation
1,393,449 966,949 204,374 (1,171,780)1,392,992 
Non-controlling interests in consolidated subsidiaries— — 202,867 — 202,867 
Total shareholders' equity1,393,449 966,949 407,241 (1,171,780)1,595,859 
Total liabilities and shareholders’ equity$2,191,273 $2,252,561 $457,500 $(2,172,154)$2,729,180 
December 31, 2018
ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents$403 $208 $5,841 $— $6,452 
Accounts receivable, net of allowance for doubtful accounts of $2,531 (Guarantor of $1,326 and Parent of $1,205) 2,539 94,526 36,676 (14,344)119,397 
Materials and supplies— 473 — — 473 
Current derivative asset12,870 — — — 12,870 
Income tax receivable243 — 1,811 — — 2,054 
Assets held for sale— 22,511 — — 22,511 
Prepaid expenses and other1,993 3,560 1,049 — 6,602 
Total current assets18,048 123,089 43,566 (14,344)170,359 
Property and equipment:
Oil and natural gas properties on the full cost method:
Proved properties— 6,018,568 — — 6,018,568 
Unproved properties not being amortized
— 330,216 — — 330,216 
Drilling equipment— 1,284,419 — — 1,284,419 
Gas gathering and processing equipment— — 767,388 — 767,388 
Saltwater disposal systems— 68,339 — — 68,339 
Corporate land and building— 59,081 — — 59,081 
Transportation equipment9,273 17,165 3,086 — 29,524 
Other28,584 28,923 — — 57,507 
37,857 7,806,711 770,474 — 8,615,042 
Less accumulated depreciation, depletion, amortization, and impairment
27,504 5,790,481 364,741 — 6,182,726 
Net property and equipment10,353 2,016,230 405,733 — 2,432,316 
Intercompany receivable950,916 — — (950,916)— 
Goodwill— 62,808 — — 62,808 
Investments1,160,444 1,500 — (1,160,444)1,500 
Other assets8,225 5,293 17,552 — 31,070 
Total assets$2,147,986 $2,208,920 $466,851 $(2,125,704)$2,698,053 
December 31, 2018
ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
(In thousands)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$8,697 $122,610 $32,214 $(13,576)$149,945 
Accrued liabilities28,230 16,409 5,493 (468)49,664 
Current portion of other long-term liabilities812 6,563 6,875 — 14,250 
Total current liabilities37,739 145,582 44,582 (14,044)213,859 
Intercompany debt— 948,707 2,209 (950,916)— 
Long-term debt less debt issuance costs644,475 — — — 644,475 
Non-current derivative liability293 — — — 293 
Other long-term liabilities13,134 73,713 14,687 (300)101,234 
Deferred income taxes60,983 83,765 — — 144,748 
Shareholders’ equity:
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued— — — — — 
Common stock, $.20 par value, 175,000,000 shares authorized, 54,055,600 shares issued 10,414 — — — 10,414 
Capital in excess of par value628,108 45,921 197,042 (242,963)628,108 
Contributions from Unit— — 792 (792)— 
Accumulated other comprehensive loss— (481)— — (481)
Retained earnings752,840 911,713 4,976 (916,689)752,840 
Total shareholders’ equity attributable to Unit Corporation
1,391,362 957,153 202,810 (1,160,444)1,390,881 
Non-controlling interests in consolidated subsidiaries— — 202,563 — 202,563 
Total shareholders' equity1,391,362 957,153 405,373 (1,160,444)1,593,444 
Total liabilities and shareholders’ equity$2,147,986 $2,208,920 $466,851 $(2,125,704)$2,698,053 
Condensed Consolidating Statements of Operations (Unaudited)
Three Months Ended March 31, 2019
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
Revenues$— $144,294 $70,509 $(25,112)$189,691 
Expenses:
Operating costs— 71,393 56,129 (24,052)103,470 
Depreciation, depletion, and amortization1,934 48,466 11,726 — 62,126 
General and administrative— 9,741 — — 9,741 
(Gain) loss on disposition of assets(10)1,667 (42)— 1,615 
Total operating costs1,924 131,267 67,813 (24,052)176,952 
Income (loss) from operations(1,924)13,027 2,696 (1,060)12,739 
Interest, net(8,202)— (336)— (8,538)
Loss on derivatives
(6,932)— — — (6,932)
Other, net5 — — — 5 
Income (loss) before income taxes(17,053)13,027 2,360 (1,060)(2,726)
Income tax expense (benefit)(3,699)3,255 — — (444)
Equity in net earnings from investment in subsidiaries, net of taxes
9,850 — — (9,850)— 
Net income (loss)(3,504)9,772 2,360 (10,910)(2,282)
Less: net income attributable to non-controlling interest— — 1,222 — 1,222 
Net income (loss) attributable to Unit Corporation$(3,504)$9,772 $1,138 $(10,910)$(3,504)
Three Months Ended March 31, 2018
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
Revenues$— $153,809 $74,650 $(23,327)$205,132 
Expenses:
Operating costs— 73,106 59,020 (22,893)109,233 
Depreciation, depletion, and amortization1,918 44,095 11,053 — 57,066 
General and administrative— 8,229 2,533 — 10,762 
Gain on disposition of assets(30)(97)(34)— (161)
Total operating costs1,888 125,333 72,572 (22,893)176,900 
Income (loss) from operations(1,888)28,476 2,078 (434)28,232 
Interest, net(9,855)— (149)— (10,004)
Loss on derivatives(6,762)— — — (6,762)
Other, net6 1 (1)— 6 
Income (loss) before income taxes(18,499)28,477 1,928 (434)11,472 
Income tax expense (benefit)(4,639)7,648 598 — 3,607 
Equity in net earnings from investment in subsidiaries, net of taxes
21,725 — — (21,725)— 
Net income attributable to Unit Corporation7,865 20,829 1,330 (22,159)7,865 
               
Condensed Consolidating Statements of Comprehensive Income (Loss) (Unaudited)
Three Months Ended March 31, 2019
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
Net income (loss)
$(3,504)$9,772 $2,360 $(10,910)$(2,282)
Other comprehensive income (loss), net of taxes:
Unrealized gain on securities, net of tax $7
— 24 — — 24 
Comprehensive income (loss)
(3,504)9,796 2,360 (10,910)(2,258)
Less: Comprehensive income attributable to non-controlling interests
— — 1,222 — 1,222 
Comprehensive income (loss) attributable to Unit Corporation
$(3,504)$9,796 $1,138 $(10,910)$(3,480)

Three Months Ended March 31, 2018
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
Net income
$7,865 $20,829 $1,330 $(22,159)$7,865 
Other comprehensive income, net of taxes:
Unrealized gain on securities, net of tax of ($58)
— (176)— — (176)
Comprehensive income
7,865 20,653 1,330 (22,159)7,689 
Less: Comprehensive income attributable to non-controlling interests
— — — — — 
Comprehensive income attributable to Unit Corporation
$7,865 $20,653 $1,330 $(22,159)$7,689 
Condensed Consolidating Statements of Cash Flows (Unaudited) 
Three Months Ended March 31, 2019
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities
$(562)$64,168 $13,506 $(34)$77,078 
INVESTING ACTIVITIES:
Capital expenditures
(321)(110,089)(12,097)— (122,507)
Producing properties and other acquisitions
— (1,580)— — (1,580)
Proceeds from disposition of assets
10 3,142 38 — 3,190 
Net cash used in investing activities
(311)(108,527)(12,059)— (120,897)
FINANCING ACTIVITIES:
Borrowings under credit agreement
106,900 — 2,900 — 109,800 
Payments under credit agreement
(66,900)— (2,900)— (69,800)
Intercompany borrowings (advances), net
(43,103)44,407 (1,338)34 — 
Payments on finance leases
— — (985)— (985)
Distributions to non-controlling interest919 — (1,837)— (918)
Book overdrafts
3,161 — — — 3,161 
Net cash provided by financing activities
977 44,407 (4,160)34 41,258 
Net increase (decrease) in cash and cash equivalents
104 48 (2,713)— (2,561)
Cash and cash equivalents, beginning of period
403 208 5,841 — 6,452 
Cash and cash equivalents, end of period
$507 $256 $3,128 $— $3,891 

Three Months Ended March 31, 2018
 ParentCombined Guarantor SubsidiariesCombined Non-Guarantor SubsidiariesConsolidating AdjustmentsTotal Consolidated
 (In thousands)
OPERATING ACTIVITIES:
Net cash provided by operating activities
$(5,452)$74,277 $14,743 $— $83,568 
INVESTING ACTIVITIES:
Capital expenditures
(56)(79,855)(10,338)— (90,249)
Producing properties and other acquisitions
— — — — — 
Proceeds from disposition of assets
30 22,028 26 — 22,084 
Net cash used in investing activities
(26)(57,827)(10,312)— (68,165)
FINANCING ACTIVITIES:
Borrowings under credit agreement
67,400 — — — 67,400 
Payments under credit agreement
(97,700)— — — (97,700)
Intercompany borrowings (advances), net
19,880 (16,395)(3,485)— — 
Payments on finance leases
— — (946)— (946)
Book overdrafts
15,894 — — — 15,894 
Net cash provided by (used in) financing activities
5,474 (16,395)(4,431)— (15,352)
Net increase (decrease) in cash and cash equivalents
(4)55 — — 51 
Cash and cash equivalents, beginning of period
510 191 — — 701 
Cash and cash equivalents, end of period
$506 $246 $— $— $752