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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2020
Aug. 31, 2020
Sep. 30, 2021
Aug. 31, 2020
Sep. 30, 2021
Revenues:          
Revenues $ 32,846 $ 65,574 $ 163,248 $ 276,957 $ 418,202
Operating costs:          
Operating costs 19,515 38,720 99,188 237,546 244,494
Depreciation, depletion, and amortization 7,467 17,919 15,294 115,496 49,169
Impairments (Note 3) 13,237 16,572 0 867,814 0
Loss on abandonment of assets (Note 3) 0 1,179 0 18,733 0
General and administrative 1,582 5,399 5,126 42,766 18,046
(Gain) loss on disposition of assets (222) (1,356) (4,031) (89) (6,213)
Total operating expenses 41,579 78,433 115,577 1,282,266 305,496
Income (loss) from operations (8,733) (12,859) 47,671 (1,005,309) 112,706
Other income (expense):          
Interest, net (826) (1,959) (702) (22,824) (3,895)
Write-off of debt issuance costs 0 0 0 (2,426) 0
Gain (loss) on derivatives 3,939 (4,250) (39,742) (10,704) (104,973)
Loss on change in fair value of warrants 0 0 (9,054) 0 (12,628)
Reorganization Items (1,155) 141,002 (971) 133,975 (3,959)
Other, net 39 1,931 (7) 2,034 (762)
Total other income (expense) 1,997 136,724 (50,476) 100,055 (126,217)
Income (loss) before income taxes (6,736) 123,865 (2,805) (905,254) (13,511)
Income tax benefit:          
Current 0 0 0 (917) 0
Deferred 0 (4,750) 0 (13,713) 0
Total income taxes 0 (4,750) 0 (14,630) 0
Net income (loss) (6,736) 128,615 (2,805) [1] (890,624) (13,511)
Net income (loss) attributable to non-controlling interest 2,232 73,484 (9,100) 40,388 (4,875)
Net income (loss) attributable to Unit Corporation $ (8,968) $ 55,131 $ 6,295 $ (931,012) $ (8,636)
Net income (loss) attributable to Unit Corporation per common share (Note 6):          
Basic $ (0.75) $ 1.03 $ 0.56 $ (17.45) $ (0.74)
Diluted $ (0.75) $ 1.03 $ 0.55 $ (17.45) $ (0.74)
Drilling [Member]          
Operating costs:          
(Gain) loss on disposition of assets $ (200) $ (1,300) $ (3,100) $ (1,400) $ (5,200)
Operating Segments [Member] | Oil and Natural Gas [Member]          
Revenues:          
Revenues 13,644 27,962 66,202 103,443 181,003
Operating costs:          
Operating costs 6,892 15,895 22,022 119,664 58,365
Depreciation, depletion, and amortization 4,199 9,975 5,311 68,762 19,442
Impairments (Note 3) 13,237 16,572   393,726 0
Loss on abandonment of assets (Note 3)   87   17,641  
General and administrative 0 0 0 0 0
(Gain) loss on disposition of assets (10) (102) (14) (160) (101)
Other income (expense):          
Interest, net 0 0 0 0 0
Write-off of debt issuance costs       0  
Gain (loss) on derivatives 0 0 0 0 0
Loss on change in fair value of warrants     0   0
Reorganization Items 0 15,504 0 15,504 0
Other, net 29 428 51 458 140
Income (loss) before income taxes (10,645) 1,467 38,934 (480,228) 103,437
Operating Segments [Member] | Drilling [Member]          
Revenues:          
Revenues 4,414 7,685 19,158 73,519 52,893
Operating costs:          
Operating costs 2,989 5,410 15,357 51,811 41,308
Depreciation, depletion, and amortization 526 853 1,576 15,544 4,721
Impairments (Note 3) 0 0   410,126 0
Loss on abandonment of assets (Note 3)   1,092   1,092  
General and administrative 0 0 0 0 0
(Gain) loss on disposition of assets (212) (1,251) (3,091) (1,390) (5,237)
Other income (expense):          
Interest, net 0 0 0 0 0
Write-off of debt issuance costs       0  
Gain (loss) on derivatives 0 0 0 0 0
Loss on change in fair value of warrants     0   0
Reorganization Items 0 (183,664) 0 (183,664) 0
Other, net 1 1,426 (34) 1,449 (17)
Income (loss) before income taxes 1,112 (180,657) 5,282 (585,879) 12,084
Operating Segments [Member] | Mid-Stream [Member]          
Revenues:          
Revenues 17,284 34,132 92,022 114,531 217,954
Operating costs:          
Operating costs 12,130 21,620 76,823 80,607 181,109
Depreciation, depletion, and amortization 2,658 6,750 8,143 29,371 24,238
Impairments (Note 3) 0 0   63,962 0
Loss on abandonment of assets (Note 3)   0   0  
General and administrative 0 0 0 0 0
(Gain) loss on disposition of assets 0 (3) 0 (18) 75
Other income (expense):          
Interest, net (137) (828) (250) (1,888) (666)
Write-off of debt issuance costs       0  
Gain (loss) on derivatives 0 0 0 0 0
Loss on change in fair value of warrants     0   0
Reorganization Items 0 (71,016) 0 (71,016) 0
Other, net 8 11 (24) 50 (863)
Income (loss) before income taxes 2,367 (66,068) 6,782 (132,245) 11,003
Corporate, Non-Segment | Corporate and Other          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Depreciation, depletion, and amortization 84 341 264 1,819 768
Impairments (Note 3) 0 0   0 0
Loss on abandonment of assets (Note 3)   0   0  
General and administrative 1,582 5,399 4,246 42,766 15,406
(Gain) loss on disposition of assets 0 0 (926) 1,479 (950)
Other income (expense):          
Interest, net (689) (1,131) (452) (20,936) (3,229)
Write-off of debt issuance costs       (2,426)  
Gain (loss) on derivatives 3,939 (4,250) (39,742) (10,704) (104,973)
Loss on change in fair value of warrants     (9,054)   (12,628)
Reorganization Items (1,155) 380,178 (971) 373,151 (3,959)
Other, net 1 66 0 77 (22)
Income (loss) before income taxes 430 369,123 (53,803) 293,098 (140,035)
Intersegment Eliminations          
Revenues:          
Revenues (2,496) (4,205) (14,134) (14,536) (33,648)
Operating costs:          
Operating costs (2,496) (4,205) (15,014) (14,536) (36,288)
Depreciation, depletion, and amortization 0 0 0 0 0
Impairments (Note 3) 0 0   0 0
Loss on abandonment of assets (Note 3)   0   0  
General and administrative 0 0 880 0 2,640
(Gain) loss on disposition of assets 0 0 0 0 0
Other income (expense):          
Interest, net 0 0 0 0 0
Write-off of debt issuance costs       0  
Gain (loss) on derivatives 0 0 0 0 0
Loss on change in fair value of warrants     0   0
Reorganization Items 0 0 0 0 0
Other, net 0 0 0 0 0
Income (loss) before income taxes 0 0 0 0 0
Oil and natural gas          
Revenues:          
Revenues 13,643 27,961 52,880 103,439 149,874
Operating costs:          
Operating costs 6,674 15,488 21,210 117,691 55,846
Oil and natural gas | Operating Segments [Member] | Oil and Natural Gas [Member]          
Revenues:          
Revenues 13,644 27,962 66,202 103,443 181,003
Operating costs:          
Operating costs 6,892 15,895 22,022 119,664 58,365
Oil and natural gas | Operating Segments [Member] | Drilling [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Oil and natural gas | Operating Segments [Member] | Mid-Stream [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Oil and natural gas | Corporate, Non-Segment | Corporate and Other          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Oil and natural gas | Intersegment Eliminations          
Revenues:          
Revenues (1) (1) (13,322) (4) (31,129)
Operating costs:          
Operating costs (218) (407) (812) (1,973) (2,519)
Contract drilling          
Revenues:          
Revenues 4,414 7,685 19,158 73,519 52,893
Operating costs:          
Operating costs 2,989 5,410 15,357 51,810 41,308
Contract drilling | Operating Segments [Member] | Oil and Natural Gas [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Contract drilling | Operating Segments [Member] | Drilling [Member]          
Revenues:          
Revenues 4,414 7,685 19,158 73,519 52,893
Operating costs:          
Operating costs 2,989 5,410 15,357 51,811 41,308
Contract drilling | Operating Segments [Member] | Mid-Stream [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Contract drilling | Corporate, Non-Segment | Corporate and Other          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Contract drilling | Intersegment Eliminations          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 (1) 0
Gas gathering and processing          
Revenues:          
Revenues 14,789 29,928 91,210 99,999 215,435
Operating costs:          
Operating costs 9,852 17,822 62,621 68,045 147,340
Gas gathering and processing | Operating Segments [Member] | Oil and Natural Gas [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Gas gathering and processing | Operating Segments [Member] | Drilling [Member]          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Gas gathering and processing | Operating Segments [Member] | Mid-Stream [Member]          
Revenues:          
Revenues 17,284 34,132 92,022 114,531 217,954
Operating costs:          
Operating costs 12,130 21,620 76,823 80,607 181,109
Gas gathering and processing | Corporate, Non-Segment | Corporate and Other          
Revenues:          
Revenues 0 0 0 0 0
Operating costs:          
Operating costs 0 0 0 0 0
Gas gathering and processing | Intersegment Eliminations          
Revenues:          
Revenues (2,495) (4,204) (812) (14,532) (2,519)
Operating costs:          
Operating costs $ (2,278) $ (3,798) $ (14,202) $ (12,562) $ (33,769)
[1] Includes a one-time adjustment to correct an error discovered in our second quarter 2021 allocation of earnings from consolidated subsidiaries, as described in Note 2 - Summary Of Significant Accounting Policies.