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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 91,557,000 $ 701,000
Accounts receivable, net of allowance for doubtful accounts of $2,450 at both September 30, 2018 and December 31, 2017, respectively 122,123,000 111,512,000
Materials and supplies 505,000 505,000
Current derivative asset (Note 10) 0 721,000
Prepaid expenses and other 9,419,000 6,233,000
Total current assets 223,604,000 119,672,000
Oil and natural gas properties on the full cost method:    
Proved properties 5,901,661,000 5,712,813,000
Unproved properties not being amortized 332,886,000 296,764,000
Drilling equipment 1,632,540,000 1,593,611,000
Gas gathering and processing equipment 751,715,000 726,236,000
Saltwater disposal systems 67,074,000 62,618,000
Corporate land and building 59,081,000 59,080,000
Transportation equipment 29,103,000 29,631,000
Other 56,750,000 53,439,000
Property, plant, and equipment, gross 8,830,810,000 8,534,192,000
Less accumulated depreciation, depletion, amortization, and impairment 6,325,160,000 6,151,450,000
Net property and equipment 2,505,650,000 2,382,742,000
Goodwill 62,808,000 62,808,000
Other assets 28,703,000 16,230,000
Total assets 2,820,765,000 [1] 2,581,452,000
Current liabilities:    
Accounts payable 143,552,000 112,648,000
Accrued liabilities (Note 5) 67,743,000 48,523,000
Income taxes payable 1,051,000 0
Current derivative liability (Note 10) 13,067,000 7,763,000
Current portion of other long-term liabilities (Note 6) 14,150,000 13,002,000
Total current liabilities 239,563,000 181,936,000
Long-term debt less debt issuance costs (Note 6) 643,921,000 820,276,000
Non-current derivative liability (Note 10) 1,542,000 0
Other long-term liabilities (Note 6) 101,410,000 100,203,000
Deferred income taxes 164,964,000 133,477,000
Commitments and contingencies (Note 12) 0 0
Shareholders' equity:    
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $.20 par value, 175,000,000 shares authorized, 54,063,705 and 52,880,134 shares issued as of September 30, 2018 and December 31, 2017, respectively 10,414,000 10,280,000
Capital in excess of par value 626,746,000 535,815,000
Accumulated other comprehensive income (loss) (Note 14) (103,000) 63,000
Retained earnings 830,680,000 799,402,000
Total shareholders’ equity attributable to Unit Corporation 1,467,737,000 1,345,560,000
Non-controlling interests in consolidated subsidiaries 201,628,000 0
Total shareholders' equity 1,669,365,000 1,345,560,000
Total liabilities and shareholders' equity $ 2,820,765,000 [1] $ 2,581,452,000
[1] Unit Corporation's consolidated total assets as of September 30, 2018 include total current and long-term assets of its variable interest entity (VIE) (Superior Pipeline Company, L.L.C.) of $41.8 million and $416.7 million, respectively, which can only be used to settle obligations of the VIE. Unit Corporation's consolidated total liabilities as of September 30, 2018 include total current and long-term liabilities of the VIE of $38.6 million and $16.1 million, respectively, for which the creditors of the VIE have no recourse to Unit Corporation. See Note 13 – Variable Interest Entity Arrangements.