Industry Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Revenue From Different Segments [Table Text Block]

The following table provides certain information about the operations of each of our segments:


	Year Ended December 31, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	423,059	$	—	$	—	$	—	$	—	$	423,059
Contract drilling	—		218,982		—		—		(22,490)		196,492
Gas gathering and processing	—		—		312,417		—		(88,687)		223,730
Total revenues	423,059		218,982		312,417		—		(111,177)		843,281
Expenses:
Operating costs:
Oil and natural gas	136,870		—		—		—		(5,195)		131,675
Contract drilling	—		150,834		—		—		(19,449)		131,385
Gas gathering and processing	—		—		251,328		—		(83,492)		167,836
Total operating costs	136,870		150,834		251,328		—		(108,136)		430,896
Depreciation, depletion, and amortization	133,584		57,508		44,834		7,679		—		243,605
Impairments ⁽²⁾	—		147,884		—		—		—		147,884
Total expenses	270,454		356,226		296,162		7,679		(108,136)		822,385
General and administrative	—		—		—		38,707		—		38,707
Gain on disposition of assets	(139)		(425)		(110)		(30)		—		(704)
Income (loss) from operations	152,744		(136,819)		16,365		(46,356)		(3,041)		(17,107)
Loss on derivatives	—		—		—		(3,184)		—		(3,184)
Interest expense, net	—		—		(1,214)		(32,280)		—		(33,494)
Other	—		—		—		22		—		22
Income (loss) before income taxes	$	152,744	$	(136,819)	$	15,151	$	(81,798)	$	(3,041)	$	(53,763)

Identifiable assets:
Oil and natural gas ⁽³⁾	$	1,357,779	$	—	$	—	$	—	$	(6,949)	$	1,350,830
Contract drilling	—		806,696		—		—		(85)		806,611
Gas gathering and processing	—		—		466,851		—		(5,023)		461,828
Total identifiable assets ⁽⁴⁾	1,357,779		806,696		466,851		—		(12,057)		2,619,269
Corporate land and building	—		—		—		55,505		—		55,505
Other corporate assets ⁽⁵⁾	—		—		—		25,566		(2,287)		23,279
Total assets	$	1,357,779	$	806,696	$	466,851	$	81,071	$	(14,344)	$	2,698,053

Capital expenditures:	$	367,335	$	75,510	$	44,810	$	1,125	$	—	$	488,780

_______________________

1.The revenues for oil and natural gas occur at a point in time. The revenues for contract drilling and gas gathering and processing occur over time.

2.Impairment for contract drilling equipment includes a $147.9 million pre-tax write-down for 41 drilling rigs and other drilling equipment.

3.Oil and natural gas assets include oil and natural gas properties, saltwater disposal systems, and other non-full cost pool assets.

4.Identifiable assets are those used in Unit’s operations in each industry segment.

5.Other corporate assets are principally cash and cash equivalents, short-term investments, transportation equipment, furniture, and equipment.


	Year Ended December 31, 2017
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues:
Oil and natural gas	$	357,744	$	—	$	—	$	—	$	—	$	357,744
Contract drilling	—		188,172		—		—		(13,452)		174,720
Gas gathering and processing	—		—		277,049		—		(69,873)		207,176
Total revenues	357,744		188,172		277,049		—		(83,325)		739,640
Expenses:
Operating costs:
Oil and natural gas	135,532		—		—		—		(4,743)		130,789
Contract drilling	—		134,432		—		—		(11,832)		122,600
Gas gathering and processing	—		—		220,613		—		(65,130)		155,483
Total operating costs	135,532		134,432		220,613		—		(81,705)		408,872
Depreciation, depletion and amortization	101,911		56,370		43,499		7,477		—		209,257
Total expenses	237,443		190,802		264,112		7,477		(81,705)		618,129
General and administrative	—		—		—		38,087		—		38,087
(Gain) loss on disposition of assets	(228)		776		(25)		(850)		—		(327)
Income (loss) from operations	120,529		(3,406)		12,962		(44,714)		(1,620)		83,751
Gain on derivatives	—		—		—		14,732		—		14,732
Interest expense, net	—		—		—		(38,334)		—		(38,334)
Other	—		—		—		21		—		21
Income (loss) before income taxes	$	120,529	$	(3,406)	$	12,962	$	(68,295)	$	(1,620)	$	60,170

Identifiable assets:
Oil and natural gas ⁽¹⁾	$	1,134,080	$	—	$	—	$	—	$	(6,180)	$	1,127,900
Contract drilling	—		933,063		—		—		—		933,063
Gas gathering and processing	—		—		439,369		—		(798)		438,571
Total identifiable assets ⁽²⁾	1,134,080		933,063		439,369		—		(6,978)		2,499,534
Corporate land and building	—		—		—		56,854		—		56,854
Other corporate assets ⁽³⁾	—		—		—		25,064		—		25,064
Total assets	$	1,134,080	$	933,063	$	439,369	$	81,918	$	(6,978)	$	2,581,452

Capital expenditures:	$	270,443	$	36,148	$	22,168	$	3,521	$	—	$	332,280

_______________________

1.Oil and natural gas assets include oil and natural gas properties, saltwater disposal systems, and other non-full cost pool assets.

2.Identifiable assets are those used in Unit’s operations in each industry segment.

3.Corporate assets are principally cash and cash equivalents, short-term investments, transportation equipment, furniture, and equipment.


	Year Ended December 31, 2016
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues:
Oil and natural gas	$	294,221	$	—	$	—	$	—	$	—	$	294,221
Contract drilling	—		122,086		—		—		—		122,086
Gas gathering and processing	—		—		237,785		—		(51,915)		185,870
Total revenues	294,221		122,086		237,785		—		(51,915)		602,177
Expenses:
Operating costs:
Oil and natural gas	126,739		—		—		—		(6,555)		120,184
Contract drilling	—		88,154		—		—		—		88,154
Gas gathering and processing	—		—		182,969		—		(45,360)		137,609
Total operating costs	126,739		88,154		182,969		—		(51,915)		345,947
Depreciation, depletion and amortization	113,811		46,992		45,715		1,835		—		208,353
Impairments ⁽¹⁾	161,563		—		—		—		—		161,563
Total expenses	402,113		135,146		228,684		1,835		(51,915)		715,863
General and administrative	—		—		—		33,337		—		33,337
(Gain) loss on disposition of assets	324		(3,184)		302		18		—		(2,540)
Income (loss) from operations	(108,216)		(9,876)		8,799		(35,190)		—		(144,483)
Gain on derivatives	—		—		—		(22,813)		—		(22,813)
Interest expense, net	—		—		—		(39,829)		—		(39,829)
Other	—		—		—		307		—		307
Income (loss) before income taxes	$	(108,216)	$	(9,876)	$	8,799	$	(97,525)	$	—	$	(206,818)

Identifiable assets:
Oil and natural gas ⁽²⁾	$	970,238	$	—	$	—	$	—	$	(5,079)	$	965,159
Contract drilling	—		941,676		—		—		—		941,676
Gas gathering and processing	—		—		462,330		—		(730)		461,600
Total identifiable assets ⁽³⁾	970,238		941,676		462,330		—		(5,809)		2,368,435
Corporate land and building	—		—		—		58,188		—		58,188
Other corporate assets ⁽⁴⁾	—		—		—		52,680		—		52,680
Total assets	$	970,238	$	941,676	$	462,330	$	110,868	$	(5,809)	$	2,479,303

Capital expenditures:	$	89,562	$	19,134	$	16,796	$	16,663	$	—	$	142,155

_______________________

1.We incurred non-cash ceiling test write-down of our oil and natural gas properties of $161.6 million pre-tax ($100.6 million, net of tax).

2.Oil and natural gas assets include oil and natural gas properties, saltwater disposal systems, and other non-full cost pool assets.

3.Identifiable assets are those used in Unit’s operations in each industry segment.

4.Corporate assets are principally cash and cash equivalents, short-term investments, transportation equipment, furniture, and equipment.