Industry Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues: ⁽¹⁾
Oil and natural gas	$	325,797	$	—	$	—	$	—	$	—	$	325,797
Contract drilling	—		184,192		—		—		(15,809)		168,383
Gas gathering and processing	—		—		227,939		—		(47,485)		180,454
Total revenues	325,797		184,192		227,939		—		(63,294)		674,634
Expenses:
Operating costs:
Oil and natural gas	140,026		—		—		—		(4,902)		135,124
Contract drilling	—		130,188		—		—		(14,190)		115,998
Gas gathering and processing	—		—		176,189		—		(42,583)		133,606
Total operating costs	140,026		130,188		176,189		—		(61,675)		384,728
Depreciation, depletion, and amortization	168,651		51,552		47,663		7,707		—		275,573
Impairments ⁽²⁾	559,867		62,809		3,040		—		—		625,716
Total expenses	868,544		244,549		226,892		7,707		(61,675)		1,286,017
General and administrative	—		—		—		38,246		—		38,246
(Gain) loss on disposition of assets	(199)		3,872		(160)		(11)		—		3,502
Income (loss) from operations	(542,548)		(64,229)		1,207		(45,942)		(1,619)		(653,131)
Gain on derivatives	—		—		—		4,225		—		4,225
Interest expense, net	—		—		(1,546)		(35,466)		—		(37,012)
Other	(481)		(605)		827		23		—		(236)
Income (loss) before income taxes	$	(543,029)	$	(64,834)	$	488	$	(77,160)	$	(1,619)	$	(686,154)

Identifiable assets:
Oil and natural gas ⁽³⁾	$	851,662	$	—	$	—	$	—	$	(4,264)	$	847,398
Contract drilling	—		708,510		—		—		(42)		708,468
Gas gathering and processing	—		—		463,699		—		(4,255)		459,444
Total identifiable assets ⁽⁴⁾	851,662		708,510		463,699		—		(8,561)		2,015,310
Corporate land and building	—		—		—		54,155		—		54,155
Other corporate assets ⁽⁵⁾	—		—		—		23,092		(2,505)		20,587
Total assets	$	851,662	$	708,510	$	463,699	$	77,247	$	(11,066)	$	2,090,052

Capital expenditures:	$	268,622	$	40,636	$	64,438	$	673	$	—	$	374,369

_______________________

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.We incurred non-cash ceiling test write-down of our oil and natural gas properties of $559.4 million pre-tax ($422.4 million, net of tax). We also recognized goodwill impairment charges of $62.8 million pre-tax ($59.8 million, net of tax).

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, 2018
	Oil and Natural Gas		Contract Drilling		Mid-stream		Other		Eliminations		Total Consolidated
	(In thousands)
Revenues:
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 ⁽¹⁾	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.