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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 89,007 $ 165,146 $ 211,383 $ 354,837
Operating costs:        
Operating costs 115,103 98,041 198,826 201,511
Depreciation, depletion, and amortization 35,960 66,292 97,577 128,418
Impairments (Note 3) 109,318 0 851,242 0
Loss on abandonment of assets (Note 3) 0 0 17,554 0
General and administrative 25,814 10,064 37,367 19,805
(Gain) loss on disposition of assets 877 (422) 1,267 1,193
Total operating expenses 287,072 173,975 1,203,833 350,927
Income (loss) from operations (198,065) (8,829) (992,450) 3,910
Other income (expense):        
Interest, net (excludes interest expense of $5.4 million on senior subordinated notes subject to compromise, for the three and six months ended June 30, 2020) (7,608) (8,995) (20,865) (17,533)
Write-off of debt issuance costs (Note 8) (2,426) 0 (2,426) 0
Gain (loss) on derivatives (Note 12) (6,937) 7,927 (6,454) 995
Reorganization items, net (Note 2) (7,027) 0 (7,027) 0
Other, net 43 6 103 11
Total other income (expense) (23,955) (1,062) (36,669) (16,527)
Loss before income taxes (222,020) (9,891) (1,029,119) (12,617)
Income tax benefit:        
Current 0 0 (917) 0
Deferred (6,455) (1,874) (8,963) (2,318)
Total income taxes (6,455) (1,874) (9,880) (2,318)
Net loss (215,565) (8,017) (1,019,239) (10,299)
Net income (loss) attributable to non-controlling interest 84 492 (33,096) 1,714
Net loss attributable to Unit Corporation $ (215,649) $ (8,509) $ (986,143) $ (12,013)
Net loss attributable to Unit Corporation per common share (Note 6):        
Basic $ (4.03) $ (0.16) $ (18.50) $ (0.23)
Diluted $ (4.03) $ (0.16) $ (18.50) $ (0.23)
Contractual Interest Expense on Prepetition Liabilities Not Recognized in Statement of Operations $ 5,400   $ 5,400  
Oil and natural gas        
Revenues:        
Revenues 26,956 $ 77,815 75,478 $ 163,910
Operating costs:        
Operating costs 71,540 36,242 102,203 68,956
Contract drilling        
Revenues:        
Revenues 29,202 43,037 65,834 94,192
Operating costs:        
Operating costs 20,951 29,308 46,400 60,709
Gas gathering and processing        
Revenues:        
Revenues 32,849 44,294 70,071 96,735
Operating costs:        
Operating costs $ 22,612 $ 32,491 $ 50,223 $ 71,846