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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, 2019
Aug. 31, 2020
Sep. 30, 2019
Revenues:          
Revenues $ 32,846 [1] $ 65,574 [1] $ 155,439 [1] $ 276,957 [1] $ 510,276
Operating costs:          
Operating costs 19,515 38,720 92,653 237,546 294,164
Depreciation, depletion, and amortization 7,467 17,919 70,214 115,496 198,632
Impairments (Note 4) 13,237 16,572 234,880 867,814 234,880
Loss on abandonment of assets (Note 4) 0 1,179 0 18,733 0
General and administrative 1,582 5,399 10,094 42,766 29,899
(Gain) loss on disposition of assets (222) (1,356) 231 (89) 1,424
Total operating expenses 41,579 78,433 408,072 1,282,266 758,999
Loss from operations (8,733) (12,859) (252,633) (1,005,309) (248,723)
Other income (expense):          
Interest, net (826) (1,959) (9,534) (22,824) (27,067)
Write-off of debt issuance costs (Note 9) 0 0   (2,426) 0
Gain (loss) on derivatives (Note 13) 3,939 (4,250) 4,237 (10,704) 5,232
Reorganization items, net (Note 3) (1,155) 141,002 0 133,975 0
Other, net 39 1,931 (622) 2,034 (611)
Total other income (expense) 1,997 136,724 (5,919) 100,055 (22,446)
Income (loss) before income taxes (6,736) 123,865 (258,552) (905,254) (271,169)
Income tax benefit:          
Current 0     (917) 0
Deferred 0 (4,750) (50,763) (13,713) (53,081)
Total income taxes 0 (4,750) (50,763) (14,630) (53,081)
Net income (loss) (6,736) 128,615 (207,789) (890,624) (218,088)
Net income (loss) attributable to non-controlling interest 2,232 73,484 (903) 40,388 811
Net income (loss) attributable to Unit Corporation $ (8,968) $ 55,131 $ (206,886) $ (931,012) $ (218,899)
Net income (loss) attributable to Unit Corporation per common share (Note 7):          
Basic $ (0.75) $ 1.03 $ (3.91) $ (17.45) $ (4.14)
Diluted   $ 1.03 $ (3.91) $ (17.45) $ (4.14)
Oil and natural gas          
Revenues:          
Revenues $ 13,643 [1] $ 27,961 [1] $ 78,045 [1] $ 103,439 [1] $ 241,955
Operating costs:          
Operating costs 6,674 15,488 35,364 117,691 104,320
Contract drilling          
Revenues:          
Revenues 4,414 [1] 7,685 [1] 37,596 [1] 73,519 [1] 131,788
Operating costs:          
Operating costs 2,989 5,410 28,796 51,810 89,505
Gas gathering and processing          
Revenues:          
Revenues 14,789 [1] 29,928 [1] 39,798 [1] 99,999 [1] 136,533
Operating costs:          
Operating costs $ 9,852 $ 17,822 $ 28,493 $ 68,045 $ 100,339
[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.