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Supplemental Condensed Consolidated Financial Information (Condensed Consolidating Statements of Operation) (Details) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 8 Months Ended 12 Months Ended
Sep. 30, 2020
Aug. 31, 2020
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Aug. 31, 2020
Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]                        
Revenues $ 32,846 $ 65,574 $ 100,682 $ 89,007 $ 122,376 $ 164,358 $ 155,439 $ 165,146 $ 189,691   $ 276,957 $ 674,634
Expenses                        
Operating costs                   $ 81,277 237,546 384,728
Depreciation, depletion, and amortization                   27,962 115,496 275,573
Impairments                   26,063 [1] 867,814 [2] 625,716 [3]
Loss on abandonment of assets                   0 18,733 0
General and administrative                   6,702 42,766 38,246
(Gain) loss on disposition of assets                   (619) (89) 3,502
Total operating expenses                   141,385 1,282,266 1,327,765
Income (loss) from operations                   (7,857) (1,005,309) (653,131)
Interest, net                   (3,275) (22,824) (37,012)
Write off of Deferred Debt Issuance Cost                   0 (2,426) 0
Gain (loss) on derivatives                   (985) (10,704) 4,225
Reorganization Items                   (2,273) 133,975 0
Other                   100 2,034 (236)
Income (loss) before income taxes                   (14,290) (905,254) (686,154)
Income tax benefit                   (302) (14,630) (132,326)
Equity in net earnings from investment in subsidiaries, net of taxes                     0 0
Net loss                   (13,988) (890,624) (553,828)
Less: net income attributable to non-controlling interest                   4,152 40,388 51
Net income (loss) attributable to Unit Corporation $ (8,968) $ 55,131 $ (9,172) $ (215,649) $ (770,494) $ (334,980) [4] $ (206,886) $ (8,509) $ (3,504) $ (18,140) (931,012) (553,879)
Consolidating Adjustments                        
Condensed Financial Statements, Captions [Line Items]                        
Revenues                     (14,536) (47,485)
Expenses                        
Operating costs                     (14,537) (47,485)
Depreciation, depletion, and amortization                     0 0
Impairments                     0 0
Loss on abandonment of assets                     0  
General and administrative                     0 0
(Gain) loss on disposition of assets                     0 0
Total operating expenses                     (14,537) (47,485)
Income (loss) from operations                     1 0
Interest, net                     0 0
Write off of Deferred Debt Issuance Cost                     0  
Gain (loss) on derivatives                     0 0
Reorganization Items                     0  
Other                     0 0
Income (loss) before income taxes                     1 0
Income tax benefit                     0 0
Equity in net earnings from investment in subsidiaries, net of taxes                     1,241,120 508,439
Net loss                     1,241,121 508,439
Less: net income attributable to non-controlling interest                     (40,388) (51)
Net income (loss) attributable to Unit Corporation                     1,281,509 508,490
Parent                        
Condensed Financial Statements, Captions [Line Items]                        
Revenues                     0 0
Expenses                        
Operating costs                     0 0
Depreciation, depletion, and amortization                     1,819 7,707
Impairments                     0 0
Loss on abandonment of assets                     0  
General and administrative                     0 0
(Gain) loss on disposition of assets                     1,479 (11)
Total operating expenses                     3,298 7,696
Income (loss) from operations                     (3,298) (7,696)
Interest, net                     (20,936) (35,466)
Write off of Deferred Debt Issuance Cost                     (2,426)  
Gain (loss) on derivatives                     (10,704) 4,225
Reorganization Items                     373,151  
Other                     79 786
Income (loss) before income taxes                     335,866 (38,151)
Income tax benefit                     (14,630) 7,238
Equity in net earnings from investment in subsidiaries, net of taxes                     (1,241,120) (508,439)
Net loss                     (890,624) (553,828)
Less: net income attributable to non-controlling interest                     40,388 51
Net income (loss) attributable to Unit Corporation                     (931,012) (553,879)
Combined Guarantor Subsidiaries                        
Condensed Financial Statements, Captions [Line Items]                        
Revenues                     176,962 494,180
Expenses                        
Operating costs                     171,476 256,024
Depreciation, depletion, and amortization                     84,306 220,203
Impairments                     803,852 622,676
Loss on abandonment of assets                     18,733  
General and administrative                     42,766 38,246
(Gain) loss on disposition of assets                     (1,550) 3,673
Total operating expenses                     1,119,583 1,140,822
Income (loss) from operations                     (942,621) (646,642)
Interest, net                     0 0
Write off of Deferred Debt Issuance Cost                     0  
Gain (loss) on derivatives                     0 0
Reorganization Items                     (168,160)  
Other                     1,906 (1,086)
Income (loss) before income taxes                     (1,108,875) (647,728)
Income tax benefit                     0 (139,564)
Equity in net earnings from investment in subsidiaries, net of taxes                     0 0
Net loss                     (1,108,875) (508,164)
Less: net income attributable to non-controlling interest                     0 0
Net income (loss) attributable to Unit Corporation                     (1,108,875) (508,164)
Combined Non-Guarantor Subsidiaries                        
Condensed Financial Statements, Captions [Line Items]                        
Revenues                     114,531 227,939
Expenses                        
Operating costs                     80,607 176,189
Depreciation, depletion, and amortization                     29,371 47,663
Impairments                     63,962 3,040
Loss on abandonment of assets                     0  
General and administrative                     0 0
(Gain) loss on disposition of assets                     (18) (160)
Total operating expenses                     173,922 226,732
Income (loss) from operations                     (59,391) 1,207
Interest, net                     (1,888) (1,546)
Write off of Deferred Debt Issuance Cost                     0  
Gain (loss) on derivatives                     0 0
Reorganization Items                     (71,016)  
Other                     49 64
Income (loss) before income taxes                     (132,246) (275)
Income tax benefit                     0 0
Equity in net earnings from investment in subsidiaries, net of taxes                     0 0
Net loss                     (132,246) (275)
Less: net income attributable to non-controlling interest                     40,388 51
Net income (loss) attributable to Unit Corporation                     $ (172,634) $ (326)
[1] During the Successor Period of 2020, we recorded non-cash ceiling test write-downs on our oil and natural gas properties of $26.1 million pre-tax
[2] During the Predecessor Period of 2020, we recorded non-cash ceiling test write-downs on our oil and natural gas properties of $393.7 million, pre-tax ($346.6 million, net of tax). Impairment for contract drilling equipment includes a $410.1 million pre-tax write-down for SCR drilling rigs and other drilling equipment. Impairment for mid-stream assets includes a $64.0 million pre-tax write-down for certain long-lived asset groups.
[3] We incurred non-cash ceiling test write-downs 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).
[4] During the one-month Successor Period for the third quarter of 2020, we recorded a non-cash ceiling test write-down of $13.2 million pre-tax.
4.During the fourth quarter of 2020, we recorded a non-cash ceiling test write-down of $12.9 million pre-tax.
5.During the first quarter of 2020, we recorded a non-cash ceiling test write-down of $267.8 million pre-tax ($220.8 million, net of tax). We also recorded total expense of $17.6 million related to the abandonment of salt water disposal assets, $407.1 million related to the write-down of the SCR drilling rigs, $3.0 million related to the write-down of other miscellaneous drilling equipment, and $64.0 million related to the write-down of mid-stream assets.
6.During the second quarter of 2020, we recorded a non-cash ceiling test write-down of $109.3 million pre-tax.
7.During the two months ended August 31, 2020, we recorded a non-cash test write-down of $16.6 million pre-tax and $1.2 million related to the abandonment of other miscellaneous drilling equipment. We also recorded $141.0 million gain in reorganization items, net.