Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 12,145	$ 571
Restricted Cash		569	0
Accounts receivable, net of allowance for doubtful accounts of $3,783 and $2,332 at December 31, 2020 and December 31, 2019, respectively		57,846	82,656
Materials and supplies		0	449
Current derivative asset (Note 15)		0	633
Current income taxes receivable		1,150	1,756
Assets held for sale (Note 4)		0	5,908
Prepaid expenses and other		11,212	13,078
Total current assets		82,922	105,051
Oil and natural gas properties, on the full cost method:
Proved properties		238,581	6,341,582
Unproved properties not being amortized		1,591	252,874
Drilling equipment		63,687	1,295,713
Gas gathering and processing equipment		251,404	824,699
Saltwater disposal systems		0	69,692
Land and building		32,635	59,080
Transportation equipment		3,130	29,723
Other		9,961	57,992
Property, plant and equipment, gross, total		600,989	8,931,355
Less accumulated depreciation, depletion, amortization, and impairment		54,189	6,978,669
Net property and equipment		546,800	1,952,686
Right of use asset (Note 17)		5,592	5,673
Other assets		14,389	26,642
Total assets	[1]	649,703	2,090,052
Current liabilities:
Accounts payable		40,829	84,481
Accrued liabilities (Note 8)		21,743	46,562
Current operating lease liability (Note 17)		4,075	3,430
Current portion of long-term debt (Note 9)		600	108,200
Current derivative liabilities (Note 15)		1,047	0
Warrant liability (Note 2)		885	0
Current portion of other long-term liabilities (Note 9)		11,168	17,376
Total current liabilities		80,347	260,049
Long-term debt less debt issuance costs (Note 9)		98,400	663,216
Non-current derivative liabilities (Note 15)		4,659	27
Operating Lease, Liability, Noncurrent		1,445	2,071
Other long-term liabilities (Note 9)		39,259	95,341
Deferred income taxes (Note 11)		0	13,713
Commitments and contingencies (Note 18)
Shareholders' equity:
Predecessor preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued at December 31, 2019		0	0
Successor preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued at December 31, 2020		0	0
Predecessor common stock, $0.20 par value, 175,000,000 shares authorized, 55,443,393 shares issued as of December 31, 2019		120	10,591
Successor common stock, $0.01 par value, 25,000,000 shares authorized, 12,000,000 shares issued as of December 31, 2020		120	10,591
Capital in excess of par value		197,242	644,152
Retained earnings (deficit)		(18,140)	199,135
Total shareholders' equity attributable to Unit Corporation		179,222	853,878
Non-controlling interests in consolidated subsidiaries		246,371	201,757
Total shareholders' equity		425,593	1,055,635
Total liabilities and shareholders' equity	[1]	$ 649,703	$ 2,090,052

[1] Unit Corporation's consolidated total assets as of December 31, 2020 include current and long-term assets of its variable interest entity (VIE) (Superior) of $45.8 million and $247.8 million, respectively, which can only be used to settle obligations of the VIE. Unit Corporation's consolidated total liabilities as of December 31, 2020 include current and long-term liabilities of the VIE of $28.4 million and $2.6 million, respectively, for which the creditors of the VIE have no recourse to Unit Corporation. Unit Corporation's consolidated total assets as of December 31, 2019 include current and long-term assets of its variable interest entity (VIE) (Superior) of $28.8 million and $434.3 million, respectively, which can only be used to settle obligations of the VIE. Unit Corporation's consolidated total liabilities as of December 31, 2019 include current and long-term liabilities of the VIE of $32.2 million and $26.0 million, respectively, for which the creditors of the VIE have no recourse to Unit Corporation. See Note 19 – Variable Interest Entity Arrangements.