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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 134,057 $ 89,007 $ 254,954 $ 211,383
Operating costs:        
Operating costs 74,623 115,103 145,306 198,826
Depreciation, depletion, and amortization 16,364 35,960 33,875 97,577
Impairments (Note 3) 0 109,318 0 851,242
Loss on abandonment of assets (Note 3) 0 0 0 17,554
General and administrative 5,751 25,814 12,920 37,367
(Gain) loss on disposition of assets (1,710) 877 (2,182) 1,267
Total operating expenses 95,028 287,072 189,919 1,203,833
Income (loss) from operations 39,029 (198,065) 65,035 (992,450)
Other income (expense):        
Interest, net (487) (7,608) (3,193) (20,865)
Write-off of debt issuance costs 0 (2,426) 0 (2,426)
Loss on derivatives (42,400) (6,937) (65,231) (6,454)
Loss on change in fair value of warrants (3,574) 0 (3,574) 0
Reorganization Items (1,852) (7,027) (2,988) (7,027)
Other, net (831) 43 (755) 103
Total other income (expense) (49,144) (23,955) (75,741) (36,669)
Loss before income taxes (10,115) (222,020) (10,706) (1,029,119)
Income tax benefit:        
Current 0 0 0 (917)
Deferred 0 (6,455) 0 (8,963)
Total income taxes 0 (6,455) 0 (9,880)
Net loss (10,115) (215,565) (10,706) (1,019,239)
Net income (loss) attributable to non-controlling interest 2,879 84 4,225 (33,096)
Net loss attributable to Unit Corporation $ (12,994) $ (215,649) $ (14,931) $ (986,143)
Net loss attributable to Unit Corporation per common share (Note 6):        
Basic $ (1.09) $ (4.03) $ (1.25) $ (18.50)
Diluted $ (1.09) $ (4.03) $ (1.25) $ (18.50)
Oil and natural gas        
Revenues:        
Revenues $ 41,970 $ 26,956 $ 96,994 $ 75,478
Operating costs:        
Operating costs 15,487 71,540 34,636 102,203
Contract drilling        
Revenues:        
Revenues 18,061 29,202 33,735 65,834
Operating costs:        
Operating costs 14,080 20,951 25,951 46,400
Gas gathering and processing        
Revenues:        
Revenues 74,026 32,849 124,225 70,071
Operating costs:        
Operating costs $ 45,056 $ 22,612 $ 84,719 $ 50,223