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INDUSTRY SEGMENT INFORMATION (Revenue From Different Segments) (Details) - USD ($)
$ in Thousands
3 Months Ended 4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2020
Aug. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Sep. 01, 2020
Revenues:            
Revenues   $ 133,528 [1] $ 276,957 [2] $ 638,716    
Operating costs:            
Operating costs   81,277 237,546 375,581    
Depreciation, depletion, and amortization   27,962 115,496 64,326    
Impairments (Note 4)   26,063 [3] 867,814 [4] 10,673    
Total expenses   135,302 1,220,856 450,580    
Loss on abandonment of assets (Note 4)   0 (18,733) 0    
General and administrative   6,702 42,766 24,915    
Gain (Loss) on Disposition of Assets   (619) (89) (10,877)    
Income (loss) from operations   (7,857) (1,005,309) 174,098    
Gain (loss) on derivatives (Note 17)   (985) (10,704) (97,615)    
Loss on change in fair value of warrants (Note 17)   0 0 (18,937)    
Write-off of debt issuance costs   0 2,426 0    
Total reorganization items, net   2,273 (133,975) 4,294    
Interest expense, net   (3,275) (22,824) (4,266)    
Other   100 2,034 (597)    
Income (loss) before income taxes   (14,290) (905,254) 48,389    
Identifiable assets:            
Oil and natural gas $ 232,747 [5] 232,747 [5]   198,879 $ 232,747 [5]  
Contract drilling 81,608 81,608   78,476 81,608  
Gas gathering and processing 293,297 293,297   290,336 293,297  
Total identifiable assets 607,652 [6] 607,652 [6]   567,691 607,652 [6]  
Corporate land and building 32,382 32,382   0 32,382  
Other corporate assets 9,669 [7] 9,669 [7]   61,786 9,669 [7]  
Total assets 649,703 [8] 649,703 [8]   629,477 [8] 649,703 [8] $ 726,343
Capital expenditures:            
Total capital expenditures   5,960 17,213 45,285    
Ceiling test write-down         393,700  
Non-cash ceiling test write-down net of tax     346,600   346,600  
Oil and Natural Gas            
Capital expenditures:            
Ceiling test write-down   26,100 393,700      
Mid-Stream            
Capital expenditures:            
Impairment of Long-Lived Assets Held-for-use 10,700       64,000  
Oil and Natural Gas            
Revenues:            
Revenues   57,578 [1] 103,439 [2] 224,232    
Operating costs:            
Operating costs   25,256 117,691 79,924    
Contract drilling            
Revenues:            
Revenues   19,413 [1] 73,519 [2] 76,107    
Operating costs:            
Operating costs   13,852 51,810 60,973    
Gas gathering and processing            
Revenues:            
Revenues   56,537 [1] 99,999 [2] 338,377    
Operating costs:            
Operating costs   42,169 68,045 234,684    
Intersubsegment Eliminations            
Revenues:            
Revenues   (11,834) [1] (14,536) [2] (51,296)    
Operating costs:            
Operating costs   (11,833) (14,536) (54,812)    
Depreciation, depletion, and amortization   0 0 0    
Impairments (Note 4)   0 [3] 0 [4] 0    
Total expenses   (11,833) (14,536) (54,812)    
Loss on abandonment of assets (Note 4)     0      
General and administrative   0 0 3,516    
Gain (Loss) on Disposition of Assets   0 0 0    
Income (loss) from operations   (1) 0 0    
Gain (loss) on derivatives (Note 17)   0 0 0    
Loss on change in fair value of warrants (Note 17)       0    
Write-off of debt issuance costs     0      
Total reorganization items, net   0 0 0    
Interest expense, net   0 0 0    
Other   0 0 0    
Income (loss) before income taxes   (1) 0 0    
Identifiable assets:            
Oil and natural gas (3,326) [5] (3,326) [5]   (4,917) (3,326) [5]  
Contract drilling (4) (4)   (78) (4)  
Gas gathering and processing (335) (335)   (269) (335)  
Total identifiable assets (3,665) [6] (3,665) [6]   (5,264) (3,665) [6]  
Corporate land and building 0 0   0 0  
Other corporate assets (4,002) [7] (4,002) [7]   (4,441) (4,002) [7]  
Total assets (7,667) (7,667)   (9,705) (7,667)  
Capital expenditures:            
Total capital expenditures   0 0 0    
Intersubsegment Eliminations | Oil and Natural Gas            
Revenues:            
Revenues   (2) [1] (4) [2] (47,999)    
Operating costs:            
Operating costs   (855) (1,973) (3,297)    
Intersubsegment Eliminations | Contract drilling            
Revenues:            
Revenues   0 [1] 0 [2]    
Operating costs:            
Operating costs   0 (1) 0    
Intersubsegment Eliminations | Gas gathering and processing            
Revenues:            
Revenues   (11,832) [1] (14,532) [2] (3,297)    
Operating costs:            
Operating costs   (10,978) (12,562) (51,515)    
Oil and Natural Gas            
Revenues:            
Revenues   57,580 [1] 103,443 [2] 272,231    
Operating costs:            
Operating costs   26,111 119,664 83,221    
Depreciation, depletion, and amortization   14,869 68,762 24,612    
Impairments (Note 4)   26,063 [3] 393,726 [4] 0    
Total expenses   67,043 582,152 107,833    
Loss on abandonment of assets (Note 4)     (17,641)      
General and administrative   0 0 0    
Gain (Loss) on Disposition of Assets   (24) (160) 171    
Income (loss) from operations   (9,439) (496,190) 164,227    
Gain (loss) on derivatives (Note 17)   0 0 0    
Loss on change in fair value of warrants (Note 17)       0    
Write-off of debt issuance costs     0      
Total reorganization items, net   0 (15,504) 0    
Interest expense, net   0 0 0    
Other   56 458 187    
Income (loss) before income taxes   (9,383) (480,228) 164,414    
Identifiable assets:            
Oil and natural gas 236,073 [5] 236,073 [5]   203,796 236,073 [5]  
Contract drilling 0 0   0 0  
Gas gathering and processing 0 0   0 0  
Total identifiable assets 236,073 [6] 236,073 [6]   203,796 236,073 [6]  
Corporate land and building 0 0   0 0  
Other corporate assets 0 [7] 0 [7]   0 0 [7]  
Total assets 236,073 236,073   203,796 236,073  
Capital expenditures:            
Total capital expenditures   4,018 5,350 17,752    
Oil and Natural Gas | Oil and Natural Gas            
Revenues:            
Revenues   57,580 [1] 103,443 [2] 272,231    
Operating costs:            
Operating costs   26,111 119,664 83,221    
Oil and Natural Gas | Contract drilling            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Oil and Natural Gas | Gas gathering and processing            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Drilling            
Revenues:            
Revenues   19,413 [1] 73,519 [2] 76,107    
Operating costs:            
Operating costs   13,852 51,811 60,973    
Depreciation, depletion, and amortization   2,102 15,544 6,308    
Impairments (Note 4)   0 [3] 410,126 [4] 0    
Total expenses   15,954 477,481 67,281    
Loss on abandonment of assets (Note 4)     (1,092)      
General and administrative   0 0 0    
Gain (Loss) on Disposition of Assets   (521) (1,390) (10,143)    
Income (loss) from operations   3,980 (403,664) 18,969    
Gain (loss) on derivatives (Note 17)   0 0 0    
Loss on change in fair value of warrants (Note 17)       0    
Write-off of debt issuance costs     0      
Total reorganization items, net   0 183,664 0    
Interest expense, net   0 0 0    
Other   4 1,449 57    
Income (loss) before income taxes   3,984 (585,879) 19,026    
Identifiable assets:            
Oil and natural gas 0 [5] 0 [5]   0 0 [5]  
Contract drilling 81,612 81,612   78,554 81,612  
Gas gathering and processing 0 0   0 0  
Total identifiable assets 81,612 [6] 81,612 [6]   78,554 81,612 [6]  
Corporate land and building 0 0   0 0  
Other corporate assets 0 [7] 0 [7]   0 0 [7]  
Total assets 81,612 81,612   78,554 81,612  
Capital expenditures:            
Total capital expenditures   616 2,438 2,877    
Drilling | Oil and Natural Gas            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Drilling | Contract drilling            
Revenues:            
Revenues   19,413 [1] 73,519 [2] 76,107    
Operating costs:            
Operating costs   13,852 51,811 60,973    
Drilling | Gas gathering and processing            
Revenues:            
Revenues   0 [1] 0 [2]    
Operating costs:            
Operating costs   0 0 0    
Mid-Stream            
Revenues:            
Revenues   68,369 [1] 114,531 [2] 341,674    
Operating costs:            
Operating costs   53,147 80,607 286,199    
Depreciation, depletion, and amortization   10,659 29,371 32,566    
Impairments (Note 4)   0 [3] 63,962 [4] 10,673    
Total expenses   63,806 173,940 329,438    
Loss on abandonment of assets (Note 4)     0      
General and administrative   0 0 0    
Gain (Loss) on Disposition of Assets   (55) (18) 49    
Income (loss) from operations   4,618 (59,391) 12,187    
Gain (loss) on derivatives (Note 17)   0 0 0    
Loss on change in fair value of warrants (Note 17)       0    
Write-off of debt issuance costs     0      
Total reorganization items, net   0 71,016 0    
Interest expense, net   (501) (1,888) (924)    
Other   34 50 (844)    
Income (loss) before income taxes   4,151 (132,245) 10,419    
Identifiable assets:            
Oil and natural gas 0 [5] 0 [5]   0 0 [5]  
Contract drilling 0 0   0 0  
Gas gathering and processing 293,632 293,632   290,605 293,632  
Total identifiable assets 293,632 [6] 293,632 [6]   290,605 293,632 [6]  
Corporate land and building 0 0   0 0  
Other corporate assets 0 [7] 0 [7]   0 0 [7]  
Total assets 293,632 293,632   290,605 293,632  
Capital expenditures:            
Total capital expenditures   1,323 9,342 24,316    
Mid-Stream | Oil and Natural Gas            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Mid-Stream | Contract drilling            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Mid-Stream | Gas gathering and processing            
Revenues:            
Revenues   68,369 [1] 114,531 [2] 341,674    
Operating costs:            
Operating costs   53,147 80,607 286,199    
Corporate and Other            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Depreciation, depletion, and amortization   332 1,819 840    
Impairments (Note 4)   0 [3] 0 [4] 0    
Total expenses   332 1,819 840    
Loss on abandonment of assets (Note 4)     0      
General and administrative   6,702 42,766 21,399    
Gain (Loss) on Disposition of Assets   (19) 1,479 (954)    
Income (loss) from operations   (7,015) (46,064) (21,285)    
Gain (loss) on derivatives (Note 17)   (985) (10,704) (97,615)    
Loss on change in fair value of warrants (Note 17)       (18,937)    
Write-off of debt issuance costs     2,426      
Total reorganization items, net   2,273 (373,151) 4,294    
Interest expense, net   (2,774) (20,936) (3,342)    
Other   6 77 3    
Income (loss) before income taxes   (13,041) 293,098 (145,470)    
Identifiable assets:            
Oil and natural gas 0 [5] 0 [5]   0 0 [5]  
Contract drilling 0 0   0 0  
Gas gathering and processing 0 0   0 0  
Total identifiable assets 0 [6] 0 [6]   0 0 [6]  
Corporate land and building 32,382 32,382   0 32,382  
Other corporate assets 13,671 [7] 13,671 [7]   66,227 13,671 [7]  
Total assets $ 46,053 46,053   66,227 $ 46,053  
Capital expenditures:            
Total capital expenditures   3 83 340    
Corporate and Other | Oil and Natural Gas            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Corporate and Other | Contract drilling            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   0 0 0    
Corporate and Other | Gas gathering and processing            
Revenues:            
Revenues   0 [1] 0 [2] 0    
Operating costs:            
Operating costs   $ 0 $ 0 $ 0    
[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.
[2] 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.
[3] 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
[4] 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 $10.7 million pre-tax write-down for certain long-lived asset groups.
3.Oil and natural gas assets include oil and natural gas properties, saltwater disposal systems, and other non-full cost pool assets.
4.Identifiable assets are those used in Unit’s operations in each industry segment.
5.Other corporate assets are principally cash and cash equivalents, short-term investments, transportation equipment, furniture, and equipment.
[5] Oil and natural gas assets include oil and natural gas properties, saltwater disposal systems, and other non-full cost pool assets.
[6] Identifiable assets are those used in Unit’s operations in each industry segment.
[7] Other corporate assets are principally cash and cash equivalents, short-term investments, transportation equipment, furniture, and equipment.
[8] Unit Corporation's consolidated total assets as of December 31, 2021 include current and long-term assets of its variable interest entity (VIE) (Superior) of $61.1 million and $229.5 million, respectively, which can only be used to settle obligations of the VIE. Unit Corporation's consolidated cash and cash equivalents of $64.1 million as of December 31, 2021 includes $17.2 million held by Superior. 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 cash and cash equivalents of $12.1 million as of December 31, 2020 includes $11.6 million held by Superior.