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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 134,554 $ 134,057 $ 322,919 $ 254,954
Operating costs:        
Operating costs 53,382 74,623 165,482 145,306
Depreciation, depletion, and amortization 5,661 16,364 16,931 33,875
General and administrative 7,421 5,751 13,947 12,920
Total operating expenses 64,398 95,028 192,119 189,919
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total 70,156 39,029 130,800 65,035
Other income (expense):        
Interest, net (97) (487) (371) (3,193)
Gain (loss) on derivatives 2,609 (42,400) (61,467) (65,231)
Loss on change in fair value of warrants 7,289 (3,574) (29,323) (3,574)
Gain (loss) on disposition of business 0   (13,141) 0
Reorganization Items (39) (1,852) (42) (2,988)
Other, net 175 (831) 932 (755)
Total other income (expense) 9,937 (49,144) (103,412) (75,741)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 80,093 (10,115) 27,388 (10,706)
Income tax expense (benefit):        
Current 0 0 0 0
Deferred 0 0 0 0
Total income taxes 0 0 0 0
Net loss 80,093 (10,115) 27,388 (10,706)
Net income (loss) attributable to non-controlling interest (Note 15) 0 2,879 (5,828) 4,225
Net income (loss) attributable to Unit Corporation $ 80,093 $ (12,994) $ 33,216 $ (14,931)
Net income (loss) attributable to Unit Corporation per common share (Note 7):        
Basic $ 7.99 $ (1.09) $ 3.31 $ (1.25)
Diluted $ 7.82 $ (1.09) $ 3.25 $ (1.25)
Gain (Loss) on Disposition of Assets $ (2,066) $ (1,710) $ (4,241) $ (2,182)
Oil and natural gas        
Revenues:        
Revenues 100,912 41,970 177,722 96,994
Operating costs:        
Operating costs 27,619 15,487 51,094 34,636
Contract drilling        
Revenues:        
Revenues 33,642 18,061 62,524 33,735
Operating costs:        
Operating costs 25,763 14,080 52,000 25,951
Gas gathering and processing        
Revenues:        
Revenues 0 74,026 82,673 124,225
Operating costs:        
Operating costs $ 0 $ 45,056 $ 62,388 $ 84,719