Unit Corp.
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About
Unit Corp. is a Tulsa, Okla.-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. Unit’s common stock is listed on the New York Stock Exchange under the symbol UNT.
Editor's note: Updated Feb. 21, 2020.
Transactions
Unit Corp. Ends Bid to Liquidate Properties Following Gulf Coast Asset Sale
Unit Corp. Ends Bid to Liquidate Properties Following Gulf Coast Asset Sale
Marketed: Royalty Interest In Producing North Texas Wells
Marketed: Royalty Interest In Producing North Texas Wells
Unit Corp. Selling Midstream Stake To Boost Drilling Program
Unit Corp. Selling Midstream Stake To Boost Drilling Program
Unit Corp. Selling Midstream Stake To Boost Drilling Program
Unit Corp. Selling Midstream Stake To Boost Drilling Program
Unit Corp. Selling Midstream Stake To Boost Drilling Program
Unit Corp. Selling Midstream Stake To Boost Drilling Program
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New Financings
Announced authorization by its board to increase from $50 million to $100 million the aggregate value of…
Unit Corp. has extended the early tender date for its previously announced offer to exchange any and all…
Borrowing base under its credit agreement was reduced by $175 million from $725 million following its…
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News
Unit Corp. Divests Texas Panhandle Assets for $50 Million
Oklahoma-based Unit Corp. sold non-core oil and gas assets in the Texas Panhandle for cash proceeds of $50 million.
Unit Declares Quarterly, Special Cash Dividends
Unit Corp.’s conditional dividend will only be payable if the company closes its previously disclosed sale of certain oil and gas properties in the Texas Panhandle by the record date.
Unit Corp. Promotes Dylan Cope to Chief Accounting Officer
Cope was previously Unit Corp.’s business operations controller.
Unit Corp. Sells Ownership Stake in Superior Pipeline to Investment Group
Unit Corp. offloaded its remaining 50% ownership stake in Superior Pipeline Company to a group of private investors.
Unit Board Declares Quarterly Dividend
The $2.50 per share dividend will be payable on June 26.
Unit Corp. Ends Bid to Liquidate Properties Following Gulf Coast Asset Sale
Tulsa, Okla.-based Unit Corp. announced on June 10 that it will double its share buyback program to $100 million.
Unit Corp. Seeking $1 Billion Sale of Anadarko, Gulf Coast Gas Assets
Unit Corp., which filed for bankruptcy in May 2020 at the height of a slump in oil prices, has reached out to interested parties for a divestiture of its upstream subsidiary Unit Petroleum Co., sources say.
2020 Oklahoma Key Players
Production updates confirm motivation in Oklahoma players’ dedication to the region.
A&D Trends: Oil Soaked
First-quarter M&A grinded out a mere $770 million in deals—about one-tenth of typical values—as oil and gas companies drowned in oversupply, according to an April report.
Superior Pipeline Secures Large Stack Play Acreage Dedication
Superior Pipeline Co. LLC has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the Stack play on March 18.
Tulsa, Okla.-based Unit Corp. Taps David Merrill To Succeed CEO Larry Pinkston
David T. Merrill has been elected to serve as CEO and president of Unit Corp., which is engaged through its subsidiaries in E&P, contract drilling and gas gathering and processing.
Marketed: Royalty Interest In Producing North Texas Wells
Unit Petroleum retained EnergyNet for the sale of royalties package in the Barnett Shale in North Texas through an auction closing Dec. 19.