Unit Petroleum Co.
About
Unit Petroleum Co. is a wholly owned subsidiary of Unit Corp. Unit Petroleum was created in 1979 with an initial reserve base of 2 Bcfe.
At Dec. 31, 2018, Unit owned 160 MMBoe of reserves, primarily in the Anadarko and Arkoma basins, and operated or owned an interest in more than 6,300 wells. Unit's reserves are 70% proved developed.
The company's strategy is to drill low-risk field extension or development wells on internally generated prospects. By focusing on oil and rich natural gas, this allows us to take advantage of the strengths of our existing assets. Our ability to develop prospects in our own backyard creates a promising investment opportunity.
Editor's note: Updated Oct. 11, 2019.
Headquarters Address
8200 South Unit Drive
Tulsa, OK 74132
United States
Website
www.unitpetroleum.comMain Phone Number
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: Unit Petroleum Oklahoma Panhandle Acquisition Opportunity
Marketed: Unit Petroleum Oklahoma Panhandle Acquisition Opportunity
Marketed: Unit Petroleum Permian Basin, Eagle Ford Shale, Woodbine
Marketed: Unit Petroleum Permian Basin, Eagle Ford Shale, Woodbine
Marketed: Unit Petroleum Oklahoma Waterflood Properties
Marketed: Unit Petroleum Oklahoma Waterflood Properties
Marketed: Unit Petroleum Operated Kansas Properties
Marketed: Unit Petroleum Operated Kansas Properties
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News
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.
Marketed: Unit Petroleum Oklahoma Panhandle Acquisition Opportunity
Unit Petroleum Co. retained BOK Financial Securities for the sale of producing properties and an operated saltwater gathering and disposal system in the Oklahoma Panhandle area.
Marketed: Unit Petroleum Permian Basin, Eagle Ford Shale, Woodbine
Unit Petroleum Co. retained EnergyNet for the sale of Permian Basin and Eagle Ford Shale / Woodbine assets in various parishes and counties across Louisiana and Texas.
Marketed: Unit Petroleum Oklahoma Waterflood Properties
Unit Petroleum Co. retained BOK Financial Securities for the sale of producing operated waterflood and related properties in southwest Oklahoma County, Oklahoma.
Marketed: Unit Petroleum Operated Kansas Properties
Unit Petroleum retained BOK Financial Securities for the sale of producing operated properties and associated water and gathering lines in central Kansas.
Best of This Week’s Drilling Activity Highlights (April 9, 2020)
Southwestern Energy Marcellus Shale completions plus a Wolfcamp producer completed by Occidental Petroleum in New Mexico’s Eddy County top this week’s drilling activity highlights from around the world.
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.
Best Of This Week’s Drilling Activity Highlights (Oct. 11, 2019)
High-volume Wolfcamp and Bone Spring completions by Occidental in the Permian plus exploration permits offshore Newfoundland top this week’s drilling activity highlights from around the world.