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

Main Phone Number
Main Fax Number

Activity Highlights

A Red Fork completion was reported by Unit Petroleum Co. in Custer County, Okla. The #1HX Saratoga 1720 was drilled to 20,751 ft, 11,034 ft true vertical, in Section 8-14n-14w. Located in Thomas Field, it produced 1.566 Mbbl of oil, with 2.68…

A Red Fork Sand discovery by Unit Petroleum Corp. was reported in Custer County, Okla. The #1HX Saratoga 1720 is in Section 8-14n-14w and initially flowed 1.556 Mbbl of oil, 2.68 MMcf of gas and 1.769 Mbbl of water per day. The venture was…

A Red Fork discovery in Dewey County, Okla., was announced by Tulsa, Okla.-based Unit Petroleum Co. Located in Section 12-18n-16w, #1H-12 Hayes Trust flowed 1.27 Mbbl of oil, with 1.29 MMcf of gas and 1.246 Mbbl of water daily. Gauged on a 42/64-…

According to IHS Markit, Unit Petroleum Co. reported preliminary test results on a horizontal Red Fork (Cherokee) producer in Custer County, Okla. The #1HX Wingard Farms 2128 was drilled in Section 21-14n-14w and had a peak 24-hour production…

An Anadarko Basin horizontal well by Unit Petroleum Co. was tested flowing 298 bbl of 41-degree-gravity oil, 545 Mcf of gas and 1.624 Mbbl of water per day from Cherokee. The Thomas South Field completion, #1H-19 Schrock, is in Section 20-14n-14w…

News

Southwestern Energy Marcellus Shale completions plus a Wolfcamp producer completed by Occidental Petroleum in New Mexico’s Eddy County…

David T. Merrill has been elected to serve as CEO and president of Unit Corp., which is engaged through its subsidiaries in E&P,…

High-volume Wolfcamp and Bone Spring completions by Occidental in the Permian plus exploration permits offshore Newfoundland top this…

Transactions

Report Date Amount (MM) Description
2018-03-28

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2017-08-23

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2016-05-13

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2014-08-21

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2012-07-11 $617.00

Unit Buys Assets From Noble

Unit Buys Assets From Noble