Unit Corp.


Announced authorization by its board to increase from $50 million to $100 million the aggregate value of shares of common stock that the company may repurchase under its stock repurchase program initially announced on July 13, 2021 and increased on Oct. 8, 2021. Repurchases will continue to be made from time to time at the company’s discretion through open market purchases, privately negotiated transactions, or other available means. Repurchases will be funded from available liquidity. As of June 10, the company repurchased about 1.3 million shares for approximately $41 million under the repurchase program.

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