Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms
Oil and Gas 360 TULSA, Okla.–(BUSINESS WIRE)–Unit Corporation (Company) announced today the following changes to its senior management team: David Merrill has stepped down from his position as President and Chief Executive Officer and has also resigned from the Board of Directors; Les Austin, the Company’s Chief Financial Officer, has retired; and Frank Young has stepped down from his position
Oil and Gas 360 Unit Corporation- Tulsa, Okla- (NYSE – UNT) (the “Company” or “Unit”) announced that it has extended the Early Tender Date for its previously announced offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) (the “Old Notes”) for newly issued 10.000% Senior
oilandgas360 Tulsa, Okla.- Unit Corporation (NYSE: UNT) (the “Company” or “Unit”) announced that it has extended the Early Tender Date for its previously announced offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) (the “Old Notes”) for newly issued 10.000% Senior Secured Notes due 2024
By Tyler Losier, Energy Reporter, Oil & Gas 360 The Oil and Gas Conference’s Williston Basin presenters cumulatively produce 633,800 BOEPD From August 11-14, Oil & Gas 360’s parent company – EnerCom – will host its 24th annual The Oil and Gas Conference® at the Westin Downtown Hotel in Denver, Colorado. This event offers investment professionals the opportunity to hear
Unit Corporation (NYSE: UNT) Company Overview Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. Units key focus areas include: Gulf Coast: Wilcox (Southeast Texas) Mid-Continent: Granite Wash (Texas Panhandle) Hoxbar (Western Oklahoma) STACK (Western Oklahoma Summary Q1-2018 Revenue: $205 million Q1-2018
Divesting 50% Interest in Superior Pipeline Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, is jointly owned by OPTrust and funds managed by Partners Group, a global private markets investment manager. The sale is
In the fourth quarter of 2017, Unit Corporation (ticker: UNT) recorded a net income of $89.2 million, this compares to a net income of $1.7 million for Q4 2016. $81.3 million of the net income was accounted for as a tax benefit associated with the Tax Cuts and Jobs Act enacted during the quarter. Total revenues for the quarter were
Unit Corporation Breakout Notes Larry D. Pinkston, president and CEO of Unit Corporation, (ticker: UNT) presented today at EnerCom’s The Oil & Gas Conference® 22. Unit Corporation is a Tulsa, OK based oil and gas company with three primary subsidiaries, Unit Drilling Company, Unit Petroleum Company, and Superior Pipeline Company. During the company’s breakout session, management was asked the following
Approach Resources Approach Resources (ticker: AREX) exceeded its production guidance for Q2, with production at 11.9 MBOEPD, and dropped its lease operating cost below guidance as well, at $3.92 per BOE. Approach drilled a total of eight wells and completed another five. One of the completed wells was in the Wolfcamp A bench, two more in the Wolfcamp B bench,
Unit Corporation (ticker: UNT) attacks its oil and gas business via three distinct subsidiaries: Unit Drilling Company, Unit Petroleum Company, and Superior Pipeline Company. Unit Petroleum Company Unit Petroleum Company is active in four basins, the Mississippian, the Hoxbar, the Granite Wash, and the Wilcox. In Q1, 2017, the company averaged 42,000 BOEPD and expects that average production will grow
Unit Corporation (NYSE: UNT) today reported its financial and operational results for the fourth quarter and year end 2015. Operational highlights for the year include: Achieved year over year production growth of 9% Successful development of the company’s horizontal well program in its Wilcox play Placed into service five new BOSS drilling rigs Achieved the best safety performance in the
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