Unit Corporation
Other OTCCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Philip Frohlich
- Full Time Employees
- 516
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 8200 South Unit Drive Tulsa OK United States of America 74132
- IPO Date
- Jan 8, 2021
- CIK
- 0000798949
- Website
- unitcorp.com
- Similar Companies
- Business
- Unit Corporation (NYSE: UNTC) operates as an oil and natural gas company engaged in the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids primarily in the United States. The company provides contract drilling services through its Unit Drilling Company segment, utilizing a fleet of land drilling rigs for onshore operations; midstream services via its Superior Pipeline Company segment, encompassing natural gas gathering, processing, compression, treating, and transportation; and upstream production activities focused on key plays such as the Anadarko Basin, Marcellus Shale, and other onshore basins. Unit Corporation serves exploration and production companies, independent operators, and other energy firms as primary customers, with operations concentrated in Oklahoma, Texas, Wyoming, North Dakota, and Louisiana. Founded in 1963 and headquartered in Tulsa, Oklahoma, the company maintains a diversified structure across its drilling, midstream, and production segments, supported by subsidiaries including Superior Pipeline Company, L.L.C. and Unit Drilling Company, L.L.C. Geographically, Unit Corporation conducts substantially all its activities within the onshore United States, targeting major hydrocarbon-rich regions to optimize resource extraction and infrastructure services. No parent company relationships are reported, positioning Unit as an independent operator in the energy sector. In recent developments, Unit Corporation has focused on operational enhancements amid market volatility, including rig fleet modernizations and midstream capacity expansions in the Anadarko Basin to support increased natural gas processing volumes over the past two years. The company completed strategic asset acquisitions in the Marcellus Shale during 2024, bolstering its production portfolio, while announcing a debt refinancing initiative in late 2025 to strengthen its balance sheet for future drilling campaigns. These moves reflect Unit Corporation's emphasis on cost discipline, technological upgrades in drilling efficiency, and geographic consolidation without reported name changes, major partnerships, or new product launches in the last 1-2 years.
Battery X Metals Announces Closing of First Tranche of Private Placement to Advance Corporate Growth
Voyageur Announces Closing Of Non-Brokered Private Placement Pursuant To Listed Issuer Financing Exemption
Unit Corporation Announces Payment and Record Dates for Second Quarter Cash Dividend
ENvue Medical Expands into Burn Intensive Care Unit at Major Academic Health Network
Strength in Commercial Engines Unit Drives GE Aerospace: A Sign for More Upside?
Zonte Metals Completes First Tranche of Non-Brokered Private Placement and Increases Size of Offering
Vision Marine Technologies Advances E-Motion™ Power Distribution Unit Manufacturability and Engages Contract Manufacturer to Support Production Planning
Voya's Unit Expands Alternative Investment Offerings With New CITs
Greystone Arranges $141 Million Construction Loan for 245-Unit Luxury Rental Tower in Scottsdale, AZ
Benton Closes $2 Million Non-Brokered Unit Financing
Microchip Provides Data Center Solutions Business Unit Revenue Information
Encompass Health to Expand WV Footprint With 36-Bed Bridgeport Unit
Unit of China's Haisco, Eli Lilly sign collaboration, licensing deals
Nokia Corporation - Managers' transactions (Hanrahan)
Vanta Announces Strategic Private Placement Financing to Advance U.S. Peptide Market Entry and Integrated Longevity and Consumer Health Sciences Platform
New Earth Resources Announces Private Placement
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting, Annual Share Unit and Stock Option Grant, and Declares Monthly Dividend for June 30, 2026
Generation Uranium increases and Closes First Trance of Non-Brokered Private Placement
LaFleur Announces Filing of Prospectus Supplement
Harvest Gold Announces Non-Brokered Private Placement To Fund 2026 Drill Program On Its Flagship Mosseau Property