- 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
- Business
- Unit Corporation engages primarily in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. Its main products and services include the production and sale of crude oil, natural gas, and natural gas liquids primarily through its subsidiary Unit Petroleum Company. It operates mainly in onshore oil and gas fields located in Oklahoma and Texas. The company previously operated a Contract Drilling segment involved in drilling onshore oil and natural gas wells, primarily in Oklahoma, Texas, and New Mexico, but in 2025 sold its wholly owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company in an all-cash deal valued at $120 million. This divestiture marks a significant strategic shift, allowing Unit Corporation to focus exclusively on its upstream oil and gas operations. The company was founded in 1963 and is headquartered in Tulsa, Oklahoma. It maintains its commitment to shareholder value through disciplined capital allocation and operational excellence while continuing its dividend program. Unit Corporation operates as a publicly traded company under the ticker UNTCW and targets primarily energy markets within the United States oil and gas industry.