Exploration & Production | Quarterly / Earnings Reports
Unit Grows Rig Count Across the Board; Hones in On NGLs, Oil
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Unit Corporation reported its financial and operational results for the third quarter of 2013.
Larry Pinkston, Unit's Chief Executive Officer and President, stated, "Unit Corporation is continuing to progress on several strategic initiatives. We have increased the number of operated drilling rigs drilling for our oil and natural gas segment in accordance with our previously stated plans, and we started our pad drilling program in the Granite Wash. In our contact drilling segment, we are nearing the completion of the first BOSS rig which will be placed into service during the fourth quarter, and we have completed the sale of four idle drilling rigs during the year. Our midstream segment continues to see the benefit of its previous capital investments with rising volumes and cash flow…
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