Operator · Cleveland, Granite Wash & Mississippi Lime
Unit Corp.
45 articles mentioning Unit Corp. · Page 1 of 3
Unit Corp Files Chapter 11 Bankruptcy
Unit Corporation today announced that it has filed voluntary petitions under Chapter 11. The company expects to reduce its $650 million debt load. Earlier today, the company said it was opting not to pay its $21.5...
Unit Corp. to Miss $21 Million Interest Payment; Financial Trouble
Unit Corp is electing to not make its $21.5 million interest payment. See below. This is the first sign that the company will likely file chapter 11 bankruptcy. Unit Corp controls, the E&P arm, Unit Petroleum...
Oklahoma E&P Edges Closer to Bankruptcy; Issues Warning
According to its latest SEC filing, Unit Corp. is edging closer to filing for bankruptcy. This comes after the company failed to raise capital to refinance its senior note debt. The amounts outstanding as of December...
Unit Corp. CEO Pinkston Set to Retire; COO Merrill to Take Helm
Unit Corp. announced that as part of the company's succession planning process initiated in 2017, David T. Merrill was elected to succeed Larry D. Pinkston as the company's Chief Executive Officer and President, effective April 1,...
Unit Corp. Out of NYSE Compliance Due to Low Stock Price
Unit Corp. has been notified by the NYSE that the average closing price of the Company's shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is...
Unit Corp. Reports Q2 2019 Results
Unit Corp. reported its financial and operational results for the second quarter of 2019. Operational highlights include: Oil and natural gas segment: Exploration efforts continue to focus on increasing oil production with second quarter 2019 oil...
Unit Talks Latest STACK, Granite Wash IPs; Rig Count Up +12% YOY
Unit Corp. reported its Q2 2018 results. STACK Well Results The company is averaging 10,000' laterals in the STACK core and a well cost of $10.8 million. IP30 averages are as follows: 1,693 BOEPD (Oil window)...
Unit Reports 20% Increase in Rig Activity in Q3; Tags 4.1 MMBOE in Production
Unit reported its Q3 2017 results. Highlights include: Q3 Production: 4.1 MMBOE (up +5% from Q2 2017) The average number of Unit's drilling rigs working during the quarter was 34.6, an increase of 20% over the...
Unit Reports Q2 Production of 3.9 MMBOE; Expects to Start STACK Drilling by End of 2017
Unit Corp released its Q2 results and highlights include:Unit Corp. reported total Q2 production of 3.9 mmboe (48% liquids), an increase of 2% from Q1. Oil production for the quarter was 7,851 bbls/d, an increase of...
8,125 MCF/D Vertical Gas Well Drilled in Polk County
Vertical well which IP'd at 8,125 MCF/D in Polk County
Unit Corp.'s Chairman to Retire; Adcock to Succeed
J. Michael Adcock, a current board member, has been elected the new chairman.
Unit Restarts Granite Wash Ops; Adds Rig for Q4, Full Year 2017
Unit Corp. reported its financial and operational results for the third quarter 2016.
2017 by Play: Operators Talking Future Rig, Spending Plans
Here is a quick recap of future plans for a variety of plays including the Permian, Eagle Ford, Montney, Cardium and more.
Unit Extending Granite Wash Laterals; Plans Two-Rig Program for 2017
Unit Corporation reported its financial and operational results for the second quarter 2016.
Unit Corp. Ceases All Drilling for Remainder of 2016; IDs Q1 Well Results
Unit Corporation reported its financial and operational results for the first quarter 2016.
Unit Strengthens Wilcox Production; Adds Four Hoxbar Oil Wells
Currently, two Unit drilling rigs are operating for this segment. One is operating in the Southern Oklahoma Hoxbar Oil Trend (SOHOT) and one is drilling in the Wilcox play.
Unit Corp. Ups Guidance as Wells Outperform; Axes $30MM from Capex
Larry Pinkston, Unit’s Chief Executive Officer and President, said: “Due to strong well results primarily in our SOHOT, Wilcox and our Granite Wash plays, we are increasing our production guidance for 2015."
Unit Corp. Drops From 10 Rigs to 4
By the end of Q1 through Q2 2015, four Unit drilling rigs will be operating for its exploration segment.
Unit Ramps Up MidContinent Production; Talks Well Results
Production increased in all five of Unit's core areas during the quarter as compared to the first quarter.
Unit to Accelerate Granite Wash, Emerging SOHOT Ops
In its 1Q, Unit Corp. has unveiled plans to ramp up activity in the Granite Wash and SOHOT (Southern Oklahoma Hoxbar Oil Trend) plays.