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News | UNIT CORPORATION |
8200 South Unit Drive, Tulsa, Oklahoma 74132 | |
Telephone 918 493-7700, Fax 918 493-7711 |
Contact: | Michael D. Earl |
Vice President, Investor Relations | |
(918) 493-7700 | |
www.unitcorp.com |
• | Net income of $9.1 million. |
• | Oil and natural gas segment production increased 2% over the first quarter of 2017 despite service company frac date delays and third party gathering and processing outages adversely impacting production by 94.0 MBoe. |
• | Completed the Hoxbar acquisition. |
• | Potential for over 1,000 drilling locations in the STACK and STACK extension plays. |
• | Construction was completed on the tenth BOSS drilling rig, and it was placed into service late in the quarter. |
• | Thirty-six drilling rigs are currently operating; all ten BOSS drilling rigs are under contract. |
• | Midstream segment increased gathered and processed volumes at its Hemphill and Cashion systems resulting in a liquids sold volume increase of 7% over the first quarter of 2017. |
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Unit Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Unit Corp provided additional information to their SEC Filing as exhibits
Ticker: UNT
CIK: 798949
Form Type: 10-Q Quarterly Report
Accession Number: 0000798949-17-000027
Submitted to the SEC: Thu Aug 03 2017 10:43:08 AM EST
Accepted by the SEC: Thu Aug 03 2017
Period: Friday, June 30, 2017
Industry: Crude Petroleum And Natural Gas