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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 |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/798949/000079894919000034/unt-20190930.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Unit Corp.
Unit Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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The change was due primarily to an increase in capital expenditures for development drilling and construction of BOSS drilling rigs partially offset by a reduction in cash proceeds on the sale of assets.
This plan is identical to the Separation Benefit Plan with the exception that the benefits under the plan vest on the earliest of a participant's reaching the age of 65 or serving 20 years with the company.
Effective January 1, 1997, we adopted a separation benefit plan ("Separation Plan").
The Separation Plan allows eligible employees whose employment is involuntarily terminated or, in the case of an employee who has completed 20 years of service, voluntarily or involuntarily terminated, to receive benefits equivalent to four weeks salary for every whole year of service completed with the company up to a maximum of 104 weeks.
Income Tax (Benefit) Expense Income tax (benefit) expense went from an expense of $6.7 million to a benefit of $50.8 million between the comparative third quarters of 2019 and 2018 primarily due to decreased pre-tax income.
Income Tax (Benefit) Expense Income...Read more
On October 28, 1997, we...Read more
The decrease in working capital...Read more
On May 5, 2004 we...Read more
General and Administrative Corporate general...Read more
Related party transactions for contract...Read more
The Senior Plan provides certain...Read more
Effective September 26, 2019, our...Read more
Effective September 26, 2019, our...Read more
65 Table of Contents Oil...Read more
Pursuant to accounting guidance on...Read more
General and Administrative Corporate general...Read more
All statements, other than statements...Read more
With improved commodity prices during...Read more
Mid-Stream Our mid-stream revenues decreased...Read more
Mid-Stream Our mid-stream revenues decreased...Read more
We are currently evaluating the...Read more
Effective April 3, 2018, Superior...Read more
Except as required by law,...Read more
The credit agreement provides that...Read more
The credit agreement provides that...Read more
Drilling operating costs decreased $3.2...Read more
Drilling operating costs decreased $6.1...Read more
Safe Harbor Statement This report,...Read more
Our decisions to increase our...Read more
Revenue for the third quarter...Read more
That determination resulted in $50.0...Read more
It is hard to predict...Read more
It is hard to predict...Read more
At September 30, 2019, based...Read more
The increase was primarily due...Read more
62 Table of Contents Oil...Read more
We can use borrowings to...Read more
Our average interest rate decreased...Read more
As of September 30, 2019,...Read more
Gain (Loss) on Derivatives Gain...Read more
The continuous fluctuations in commodity...Read more
The amendment will be effective...Read more
The amendment will be effective...Read more
The amendment is effective for...Read more
The amendment will be effective...Read more
Also, it is permitted to...Read more
58 Table of Contents At...Read more
For 2019, we believe the...Read more
In addition, sustained lower commodity...Read more
The increase over the second...Read more
At September 30, 2019, the...Read more
Gas processed volumes for the...Read more
The partnerships repay us for...Read more
Our effective tax rate was...Read more
Our effective tax rate was...Read more
Our commodity derivatives are intended...Read more
Rig utilization fluctuated over the...Read more
Gas gathered volumes per day...Read more
The decrease from the second...Read more
As a result, we recorded...Read more
Early in the first quarter...Read more
The increase over the third...Read more
We may also determine the...Read more
We may also determine the...Read more
Dayrates for the third quarter...Read more
These factors include the demand...Read more
The increase in our DD&A...Read more
We have recorded a liability...Read more
Contract drilling depreciation decreased $2.9...Read more
Operating costs decreased $14.6 million...Read more
During the last several years,...Read more
For the third quarter of...Read more
For the first nine 66...Read more
At the Cashion processing facility...Read more
At the Cashion processing facility...Read more
44 Table of Contents The...Read more
Gas processed volumes per day...Read more
Gas gathered volumes per day...Read more
Gas gathered volumes per day...Read more
The increase over the third...Read more
The outstanding Unit and Superior...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Unit Corp provided additional information to their SEC Filing as exhibits
Ticker: UNT
CIK: 798949
Form Type: 10-Q Quarterly Report
Accession Number: 0000798949-19-000034
Submitted to the SEC: Fri Nov 08 2019 7:42:29 AM EST
Accepted by the SEC: Fri Nov 08 2019
Period: Monday, September 30, 2019
Industry: Crude Petroleum And Natural Gas