News
Unit Corporation Announces Sale of Headquarters Building
TULSA, Okla. - Unit Corporation (OTC Pink: UNTC) (Company) announced today that it has closed on the sale of its corporate headquarters building and land. The closing price for the building was $35 million, before transaction costs. Unit has entered into a multi-year...
Unit Corporation Announces Share Repurchase Program
TULSA, Okla. - Unit Corporation (OTC Pink: UNTC) (Company) announced today that its board of directors has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market purchases, privately negotiated...
Unit Corporation Announces Commencement of Trading on OTC Market
TULSA, Okla. - Unit Corporation (OTC Pink: UNTC) (Company) today announced that a broker dealer was approved by the Financial Industry Regulatory Authority (FINRA) to initiate a priced quotation of the Company's common stock on the OTC Pink under the ticker symbol...
Unit Corporation Announces Changes to Senior Management
TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (Company) announced today the following changes to its senior management team:David Merrill has stepped down from his position as President and Chief Executive Officer and has also resigned from the Board of...
Unit Corporation Successfully Completes Financial Restructuring
Emerges from Chapter 11 and Appoints New Board of Directors TULSA, Okla. - Unit Corporation (Company) today announced that it has emerged from Chapter 11 bankruptcy protection. This marks the successful completion of the Company's financial restructuring process along...
Unit Corporation Receives Delisting Notice From the New York Stock Exchange
TULSA, Okla. - Unit Corporation (NYSE- UNT, OTC Pink- UNTCQ) ("the Company") today announced that it has received notification from the New York Stock Exchange (the "NYSE") that the Company's common stock has been suspended from trading on the NYSE and that the NYSE...
Unit Corporation Voluntarily Files Chapter 11 Cases to Restructure Balance Sheet
Operations to Continue as Normal Enters into Restructuring Support Agreement with Certain CreditorsSecures Approximately $36 Million in Debtor-in-Possession FinancingTULSA, Okla. - Unit Corporation (NYSE- UNT) ("the Company") today announced that it has filed...
Unit Corporation Elects to Terminate Exchange Offer
TULSA, Okla. - Unit Corporation (the "Company" or "Unit") elected to terminate its offer to exchange (the "Exchange Offer") any and all of its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) (the "Old Notes") and...
Unit Corporation Reports 2019 Fourth Quarter and Year-End Results
TULSA, Okla. - Unit Corporation (NYSE: UNT) today reported its financial and operational results for the fourth quarter and year-end 2019. Operational highlights for 2019 include: Oil and natural gas segment: Segment oil production increased 12% year-over-year....
Unit Corporation Announces David T. Merrill to Succeed Larry D. Pinkston as Chief Executive Officer on April 1, 2020
TULSA, Okla. - Unit Corporation (NYSE: UNT) today 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...