Unit Corporation (NYSE: UNT) today announced that Les Austin has been
named Senior Vice President and Chief Financial Officer of the company,
effective immediately. The position was held by David T. Merrill, who
was promoted to Chief Operating Officer in August 2017. Mr. Austin, age
51, has over 23 years of energy finance and leadership experience, most
recently serving as Senior Vice President and Chief Financial Officer of
Cypress Energy Partners, L.P. Previously, from 2008 to 2011, he was the
Senior Vice President and Chief Financial Officer of Ram Energy
Resources, Inc. In 2011, he was promoted to Chief Operating Officer
where he served until his departure in 2012. Before joining Ram Energy
Resources, Inc., Mr. Austin was the Vice President of Finance and Chief
Financial Officer of Matrix Service Company. He has also held various
managerial and financial positions at Flint Energy Construction Co. and
Ernst & Young, LLP. Mr. Austin has a bachelor’s degree in accounting
from Oklahoma State University and is a Certified Public Accountant.

Mr. Merrill said: “We are very pleased to welcome Les Austin to Unit
Corporation. His background in the energy industry and experience as a
Chief Financial Officer will be a great asset to the company. We look
forward to his future contributions in this role.”

Unit Corporation is a Tulsa-based, publicly held energy company engaged
through its subsidiaries in oil and natural gas exploration, production,
contract drilling and natural gas gathering and processing. Unit’s
Common Stock is listed on the New York Stock Exchange under the symbol
UNT. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.

Unit Corporation
Michael D. Earl, 918-493-7700
Vice President,
Investor Relations