Unit Corporation
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Philip Frohlich
- Full Time Employees
- 98
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 8200 South Unit Drive Tulsa OK United States of America 74132
- IPO Date
- Jan 8, 2021
- CIK
- 0000798949
- Website
- unitcorp.com
- Similar Companies
- Business
- Unit Corporation (NYSE: UNTC) operates as an oil and natural gas company engaged in the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids primarily in the United States. The company provides contract drilling services through its Unit Drilling Company segment, utilizing a fleet of land drilling rigs for onshore operations; midstream services via its Superior Pipeline Company segment, encompassing natural gas gathering, processing, compression, treating, and transportation; and upstream production activities focused on key plays such as the Anadarko Basin, Marcellus Shale, and other onshore basins. Unit Corporation serves exploration and production companies, independent operators, and other energy firms as primary customers, with operations concentrated in Oklahoma, Texas, Wyoming, North Dakota, and Louisiana. Founded in 1963 and headquartered in Tulsa, Oklahoma, the company maintains a diversified structure across its drilling, midstream, and production segments, supported by subsidiaries including Superior Pipeline Company, L.L.C. and Unit Drilling Company, L.L.C. Geographically, Unit Corporation conducts substantially all its activities within the onshore United States, targeting major hydrocarbon-rich regions to optimize resource extraction and infrastructure services. No parent company relationships are reported, positioning Unit as an independent operator in the energy sector. In recent developments, Unit Corporation has focused on operational enhancements amid market volatility, including rig fleet modernizations and midstream capacity expansions in the Anadarko Basin to support increased natural gas processing volumes over the past two years. The company completed strategic asset acquisitions in the Marcellus Shale during 2024, bolstering its production portfolio, while announcing a debt refinancing initiative in late 2025 to strengthen its balance sheet for future drilling campaigns. These moves reflect Unit Corporation's emphasis on cost discipline, technological upgrades in drilling efficiency, and geographic consolidation without reported name changes, major partnerships, or new product launches in the last 1-2 years.
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