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Home > Company Index > Energy > Oil & Gas Exploration & Production > Unit Corporation

Unit Corporation
NYSE: UNT
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 PROFILE
It's oil for one and one for oil. With a single-minded focus on hydrocarbons, Unit Corp. conducts contract onshore drilling of oil and natural gas wells for a variety of customers in the Gulf Coast, midcontinent, and Rocky Mountain regions of the US. It maintains a drilling fleet of more than 50 rigs having depth capacities of 9,500 to 40,000 feet. Unit Corp. also explores for and produces oil and natural gas, primarily in the Anadarko and Arkoma basins of Oklahoma and Texas. The company owns interests in more than 2,880 wells in the US (about 670 of which it operates) and 64 wells in Canada. It has proved reserves of 4.2 million barrels of oil and 216 billion cu. ft. of natural gas.

 COMPETITION
BP p.l.c. (BP)
Grey Wolf, Inc. (GW)
Nabors Industries, Inc. (NBR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 200.10
1-Yr. Sales Growth: 105.2%
Employees: 1,144
Revenue per employee: $174,912.59

 KEY PEOPLE
• John G. Nikkel
    CEO
• Larry D. Pinkston
    CFO

 CONTACT INFO
1000 Kensington Tower
Tulsa, OK 74136
US
Phone: 918-493-7700
Fax: 918-493-7711
Online: Web Site

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