| Business Summary | | Unit
Corporation
is
engaged
in
the
land
contract
drilling
of
natural
gas
and
oil
wells
and
the
exploration,
development,
acquisition
and
production
of
oil
and
natural
gas
properties.
Unit's
current
contract
drilling
operations
are
focused
primarily
in
the
natural
gas
producing
provinces
of
the
Oklahoma
and
Texas
areas
of
the
Anadarko
and
Arkoma
Basins,
the
Texas
Gulf
Coast
and
the
Rocky
Mountain
regions.
The
Company's
primary
exploration
and
production
operations
are
also
conducted
in
the
Anadarko
and
Arkoma
Basins
and
in
the
Texas
Gulf
Coast
area
with
additional
properties
in
the
Permian
Basin.
The
majority
of
the
Company's
contact
drilling
and
exploration
and
production
activities
are
oriented
toward
drilling
for
and
producing
natural
gas.
At
December
31,
2000,
Unit
had
an
interest
in
a
total
of
2,951
wells
and
served
as
operator
of
667
of
those
wells.
Unit
provides
land
contract
drilling
services
for
a
wide
range
of
customers
using
the
drilling
rigs,
which
it
owns
and
operates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Unit
Corporation
is
engaged
in
contract
drilling
of
oil
and
natural
gas
wells
and
the
acquisition,
development
and
production
of
oil
and
natural
gas
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
75%
to
$141.5
million.
Net
income
totalled
$37.2
million,
up
from
$9.2
million.
Revenues
reflect
increases
in
natural
gas
and
oil
prices,
and
increased
production.
Earnings
also
reflect
higher
margins
due
to
an
increase
in
rig
utilization. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| King Kirchner, 73 Chairman | $273K | John Nikkel, 66 Pres,
CEO, Director | 393K | Earle Lamborn, 66 Sr.
VP, Drilling | 264K | Philip Keeley, 59 Sr.
VP, Exploration and Production | 269K | Larry Pinkston, 46 VP,
Treasurer and CFO | 185K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|