Unit Corp. (UNT) Misses Q1 EPS by 1c

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Unit Corporation Reports 2016 First Quarter Results

May 5, 2016 8:03 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (NYSE: UNT) today reported its financial and operational results for the first quarter 2016. Highlights include:

Realized net proceeds of $37.4 million from the sale of various non-core oil and natural gas segment asset packages. Crude oil production per day increased 3% compared to the fourth quarter of 2015. Midstream segment gas gathered volumes per day increased 15% compared to the first quarter of 2015. Midstream segment connected additional well pads to its Pittsburgh Mills gathering line in Butler... More