Unit Corp. (UNT) Misses Q4 EPS by 4c, Revenues Miss

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Go back to Unit Corp. (UNT) Misses Q4 EPS by 4c, Revenues Miss

Unit Corporation Reports 2018 Fourth Quarter and Year-End Results

February 21, 2019 7:00 AM EST

TULSA, Okla,--(BUSINESS WIRE)-- Unit Corporation (NYSE - UNT) today reported its financial and operational results for the fourth quarter and year-end 2018. Fourth quarter and 2018 operational highlights include:

Oil and natural gas segment production increased 7% year-over-year from 2017. Total year-end 2018 proved oil and natural gas reserves increased 7% over 2017, and 158% of 2018 production was replaced with new reserves. In December, Unit acquired approximately 8,700 net acres in the Penn sands play in western Oklahoma adding additional oil prospects similar to Units existing Southern Oklahoma Hoxbar Oil Trend (SOHOT) play.... More