Unit Corp. (UNT) Misses Q1 EPS by 11c, Revenues Miss

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Go back to Unit Corp. (UNT) Misses Q1 EPS by 11c, Revenues Miss

Unit Corporation Reports 2019 First Quarter Results

May 2, 2019 8:00 AM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (NYSE: UNT) today reported its financial and operational results for the first quarter of 2019. Operational highlights include:

Oil and natural gas segment:

Continues to refocus the drilling program on prospects considered to provide higher oil content. At the end of the quarter, its remaining Granite Wash rig was redeployed to the Penn Sands prospect area. This segment has four operated drilling rigs in Western Oklahoma. In its Penn Sands prospect area in western Oklahoma, acquired an additional 8,200 net leasehold... More