UNT - Unit Corporation

NYSE - NYSE Delayed Price. Currency in USD

Unit Corporation

8200 South Unit Drive
Tulsa, OK 74132
United States
918-493-7700
http://www.unitcorp.com

SectorEnergy
IndustryOil & Gas Drilling
Full Time Employees1,376

Key Executives

NameTitlePayExercisedYear Born
Mr. Larry D. PinkstonPres, CEO & Director1.71MN/A1955
Mr. George Les AustinSr. VP & CFO621.55kN/A1966
Mr. David T. MerrillChief Operating Officer920.47kN/A1961
Mr. Mark E. SchellSr. VP, Gen. Counsel & Corp. Sec.826.79kN/A1958
Mr. John H. CromlingExec. VP of Drilling - Unit Drilling Company788.45kN/A1948
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties. Its producing oil and natural gas properties, unproved properties, and related assets are primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Utah, and Wyoming. The Contract Drilling segment is involved in the contract drilling of onshore oil and natural gas wells for a range of other oil and natural gas companies primarily in Oklahoma, Texas, Wyoming, North Dakota, Colorado, and Utah. It has 55 drilling rigs in its fleet. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas for third parties. This segment operates 3 natural gas treatment plants, 14 processing plants, 22 gathering systems, and approximately 1,475 miles of pipeline in Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. Unit Corporation was founded in 1963 and is headquartered in Tulsa, Oklahoma.

Corporate Governance

Unit Corporation’s ISS Governance QualityScore as of October 4, 2019 is 6. The pillar scores are Audit: 10; Board: 4; Shareholder Rights: 4; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.