Unit Corporation (UNTC)
OTC PINK OTC PINK Primary Summary
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Unit Corporation Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Philip Frohlich CEO | OTC PINK Exchange | 909218406 CUSIP |
| US Country | 98 Employees | 16 Jun 2026 Last Dividend | - Last Split | - IPO Date |
Overview
Unit Corporation is an integral player in the United States' oil and natural gas industry, comprising a network of subsidiaries dedicated to the exploration, acquisition, development, and production of these vital resources. Since its inception in 1963, the company has strategically expanded its operations to cover a broad geographic area, including key energy-producing states such as Oklahoma, Texas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Utah, and Wyoming. Headquartered in Tulsa, Oklahoma, Unit Corporation delivers its expertise across three main segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream, each designed to cater to the diverse needs of the energy sector.
Products and Services
Unit Corporation offers a comprehensive range of products and services tailored to support the evolving landscape of the energy industry. These include:
- Oil and Natural Gas Exploration and Production: This cornerstone segment focuses on the exploration and development of oil and natural gas properties, with a substantial portfolio of producing assets and unproved properties spread across several key states. By leveraging advanced technologies and methods, Unit Corporation ensures efficient extraction and production processes, contributing significantly to the nation's energy supply.
- Contract Drilling: Specializing in the drilling of onshore oil and natural gas wells, this segment serves a variety of other oil and natural gas companies. With a fleet of 21 drilling rigs, Unit Corporation operates primarily in Oklahoma, Texas, New Mexico, Wyoming, and North Dakota. The company's extensive experience and state-of-the-art equipment enable it to handle projects of varying complexity and scale, ensuring optimal outcomes for its clients.
- Mid-Stream Operations: This segment addresses the critical needs of buying, selling, gathering, processing, and treating natural gas for third-party entities. Unit Corporation operates an expansive mid-stream infrastructure that includes natural gas treatment plants, processing plants, gathering systems, and pipelines spanning Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. These facilities play a vital role in the efficient and safe distribution of natural gas, contributing to the overall reliability and sustainability of the nation's energy infrastructure.
