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Unit Corporation (UNT)


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Unit Corporation

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

SectorBasic Materials
IndustryOil & Gas Drilling & Exploration
Full Time Employees1,216

Key Executives

NameTitlePayExercisedAge
Mr. Larry D. PinkstonChief Exec. Officer, Pres, Chief Operating Officer and Director1.24MN/A62
Mr. David T. MerrillChief Financial Officer, Sr. VP and Treasurer672.94kN/A56
Mr. Mark E. SchellSr. VP, Gen. Counsel and Corp. Sec.665.53kN/A59
Mr. John H. CromlingExec. VP of Drilling - Unit Drilling Company617.53kN/A69
Mr. Don A. HayesPrincipal Accounting Officer, VP and ControllerN/AN/A58
Amounts are as of December 31, 2016 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, operates as an oil and natural gas contract drilling company primarily in the United States. The company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment acquires, explores, develops, and produces oil and natural gas properties primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Utah, and Wyoming. As of December 31, 2016, this segment had approximately 40 gross proved undeveloped wells. The Contract Drilling segment is involved in the land contract drilling of onshore oil and natural gas wells for its own account, as well as for a range of other oil and natural gas companies primarily in Oklahoma, Texas, Wyoming, and North Dakota, as well as in Louisiana and Kansas. This segment operates 21 drilling rigs. The Mid-Stream segment buys, sells, gathers, transports, processes, and treats natural gas for third parties and for its own account. This segment operates 3 natural gas treatment plants, 13 processing plants, and 25 gathering systems, as well as approximately 1,465 miles of pipeline in Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. Unit Corporation was founded in 1963 and is based in Tulsa, Oklahoma.

Corporate Governance

Unit Corporation’s ISS Governance QualityScore as of July 1, 2017 is 2. The pillar scores are Audit: 1; Board: 3; 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.