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Unit Corporation (UNT)

  • Jul. 11, 2012, 9:31 AM
    Unit Corp. (UNT) agrees to pay $617M to acquire oil and gas fields from Noble Energy in Texas and Oklahoma in a deal that's part of the latter's strategy of selling non-core assets. Unit intends to finance the purchase with long-term debt. (PR)
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Company Description
Unit Corp engages in land contract drilling of natural gas & oil wells, exploration, development, acquisition and production of oil and natural gas properties. Its activities also include buying, selling, gathering, & processing of natural gas in U.S.