Welcome to our dedicated page for Unit Corporation news (Ticker: UNTC), a resource for investors and traders seeking the latest updates and insights on Unit Corporation stock.
Unit Corporation (UNTC) delivers comprehensive energy solutions through oil exploration, natural gas production, and contract drilling services across key US basins. This dedicated news hub provides investors and industry professionals with essential updates on the company's operational and financial developments.
Access real-time announcements including quarterly earnings reports, strategic acquisitions, drilling program expansions, and processing facility updates. Our curated collection ensures you stay informed about UNTC's activities in the Anadarko Basin, Permian operations, and gas gathering infrastructure improvements.
Key updates cover three core business segments: Exploration & Production drilling results, Contract Drilling fleet deployments, and Midstream processing capacity changes. Additional coverage includes leadership appointments, sustainability initiatives, and regulatory compliance achievements.
Bookmark this page for streamlined access to UNTC's latest operational milestones and financial disclosures. Combine sector-specific expertise with timely updates to inform your energy market analysis and investment decisions.
Unit Corporation (OTCQX: UNTC) announced the resignation of President and CEO Philip B. Smith, effective March 31, 2023. He will remain Chairman of the Board. Phil Frohlich, a current director and the largest shareholder, will serve as interim CEO starting April 1, 2023. Frohlich expressed his commitment to maximizing production and minimizing costs to benefit shareholders. Smith acknowledged the contributions of the company's employees and emphasized his ongoing role as Chairman in guiding the company's future. Unit Corporation operates in oil and gas exploration and production based in Tulsa, Oklahoma.
Unit Corporation (OTC Pink: UNTC) declared a special cash dividend of $10.00 per share, payable on January 31, 2023, to shareholders of record by January 20, 2023. Additionally, a quarterly dividend policy has been approved, starting with an initial payment of $2.50 per share in the second quarter. Future dividends will be variable, based on the company’s financial condition. These dividends will be funded by cash on hand, reflecting the company's strong operating performance.
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