Unit Corp

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Tulsa, Oklahoma-based Unit Corporation (NYSE: UNT) is a diversified oil and natural gas exploration and production company. It is also involved through subsidiaries in contract drilling and mid-stream gathering pipeline systems and natural gas processing.

Through Superior Appalachian, a division of its Superior Pipeline subsidiary, Unit develops gas pipeline infrastructure in Central Pennsylvania. It is jointly developing these mid-stream pipeline projects with Appalachian Producer Services.

Unit owns 180,000 gross and 55,000 net acres of Marcellus shale drilling rights in Somerset County, PA. The company had participated in drilling two vertical wells in the county, and completion activities on these wells were scheduled to begin in mid-May, 2009. The company had budgeted $8 million to fund one additional vertical and two horizontal Marcellus wells for the second half of 2009.

• Larry Pinkston is Unit's President and CEO.
• Brad Guidry is Senior Vice President of Exploration.
• David T. Merrill is the company's CFO and Treasurer.