UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 2, 2004 UNIT CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 1-9260 73-1283193 (State of Incorporation) (Commission File (IRS Employer Number) Identification No.) 1000 Kensington Tower, 7130 South Lewis, Tulsa, Oklahoma 74136 (Address Of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (918) 493-7700 (Not Applicable) (Former Name Or Former Address, If Changed Since Last Report)ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 99 Press Release of Unit Corporation dated August 2, 2004 Item 9. REGULATION FD DISCLOSURE Unit Corporation announced on August 2, 2004 that its wholly-owned subsidiary, Unit Drilling Company, has completed the acquisition of Sauer Drilling Company, a Casper-based drilling company and a wholly-owned subsidiary of Tom Brown, Inc. At closing, Unit paid $34.7 million in cash. Unit Corporation also announced on August 2, 2004 that it has completed its acquisition of the 60% of Superior Pipeline Company LLC that it did not already own for $19.8 million. The press release regarding these announcements are furnished as Exhibit 99. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 4, 2004 -------------- UNIT CORPORATION By: /s/ Mark E. Schell ---------------------- Mark E. Schell Senior Vice President General Counsel and Secretary 1 Exhibit Index - ------------- Exhibit No. Description ----------- ----------- 99 Press Release, issued by Unit Corporation on August 2, 2004 announcing its wholly-owned subsidiary, Unit Drilling Company, has completed the acquisition of Sauer Drilling Company, a Casper-based drilling company and a wholly-owned subsidiary of Tom Brown, Inc. and Unit Corporation has completed its acquisition of the 60% of Superior Pipeline Company LLC that it did not already own. 2
news UNIT CORPORATION - ----------------------------------------------------------------------------- 1000 Kensington Tower, 7130 South Lewis Avenue, Tulsa, Oklahoma 74136 Telephone 918 493-7700, Fax 918 493-7714 Contact: Larry D. Pinkston President and Chief Operating Officer (918) 493-7700 For Immediate Release... August 2, 2004 UNIT CORPORATION ANNOUNCES THE CLOSE OF TWO ACQUISITIONS Tulsa, Oklahoma . . . Unit Corporation (NYSE - UNT) announced today that its wholly-owned subsidiary, Unit Drilling Company, has completed the acquisition of Sauer Drilling Company, a Casper-based drilling company and a wholly-owned subsidiary of Tom Brown, Inc. At closing, Unit paid $34.7 million in cash. The acquisition includes 9 drilling rigs, a fleet of trucks, and an equipment and repair yard with associated inventory, located in Casper, Wyoming. Unit Corporation also announced today that it has completed its acquisition of the 60% of Superior Pipe Line Company LLC that it did not already own for $19.8 million. Superior Pipeline is a mid-stream company engaged primarily in the gathering, processing and treating of natural gas. The company owns one natural gas treatment plant, two processing plants, 12 active gathering systems and 375 miles of pipeline. Cash flow (net income plus depreciation) for the company was $4.5 million in 2003. Superior operates in western Oklahoma and the Texas Panhandle and has been in business for 8 years. ----------------------------------------------- Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production and contract drilling. Unit's Common Stock is listed on the New York Stock Exchange under the symbol UNT. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act that involve risks and uncertainties, including future rig utilization and dayrates, the number of wells to be drilled by the company, development, operational, implementation and opportunity risks, and other factors described from time to time in the company's publicly available SEC reports, which could cause actual results to differ materially from those expected.