UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 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):
January 16, 2005
Unit
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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1-9260
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73-1283193
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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7130
South Lewis, Suite 1000, Tulsa, Oklahoma
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74136
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (918)
493-7700
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
___
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
___
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
___
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17
CFR
240.14d-2(b))
___
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17
CFR
240.13e-4(c))
Section
8 - Other
Events.
Item
8.01 Other
Events.
On
January 16, 2006 Unit Corporation announced that its wholly owned subsidiary,
Unit Drilling Company, experienced a fire on one of its drilling rigs over
the
weekend. Unit's rig No. 31, a 600 horsepower drilling rig and one of the
company's smaller drilling rigs, experienced a blow out during initial drilling
operations at an approximate depth of 800 feet. No personnel were injured
although the drilling rig will be a total loss. The company anticipates that
part of this loss will be covered by insurance and it will not incur a loss
for
financial statement purposes as a result of this event. This loss brings the
company's current drilling rig fleet to 111. The company expects to replace
this
drilling rig in approximately 60 days with a drilling rig currently undergoing
modifications at one of the company's drilling yards.
Section
9 - Financial Statements and Exhibits.
Item
9.01 Financial Statements and Exhibits.
(a)
Financial
Statements of Businesses Acquired.
Not
Applicable.
(b)
Pro
Forma Financial Information.
Not
Applicable.
(c)
Exhibits.
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99.1
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Unit
Corporation press release dated January 16, 2005.
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SIGNATURES
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.
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Unit
Corporation
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|||
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Date:
Janurary 16, 2005
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By:
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/s/
Mark E. Schell
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Mark
E. Schell
Senior
Vice President
and
General Counsel
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1
EXHIBIT
INDEX
Exhibit
No. Description.
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99.1
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Unit
Corporation press release dated January 16, 2005
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news
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UNIT
CORPORATION
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7130
South Lewis Avenue, Suite 1000, Tulsa, Oklahoma 74136
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Telephone
918 493-7700, Fax 918 493-7714
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Contact:
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David
T. Merrill
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Chief
Financial Officer & Treasurer
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(918)
493-7700
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For
Immediate Release…
January
16, 2006
UNIT
CORPORATION ANNOUNCES LOSS OF DRILLING RIG
Tulsa,
Oklahoma . . . Unit Corporation (NYSE - UNT) announced today that its wholly
owned subsidiary, Unit Drilling Company, experienced a fire on one of its
drilling rigs over the weekend. Unit's rig No. 31, a 600 horsepower drilling
rig
and one of the company's smaller drilling rigs, experienced a blow out during
initial drilling operations at an approximate depth of 800 feet. No personnel
were injured although the drilling rig will be a total loss. The company
anticipates that part of this loss will be covered by insurance and it will
not
incur a loss for financial statement purposes as a result of this event.
This
loss brings the company's current drilling rig fleet to 111. The company
expects
to replace this drilling rig in approximately 60 days with a drilling rig
currently undergoing modifications at one of the company's drilling yards.
____________________________________________________
Unit
Corporation is a Tulsa-based, publicly held energy company engaged through
its
subsidiaries in oil and gas exploration, production, contract drilling and
natural gas gathering and processing. 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.