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): April 19, 2006
(Exact
name of registrant as specified in its charter)
Delaware
|
1-9260
|
73-1283193
|
|||
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
Identification
No.)
|
7130
South Lewis, Suite 1000, 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)
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
7 - Regulation FD
Item
7.01 Regulation
FD Disclosure.
On
April
19, 2006, the Company issued a press release announcing that its wholly owned
subsidiary, Unit Petroleum Company, has signed a purchase and sale agreement
to
acquire certain oil and natural gas properties from a group of four private
entities for approximately $32.4 million in cash.
This
press release, which is furnished as Exhibit 99.1 to this Form 8-K, includes
forward-looking statements within the meaning of the Securities Act of 1933
and
the Securities Exchange Act of 1934. Such forward-looking statements are
subject
to certain risks and uncertainties, as disclosed by the Company from time
to
time in its filings with the Securities and Exchange Commission. As a result
of
these factors, the Company’s actual results may differ materially from those
indicated or implied by such forward-looking statements.
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)
|
Shell
Company Transactions.
|
Not
Applicable.
2
(d)
|
Exhibits.
|
The following exhibits are furnished or filed herewith:
99.1
|
Unit
Corporation press release dated April 19, 2006.
|
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.
|
Unit
Corporation
|
|||
Date:
April 19, 2006
|
By:
/s/ Mark E. Schell
|
|||
Name:
Mark E. Schell
|
||||
Title:
Senior Vice President
|
3
EXHIBIT
INDEX
Exhibit No. |
Description
|
||
99.1
|
Unit
Corporation press release dated April 19, 2006.
|
4
Exhibit
99.1
news
|
UNIT
CORPORATION
|
|
7130
South Lewis Avenue, Suite 1000, Tulsa, Oklahoma 74136
|
|
Telephone
918 493-7700, Fax 918 493-7714
|
Contact:
|
David
T. Merrill
|
|
Chief
Financial Officer
|
|
and
Treasurer
|
|
(918)
493-7700
|
For
Immediate Release…
April
19, 2006
UNIT
CORPORATION ANNOUNCES SIGNING
OF
AGREEMENT FOR ACQUISITION
Tulsa,
Oklahoma . . . Unit Corporation (NYSE - UNT) announced today that its
wholly
owned subsidiary, Unit Petroleum Company, has signed a purchase and
sale
agreement to acquire certain oil and natural gas properties from a
group of
private entities for approximately $32.4 million in cash. Proved oil
and natural
gas reserves involved in this acquisition consist of approximately
14.2 Bcfe.
The properties currently produce 3.0 MMcfe per day. Approximately 45%
of the
reserves associated with these properties are located in Oklahoma,
36% are
located in Texas and 19% in New Mexico. This acquisition will have
an effective
date of April 1, 2006. The closing date for this acquisition, which
is subject
to certain conditions contained in the definitive agreements, is anticipated
to
be May 12, 2006.
Larry
Pinkston, President and Chief Executive Officer, said, "These properties fit
well in our core area of operations, and have substantial upside potential.
We
are very excited about the integration of these properties into our
future
development and exploration program.”
______________________________________________________________________
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.
This
news
release contains forward-looking statements within the meaning of the
Securities
Litigation Reform Act that involve risks and uncertainties, including
that the
acquisition which is the subject of this press release will close,
the estimated
oil and natural gas reserves associated with this acquisition, and
the current
productive capabilities of the wells included in the pending acquisition,
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.