Date: 7/29/2008     Form: 8-K - Current report
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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): July 29, 2008

Unit Corporation

(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 8 - Other Events.
 
Item 8.01 Other Events.
 
On July 29, 2008, Unit Corporation (the "Company") issued a press release announcing a new business partnership for one of its Mid-Stream operations.
 
The press release furnished as an exhibit to this report 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 in its press release and 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. Except as required by law, we disclaim any obligation to publicly update or revise forward looking statements after the date of this report to conform them to actual results.

        A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Section 9 - Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.
 
(d)
Exhibits.

Exhibit No.
                      Description
 99.1
Press release announcing Unit Corporation's new business partnership for Mid-Stream operations.
 
 
 
 
 
1
 
 
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: July 29, 2008
By:    /s/ Mark E. Schell
 
      Mark E. Schell
 
      Senior Vice President
 
      and General Counsel    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
2
 
 
EXHIBIT INDEX

                        Description
99.1
Press release announcing Unit Corporation's new business partnership for Mid-Stream operations.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3

 


News                                                   UNIT CORPORATION

7130 South Lewis Avenue, Tulsa, Oklahoma 74136
Telephone 918 493-7700, Fax 918 493-7714




Contact:         David T. Merrill
Chief Financial Officer & Treasurer
(918) 493-7700



For Immediate Release…
July 29, 2008



UNIT CORPORATION ANNOUNCES NEW BUSINESS PARTNERSHIP
 FOR MID-STREAM OPERATIONS

Tulsa, Oklahoma….Unit Corporation (NYSE - UNT) today announced that its mid-stream operations, through Superior Appalachian Pipeline LLC (Superior), has entered into a long-term business arrangement with Robert Eckle, President and founder of Appalachian Producer Services, located in McMurray, Pennsylvania.  The two companies have agreed to jointly develop mid-stream pipeline projects which will be owned and operated by Superior in the Appalachian Basin.  Unit had previously announced that it opened a business development office for Superior in Pittsburgh, Pennsylvania, and it is currently staffing that office with professionals from the region.  Superior will offer its expertise in natural gas gathering and processing and Mr. Eckle and his company will continue to provide marketing and natural gas management to the producer community within the basin.
Larry Pinkston, Unit’s President and Chief Executive Officer, said: "Both parties recognize the critical need of pipeline infrastructure within the basin to accommodate existing natural gas currently constrained and future natural gas supplies that will be produced from the Marcellus shale and other formations.  We’re interested in constructing new gathering systems to both relieve existing bottlenecks and gather natural gas from these potential sources.”
 


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 our 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 anticipated oil and natural gas prices, as well as other 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.