14 Feb 2013director interest notice● Neutral
UNIT CORP Executive Vice President, UPC Guidry Brad received 19,108 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2013director interest notice● Neutral
UNIT CORP President, Superior Pipeline Parks Robert received 13,376 shares as part of the equity award.
14 Feb 2013director interest notice● Neutral
UNIT CORP President and CEO Larry D Pinkston received 44,140 shares as part of the equity award.
14 Feb 2013director interest notice● Neutral
UNIT CORP Sr. V-P, CFO, Treasurer David T Merrill received 19,108 shares as part of the equity award.
14 Feb 2013director interest notice● Neutral
UNIT CORP SR. V-P, General Counsel Mark E Schell received 19,108 shares as part of the equity award.
13 Feb 2013substantial holder notice● Neutral
George Kaiser Family Foundation, Frederic Dorwart, Phil Frohlich, Phil Lakin, Jr reported a UNIT CORP shareholding of 4,471,560 shares (9.21% of votes) in a periodic institutional filing.
7 Feb 2013substantial holder notice● Neutral
HEARTLAND ADVISORS, INC, WILLIAM J. NASGOVITZ reported a UNIT CORP shareholding of 2,511,504 shares (5.20% of votes) in a periodic institutional filing.
30 Jan 2013substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial UNIT CORP shareholding (5.07% of votes).
24 Jan 2013substantial holder notice● Neutral
Royce & Associates, LLC reported a UNIT CORP shareholding of 7,197,194 shares (14.82% of votes) in a periodic institutional filing.
2 Jan 2013director interest notice● Neutral
UNIT CORP President, Superior Pipeline Parks Robert sold 8,027 shares at $44.72.
21 Dec 2012director interest notice● Neutral
UNIT CORP President and CEO Larry D Pinkston gifted 1,200 shares.
18 Dec 2012director interest notice● Neutral
UNIT CORP director John G Nikkel sold 29,000 shares at $44.53.
14 Dec 2012director interest notice● Neutral
UNIT CORP President and CEO Larry D Pinkston exercised stock options for 7,500 shares and disposed of 10,659 shares.
4 Dec 2012director interest notice● Neutral
UNIT CORP director John H Williams exercised stock options for 3,500 shares and disposed of 10,500 shares.
29 Nov 2012securities registration● Neutral
UNIT CORP filed the final prospectus for a registered offering.
20 Nov 2012director interest notice● Neutral
UNIT CORP SR. V-P, General Counsel Mark E Schell exercised stock options for 7,500 shares and disposed of 15,000 shares.
15 Nov 2012director interest notice● Neutral
UNIT CORP director John G Nikkel sold 6,874 shares at $40.55.
13 Nov 2012business combination● Neutral
On November 13, 2012, Unit filed a registration statement offering to swap up to $400 million of its unregistered 6 5/8% senior subordinated notes due 2021 (issued July 24, 2012) for identical registered notes, as required under the earlier registration rights agreement. The new notes drop the special mandatory redemption feature and transfer restrictions; this is a paperwork step for noteholders and does not change the amount of debt.
1 Nov 2012quarterly activities report▼ Bad
UNIT CORP reported quarterly revenue of $331.6 million and a net loss of $56.5 million for the period ended 2012-12-31.
1 Nov 2012quarterly activities report▼ Bad
UNIT CORP reported quarterly revenue of $331.6 million and a net loss of $56.5 million for the period ended 2012-12-31.
11 Sept 2012material agreement● NeutralMajor
On September 5, 2012, Unit amended its September 2011 credit agreement with a bank group, raising the Total Commitment to $500 million, the Maximum Credit Amount to $900 million and permitted subordinated debt to $950 million. When the Noble Energy purchase closes, the Borrowing Base rises to $800 million until the next scheduled redetermination on October 1, 2012.
21 Aug 2012director interest notice● Neutral
UNIT CORP Vice President, Controller Hayes Don A had 350 shares withheld for taxes on vesting stock.
2 Aug 2012quarterly activities report● Neutral
UNIT CORP reported quarterly revenue of $321.8 million and net income of $46.6 million for the period ended 2012-09-30.
31 July 2012quarterly activities report▼ Bad
UNIT CORP reported quarterly revenue of $327.8 million and a net loss of $19.3 million for the period ended 2012-06-30.
25 July 2012debt financing● NeutralMajor
On July 24, 2012, Unit completed the $400 million issue of 6.625% senior subordinated notes due May 15, 2021, with net proceeds of about $386.7 million to partly fund the Noble Energy purchase. If the acquisition has not closed by November 30, 2012, or the purchase agreement is terminated before then, the notes must be redeemed at 98.75% or 99.75% of principal plus interest (depending on timing); Unit must also register an exchange of the notes with the SEC.
13 July 2012material agreement● NeutralMajor
On July 12, 2012, Unit agreed to sell $400 million of 6 5/8% senior subordinated notes due 2021 (upsized from a planned $350 million) to initial purchasers led by Merrill Lynch, with expected net proceeds of about $386.7 million and closing expected July 24. The money is intended to partly fund the pending Noble Energy acquisition, continuing the financing of that deal; the notes are priced at 98.75% of par.
12 July 2012material agreement● NeutralMajor
On July 10, 2012, Unit's Unit Petroleum subsidiary agreed to buy oil and gas properties in western Oklahoma and the Texas panhandle from Noble Energy for $617.1 million cash, with Unit Corporation as guarantor. Closing is expected by September 17, 2012; financing is to come from cash, the senior revolving credit facility and possibly other long-term debt, and about $61.7 million is in escrow that goes to Noble if the deal ends for reasons other than Noble's breach or title/environmental defects.
8 June 2012substantial holder notice● Neutral
BlackRock, Inc reported a UNIT CORP shareholding of 2,388,322 shares (4.92% of votes) in a periodic institutional filing.
15 May 2012director interest notice● Neutral
UNIT CORP director John H Williams received 2,734 shares as part of the equity award.
15 May 2012director interest notice● Neutral
UNIT CORP director Steven B Hildebrand received 2,734 shares as part of the equity award.