21 Dec 2007director interest notice● Neutral
UNIT CORP SENIOR VP - UPC Guidry Brad received 10,293 shares and a 9,981-share option grant as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Dec 2007director interest notice● Neutral
UNIT CORP CONTROLLER Stanley W Belitz received 1,354 shares as part of the equity award.
21 Dec 2007director interest notice● Neutral
UNIT CORP CHIEF FINANCIAL OFFICER David T Merrill received 13,294 shares and a 15,843-share option grant as part of the equity award.
10 Dec 2007substantial holder notice● Neutral
Neuberger Berman Inc., Neuberger Berman, LLC, Neuberger Berman Management Inc., Neuberger Berman Equity Funds reported a UNIT CORP shareholding of 333,516 shares (0.72% of votes) in a periodic institutional filing.
11 Sept 2007director interest notice● Neutral
UNIT CORP Controller Stanley W Belitz received 2,088 shares as part of the equity award.
24 July 2007director interest notice● Neutral
UNIT CORP director J Michael Adcock gifted 50 shares.
27 June 2007director interest notice● Neutral
UNIT CORP Controller Stanley W Belitz sold 3,434 shares.
22 June 2007director interest notice● Neutral
UNIT CORP director J Michael Adcock exercised stock options for 3,500 shares and disposed of 7,000 shares.
21 June 2007director interest notice● Neutral
UNIT CORP Executive Vice President, UDC Cromling John exercised stock options for 1,400 shares and disposed of 1,400 shares.
21 June 2007director interest notice● Neutral
UNIT CORP Executive Vice President, UDC Cromling John exercised stock options for 1,000 shares and disposed of 1,000 shares.
11 June 2007director interest notice● Neutral
UNIT CORP director John G Nikkel sold 49,249 shares.
8 June 2007director interest notice● Neutral
UNIT CORP Senior Vice President, UPC Guidry Brad sold 1,000 shares.
8 June 2007director interest notice● Neutral
UNIT CORP Chief Executive Officer John G Nikkel sold 49,249 shares.
1 June 2007director interest notice● Neutral
UNIT CORP Senior Vice President, UPC Guidry Brad exercised stock options for 1,000 shares and disposed of 1,000 shares.
25 May 2007material agreement● NeutralMajor
Unit replaced its January 2004 credit agreement (and amendments) with a new amended and restated senior credit agreement led by Bank of Oklahoma. It has an aggregate commitment of $275 million, a maximum credit amount of $400 million, an initial borrowing base of $425 million and a five-year term. Proceeds refinance existing debt and fund working capital, letters of credit and general purposes, resolving the series of short-term amendments.
15 May 2007director interest notice● Neutral
UNIT CORP director Don Cook exercised stock options for 2,500 shares and disposed of 2,500 shares.
10 Apr 2007material agreement● Neutral
Unit signed another one-year consulting agreement (effective April 1, 2007) with Chairman John Nikkel on substantially the same terms as before: $70,000 per year plus office space and secretarial service. Nikkel remains on the board as Chairman; this renews the arrangement begun when he retired as CEO in 2005.
27 Feb 2007director interest notice● Neutral
Parks Robert became a UNIT CORP Manager, Superior Pipeline and company insider (initial ownership filing).
27 Feb 2007director interest notice● Neutral
Guidry Brad became a UNIT CORP Senior Vice President, UPC and company insider (initial ownership filing).
27 Feb 2007director interest notice● Neutral
Cromling John became a UNIT CORP Executive Vice President, UDC and company insider (initial ownership filing).
26 Jan 2007material agreement● Neutral
Fourth amendment to the credit agreement extends the facility termination date from January 31, 2008 to May 31, 2008. This continues the series of amendments begun with the October 2006 third amendment.
25 Jan 2007substantial holder notice● Neutral
Royce & Associates, LLC reported a UNIT CORP shareholding of 5,435,500 shares (11.75% of votes) in a periodic institutional filing.
23 Jan 2007substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial UNIT CORP shareholding (8.74% of votes).
9 Jan 2007drilling progress report▲ GoodMajor
Unit announced its 2007 capital budgets: Unit Petroleum $326 million excluding acquisitions ($280 million for drilling), up 35% on estimated 2006, with 270 wells planned (up 11%). Unit Drilling budgeted $131 million (down 25%) after ending 2006 with a record 117 rigs, and Superior Pipeline budgeted $25 million. In 2006, 214 of 244 completed wells were producers (88%).
22 Dec 2006director interest notice● Neutral
UNIT CORP director Gary R Christopher bought 2,000 shares on the open market at $49.33.
19 Dec 2006director interest notice● Neutral
UNIT CORP director J Michael Adcock gifted 150 shares.
14 Dec 2006director interest notice● Neutral
UNIT CORP Chief Financial Officer David T Merrill received 2,248 shares and a 5,929-share option grant as part of the equity award.
14 Dec 2006director interest notice● Neutral
UNIT CORP SR. V-P, General Counsel Mark E Schell received 2,472 shares and a 6,522-share option grant as part of the equity award.
14 Dec 2006director interest notice● Neutral
UNIT CORP President Larry D Pinkston received 8,990 shares and a 23,716-share option grant as part of the equity award.
10 Oct 2006material agreement● Neutral
Unit amended its bank credit agreement (third amendment), raising the maximum credit amount from $235 million to $275 million and the borrowing base from $300 million to $375 million until the next scheduled determination date. A $60,000 facility fee was incurred.