Unit Corporation is an oil and natural gas contract drilling company. The Company operates in the exploration and production and mid-stream areas. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Company's Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties for its account. Its properties and related assets are mainly located in Oklahoma and Texas and to a lesser extent Kansas, Louisiana, Montana, North Dakota, Utah, and Wyoming. Its Contract Drilling segment is engaged in drilling onshore oil and natural gas wells for a range of other oil and natural gas companies as well as for its own account. Its Mid-Stream segment buys, sells, gathers, transports, processes, and treats natural gas for its own account and for third parties. The Company operates through its subsidiaries, which include Unit Petroleum Company, Unit Drilling Company and Superior Pipeline Company, L.L.C.
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