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Larry Pinkston, President and CEO, and David Merrill, CFO and Treasurer of Unit Corporation, presented today at EnerCom’s The Oil & Services Conference™ 10. Unit is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas.

During the company’s breakout session, management was asked the following questions:

  • What are you receiving for your liquids price and are you seeing any infrastructure issues in the mid-continent getting your liquids to market?
  • On the drilling rig segment of your business, what plays do you anticipate will be adding rigs?
  • What do natural gas prices need to be to significantly increase utilization on the low horsepower (400-700 h.p.) rigs?
  • When you do a new build rig what kind of contract do you require to ensure that the rig remains utilized?
  • What differences in day rates are you able to charge for a new rig vs. and older rig with the same specifications?
  • Are you looking to add additional acreage to your Mississippian acreage?
  • Can you talk about your completion design for Marmaton? Is it going to change?
  • It looks like as a percentage of the total 2012 capital budget, the midstream segment looks to have a greater part of the pie than in previous years.
  • Can you talk a little more about your 2012 spending for this segment?

Click here for the Unit Corporation webcast.


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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.