Saturday, June 20, 2026

Unit Reports Increasing Demand for Rigs

Improving commodity prices driving demand Unit Corp. (Ticker: UNT) announced its first quarter 2017 results Thursday with the drilling segment of the company showing higher levels of rig utilization. The average number of Unit’s drilling rigs working during the quarter was 25.5, an increase of 24% over the first quarter of 2016 and an increase of 31% over the fourth

Profitable WPX Sees 3 Keys for Ramping Up in the Delaware

“World class rock, tons of opportunity”: WPX In today’s conference call, WPX (ticker: WPX) discussed three main requirements for ramping up production. Geology First and foremost is the local geology. However, WPX believes that it has mostly solved this question. While spacing and a few other nuances will require further investigation, the geology itself is well-established. “There is no question,”