UNIT CORP 8-K, filed Oct 4, 2021
UNIT CORP (UNTC)
8-K
2021-10-04
For: 2021-10-04
View Original
Added on
April 12, 2026
About this 8-K
UNIT CORP filed this 8-K on October 4, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 4, 2021
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | (Country) | |||||||||||||||
Registrant’s telephone number, including area code: (918) 493-7700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| N/A | N/A | N/A* | ||||||
* The registrant’s common stock is currently quoted on the OTC Pink under the ticker symbol “UNTC”.
Item 7.01 Regulation FD Disclosure.
At the beginning of this year, Unit Corporation (the “Company”) initiated an asset divestiture program in its oil and natural gas subsidiary, Unit Petroleum Company (“Unit Petroleum”), to sell certain non-core oil and gas properties and reserves (the “Divestiture Program”). As disclosed in the Company’s Form 10-Q for the quarter ended June 30, 2021, Unit Petroleum has so far sold $31.0 million of non-core oil and gas properties and reserves, including substantially all of the oil and gas assets located in Reno and Stafford Counties, Kansas, and Oklahoma City, Oklahoma, for $7.1 million and $19.5 million, respectively.
The Company is expanding the Divestiture Program to now include the potential sale of additional properties, including up to all of Unit Petroleum’s oil and gas properties and reserves.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Unit Corporation | |||||||||||
| Date: October 4, 2021 | By: | /s/ Drew Harding | |||||||||
| Drew Harding Vice President, Secretary & General Counsel | |||||||||||
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