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Unit (UNT)
Forget tricky international supply chains; Unit is getting its oil right here. Headquartered in Tulsa, the oil and gas drilling company operates in locales from Colorado to Louisiana. Its three subsidiaries -- Unit Drilling Unit Petroleum and Superior Pipeline -- got a boost as oil prices climbed from an average $37 per barrel in 2004 to an average $50 in 2005. The company started in 1963 with just three rigs. Over the past three years, Unit's annual profit growth jumped an average 122%, to a record $212.4 million on $885.6 million in revenue, also an all-time high. And with new rigs sprouting up every month, the company's lucrative operations show no signs of slowing down. Last year, it spent more than $100 million on oil and natural gas properties in Oklahoma, Arkansas, and Texas. Shareholders are pumped for more hot growth to come.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 2,666.8 |
| Sales* ($ Millions) | 990.3 |
| Sales Growth (3-yr. avg. annual) |
68.2 % |
| Profits* ($ Millions) | 256.6 |
| Profit Growth (3-yr. avg. annual) | 122.1 % |
| Return on Inv. Capital (3-yr.) | 11.5 % |
| Share Price 12-Mo. Hi/Lo | 62/35 |
| Share Price As of 4/28/06 | 58 |
| Return on Equity | 28.1 % |
| P/E Ratio | 10 |
| No. of Employees | 2,913 |
| Industry | Oil & Gas Drilling |
| CURRENT MARKET INFO | UNT > |
| COMPANY WEB SITE > | |
| Location | Tulsa |
| Phone | 918 493-7700 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Unit Corp., through its subsidiaries, engages in contract drilling, oil and gas exploration and production, and natural gas gathering, processing, and treating operations primarily in the U.S. The company operates in three segments: Contract Drilling, Oil and Natural Gas, and Gas Gathering and Processing. The Contract Drilling segment involves the land contract drilling of oil and natural gas wells -- and drills onshore natural gas and oil wells for various oil and gas companies. This segment operates principally in the Oklahoma and Texas areas of the Anadarko and Arkoma Basins, the north Texas Barnett Shale, the Texas Gulf Coast and east Texas, and the Rocky Mountain regions of Wyoming and Colorado. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas. It has producing oil and natural gas properties, undeveloped leaseholds, and related assets primarily in Oklahoma, Texas, Louisiana, and New Mexico; and to a lesser extent in Arkansas, North Dakota, Colorado, Wyoming, Montana, Alabama, Kansas, Mississippi, and Michigan, as well as in Canada. The Gas Gathering and Processing segment buys, sells, gathers, and treats natural gas on its own and for third parties. As of Dec. 31, 2005, the company had estimated, proved, developed, and undeveloped reserves of 9,871 MBbls of oil and 352,841 MMcf of natural gas. Unit Corp. was founded in 1963 and is based in Tulsa, Okla.
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