8-K

                                  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): May 12, 2005

                                Unit Corporation

             (Exact name of registrant as specified in its charter)



           Oklahoma                    1-9260                73-1283193
(State or other jurisdiction  (Commission File Number)    (I.R.S. Employer
      of incorporation)                                  Identification No.)



       7130 South Lewis, Suite 1000, Tulsa, Oklahoma           74136
          (Address of principal executive offices)           (Zip Code)


       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:


    Written communications pursuant to Rule 425 under the Securities Act
- --- (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act
- --- (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the
- --- Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the
- --- Exchange Act (17 CFR 240.13e-4(c))



Section 7 - Regulation FD.

Item 7.01 Regulation FD Disclosure.
          ------------------------

     On May 12, 2005, the Company issued a press release announcing that its
wholly owned subsidiary, Unit Petroleum Company, has signed a purchase and sale
agreement to acquire certain oil and natural gas properties from a private
company for approximately $24.1 million in cash.

     The press release furnished as an exhibit to this report includes
forward-looking statements within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934. Such forward-looking statements are subject
to certain risks and uncertainties, as disclosed by the Company from time to
time in its filings with the Securities and Exchange Commission. As a result of
these factors, the Company's actual results may differ materially from those
indicated or implied by such forward-looking statements.

Section 9 - Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.
          ---------------------------------

(a) Financial Statements of Businesses Acquired.
    --------------------------------------------

Not Applicable.


(b) Pro Forma Financial Information.
    --------------------------------

Not Applicable.


(c) Exhibits.
    ---------


     99.1  Unit Corporation press release dated May 12, 2005.


                                   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: May 16, 2005           By:  /s/ David T. Merrill
                                  ----------------------
                                  Name:  David T. Merrill
                                  Title:  Chief Financial Officer &
                                          Treasurer






                                       2


                                 EXHIBIT INDEX
                                 -------------

Exhibit No.  Description

    99.1     Unit Corporation press release dated May 12, 2005.

EX-99.1

news UNIT CORPORATION

7130 South Lewis Avenue, Suite 1000 Tulsa, Oklahoma 74136
Telephone 918 493-7700, Fax 918 493-7711

Contact:   David T. Merrill
                  Chief Financial Officer
                  and Treasurer
                  (918) 493-7700

For Immediate Release…
May 12, 2005

UNIT CORPORATION ANNOUNCES SIGNING
OF AGREEMENT FOR ACQUISITION

        Tulsa, Oklahoma . . . Unit Corporation (NYSE – UNT) announced today that its wholly owned subsidiary, Unit Petroleum Company, has signed a purchase and sale agreement to acquire certain oil and natural gas properties from a private company for approximately $24.1 million in cash. The acquisition consists of approximately 14.5 Bcfe of proved oil and natural gas reserves. The properties are located in Oklahoma and currently produce 2.5 MMcfe per day. The acquisition will have an effective date of April 1, 2005. Closing of the acquisition, which is subject to certain conditions contained in the agreement, is anticipated to be mid-June.

        Larry Pinkston, President and Chief Executive Officer, said “The acquisition will fit well with Unit’s core area of operations and will help us to further develop and exploit fields and supply a basis for future drilling.”

_____________________________________________________________________

        Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. Unit’s Common Stock is listed on the New York Stock Exchange under the symbol UNT. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.

        This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act that involve risks and uncertainties, including that the acquisition which is the subject of this press release will close, the estimated oil and natural gas reserves associated with this acquisition, and the current productive capabilities of the wells included in the pending acquisition, and other factors described from time to time in the company’s publicly available SEC reports, which could cause actual results to differ materially from those expected.