-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HV0MtfeKY1ZfQ7ujyxDcRP1QDz5tyIOp28Ew8tvzgD4WeLKFp1A/5kXqm5ypa4SE L+BaVd1SNuDJFkM8Do/zcg== 0000798949-06-000073.txt : 20061003 0000798949-06-000073.hdr.sgml : 20061003 20061003095236 ACCESSION NUMBER: 0000798949-06-000073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061002 ITEM INFORMATION: Other Events FILED AS OF DATE: 20061003 DATE AS OF CHANGE: 20061003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIT CORP CENTRAL INDEX KEY: 0000798949 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731283193 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09260 FILM NUMBER: 061122509 BUSINESS ADDRESS: STREET 1: 1000 KENSINGTON TOWER STREET 2: 7130 SO LEWIS STE 1000 CITY: TULSA STATE: OK ZIP: 74136 BUSINESS PHONE: 9184937700 MAIL ADDRESS: STREET 1: 1000 KENSINGTON TOWER STREET 2: 7130 SO LEWIS STE 1000 CITY: TULSA STATE: OK ZIP: 74136 8-K 1 acquisition8k10022006.htm FORM 8-K 10-2-2006 PRESS RELEASE Unassociated Document

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 2, 2006

(Exact name of registrant as specified in its charter)

 
Delaware
  
1-9260
  
73-1283193
  
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
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 8 - Other Events
 
Item 8.01 Other Events.
 
On October 2, 2006, the company announced that its wholly owned subsidiary, Unit Petroleum Company,
has signed an agreement to acquire Brighton Energy, LLC, a privately owned oil and natural gas company for approximately $67.0 million in cash. The acquisition involves all of Brighton’s oil and natural gas assets outside of the southeastern Arkoma Basin and includes approximately 27.0 Bcfe of proved reserves and 5.0 MMcfe per day of current production. This acquisition is effective August 1, 2006 and is expected to close October 13, 2006, subject to certain conditions contained in the definitive agreements.
 
On October 2, 2006, the company also announced that its wholly owned subsidiary, Superior Pipeline Company, LLC, closed its acquisition of Berkshire Energy LLC., a private company for an adjusted purchase price of $21.7 million. The principal assets of this company are all located in an established but highly active field in central Oklahoma and consist of a natural gas processing plant, a natural gas gathering system with 15 miles of pipeline, three field compressors and two plant compressors.
 
Unit also announced on October 2, 2006, that effective immediately it has engaged American Stock Transfer & Trust Company to serve as Transfer Agent & Registrar for its common stock in place of Mellon Investor Services, LLC.
 
This press release, which is furnished as Exhibit 99.1 to this Form 8-K, 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)
Shell Company Transactions.
Not Applicable.
2
 
(d)
Exhibits.
  
       The following exhibits are furnished or filed herewith:
 
99.1
 
Unit Corporation press release dated October 2, 2006.
  


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 3, 2006
By:  /s/ Mark E. Schell
  
 
Name: Mark E. Schell
 
 
Title: Senior Vice President
 

 
 
 
 
 
 
 
 
 

 

3




EXHIBIT INDEX



Exhibit No.  
Description
  
   
99.1
 
Unit Corporation press release dated October 2, 2006.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 


4
 
 EX-99.1 2 exhibit991pressrelease.htm EXHIBIT 99.1 10-2-2006 PRESS RELEASE Unassociated Document


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…
October 2, 2006


UNIT CORPORATION ANNOUNCES SIGNING OF AGREEMENT TO ACQUIRE OIL & NATURAL GAS COMPANY; COMPLETES PURCHASE OF NATURAL GAS GATHERING COMPANY IN OKLAHOMA; AND HIRES NEW TRANSFER AGENT


Tulsa, Oklahoma . . . Unit Corporation (NYSE - UNT) announced today that its wholly owned subsidiary, Unit Petroleum Company, has signed an agreement to acquire Brighton Energy, LLC, a privately owned oil and natural gas company for approximately $67.0 million in cash. The acquisition involves all of Brighton’s oil and natural gas assets outside of the southeastern Arkoma Basin and includes approximately 27.0 Bcfe of proved reserves and 5.0 MMcfe per day of current production. The reserves are 78% natural gas and 67% proved developed. The majority of the acquired reserves are located in the Anadarko and Gulf Coast basins of Oklahoma, Texas and Louisiana, with additional reserves in Arkansas, Kansas, Montana, North Dakota and Wyoming. Unit has identified 27 proved undeveloped locations that can be drilled in addition to numerous probable and possible locations. This acquisition is effective August 1, 2006 and is expected to close October 13, 2006, subject to certain conditions contained in the definitive agreements.
Unit also announced today that its wholly owned subsidiary, Superior Pipeline Company, LLC, closed its acquisition of Berkshire Energy LLC., a private company for an adjusted purchase price of $21.7 million. The principal assets of this company are all located in an established but highly active field in central Oklahoma and consist of a natural gas processing plant, a natural gas gathering system with 15 miles of pipeline, three field compressors and two plant compressors. The plant’s capacity is 15,000 Mcf per day and the current average system inlet volume is 7,000 Mcf per day.
Larry Pinkston, President and Chief Executive Officer, said, “Both of these acquisitions fit in our core areas and have substantial upside potential. We are pleased that Unit has been able to enter into these transactions as part of our continuing efforts to ensure the future growth of the company.”

Unit also announced that effective immediately it has engaged American Stock Transfer & Trust Company to serve as Transfer Agent & Registrar for its common stock in place of Mellon Investor Services, LLC. American Stock Transfer & Trust Company’s toll-free telephone numbers, address, and website for shareholder account inquiries are as follows:
For General Information:
American Stock Transfer & Trust Company
Shareholder Relations
59 Maiden Lane - Plaza Level
New York, NY 10038
PH: 800-710-0929
Fax: 718-236-2641
Email: info@amstock.com
Website: www.amstock.com

__________________________________________________________________

 
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 the possibility that the pending acquisition which is discussed in this press release may fail to close, that the ultimate quantity and value of the estimated oil and natural gas reserves associated with the pending acquisition actually differ from those contained in this release, the estimates used in the valuation of the pending and completed acquisition, including prices used in calculating reserve values, may vary significantly from actual results, and that the disclosed current productive capabilities of the oil and natural gas wells included in the pending acquisition varies from that disclosed, 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.
 -----END PRIVACY-ENHANCED MESSAGE-----