Unit Corporation Announces Exchange Offer and Consent Solicitation

TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (NYSE: UNT) (“Unit”) announced today its plan to launch an offer to exchange (the “Exchange Offer”) any and all of its existing 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5/ISIN US909218AB56) (the “Old Notes”) for new Second Lien Senior Secured Notes (the “New Notes”), upon the terms and conditions set forth in the Registration Statement filed today with the Securities and Exchange Commission (the “Registration Statement”).