Unit Corporation (NYSE:UNT) Files An 8-K Other Events

Unit Corporation (NYSE:UNT) Files An 8-K Other Events
Item 8.01. Other Events.

On March 14, 2018, the Company filed with the Securities and Exchange Commission (the “SEC”) a shelf registration statement on Form S-3, which became immediately effective on filing and which replaced the Company’s previous shelf registration statement on Form S-3 (File No. 333-202956).

In connection with the filing of the new shelf registration statement, the Company also filed with the SEC a new prospectus supplement dated March 14, 2018, with respect to the Company’s existing “at the market” equity offering program (the “ATM Program”), by which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $100,000,000, from time to time through Raymond James & Associates, Inc. The Company has sold shares of common stock having an aggregate offering price of approximately $19,003,091 under the ATM Program. Accordingly, as of the date of the new prospectus supplement, shares of common stock having an aggregate offering price of up to $80,996,909 remain available for offer and sale under the ATM Program.

In connection with the filing of the Prospectus Supplement, the Company is filing as Exhibit 5.1 to this Current Report the opinion of its counsel, GableGotwals, regarding the legality of the securities being registered under the prospectus supplement.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

5.1*

Opinion of GableGotwals

23.1*

Consent of GableGotwals (included in its opinion files as Exhibit 5.1 and incorporated by reference)

*Filed herewith


UNIT CORP Exhibit
EX-5.1 2 exhibit51opinionofgablegot.htm EXHIBIT 5.1 LEGAL OPINION Exhibit {1803362;2}803362;2}1100 ONEOK Plaza100 West Fifth StreetTulsa,…
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About Unit Corporation (NYSE:UNT)

Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas. Its Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company. It drills onshore oil and natural gas wells for its own account, as well as for other oil and natural gas companies. Its Mid-Stream operations are carried out by subsidiary Superior Pipeline Company, L.L.C.

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