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Unit Corp. Details 2014 Capex Budget

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January 14, 2014

Unit Corp.’s (NYSE: UNT) 2014 capex budget is $928 million, a 26% increase over estimated 2013 capex, the company said Jan. 13. The current capex budget is split between Unit’s oil and natural gas, contract drilling and midstream segments, and excludes acquisitions, the company added.

The oil and gas segment has $718 million, contract drilling has $132 million and midstream has $78 million, the company said.

This budget is based on realized prices for the year that average $90.08 per barrel of oil, $29.45 per barrel of natural gas liquids ...


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