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Tuesday, April 12, 2011

Unit Corporation: To Add Rigs in North Dakota -- Bakken, North Dakota, USA

I am not sure if I understand Unit Corporation's corporate presentation and other information at its website but it sounds like the company plans to bring in 2 or 3 of its rigs to operate its holdings (12,750 net acres) in the Bakken.

Unit Corporation is the fifth largest deep onshore driller. It is a contract driller, as well as having its own production, if I understand the presentation correctly. Its market cap is $3 billion.

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