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Abstract
In an interview, Larry D. Pinkston, CEO of Unit Corp, talked about the strategy that drives his company. Unit has two primary segments, its oil and gas segment and its contract drilling rigs. They want to continue to grow both segments as they have done very dramatically over the last 10 years. They emphasize both of their segments very strongly and do not take preference over one segment or the other. They acquired about 14 billion cubic feet equivalent of reserves for $23.1 million -- a very good acquisition. The properties are scattered across several different areas in western Oklahoma, which fit in well with their existing areas of operation. Their stated goal is that they want to grow their oil and gas reserves by at least 150% of each year's production. They have done that each and every year for the last 21 years and foresee doing that for at least the next two or three years.