Unit Corporation Announces Board Re-Balancing

TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTCQX: UNTC) (Company) announced today that Steven B. Hildebrand has informed the board that he will not stand for re-election at the 2025 annual meeting of stockholders. In order to keep the mandate in the Company’s charter that the Group 1 class of Directors and the Group 2 class of Directors will consist as nearly as possible of one-half of the total number of directors, the board has accepted the resignation of Alan J. Carr as a Group 2 Director and appointed him to fill the existing vacancy in the Group 1 Directors, resulting in two directors serving as Group 1 Directors and three directors serving as Group 2 Directors. Group 1 Directors will be up for election at the 2025 annual meeting of stockholders.

About Unit Corporation

Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas production and contract drilling. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.