Item 2.02 Results of Operations and Financial Condition.

On July 13, 2021, Unit Corporation (the "Company") issued a press release announcing that as of June 30, 2021, the Company's long-term debt was $35 million. The Company has not finalized its financial statements for the quarter ended June 30, 2021, including all disclosures required by Generally Accepted Accounting Principles in the United States, and Grant Thornton has not reviewed, compiled, or performed any procedures with respect to the Company's long-term debt. Accordingly, the foregoing estimate of the Company's long-term debt as of and for the quarter ended June 30, 2021 is subject to change.

Item 7.01 Regulation FD Disclosure.

The board of directors of the Company has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market purchases, privately negotiated transactions, or other available means. Repurchases will be made from time to time at the Company's discretion depending on market conditions, share price and availability, and other factors. The Company intends to fund repurchases from available liquidity. The Company has no obligation to repurchase any shares under the repurchase program and may suspend or discontinue it at any time without prior notice.

The information contained in this report, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for any purposes, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

The press release furnished as an exhibit to this report contains forward-looking statements within the meaning of the Securities Act and the Exchange Act. Those forward-looking statements are subject to certain risks and uncertainties, as disclosed by the Company in its filings with the Securities and Exchange Commission. Because of these risks, the Company's actual results may differ materially from those indicated or implied by the forward-looking statements. Except as required by law, we disclaim any obligation to publicly update or revise forward looking statements after the date of this report to conform them to actual results.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

 Exhibit Number                                      Description
99.1                Press Release dated July 13, 2021.

104               Cover Page Interactive Data File (embedded within the Inline XBRL document).












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