Management at Tulsa’s Unit Corporation are seeking new investors in the company.
They plan to make a presentation Wednesday, June 5 at the Banker of America Merrill Lynch 2019 Energy Credit Conference in New York.
it will be broadcast live over the Internet at 6:30 a.m. Central time and listeners will be able to access the webcast via the company’s website, www.unitcorp.com.
The presentation comes after the company reported a first quarter 2019 loss of $3.5 million or 7 cents a diluted share. In the first quarter of 2018, the company reported net income of $7.9 million.
In the first quarter of this year, Unit acquired another 8,200 acres for nearly $8 million adding 19 prospective controlled horizontal drilling sites. Unit has four operated drilling rigs in Western Oklahoma’s Granite Wash play.