Unit Corporation (UNTC)

[Timothy Smith]

Unit Corporation Strategy:

Maximize value of Unit Drilling Company by improving market share and rig utilization while developing new markets.

Grow Unit Petroleum Company's reserve base by more than 150% of annual production with acquisition costs meeting or exceeding our economic parameters.

Grow Superior Pipeline through the construction of grass roots projects.

Maintain a conservative debt position while enhancing our financial strength.

Contract Drilling Strategy:

Provide high quality drilling equipment and premium service.
Retain key drilling personnel through consistent, maximized rig utilization.

Expand operational areas and rig fleet as appropriate.
Exploration and Production Strategy:

Focus on low-risk exploration and development drilling.
Drive reserve growth through drilling internally generated prospects.

Add new reserves in excess of 150% of annual production.
Stay alert for opportunistic acquisitions.

Superior Pipeline Strategy:

Focus on the acquisition, management and enhancement of existing gas systems.

Grow the company through the construction and operation of start-up, or "grass roots" projects.