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UNIT CORP. ANNOUNCES NINTH STRAIGHT PROFITABLE QUARTER

 UNIT CORP. ANNOUNCES NINTH STRAIGHT PROFITABLE QUARTER
 TULSA, Okla., Nov. 9 /PRNewswire/ -- Unit Corp. (NYSE: UNT) announced today a 1992 third quarter net income of $771,000, 4 cents per share, as compared to a net income of $847,000, also 4 cents per share, for the third quarter of 1991.
 Total revenues for the three months ending Sept. 30, 1992, were $12,360,000 compared to $14,459,000 for the same quarter of 1991. The decrease in total revenue was the result of lower rig utilization in our contract drilling operations and reduced gas volumes in the company's natural gas marketing and processing operations during 1992.
 Unit Corp. is a Tulsa-based, publicly-held energy company engaged in oil and gas exploration, production, transportation and contract drilling. Unit's common shares are listed on the New York Stock Exchange under the symbol UNT.
 UNIT CORP.
 Three Months Ended Nine Months Ended
 Sept. 30 Sept. 30
 (In thousands except per share amounts)
 1992 1991 1992 1991
 Revenues $12,360 $14,459 $39,798 $49,248
 Income Before
 Extraordinary
 Item $ 546 $ 552 $ 941 $ 2,673
 Net Income $ 771 $ 847 $ 1,340 $ 3,918
 Income Per Share
 Before Extraordinary
 Item $ .03 $ .03 $ .05 $ .13
 Net Income
 Per Share $ .04 $ .04 $ .06 $ .19
 Weighted Average
 Common Shares
 Outstanding 20,783 20,715 20,781 20,712
 (Both Primary and Fully Diluted)
 -0- 11/9/92
 /CONTACT: Larry D. Pinkston, vice president, chief financial officer and treasurer of Unit Corp., 918-493-7700/
 (UNT) CO: Unit Corp. ST: Oklahoma IN: OIL SU: ERN


GT -- SF007 -- 8738 11/09/92 13:18 EST
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Date:Nov 9, 1992
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