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UNIT CORPORATION REPORTS PROFITS FOR YEAR

 UNIT CORPORATION REPORTS PROFITS FOR YEAR
 TULSA, Okla., Feb. 27 /PRNewswire/ - Unit Corp. (NYSE: UNT)


reported today a net income of $4,341,000, or $.21 per share, for the year ending Dec. 31, 1991, as compared to 1990's net income of $830,000, or $.04 per share. A substantial portion of the improvement is attributable to a $2,113,000 settlement received during the first quarter over a natural gas contract dispute.
 Total revenues for 1991 were $70,308,000, a 13 percent increase over revenues of $62,436,000 for 1990. Growth in the company's natural gas marketing segment accounted for the increased revenues.
 Fourth quarter net income of $423,000 in 1991 compared to $810,000 in 1990. During the fourth quarter of 1991 a $600,000 non-cash write- down in the carrying value of retired drilling equipment was taken.
 Unit also announced that the company replaced 295 percent of its 1991 oil and natural gas production. This represents the eighth consecutive year the company has replaced in excess of 150 percent of its annual production.
 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 Twelve Months Ended
 Dec. 31 Dec. 31
 (In thousands except per share amounts)
 1991 1990 1991 1990
 Revenues $ 21,060 $ 20,009 $ 70,308 $ 62,436
 Income Before
 Extraordinary Item $ 246 $ 590 $ 2,919 $ 610
 Net Income $ 423 $ 810 $ 4,341 $ 830
 Income Per Share
 Before Extraordinary
 Item $ .01 $ .03 $ .14 $ .03
 Net Income Per Share $ .02 $ .04 $ .21 $ .04
 Weighted Average Common
 Shares Outstanding
 (Both Primary and
 Fully Diluted) 20,715 20,684 20,713 20,679
 -0- 2/27/92
 /CONTACT: Larry D. Pinkston of Unit Corp., 918-493-7700/
 (UNT) CO: Unit Corp. ST: Oklahoma IN: OIL SU: ERN


RF -- SF003 -- 3325 02/27/92 14:07 EST
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Date:Feb 27, 1992
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