Unit Corporation Completes Acquisition (UNT, NBL)

[The acquisition includes approximately 84,000 net acres ]

Online PR News – 19-September-2012 – Las Vegas, NV – Unit Corporation (NYSE:UNT) Noble Energy, Inc. (NYSE:NBL) UNT reported today that its wholly owned subsidiary, Unit Petroleum Company (“Unit Petroleum”), has closed on the previously announced agreement to acquire certain oil and natural gas assets from NBL. The acquisition includes approximately 84,000 net acres primarily in the Granite Wash, Cleveland, and Marmaton plays in western Oklahoma and the Texas Panhandle. The amount paid at closing was $594.5 million. UNT is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and natural gas exploration, production, contract drilling and natural gas gathering and processing. Unit’s Common Stock is listed on the New York Stock Exchange under the symbol UNT. For more information about Unit Corporation, visit its website at www.unitcorp.com. NBL, an independent energy company, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the DJ Basin, Marcellus Shale, deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Its principal projects comprise onshore US projects located in the DJ Basin and Marcellus Shale; Galapagos project located in the deepwater Gulf of Mexico; Tamar project located in the offshore Israel; and Aseng and Alen projects located in the offshore Equatorial Guinea. As of December 31, 2011, NBL had 1.2 billion barrels oil equivalent reserves. For more information about Noble Energy, Inc. visit www.nobleenergyinc.com.

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