Unit Corporation Completes Acquisition (UNT, NBL)
[The acquisition includes approximately 84,000 net acres ]
Online PR News – 18-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. Units 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.
Crown Equity Holdings Inc. (CRWE) CRWE Tube, (www.crwetube.com) a video sharing site of CRWE, allows billions of people around the world to upload, watch and share original videos. With online videos continuing to experience explosive, viral growth and the web rapidly moving from text to video, businesses will need to adapt to the shift in video distribution technology or quickly become irrelevant to their consumers who anticipate seeing video everywhere online. CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com.
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