Unit Closes Acquisition Of Brighton Energy

Unit Petroleum Co., a subsidiary of Unit Corp., Tulsa, Okla., (NYSE: UNT) has acquired privately owned Tulsa-based Brighton Energy LLC for approximately $67 million in cash. Brighton's assets are in the Anadarko and Gulf Coast basins of Oklahoma, Texas and Louisiana, with additional reserves in Arkansas, Kansas, Montana, North Dakota and Wyoming. Unit will acquire all of the assets outside of the southeastern Arkoma Basin, which have been sold to an undisclosed company. Production is 5 million cubic feet of gas equivalent per day and proved reserves are approximately 27 billion cubic feet equivalent (78% gas, 67% proved developed).