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Tulsa, Okla.-based Unit Corp. buys Strata Drilling subsidiary.
By Adam Wilmoth, The Daily Oklahoman Knight Ridder/Tribune Business News
Jan. 6--Oklahoma's drilling rig shortage could see a modest improvement soon because of Unit Corp.'s latest acquisition and construction plans, the company said Wednesday.
The Tulsa-based drilling company said it has completed its purchase of a subsidiary of Strata Drilling for $10.5 million. The deal includes one operational rig and a second rig expected to be operational by June, along with spare parts, inventory, drill pipe and other rig components, the company said.
Besides the purchase deal, Unit said it has completed construction of its own rig and plans to begin …
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