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Unit Petroleum Adds Arkoma Basin Assets To Portfolio

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August 31, 2011

Unit Petroleum Co., a subsidiary of Unit Corp., Tulsa, Okla., (NYSE: UNT) has closed its acquisition of substantially all of the Arkoma Basin oil and gas assets in Texas and Oklahoma held by Penn Virginia Corp., Radnor, Pa., (NYSE: PVA) for $30.5 million in cash.

The assets were held by Penn Virginia's subsidiaries Penn Virginia MC ...

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