Unit Corporation announced that its operating segment capital expenditures budget for 2014 is $928 million, a 26% increase over estimated 2013 capital expenditures. The capital expenditures budget is allocated among Unit's three business segments with $718 million for its oil and natural gas segment, $132 million for its contract drilling segment, and $78 million for its midstream segment. The capital expenditures budget does not include costs for acquisitions.

This budget is based on realized prices for the year averaging $90.08 per barrel of oil, $29.45 per barrel of natural gas liquids, and $3.77 per thousand cubic feet of natural gas.