<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the Consolidated Condensed Financial Statements of Unit Corporation and Subsidiaries under cover of Form 10-Q for the six months ended June 30, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000798949 <NAME> UNIT CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 634 <SECURITIES> 0 <RECEIVABLES> 12,629<F1> <ALLOWANCES> 0 <INVENTORY> 0<F2> <CURRENT-ASSETS> 16,834 <PP&E> 273,694 <DEPRECIATION> 170,558 <TOTAL-ASSETS> 120,123 <CURRENT-LIABILITIES> 14,702 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,360 <OTHER-SE> 58,582 <TOTAL-LIABILITY-AND-EQUITY> 120,123 <SALES> 0 <TOTAL-REVENUES> 32,978<F3> <CGS> 0 <TOTAL-COSTS> 24,754<F3> <OTHER-EXPENSES> 2,129 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,614 <INCOME-PRETAX> 4,481 <INCOME-TAX> 1,673 <INCOME-CONTINUING> 2,808 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,808 <EPS-PRIMARY> .13 <EPS-DILUTED> .13 <FN> <F1>Accounts Receivable is presented net in the Consolidated Condensed Balance Sheet. <F2>Inventory is presented as a portion of Other Current Assets in the Consolidated Condensed Balance Sheet. <F3>On April 1, 1995 the Company completed a business combination between the Company's natural gas marketing operations and a third party also involved in natural gas marketing activities forming a new company called GED Gas Services, L.L.C. ("GED"). The Company owns a 34 percent interest in GED. Effective November 1, 1995, GED sold its natural gas marketing operations to a third party. This sale removed the Company from the third party natural gas marketing business. The discontinuation of the Company's natural gas marketing segment has been accounted for as a discontinued operation and accordingly, the 1995 consolidated condensed financial information has been restated to reflect this treatment. </FN>