<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, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 6,339 <SECURITIES> 0 <RECEIVABLES> 49,460<F1> <ALLOWANCES> 328 <INVENTORY> 1,361 <CURRENT-ASSETS> 57,092 <PP&E> 134,694 <DEPRECIATION> 13,598 <TOTAL-ASSETS> 187,166 <CURRENT-LIABILITIES> 59,230 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 66 <OTHER-SE> 43,076 <TOTAL-LIABILITY-AND-EQUITY> 187,166 <SALES> 0 <TOTAL-REVENUES> 145,694 <CGS> 133,853 <TOTAL-COSTS> 147,519 <OTHER-EXPENSES> 8,269 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,229 <INCOME-PRETAX> 2,215 <INCOME-TAX> 864 <INCOME-CONTINUING> 1,351 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,351 <EPS-PRIMARY> .21 <EPS-DILUTED> .21 <FN> <F1>ACCOUNTS RECEIVABLE IS PRESENTED NET IN THE CONSOLIDATED CONDENSED BALANCE SHEET. </FN>