What happened unit drilling?
Tulsa, Oklahoma-based Unit Corp. has filed for Chapter 11 bankruptcy to pursue a reorganization that will reduce its debt obligations by more than $650 million, according to a statement from the company. Unit expects to operate normally during the process and without disruption to its vendors, customers, or partners.
Is UNIT CORP going out of business?
Tulsa, Oklahoma-based Unit Corp. has come out of bankruptcy after more than 100 days in Houston’s court. Unit issued 12 million shares of new common stock, according to the release. Former noteholders picked up 95% of the company in the deal, with the remaining 5% going to the lenders behind the exit facility.
What does Unit corporation do?
Unit Corporation is a diversified energy company engaged through its subsidiaries in the production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas.
Who bought Unit Petroleum?
One of Tulsa’s largest Class A office buildings has a new owner. Locally based Transformation Church has purchased the Unit Corporation building, 8200 S. Unit Drive, for $35 million.
Who bought Unit Corp?
Transformation Church
Transformation Church buys Unit Corp. headquarters in Tulsa for $35 million.
What building is Transformation Church in?
Tammy McQuarters is executive pastor of operations for Transformation Church. Church services and other social activities will remain at the former Spirit Bank Event Center in Bixby, where Transformation Church is currently located.
Does the pastor own the church building?
If the pastor owns the building and the corporation is leasing it from him, the pastor still owns the building. Ideally, the congregation owns the building, and the membership elects the board of the congregation.
Do pastors have authority?
It is important to understand that no pastor has authority outside of the Word of God. But he also is charged to present biblical truth with authority, commanding God’s people to hear, believe, and obey God’s Word.
Who is the owner of the church according to the Bible?
Conclusion. Though many people have the misconception that the church is a physical building of worship, the church is actually the people of Christ. It is ruled by the head of Christ Jesus, who directs His will through His people.
Who is Minister Michael Todd?
Pastor Michael Todd Transformation Church Michael is the lead pastor of Transformation Church based in Tulsa, Oklahoma. He was appointed as senior pastor by Bishop Gary McIntosh on February 2015. His wife Natalie is the co-lead pastor at the Church.