Divestiture • Oil/Gas Exploration

Cactus Drilling Acquires Unit Drilling

On October 2, 2025, Cactus Drilling acquired oil/gas exploration company Unit Drilling for 120M USD

Acquisition Context

This is Cactus Drilling’s 1st transaction in the Oil/Gas Exploration sector.
This is Cactus Drilling’s largest (disclosed) transaction.
This is Cactus Drilling’s 1st transaction in the United States.
This is Cactus Drilling’s 1st transaction in Oklahoma.

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M&A Deal Summary
Date	October 2, 2025
Target	Unit Drilling
Sector	Oil/Gas Exploration
Buyer(s)	Cactus Drilling
Deal Type	Divestiture
Deal Value	120M USD

Target Company

Unit Drilling

Tulsa, Oklahoma, United States

Unit Drilling offers super-spec, pad-optimal rigs with crews. Unit Drilling was founded in 1963 and is based in Tulsa, Oklahoma.

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Buyer Overview 1

Buyer

Cactus Drilling

Oklahoma, Oklahoma, United States

Category	Company
Founded	2002
Sector	Oil/Gas Exploration

DESCRIPTION

Cactus Drilling is a privately held domestic land drilling contractor that operates a fleet of high?specification drilling rigs. Cactus Drilling was founded in 2002 and is based in Oklahoma, Oklahoma.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Divestiture	1 of 1
State: Oklahoma	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1
Size (of disclosed)	1 of 1

Explore Related M&A Activity

Oil/Gas Exploration M&A - Divestiture M&A Deals - Oklahoma M&A - United States M&A - 2025 M&A