Unit Operations

US Operations Wilcox Granite_Wash Mississippian Hoxbar


Bakken Shale

Wilcox (Southeast Texas)

  • Overall Wilcox Highlights
  • Drilled 168 operated wells since 2003
  • (158 vertical, 10 horizontal)
  • Program ROR > 80%
  • Operated with working interest ~ 92%
  • Production: ~ 110 MMcfe/d (42% liquids)
  • Running one rig
  • Gilly Field – World Class Gas Reservoir
  • 500 Bcfe stacked pay gas resource
  • Cumulative production ~ 115 Bcfe
  • Average EUR of 10-20 Bcfe per well
  • Typical well cost ~ $6 MM
  • ROR > 100%
  • Future Growth
  • Over 80 stacked pay recompletion and workover opportunities in existing wells
  • Drill exploratory prospects with large upside
  • Build horizontal well inventory in existing fields

 

SOHOT

Hoxbar (Marchand Sand)

  • Hoxbar Marchand Core Area
  • EUR ~ 540 MBoe
  • Well cost ~ $5.2 MM
  • 80% liquids (63% oil)
  • ~22,600 net acres (64% HBP)
  • ~40 locations with average working interest of 50-60%
  • ROR1 ~112%
  • Running one rig
  • Future Growth
  • Extended laterals in both Marchand and Medrano
  • Secondary recovery in Marchand provides upside potential

1 - 04/02/2018 Strip Price Deck with 1st Production Starting 04/01/2018;
See Q1 2018 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports/html).