Unit Operations

US Operations Wilcox Granite_Wash Mississippian Hoxbar


Bakken Shale

Wilcox (Southeast Texas)

  • Overall Wilcox Highlights
  • Drilled 177 operated wells since 2003
  • (166 vertical, 11 horizontal)
  • Program ROR > 80%
  • Operated with working interest ~ 91%
  • Production: ~ 92 MMcfe/d (36% liquids)
  • Gilly Field – Wet Gas Reservoir
  • 400 Bcfe stacked pay gas resource
  • Cumulative production ~ 130 Bcfe
  • Average EUR of 10-20 Bcfe per well
  • Typical well cost ~ $6 MM
  • ROR > 100%
  • Unit's Competitive Advantages
  • Premium Gulf Coast pricing for oil and gas
  • Wet gas/condensate provides margin uplift
  • Large 3D seismic database provides consistent stream of exploratory prospect ideas
  • Conventional over-pressured reservoirs provide high potential at low acreage costs

 

SOHOT

 

SOHOT

Hoxbar (Marchand Sand)

  • Hoxbar Marchand Core Area (5,000' Lateral)
  • EUR ~ 596 MBoe
  • Well cost ~ $5.3 MM
  • 78% liquids (63% oil)
  • ~31,000 contiguous net acres (84% HBP)
  • ~40 to 50 locations with average working interest of 89%
  • ROR1 75%
  • Future Growth
  • Incremental optimization of drilling and completion process has kept cost low without sacrificing EUR
  • Extended laterals improving capital efficiency

1 - 7/2/2019 Price Deck with 1st Production Starting 7/1/2019;
See Q3 2019 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports.html).

 

STACK

  • Osage, Meramec and Woodford (Oil Window)
  • EUR ~ 1,698 MBoe
  • Well cost ~ $8.0 MM
  • 65% liquids
  • ~12,000 net acres in STACK core;
  • ~5,000 net acres in STACK Extension
  • 85% HBP
  • ~100 - 150 potenial locations with working interest of 40-60%
  • ROR1 ~111%
  • Operations
  • Participating in ~60 non-op wells in 2019
  • Dry gas delayed until gas margins and take away capacity improves

1 - 7/2/2019 Price Deck with 1st Production Starting 7/1/2019;
See Q3 2019 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports.html).

 

SOHOT

Granite Wash (Wet Gas Condensate Play)

  • Overall Highlights
  • 11 stacked Granite Wash sands present across acreage
  • 9,000 net contiguous acres
  • 90% HBP and operated
  • Average working interest ~90%
  • 100-150 potential XL locations
  • Operations/Infrastructure/Processing
  • Incremental process improvements continue to decrease drilling days
  • SWD network lowers disposal costs 80%
  • Water recycling pits lower frack costs
  • Electricity across field lowers lifting costs
  • Superior processes the gas improving cash margin