Unit Operations

US Operations Wilcox Granite_Wash Mississippian Hoxbar


Bakken Shale

Wilcox (Southeast Texas)

  • Overall Wilcox Highlights
  • Drilled 157 operated wells since 2003
    • (150 vertical, 7 horizontal)
  • Program ROR > 100%
  • Operated with working interest ~ 92%
  • Production: ~ 90 MMcfe/d (42% liquids)
  • Resumed drilling activity in Jan. 2017
  • Gilly Field – World Class Gas Reservoir
  • 500 Bcfe stacked pay gas resource
  • Cumulative production ~ 94 Bcfe
  • Average EUR of 10-20 Bcfe per well
  • Typical well cost ~ $6 MM
  • ROR > 100%
  • Future Growth
  • Over 100 stacked pay recompletions and workovers to do in existing wells
  • Two exploration areas to test in 2017
  • Generating new exploration ideas using 165 square miles of 3-D data

 

SOHOT

Hoxbar (Marchand Sand)

  • Hoxbar Marchand Core Area
  • EUR ~ 550 MBoe
  • Well cost ~ $5.0 MM
  • 83% liquids (68% oil)
  • 55-65 locations with average working interest of 40-45%
  • Working interest will increase through poolings
  • ROR1 > 100%
  • Resumed drilling in Q4 2016
  • Seven wells planned for 2017
  • Future Growth
  • Seeking approval from OCC to drill Hoxbar extended laterals
  • Kicked off waterflood feasibility study in Q4 2016
  • Waterflood offers a significant upside potential

1 - 2/1/2017 Strip Price Deck with 1st Production Starting 1/1/2017;
See Q1 2017 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports/html).