Wilcox (Southeast Texas)

• Overall Wilcox Highlights
• Drilled 164 operated wells since 2003
  
  • (155 vertical, 9 horizontal)
• Program ROR > 100%
• Operated with working interest ~ 92%
• Production: ~ 100 MMcfe/d (42% liquids)

• Gilly Field – World Class Gas Reservoir
• 500 Bcfe stacked pay gas resource
• Cumulative production ~ 100 Bcfe
• Average EUR of 10-20 Bcfe per well
• Typical well cost ~ $6 MM
• ROR > 100%

• Future Growth
• Over 100 stacked pay recompletion and workover opportunities in existing wells
• Drill exploratory prospects with large upside
• Build horizontal well inventory in existing fields

 

Hoxbar (Marchand Sand)

• Hoxbar Marchand Core Area
• EUR ~ 540 MBoe
• Well cost ~ $5.2 MM
• 80% liquids (63% oil)
• ~24,000 net acres (64% HBP)
• 50-60 locations with average working interest of 50-60%
• ROR¹ ~79%

• Future Growth
• Extended laterals (XL's)
• Secondary recovery in Marchand provides upside potential

1 - 09/19/2017 Strip Price Deck with 1st Production Starting 09/01/2017;
See Q3 2017 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports/html).