Wilcox (Southeast Texas)

• Overall Wilcox Highlights
• Drilled 170 operated wells since 2003
  
• (160 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%

• 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 exporatory prospect ideas
• Conventional over-pressured reservoirs provide homerun potential at low acreage costs

 

Hoxbar (Marchand Sand)

• Hoxbar Marchand Core Area
• EUR ~ 24 MBoe
• Well cost ~ $5.4 MM
• 83% liquids (63% oil)
• ~23,000 contiguous net acres (65% HBP)
• ~40 to 50 locations with average working interest of 50-70%
• ROR¹ ~119%
• Running one rig

• Future Growth
• Incremental optimization of drilling and completion process has kept cost low without sacrificing EUR
• Extended laterals improving capital efficiency

1 - 05/01/2018 Strip Price Deck with 1st Production Starting 05/01/2018;
See Q2 2018 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports/html).