Unit Operations

US Operations Wilcox Granite_Wash Mississippian Hoxbar


Bakken Shale

Wilcox (Southeast Texas)

  • Overall Wilcox Highlights
  • Drilled 172 operated wells since 2003
  • (162 vertical, 11 horizontal)
  • Program ROR > 80%
  • Operated with working interest ~ 91%
  • Production: ~ 82 MMcfe/d (42% liquids)
  • Running one rig
  • Gilly Field – World Class 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 homerun potential at low acreage costs

 

SOHOT

Hoxbar (Marchand Sand)

  • Hoxbar Marchand Core Area
  • EUR ~ 622 MBoe
  • Well cost ~ $5.4 MM
  • 77% liquids (63% oil)
  • ~23,000 contiguous net acres (84% HBP)
  • ~40 to 50 locations with average working interest of 89%
  • ROR1 ~72%
  • 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 - 11/26/2018 Price Deck with 1st Production Starting 1/01/2019;
See Q4 2018 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports.html).