Wilcox (Southeast Texas)

• Overall Wilcox Highlights
• Drilled 177 operated wells since 2003
  
• (166 vertical, 11 horizontal)
• Program ROR > 81%
• Operated with working interest ~ 91%
• Production: ~ 80 MMcfe/d (36% liquids)

• Gilly Field – Wet Gas Reservoir
• 400 Bcfe stacked pay gas resource
• Cumulative production ~ 135 Bcfe
• Average EUR of 10-20 Bcfe per well
• Typical well cost ~ $5 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

Hoxbar (Marchand Sand)

• Hoxbar Marchand Core Area (5,000' Lateral)
• EUR ~ 568 MBoe
• Well cost ~ $4.7 MM
• 76% liquids (63% oil)
• ~31,000 contiguous net acres (84% HBP)
• ~40 to 50 locations with average working interest of 89%
• ROR¹ 73%

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

1 - 11/1/2019 Price Deck with 1st Production Starting 1/1/2020;
See Q4 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 ~ 1,890 MBoe
• Well cost ~ $8.0 MM
• 63% 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 ~104%

• Operations
• Participating in ~60 non-op wells in 2019
• Dry gas delayed until gas margins and take away capacity improves

1 - 11/1/2019 Price Deck with 1st Production Starting 1/1/2020;
See Q4 2019 Economic Prices in Appendix  of current Corporate Presentation (available at www.unitcorp.com/investor/reports.html).

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