Unit Operations
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
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).