UNIT CORPORATION Investor Presentation
Unit Petroleum Company
Producing Properties
~147,500 net developed acres
20,000
NET PRODUCTION
(EXCLUDES SOLD WELLS)
in Anadarko Basin
• Modest production decline rate
4,623 wells (~788 net wells)
• Low water production
•
Optimize production and operating costs
BOEPD
15,000
10,000
5,000
0
Sep
Nove
Jan
Mar
May
July
2021
Sep
ΛΟΝ
Mar
May
July
2022
ΛΟΝ
Perform workovers, recompletions or return-to-production to increase
production
Anticipated workover and maintenance spend of $4 million per year
Reduce plugging and abandoning liability
• Current salvaged equipment pricing creates an opportunity for more economic
plugging and abandoning of wells
Anticipate plugging and abandoning spend of $1 million per year
• Continued focus on environmental impact and safe operations
UNIT CORPORATION
Mar
May
July
Sep
Nov
2023
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