UNIT CORPORATION Investor Presentation
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Investment Highlights
Established track record of returning value to shareholders
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$37.50 per share of dividends paid in 2023
2.47 million shares repurchased since 2020 bankruptcy emergence
2024 Quarterly Dividends of $1.25 per share
Strong balance sheet as of December 31, 2023
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$61 million of net cash & cash equivalents
No long-term debt
Reserves as of December 31, 2023¹
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$237 million based on the SEC standardized measure
PDP PV-10:
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$249 million based on SEC pricing
$248 million based on forward strip pricing
All 14 BOSS rigs contracted and operating in the Permian Basin
Substantial remaining tax shield of $244 million of NOL's as of December 31, 2023
Final payment of $8 million from sale of Superior to be received in April 2024
1 See Appendix 2 for reconciliation of reserve values to standardized measure
UNIT CORPORATION
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