Investor Presentaiton
Investment Highlights
Reserves as of December 31, 20221:
•
•
$785 million based on the SEC standardized measure
PDP PV-10:
$957 million based on SEC pricing
$585 million based on forward strip pricing
All 14 BOSS rigs are contracted and operating
Strong balance sheet as of December 31, 2022:
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$214 million of cash & cash equivalents
•
See note below regarding payment of January 2023 special dividend
No long-term debt, $35 million bank facility
Free cash flows supportive of both future shareholder returns and potential
development opportunities
Substantial tax shield: $331 million of NOL's as of December 31, 2022
Dividend policy
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Special dividend of $10 per share paid in January 2023, totaling $96 million
Quarterly variable dividend going forward, $2.50 per share in Q2 2023
Unit's ownership interest in Superior Pipeline Company, LLC (Superior) to be sold
for $20 million
1 See appendix for reconciliation of reserve values to standardized measure
UNIT CORPORATION
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