Investor Presentaiton
Unit Production Company
Reserves Update
The following table presents the components of the standardized measure of discounted future net cash flows:
2022
(In thousands)
Future cash inflows
Future production costs
$
2,918,116
(1,142,754)
Future development costs
Future income tax expenses
$
(1,724)
$
(355,350)
Future net cash flows
10% annual discount for estimated timing of cash flows
1,418,288
$
(633,263)
Standardized measure of discounted future net cash flows relating to proved oil, NGLs, and natural gas reserves
$
785,025
As of December 31, 2022:
•
SEC pricing PDP PV-10 value of $957 million¹
.
$93.67/bbl oil and $6.36/mcf gas based on first-of-month prices
•
7,681 MBO; 212 BCF; 20,132 MBNGL net reserve volume
Future revenue attributed 25% to oil, 27% to NGL and 48% to gas
•
Strip pricing PDP PV10 value of $585 million¹
•
•
$75.48/bbl oil and $4.69/mcf gas based on strip pricing as of 1/3/2023
7,125 MBO; 195 BCF; 18,802 MBNGL net reserve volume using strip pricing
Future revenue attributed 26% to oil, 29% to NGL and 45% to gas
1 See Appendix 2 for a reconciliation to the standardized measure
UNIT CORPORATION
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