Unit Corporation - EnerCom, Inc.

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Capital Allocation Criteria Oil and Natural Gas Segment Minimum 15% risk-adjusted ROR for new well proposals Contract Drilling Segment New build rigs – minimum contract term of 2 to 3 years at a day rate sufficient to provide a 100% cash on cash payout during a 3 year term Rig Refurbishments – minimum contract term sufficient to provide a 100% cash on cash payout during the initial term Midstream Segment Minimum 25% risk-adjusted ROR for POP/POI projects Minimum 15% risk-adjusted ROR for Fee Based projects 4
Core Upstream Producing Areas Marmaton Marmaton Mississippian Granite Wash Wilcox Beginning in late 2008, implemented strategy of increasing focus on liquids-rich and oil prospects – Forecast 43% liquids production for 2013 Key focus areas include: – Granite Wash (Texas Panhandle) – Marmaton (Oklahoma Panhandle oil play) – Wilcox (Gulf Coast) – Mississippian (Kansas) 2012 reserves of 150 MMBoe were 62% natural gas and 79% proved developed – Reserve life of approximately 10 years 2012 Proved Reserves Q1 2013 Daily Production NGL 23% NGL 20% Oil 15% Gas 62% Oil 20% Gas 60% 5 Proved Reserves: 150 MMBoe Daily Production: 44.1 MBoe/d
Page 1 and 2: EnerCom’s London Oil & Gas Confer
Page 3: Key Growth Points • Exploration &
Page 7 and 8: Increasing Production while Improvi
Page 9 and 10: Marmaton Oil Play Total 113,000 ne
Page 11 and 12: Mississippian Play Central Kansas U
Page 13 and 14: Margins / DayRates ($) $20,000 90 A
Page 15 and 16: Introducing the New BOSS Drilling R
Page 17 and 18: Historical Performance Historical D
Page 19 and 20: Balance Sheet Summary Total Assets
Page 21 and 22: Hedges Target 50-70% of current ye
Page 23 and 24: Adjusted Earnings per Share (1) $7.
Page 25 and 26: Forward-Looking Statement This pres
Page 27: Reconciliation of Adjusted Net Inco

Unit Corporation - EnerCom, Inc.

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