Unit Corporation - EnerCom, Inc.
Unit Corporation - EnerCom, Inc.
Unit Corporation - EnerCom, Inc.
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Granite Wash Play<br />
Noble acquisition strategic fit with existing UPC<br />
leasehold<br />
Total 47,000 net acres in the Texas Panhandle Core<br />
Area (81% HBP)<br />
Approximately 800 potential drilling locations<br />
HIGHLIGHTS<br />
• Current AFE CWC: $5.3 MM<br />
• Estimated reserve range: 3.5 – 4.0 Bcfe<br />
• Calculated ROR = 49% - 70% (Flat $90 oil, $30 NGL, $3.25 gas)<br />
• First sales on 29 GW horizontal wells 2012<br />
GW Type Log - Buffalo Wallow Field<br />
11,000’ +/-200’<br />
• 2012 30-day average IP = 4.1 MMcfe per day<br />
• Production up 41% in 2012 over 2011<br />
2013 ACTIVITY<br />
• Q1 2013 = average net 88 MMcfe per day (46% oil & NGLs)<br />
• Q1 – 4 wells completed – 30 day IP = 4.7 MMcfe per day<br />
13,400’ +/-200’<br />
• 4-6 <strong>Unit</strong> rigs: First sales on 30 gross wells<br />
• Estimate capital expenditures $140 million net<br />
• First Noble well spud in Q2<br />
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