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Unit Corporation | 2015 IPAA OGIS New York | Larry Pinkston | Page 7 of 11 | November 23, 2024

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toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "2015 IPAA OGIS New York" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
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Track Record of Reserve Growth7 0% 100% 200% 300% 400% 2005200620072008200920102011201220132014 0 30 60 90 120 150 180 2005200620072008200920102011201220132014(1)The Company uses the reserve replacem ent ratio as an indicator of the Company's ability to replenish annual production volumes and grow its proved reserves, including by acquisition, thereby providing some information on the sources of future production. It should be noted that the reserve replacement ratio is a stati stical indicator that has limitations. The ratio is limited because it typically varies widely based on the extent and timing of discoveries and proper ty acquisitions. Its predictive and comparative value is also limited for the same reasons. In addition, since the ratio does not imbed the cost or ti ming of future production of new reserves, it cannot be used as a measure of value creation. (2) 164% based on previous SEC reporting standards. Stable and consistent economic growth of oil and natural gas reserves of at least 150% of each year?s production 221% average annual production replacement over last 30 years Reserve growth driven by Oklahoma and Texas activity and a shift from vertical to horizontal / liquids-rich drilling Proved Reserves (MMBoe) Annual Reserve Replacement(1) Natural Gas Oil / NGLs 161% 171% 176% 202% 204% 261% 221% 186% Minimum Target: 150%164%(2)116 160 69 79 86 95 96 104 150 337% 113% 179