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MCS - Unit continues Red Fork success, expands Penn Sands position - August 28, 2019

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To take advantage the best economics in its portfolio, Unit Corp. accelerated drilling in its oil-prone Penn Sands play in western Oklahoma during Q2. The focus was on the Thomas Red Fork, where the company’s initial well has produced a cumulative 440,000 boe (52% oil, 22% NGLs) since it was completed last September 2018. The well originally delivered an IP30 of 2,000 boe/d and is now averaging 600 boe/d. During Q2 and early July,......
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