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MCS - Unit grows oil volumes, lacks future drilling inventory - March 25, 2020
In an effort to increase the oil weighting of its production, Unit Corp. completed 14 wells in western Oklahoma during 2019 targeting the Marchand shale in the company’s Southern Oklahoma Hoxbar Oil Trend and the Red Fork farther north. These wells met or exceeded expectations and helped to increase oil volumes 15% YOY in Q4 to 9,423 bo/d. Total output was 273.9 MMcfe/d (21% oil, 27% NGLs) compared to 280.4 MMcfe/d (18% oil, 28%......
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