Exploration & Production | Service & Supply | Midstream - Transportation & Pipelines | Reserves | Financial Results | Capital Markets | Capital Expenditure | Drilling Program
Unit Corp. Drops From 10 Rigs to 4
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Unit Corporation has reported its financial and operational results for the fourth quarter and year end 2014.
Record consolidated revenues of $1.6 billion Record proved reserves of 1.1 Tcfe (179.0 MMBoe), a 12% increase over 2013 Record annual production of 18.3 MMBoe, a 9% increase over 2013 Record annual average dayrate of $20,043 Successfully initiated the BOSS drilling program by placing three BOSS rigs into service and obtaining long-term contracts for an additional five Record natural gas gathered, processed and natural gas liquids sold volumes per day with each increasing 3%, 15% and 35%, respectively, over 2013 2015 Capital Expenditure BudgetUnit reduced its operating segment capital expenditures budget for 2015 by 52% compared to 2014, excluding acquisitions and asset…
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