Exploration & Production | Rig Count | Quarterly / Earnings Reports | Drilling Contractor
Unit Corp. Looks to Up Rig Count in Wilcox, Granite Wash
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Unit Corp. has reported a Q2 update on its Wilcox and Granite Wash operations.
WilcoxThe Wilcox play in southeast Texas continues to produce strong results with average daily production for the quarter increasing approximately 9% and 17% compared to the first quarter 2013 and the second quarter 2012, respectively. This increase was primarily the result of two new vertical well completions and several significant behind pipe recompletions in previously drilled wells.
Unit anticipates this production momentum will continue into the third quarter.
In the "Gilly" Lower Wilcox field, at the end of the second quarter the resource potential increased approximately 31% compared to year end to 302 gross Bcfe (220 net Bcfe), primarily because of data obtained from drilling and testing new wells…
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