Operational Updates
Unit Corporation Reports 2012 Granite Wash First Quarter Results
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Oil And Natural Gas Segment Information
First quarter 2012 production was 3.3 MMBoe, an increase of 20% over the first quarter 2011. 42% of first quarter 2012 production was oil and NGLs compared to 38% for the first quarter of 2011. Production guidance for 2012 is 13.2 to 13.5 MMBoe, an increase of 9% to 12% over 2011.First quarter 2012 oil production was 720,000 barrels, in comparison to 556,000 barrels for the same period of 2011, an increase of 30%. NGLs production during the first quarter of 2012 was 656,000 barrels, an increase of 37% when compared to 478,000 barrels for the same period of 2011. First quarter 2012 natural gas production increased 11% to 11.4 billion cubic feet (Bcf) compared to 10.2 Bcf for the comparable quarter of 2011. First quarter 2012 production averaged…
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