Operational Updates
Unit Corporation Reports Increased NGL Production;
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OIL AND NATURAL GAS SEGMENT INFORMATION
Second quarter 2012 production was 3.3 MMBoe, an increase of 12% over the second quarter 2011. 44% of second quarter 2012 production was oil and NGLs compared to 39% for the second quarter of 2011. Production guidance for 2012, excluding the impact of acquisitions, is 13.2 to 13.5 MMBoe, an increase of 9% to 12% over 2011. Unit has drilled a significant multi-zone, deeper Wilcox field discovery located in Polk County, Texas.The second quarter marks the tenth consecutive quarter that liquids (oil and NGLs) production has increased. Unit's strategy of drilling oil or NGLs rich wells is evident in its production results. Liquids production represented 44% and 42% of total equivalent production during the second and first quarters of 2012…
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