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Unit Extending Granite Wash Laterals; Plans Two-Rig Program for 2017
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Unit Corporation reported its financial and operational results for the second quarter 2016.
Key Points: Granite Wash: horizontal "C1" well was completed with an extended lateral of approximately 7,500 feet. The well, which is Unit's first extended lateral drilled in this field, is currently producing approximately 12.1 MMcfe per day consisting of 43% natural gas, 15% oil, and 42% NGLs. Unit anticipates beginning a one or two drilling rig extended lateral development program in the Buffalo Wallow field late in the fourth quarter of 2016 or early 2017. Highlights include: Record production of approximately 97 million cubic feet equivalent (MMcfe) per day in its Wilcox play, representing a 25% increase over the second quarter of 2015 and a 9% increase over the first quarter of…- ✓ Full news archive — U.S., Canada & international coverage
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