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Unit Restarts Granite Wash Ops; Adds Rig for Q4, Full Year 2017
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Unit Corp. reported its financial and operational results for the third quarter 2016.
Key Points:Rig Additions
Granite Wash: In December, the company will add a Unit drilling rig and initiate an extended lateral Granite Wash drilling program in the Buffalo Wallow field. Current plans are to run this drilling rig for all of 2017. SOHOT: The company added a Unit drilling rig in late October to drill two horizontal Marchand oil wells within the SOHOT area in the fourth quarter of this year. After drilling these two wells, the drilling rig will be released for three to four months. Highlights: To date, the contract drilling segment increased the number of drilling rigs in service from a low of 13 to 20, a 54% increase. Average drilling rig utilization increased 19% quarter over…- ✓ Full news archive — U.S., Canada & international coverage
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