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Unit Strengthens Wilcox Production; Adds Four Hoxbar Oil Wells
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Unit Corporation reported its financial and operational results for the third quarter of 2015.
Key Points: Currently, two Unit drilling rigs are operating for this segment. One is operating in the Southern Oklahoma Hoxbar Oil Trend (SOHOT) and one is drilling in the Wilcox play. In the SOHOT area, four horizontal operated Hoxbar wells were completed during the third quarter with one well in the Marchand bench and three wells in the Medrano bench. In the Wilcox area, production for the quarter averaged 82 MMcfe per day (11% oil, 31% NGLs) which is a 32% increase over the third quarter of 2014, and an 18% increase over the second quarter 2015. The strong production growth is primarily a result of recent horizontal and vertical well completions For the quarter, total equivalent production…- ✓ Full news archive — U.S., Canada & international coverage
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