Unit Petroleum Co.

Activity Highlights

An Anadarko Basin horizontal well by Unit Petroleum Co. was tested flowing 298 bbl of 41-degree-gravity oil, 545 Mcf of gas and 1.624 Mbbl of water per day from Cherokee. The Thomas South Field completion, #1H-19 Schrock, is in Section 20-14n-14w…

A Unit Petroleum Co. horizontal Des Moines Granite Wash well was completed in Section 68, Block M-1, H&GN Survey, A-1116, in Hemphill County (RRC Dist. 10), Texas. The #2 H Meek 6814 XL was tested flowing 6.65 MMcf of gas and 5.024 Mbbl…

A long-reach horizontal Marchand producer was reported by Unit Petroleum Co. in Caddo County Okla. The Gracemont East Field well, #1HXL 5-D 13/12, is in Section 18-8n-9w. It was tested flowing 706 bbl of 40-degree-gravity oil, 358 Mcf of gas and…

A Unit Petroleum Co. horizontal well was tested flowing 9.43 MMcf of gas and 4.295 Mbbl of water per day from Helper (Des Moines) Granite Wash. Production at #5H Carr 1357 WXL is from a fracture-stimulated perforations at 13,424-20,495 ft and a…

An extended-reach horizontal well in Buffalo Wallow Field was reported by Unit Petroleum Co. The discovery, #3H Francis 5713 EXL, is in Section 58, Block M-1, H&GN Survey, A-1381, in Hemphill County (RRC Dist. 10), Texas. The well flowed…

News

High-volume Wolfcamp and Bone Spring completions by Occidental in the Permian plus exploration permits offshore Newfoundland top this…

Transactions

Report Date Amount (MM) Description
2018-03-28

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2017-08-23

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2016-05-13

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2014-08-21

Unit Petroleum Co.

Unit Petroleum Co.

Report Date Amount (MM) Description
2012-07-11 $617.00

Unit Buys Assets From Noble

Unit Buys Assets From Noble

About

Unit Petroleum Co. is a wholly owned subsidiary of Unit Corp. Unit Petroleum was created in 1979 with an initial reserve base of 2 Bcfe.

At Dec. 31, 2018, Unit owned 160 MMBoe of reserves, primarily in the Anadarko and Arkoma basins, and operated or owned an interest in more than 6,300 wells. Unit's reserves are 70% proved developed.

The company's strategy is to drill low-risk field extension or development wells on internally generated prospects. By focusing on oil and rich natural gas, this allows us to take advantage of the strengths of our existing assets. Our ability to develop prospects in our own backyard creates a promising investment opportunity.

Editor's note: Updated Oct. 11, 2019.

8200 South Unit Drive
Tulsa, OK 74132
United States

Main Phone Number