Unit Petroleum Company “UPC” is a wholly-owned subsidiary of Unit Corporation. UPC was created in 1979 and has grown its reserve base throughout the years by operating and owning wells in the Mid-Continent and Gulf Coast areas. UPC currently operates wells in three key areas of Oklahoma and Texas with a well-diversified mix of oil and natural gas. UPC’s ability to leverage its years of expertise in these key areas provides compelling value creation opportunities.
Western Oklahoma / Anadarko Basin
The Anadarko Basin is located in western Oklahoma, Texas panhandle, southeast Colorado and southwest Kansas and covers an area of approximately 70,000 square miles in size. The basin has abundant production history, developed infrastructure, and proven undeveloped hydrocarbon potential in multiple formations. Unit Petroleum’s activities are mostly located in the central and western counties of Oklahoma. Unit Petroleum has focused its operation activities to target the Pennsylvanian aged sandstones.
The Granite Wash is located in the southwest Anadarko Basin in the panhandle of Texas and western Oklahoma. The Granite Wash is a generic name for a series of stacked, largely granitic sediment deposits that range from the Pennsylvanian to the early Permian ages. The Granite Wash is a prolific producer with a liquids-rich natural gas component. Unit Petroleum’s activities are mostly located in the eastern counties of the Texas panhandle.
Gulf Coast / Wilcox
The onshore Upper Gulf Coast Wilcox trend parallels the Gulf of Mexico shoreline, is approximately 35 miles wide and extends from Mexico, through Texas and into Louisiana. Unit Petroleum’s core operations are focused in Polk, Tyler and Hardin counties lying northeast of Houston. Within these areas the total Wilcox section is more than 6,000 feet thick and is characterized by alternating sand and shale sequences. Unit Petroleum’s operations generally target stacked pay in the over-pressured section of the middle and lower Wilcox sandstones.
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