9 Jan 2007drilling progress report▲ GoodMajor
Unit announced its 2007 capital budgets: Unit Petroleum $326 million excluding acquisitions ($280 million for drilling), up 35% on estimated 2006, with 270 wells planned (up 11%). Unit Drilling budgeted $131 million (down 25%) after ending 2006 with a record 117 rigs, and Superior Pipeline budgeted $25 million. In 2006, 214 of 244 completed wells were producers (88%).