Slide 1: Supplemental Investor Information
Supplemental Investor Information March 2026
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that addres
Slide 3: Summary Update
Summary Update • Unit Drilling Company (UDC) sold to Cactus Drilling Company LLC for $120 million cash on October 1, 2025 • Included all BOSS & SCR rigs, UDC yards, and other ancillary equipment • Utilized NOL’s to mitigate cash taxes from gain on sale • Pre-close working capital less certain liabil
Slide 4: Unit Petroleum Company (UPC) Operating and Financial Highlights Trend
Unit Petroleum Company (UPC) Operating and Financial Highlights Trend 1Q25 2Q25 3Q25 4Q25 YTD (In thousands unless otherwise specified) Oil and Natural Gas: Revenue $ 28,387 $ 25,622 $ 23,550 $ 24,724 $ 102,283 Operating costs $ 10,063 $ 10,451 $ 11,054 $ 11,283 $ 42,851 Average oil price ($/Bbl) $
Slide 5: Unit Petroleum Company (UPC) Highlights/Growth Opportunities
Unit Petroleum Company (UPC) Highlights/Growth Opportunities • Total ownership covers approximately 150,000 net acres in the Anadarko Basin • Depending on future market conditions, capital expenditures are expected to range from $16.5 million to $27.5 million per year, equivalent to approximately 1.
Slide 6: Cherokee Shale Map
Cherokee Shale Map • Green shaded area shows Cherokee Shale zone in Anadarko Basin of western Oklahoma • Black squares show acreage where Unit has an interest in oil and gas leases NYSE: UNT 6
Slide 7: Cherokee Shale
Cherokee Shale • Oil-rich zone with attractive initial flow rates on new wells • Over 15 rigs active in Oklahoma on Cherokee Shale wells • Unit owns approximately 18,000 net acres that are prospective for Cherokee Shale development • Participated in 44 gross, 2.1 net Cherokee Shale wells drilled to
Slide 8: Unit Petroleum Company Reserves at December 31, 2025
Unit Petroleum Company Reserves at December 31, 2025 The following table presents the components of the standardized measure of discounted future net cash flows: 2025 (In thousands) Future cash inflows $ 889,354 Future production costs $ (458,726) Future development costs $ (305) Future income tax e
Slide 9: Current Hedge Positions
Current Hedge Positions Weighted Average Term Commodity Contracted Volume Fixed Price for Swaps Contracted Market Natural gas - swap Jan'26 - Dec'26 5,000 MMBtu/day $4.22 IF - NYMEX (HH) Floating to fixed Natural gas - swap Feb'26 - Oct'26 5,000 MMBtu/day $4.22 IF - NYMEX (HH) Floating to fixed Natu
Slide 10: Contact
Contact Investor Relations, Unit Corporation https://unitcorp.com/investor-relations ir@unitcorp.com 918-493-7700 Rene Punch - 918-477-4404 rene.punch@unitcorp.com 10
Slide 11: Appendix
Appendix 1 Description Amount Standardized Measure 1 $214 million Discounted effect of future income tax expenses $31 million Pre-tax PV-10 value under SEC pricing 2 $245 million Impact of adjusting SEC pricing to forward strip pricing ($15 million) Pre-tax PV-10 value under forward strip pricing 3