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Unit Corporation
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March 2024 Investor Presentation
| Larry Pinkston | Page 3 of 11 |
May 20, 2024
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"March 2024 Investor Presentation"
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Investment Highlights • Established track record of returning value to shareholders • $7.50 per share of dividends paid in 202 • 2.47 million shares repurchased since 2020 bankruptcy emergence • 2024 Quarterly Dividends of $1.25 per share • Strong balance sheet as of December 1, 202 • $61 million of net cash & cash equivalents • No long-term debt • Reserves as of December 1, 202 1 • $27 million based on the SEC standardized measure • PDP PV-10: • $249 million based on SEC pricing • $248 million based on forward strip pricing • All 14 BOSS rigs contracted and operating in the Permian Basin • Substantial remaining tax shield of $244 million of NOL’s as of December 1, 202 • Final payment of $8 million from sale of Superior to be received in April 2024 1 See Appendix 2 for reconciliation of reserve values to standardized measure