Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Whiting Pivots to Bakken ONLY; Selling DJ Basin Asset
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Whiting today provided the following 2018 development plan. The plan will see the company focus exclusively all new drilling on the Willision Basin. The company will complete the DUCs in the DJ Basin / Redtail Asset.
During its call with Analyst today, the company provided the following color on the Redtail Asset.
"We are exploring the monetization of Redtail and have retained an advisor to manage the process. Our Redtail team did a superb job putting 25 wells on production during the quarter. That's a well every 3.5 days. This is reflected in a strong production profile that has continued to grow into the first quarter. Though we believe there are many opportunities that can deliver strong returns at Redtail, it does not currently compete with our Bakken assets. It may benefit from…
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