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Whiting Production Continues to Fall, Talks 2018 Plans
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Whiting reported its Q3 2017 results. Highlights from its release / call include:
Production down YOY: 114.35 MBOEPD (down -4% from 119.89 MBOEPD in Q3 2016) - Third quarter 2017 production was impacted by the Fort Berthold Indian Reservation (FBIR) asset sale and an unscheduled outage at a third-party gas processing plant.
The company provided some guidance on maintenace capex, somewhere in the region of $650 million for 126,000 boe/d.
2018DJ Basin/Redtail
The company intends to end the year with 40 DUCs in the redtail (DJ Basin) asset. Those wells will be completed in the first half of the year, which will grow DJ Basin production, however project is sell to fall in later part of the year for DJ asset. There are no rigs planned for the DJ Basin asset in 2018 baring an dramatic…
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