Exploration & Production
Whiting Sees Excellent Results Using Coiled Tubing Completion
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Whiting Petroleum Corporation’s production in the first quarter of 2014 totaled 9.0 million barrels of oil equivalent (MMBOE), of which 88% was crude oil/natural gas liquids (NGLs).
This first quarter 2014 production total equates to an average production rate of 100,065 barrels of oil equivalent per day (BOE/d) and produced record discretionary cash flow for the quarter.
James J. Volker, Whiting’s Chairman and CEO, commented: "Our North Dakota, Colorado and Texas teams overcame one of the most severe winters on record so that we met all of our guidance numbers in the first quarter. Recently, at our Missouri Breaks field our new completion design that better isolates the perforations to fracture the reservoir produced an initial production rate from the newest well 40% to 70% higher than…
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