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Whiting Sees Well IPs Jump; Credits Enhanced Completions
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Whiting Petroleum Corp.’s production in the second quarter 2015 totaled 15.5 million barrels of oil equivalent (MMBOE), 89% crude oil/natural gas liquids (NGLs).
Second quarter 2015 production averaged 170,245 barrels of oil equivalent per day (BOE/d). This represents a 2% increase over the first quarter 2015 despite non-core property sales of 8,300 BOE/d.
Highlights: Record Q2 2015 Production of 170,245 BOE/d, a 2% Increase over Q1 2015; Exceeds High End of Guidance Despite 8,300 BOE/d Property Sales Adjusted Net Income of $9.2 Million or $0.04 per Diluted Share Q2 2015 Discretionary Cash Flow Totals $380.7 Million, a 53% Increase Over Q1 2015 Enhanced Completions Deliver 40% to 50% Production Increases Across Multiple Williston Basin Areas; Enhanced Completion Dunn County Well Tests at…- ✓ Full news archive — U.S., Canada & international coverage
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