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Whiting Ups Drilling Plans; Flush With New Capital
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Whiting’s 2016 second quarter results.
Highlights: Whiting has entered into a new 30-well participation agreement "DrillCo" in its Pronghorn area of the Williston Basin. Adding Rig in October, plan to complete 12.5 net wells from the DUC inventory. Adding 16 Williston Basin Completions in Second Half of 2016 and adding one rig. Map of AreaProduction in the second quarter 2016 totaled 12.2 million barrels of oil equivalent (MMBOE), an average of 134,245 barrels of oil equivalent per day (BOE/d), which was comprised of 85% crude oil/natural gas liquids (NGLs).
PartnershipIn late June, the company recommenced operations in the Williston Basin in connection with the 44-well participation agreement announced in its first quarter results press release.
Whiting has entered into a new…
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