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APRIL 2015 PRESENTATION – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Apr 13, 2015 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation ENERGY + TECHNOLOGY = GROWTH A STRONGER COMPANY SET TO PROSPER AT CURRENT PRICES NYSE: WLL April 2015
  2. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 2
    Whiting Petroleum A Stronger Company Significant Fourth Quarter and Full Year 2014 Achievements 1) December 2014 Whiting Completes the Acquisition of Kodiak Making Whiting the Largest Bakken / Three Forks Producer in the Williston…
  3. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 3
    A Focused Company Whiting Petroleum Corporation is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and Williston Basin Bakken / Three Forks natural gas liquids primarily in…
  4. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 4
    Strong Production and Reserve Growth with an OilDriven Focus Reserves (MMBOE) Production (MBOE/D) 900 Whiting Whiting 780(1) 160 800 147 Kodiak Kodiak 140 700 123 606 120 600 474 100 97 500 586 112 400 385 80 72 94 439…
  5. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 5
    2.0 Billion Capital Budget in 2015 50% Decrease from Whiting+Kodiak Capex While Producing Expected 2015 Production Growth Undeveloped Facilities acreage 123 MM 59 MM Exploration(2) Northern Rockies 61 MM 961 MM 2015 CAPEX %…
  6. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 6
    Driving Value from the Sweet Spot Concentrated Acreage Position in Areas with 90Day Cumulative Production Per Well Greater Than 50 MBOE 811,737 net acres in Williston Basin 7,541 future gross drilling locations in the Bakken…
  7. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 7
    Exploiting the Bakken and Three Forks in the Williston Primary and Prospective Drilling Locations 14 WELLS 8 WELLS 15 WELLS 12 WELLS 16 WELLS 6 WELLS 4 WELLS 12 WELLS NYSE: WLL 8 Energy + Technology = Growth
  8. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 8
    Maximizing Recovery Efficiency(1) 2014 vs 2013 Shows the Following: 30% Increase IP, 31% Increase 30Day Rate, 28% Increase 60Day, 27% Increase 90Day 2,000 1,800 1,777 1,600 1,400 1,368 1,301 1,200 1,270 1,000 800…
  9. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 9
    Williston Basin Production Profile Per Well Results: 42% IRR at 55/Bbl NYMEX(1) 1,000 EUR - 700 MBOE(2) Nymex oil price/Bbl 55(3) 60(4) 70(5) CAPEX (MM)(6) 6.5 6.5 6.5 Daily Equivalent Production IRR (%) 42% 54% 82%…
  10. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 10
    Redtail Development Program Economic Sweet Spot (Weld County, Colorado) OBJECTIVE Niobrara A Shale Niobrara B Shale Niobrara C Shale Fort Hays/Codell DEVELOPMENT PLAN Mix of 960 and 640acre spacing units 6,685 potential…
  11. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 11
    Redtail Niobrara Production Profile Per Well Results: 30% IRR at 55/Bbl NYMEX(1)(2) 1000 EUR - 450 MBOE(3) Nymex oil price/Bbl 55 60 70 CAPEX (MM)(4) 4.5 4.5 4.5 Daily Equivalent Production IRR (%) 30% 39% 64% Payout…
  12. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 12
    Niobrara Natural Gas Processing Plants Redtail December 2014 Trailblazer REX to KC area hub to East OH hub Redtail Facilities Plan Trailblazer/REX Planned Gathering System Laterals Pony Express to Cushing,OK Gas Gathering…
  13. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 13
    OilFocused Strategy Delivers Consistently Strong Margins Consistently Delivering Strong EBITDA Margins (1) Oil 82.79/Bbl NGL 39.17/Bbl Gas 5.53/Mcf 73.88 76.76 73.38/BOE 80.00 69.85 70.00 61.48 Whiting Realized…
  14. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 14
    Whiting Petroleum A Stronger Company Significant Fourth Quarter and Full Year 2014 Achievements 1) December 2014 Whiting Completes the Acquisition of Kodiak Making Whiting the Largest Bakken / Three Forks Producer in the Williston…
  15. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 15
    APPENDIX NYSE: WLL 16 Energy + Technology = Growth
  16. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 16
    Guidance for Q1 and FullYear 2015 Guidance First Quarter Full-Year 2015 2015 Production (MMBOE) .................................................... 14.45 - 14.85 59.00 - 59.70 Lease operating expense per BOE…
  17. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 17
    Hedge Position 18% Hedged 2015; 21% Hedged 2016 Existing Crude Oil Hedge Positions(1) Weighted Average As a Percentage of Derivative Hedge Contracted Crude NYMEX Price December 2014 Instrument Period (Bbls per Month) (per Bbl) Oil…
  18. APRIL 2015 PRESENTATION – Whiting Petroleum Corp. – slide 18
    FixedPrice Contracts Existing FixedDifferential Crude Oil Sales Contracts(1) Differential Contracted Volume from NYMEX Period (Bbls per Day) (per Bbl) 04/2015 to 12/2015 25,000 4.75 01/2016 to 12/2016 28,750 4.75 01/2017 to…

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