Whiting Petroleum Corporation ENERGY + TECHNOLOGY = GROWTH Renaissance Gateway Technical 2014 TECHNICAL RENAISSANCE Addressing Economic Challenge Through Technical Optimization Joe Allman Mark Williams U.S. Oil and Gas E&P…
Gateway Technical 2014 Renaissance Breakeven WTI Price (/bbl) 20 30 40 50 60 70 80 90 Eagle Ford Oil Tier 1 Bakken Tier 1 TFS Tier 1 San Juan Niobrara Tier 1 Whiting Plays Eagle Ford Oil Tier 2 PRB Tier 1…
Premier Williston Basin Acreage Position Embracing Economic Challenge 811,737 net acres concentrated in sweet-spots of the Central, Eastern and Southern Williston Renaissance Basin 2014 7,541 future gross drilling…
2015 Williston Development Program Development Pattern Optimized for Oil in Place Renaissance Gateway Technical 2014 5
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) Renaissance CAPEX (MM)(6) 6.5 6.5 6.5 Daily Equivalent Production IRR (%) 42%…
Redtail Development Program Economic Sweet Spot OBJECTIVE Niobrara A Shale Niobrara B Shale Niobrara C Shale Fort Hays/Codell Renaissance DEVELOPMENT PLAN Mix of 960 and 640-acre spacing units 6,685 potential drilling…
Redtail 2015 Development Pattern Defining Optimal Well Density Renaissance Gateway Technical 2014 13
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 Renaissance CAPEX (MM)(4) 4.5 4.5 4.5 Daily Equivalent Production IRR (%) 30% 39%…