WLL: Strongly Positioned Corporate Presentation April 2016 NYSE: WLL
Q4 2015 Achievements Production Averaged 155,210 BOE/d after 3,300 BOE/d of Q4 2015 Property Sales, at High End of Guidance. 512 Million of Total Asset Sales in 2015. Proved Reserves Increased 5% to 820.6 MMBOE Despite 53.2 MMBOE of…
Balance Sheet Liquidity with Financial Flexibility As of 3/25/2016, bank credit agreement successfully redetermined to 2.5 billion of commitments on a 2.75 billion borrowing base. The bank credit agreement matures 12/08/2019. Bank…
A Focused Company Whiting Petroleum Corporation is an independent oil and gas company that explores for, develops, acquires Williston Basin Bakken / Three Forks and produces crude oil, natural gas and natural gas 128,585 BOE/d (Q4…
Whiting Holds Acreage in Two Top-Tier Plays Millions NPV per Rig Year Millions Source: J.P. Morgan E&P Sector Launch December 09, 2015, Figure 181. Based on NYMEX futures strip prices as of December 09, 2015. NYSE: WLL 5
Williston Basin Development Program Concentrated Acreage Position in Areas with 90-Day Cumulative Production Per Well Greater Than 50 MBOE OBJECTIVE Bakken Three Forks DEVELOPMENT PLAN 1280-acre spacing units 6,052 potential…
Q4 Results Up 22% Over Q3 30-Day Rates in Williston Basin(1) 1,600 1,400 1,339 1,200 1,102 1,000 800 600 400 200 0 30-Day Avg. Rate Q3 2015 Q4 2015 (1) Results include 41 operated wells with average sand volumes of 5.2…
Redtail Development Program Economic Sweet Spot in Oil Window (Weld County, Colorado) OBJECTIVE Niobrara A Shale Niobrara B Shale Niobrara C Shale Codell/Fort Hays DEVELOPMENT PLAN Mix of 1,280, 960 and 640-acre spacing units…
Significant Improvements in per BOE Metrics 2014 vs 2015 Shows the Following: 20% Decrease DD&A, 22% Decrease LOE, 32% Decrease G&A 30.00 25.00 26.06 20.00 20.87 15.00 10.00 11.89 9.32 5.00 4.24 2.90 0.00 DD&A LOE G&A…
500 Million Capital Budget in 2016 80% Decrease from 2015 Capex; 88% in Development Undeveloped Northern Rockies Facilities acreage 4 MM 182 MM 17 MM Exploration(2) 2016 CAPEX % of 50 MM Property Area (MM) Total CO2 EOR…
2016 Outlook Whiting projects a 2016 capital budget of 500 million, a decrease of approximately 80% from its 2015 capital expenditures. The Company expects to invest 440 million of the 2016 capital budget on development activity…
Why Whiting We believe Whiting remains strongly positioned despite the record volatility and dislocation across the E&P sector - Premier, core position in the Bakken and Niobrara with significant exposure to a rebound in crude…
APPENDIX NYSE: WLL 13
Guidance for Q1 and Full-Year 2016 Guidance First Quarter Full Year 2016 2016 Production (MMBOE) ........................................... 13.1 - 13.6 46.8 - 50.5 Lease operating expense per BOE ........................ 8.25 -…
Strong Hedge Position(1) 45% Hedged 2016 Weighted Average As a Percentage of Derivative Hedge Contracted Crude NYMEX Price December 2015 Instrument Period (Bbls per Month) (per Bbl) Oil Production Three-way collars (2) 2016 Q1…
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