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 124,900 BOE/d (Q1…
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 3
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 1,280-acre spacing units 5,530 potential…
92% of Potential Bakken/Three Forks Drilling Locations in Core Areas Core Areas Gross Working Gross % of Total County Name Acreage Interest Locations Locations Dunn 55,690 72.8% 406 7.4% McKenzie 161,046 66.7% 1,594 28.8%…
Williston Basin Production Profile Per Well Results: 55% IRR at 50/Bbl NYMEX(1) EUR - 900 MBOE(2) Nymex oil price/Bbl 45 50 60 CAPEX (MM) 6.8 6.8 6.8 IRR (%) 41% 55% 88% Payout (Yrs.) 2.1 1.7 1.2 (1) All volumes shown…
Williams County Enhanced Completions Increase 60-Day Average Rates Over 100% 1,600 1,501 1,400 1,200 1,000 904 BOE/d 800 600 452 404 400 200 0 60-Day Rate Average of Four Direct Offset Wells Average of Six Direct Offset…
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…
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…