Whiting Petroleum Corporation First Quarter 2017 Results April 27, 2017 NYSE: WLL
Q1 2017 Achievements Q1 2017 Average Production of 117,360 BOE/d at High End of Guidance. Q1 2017 LOE, G&A and Interest Expense per BOE at Low End of Guidance. Q1 2017 DD&A per BOE and Oil Differentials of 7.95 per Bbl below Low End…
A Focused Company Whiting Petroleum Corporation is an independent oil and gas company that develops, produces, acquires Williston Basin Bakken / Three Forks and explores for crude oil, natural gas and natural gas 109,125 BOE/d (Q1…
Williston Basin Development Program Large Acreage Position in the Core of the Play ACREAGE 732,819 gross (443,310 net) 99% of North Dakota acreage held by production. MULTIPLE TARGETS Bakken Three Forks Control the…
Loomer Pad Tracking 1.5 MMBOE Type Curve(1) 100,000 90,000 80,000 70,000 60,000 BOE 50,000 40,000 30,000 20,000 10,000 0 0 10 20 30 40 50 60 70 Days Loomer Pad Average 1,000 MBOE 1,500 MBOE (1) Three-well…
Redtail Development Program Economic Sweet Spot in Oil Window (Weld County, Colorado) ACREAGE 157,178 (132,432 net) acres 100% held by production, expires beyond 2018, or can be extended for approximately 3 million. Average WI of…
Financial Results Summary Three Months Ended March 31, 2017 (In millions, except per share data) Net Loss Attributable to Common Shareholders. (87.0) Adjusted Net Loss(1)................... (54.2) Adjusted Loss Per Basic Share…
Strong Balance Sheet Liquidity with Financial Flexibility 2.5 billion of bank credit commitments on a 2.5 billion borrowing base. Only 450 million drawn as of 3/31/2017. Bank credit agreement through 12/08/2019. Bank credit…
Guidance for Q2 and Full-Year 2017 Guidance Second Quarter Full Year 2017 2017 Production (MMBOE) 10.2 - 10.8 45.2 - 46.2 Lease operating expense per BOE 8.25 - 8.75 8.25 - 8.75 General and administrative expense per BOE 2.90 -…
Strong Hedge Position(1) 53% Hedged 2017 Weighted Average As a Percentage of Derivative Hedge Contracted Crude NYMEX Price March 2017 Instrument Period (Bbls per Month) (per Bbl) Oil Production Three-way collars (2) 2017 Q2…
Why Whiting Whiting is strongly positioned for multi-year growth. - Premier core position in the Bakken and Niobrara. - Technology leader. - Strong liquidity position. - Strong balance sheet with no maturities until 2019. -…
APPENDIX NYSE: WLL 12
Adjusted Net Loss Reconciliation of Net Loss Attributable to Common Shareholders to Adjusted Net Loss Attributable to Common Shareholders ( in Thousands, Except Per Share Data) Three Months Ended March 31, 2017 2016 Net loss…
Discretionary Cash Flow Reconciliation of Net Cash Provided by Operating Activities to Discretionary Cash Flow ( in Thousands) Three Months Ended March 31, 2017 2016 Net cash provided by operating activities 80,070 45,948…
Loading...
