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August 2017 Corporate Presentation – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Aug 30, 2017 · 19 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. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation Corporate Presentation August 2017 NYSE: WLL
  2. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 2
    Recent Achievements New Capital Budget of 950 Million (14% Reduction); Forecast 14% Q1 to Q4 2017 Production Growth. New Enhanced Completions in Williams County Exceeding 1.0 MMBOE Type Curve. 69 Enhanced Completion Wells Drilled…
  3. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 3
    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 105,475 BOE/d (Q2…
  4. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 4
    Williston Basin Development Program Large Acreage Position in the Core of the Play Northern 31-30 Two Well Average ACREAGE Avg. 11.6 MMlb Stimulation Evitt 14-12 and 34-12 Pad Averages 743,667 gross (449,857 net) Exceeding 1,000…
  5. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 5
    Strong Enhanced Completion Results in Williams County 50,000 Evitt 14-12 and 34-12 Pad Averages 14-12 Avg. 9.3 MMlb Stimulation 34-12 Avg. 10.1 MMlb Stimulation 40,000 14-12 Completed May 2017 34-12 Completed June 2017 Exceeding…
  6. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 6
    Strong Enhanced Completion Results in Williams County 120,000 Northern 31-30 Two Well Average Avg. 11.6 MMlb Stimulation 100,000 Completed April 2017 Exceeding 1,000 MBOE Type Curve 80,000 BOE 60,000 40,000 20,000…
  7. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 7
    Williston Basin 8+MMlb Enhanced Completions Above 1,000 MBOE Type Curve 38 Bakken/Three Forks Completions Across Multiple Core Counties(1) 400,000 350,000 300,000 250,000 BOE 200,000 150,000 100,000 50,000 0 0…
  8. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 8
    Williston Basin 7+MMlb Enhanced Completions Above 1,000 MBOE Type Curve 69 Bakken/Three Forks Completions Across Multiple Core Counties(1) 300,000 250,000 200,000 BOE 150,000 100,000 50,000 0 0 50 100 150…
  9. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 9
    Williston Basin 7+MMlb Enhanced Completions Pad Locations WLL Acreage Enhanced Completion NYSE: WLL 9
  10. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 10
    Strong Returns for Enhanced Completions at 40 NYMEX Oil 700,000 600,000 500,000 400,000 BOE 300,000 200,000 100,000 0 0 100 200 300 400 500 600 700 800 900 1,000 Days 1,000 MBOE Type Curve 1,500 MBOE…
  11. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 11
    Williston Basin Well Productivity Increased 85% for 90-Day Rates Since 2014(1) 1200 1,057 1,064 1000 800 746 BOEPD 576 600 400 200 0 90-Day Avg. BOEPD 2014 2015 2016 2017 (1) Data set includes 287 wells in…
  12. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 12
    92% of Potential Bakken/Three Forks Drilling Locations in Core Areas Core Areas Gross Working Gross % of Total County Name Acreage(1) Interest(1) Locations(1) Locations(1) Dunn 55,865 73% 401 8% McKenzie 164,430 64% 1,506 29%…
  13. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 13
    How its done 1,680 perforations (40 stages with average 42 perforations per stage) 9,000,000 lbs per job Average 5,357 lbs per perforation (900 lbs proppant per lateral foot) Diverters (plugs off perforations taking treatment fluid…
  14. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 14
    Redtail Development Program Economic Sweet Spot in Oil Window (Weld County, Colorado) ACREAGE 159,994 (134,771 net) acres 100% held by production, expires beyond 2018, or can be extended for approximately 3 million. Average WI of…
  15. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 15
    Strong Balance Sheet Liquidity with Financial Flexibility 2.5 billion of bank credit commitments on a 2.5 billion borrowing base. Only 550 million drawn as of 6/30/2017. Bank credit agreement through 12/08/2019. Bank credit…
  16. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 16
    2017 Capital Budget 96% Allocated to Development that Drives Growth Other(1) Non-Op 38MM 62MM Redtail 332MM Williston Basin 518MM Williston Basin Redtail Non-Op Other (1) Includes exploration, facilities and land.…
  17. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 17
    Guidance for Q3 and Full-Year 2017 Guidance Third Quarter Full Year 2017 2017 Production (MMBOE) 10.5 - 11.1 43.6 - 44.3 Lease operating expense per BOE 8.25 - 8.75 8.25 - 8.75 General and administrative expense per BOE 2.90 -…
  18. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 18
    Strong Hedge Position(1) 64% Hedged 2017 Average Weighted Average As a Percentage of Derivative Hedge Contracted Crude NYMEX Price June 2017 Instrument Period (Bbls per Month) (per Bbl) Oil Production Three-way collars (2)…
  19. August 2017 Corporate Presentation – Whiting Petroleum Corp. – slide 19
    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. -…

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