Skip to main content Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. Investor Presentation | Shale Experts
Loading...
Pm

Bakken Power DUG Rockies Conference – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Apr 25, 2018 · 18 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. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 1
    Bakken Power DUG Rockies Conference April 2018 NYSE: WLL 1
  2. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 2
    Why the Williston Basin BAKKEN POWER New completion techniques have increased well productivity and rates of return. EURs have increased from 500-600 MBOE to 1+ MMBOE since 2013. Bakken Core competitive with any basin. Bakken wells…
  3. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 3
    North Dakota Acreage Generates Attractive Returns 700 BOPD Peak Area(1) Peak Month Minimum Whiting Acreage 700 BOPD Peak Month Minimum / Well Cost 59 Wellhead NYSE: WLL 4 (1) North Dakota Pipeline Authority February 27, 2018.
  4. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 4
    Excess Takeaway Capacity out of the Basin NDPA forecast doesnt exceed total takeaway capacity Current pipeline takeaway: 1.4 MMBbls Current rail takeaway: 1.5 MMBbls February 2018 Production: 1.2 MMBbls Source: North…
  5. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 5
    Infrastructure Build-out Meets Long-Term Goal Near-term Challenges in Second Half 2018 and 2019 Potential near- term challenge NYSE: WLL 6 Source: North Dakota Pipeline Authority April 17, 2018 presentation.
  6. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 6
    Recent Williston Basin Differentials Attractive 6.00 WTI Midland Spot Price Bakken Clearbrook Spot Price Monthly Average Spot Differential per Barrel 4.00 2.00 0.00 (2.00) (4.00) (6.00) (8.00) Source:…
  7. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 7
    Slower Activity Build Means Less Cost Pressure Change in Rig Count from January 1, 2016 80.0% North Dakota Change in Rig Count from January 1, 2016 60.0% +59% Texas 40.0% Oklahoma +46% 20.0% 0.0% -1.9% (20.0%) (40.0%)…
  8. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 8
    Industry and Regulators Working Together for Solutions Natural Gas Capture & Infrastructure Development (NGCID) Task Force formed by North Dakota Petroleum Council and group of operators. 39 companies including E&P, Gathering and…
  9. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 9
    Williston Basin Acreage Overview Polar Tier 1 Areas West Total Net Sanish/Parshall Missouri Gross Net Potential Breaks Area Acres Acres Wells East Missouri Breaks 61,723 30,143 90 Hidden Bench 104,166 75,392 440 Polar 97,988…
  10. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 10
    Hidden Bench Enhanced Completions Outperforming a 1,000 MBOE Type Curve Hidden Bench Enhanced Completions (1) 350,000 300,000 250,000 Barrels of Oil Eqivalent 200,000 150,000 100,000 50,000 0 0 50…
  11. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 11
    Polar Enhanced Completions Outperforming a 1,000 MBOE Type Curve Polar Enhanced Completions (1) 300,000 250,000 200,000 Barrels of Oil Eqivalent 150,000 100,000 50,000 0 0 50 100 150 200 250 300 350 400…
  12. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 12
    Sanish Enhanced Completions Outperforming a 1,000 MBOE Type Curve Sanish Enhanced Completions (1) 400,000 350,000 300,000 Barrels of Oil Equivalent 250,000 200,000 150,000 100,000 50,000 0 0 100 200…
  13. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 13
    Optimizing Completions Previous Designs Optimized Design Generation 1: 2010-2012 240 lbs/ft proppant Generation 4 (Right-Sized 380 stage spacing Completions): 2018 4 bbl/ft fluid 600 - 1200 lbs/ft proppant 380 cluster spacing 200…
  14. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 14
    The Optimum Frac Design for each specific area Differences in reservoir and mechanical properties exist across the Williston Basin. Every area requires a customized completion Example of Multivariate Analysis design. for a Specific…
  15. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 15
    Finding the Optimum Size 400,000 350,000 Optimizing a DSU 300,000 5 Bakken wells (Hidden Bench Area) 250,000 Single DSU Barrels of Oil Equivalent 200,000 Enhanced Wells stimulated with less Completion than 3 MMlbs…
  16. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 16
    Cash Costs Down 25% from 2014 20.00 19.37 Established pipe gathering systems for 18.00 produced water. 3.80 16.58 Renegotiated lower rates for existing 16.00 15.53 14.59 produced water systems. 14.00 3.68 4.83 4.67 Currently…
  17. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 17
    WLL Generating Excess Cash Flow NOW 150.0 115.7 100.0 57.0 Q4 2017 Cash flow from Operations 50.0 less Capital Expenditures 0.0 (3.3) (4.4) (23.0) (24.0) (50.0) (33.7) (33.7) (49.7) (56.8) (59.0) (100.0)…
  18. Bakken Power DUG Rockies Conference – Whiting Petroleum Corp. – slide 18
    Strategic Vision Deliver multi-year growth and free cash flow at a 55 NYMEX oil price. Reduce Debt to EBITDAX ratio below 2:1 at a 55 NYMEX oil price. Maintain a strong hedge position (60-70% of oil volumes) 12-24 months forward.…

From the store

Browse maps, data & reports in the Shale Experts store