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Corporate Presentation January 2021 – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Jan 1, 2021 · 10 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. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum January 2021 Positioned to Succeed in the New Normal
  2. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 2
    Positioned for Todays E&P Business Environment WHITING PETROLEUM FRAMEWORK FOR A LEADING SHALE UPSTREAM INDEPENDENT MARKET STATISTICS Ticker (NYSE) WLL Leading debt coverage of less than 1.0x debt to EBITDAX(4) Share Price (1)…
  3. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 3
    Mission to Deliver Shareholder Value RETURNS-BASED BUSINESS MODEL PORTFOLIO OPTIMIZATION TRANSITION TOWARDS SUSTAINABLE SUSTAIN AND ENHANCE SCALE / SHAREHOLDER RETURNS EFFICIENCIES PRUDENT CAPITAL DISCIPLINE WITH COMMITMENT TO…
  4. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 4
    Leadership: Uniquely Experienced and Shareholder Focused SENIOR MANAGEMENT Lynn Peterson Chip Rimer James Henderson President & Chief Executive Officer Chief Operating Officer Chief Financial Officer Served as CEO and Chairman of…
  5. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 5
    Commitment to ESG and Safety Measures in Everything We Do CONTINUED FOCUS ON SUSTAINABILITY ENVIRONMENTAL SAFETY SOCIAL GOVERNANCE Committed to meeting gas The safety of our employees, Continued focus on New Board of Directors…
  6. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 6
    Dominant Williston Basin Independent Position THE WHITING SCALE ADVANTAGE WILLISTON BASIN PEER NET LEVERAGE With one of the largest footprints in the Williston Basin, Whitings renewed NET DEBT + PREFERRED EQUITY / LTM EBITDAX focus on…
  7. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 7
    Inventory Summary Acreage Positions Whiting Inventory 30% IRR (1) Williston Basin 490k net acres 500 84.5 Mboepd(2) 39 DUC locations(3) 432 400 Gross Locations 300 288 200 185 100 0 DJ Basin 45 50 55 74k net…
  8. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 8
    Hedging Positions that Mitigate Cash Flow Variability As of January 1, 2021 Crude Oil Hedges Settlement Derivative Total Swap Commodity Period Index Instrument Volumes Units Price Floor Ceiling Crude Oil 2021 NYMEX WTI Fixed Price…
  9. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 9
    2021 Guidance An operating plan that is designed to provide free cash flow to further strengthen balance sheet Oil production (MBO per day) 48 52 Total production (MBOE per day) 82 88 Capital expenditures (mm) 228 252 Lease…
  10. Corporate Presentation January 2021 – Whiting Petroleum Corp. – slide 10
    EBITDAX Reconciliation Q3 '20 Q2 '20 Q1 '20 Q4 '19 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 Net income (loss) 277,695 (574,315) (3,628,571)…

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