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CORPORATE PRESENTATION – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Jan 22, 2014 · 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. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation ENERGY + TECHNOLOGY = GROWTH A COMPANY ON THE MOVE NYSE: WLL A BIGGER & BETTER TEAM December 2014
  2. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 2
    Whiting Petroleum A Company on the Move Five Significant Second Half 2014 Achievements 1) Whiting Completes the Acquisition of Kodiak Oil & Gas Corporation Making Whiting the Largest Bakken / Three Forks Producer in the Williston…
  3. 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 and produces crude oil, natural gas and Williston Basin Bakken / Three Forks natural gas liquids primarily in…
  4. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 4
    Continued Production and Reserve Growth with OilDriven Focus and Strong Margins Reserves (Mmboe) Production (Mboepd) YE 2014 90% liquids / 83% oil 900 Whiting Whiting 157.2(1) 780 160 800 Kodiak 140 Kodiak 700 119 606 120…
  5. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 5
    Larger Location Inventory with Significant Opportunity to Accelerate Williston Basin Drilling Program Pro Forma Williston Basin Drilling Locations (Net) 4,000 3,460 3,500 3,000 Potential Williston Basin 2,500 net drilling…
  6. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 6
    Driving Value from Complementary Acreage Positions Central and Eastern Williston Basin Combined 855,000 net acres in the core of Williston Basin Footprint in the sweetspot of the Central and Eastern Williston Basin is…
  7. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 7
    Whiting has Captured the Sweet Spot of the Basin Controls Predominance of Acreage in Areas with 30Day Average Rates of 600+ BOPD versus 300+ BOPD Average Across Majority of Basin Peak Month Min. Peak Month Min. 300 BOPD 600 BOPD…
  8. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 8
    Exploiting the Bakken and Three Forks in the Williston Primary and Prospective Drilling Locations MISSOURI BREAKS CASSANDRA SANISH 8 WELLS 12 WELLS 15 WELLS HIDDEN BENCH PRONGHORN TARPON 16 WELLS 6 WELLS 12 WELLS LEASE LINE…
  9. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 9
    Maximizing Recovery Efficiency Improving Frac Distribution Older Style Sliding Sleeve Completion Potential Frac Ports Entry Annulus Stages per Stage Points Free fluid between packers 30 1 30 New Style Cemented Liner…
  10. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 10
    Maximizing Recovery Efficiency Improving Hidden Bench Production Rates 21% Increase Over 90Days 3,000 2,539 2,500 2,132 2,000 1,500 1,122 1,000 887 +21% 805 658 648 535 500 (1) 2013 2014 24Hour IP 30Day Avg.…
  11. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 11
    Williston Basin Production Profile Per Well Results: 43% IRR at 70/Bbl NYMEX(1)(2) 1,000 EUR - 600 MBOE, CAPEX 8.0 MM Nymex oil price/Bbl 70 ROI 2.3 Daily Equivalent Production IRR (%) 43% Payout (Yrs.) 1.9 (BOEPD)…
  12. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 12
    Redtail Development Program Economic Sweet Spot OBJECTIVE Niobrara A Shale (Weld County, Colorado) Niobrara B Shale Niobrara C Shale Niobrara Initial 30Day Average Rate Fort Hays/Codell (Gas converted to oil price equivalent ratio…
  13. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 13
    Redtail Development Program Niobrara Reservoirs Niobrara Reservoir Niobrara Resource Potential (1) GR Zone Whiting RAZOR 25-2514H PHI Minerals BVFluid RES OOIP by Zone 0 200 30 -10 0 100 0.2 2000 Reservoir Porosity Thickness…
  14. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 14
    Redtail Development Planning Defining Optimal Well Density 27L Pad 27K Pad Drilling Density Drilling Density - 16 Wells/DSU - 16 Wells/DSU - 330 ft. - 330 ft. Target: B-B-B-B Target: A-B-A-B Status: Flowing Status: Flowing…
  15. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 15
    Redtail Niobrara Production Profile Per Well Results: 42% IRR at 70/Bbl NYMEX(1)(2) 1000 EUR - 420 MBOE, CAPEX 5.5 MM Nymex oil price/Bbl 70 ROI 2.5 Daily Equivalent Production IRR (%) 42% Payout (Yrs.) 2.0 PV(10) MM…
  16. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 16
    Redtail Infrastructure Plan: A Great Place to Find an Oil Field September 2014 Trailblazer REX to KC area hub to East OH hub Redtail Facilities Plan Planned Gathering System Gas Gathering Lines 141 Miles Trailblazer/REX Oil…
  17. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 17
    Oil Focused Strategy Delivers Consistently Strong Margins Consistently Delivering Strong EBITDA Margins (1) Oil 86.78/Bbl NGL 36.01/Bbl Gas 4.08/Mcf 90.00 80.00 82.16 76.76 74.88/BOE 73.88 80.00 69.85 61.48 Whiting Realized…
  18. CORPORATE PRESENTATION – Whiting Petroleum Corp. – slide 18
    Whiting Petroleum A Company on the Move Five Significant Second Half 2014 Achievements 1) Whiting Completes the Acquisition of Kodiak Oil & Gas Corporation Making Whiting the Largest Bakken / Three Forks Producer in the Williston…

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