Skip to main content August 2014 Update Presentation – Whiting Petroleum Corp. | Shale Experts
Loading...
Pm

August 2014 Update Presentation – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Aug 14, 2014 · 20 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 2014 Update Presentation – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation ENERGY + TECHNOLOGY = GROWTH Current Corporate Presentation NYSE: WLL August 2014
  2. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 2
    Whiting Overview Whiting Overview Whiting Petroleum Corporation is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in the Rocky…
  3. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 3
    Whiting Petroleum A Company on the Move Five Significant Second Quarter Achievements 1) Announced Agreement to Acquire Kodiak Oil & Gas Corp. on July 13, 2014 2) Record Discretionary Cash Flow of 556.2 Million(1); Record Williston…
  4. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 4
    A Focused Company Q2 2014 Net Production 109.8 MBOE/d Williston Basin Bakken / Three Forks 11% 3% 80,195 BOE/d (Q2 2014) 86% Redtail Niobrara A and B 7,235 BOE/d (Q2 2014) HEADQUARTERS Denver, Colorado Rocky Mountains…
  5. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 5
    Capital Budget for Key Property Areas in 2014 2014 MidPoint Production Growth Guidance of +20% Exploration Well Work, Misc. Northern Rockies Facilities Expense (2) 1,101 MM Costs, Other 151 MM 72 MM 150 MM 2014 CAPEX Gross Net %…
  6. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 6
    Williston Basin Highlights June 30, 2014 Field Target Gross Acres Net Acres Skaar Federal 413TFHU completed June 7, 2014 Sanish / Parshall Middle Bakken 174,665 82,462 flowing 6,071 BOE/d Three Forks from the 2nd Bench of…
  7. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 7
    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…
  8. August 2014 Update 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 NYSE: WLL…
  9. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 9
    Redtail Development Program Economic Sweet Spot (Weld County, Colorado) OBJECTIVE Niobrara B Shale Niobrara A Shale Niobrara Initial 30Day Average Rate (Gas converted to oil price equivalent ratio 17:1) DEVELOPMENT PLAN Pre 2013…
  10. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 10
    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…
  11. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 11
    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…
  12. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 12
    Redtail Niobrara A & B Type Curve: 420 MBOE Per Well Results: 85%100% IRRs(1)(2)(3) 1000 EUR 420 MBOE, Development Phase CAPEX 5.5 MM NYMEX Oil Price/Bbl 90 100 ROI 3.2 3.7 IRR (%) 85% 100% Payout (Yrs.) 1.2 1.0 Equivalent Daily…
  13. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 13
    Redtail Infrastructure Plan: A Great Place to Find an Oil Field June 2014 Trailblazer Kinder Morgan Redtail Facilities Plan Interstate Planned Gathering System Gas Gathering Lines 141 Miles Oil Gathering Lines 111 Miles 8…
  14. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 14
    Strong CFPS Growth While Maintaining a Healthy Balance Sheet Cash Flow Per Share Growth(1) 16.00 14.59 14.00 11.77 12.00 10.05 10.00 9.25 8.00 6.00 4.53 4.00 2.00 0.00 Net Debt to EBITDAX(2) 2009 2010 2011 2012 2013…
  15. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 15
    Oil Focused Strategy Delivers Consistently Strong Margins Consistently Delivering Strong EBITDA Margins (1) Oil 93.03/Bbl NGL 39.30/Bbl Gas 6.95/Mcf 90.00 80.00 82.16/BOE 73.88 76.76 80.00 69.85 61.48 Whiting Realized…
  16. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 16
    NYSE: WLL Appendix
  17. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 17
    Discretionary Cash Flow(1) ( in Thousands) Reconciliation of Net Cash Provided by Operating Activities to Discretionary Cash Flow Three Months Ended Six Months Ended June 30, June 30, 2014 2013 2014 2013 Net cash provided by…
  18. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 18
    Cash Flow Per Diluted Share ( in Thousands) Reconciliation of Net Cash Provided by Operating Activities to Cash Flow Per Diluted Share Cash Flow Per Share: Year Ended December 31, 2009 2010 2011 2012 2013 Net cash provided by…
  19. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 19
    EBITDAX ( in Thousands) Reconciliation of Net Income to EBITDAX EBITDAX Reconciliation: Year Ended December 31, 2009 2010 2011 2012 2013 Net Income (Loss). (106,882) 336,653 491,628 414,099 366,003 Amortization of Deferred…
  20. August 2014 Update Presentation – Whiting Petroleum Corp. – slide 20
    Net Debt ( in Thousands) Reconciliation of Longterm Debt to Net Debt Year Ended December 31, 2009 2010 2011 2012 2013 Longterm Debt......... 779,585 800,000 1,380,000 1,800,000 2,653,834 Less Cash................... 11,960…

From the store

Browse maps, data & reports in the Shale Experts store