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Key Banc Investor Tour – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Dec 4, 2013 · 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. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation KeyBanc Investor Tour December 4, 2013 Redtail: Pad drilling for 16 wells per DSU
  2. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 2
    A Brief History of Whiting Petroleum Postle Field Asset Sale 800+ 2003 2005 2006 2008 2009 2010 2011 2012 2013 Million redeployed (7.1 Billion Market Cap) 82,540 BOE per day average production, YE reserves of 378 MMBOE, P2 of…
  3. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 3
    Whiting Petroleum A Company on the Move Sale of 32,183 Net Acres in our Big Tex Prospect in the Delaware Basin for 150.1 Million 261 Million Acquisition of 39,310 Gross (17,282 Net) Acres and 2,420 BOEPD in the Williston Basin…
  4. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 4
    Redtail Niobrara Prospect: Another Transformative Multi Year Project Weld County, Colorado (September 30, 2013) OBJECTIVE Niobrara B Shale Niobrara A Shale DEVELOPMENT PLAN Mix of 960 and 640-acre spacing units 8 Wells per…
  5. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 5
    Redtail Resource Potential Niobrara A&B Reservoirs Niobrara Reservoir Niobrara Resource Potential (1) GR Zone Whiting RAZOR 25-2514H PHI Mineralogy BVFluid RES OOIP by Zone 0 200 30 -10 0 0.2 2000 10 Reservoir Porosity Thickness…
  6. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 6
    Redtail High Density Pilots Testing 16 & 32 Wells / Drilling Spacing Unit 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: Completing Status:…
  7. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 7
    Redtail Development Plan Upper Niobrara (A & B Zones) as of September 30, 2013 DRILLING INVENTORY GROSS WELLS 16 WELLS/DSU WELL STATUS PHASE 1 PHASE 2 PHASE 3 PHASE 4 TOTAL DRILLED 33 8 0 5 46 PERMITTED 18 1 1 1 21 ADDITIONAL 2 YR…
  8. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 8
    Redtail Development Plan Infrastructure (September 30, 2013) Redtail Facilities Plan Planned Gathering System Gas Gathering Lines 54 Miles Oil Gathering Lines 54 Miles SW Gathering Lines 54 Miles Frac Water Supply Lines 16 Miles…
  9. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 9
    Redtail Niobrara Prospect Improved Completion Technology Results in Improved Performance (1) 70,000 60,000 50,000 40,000 Cum BOE 30,000 20,000 10,000 400 MBOE Type Curve Cum vs Time 9 Recent Well Average Cum vs…
  10. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 10
    Whiting Lease Areas in Williston Basin September 30, 2013 Gross Net Field Target Acres Acres Middle Bakken / Sanish / Parshall Three Forks 175,066 82,390 Sanish CASSANDRA Pronghorn Pronghorn Sand 195,336 128,011 STARBUCK Lewis…
  11. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 11
    Sanish Field Infill Resource Estimate OOIP by Zone (1) Middle Bakken MMBOE/1280* A Zone 6 B Zone 7 C Zone 6 D Zone 11** Total Middle Bakken 30 Total Bakken Shale*** 19 Three Forks 9 Grand Total 58 Middle Bakken Recoverable…
  12. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 12
    Williston Basin Primary and Prospective Drilling Plan by Area MISSOURI BREAKS 11 WELLS CASSANDRA - 11 WELLS SANISH - 10 WELLS HIDDEN BENCH - 15 WELLS PRONGHORN - 6 WELLS TARPON - 8 WELLS 13
  13. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 13
    Whiting High Density Pilots in Williston Basin As of December, 2013 IVERSON HD PILOT - SANISH FIELD Testing 8 Middle Bakken wells per 1280 DSU Completed Oct. 2013 ENTRY IP WELL NAME STAGES PTS BOE/D Fladeland 1 18 SS 18 858…
  14. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 14
    Well Completion Evolution Sliding Sleeve vs Cemented Liner with Plug & Perf Swell PackersSliding with Sliding Sleeve Sleeves Potential Frac Ports Entry Annulus Stages per Stage Points Free fluid between packers 30 1 30…
  15. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 15
    Western Williston Basin Cassandra, Hidden Bench, Tarpon, and Missouri Breaks (September 30, 2013) OBJECTIVE(1) Bakken 4 wells per 1,280-acre spacing unit Three Forks 3 wells per 1,280-acre spacing unit 16.7 (3/8/2013) ACREAGE…
  16. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 16
    Missouri Breaks 24-Hr Average IP Rates Prior Completion Design vs. Cemented Liner Completion Prior Well Design Versus Cemented Liner Completion 1,400 8 Wells 1,200 1,000 800 31 Wells 600 400 200 0 Average 24-Hr IP…
  17. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 17
    Missouri Breaks Cumulative Production Comparison Prior Completion Design vs. Cemented Liner 16 14 12 95% INCREASE 10 IN 30 DAY CUMULATIVE Cum Oil (MBO) PRODUCTION 8 6 4 2 0 5 10 15 20 25 30 Elapsed…
  18. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 18
    Southern Williston Basin Lewis & Clark and Pronghorn (September 30, 2013) OBJECTIVE Pronghorn Sand 3 wells per 1,280-acre spacing unit ACREAGE Whiting has assembled 395,490 gross (263,784 net) acres in our Southern Williston…
  19. Key Banc Investor Tour – Whiting Petroleum Corp. – slide 19
    Completion Costs Comparison Williston Basin Well Costs Remain Flat with New Completion Design 24-Hour IP Field Well Name Liner Style Completion (BOEPD) AFE AFE Date Hidden Bench Eide 41-13HR Uncemented Sliding Sleeve 2,715…

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