Whiting Petroleum Corporation Current Corporate Presentation December 2013
Whiting Petroleum A Company on the Move 150.1 Million Sale of 32,183 Net Acres in our Big Tex Prospect in the Delaware Basin 261 Million Acquisition of 39,310 Gross (17,282 Net) Acres and 2,420 BOEPD in the Williston Basin…
Whiting Overview Q3 2013 Production(1) 92.8 MBOE/d Proved Reserves(2) 396.3 MMBOE % Oil(2) 79% R/P ratio(3) 14 years Drilling on the Obrigewitch 3 well pad in North Dakota (1) The production attributable to the Postle…
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…
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 7
Whiting High Density Pilots As of December, 2013 g 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 1110H Existin…
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…
Whiting Cemented Liner Completions (Side-by-Side Comparisons with Uncemented Liners, as of December, 2013) SUNDHEIM 31-2-1H - MISSOURI BREAKS 63% INCREASE IN 90 DAY CUM Entry 90-day Cum Well Liner Stages Points (MBOE) Sundheim Fed…
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…
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 640acre spacing units 8 Wells per spacing…
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…
Redtail Development Plan Infrastructure (September 30, 2013) Trailblazer Redtail Facilities Plan Kinder Morgan Interstate Planned Gathering System Gas Gathering Lines 54 Miles Oil Gathering Lines 54 Miles 8 Residue Pipeline SW…
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…
Redtail High Density Pilots Testing 16 & 32 Wells per 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…
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…
Whiting Petroleum A Company on the Move 150.1 Million Sale of 32,183 Net Acres in our Big Tex Prospect in the Delaware Basin 261 Million Acquisition of 39,310 Gross (17,282 Net) Acres and 2,420 BOEPD in the Williston Basin…