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BAML 2013 Global Energy Conference – Whiting Petroleum Corp.

Whiting Petroleum Corp. · Nov 21, 2013 · 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. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation Bank of America Merrill Lynch 2013 Global Energy Conference
  2. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 2
    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, subject to normal closing(1) and post closing adjustments 261 Million Acquisition of 39,310 Gross (17,282…
  3. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 3
    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…
  4. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 4
    Map of Operations A Focused Asset Base Q3 2013 Net Production Michigan 92.8 MBOE/d 2.4 MBOE/D ROCKY MOUNTAINS 6% 75.6 MBOE/D 13% HEADQUARTERS Denver, Colorado Mid-Con 1.5 MBOE/D PERMIAN 12.0 MBOE/D 81% Gulf Coast…
  5. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 5
    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…
  6. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 6
    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…
  7. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 7
    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…
  8. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 8
    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…
  9. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 9
    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…
  10. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 10
    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…
  11. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 11
    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…
  12. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 12
    Sanish Area Sanish and Parshall Fields (September 30, 2013) Planned Higher Density Pilot Locations OBJECTIVE Bakken 3.5 wells per 1,280-acre spacing unit Three Forks 3 wells per 1,280-acre spacing unit ACREAGE Whiting has…
  13. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 13
    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 Wildhorse…
  14. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 14
    Redtail Resource Potential Niobrara A&B Reservoirs Niobrara Reservoir Niobrara Resource Potential (1) Whiting RAZOR 25-2514H GR Zone PHI Mineralogy BVFluid RES 0 10 200 30 -10 0 0.2 2000 OOIP by Zone Reservoir Porosity Thickness…
  15. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 15
    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 8 Recent Well Average Cum vs…
  16. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 16
    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…
  17. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 17
    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…
  18. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 18
    Big Tex Prospect Pecos, Reeves, and Ward Counties, Texas (September 30, 2013) OBJECTIVE Vertical Wolfbone Horizontal Wolfcamp ACREAGE Whiting has assembled 97,430 gross (73,356 net) acres in our Big Tex prospect in the Delaware…
  19. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 19
    North Ward Estes Field Development Plan Production Up 12.5% YTD and 13.5% YoY Project Timing and Net Reserves(1) Injection Other CO2 Project Start Date PVPD Proved P2 P3 Total Base: Primary, WF & CO2 42 16 4 66 128 Phase 1 2007 -…
  20. BAML 2013 Global Energy Conference – Whiting Petroleum Corp. – slide 20
    Oil Focused Strategy Delivers Consistently Good Margins Consistently Delivering Strong EBITDA Margins (1) Oil 97.69/Bbl NGL 35.78/Bbl Gas 3.64/Mcf 90.00 81.21/BOE 75.88 73.88 74.77 80.00 69.85 Whiting Realized…

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