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DUG Bakken and Niobrara – Whiting Petroleum Corp.

Whiting Petroleum Corp. · May 31, 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. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 1
    Whiting Petroleum Corporation DUG Bakken and Niobrara May 31, 2013
  2. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 2
    Whiting Overview Q1 2013 Production 89.1 MBOE/d Proved Reserves(1) 378.8 MMBOE % Oil 80% R/P ratio(2) 13 years Drilling on the Hidden Bench Prospect in McKenzie County, North Dakota. (1) Whiting reserves at December 31,…
  3. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 3
    Map of Operations ROCKY MOUNTAINS Q1 2013 Net Production 66.1 MBOE/D 89.1 MBOE/d MICHIGAN 2.6 MBOE/D 9% 3% 1% 13% MID-CONTINENT 7.9 MBOE/D PERMIAN 11.3 MBOE/D 74% Rockies Permian Mid-Con Michigan GULF COAST 1.2…
  4. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 4
    Platform for Continued Growth 80% Oil / 10% NGL / 10% Natural Gas 378.8 MMBOE Proved Reserves(1) (12/31/2012) 2% 1% 13% 51% 33% Rocky Mountains Permian Basin Mid-Continent Michigan Gulf Coast (1) Whiting reserves at…
  5. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 5
    Capital Budget for Key Development Areas in 2013 ( in millions) Well Work, Facilities Misc. Costs, 178 MM Other Northern 150 MM Rockies 1,142 MM Exploration EST. 2013 Expense (2) CAPEX IN Gross Net 82 MM MM % Wells Wells Land…
  6. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 6
    Drilling Inventory Identified Primary Locations Northern Rockies Gross Net Wells per Spacing Unit Southern Williston (Lewis & Clark; Pronghorn) 1,104 410.2 3 Pronghorn Sand / 1280 Western Williston(1) (Cassandra; Hidden Bench;…
  7. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 7
    Williston Basin (Bakken and Three Forks) Sanish Hydrocarbon System Stratigraphy A Zone 6.3% to 7.9% So = 75% OOIP (MMBOE /1280 ac) = 6 B Zone A 4.4% to 6.1% K = .001 to .1 md So = 80% B OOIP (MMBOE /1280 ac) = 7 C C…
  8. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 8
    Sanish Field Infill Resource Estimate OOIP by Zone 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 Oil per…
  9. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 9
    General Sanish Bakken Formation Data Reservoir and Fluid Properties at Sanish Field Depth: 10,500 Bottom Hole Temperature: 210 F Reservoir Pressure: 5,000 7,000 psig Pressure Gradient: 0.5 0.7 psi/ft Bubble Point: 1,800 3,000…
  10. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 10
    Williston Basin Primary and Prospective Drilling Plan by Area 11
  11. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 11
    Whiting Lease Areas in Williston Basin Gross Net Field Target Acres Acres Middle Bakken / Sanish / Parshall Three Forks 174,466 82,400 Sanish Pronghorn Pronghorn Sand 196,822 128,080 CASSANDRA STARBUCK Lewis & Clark Three…
  12. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 12
    Williston Basin Production Profile Range of Reserves: Bakken / Pronghorn Sand / Three Forks (1)(2) EUR - 600 MBOE , Development Phase CAPEX 7.5 MM 1,000 Nymex oil price/Bbl 80 90 100 ROI 3.0 3.5 4.0 IRR (%) 93% 135% 189% Payout…
  13. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 13
    Productivity Increase with Shift to New Development Areas 2012 Average 30, 60, 90 Day Rates (BOPD) Sanish Bakken and Three Forks vs. Pronghorn, Lewis & Clark and Hidden Bench 700 655 600 555 524 500 472 419 428 400 300…
  14. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 14
    NDPA Williston Basin Oil Production & Export Capacity (1) BOPD Feb 2013 Production 837,906 BOPD(2) (1) Production forecast is for visual demonstration purposes only and should not be considered accurate for any near or long…
  15. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 15
    Plants / Pipeline Williston Basin Natural Gas Processing Plants (Robinson Lake) Gathering System Oil Gathering Lines 121 Miles Gas Gathering Lines 363 Miles Current Wells Connected (Op.) 313 SANISH Current Wells Connected (Non-Op.)…
  16. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 16
    Plants / Pipeline Williston Basin Natural Gas Processing Plants (Belfield) Planned Gathering System Oil Gathering Lines 143 Miles Gas Gathering Lines 137 Miles Current Wells Connected (12/31/12 Op.) 80 Current Wells Connected…
  17. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 17
    Redtail Resource Potential Niobrara A&B Reservoirs Niobrara Reservoir Niobrara Resource Potential Whiting RAZOR 25-2514H OOIP by Zone GR Zone PHI Mineralogy BVFluid RES 0 200 30 -10 0 0.2 2000 10 Reservoir Porosity Thickness…
  18. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 18
    Redtail Niobrara Prospect Weld County, Colorado (March 31, 2013) OBJECTIVE Niobrara B Shale Niobrara A Shale ACREAGE Whiting has assembled 120,354 gross (87,610 net) acres in our Redtail prospect in the northeastern portion of…
  19. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 19
    Redtail Niobrara Prospect Weld County, Colorado (March 31, 2013) OBJECTIVE Whiting Wells Whiting Lease Area Niobrara B Shale Niobrara A Shale DEVELOPMENT PLAN Mix of 960 and 640-acre spacing units 8 Wells per spacing unit…
  20. DUG Bakken and Niobrara – Whiting Petroleum Corp. – slide 20
    Whiting Highlights OIL WEIGHTED, LONG- RESERVES: 80% OIL (1) LIVED RESERVE BASE 13 YEAR R/P(1) MULTI-YEAR INVENTORY 9,661 GROSS (4,503.2 NET) POTENTIAL DRILLING LOCATIONS TO DRIVE ORGANIC PROJECT +12% TO +16% YOY PRODUCTION…

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