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Whiting Petroleum Corp
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November 2016 Corporate Presentation
| James J. Volker | Page 12 of 11 |
November 21, 2024
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"November 2016 Corporate Presentation"
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NYSE: WLL OBJECTIVE Niobrara “A” Shale Niobrara “B” Shale Niobrara “C” Shale Codell/Fort Hays DEVELOPMENT PLAN Mix of 1,280, 960 and 640-acre spacing units • 6,205 potential gross drilling locations as of September 30, 2016. • Targeting 465 MBOE EUR for 960-acre spaced wells in 2016. • Targeting 655 MBOE EUR for 1280-acre spaced wells in 2016. • Project approximately 105 drilled uncompleted wells at 12/31/2016. ACREAGE Whiting has assembled 153,937 gross (129,035 net) acres in our Redtail prospect in the northeastern portion of the DJ Basin. 100% held by production, expires beyond 2018, or can be extended for approximately $3 million. • Average WI of 84% COMPLETED WELL COST 960-Acre Spaced Horizontal: $4.0 MM 1,280-Acre Spaced Horizontal: $4.5MM OPERATIONAL HIGHLIGHTS Redtail production averaged 10,945 BOE/d in Q3 2016. Redtail Development Program 11 Source: IHS and internal Whiting production database as of 12/31/2015. Economic Sweet Spot in Oil Window (Weld County, Colorado)