Whiting's Second Quarter, 2013

I've been going through the WLL presentations and posting some notes, so Mike Filloon's article on WLL's completion techniques could not have come at a better time.

Mike Fillon on WLL's completion techniques.

Whiting's drilling program in the Bakken.

Some random notes on Whiting's financial presentation.

Takeaway capacity in the Bakken.

Mike's lede at the SeekingAlpha article:

Whiting has made some big changes recently, and it seems to be paying off. It sold some assets and plan to use the cash to ramp up its Bakken and Niobrara plays. It is improving its completion design, and using significantly more proppant. Its well results are improving and this could be just the beginning of an escalation in share price.

Whiting opened up the Bakken's Q2 with a big beat on both the top and bottom lines. This was the fourth consecutive quarter Whiting beat EPS estimates. It beat by $.12 on the top line, reporting an EPS of $1.02. Revenues came in at $663.3 million versus the Street's estimate of $617.16 million. Whiting announced a new production record, 4.8% better than Q1 of 2013. It was 15.7% better than Q2 of 2012. The production split is 87% liquids.

As usual, Mike has an incredible article. I would be hard pressed to be convinced anyone knows the Bakken better than he knows it -- other than insiders.