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Wednesday, October 6, 2010

Whiting's October, 2010 Presentation

Whiting's October presentation, going through the slides for the first time:

Adjusted earnings, three months ending June 30, 2010: $1.31
Adjusted earning, three months ending June 30, 2009: (0.01)

Whiting produced 1.3 million bbls of oil from North Dakota in one month, August, 2010
Whiting produced 1.5 million bbls of oil from Oklahoma for the entire year, 2008
Whiting produced 3.5 million bbls of oil from Texas for the entire year, 2009

2010 CAPEX:
  • $273 million in Sanish field
  • $11 million in Parshall field
  • $77 million in Lewis and Clark area
Williston Basin
  • 86,000 net acres in Sanish and Parshall fields
  • Average EUR of 850,000 bo/well -- and remember, multiple wells going into each section

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