Whiting Presentation at IPAA -- September, 2011 -- Bakken, North Dakota, USA

Link here -- even if you can't connect to the audio, you can view the slides. I don't expect the slides to be here long, but WLL always has a great corporate presentation at their website.

Before delving into the presentation, folks should re-acquaint themselves with Whiting's prospects in the Bakken. First, click here, and scroll down to Whiting to see snapshot of their prospects in words, and then, go to the link above, and jump to slide 19 to see a graphic of the map of Whiting's prospects.

What's the first thing you notice? Yup, Whiting has added a new prospect: Missouri Breaks: 41,332 net acres, eastern Montana just across the border from North Dakota's McKenzie County.

According to the CEO in 2Q11, the company had >680,000  net acres. According to SeekingAlpha.com back in May, 2011, the company had 604,000 net acres. Totaling the net acres shown on the slide: 619,380 net acres. I have to compare that to slide 33 -- later.

Data points from the presentation:

• Hidden Bench:  Average IP --  2,700-2900, which is significantly better than the Sanish with an average of 2,000.
• Hidden Bench acreage: 37,170 net acres; Sanish -- 82,902 net acres
• Lewis and Clark field:  IPs  1,300-2500 boepd
• Missouri Break field (Montana): 2,800-2,900 boe IP's
• Star Buck field (Montana ) 1,100-1,800 boe IP"s
• After deducting the Sanish, Whiting has 10 years drilling for 20 rigs.
• More to follow; too much to digest at one sitting.