A conceptual drawing for the development shows two motels and a convention center as well as hundreds of thousands of feet of retail and restaurant space.
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A conceptual drawing for the development shows two motels and a convention center as well as hundreds of thousands of feet of retail and restaurant space.
"Allo Bruce!
ReplyDeleteGreetings from Leftifornia.
Whiting results...
Cheers!
Peter
http://www.whiting.com/investor-relations/
Corporate ProfileQ1 2012 Production Up 22% YoY and 14% Over Q4 2011 to a Record 7.348 MMBOE (80,747 BOE/d); Exceeds Upper End of Guidance by 150,000 BOE
Q1 2012 Net Income Available to Common Shareholders of $98.2 Million or $0.83 per Diluted Share and Adjusted Net Income of $122.0 Million or $1.03 per Diluted Share
Q1 2012 Discretionary Cash Flow Totals a Record $351.9 Million
Raising Mid-Point of 2012 Guidance Post Trust Offering to 29.6 MMBOE (80,874 BOE/d) on $1.8 Billion Capital Budget
Company Reports Continuing Success in Williston Basin Bakken, Permian Basin Wolfcamp and DJ Basin Niobrara
DENVER, Apr 25, 2012 (BUSINESS WIRE) -- Whiting Petroleum Corporation's (NYSE: WLL) production in the first quarter of 2012 totaled a record 7.348 million barrels of oil equivalent (MMBOE), of which 85% were crude oil/natural gas liquids. This first quarter 2012 production total is a new record daily average production rate of 80,747 barrels of oil equivalent (BOE). The first quarter average daily production rate of 80,747 BOE represented a 22% increase over the first quarter 2011 average daily rate and a 14% increase over the 70,685 BOE per day in the fourth quarter of 2011.
Despite the conveyance of approximately 4,500 BOE per day of production from Whiting Petroleum Corporation to Whiting USA Trust II ("Trust II"), we are raising our production guidance for 2012. For 2012, we project a range of 29.0 MMBOE to 30.2 MMBOE or 79,235 BOE per day to 82,515 BOE per day, which equates to a 17% to 22% increase over the 24.8 MMBOE produced in 2011. This compares to our prior guidance of 28.30 MMBOE to 29.70 MMBOE or 77,300 BOE per day to 81,100 BOE per day, which included Trust II volumes. We believe that strong drilling results and the solid performance of our two EOR projects will offset the production conveyed to Trust II.
In the second quarter of 2012, we project production of 7.0 MMBOE to 7.4 MMBOE or 76,925 BOE per day to 81,320 BOE per day. This compares to first quarter production of 7.348 MMBOE or 80,747 BOE per day, which included the approximate 4,500 BOE per day associated with Trust II. These volumes are excluded from our revised second quarter and full-year 2012 production guidance....
...Mr. Volker added, "We plan to step up our drilling activity at Big Tex and Redtail as well as the Bakken and Three Forks in the Williston Basin of North Dakota and Montana. In the Williston Basin, we currently plan to increase to a total of 24 rigs by September 2012."
Huge amount of information in that press release. I've not read it all.
DeleteMy database showed 15 WLL rigs in North Dakota (I do not know how many they had in Montana) but the increase to 24 by 3Q12 is perhaps the most interesting data point.