Analyst Update On Whiting -- MarketRealist -- June 25, 2018

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. I post these reports to help me understand the Bakken better.

This was posted earlier but a stand-alone post is more appropriate for the archives.

MarketRealist has a huge report on Whiting. Link here -- data points --

• 1Q18: production
• Williston Basin: 103,100 boepd (81% of company's total production)
• total production: 127,100 boepd
• 1Q18: wells
• drilled 24 in the Bakken; drilled none in it Redtail, DJ Basin, play
• put 19 wells into production in the Bakken; six into production in the DJ Basin
• future
• focusing on the Bakken
• may sell its Redtail assets
• CAPEX budget of $600 million
• Williston basin production is forecast to increase 14% year-over-year
• efficiencies discussed at the link
• CLR and WLL down to 8 - 10 days to reach TD after spud
• completion costs
• 2014: $9.1 billion
• 2018: $6.8 billion
• New:
• DAPL a "game-changer"
• it's the best destination to send crude from North Dakota
• it gets to Texas and then goes to the LLS crude oil markets, which trade closer to the Brent
• North Dakota's total production is about 1.2 million bopd and the pipeline by itself carries 1.4 million bopd

Much, much more at the link.