James Volker, Chief Executive Officer and President of Whiting Petroleum Corporation (NYSE: WLL), presented today at EnerCom’s The Oil & Gas Conference 20®.
Whiting Petroleum Corporation is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain and Permian Basin regions of the United States. The company’s largest projects are in the Bakken and Three Forks plays in North Dakota, the Niobrara play in northeast Colorado and its Enhanced Oil Recovery field in Texas.
The company reported Q2’15 production of 170,245 BOEPD, with enhanced completions delivering production increases as high as 50% across its acreage. According to data from the North Dakota Department of Mineral Resources, Whiting holds five of the state’s top eight wells on an initial production basis.
Volker spoke at length about Whiting’s Redtail asset in a breakout session at The Oil & Gas Conference® 20, mentioning that he believes the asset can continue to grow at prices as low as $30/barrel. Other questions directed at management include:
- Can you tell us more about the Redtail and what you see in the Codell?
- How do you balance your development program as oil prices fluctuate?
- Are you getting any kind of production interference from your downspacing program?
- Has Kodiak Oil & Gas been fully integrated into your production and reserve numbers?
- What do you expect on your fall redetermination?
- Can you comment on potentially selling your midstream assets?
- Can you explain the thickness of the Codell formation as you move to the northeast?
