Whiting presents at EnerCom’s The Oil & Gas Conference®

Denver-based Whiting Petroleum Corporation (ticker: WLL) is an independent exploration and production company with an oil focused asset base and a strong production focus in North Dakota’s Bakken/Three Forks formations. Whiting is a top crude oil producer in North Dakota and operates substantial assets in northern Colorado.

Q2 highlights

  • Average production of 126,180 BOEPD
  • Net cash from operating activities of $310 million exceeded CapEx by $107 million
  • Diluted EPS of $0.02 and adjusted EPS of $0.62
  • Lease Operating Expense per BOE below Low End of Guidance
  • Bolt-On Acquisition Adds 55,000 Net Acres and 1,300 BOE/d for $130 Million

Breakout session at the EnerCom conference

During Whiting’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • How is the marketing team building up progress, how will this influence the sale price and revenue?
  • Could you talk about hedging strategy on oil price, given the company’s capital leverage level?
  • Can you talk about completions strategies?
  • Could you talk about how you manage an unconventional reservoir?
  • How will the pressure to generate free cash influence the company’s capital expenditures?
  • Does the company have the plan to divest its tier 2 assets? Is there any plan for using the proceeds to pay back the debt?
  • Could you talk about more on the debt payoff plan in 2020 and 2021?
  • How long are your service contracts?

You can listen to Whiting’s presentation here.

Legal Notice