Whiting Hits Record Production in the Fourth-Quarter of 2013

February 27, 2014 Kirk Eggleston

Whiting Bakken Acreage Map

Whiting Petroleum had record production in 2013 of 94,090 boe/d across its portfolio. That's up 14% from 2012 production of 82,540 boe/d.

In the fourth-quarter of 2013, Whiting's production hit the 100,000 boe/d mark. That's up 9% from the third-quarter.

The strong production numbers are due largely to the company's development of core Bakken assets in North Dakota and Montana.

Whiting Petroleum's Bakken & Three Forks Fourth-Quarter Production

Whiting's fourth-quarter production was up across its core Bakken North Dakota and Montana assets. Production numbers for the fourth-quarter are as follows:

Western Williston Basin - 17,790 boe/d
Southern Williston Basin - 15,065 boe/d
Sanish Field - net production of 40,370 boe/d

Whiting's Western Williston Basin Highlights - 2013

Whiting's Western Williston Basin assets are comprised of the Hidden Bench, Tarpon, Missouri Breaks and Cassandra fields. These areas represent a total of 204,198 gross (121,909 net) acres.

Production was up 30% for Whiting's Western Williston Basin assets from the third-quarter total of 13,710 boe/d. Among all of Whitings assets, this is the largest production increase quarter-over-quarter.

In the Hidden Bench Field, Whiting tested its new completion design, which utilizes cemented liners. Two wells in this field where the completion design was applied yielded an average of ~1,320 boe/d per well. According to the company, wells completed using the new completion design had average initial production (IP) rates 53% better than wells completed with Whiting's previous completion design.

Whiting's Southern Williston Basin and Sanish Field Highlights - 2013

Whiting's Southern Williston Basin assets include the Pronghorn and Lewis & Clark fields. These areas represent 392,483 gross (263,376 net) acres. Production was up 6% in the fourth-quarter 2013 from third-quarter 2013 production of 14,610 boe/d.

In the Sanish, average net production in the fourth-quarter increased 10% from third-quarter production of 36,840 boe/d. Two infill wells, testing an eight-well testing pattern, yielded an average of ~1,350 boe/d per well. These wells were completed using the company's new completion design.