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Whiting Petroleum Corp
August 2011 Presentation
| James T Brown | Page 4 of 11 |
November 23, 2014
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3 Company Overview Drilling the Hutchins Stock Association #1096 in North Ward Estes Field, Whiting?s EOR project in Ward and Winkler County, Texas. 1 Assumes a $59.02 share price (closing price as of August 1, 2011) on 117,380,843 common shares outstanding as of June 30, 2011. 2 As of June 30, 2011. Please refer to Slide #53 for details. 3 Whiting reserves at December 31, 2010 based on independent engineering. 4 R/P ratio based on year-end 2010 proved reserves and 2010 production. Market Capitalization1 $6.9 B Long-term Debt2 $1,060 MM Shares Outstanding 117.4 MM Debt/Total Cap2 27.8% Proved reserves3 304.9 MMBOE % Oil 83% RP ratio4 12.9 years Q2 2011 Production 64.1 MBOE/d