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Title : Whiting Looking To Expand Footprint -- March 9, 2019
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Whiting Looking To Expand Footprint -- March 9, 2019

Natural Gas Intelligence has update on Whiting. This information was previously posted from a different source but it's a nice update.  The article is on fracking. Data points:

• Whiting has moved to what they call "generation 5.0" fracking (I'll get the link later)
• Generation 5.0 has resulted in Whiting re-designating some Tier 2 locations as Tier 1 locations
• CEO states that last year (2018), Whiting was able to perform "some of the most innovative and effective completions in the Bakken,” he said. That revolutionized thinking "about what constitutes best practices" in the Williston Basin, including success in the Cassandra area.
• Whiting is also looking for ways to increase its footprint (think Grail)
• Whiting is staying above the 88% natural gas re-capture rate (flaring) by focusing on areas where natural gas gathering and processing exist
• production:
• 4Q18: 129,960 bopd, up 8% y/y
• for full CY18, production averaged 127,980 bopd vs 118,120 bopd in 2017 
• CAPEX for 2019: $820 million
• plans to drill 132 wells; complete 154, and put 146 into production

Somewhat unclear from the article: "increase its footprint":

• to this by re-designating Tier 3/Tier 4 areas it controls to Tier 2/Tier 1?
• acquire additional Bakken acreage?

As discussed on the blog some weeks ago, I'm looking for Whiting or CLR to show interest in QEP's "Helis Grail" oil field.

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