Whiting Petroleum Corporation

Whiting Petroleum — Investor Presentation (April 2020)

6 slides from Whiting Petroleum's investor presentation, Apr 1, 2020

  1. Slide 1: Whiting Petroleum Corporation Business Plan Overview Spring 2020

    Exhibit 99.3 CONFIDENTIAL Whiting Petroleum Corporation Business Plan Overview Spring 2020 NYSE: WLL 1 Exhibit 99.3 CONFIDENTIAL Whiting Petroleum Corporation Business Plan Overview Spring 2020 NYSE: WLL 1

  2. Slide 2: Important Notice to Recipients

    C CON ONF FIID DEN ENT TIIA AL L Important Notice to Recipients THIS CONFIDENTIAL PRESENTATION CONTAINS MATERIAL NON-PUBLIC INFORMATION CONCERNING WHITING PETROLEUM CORPORATION (“WHITING”) ITS AFFILIATES, OR THEIR RESPECTIVE SECURITIES (COLLECTIVELY, “COMPANY SECURITIES”). BY ACCEPTING THIS CONFIDEN

  3. Slide 3: Overview of Business Plan Assumptions

    CONFIDENTIAL Overview of Business Plan Assumptions NYMEX STRIP PRICING 2020E 2021E 2022E 2023E 2024E 2025E WTI Oil ($/Bbl) $35.25 $36.59 $39.83 $42.34 $44.23 $45.43 Commodity Pricing Mt. Belvieu Propane ($/Bbl) 14.06 15.28 16.28 16.82 16.98 17.01 (As of 3/16/2020) Henry Hub Gas ($/MMBtu) 2.03 2.35 2

  4. Slide 4: Overview of Business Plan Assumptions (cont'd)

    CONFIDENTIAL Overview of Business Plan Assumptions (cont’d) Spud Frac Pop 61 56 54 54 51 44 43 38 38 35 35 34 34 Gross Program 33 33 33 33 Overview 17 2020E 2021E 2022E 2023E 2024E 2025E $302 $165 $159 $124 $121 Total Capex ($MM) $121 2020E 2021E 2022E 2023E 2024E 2025E 125 PDP PDNP Undeveloped 100

  5. Slide 5: Business Plan Summary

    C CON ONF FIID DEN ENT TIIA AL L Business Plan Summary Assumes 3/16/20 Strip Pricing DAILY PRODUCTION (MBOE/D) CAPEX ($MM) 111 $302 83 77 71 67 62 $165 $159 $124 $121 $121 2020E 2021E 2022E 2023E 2024E 2025E 2020E 2021E 2022E 2023E 2024E 2025E (1) (1) EBITDA ($MM) CUMULATIVE UNLEVERED FREE CASH FLOW

  6. Slide 6: Unlevered Free Cash Flow Summary

    CONFIDENTIAL Unlevered Free Cash Flow Summary Assumes 3/16/20 Strip Pricing ($ in millions) 1Q20 2Q20 3Q20 4Q20 2020E 2021E 2022E 2023E 2024E 2025E Production Summary Crude Oil (MMBbls) 6 6 6 6 24 18 17 16 15 14 NGLs (MMboe) 2 2 2 2 8 6 5 5 4 4 Natural Gas (Bcf) 12 13 14 14 53 37 33 30 28 26 Total P

Whiting Petroleum — Investor Presentation (April 2020) on 6ix