Whiting USA Trust II (WHZT)

Overview

Whiting USA Trust II is a strategic entity that captures limited-duration net profits interests derived from oil and gas assets located in significant energy provinces within the United States. The company's prominent holdings span vital regions such as the Permian Basin, Rocky Mountains, Gulf Coast, and Mid-Continent areas, making it a crucial player in the energy sector. Established in 2011, Whiting USA Trust II boasts an extensive portfolio comprising stakes in roughly 364.1 operational oil and natural gas wells. These wells are strategically distributed among 42 seasoned fields, all of which are characterized by solid production histories and are located across eight different states. The main office of the company is situated in Houston, Texas, and it functions as an affiliate of Whiting Petroleum Corporation.

Products and Services

• Net Profits Interest

  Whiting USA Trust II derives a limited-duration net profits interest from its portfolio of oil and gas assets. This financial structure allows the company to capture a share of the profits generated from the extraction and sale of hydrocarbons without owning the underlying assets outright.

• Operational Oil and Natural Gas Wells

  The trust is involved in approximately 364.1 operational oil and gas wells across key energy-producing regions. These wells are instrumental in generating revenue and contributing to the overall profitability of the trust.

• Diverse Portfolio

  Whiting USA Trust II's extensive holdings, which span eight different states and include 42 seasoned fields, ensure a diversified and resilient business model. This diversification safeguards against market volatility inherent in the energy sector.

• Investment in Established Fields

  All wells associated with Whiting USA Trust II are located in fields with established production histories. This focus on seasoned fields mitigates risks and enhances the potential for steady cash flow and returns on investment.

• Management and Operations

  As an affiliate of Whiting Petroleum Corporation, the trust benefits from the operational expertise and strategic oversight provided by its parent company. This affiliation not only enhances operational efficiency but also furthers its positioning within the competitive landscape of the energy sector.