The Bank of New York Mellon Trust Company, N.A., Corporate Trust

Mike Ulrich
919 Congress Ave, Suite 500
Austin, TX 78701
Phone: 512-236-6599

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Q – How long are the trust’s distributions expected to last?

A – Based on independent engineering at December 31, 2014, the net profits interest termination date is estimated to occur by January 31, 2015. That is the estimated time when 9.11 million barrels of oil equivalent (the oil and gas reserves attributable to the trust) are expected to be produced and sold.

Q – What will be the value of the units when the trust terminates?

A – Zero. There will be a final cash distribution to unit owners, and the properties associated with the trust will revert back to Whiting Petroleum Corporation.

Q – What percentage of the trust’s reserves is oil versus natural gas?

A – Based on year-end 2013 independent engineering, approximately 67% of the trust’s proved developed producing reserves were oil and 33% were natural gas.

Q – For tax reporting purposes, does the trust issue a K-1?

A – No. A tax guide will be sent to unit owners in January of each year. Typically, the tax information for the trust can be reported on a 1099.

Q – Who should I contact if I have questions about the trust?

A – Please contact the trustee: Mike Ulrich of The Bank of New York Mellon Trust Company at 512.236.6599.