FAQ’s

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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WHZ FAQ’s

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

A – The net profits interest will terminate on the later to occur of (1) December 31, 2021, or (2) the time when 11.79 million barrels of oil equivalent (the oil and gas reserves attributable to the trust) have been produced from the underlying properties 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 unitowners, 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 77% of the trust’s reserves were oil and natural gas liquids and 23% were natural gas.

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

A – No. A tax guide will be sent to unitowners 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.