Fantastic qtr for Whiting Petroleum just announced This company operates the wells for Whiting Trust l and will be making its distribution shortly . Big item is price is oil for qtr was $89.15 less hedges or $88.10 Natural gas was olso good. Start Reading and get some history .I believe WHX was paid last quarter in the $79 dollar bracket Stock is up in after hour trading for WLL
WLL Q1 $88.11 oil was their average sale price. Q2 they got $89.15
WLL does not pay WHX distribution from the sales and assets of what was released in the WLL report.
Now since they do operate the wells we can assume a similar trend in the WHX revenues...
WHX Q1 $77. Q2.... maybe $78
I don't think we should expect a big jump for WHX oil sale price. certainly not the 18%-30% some are claiming.
In fact this encourages me more to look at those puts.
Read your 10 K report on page 8 near the bottom it states As a result, the net proceeds to the Trust from the sales of oil, natural gas and natural gas liquid production from the underlying properties are determined based on the same price that Whiting received for oil, natural gas and natural gas liquid production attributable to Whiting s remaining interest in the underlying properties.. " This may not be the exact same, however the price should be very close as the wells are scattered among various regions.