Whiting USA Trust  

(Public, OTCMKTS:WHXT)   Watch this stock  
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0.0910
+0.0010 (1.11%)
Apr 21 - Close
OTCMKTS data delayed by 15 mins - Disclaimer
Currency in USD
Range 0.09 - 0.10
52 week 0.02 - 3.24
Open 0.09
Vol / Avg. 42,769.00/223,817.00
Mkt cap 1.26M
P/E 0.04
Div/yield 0.28/2,001.49
EPS 2.10
Shares 13.86M
Beta 1.45
Inst. own 1%

Key stats and ratios

Q4 (Dec '14) 2014
Net profit margin 94.65% 95.35%
Operating margin 94.65% 95.35%
EBITD margin - 95.35%
Return on average assets 434.18% 259.29%
Return on average equity 434.18% 259.29%
CDP Score - -

Address

919 Congress Avenue, Suite 500
Austin, 78701
United States - Map
+1-512-2366599 (Phone)

Description

Whiting USA Trust I is a statutory trust formed by Whiting Petroleum Corporation (Whiting), an oil exploration and production company. It is formed under the Delaware Statutory Trust Act, pursuant to a trust agreement among Whiting Oil and Gas, a subsidiary of Whiting, as trustor; The Bank of New York Mellon Trust Company, N.A., as trustee, and Wilmington Trust Company as Delaware Trustee. The Trust acquires and holds the term net profits interest (NPI) for the benefit of the Trust unitholders pursuant to a conveyance to the Trust from Whiting Oil and Gas. The NPI is the only asset of the Trust, other than cash held for Trust expenses. The NPI is passive in nature, and the Trustee has no management control over and no responsibility relating to the operation of the underlying properties. The NPI entitles the Trust to receive 90% of the net proceeds from the sale of 9.11 million barrels of oil equivalent (MMBOE) (8.20 MMBOE at the 90% NPI) of production from the underlying properties.