Whiting USA Trust I (the Trust) is a statutory trust. The Trust was created to acquire and hold the term net profits interest (NPI). The Trust principally sells its oil and natural gas production to end-users, marketers and other purchasers that have access to nearby pipeline facilities. As of December 31, 2014, the Trust had approximately 76 thousands BOE (MBOE) of proved oil and gas reserve attributable to it, and all of the Trust's reserves were located within the United States. As of December 31, 2014, on a cumulative accrual basis had approximately 8.11 million BOE (MMBOE) of the Trust's total approximately 8.20 MMBOE was produced and sold.