Exhibit 99.1




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



News Release





Whiting USA Trust II Announces Trust Quarterly Results


Austin, Texas, February  5, 2016 –  Whiting USA Trust  II  (OTC Symbol – WHZT) announced today that it determined there will be no distribution made to unitholders in the first quarter of 2016. This is due to the net profits interest generating a net loss during the fourth quarterly payment period of 2015, and when such net loss is combined with this period’s provision for estimated Trust expenses,  both of these amounts together offset the proceeds from sale of oil and gas properties in their entirety.  


Sales volumes, net losses and selected performance metrics for the quarter payment period were:












Sales volumes:





Oil (Bbl)(1)





Natural gas (Mcf)





Total (BOE)





Gross proceeds:





Oil sales(1)





Natural gas sales





Total gross proceeds










Lease operating expenses





Production taxes





Development costs





Cash settlements on commodity derivatives(2)





Total costs





Net losses





Percentage allocable to Trust’s Net Profits Interest





Total cash available for the Trust





Proceeds from sale of oil and gas properties(3)





Provision for estimated Trust expenses





Montana state income taxes withheld





Net cash proceeds available for distribution





Trust units outstanding





Cash distribution per Trust unit





Selected performance metrics:





Crude oil average realized price (per Bbl)(1)





Natural gas average realized price (per Mcf)





Lease operating expenses (per BOE) 





Production tax rate (percent of total gross proceeds)







The following information was filed by Whiting Usa Trust Ii (WHZT) on Friday, February 5, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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