Whiting USA Trust II reported earnings results for the fourth quarter ended December 31, 2015. For the quarter, the company reported oil sales volume was, 267,038 Bbl, natural gas were 424,575 Mcf and total sale were 337,800 BOE. Total gross proceeds were $10,369,451. Net losses were $102,709. Total cash available for the Trust was $92,438. Crude oil average realized price $35.18 per Bbl. Natural gas average realized price $2.30 per Mcf.

The company announced 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.