TheStreet.com  Mar 3  Comment 
NEW YORK (TheStreet) -- Shares of oil company Whiting Petroleum were gaining 2.7% to $33.77 Tuesday as oil prices rallied after Monday's losses due to fighting in Libya. WTI crude oil for April delivery was gaining 1.8% to $50.47 a barrel...
TheStreet.com  Mar 2  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum shares are down 2.87% to $32.84 in trading on Monday as oil prices show volatility today.Light, sweet crude for April delivery reversed its earlier decline to turn positive, up 0.7% to $50.11, while...
Benzinga  Feb 27  Comment 
In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $60.00 price target on Whiting Petroleum Corp. (NYSE: WLL). In the report, Wunderlich Securities noted, "Buy-rated Whiting Petroleum (WLL)...
TheStreet.com  Feb 26  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are slumping by 5.79% to $34.64 in late morning trading on Thursday, after the independent oil and gas company issued its 2014 fourth quarter earnings results which showed the...
OilVoice  Feb 26  Comment 
Record 2014 Production 41.8 MMBOE 114.5 MBOEd Up 22 Over 2013 Q4 2014 Production of 131260 BOEd Up 13 Over Q3 2014 Proved Reserves Increase 78 to a Record 780.3 MMBOE Company Achieves 923 R
TheStreet.com  Feb 23  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are lower by 1.31% to $37.65 in early afternoon trading on Monday, as some stocks within the oil sector decline along with the price of oil. Crude oil (WTI) is falling by 2.72% to...
TheStreet.com  Feb 17  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are lower by 2.36% to $37.62 in mid-morning trading on Tuesday, as some stocks relating to the oil and energy sectors decline along with the price of the commodity. Crude oil (WTI) is...
TheStreet.com  Feb 13  Comment 
NEW YORK (TheStreet) --Shares of Whiting Petroleum Corp. are higher by 4.82% to $37.86 in mid-morning trading on Friday, as stocks within the oil and energy sector get a jolt today due to the rebound in the price of oil. Crude oil (WTI) is...


Whiting Petroleum Corporation (NYSE: WLL) is an independent oil & gas company that produces oil and natural gas throughout the United States.

Company Overview

Whiting Petroleum's growth plan is based on an oil and gas portfolio with low risk, long-lived projects that provide steady cash flows. [1] It acquires properties in the United States for future development and also sells them along with oil and gas reserves to contribute to its cash flow.

Business & Financial Metrics[2]

In 2009, WLL incurred a net loss of $106.9 million on total revenues of $979.4 million. This represents a turnaround from 2008, when the company generated a net income of $252.1 million on revenues of $1.32 billion.

Business Segments[3]

Whiting operates through a single business segment. The majority of the company's drilling and exploration is done in the Rocky Mountains.


Trends & Forces

Whiting is a Player in the Enormous Bakken Shale Formation

In North Dakota in the Rocky Mountain Region, Whiting has 83,033 net acres[4] in the enormous Bakken Shale Formation; the U.S. Geological Survey estimates there are upwards of 400 billion barrels[5] of recoverable oil there - an amount that is sufficient to meet US oil needs for 20 years.[6] Stretching across parts of North Dakota, Montana, and Southern Saskatchewan[6], better technology and techniques such as horizontal drilling are giving way to the development of the full Bakken Formation; higher oil prices also make drilling there more economical.


Whiting Petroleum competes with several other companies in many of the same fields and regions to produce and acquire gas and oil. Four main competitors include:


  1. WLL 10-K 2007, "Overview", Page 6
  2. WLL 2009 10-K pg. 43  
  3. 3.0 3.1 WLL 2009 10-K pg. 57  
  4. 6.0 6.1
  5. CLR 10-K 2007, "General", Page 1
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