Motley Fool  11 hrs ago  Comment 
The Bakken shale play could see more deals as producers look to expand and achieve operational efficiency.
DailyFinance  Jul 17  Comment 
Levi & Korsinsky is investigating the Board of Directors of Kodiak Oil & Gas Corp. (“Kodiak” or “the Company”) (NYSE: KOG) for possible breaches of fiduciary duty and other violations of state law in connection with ...
Motley Fool  Jul 17  Comment 
As Whiting Petroleum buys Kodiak Oil & Gas, it is establishing itself as the biggest Bakken/Three-Forks producer, surpassing Continental Resources.
Motley Fool  Jul 17  Comment 
While Whiting shareholders appear to have gotten the better end of the recent deal, Kodiak Oil & Gas shareholders should also benefit over the long term.
Market Intelligence Center  Jul 17  Comment 
Whiting Petroleum (WLL) is a good candidate for a covered call at the $87.50 level. The Sep. '14 call at that price should fetch a credit of about $4.90, which means the entire position has a net debit of about $83.06. This trade has 3.59%...
SeekingAlpha  Jul 15  Comment 
By The Value Investor: Whiting Petroleum (WLL) announced over the weekend that it has the intentions to acquire Kodiak Oil & Gas in order to create a premium Bakken player. Despite the deal, continued growth and potentially being an acquisition...
DailyFinance  Jul 15  Comment 
The Rosen Law Firm, P.A. is investigating the Board of Directors of Kodiak Oil & Gas Corp. (NYSE:KOG) for possible breaches of fiduciary duties and other violations of law by failing to adequately shop Kodiak Oil & Gas to...
Motley Fool  Jul 15  Comment 
Kodiak Oil & Gas investors that want to own a pure-play in the Bakken Shale still have Oasis Petroleum.
TheStreet.com  Jul 15  Comment 
Story updated at 9:50 a.m. to reflect market activity. NEW YORK (TheStreet) -- Whiting Petroleum was upgraded to "buy" from "neutral" by UBS Tuesday. Whiting Petroleum fell -0.3% to $84.31 in morning trading. The firm raised its price target...
TheStreet.com  Jul 15  Comment 
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- Here are some of the hot stocks Jim Cramer talked about on Monday's Mad Money on CNBC: BA data by YCharts Boeing...


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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