TheStreet.com  Dec 19  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  , the largest producer from North Dakota's Bakken shale-oil rock formation, is poised for double-digit production growth in the backdrop of low oil prices. Earlier this month, Denver-based Whiting...
TheStreet.com  Dec 18  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  are climbing, higher by 1.82% to $30.75 this morning, as U.S. stocks rally after the Federal Reserve said yesterday that it would be patient in increasing interest rates. Brent crude...
Motley Fool  Dec 17  Comment 
Whiting Petroleum Corp spent $6 billion to buy its Bakken rival to become king of that North Dakota shale play.
TheStreet.com  Dec 17  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  soared 16.51% to $30.34 in afternoon trading Wednesday as oil prices recovered. Brent crude hit an intraday low of $58.71 a barrel on London's ICE Futures exchange, according to the Wall...
TheStreet.com  Dec 16  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  rose 9.03% to $27.30 in morning trading Tuesday as the energy sector rallied thanks in part to Repsol SA's $8.3 billion acquisition of Talisman Energy . Repsol agreed to pay $8 per...
Benzinga  Dec 16  Comment 
Analysts at Oppenheimer initiated coverage on Whiting Petroleum (NYSE: WLL) with a Outperform rating. The target price for Whiting Petroleum is set to $40. Whiting Petroleum shares have declined 58.56% over the past 52 weeks, while the S&P...
TheStreet.com  Dec 15  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are down by 4.71% to $26.31 in late morning trading on Monday, due to the drop in oil prices. Oil prices hit new five year lows on Monday, as OPEC showed no signs it is ready or...
TheStreet.com  Dec 12  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were falling 4.6% to $27.59 Friday, hitting a 52-week low of $26.82, as oil prices continued to fall and the International Energy Agency lowered its consumption forecast for 2015. WTI crude...
TheStreet.com  Dec 10  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are sinking, down 5.54% to $31.69 in late morning trading Wednesday, as oil prices continue to fall after the Organization of Petroleum Exporting Countries lowered its projection for global...
TheStreet.com  Dec 8  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  hit a 52-week low of $34.44 on Monday as oil prices hit a five-year low. Brent crude fell to $66.77, its lowest price since October 2009, amid concerns of continued oversupply. Brent was...


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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