QUOTE AND NEWS
TheStreet.com  Aug 28  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum   stock is climbing by 3.64% to $17.36 in late morning trading on Friday, as oil prices rally for a second day. Following the biggest one-day gain since January yesterday, crude oil (WTI) is higher...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were gaining by 13.9% to $16.74 on Thursday morning, as oil prices rebounded from recent losses. WTI crude oil for October delivery was up 4.72% to $40.42 a barrel Thursday morning, and Brent...
TheStreet.com  Aug 25  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  stock is increasing 3.72% to $15.46 in early afternoon trading on Tuesday as oil prices rally with global markets after China cut interest rates. China's central bank lowered interest rates and...
TheStreet.com  Aug 24  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are down by 8.65% to $14.47 in mid-morning trading on Monday, as oil prices reached new six month lows today due to concerns about global economic growth driven by the decline in Chinese...
TheStreet.com  Aug 21  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are down by 6.51% to $15.93 in early afternoon trading on Friday, as oil prices fall for the eighth consecutive week, the commodity's longest weekly drop in 29 years. Whiting Petroleum is a...
TheStreet.com  Aug 19  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  stock is lower by 10.38% to $17.18 in late morning trading on Wednesday, as oil prices fall on a persistent supply glut.  Oil prices hit their lowest point in nearly six and a half years today,...
Motley Fool  Aug 18  Comment 
Whiting Petroleum Corp.’s management team shares several insights on its second-quarter conference call.
TheStreet.com  Aug 17  Comment 
NEW YORK (TheStreet) --Shares of Whiting Petroleum are lower by 1.25% to $18.95 in late afternoon trading on Monday, as some energy and related stocks tumble along with the price of oil. Crude oil (WTI) is slipping by 1.44% to $41.89 per...
TheStreet.com  Aug 13  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum stock is decreasing 3.69% to $19.34 in afternoon trading on Thursday,  after crude oil prices fell on a stronger dollar and higher U.S. inventories. WTI crude is falling 2.54% to $42.20 a barrel,...




 
TOP CONTRIBUTORS

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.

IMAGE:WLL-Geo2009.jpg[3]

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.

Competition

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:

References

  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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