TheStreet.com  1 hr ago  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Inc. are down by 3.20% to $30.53 just before the market close on Friday afternoon, as declining oil prices have caused some energy and related stocks to plummet today. Crude oil (WTI) is...
Benzinga  9 hrs ago  Comment 
In a report published Friday, JP Morgan analyst Joseph Allman reiterated an Overweight rating and $45.00 price target on Whiting Petroleum Corp. (NYSE: WLL). In the report, JP Morgan noted, "Whiting issued equity, convertible notes and senior...
TheStreet.com  Mar 26  Comment 
NEW YORK (TheStreet) --Shares of Whiting Petroleum Corp. are higher by 1.58% to $32.07 at the start of trading on Thursday morning, as some energy stock get a jolt from the rise in oil prices. Crude oil (WTI) is gaining by 2.78% to $50.58 per...
Market Intelligence Center  Mar 26  Comment 
MarketIntelligenceCenter.com’s patented algorithms have chosen the Sep. '15 $30.00 call for a couple of hedged-trading ideas on Whiting Petroleum (WLL). A traditional covered call on Whiting Petroleum yields 12.91% (26.77% annualized, for...
TheStreet.com  Mar 25  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  is taking a tremendous haircut on Wednesday in the market. It was unable to find a buyer and was forced to issue a 35 million-share secondary. This is another clue that the bust phase of shale...
TheStreet.com  Mar 25  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum shares are gaining, up 1.02% to $31.23, on heavy volume trading Wednesday as rising oil prices lift the energy sector today.Industry benchmark Brent crude for May delivery prices are up 1.81% to $56.11...
Wall Street Journal  Mar 24  Comment 
Whiting Petroleum said it isn’t “pursuing any significant strategic transaction” and that it would issue more equity and take on more debt.


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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