Market Intelligence Center  Sep 16  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artifical Intelligence Center found a trading opportunity with Whiting Petroleum (WLL) that should provide a 6.23% return in just 95 days. Sell one Dec. '14...
Benzinga  Sep 15  Comment 
Analysts at BMO Capital initiated coverage on Winnebago Industries (NYSE: WGO) with a Outperform rating. The target price for Winnebago Industries is set to $30. Winnebago's shares closed at $23.46 on Friday. Deutsche Bank initiated coverage on...
Benzinga  Sep 15  Comment 
Analysts at Cann initiated coverage on shares of Whiting Petroleum (NYSE: WLL) with a Buy rating. The target price for Whiting Petroleum is set to $108. Whiting Petroleum shares have surged 58.14% over the past 52 weeks, while the S&P 500...
Market Intelligence Center  Aug 28  Comment 
Wednesday’s trading in Whiting Petroleum (WLL) gives options traders an opportunity for a 3.48% return. By selling the Oct. '14 $90.00 call and buying the Jan. '16 call at the $35.00 level for a net debit of $53.15, traders will book a profit as...
SeekingAlpha  Aug 26  Comment 
By Value Hunters: Whiting Petroleum Corp. (WLL) is an oil and gas producer involved in the exploration, acquisition and development of oil and natural gas fields in the U.S. Being limited to one geographical region has not hindered the company's...
SeekingAlpha  Aug 21  Comment 
By Stephen Simpson, CFA: Small-cap oil and gas company Bonanza Creek Energy (NYSE:BCEI) has come back well from concerns over an insufficient drilling inventory and the departure of three founding executives. Since I last wrote about the company,...
SeekingAlpha  Aug 12  Comment 
ByIAEResearch: Kodiak (NYSE:KOG) has been one of the best performers in the sector - the stock has gained over 35% since the start of the year. The company holds strong growth opportunities with the largest asset base in the high-yielding area of...
OilVoice  Aug 6  Comment 
Whiting Petroleum Corporation NYSE WLL announced that it has received notification of early termination of the waiting period under the HartScottRodino Antitrust Improvements Act of 1976 relating
SeekingAlpha  Aug 4  Comment 
ByRichard Zeits: Kodiak's (NYSE:KOG) no-premium merger with Whiting Petroleum (NYSE:WLL) announced three weeks ago probably disappointed many Kodiak shareholders. The company had been long rumored to be a willing seller - not a very frequent...
TheStreet.com  Jul 31  Comment 
NEW YORK (TheStreet) -- UBS raised its price target for Whiting Petroleum to $104 from $98 Thursday, reiterating its "buy" rating for the stock. The analyst firm also raised its EPS estimates for Whiting following the company's strong second...


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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