TheStreet.com  Jan 21  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are jumping, higher by 8.01% to $28.60 in midday trading Wednesday, as Brent crude fluctuates near $49 a barrel, following optimistic comments by the Organization of the Petroleum Exporting...
TheStreet.com  Jan 16  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  rose 6.05% to $28.59 in morning trading Friday as oil prices rallied. WTI crude was up 2.36% to $47.34 at 10:24 a.m., while Brent crude was up 2.63% to $49.54, according to CNBC. Fellow...
TheStreet.com  Jan 13  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum shares are down 1.15% to $37.07 on Tuesday as oil prices continued their decline in trading today. West Texas crude for February delivery is down 1.5% to $45.38 per barrel while Brent crude is...
TheStreet.com  Jan 12  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are sinking, sharply down 10.61% to $27.96 in late morning trading Monday, as oil slumps to near six year low levels, continuing its months-long decline following a negative oil outlook by...
TheStreet.com  Jan 8  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  rose 5.36% to $30.94 in afternoon trading Thursday as oil prices stabilized. WTI crude remained unchanged near $49 as of 12:46 p.m., according to CNBC. TheStreet's Jim Cramer...
Market Intelligence Center  Jan 7  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithms on Whiting Petroleum (WLL) could yield about 13.04% (29.21% annualized, for comparison purposes only) in 163 days. Pair a long position in the stock with the Jun. '15...
TheStreet.com  Jan 6  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are sinking, down 3.53% to $28.69 in afternoon trading on Tuesday, as brent crude falls below $51 a barrel, with oil prices declining amid concerns over the global supply surplus. Global oil...
TheStreet.com  Jan 5  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are down by 11.90% to $29.24 in late morning trading on Monday, as oil and energy related stocks slump along with the price of oil. Crude for February delivery is lower by 4.44% to...
The Hindu Business Line  Jan 5  Comment 
Former Director General of CSIR R A Mashelkar said powerful multinational corporation lobby came in the way of wireless loop technology for affordable cellular phone system in the country.
TheStreet.com  Dec 31  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are down by 2.01% to $32.65 in late morning trading on Wednesday, as oil and energy related stocks fall along with the price of oil. Crude oil for February delivery is lower by 2.51%...


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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