QUOTE AND NEWS
Market Intelligence Center  Nov 25  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Whiting Petroleum (WLL) today after it closed at $57.83 on Monday. For more conservative...
Benzinga  Oct 22  Comment 
Kodiak Oil & Gas Corp. (NYSE: KOG)("Kodiak"), today announced that it, in connection with the previously announced arrangement agreement entered into on July 13, 2014 with Whiting Petroleum Corporation ("Whiting") and a wholly-owned subsidiary of...
Market Intelligence Center  Oct 22  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Whiting Petroleum (WLL) today after it closed at $62.89 on Tuesday. For more conservative...
Market Intelligence Center  Oct 20  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithms on Whiting Petroleum (WLL) could yield about 7.08% (42.34% annualized, for comparison purposes only) in 61 days. Pair a long position in the stock with the Dec. '14...
Reuters  Oct 16  Comment 
While the recent slump in crude oil prices has fanned concern about the longevity of the U.S. shale boom, it's created a benefit of sorts for Whiting Petroleum...
Market Intelligence Center  Oct 15  Comment 
MarketIntelligenceCenter.com’s patented algorithms have chosen the Dec. '14 $55.00 call for a couple of hedged-trading ideas on Whiting Petroleum (WLL). A traditional covered call on Whiting Petroleum yields 7.91% (43.73% annualized, for...
TheStreet.com  Oct 14  Comment 
Updated from 2:44 p.m. ET with closing stock market and oil market prices. NEW YORK (TheStreet) -- Hedge fund Paulson & Co.ahas restated support foraWhiting Petroleum's aacquisition of Kodiak Oil & Gas ain spite of sinking oil prices that...




 
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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