TheStreet.com  Apr 23  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are higher by 2.91% to $37.17 in early afternoon trading on Thursday, as some stocks within the energy sector get a boost from today's rise in oil prices. The commodity is gaining today due...
Motley Fool  Apr 22  Comment 
The impact of oil prices is by far the biggest thing threatening to doom Whiting Petroleum Corp. Here's why.
TheStreet.com  Apr 21  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are down by 4.51% to $34.74 in mid-afternoon trading on Tuesday, as some energy and related stocks fall today along with the price of oil. The commodity is slipping on expectations of...
Forbes  Apr 16  Comment 
The genius of Icahn is that he is willing to go where other big billionaire investors will not.
Benzinga  Apr 10  Comment 
Analysts at Canaccord Genuity downgraded Whiting Petroleum Corp. (NYSE: WLL) from Buy to Hold. The price target for Whiting Petroleum has been lowered from $35 to $34. Whiting Petroleum shares have dropped 50.25% over the past 52 weeks,...
Benzinga  Apr 10  Comment 
TheStreet.com  Apr 10  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES Agenus was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: AGEN Ratings Report. Bemis was upgraded at Bank of America/Merrill Lynch to buy from neutral....
TheStreet.com  Apr 9  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are higher by 2.36% to $35.11 in late morning trading on Thursday, as oil prices reverse Wednesday's losses driving some energy stocks into the green today. Crude oil (WTI) is gaining...
Motley Fool  Apr 7  Comment 
Whiting Petroleum Corp’s CEO Jim Volker offers bullish comments on the company’s prospects.
TheStreet.com  Apr 6  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  rose 5.91% to $34.75 in afternoon trading on Monday as oil prices climbed. WTI crude was up 5.98% to $52.08 at 1:42 p.m., while Brent crude was up 5.66% to $58.06, according to CNBC....


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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