TheStreet.com  Jun 29  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are slipping by 3.30% to $34.29 in early afternoon trading on Monday, as the continuing crisis in Greece surrounding the country's enormous debt weighs on oil prices. Some energy and other...
Market Intelligence Center  Jun 29  Comment 
Whiting Petroleum (WLL) traded between $35.20 and $36.00 before closing at $35.46 Friday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Sep. '15 $35.00 covered call for a net...
TheStreet.com  Jun 24  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are slipping by 1.15% to $35.34 in late afternoon trading on Wednesday, as the decline in oil prices brings some energy and related stocks down today. The commodity is falling after data from...
Forbes  Jun 24  Comment 
Looking back to 92 days ago, Whiting Petroleum Corp (NYSE: WLL) priced a 35,000,000 share secondary stock offering at $30.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would...
TheStreet.com  Jun 17  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are up by 1.16% to $35.61 in mid-morning trading on Wednesday as the rally in oil prices pushes energy and related stocks higher. The price of the commodity is rising due to strong demand...
TheStreet.com  Jun 5  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are rising by 4.65% to $33.79 in late afternoon trading on Friday, as some energy and related stocks get a jolt from the rebound in oil prices. Oil is gaining after Baker Hughes said that...
Benzinga  Jun 4  Comment 
Deutsche Bank upgraded Whiting Petroleum Corp (NYSE: WLL) from Hold to Buy. The price target for Whiting Petroleum has been raised from $38.00 to $43.00. Whiting Petroleum shares have dropped 54.87 percent over the past 52 weeks, while the S&P...
Market Intelligence Center  Jun 3  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 $33.79 on Tuesday. For more conservative...


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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki