Reuters  35 min ago  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...
SeekingAlpha  Oct 9  Comment 
By IAEResearch: Kodiak's (NYSE:KOG) prospective merger with Whiting (NYSE:WLL) will be beneficial for both companies as the new entity will have the largest liquid acreage in Bakken - the advantage of the scale will allow both these companies to...
Forbes  Oct 1  Comment 
Investors considering a purchase of Whiting Petroleum Corp (NYSE: WLL) stock, but cautious about paying the going market price of $78.53/share, might benefit from considering selling puts among the alternative strategies at their disposal. One...
Motley Fool  Sep 23  Comment 
Thanks to an announcement that it is merging with Whiting Petroleum Corp Kodiak Oil & Gas Corp’s stock is up more than 20% -- and the merger very well could have saved the stock from a rough year.
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...


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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