QUOTE AND NEWS
Reuters  Mar 3  Comment 
While Colorado environmental groups work to put a ballot measure before voters this fall that could severely hobble the U.S. energy industry, Whiting Petroleum Corp is busy figuring out where in the state it can spend $10 billion over the next...
Reuters  Mar 2  Comment 
While Colorado environmental groups work to put a ballot measure before voters this fall that could severely hobble the U.S. energy industry, Whiting Petroleum Corp is busy figuring out where in the state it can spend $10 billion over the next...
StreetInsider.com  Feb 28  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/KLR+Group+Upgrades+Whiting+Petroleum+%28WLL%29+to+Buy/9229965.html for the full story.
SeekingAlpha  Feb 27  Comment 
Whiting Petroleum (WLL) Q4 2013 Earnings Call February 27, 2014 11:00 am ET Executives Eric Hagen - Vice President of Investor Relations James J. Volker - Chairman, Chief Executive Officer and Director of Whiting Oil & Gas...
TheStreet.com  Feb 27  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum Corp  is gaining on Thursday after quarterly revenue came in better than expected and management guided for increased production growth over 2014. By midmorning, shares had added 5.6% to $66.38. In the...
StreetInsider.com  Feb 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Whiting+Petroleum+Corp.+%28WLL%29+Posts+Mixed+Q4+Results/9221009.html for the full story.
Reuters  Feb 14  Comment 
A Whiting Petroleum Corp well in North Dakota lost control on Thursday evening and was leaking 200 barrels a day, the state's regulator said on Friday.     
SeekingAlpha  Feb 2  Comment 
By John Mylant: Investing in oil and gas companies that have the bulk of their properties in the United States can be a risky venture. If the price of gas and oil in North America goes down, it will have an adverse effect upon these companies. On...
StreetInsider.com  Jan 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Howard+Weil+Upgrades+Whiting+Petroleum+%28WLL%29+to+Focus+Stock/9036530.html for the full story.
Cellular News  Jan 8  Comment 
Pakistan's telecoms regulator temporarily suspended the WLL licenses held by PTCL for unauthorised use of radio spectrum. Click here for more.




 
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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