Wall Street Journal  8 hrs ago  Comment 
Whiting Petroleum’s capitulation suggests oil price rallies will be capped in 2016.
TheStreet.com  Jul 30  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were falling 7.5% to $21.44 Thursday after the oil company missed analysts' estimates for revenue in the second quarter. Whiting Petroleum reported revenue of $590 million for the second...
OilVoice  Jul 30  Comment 
Record Q2 2015 Production of 170245 BOEd a 2 Increase over Q1 2015 Exceeds High End of Guidance Despite 8300 BOEd Property Sales Adjusted Net Income of 9.2 Million or 0.04 per Diluted Share
Market Intelligence Center  Jul 30  Comment 
After Wednesday’s trading in Whiting Petroleum (WLL) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 8.92% or 23.09% (for comparison purposes only), while providing 16.82%...
TheStreet.com  Jul 29  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum stock is decreasing by 2.08% to $22.70 in after-hours trading on Wednesday afternoon, after the company reported better-than-estimated earnings per share, but lower-than-expected revenue results for...
TheStreet.com  Jul 29  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum stock is gaining by 5.96% to $22.95 on heavy trading volume on Wednesday afternoon, as oil prices gained after U.S. crude inventories fell more than expected last week. WTI crude for September...
OilVoice  Jul 28  Comment 
Whiting Petroleum Corporation NYSE WLL today announced that it has appointed Carin S. Knickel to the Companys Board of Directors. Ms. Knickel served as Vice President Human Resources of ConocoPhi


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