Motley Fool  Sep 25  Comment 
Whiting Petroleum Corp. can balance its budget at $50 oil in 2016.
TheStreet.com  Sep 14  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  shares are tumbling 0.69% to $15.76 on Monday morning with falling oil prices due to weak Chinese economic data adding to the growing concerns about the world's second largest economy, Reuters...
TheStreet.com  Sep 11  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were falling 1.2% to $15.92 on Friday as oil prices were declining following a note from analyst firm Goldman Sachs on oil prices and demand. WTI crude oil for October delivery was down 2.57%...
TheStreet.com  Sep 9  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  stock is declining 9.26% to $16.86 in midday trading on Wednesday, as oil prices fall on the continued global supply glut. Oil prices are down today, despite China's indications that it will...
TheStreet.com  Sep 8  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  shares are down 2.21% to $18.11 on Tuesday afternoon with slumping oil prices, as mixed results of China's crude imports for August weighed down oil futures, Reuters reports. Crude oil is dropping...
TheStreet.com  Sep 3  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are up by 2.83% to $18.91 in early afternoon trading on Thursday, as the energy sector gets a jolt from the rise in oil prices. Crude oil (WTI) is climbing by 2.31% to $47.32 per barrel this...
TheStreet.com  Sep 2  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were falling 2.3% to $17.75 Wednesday as oil prices were falling for a second day in a row. WTI crude oil for October delivery was down 2.42% to $44.31 a barrel Wednesday morning, and Brent...


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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