QUOTE AND NEWS
TheStreet.com  2 hrs ago  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...
TheStreet.com  Sep 1  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are falling by 1.91% to $18.96 in mid-morning trading on Tuesday, as some stocks within the energy sector tumble due to the decline in oil prices. The commodity is shaking off gains from...
TheStreet.com  Aug 31  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were gaining 10.2% to $19.40 Monday as oil prices spiked higher after losses earlier in the day, continuing the commodity's rally from last week. WTI crude oil for October delivery was up...
TheStreet.com  Aug 28  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum   stock is climbing by 3.64% to $17.36 in late morning trading on Friday, as oil prices rally for a second day. Following the biggest one-day gain since January yesterday, crude oil (WTI) is higher...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum were gaining by 13.9% to $16.74 on Thursday morning, as oil prices rebounded from recent losses. WTI crude oil for October delivery was up 4.72% to $40.42 a barrel Thursday morning, and Brent...
TheStreet.com  Aug 25  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum  stock is increasing 3.72% to $15.46 in early afternoon trading on Tuesday as oil prices rally with global markets after China cut interest rates. China's central bank lowered interest rates and...
TheStreet.com  Aug 24  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are down by 8.65% to $14.47 in mid-morning trading on Monday, as oil prices reached new six month lows today due to concerns about global economic growth driven by the decline in Chinese...
TheStreet.com  Aug 21  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are down by 6.51% to $15.93 in early afternoon trading on Friday, as oil prices fall for the eighth consecutive week, the commodity's longest weekly drop in 29 years. Whiting Petroleum is a...




 
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
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