TheStreet.com  16 min ago  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are falling by 1.24% to $32.59 in late afternoon trading on Wednesday, as some energy and related stocks slide along with the price of oil, which is lower due to the rise in the dollar. The...
TheStreet.com  May 21  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum are up by 1.95% to $33.49 in mid-afternoon trading on Thursday, as some energy and related stocks get a boost from the rally in oil prices. Crude oil (WTI) is gaining by 2.51% to $60.46 per...
Benzinga  May 4  Comment 
In a report published Monday, analysts at Morgan Stanley upgraded Whiting Petroleum Corp (NYSE: WLL) to Overweight. The price target was set to $48. The company is expected to outperform, following a rebound in growth as well as reduction in...
Benzinga  May 1  Comment 
In a report published Friday, Oppenheimer analysts maintained an Outperform rating on Whiting Petroleum Corp (NYSE: WLL), while raising the price target from $40 to $47, after the company reported its 1Q15 results. Whiting Petroleum reported an...
Motley Fool  Apr 30  Comment 
Whiting Petroleum Corp. didn’t lose as much money as Wall Street feared.
Reuters  Apr 30  Comment 
* Chief Executive Jim Volker says objective for 2015 is to be profitable with oil prices at $50/barrel
TheStreet.com  Apr 29  Comment 
NEW YORK (TheStreet) -- Whiting Petroleum shares are declining 0.71% to $36.50 in after hours trading on Wednesday after the independent oil and gas company released its first quarter earnings results after the closing bell today.The...
Benzinga  Apr 29  Comment 
Whiting Petroleum Corp (NYSE: WLL) reported a narrower-than-expected loss for the first quarter, but the company's revenue misses analysts' expectations. The Denver, Colorado-based company posted a quarterly loss of $106.1 million, or $0.63 per...
Wall Street Journal  Apr 29  Comment 


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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