Whiting Petroleum – Oil & Gas 360

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

June 17, 2022

Oil and Gas 360 HOUSTON, June 16, 2022 /PRNewswire/ — Oasis Petroleum Inc. (NASDAQ: OAS) (“Oasis”) announced today that its Board of Directors has, subject to certain conditions, declared a special dividend of $15.00 per share of Oasis common stock. The special dividend is being declared in connection with, and its payment is subject to, the closing of Oasis’ previously

Whiting Petroleum announces increase to ownership in its Sanish operating area through acquisitions; 2022 operations guidance; declares first quarterly dividend payment and schedules fourth quarter earnings call 2022

February 8, 2022

Oil and Gas 360 Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced that it has entered into two separate definitive agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota. The Company also announced its 2022 capital, operating costs and production guidance, reflecting an operating plan focused on delivering sustainable free cash

Fundare Resources closes the acquisition of the Redtail Assets from Whiting Petroleum Company

September 28, 2021

PR Newswire Publisher’s Note: EnerCom worked with Fundare on logo development, branding and website design ahead of the closing the acquisition. DENVER, Sept. 28, 2021 /PRNewswire/ — Fundare Resources Company, LLC (“Fundare”), a Denver based, independent exploration and production company, announced today that is has completed the acquisition of oil and gas assets in the Denver-Julesburg Basin of Colorado (“Redtail assets”) from Whiting Petroleum Company (“Whiting”).

Analysis: Market for U.S. oil acreage booms along with crude price recovery

June 7, 2021

Reuters A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch. Sales of land parcels worth $6.9 billion have been announced in the first five months of 2021, almost eclipsing the $7 billion recorded in all of 2020,

Shale bankruptcies pile on, Lonestar latest to succumb to weak demand

October 1, 2020

Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30

Whiting Petroleum Corporation enters into restructuring support agreement with certain of its senior noteholders and files Chapter 11 Reorganization Plan and Disclosure Statement

April 24, 2020

Oil and Gas 360 DENVER Company intends to convert over $2.3 Billion of its Unsecured Notes and Certain Other Claims into a 97% ownership interest in the newly reorganized Company and exit Chapter 11 within the next 5 months Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they have entered into a restructuring support

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring

April 1, 2020

Whiting Petroleum Commences Chapter 11 Reorganizational Process to Right-Size Capital Structure DENVER–(BUSINESS WIRE)–Apr. 1, 2020– Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they had commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The Company has more than $585 million of

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

October 28, 2019

Source: Reuters (Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale producers ConocoPhillips (COP.N) and Concho Resources (CXO.N) this week kick off quarterly earnings reports for a group whipsawed this year by volatile pricing and investor demands

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

August 21, 2019

From Reuters In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow. School officials had expected enrollment to fall after the last oil price crash, starting in 2014, but it kept rising – one sign of

Whiting Petroleum Names New CFO

July 17, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Michael J. Stevens steps down as CFO, Correne S. Loeffler selected as replacement Whiting Petroleum Corporation (stock ticker: WLL), a Denver-based independent E&P with an oil-focused asset base, has named Correne S. Loeffler as Chief Financial Officer, effective August 1. She will replace Michael J. Stevens, who is stepping down after

Blackstone, Whiting, Callon Consider Bids for Shale Driller QEP: Bloomberg

May 21, 2019

Shale driller said it would explore sale after Elliott offer of $2 billion From Bloomberg QEP Resources Inc. has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp. and Callon Petroleum Co., according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott

Whiting Targets Free Cash at $55 Oil

February 27, 2019

Whiting generated free cash in each quarter of 2018 By Richard Rostad, analyst, Oil & Gas 360 Whiting Petroleum (ticker: WLL) announced fourth quarter results and reserves today, showing $204 million in net income, or $2.24 per share. This result is far better than the $798 million loss Whiting posted in Q4 2017, but after adjusting for derivatives and other

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