Denver-based Whiting Petroleum Corporation (stock ticker: WLL) has named former Noble Energy executive Charles J. (Chip) Rimer as its chief operating officer, effective November 15. “With Chip on the team, we have completed our transition from a function based, hierarchical structure to a dynamic, team-based organization,” said Brad Holly, chairman and CEO of Whiting. “His deep understanding of what drives
Highest net income since Q3 2014 Whiting Petroleum (ticker: WLL) announced third quarter results today, showing net income of $121.4 million, or $1.33 per share. This is the strongest earnings reported by Whiting since Q3 2014. Whiting produced 128.7 MBOEPD in Q3, up 2% from last quarter’s output. The company spent $207 million in CapEx this quarter, nearly even with
New space will deliver flexibility, energy company will build it to accommodate ‘asset team’ business model From Business Den A 38-year-old oil company is moving its Denver headquarters for the first time, reducing its office footprint as it shuffles across the street. Whiting Petroleum Corp. has leased approximately 135,000 square feet across five floors of the Wells Fargo Center at
Whiting Petroleum Corporation Names Tim Sulser Chief Corporate Development and Strategy Officer
Whiting Petroleum (NYSE: WLL) reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders. Excerpts from the company’s Q2 call is included below. Q: Looking at that slide 7, it shows entire position there now including the bolt-on, your thoughts about moving rigs around. I see where you’ve got the rigs positioned there, could you talk
Whiting Petroleum Corporation (NYSE: WLL) Company Overview Whiting Petroleum Corporation, founded in 1980, is an independent E&P company with an oil-focused asset base, principally in the Williston Basin. Whiting possesses 409,593 net acres in the Bakken/Three Forks resource play in the Williston in North Dakota and Montana and 99,194 net acres in the DJ Basin of Colorado. Whiting also recently
Whiting Petroleum Corporation (NYSE: WLL) today announced that it has extended its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior Notes due 2026 (“New Notes”). The Exchange Offer, which was initially scheduled to expire on July 5, 2018 at 5:00
Produced 127 MBOEPD in Q1 Whiting Petroleum Corporation (ticker: WLL) is an independent exploration and production company focused on an oil asset base in North Dakota’s Williston Basin. Headquartered in Denver, Colorado, Whiting is one of the largest crude oil producers in North Dakota. Whiting produced an average of 127 MBOEPD in the first quarter of 2018. The company drilled
Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an estimated average annual production of 128,400 BOEPD. In the Williston Basin alone, production is forecasted to grow 14% from Q4
Whiting announces completion of offering of $1 billion of senior notes due 2026 in addition to irrevocable notice of redemption of 2019 notes Whiting Petroleum Corporation (ticker: WLL) announced today that it completed its previously announced private unregistered offering to eligible purchasers of $1 billion aggregate principal amount of 6.625% senior notes due 2026 (referred to as the “notes”). Whiting
Continental, Whiting, others shift positions from 2 years ago The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state. The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart. The NDIC data from September 2015, however, delivers a shuffled order of companies
According to an SEC 8-K form filed December 7, 2017, the board of directors at Whiting Petroleum Corporation have “concluded that a material charge for impairment to one of its assets was required under generally accepted accounting principles applicable to the company.” The asset in question is the company’s Redtail field in the DJ Basin. The company expects to record
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