Whiting Petroleum Corporation Company News
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Banks Backing Away from US Shale
Thursday, July 23, 2020One of the key sources of funding for American shale is evaporating, just as the the sector needs it more than ever.
Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
Chesapeake Bankruptcy Extends String of 2020 Shale Busts
Monday, June 29, 2020The shale bust has reached a grim milestone by claiming the pioneer of America's drilling renaissance.
Whiting's Bankruptcy Cuts $2.3B of Debt
Friday, April 24, 2020The Denver-based company agreed to give a 97 percent stake in the reorganized company to its noteholders.
Oil Collapse Drags the Whole Service Industry Down With It
Thursday, April 16, 2020Since the start of 2019, the oilfield services sector has lost almost 50,000 jobs, or about 13 percent of its workforce.
Shale Titan Whiting Petroleum Files for Bankruptcy
Wednesday, April 01, 2020The company, facing more than a quarter-billion dollar debt maturity, filed for bankruptcy Wednesday.
Whiting Reduces Capital Spend by 30 Percent
Tuesday, March 17, 2020The company expects to drop one rig and one completion crew within the next month.
Whiting Cuts 33 Percent of its Workforce
Wednesday, July 31, 2019U.S. independent Whiting Petroleum Corporation cut one-third of its workforce as it executes a restructuring of its business.
Whiting Petroleum Quarterly Loss Shrinks As Oil Prices Rise
Wednesday, October 25, 2017Whiting Petroleum posts a quarterly loss that was smaller than analysts had expected, due in part to higher crude prices.
Whiting Petroleum Names Bradley Holly As CEO
Tuesday, October 24, 2017Oil producer Whiting Petroleum Corp said it has appointed Bradley Holly as chief executive officer.
Whiting Petroleum Slashes 2017 Budget After Quarterly Loss
Wednesday, July 26, 2017Whiting Petroleum slashed its 2017 budget by 14%, the latest company to curtail spending due to weak commodity prices.
Whiting to Lay Off More Than 100 Workers in Texas
Thursday, September 08, 2016Denver-based Whiting Petroleum Corp. will lay off 100 workers due to the sale of some of its assets.
Whiting Petroleum Loss More Than Doubles
Wednesday, July 27, 2016Whiting Petroleum Corp, North Dakota's largest oil producer, posted a worse-than-expected quarterly loss as production fell and crude prices dropped.
US Shale's Message For OPEC: Above $40, We Are Coming Back
Monday, February 29, 2016For leading US shale oil producers, $40 is the new $70.
Whiting Petroleum To Stop Fracking As Budget Slashed
Wednesday, February 24, 2016Whiting slashes its 2016 budget by 80%, saying it will suspend all fracking operations and reduce output to wait for higher crude prices.
Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Monday, December 14, 2015Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.
Whiting Writes Off $2.57B In Assets, Including Kodiak
Wednesday, October 28, 2015Whiting Petroleum wrote down $2.57 billion in assets, including its 2014 buyout of rival Kodiak Oil.
Shale Driller Debt Burden Puts 400,000 Oil Barrels at Risk
Friday, September 18, 2015As much as 400,000 barrels a day of oil production is at risk as US shale companies like run out of money and slow drilling.
Whiting Would Add Rigs If Oil Prices Hit $70 Per Barrel
Thursday, April 30, 2015Whiting Petroleum plans to keep 11 drilling rigs operating through 2016, though it would add "a couple of rigs" if crude prices rise to $70 a barrel, its chief executive says.
Whiting Posts Smaller-Than-Expected Loss, Aided By Cost Cuts
Wednesday, April 29, 2015Whiting Petroleum posts a quarterly loss that was narrower than Wall Street expected as the company slashed spending amid a steep drop in crude oil prices.
Whiting CEO Says Can Still Grow At Current Oil Prices
Wednesday, April 01, 2015Whiting can remain profitable and increase production even at current crude prices, Chief Executive Jim Volker says.
Oil Companies Seen Cutting Spending 25 Percent in 2015 Due to Falling Crude
Monday, December 22, 2014Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts say, as firms try to stay cash-flow positive and keep debt in check.
Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
Whiting Petroleum Profit Beats As Bakken Production Surges
Wednesday, July 30, 2014Whiting Petroleum posts a better-than-expected quarterly profit as oil and natural gas production jumped across the company's wells in North Dakota and Colorado's shale formations.
Whiting To Buy Kodiak For $3.8B, Create No. 1 Bakken Producer
Monday, July 14, 2014Whiting Petroleum says it will acquire Kodiak Oil & Gas for $3.8B in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc.
Whiting Petroleum Posts 4Q Loss As Costs Spike, Sees Output Rising
Wednesday, February 26, 2014Whiting posts a quarterly loss as the company's exploration, production and interest costs spiked, but met Wall Street expectations.
Oil Well In North Dakota Out Of Control, Leaking
Friday, February 14, 2014A Whiting Petroleum oil well in North Dakota was leaking drilling fluids after a blowout late on Thursday, the company says.
Feds: Oil from Dakota Fields Improperly Classified
Wednesday, February 05, 2014Government investigators have found crude oil being transported from North Dakota's Bakken region was misclassified in samples taken from 11 out of 18 truck shipments en route to rail loading stations, federal transportation officials say.
Whiting Touts Flow Rates at Lewis & Clark Prospect
Monday, September 26, 2011"Our recent well results at Lewis & Clark demonstrate that we are generating some of the industry's best initial production rates from the Three Forks formation in the entire Williston Basin," said James J. Volker.
Whiting Declares Dividend
Monday, August 15, 2011Whiting declared a dividend of $1.5625 per share.
Whiting Posts Production Rates for Williston Basin Wells
Thursday, August 04, 2011Whiting released information on six western Williston Basin areas within its Lewis & Clark prospect and three nearby prospects.
Whiting Boosts 2Q Production in 2011, Ups Capex to $1.6B
Thursday, July 28, 2011Whiting's production in the second quarter of 2011 totaled 5.84 MMboe, of which 4.79 million barrels were crude oil/natural gas liquids (82%) and 1.05 MMBOE was natural gas (18%).
Baker Hughes Installs 40-Stage Openhole Completion in Williston Basin
Thursday, March 10, 2011Baker Hughes has successfully installed a 40-stage openhole completion system in the Williston Basin for Whiting.
Whiting Declares Dividend
Wednesday, February 16, 2011Whiting Petroleum declared a dividend of $1.5625 per share.
Whiting Shuts-In ND Well
Wednesday, November 24, 2010Whiting had stopped flow from the well and the well is shut-in and secure.
Whiting Petroleum Briefs Bakken Well Incident
Monday, November 22, 2010Whiting Petroleum reported that a valve near the wellhead failed at its Bakken well.
Whiting Petroleum Spotlights 3Q Financial, Operational Results
Wednesday, October 27, 2010Whiting reported third quarter 2010 net income available to common stockholders of $5.6 million, or $0.12 per basic and diluted share, on total revenues of $373.7 million.
Whiting Petroleum Completes 2 Wells in North Dakota
Tuesday, September 28, 2010Whiting Petroleum recently completed two new producers at its Lewis & Clark Prospect in Stark, Billings and Golden Valley Counties, North Dakota.
Whiting Petroleum Completes Offering of Senior Notes
Friday, September 24, 2010Whiting Petroleum has completed a public offering of $350 million aggregate principal amount of its 61/2% senior subordinated notes.
Whiting Petroleum Prices Senior Notes
Monday, September 20, 2010Whiting Petroleum has commenced a public offering of $350 million aggregate principal amount of senior subordinated notes due 2018.
Whiting Petroleum Anticipates Low Production in 3Q
Friday, September 17, 2010Whiting Petroleum's production for the third quarter of 2010 has been impacted by pipeline maintenance on the Enbridge system.
Whiting Petroleum Concludes Redemption of Senior Subordinated Notes
Wednesday, September 08, 2010Whiting Petroleum has completed the previously announced redemption of all its $150 million aggregate principal amount of 7 1/4% Senior Subordinated Notes.
Whiting Petroleum Expands Presence in Williston Basin
Tuesday, September 07, 2010Whiting Petroleum has acquired oil and gas leasehold interests covering 111,966 gross acres in the Montana portion of the Williston Basin from undisclosed sellers.
Whiting Petroleum Ramps Production at ND Wells
Monday, August 23, 2010Whiting Petroleum reported that it recently completed four new producers in its Sanish field in Mountrail County, North Dakota.
Whiting Petroleum Says Hello to New BOD Member
Wednesday, August 11, 2010Whiting has named Philip E. Doty to the Company's Board of Directors effective August 11, 2010.
Whiting Petroleum Completes 6 Bakken Wells
Monday, June 07, 2010Whiting Petroleum recently completed six prolific Bakken wells in its Sanish field in Mountrail County, North Dakota.
MSI Completes Major Buried Array in Williston Basin
Wednesday, March 10, 2010MicroSeismic has completed installation of a Buried Array system in the Williston Basin's Sanish Field for Whiting Oil & Gas Corporation.
Whiting Petroleum Closes on Royalty Interests in Permian Basin
Wednesday, December 23, 2009Whiting Petroleum has closed on its second acquisition of additional royalty and overriding royalty interests in the Company's North Ward Estes field and various other fields in the Permian Basin.
Baker Hughes Achieves 24-Stage Openhole Isolation in Bakken Shale
Tuesday, October 27, 2009Baker Hughes successfully ran a 24-stage completion in the Williston Basin for Whiting Petroleum Corp. This is among the largest number of stages ever run using a ball/sleeve method for isolation.
Whiting Petroleum Completes Share Public Offering
Tuesday, June 23, 2009Whiting Petroleum completed its public offering of 3,450,000 shares of 6.25% convertible perpetual preferred stock at a price of $100.00 per share to the public.