Operator · Uinta Basin Play
Whiting Petroleum Corp.
80 articles mentioning Whiting Petroleum Corp. · Page 1 of 4
Whiting, Oasis Seal $6.0B Merger Deal; Form Chord Energy
Chord Energy Corp. has announced the successful completion of the combination of Whiting Petroleum Corp. and Oasis Petroleum Inc., creating a scaled unconventional U.S. oil producer with a premier Williston Basin position with top tier assets...
Whiting Petroleum First Quarter 2022 Results
Whiting Petroleum Corp. announced first quarter 2022 results. First Quarter 2022 Financial Highlights: Revenue was $527 million for the quarter ending March 31, 2022 Net loss (GAAP) was $37 million or $0.95 per diluted share Adjusted...
Whiting Petroleum Fourth Quarter, Full Year 2021 Results
Whiting Petroleum Corp. announced fourth quarter 2021 results. Fourth Quarter 2021 Highlights: Revenue was $473 million for the quarter ending December 31, 2021 Net income (GAAP) was $292 million or $7.34 per diluted share Adjusted net...
Whiting Talks 2022; Ups Spending Over 50%, Two-Rig Program
Whiting Petroleum Corp. has detailed its 2022 outlook following alongside their recently announced acquisition in the Bakken. 2022 Plan Capex: $360-400 million - up 58% at the midpoint vs. 2021 Production: 91-95 mboepd - up 9%...
Whiting Petroleum Third Quarter 2021 Results
Whiting Petroleum Corp. announced third quarter 2021 results. Third Quarter 2021 Highlights: Revenue was $401 million for the quarter ending September 30, 2021 Net income (GAAP) was $198 million or $5.00 per diluted share Adjusted net...
Whiting Petroleum Second Quarter 2021 Results
Whiting Petroleum Corp. announced second quarter 2021 results. Second Quarter 2021 Highlights: Revenue was $352 million for the quarter ending June 30, 2021 Net loss (GAAP) was $62 million or $1.57 per diluted share Adjusted net...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...
Whiting Petroleum First Quarter 2021 Results
Whiting Petroleum Corp. announced first quarter 2021 results. First Quarter 2021 Highlights: Revenue was $307 million for the quarter ending March 31, 2021 Net loss (GAAP) was $0.9 million or $0.02 per diluted share Adjusted net...
Whiting Details 2021 Plans; Fourth Quarter, Full Year 2020 Results
Whiting Petroleum Corp. announced fourth quarter and full year 2020 results. 2021 Plan - Capex: $228-252 million - down 7% at the midpoint vs. 2020 levels - Production: 82-88 MBOEPD - down 14% from full year...
Whiting Details Preliminary Q4, Full Year 2020 Results
Whiting Petroleum Corp. issued preliminary fourth quarter 2020 operating results. For the fourth quarter of 2020, oil production exceeded the high end of the Company's guidance as it was positively impacted by a higher oil percentage...
Whiting Cutting Spending by $20MM (-8%) for 2021; IDs Capex of $240 Million
Whiting Petroleum Corp. announced its 2021 capital, operating costs and production guidance, reflecting an operating plan focused on delivering sustainable free cash flow. 2021 Guidance Highlights Forecasted annual oil production of 50 MBO per day, 85...
Whiting Petroleum Third Quarter 2020 Results
Whiting Petroleum Corp. announced third quarter 2020 results. Third Quarter 2020 Highlights Revenue was $184 million for the quarter ending September 30, 2020 Net income was $278 million, or $7.30 per diluted share for the quarter...
Whiting Revamps 2H20 Plans, Corporate Strategy; Cuts Workforce, Adjusts Exec Pay
Following its emergence from bankruptcy on September 1, 2020 as well as appointing industry veteran Lynn Peterson as its new CEO, Whiting Petroleum Corp. has revamped its corporate structure to save costs. Whiting also updated its...
Whiting Completes Bankruptcy; Will Resume Trading on NYSE
Whiting Petroleum Inc. has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all required actions and satisfying the remaining conditions to its Plan of Reorganization. In...
Industry Vet Lynn Peterson Poised to Take Helm of Whiting Petroleum
Whiting Petroleum Corp. has announced the expected appointment of Lynn Peterson, a 40-year oil and gas industry veteran, as Chief Executive Officer, effective as of the Company's anticipated emergence from chapter 11, which is projected to...
Court Orders Dakota Access / Bakken Oil Pipeline to Be Shut Down
A U.S. District Court today ordered the shut down and emptying of Energy Transfer's Dakota Access pipeline within 30 days. Currently, the Dakota Access pipeline (DAPL) transports about 570,000 bbl/d from the Bakken to the Gulf...
Bakken Operators Shut-In 450,000 Barrels Per Day, Rig Count Hits Lowest
May 7, 2020 The Department of Mineral Resources has established the Bakken Restart Task Force to facilitate rapid recovery of the oil and gas industry and supporting sectors impacted by COVID-related demand shock. The task force...
Corporate Greed: Whiting Execs Award Themselves $15MM in Cash Bonuses Prior to Ch. 11 Filing
Whiting Petroleum Corp.'s board handed its top executives $14.6 million in cash bonuses in the days leading up to the company's bankruptcy filing. The bonuses, to be paid immediately, were distributed to five of Whiting's lead...
Whiting Petroleum Files for Bankruptcy
Whiting Petroleum Corp. has filed for bankruptcy one week after drawing down $650 million from its credit facility. The deal is a pre-packaged filing, reached with noteholders. In the days prior to filing for bankruptcy, Whiting...
Whiting Empties Credit Facility; Bonds in the Trash
Whiting Petroleum Inc. has drawn down the remaining $650 million on its credit facility. Then the company released the following statement: "The additional funding provides the Company with more than enough liquidity to continue its daily...