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Last $18.25 USD
Change Today -0.14 / -0.76%
Volume 11.6M
WLL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

whiting petroleum corp (WLL) Snapshot

Open
$18.43
Previous Close
$18.39
Day High
$19.33
Day Low
$17.97
52 Week High
09/4/14 - $91.01
52 Week Low
08/24/15 - $13.50
Market Cap
3.7B
Average Volume 10 Days
13.5M
EPS TTM
$1.60
Shares Outstanding
204.1M
EX-Date
--
P/E TM
11.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for WHITING PETROLEUM CORP (WLL)

whiting petroleum corp (WLL) Related Businessweek News

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whiting petroleum corp (WLL) Details

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2014, the company’s estimated proved reserves totaled 780.3 million barrels of oil equivalent; and had interests in 4,471 net productive wells across approximately 886,700 net developed acres. Whiting Petroleum Corporation was founded in 1980 and is based in Denver, Colorado.

1,282 Employees
Last Reported Date: 02/27/15
Founded in 1980

whiting petroleum corp (WLL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $440.0K
Senior Vice President of Operations
Total Annual Compensation: $417.5K
Senior Vice President of Exploration and Deve...
Total Annual Compensation: $417.5K
Senior Vice President of Planning
Total Annual Compensation: $407.5K
Compensation as of Fiscal Year 2014.

whiting petroleum corp (WLL) Key Developments

Whiting Petroleum Corp. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Financial Guidance for Third Quarter and Fourth Quarter of 2015; Revises Production and Financial Guidance for 2015; Provides Production and Financial Guidance for 2016; Reports Impairment Expense for the Second Quarter Ended June 30, 2015

Whiting Petroleum Corp. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues and other income of $590,009,000 compared to $835,622,000 for the same period of last year. Loss before income taxes was $226,690,000 compared to income before income taxes of $251,343,000 for the same period of last year. Net loss available to common shareholders were $149,274,000 or $0.73 per diluted share compared to net income available to common shareholders of $151,444,000 or $1.26 per diluted share for the same period of last year. Adjusted net income was $9,171,000 or $0.04 per diluted share compared to $167,881,000 or $1.40 per diluted share for the same period of last year. Net cash provided by operating activities was $325,997,000 compared to $567,769,000 for the same period of last year. For the six months, total revenues and other income was $1,119,241,000 compared to $1,575,871,000 for the same period of last year. Loss before income taxes was $386,619,000 compared to income before income taxes of $436,755,000 for the same period of last year. Net loss available to common shareholders was $255,385,000 or $1.37 per diluted share compared to net income available to common shareholders of $260,513,000 or $2.17 per diluted share for the same period of last year. Adjusted net loss was $29,928,000 or $0.16 per diluted share compared to adjusted net income of $294,031,000 or $2.45 per diluted share for the same period of last year. Net cash provided by operating activities was $528,136,000 compared to $891,666,000 for the same period a year ago. For the quarter, the company produced 12,425 MBbl of oil, 1,298 MBbl of NGLs, 10,615 MMcf of natural gas and 15,492 MBOE of oil equivalents compared to 8,010 MBbl of oil, 787 MBbl of NGLs, 7,150 MMcf of natural gas and 9,988 MBOE of oil equivalents produced a year ago. The company reported production of 170,245 MBOE/d, a 2% increase over first quarter of 2015. The company also posted record Bakken/Three Forks production of 136,000 BOEs a day. The company reported a 24-hour rate of 4,300 BOEs a day from an enhanced completion well in Dunn County, one of the very best wells drilled in the county to date. In the Niobrara, Redtail production came in at 17,000 BOEs per day in the second quarter, up 31% over the first quarter. During the second quarter, the company sold additional noncore properties with high LOE per BOE for $185 million. For the six months, the company produced 24,606 MBbl of oil, 2,412 MBbl of NGLs, 20,988 MMcf of natural gas and 30,516 MBOE of oil equivalents compared to 15,251 MBbl of oil, 1,435 MBbl of NGLs, 13,852 MMcf of natural gas and 18,994 MBOE of oil equivalents produced a year ago. The company reported total production of 168.60 MBOE/d against 104.94 MBOE/d a year ago. For the third quarter, the company expects production of 14.7 to 15.1 MMBOE, interest expense per BOE of $5.50 to $5.90, depreciation, depletion and amortization per BOE of $20.75 to $21.75 and production taxes of 8.5% to 8.7%. With drop to an 8-rig program, the company projects capital expenditures of approximately $300 million in the third quarter of 2015. In the third quarter, the company forecasts production of 162,000 BOEs per day. The company plans to run eight rigs in the second half of 2015 against original plan for 11 rigs and have established a new 2015 capital budget of $2.15 billion against previous estimate of $2.3 billion. For the full year, the company expects production is to be in the range between from 59.2 MMBOE to 59.8 MMBOE, interest expense per BOE of $5.4 to $5.8, depreciation, depletion and amortization per BOE of $20.30 to $20.90 and production taxes is to be in the range between from 8.5% to 8.9%. The company expects 2016 capex and discretionary cash flow to be approximately equal at $1 billion and 2016 production to flatten out and average approximately 147,000 BOE/d. The company believes production could average 150,000 to 155,000 BOEs per day. In the fourth quarter, the company projects production of approximately 153,000 BOEs per day. The drop occurs because of the new 3-rig drop and because the number of new wells completed does not offset newly completed wells from earlier in the year that are declining off high-flush production. With drop to an 8-rig program, the company projects capital expenditures of approximately $250 million in the fourth quarter of 2015. For the second quarter ended June 30, 2015, the company reported impairment expense of $15,823,000 against $11,369,000 a year ago.

Whiting Petroleum Corporation Appoints Carin S. Knickel to its Board of Directors

Whiting Petroleum Corporation announced that it has appointed Carin S. Knickel to the company’s Board of Directors. Ms. Knickel served as Vice President, Human Resources of ConocoPhillips Inc. from 2003 until her retirement in 2012. She has 35 years of experience in the oil and gas industry beginning her career with Conoco in 1979, serving in the United States and Europe in executive, operations management, marketing, planning and business development positions.

Whiting Petroleum Corp. Provides Production Guidance for the Second Quarter and Full Year of 2015 and Capex Guidance for the First Half and Full Year of 2015

Whiting Petroleum Corporation provides Production Guidance for the second quarter and full year of 2015 and Capex Guidance for the first half and full year of 2015. The company estimates second quarter 2015 production totaled 15.5 million barrels of oil equivalent (MMBOE) or 170,245 barrels of oil equivalent per day (BOE/d). This represents a 2% increase over the first quarter 2015 despite non-core property sales of 8,300 BOE/d during the quarter and exceeds the high end of prior guidance. Based on these strong results, the company now project full-year 2015 production of 59.7 MMBOE or 7% growth over 2014. The company increasing 2015 capital budget forecast to $2.3 Billion from $2.0 Billion. The $300 million increase consists of a $158 million increase in operated drilling budget, a $120 million increase in non-operated drilling budget, and $22 million of rig termination fees incurred during the second quarter. The company estimate first half of 2015 capital expenditures totaled $1,590 million. In June, the company estimate capital spending totaled $155 million, a significant decrease from an average monthly rate of approximately $300 million in April and May. This decline was driven by a decrease in operated drilling activity with drop to a 10-rig program, agreement to monetize non-operated drilling expenditures, and a reduction in facilities spending upon the completion of two major gas plant expansion projects.

 

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