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Whiting Petroleum Corp.

Company Summary

Description

Whiting Petroleum Corporation is one of the largest independent exploration and production companies in the USA with an oil focused asset base. We control one of the largest acreage positions in the Bakken/Three Forks resource play in the Williston Basin of North Dakota and Montana with 454,782 net acres in the oil productive sweet spots of the basin encompassing approximately 6,052 future gross drilling locations. From the Bakken and Three Forks resource play we have consistently been a top oil producer in North Dakota and across the Williston Basin. In the new and large oil prone sweet spot of the eastern DJ Basin of Colorado, we have 126,363 net acres. Similar to our Bakken and Three Forks acreage position, we are rapidly growing our Niobrara A, B, C and Codell interval production and have an estimated 6,318 future gross drilling locations in these zones.

Website

http://www.whiting.com/about-whiting-petroleum/

Operational Regions

  • Bakken
  • Three Forks Formation
  • Williston Basin
  • DJ Basin
  • Niobrara Basin

Financial Data:

NYSE:WLL from Google Finance

Tickers:

  • WLL - New York Stock Exchange

Related Entities

Recent news

  • 3/7/2022 - Whiting Petroleum &... (subscriber access)
  • 2/25/2022 - Whiting Petroleum Issues... (subscriber access)
  • 2/25/2022 - Whiting Petroleum Issues... (subscriber access)
  • 2/25/2022 - Whiting Petroleum... (subscriber access)
  • 2/9/2022 - Whiting Petroleum... (subscriber access)

Investor Presentations

  • 4Q21 Earnings Presentation
  • 4Q19 Investor Presentation (subscriber access)
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • June 2018 JP Morgan Energy Conference Presentation (subscriber access)
  • June 2018 JP Morgan Energy Conference Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Presentation (subscriber access)
  • January 2018 Corporate Presentation (subscriber access)
  • Third Quarter 2017 Results (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • May 2017 Corporate Presentation (subscriber access)
  • Fourth Quarter 2016 Earnings Presentation (subscriber access)
  • Investor Presentation - December 2016 (subscriber access)
  • Sept. 2016 - Barclays CEO Energy-Power Conference (subscriber access)
  • Investor Presentation - August 2016 (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • August 2016 Investor Presentation (subscriber access)
  • Whiting First Quarter 2016 Webcast (subscriber access)
  • IPAA Oil and Gas Investment Presentation (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Merger

DETAILS:

COST: 6 $B

NOTES:
Whiting Petroleum & Oasis Petroleum have announced an agreement to combine via a merger of equals, which will create a combined firm with more than 972K net acres in the Williston. The deal holds an equity value of $6 billion and closing is targeted in the second half of 2022.
REGIONS:
  • Williston Basin
  • Date: 3/30/2022
    Type: Acquisition

    DETAILS:

    COST: 273 $MM

    VOLUMES: 4.5 MBOE/d

    ACRES: 14563 Acres

    NOTES:
    Whiting Petroleum has signed deals with two private companies to bolster their non-operated Williston Basin oil and gas assets for $273 million in cash. Both packages are located in Mountrail County, North Dakota and will increase their working interest from 61% to 74% within the Sanish Field.
    REGIONS:
  • Williston Basin
  • Date: 7/22/2021
    Type: Acquisition

    DETAILS:

    COST: 187 $MM

    VOLUMES: 7.1 MBOE/d

    ACRES: 67278 Acres

    NOTES:
    The DJ Basin asset sale included the full divestment of their Redtail position in Weld County, CO, to a private firm for $187 million in cash. The position covered 67,278 net acres and had 7.1 Mboe/d in production (51% oil.)
    REGIONS:
  • DJ Basin
  • Date: 7/22/2021
    Type: Acquisition

    DETAILS:

    COST: 271 $MM

    VOLUMES: 4.2 MBOE/d

    ACRES: 8752 Acres

    NOTES:
    Whiting reached a deal with another private firm to acquire additional Williston assets for $271 million in cash. The purchase included 8,752 net acres with 4.2 Mboe/d (80% oil) and there are 39.5 net undrilled locations spread across the Montrail County, ND acreage.
    REGIONS:
  • Williston Basin
  • Date: 9/30/2019
    Type: Acquisition

    DETAILS:

    COST: 53 $MM

    VOLUMES: 703 BOE/d

    ACRES: 6800 Acres

    NOTES:
    Whiting Petroleum entered into agreements to sell $53 million of non-operated properties. The properties encompass 6,800 net acres and April 2019 production of 703 Boe/d. The transactions are expected to close in 3Q19.
    REGIONS:
  • Bakken
  • Three Forks Formation
  • Williston Basin
  • Date: 6/30/2018
    Type: Acquisition

    DETAILS:

    COST: 130 $MM

    VOLUMES: 1.29 MBOE/d

    ACRES: 54833 Acres

    NOTES:
    Whiting Petroleum reported that they have completed the acquisition of 54,833 net acres in the East Missouri Breaks and Hidden Bench areas of the Williston Basin
    REGIONS:
  • Williston Basin
  • Date: 9/1/2017
    Type: Acquisition

    DETAILS:

    COST: 500 $MM

    VOLUMES: 7.785 MBOE/d

    ACRES: 29637 Acres

    REGIONS:
  • Three Forks Formation
  • Bakken
  • Date: 1/3/2017
    Type: Acquisition

    DETAILS:

    COST: 375 $MM

    VOLUMES: 132 Mmcf/d

    NOTES:
    Whiting Petroleum has agreed to sell its 50% stake in the Robinson Lake Natural Gas Processing Plant, a 50% stake in the Belfield Natural Gas Processing Plant and the associated gathering systems.
    REGIONS:
  • Rockies
  • Date: 6/27/2016
    Type: Acquisition

    DETAILS:

    COST: 300 $MM

    VOLUMES: 8.6 MBOE/d

    REGIONS:
  • Texas and Producing Region
  • Permian Basin