Showing posts with label WLL. Show all posts
Showing posts with label WLL. Show all posts

Friday, January 9, 2015

Will Lower Oil Prices Threaten Whiting Petroleum, the New King of Bakken?

This article was first published by TheStreet on December 19, 2014.
By Sarfaraz A. Khan
NEW YORK (TheStreet) -- Whiting Petroleum (WLL)  , the largest producer from NorthDakota's Bakken shale-oil rock formation, is poised for double-digit production growth in the backdrop of low oil prices.

Monday, July 21, 2014

All Hail Whiting Petroleum, the New King of the Bakken

This article was originally published by TheStreet on July 14, 2014. 
NEW YORK (TheStreet) --  Whiting Petroleum (WLL_) plans to buy peer Kodiak Oil & Gas(KOG_), which will make it the king of the prolific Bakken Shale formation.
The acquisition will boost Whiting's production and reserves, which is why the company believes the deal will have a positive impact on cash flow, earnings and production per share starting next year.
The deal shows Whiting's resolve to play a central role in the rise of the Bakken formation as North America's leading shale field in terms of barrels-per-well.
Kodiak Oil and Gas, like Whiting, is a Rocky Mountain-focused exploration and production company. The deal is valued at $6 billion.