Whiting

Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Denver-based Whiting Petroleum Corp. has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, citing low oil prices and an uncertain outlook for the sector.

April 1, 2020
Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Denver-based Whiting Petroleum Corp. has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, citing low oil prices and an uncertain outlook for the sector.

April 1, 2020

Oil Price Rebound Allowing Williston, DJ-Focused Whiting to Reduce Debt

Whiting Petroleum Corp. said it is taking advantage of resurgent oil prices to pay down its debt and is on-target with capital expenditures (capex) for the year, despite spending more than it planned on nonoperated expenses during the first quarter.

May 6, 2019
Whiting Conjuring New Ways to Expand Bakken Output

Whiting Conjuring New Ways to Expand Bakken Output

Executives with Denver-based Whiting Petroleum Corp. are working on ways to apply the newest technology and operating tricks throughout the company’s core Bakken Shale assets to keep producing more oil and natural gas at better-than-break-even prices.

March 8, 2019

Whiting Looks to Ramp Up 4Q Production, Locks in Hedges for 2019

Whiting Petroleum Corp. said it plans to ramp up production in the fourth quarter in order to meet its production goal for the year, but isn’t currently planning to add to its five-rig drilling program in 2019, as it continues developing assets it acquired last quarter that are “looking like a winner.”

November 1, 2018
Whiting to Keep Some DJ Basin Assets; Add Williston Acreage

Whiting to Keep Some DJ Basin Assets; Add Williston Acreage

Denver-based Whiting Petroleum Corp.’s CEO Brad Holly on Wednesday said his company has pulled some of its Denver-Julesburg (DJ) Basin assets from the sales block and added nearly 55,000 net acres in the Williston Basin as its drilling teams continue to set new records for shortening well completion times.

August 2, 2018
Bakken Differentials in Sweet Spot, Says Whiting CEO

Bakken Differentials in Sweet Spot, Says Whiting CEO

Price differentials are becoming increasingly favorable for Bakken Shale crude oil versus other major U.S. basins, Whiting Petroleum Corp. CEO Brad Holly said last week.

May 30, 2018
Whiting Focused on Williston, Possibly Monetizing DJ Assets

Whiting Focused on Williston, Possibly Monetizing DJ Assets

Denver-based Whiting Petroleum Corp. said it plans to deploy a fifth drilling rig in the Williston Basin and is moving forward with a possible sale of some assets in the Denver-Julesburg (DJ) Basin in Colorado.

May 3, 2018

Whiting Petroleum Keeps Focus on Bakken, DJ Plays

Following the sale of substantial assets on the North Dakota Fort Berthold Reservation, Denver-based Whiting Petroleum Corp. is keeping its focus on the Bakken while growing its assets in Colorado’s Denver-Julesburg (DJ) Basin and collectively maintaining 126,000 boe/d production next year, according to CEO Jim Volker.

October 27, 2017

Whiting Cuts Capex, But CEO Optimistic Oil Prices Rising By Year’s End

Whiting Petroleum Corp. became the latest exploration and production (E&P) company to trim capital expenditures (capex) for the rest of the year, announcing plans to drop two rigs and go to a four-rig drilling program.

July 28, 2017
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