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.
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Articles from Whiting
Whiting Sees Lower Costs, Raises Production Guidance
Whiting Petroleum Corp. said the addition of new pipeline infrastructure in the Williston Basin in the first quarter helped drop oil differentials below the low end of its guidance, while its operations team helped lower its lease operating expenses (LOE) during the downturn in oil prices.
Williston Basin Refracturing Pilot Shows Promise for Older Bakken Wells
A pilot program launched last year between Denver-based Whiting Petroleum Corp. and North Dakota’s state-sponsored Oil/Gas Research Council (OGRC) has produced some encouraging results that have Whiting engineers and state energy officials salivating at long-term prospects for boosting oil/natural gas production in the second biggest producing state in the nation.
Whiting Nearly Doubles Capex Budget, Trims Debt By 42%
Whiting Petroleum Corp., one of the largest oil producers in North Dakota’s Bakken Shale, has nearly doubled its capital expenditures (capex) budget for 2017 with an eye to develop core acreage in the Williston and Denver-Julesburg (DJ) basins.
Permian Is Latest Hydrocarbon Romance, But Bakken Still Gets Its Share of Love, Too
While the Permian Basin has attracted a lot of new investment this year, the Williston Basin’s Bakken Shale still commands much respect, based on two 3Q2016 earnings conference calls Thursday.
Whiting Petroleum Strikes JV For 44-Well Effort in Bakken
Denver-based Whiting Petroleum Corp. said Friday it has entered a joint venture (JV) wellbore participation agreement with a private party for 44 of its wells spread across its extensive Williston Basin acreage.
Whiting Petroleum Strikes JV For 44-Well Effort in Bakken
Denver-based Whiting Petroleum Corp. said Friday it has entered a joint venture (JV) wellbore participation agreement with a private party for 44 of its wells spread across its extensive Williston Basin acreage.
Whiting Beats Production Guidance For 2Q, Increases 2H2015 Capex
Bakken Shale heavyweight Whiting Petroleum Corp. said it beat its production guidance for 2Q2015, during which time it also shed some of its noncore assets, and it now plans to increase capital expenditures (capex) over the rest of the year.
Imminent Sale of Whiting Unlikely After Stock, Debt Issuance
In a sign that a potential sale of Whiting Petroleum Corp., the largest producer in the Bakken Shale, was unlikely in the near term, the company announced plans to issue 35 million shares of common stock and $1.75 billion in debt.
Bakken in Full Development; Niobrara Hot for E&P, Whiting Exec Says
Fresh from becoming the largest Bakken producer through a pending multi-billion-dollar acquisition, Whiting Petroleum Corp.’s exploration/development (E&P) senior executive said Wednesday the North Dakota shale play has reached full development phase, while the Niobrara Shale in Colorado may eventually hold twice as many energy resources.