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Whiting Petroleum says 58 pct of 2016 oil production hedged


Thursday, 28 Jul 2016 11:57am EDT 

Whiting Petroleum Corp : Chief Executive Jim Volker says expects Q3 and Q4 production to flatten to 115,000 barrels of oil equivalent per day . Says 58 percent of oil production hedged for rest of 2016 . Says 26 percent of oil production hedged for 2017 . CEO says would do more JV development deals if oil prices remain below $60/barrel .CEO says 'cautiously optimistic' that Colorado oil ballot initiatives will fail.