Profile: Whiting Petroleum Corp (WLL)
29 Jul 2016
Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Company operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company's estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Company has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.
Rocky Mountains Region
The Company's Rocky Mountains operations include assets in the states of Colorado, Montana and North Dakota. The Company's estimated proved reserves in the Rocky Mountains region are approximately 695.3 MMBOE (71% oil), which represented 85% of its total estimated proved reserves and contributed approximately 142.9 Thousand Barrels of Oil Equivalent per day (MBOE/d) of average daily production. The Company's properties in the Williston Basin of North Dakota and Montana target the Bakken and Three Forks formations and encompass approximately 778,900 gross (454,800 net) developed and undeveloped acres. Net production from the Williston Basin averaged approximately 128.6 MBOE/d. The Company has approximately five rigs active in the Williston Basin. The Company's Redtail field in the DJ Basin in Weld County, Colorado targets the Niobrara and Codell/Fort Hays formations and encompasses approximately 154,300 gross (126,400 net) developed and undeveloped acres. The Company has approximately two drilling rigs operating in the DJ Basin.
Permian Basin Region
The Company's Permian Basin operations include its North Ward Estes field in the Ward and Winkler counties of Texas. The Permian Basin region has contributed approximately 120.3 MMBOE (83% oil) of estimated proved reserves to its portfolio of operations. Its North Ward Estes field encompasses approximately 64,900 gross (62,900 net) developed and undeveloped acres.
The Company's other operations primarily relate to non-core assets in Colorado, Mississippi, North Dakota, Texas and Wyoming. These properties contribute approximately 5.0 MMBOE (88% oil) of proved reserves to its portfolio of operations.
Whiting Petroleum Corp
1700 Broadway Ste 2300
DENVER CO 80290-1703
Company Web Links
- Whiting Petroleum loss more than doubles
- UPDATE 1-Whiting Petroleum loss more than doubles
- Whiting Petroleum quarterly loss more than doubles on weak oil price
- BRIEF-Whiting Petroleum Corporation announces exchanges of $1.06 bln of notes for new mandatory convertible notes
- BRIEF-Whiting petroleum gives notice to convert $476.3 mln of outstanding convertible notes