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Whiting Petroleum quarterly loss shrinks as oil prices rise
October 25, 2017 / 8:18 PM / a month ago

Whiting Petroleum quarterly loss shrinks as oil prices rise

HOUSTON, Oct 25 (Reuters) - Whiting Petroleum Corp, the largest oil producer in North Dakota’s Bakken shale, said on Wednesday its third-quarter loss shrank due partly to higher crude prices and cost cuts.

The company posted a net loss of $286.4 million, or 79 cents per share, compared with $693.1 million, or $2.47 per share, in the year-ago period.

Production dipped 5 percent to 114,350 barrels per day. (Reporting by Ernest Scheyder; editing by Susan Thomas)

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