Last $53.14 USD
Change Today -1.85 / -3.36%
Volume 2.7M
WLL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

whiting petroleum corp (WLL) Snapshot

Open
$54.51
Previous Close
$54.99
Day High
$54.65
Day Low
$52.79
52 Week High
08/29/14 - $92.92
52 Week Low
11/26/14 - $52.79
Market Cap
6.3B
Average Volume 10 Days
2.8M
EPS TTM
$4.78
Shares Outstanding
119.1M
EX-Date
--
P/E TM
11.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for WHITING PETROLEUM CORP (WLL)

whiting petroleum corp (WLL) Related Businessweek News

View More BusinessWeek News

whiting petroleum corp (WLL) Details

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the United States. It operates primarily in the Rocky Mountains and Permian Basin regions of the United States. The company primarily sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2013, its estimated proved reserves totaled 438.5 million barrels of oil equivalent; and had interests in 3,922 net productive wells in approximately 751,700 net developed acres. The company was founded in 1980 and is based in Denver, Colorado.

958 Employees
Last Reported Date: 02/28/14
Founded in 1980

whiting petroleum corp (WLL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $775.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $415.0K
Senior Vice President of Exploration & Develo...
Total Annual Compensation: $345.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

whiting petroleum corp (WLL) Key Developments

Whiting Petroleum Corporation Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production and Interest Expense Guidance for the Fourth Quarter and Full Year of 2014 and Capital Budget Guidance for the Full Year of 2014

Whiting Petroleum Corporation reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported production totaled 10.7 million barrels of oil equivalent (MMBOE), of which 88% was crude oil and natural gas liquids (NGLs). The production total equates to an average production rate of 116,675 barrels of oil equivalent per day (BOE/d), representing a sequential increase of 6% over the second quarter 2014 average of 109,760 BOE/d. Production was 116.67 MBOE/d against 92.75 MBOE/d a year ago. Oil production was 8,537 MBbl against 6,736 MBbl a year ago. NGLs was 911 MBbl against 666 MBbl a year ago. Natural gas was 7,717 MMcf 6,789 MMcf a year ago. Oil equivalents was 10,734 MBOE against 8,533 MBOE a year ago. For the nine months, the company’s, Production was 108.89 MBOE/d against 91.77 MBOE/d a year ago. Oil production was 23,787 MBbl against 19,686 MBbl a year ago. NGLs was 2,346 MBbl against 2,070 MBbl a year ago. Natural gas was 21,570 MMcf against 19,777 MMcf a year ago. Oil equivalents was 29,728 MBOE against 25,053 MBOE a year ago. For the quarter, the company reported total revenues and other income of $813.131 million against $830.985 million a year ago. Net income available to common shareholders was $157.975 million or $1.32 per diluted share against $204.101 million or $1.71 per diluted share a year ago. Net cash provided by operating activities was $457.640 million against $513.896 million a year ago. Income before income taxes was $251.448 million against $305.287 million a year ago. Adjusted net income was $148.655 million or $1.24 per diluted share against $153.155 million or $1.28 per diluted share a year ago. Discretionary cash flow was $538.233 million against $450.518 million a year ago. Capex was $778.4 million. For the nine months, the company reported total revenues and other income of $2,389.002 million against $2,107.925 million a year ago. Net income available to common shareholders was $418.488 million or $3.48 per diluted share against $424.782 million or $3.56 per diluted share a year ago. Net cash provided by operating activities was $1,349.306 million against $1,254.127 million a year ago. Income before income taxes was $688.203 million against $651.022 million a year ago. Adjusted net income was $442.713 million or $3.69 per diluted share against $386.195 million or $3.24 per diluted share a year ago. Discretionary cash flow was $1,576.381 million against $1,292.460 million a year ago. Capex was $2,230.3 million. For the fourth quarter of 2014, the company expects production between 11.10 MMBOE to 11.50 MMBOE; and interest expense per BOE between $3.50 to $3.80. For the full year of 2014, the company expects production between 40.70 MMBOE to 41.30 MMBOE; and interest expense per BOE between $3.85 to $4.0. the company announced full-year 2014 capital budget of $2.8 billion.

Whiting Petroleum Corporation Completes Consent Solicitations and Offers to Guarantee and Receives Required Consents to Amend Kodiak Oil & Gas Corp. Indentures

Whiting Petroleum Corporation announced that, in connection with its previously announced consent solicitations and offers to guarantee for Kodiak Oil & Gas Corp. senior notes related to its agreement to acquire Kodiak, it has received the required consents from the holders of the outstanding Kodiak senior notes to adopt the proposed amendments to each of the indentures governing such Kodiak Notes. The adoption of the amendments for each Indenture required consents from at least a majority in aggregate principal amount of Kodiak Notes outstanding under such Indenture as of the record date for the consent solicitations and offers to guarantee, 5:00 p.m., New York City time, on October 3, 2014. Global Bondholder Services Corporation, the Tabulation Agent, has advised Whiting that as of the expiration time for the consent solicitations and offers to guarantee of 5:00 p.m., New York City time, on October 17, 2014 (the "Expiration Time"), the holders of Kodiak Notes have delivered and not revoked valid consents representing approximately 99.5%, 98.8% and 99.9%, of the outstanding Kodiak 8.125% Senior Notes Due 2019, 5.500% Senior Notes Due 2021 and 5.500% Senior Notes Due 2022, respectively. Supplemental indentures to the Indentures (the "Supplemental Indentures") have been executed and delivered, which Supplemental Indentures contain the amendments as to which consents were sought and an unconditional and irrevocable guarantee by Whiting of the prompt payment, when due, of any amount owed to the holders of the Kodiak Notes under such Kodiak Notes and such Indenture and any other amounts due pursuant to such Indenture (the "Whiting Guarantee"). The Supplemental Indentures became effective upon their execution and delivery. The amendments contained in the Supplemental Indentures will not become operative, and the Whiting Guarantee will not be issued, until the completion of the Whiting acquisition of Kodiak. Upon the terms of the consent solicitations and offers to guarantee, if the Whiting acquisition of Kodiak is completed, Whiting will make a payment equal to $2.50 for each $1,000 principal amount of Kodiak Notes to the holders of Kodiak Notes under such Indenture who provided valid and unrevoked consents prior to the Expiration Time. The amendments will amend the following covenants contained in the Indentures: the limitation on indebtedness covenant would be amended to provide that the pro forma Fixed Charge Coverage Ratio and Adjusted Consolidated Net Tangible Assets (each as defined in each of the Indentures) financial tests be calculated based on Whiting's consolidated financial statements instead of Kodiak's consolidated financial statements; the limitation on restricted payments covenant would be amended to permit Kodiak to distribute the equity interests of Kodiak Oil & Gas (USA) Inc. to Whiting, as parent guarantor, or to an affiliate of Whiting that is a guarantor or co-issuer of the Kodiak Notes; the limitation on transactions with affiliates covenant would be amended to permit Kodiak and its restricted subsidiaries to engage in transactions with, and provide guarantees for the benefit of, Whiting, as parent guarantor, and any affiliate of Whiting that is a guarantor or co-issuer of the Kodiak Notes; and the financial reporting covenant would be amended to replace Kodiak's reporting obligations with Whiting reporting obligations. The terms and conditions of the consent solicitations and offers to guarantee were set forth in a Consent Solicitation Statement/Prospectus Supplement dated October 6, 2014, which has been filed with the Securities and Exchange Commission, and related Letter of Consent, each of which was sent to record holders of the Kodiak Notes.

Whiting Petroleum Corp., Q3 2014 Earnings Call, Oct 30, 2014

Whiting Petroleum Corp., Q3 2014 Earnings Call, Oct 30, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WLL:US $53.14 USD -1.85

WLL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Denbury Resources Inc $9.74 USD -0.23
Linn Energy LLC $21.95 USD -0.78
Newfield Exploration Co $32.48 USD -1.20
QEP Resources Inc $24.18 USD -0.76
SM Energy Co $52.17 USD -0.69
View Industry Companies
 

Industry Analysis

WLL

Industry Average

Valuation WLL Industry Range
Price/Earnings 18.4x
Price/Sales 2.1x
Price/Book 1.5x
Price/Cash Flow 3.7x
TEV/Sales 1.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WHITING PETROLEUM CORP, please visit www.whiting.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.