Whiting Petroleum Corp. today announced second quarter 2021 results. Second Quarter 2021 Highlights Revenue was $352 million for the quarter ending June 30, 2021 Net loss was $62 million or $1.57 per diluted share Adjusted net income was $118 million or $3.01 per diluted share Adjusted EBITDAX was $176 million June 30, 2021 net debt of $98 million [...]
Whiting Petroleum Corp. today announced that it has entered into separate definitive agreements to acquire oil and gas assets in the Williston Basin of North Dakota and divest of all its oil and gas assets in the Denver-Julesburg Basin of Colorado . Williston Basin, North Dakota The Williston Basin assets are being acquired from a private company [...]
Whiting Petroleum Corp. today announced first quarter 2021 results. First Quarter 2021 Highlights Revenue was $307 million for the quarter ending March 31, 2021 Net loss was $0.9 million or $0.02 per diluted share Adjusted net income was $108 million or $2.79 per diluted share Adjusted EBITDAX was $170 million March 31, 2021 net debt of $220 [...]
Whiting Petroleum Corp. today announced that it has applied to the British Columbia Securities Commission , as principal regulator, and the Alberta Securities Commission, in accordance with the requirements of Multilateral Instrument 11-102 - Passport System, for an order to cease to be a reporting issuer in the Provinces of British Columbia and [...]
Whiting Petroleum Corp. will host a conference call on Thursday, May 6, 2021 at 11:00 a.m. Eastern time to discuss the first quarter 2021 results. The call will be conducted by President and Chief Executive Officer Lynn A. Peterson, Executive Vice President Finance and Chief Financial Officer James Henderson, Executive Vice President Operations and [...]
Whiting Petroleum Corp. today announced fourth quarter and full year 2020 results. Fourth Quarter and Full-Year 2020 Highlights Revenue was $212 million and $732 million for the quarter and year ending December 31, 2020, respectively Net loss was $1.2 million or $0.03 per diluted share for the quarter ending December 31, 2020 Adjusted EBITDAX was [...]
Whiting Petroleum Corp. today announced its 2021 capital, operating costs and production guidance, reflecting an operating plan focused on delivering sustainable free cash flow. 2021 Guidance Highlights Forecasted annual oil production of 50 MBO per day, 85 MBOE per day at the mid-point Estimated capital expenditures of $240 million Plan to drill [...]
Whiting Petroleum Corp. today announced third quarter 2020 results. Third Quarter 2020 Highlights Revenue was $184 million for the quarter ending September 30, 2020 Net income was $278 million, or $7.30 per diluted share for the quarter ending September 30, 2020 Adjusted EBITDAX was $100 million for the quarter ending September 30, 2020 Emerged [...]
Whiting Petroleum Corp. will release its third quarter 2020 financial and operating results on Thursday, November 5, 2020 after the market close. A conference call with investors, analysts and other interested parties is scheduled for 11:00 a.m. ET on Friday, November 6, 2020 to discuss Whiting's third quarter 2020 financial and operating results [...]
Whiting Petroleum Corp. announced today that it has evaluated and reduced its cost structure to better align Whiting’s business with the current operating environment. The Company is also updating its 2020 guidance to reflect an increased focus on capital discipline. Organizational Update Whiting recently implemented a new organizational structure [...]
Whiting Petroleum Corp. today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all required actions and satisfying the remaining conditions to its Plan of Reorganization . “We are excited to begin our new chapter at [...]
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