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Shale Producer Whiting Petroleum Files for Chapter 11 Bankruptcy
2020-04-01 15:30:00| OGI
Whiting Petroleum had explored a wide variety of alternatives to address its balance sheet and looming note maturities in a highly capital-constrained market environment, CEO Bradley J. Holly says.
Tags: files
chapter
producer
bankruptcy
Whiting Petroleum Shares Plunges To Record Low On Production Forecast
2020-02-28 00:30:00| OGI
Shares of Whiting Petroleum have lost nearly 75% of their value this year amid weak oil prices and rising investor concerns over the company's ability to meet its debt maturities.
Tags: low
record
production
shares
Whiting Petroleum Posts Loss On Lower Crude, Natural Gas Prices
2019-11-05 22:23:09| OGI
The company reported a net loss of $19.1 million, or 21 cents per share, in the third quarter ended Sept. 30, compared with a profit of $121.4 million, or $1.32 per share, a year earlier.
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prices
lower
natural
Whiting Petroleum In Deal Talks With Abraxas Petroleum: Sources
2019-10-15 04:44:13| OGI
Whiting Petroleum Corp., an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum Corp. , two people familiar with the matter told Reuters.
Tags: deal
sources
talks
petroleum
Whiting Cuts Workforce As Part Of Cost Realignment Transformation
2019-07-31 22:35:11| OGI
Whiting Petroleum is expecting $50 million in annual cost savings as a result of the restructuring that included a 33% reduction to its workforce.
Tags: part
cost
transformation
cuts
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