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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.

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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.

Tags: posts 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.

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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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