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Tag Archives: Whiting Petroleum

Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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Permian Basin dominates rig counts

Despite being halved in the past year, the Permian Basin’s rig count heads the upswing with more rigs than any other US region. It’s been a rough year for rig counts in every shale play across the country, and the Permian Basin has been no exception. In the past 12 months, capped August 7 2015, the Basin suffered a loss ...

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Whiting reports increased production, Bakken success

For the second quarter of 2015 Whiting Petroleum reported a two percent production increase over the previous quarter, according to The Bakken Magazine. The increase was despite the company’s first quarter sale of non-core acreage, which equaled 8,300 barrels of oil equivalent per day (boed). Currently, the company is producing an average of 170,245 boed. Compared to last year, the ...

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Dunn County well reveals strength of Whiting’s enhanced completions

Experimenting with enhanced well completions has Whiting Petroleum delivering 40 to 50 percent higher production from older offset wells in the Williston Basin. One of its Skunk Creek wells in South Fork field of northeast Dunn County reached an initial 24-hour production rate of 4,300 barrels of oil equivalent (BOE) per day from an enhanced completion middle Bakken well, making ...

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Top U.S. hedge funds adjust energy bets on sliding oil prices

NEW YORK – Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital’s David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital’s Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn’s $11 billion Greenlight Capital increased its stake in Consol Energy Inc by 7.3 million shares ...

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