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$41.65 -6.03 (-12.65%)
10/7/2008 4:06 PM

Whiting Petroleum Corp (WLL)

CAPS Rating:
***

An oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.

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Avatar FromLaVega (71.57) Submitted: 7/08/08 2:28 AM : Outperform Start Price: $100.17 WLL Score: -13.37

Whiting Petroleum engages in the exploration and production of natural gas and oil in the Permian Basin; Rocky Mountains; the Mid-Continent; Michigan, and the Gulf Coast. It was founded in 1980 and was a subsidiary of Alliant Energy until 2003. The Celero acquisition in 2005 transformed the firm from a natural-gas company to an oil company, as oil now accounts for 78% of its proved reserve base, and natural gas accounts for the remainder.

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