BNET Industries

Market Cap:$3.5B
Last Fiscal Year Sales:$1.2B
  • Public
  • US
Dow Jones Description

Whiting Petroleum Corporation is engaged in oil and gas property acquisition, exploitation, exploration and production activities primarily in the Permian Basin, Rocky Mountain, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company has corporate headquarters in Denver, Colorado and has field offices located in Arkansas, Colorado, Michigan, North Dakota, Oklahoma, Texas and Wyoming. As of December 31, 2006 the company had 359 employees, including 35 Petroleum Engineers and 27 Senior Level Geoscientists. A list of the Company's officers and directors is included on this website. Since going public in November 2003, we have built a strong asset base and achieved steady growth through both property acquisitions and exploitation activities. We emphasize the acquisition of oil and gas properties that provide current production and significant upside potential through further development. Our drilling activity is directed at this development; specifically on projects that we believe provide repeatable successes in particular fields. We have historically acquired operated as well as non-operated properties that meet or exceed our rate of return criteria. For acquisitions of properties with additional development, exploitation and exploration potential, our focus has been on acquiring operated properties so that we can better control the timing and implementation of capital spending. ...

Chairman, President and Chief Executive Officer
James J. Volker
Number of Employees 470
Contact Information

1700 Broadway Ste 2300

Denver, Colorado 80290-2300

whiting.com

(303) 837-1661

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Whiting Petroleum Corporation Declares Dividend on 6.25% Convertible Perpetual Preferred Stock

    11/16/09 - Stock Split / Dividend - View Story

  • Whiting Petroleum Corporation Announces Third Quarter 2009 Financial and Operating Results

    10/28/09 - Financial Announcement - View Story

  • C. K. Cooper & Company Initiates Coverage of Whiting Petroleum Corp.

    10/15/09 - Bond / Stock Rating - View Story

  • Ahead of the Bell: Whiting Petroleum

    9/22/09 - Financial Announcement - View Story

  • STOCKS NEWS US-Whiting Petroleum rises after upgrade

    8/27/09 - Bond / Stock Rating - View Story

  • Whiting Petroleum Corporation Announces Second Quarter 2009 Financial and Operating Results

    7/29/09 - Financial Announcement - View Story

News & Analysis

earnings and whiting petroleum corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Brent P. Jensen Chief Accounting Officer & Treasurer
Bruce R. Deboer CFO, General Counsel & Vice President
James R. Casperson CFO & Vice President, Finance
James T. Brown Chief Operating Officer
Michael J. Stevens Vice President and Chief Financial Officer
D. Sherwin Artus Senior Vice President
David M. Seery Vice President, Land
Douglas Lang Vice President, Reservoir Engineering & Acq
Gale Keithline Vice President, Information Technology
Heather M. Duncan Vice President
J. Douglas Lang Vice President, Reservoir Engineering, Acquisitions
John Douglas Lang Vice President
Mark R. Williams Vice President, Exploration and Development
Patricia J. Miller Vice President, Human Resources
Rick A. Ross Vice President, Operations
Jack R. Ekstrom Executive Director, IR & Corp Comm
Tom Briggs Director of Whiting Petroleum Corporation
J B Ladd Director
Kenneth R. Whiting Director
Palmer L. Moe Director
Thomas L. Aller Director

Board of Directors

Name (plus bio) Position
James J. Volker Chairman, President and Chief Executive Officer
Graydon D. Hubbard Chairperson
William N. Hahne Chairman of The Nominating and Governance Committee

James J. Volker, 62, is President, Chief Executive Officer and Chairman of the Board of Whiting Petroleum Corporation. Mr. Volker has been a director of Whiting Petroleum Corporation since 2003 and a director of Whiting Oil and Gas Corporation since 2002. He joined Whiting Oil and Gas Corporation in August 1983 as Vice President of Corporate Development and served in that position through April 1993. In May 1993, he became a contract consultant to Whiting Oil and Gas Corporation and served in that capacity until August 2000, at which time he became Executive Vice President and Chief Operating Officer. Mr. Volker was appointed President and Chief Executive Officer and a director of Whiting Oil and Gas Corporation in January 2002. Mr. Volker was co-founder, Vice President and later President of Energy Management Corporation from 1971 through 1982. He has over 38 years of experience in the oil and natural gas industry. Mr. Volker has a degree in finance from the University of Denver, an MBA from the University of Colorado and has completed H. K. VanPoolen and Associates’ course of study in reservoir engineering.

Organization Position Status
Whiting Petroleum Corp. Chairman, President and Chief Executive Officer Current
Whiting Petroleum Corp. Director Current
Energy Management Corporation President Former
Whiting Petroleum Corp. Executive Vice President and Chief Operating Officer Former
Energy Management Corporation Vice President Former
Energy Management Corporation Co-Founder Former
Whiting Petroleum Corp. Consultant Former
University of Denver MBA Former
University of Colorado MBA Former
University of Denver Degree In Finance Former

Brent P. Jensen joined us in August 2005 as Controller, and he became Treasurer in January 2006. He was previously a Senior Manager with PricewaterhouseCoopers L.L.P. in Houston, Texas, where he held various positions in their oil and gas audit practice since joining that firm in 1994, including a four year assignment in their Moscow, Russia office and almost three years in their Milan, Italy office. He has 12 years of oil and gas accounting experience and is a Certified Public Accountant. Mr. Jensen holds a Bachelor of Arts degree with an emphasis on accounting and business from the University of California, Los Angeles.

Organization Position Status
Whiting Petroleum Corp. Chief Accounting Officer & Treasurer Current
Whiting Petroleum Corp. Controller and Treasurer Current
Whiting Petroleum Corp. Treasurer Current
University of California, Los Angeles Bachelor of Arts Degree Former
University of California Bachelor of Arts Degree Former

Bruce R. DeBoer joined us as our Vice President, General Counsel and Corporate Secretary in January 2005. From January 1997 to May 2004, Mr. DeBoer served as Vice President, General Counsel and Corporate Secretary of Tom Brown, Inc., an independent oil and natural gas exploration and production company. Mr. DeBoer has over 20 years of experience in managing the legal departments of several independent oil and natural gas companies. He holds a Bachelor of Science Degree in Political Science from South Dakota State University and received his J.D. and MBA degrees from the University of South Dakota.

Organization Position Status
Whiting Petroleum Corp. CFO, General Counsel & Vice President Current
Tom Brown, Inc. Vice President Former
Whiting Petroleum Corp. General Counsel Former
Tom Brown, Inc. General Counsel Former
Tom Brown, Inc. Board of Directors Former
University of South Dakota J.D. Former
University of South Dakota MBA Degrees Former
South Dakota State University Bachelor of Science Degree In Political Science Former

Organization Position Status
Whiting Petroleum Corp. CFO & Vice President, Finance Current

Organization Position Status
Whiting Petroleum Corp. Chief Operating Officer Current
Whiting Petroleum Corp. Senior Vice President Current
Whiting Petroleum Corp. Operations Manager Former
Whiting Petroleum Corp. Consulting Engineer Former
University of Wyoming MBA. Former
University of Denver MBA Former
University of Denver Bachelor's Degree In Civil Engineering Former
University of Wyoming Bachelor's Degree In Civil Engineering Former

Michael J. Stevens joined us in May 2001 as Controller, and became Treasurer in January 2002 and became Vice President and Chief Financial Officer in March 2005. From 1993 until May 2001, he served in various positions including Chief Financial Officer, Controller, Secretary and Treasurer at Inland Resources Inc., a company engaged in oil and gas exploration and development. He spent seven years in public accounting with Coopers & Lybrand in Minneapolis, Minnesota. He is a graduate of Mankato State University of Minnesota and is a Certified Public Accountant.

Organization Position Status
Whiting Petroleum Corp. Vice President and Chief Financial Officer Current
Whiting Petroleum Corp. Treasurer & Controller Former
PricewaterhouseCoopers Former

D. Sherwin Artus, 71, has been a director of Whiting Petroleum Corporation since 2006. Mr. Artus joined Whiting Oil and Gas Corporation in January 1989 as Vice President of Operations and became Executive Vice President and Chief Operating Officer in July 1999. In January 2000, he was appointed President and Chief Executive Officer. Mr. Artus became Senior Vice President in January 2002 and retired from the Company on April 1, 2006. Prior to joining Whiting, he was employed by Shell Oil Company in various engineering research and management positions. From 1974-1977, he was employed by Wainoco Oil and Gas Company as Production Manager. He was a co-founder and later became President of Solar Petroleum Corporation, an independent oil and gas producing company. He has over 48 years of experience in the oil and natural gas business. Mr. Artus holds a Bachelor’s Degree in Geological Engineering and a Master’s Degree in Mining Engineering from the South Dakota School of Mines and Technology. He is a registered Professional Engineer in Colorado, Wyoming, Montana and North Dakota.

Organization Position Status
Whiting Petroleum Corp. Senior Vice President Current
Whiting Petroleum Corp. Director Current
Solar Petroleum Corp. President Former
Shell Oil Company Former
South Dakota School of Mines & Technology Master's Degree In Mining Engineering Former
South Dakota School of Mines & Technology Bachelor's Degree In Geologic Engineering Former

David M. Seery joined us as our Manager of Land in July 2004 as a result of our acquisition of Equity Oil Company, where he was Manager of Land and Manager of Equity s Exploration Department, positions he had held for more than five years. He became our Vice President of Land in January 2005. Mr. Seery has twenty-four years of land experience including staff and managerial positions with Marathon Oil Company. Mr. Seery holds a Bachelor of Science Degree in Business Management from the University of Montana. He is a Registered Land Professional and held various duties with the Denver Association of Petroleum Landmen.

Organization Position Status
Whiting Petroleum Corp. Vice President, Land Current
The Land Company Manager Former
Marathon Oil Corporation Staff and Managerial Positions Former
Whiting Petroleum Corp. Manager of Land Former
Equity Ltd. Manager Former
University of Montana Bachelor of Science Degree In Business Management Former
University of Montana Bachelor of Science Degree In Business Management Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Reservoir Engineering & Acq Current
Harvard Management Company Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Information Technology Current
Whiting Petroleum Corp. Director of Information Technology Current
Whiting Petroleum Corp. Board of Directors Current
Metropolitan State College Bachelor of Science Degree In Computer Management Science Former
Metropolitan State College Bachelor of Science Degree In Computer Management Science Former

Organization Position Status
Whiting Petroleum Corp. Vice President Current
Whiting Petroleum Corp. Assistant Director of Human Resources Current
University of Colorado MBA Former
University of Colorado Bachelor of Arts Degree In Anthropology Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Reservoir Engineering, Acquisitions Current
Acquisitions Ltd. Manager Former
Whiting Petroleum Corp. Manager of Acquisitions and Reservoir Engineering Former
Whiting Petroleum Corp. Senior Acquisition Engineer Former
Society of Petroleum Evaluation Engineers Board of Directors Former
University of Denver MBA Former
University of Wyoming Bachelor's Degree In Petroleum Engineering Former

Organization Position Status
Whiting Petroleum Corp. Vice President Current
Society of Petroleum Evaluation Engineers Board of Directors Former
University of Denver MBA Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Exploration and Development Current
Cliffwater LLC Managing Director Current
Wilshire Associates Incorporated Managing Director Former
Wilshire Associates Incorporated Principal Former
Whiting Petroleum Corp. Exploration Geologist Former
Colorado School of Mines Master's Degree In Geology Former
University of Utah Master’S Degree In Geology Former
University of Utah Bachelor's Degree In Geology Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Human Resources Current
Whiting Petroleum Corp. Secretary Current
Whiting Petroleum Corp. Director of Human Resources Former
Whiting Petroleum Corp. Corporate Secretary Former

Organization Position Status
Whiting Petroleum Corp. Vice President, Operations Current
Whiting Petroleum Corp. Operations Manager, Rocky Mountains Current
South Dakota School of Mines & Technology Bachelor's Degree In Mechanical Engineering Former

Organization Position Status
Whiting Petroleum Corp. Executive Director, IR & Corp Comm Current

Organization Position Status
National Association of Corporate Directors, Colorado Cfo Current
Whiting Petroleum Corp. Director of Whiting Petroleum Corporation Current
Corrpro Companies, Inc. Chairman Current
National Association of Corporate Directors, Colorado Sponsor Committee Co-Chair Current
Whiting Petroleum Corp. Board of Directors Current
Corrpro Companies, Inc. Board Member Current
Leprino Foods Company Vice President, Finance Former
Georgetown University Juris Doctorate Degree Former
Georgetown University Law Center Juris Doctorate Degree Former
Duke University Bachelor of Arts Degree In Accounting Former

Graydon D. Hubbard, 75, has served as a director of Whiting Petroleum Corporation since 2003 and is chairman of the Audit Committee. He is a retired certified public accountant and was a partner of Arthur Andersen LLP in its Denver office for more than five years prior to his retirement in November 1989. Since 1991, he has served as a director of Allied Motion Technologies Inc., a company engaged in the business of designing, manufacturing and selling motion control products. Mr. Hubbard is also an author. He received his Bachelor's Degree in accounting from the University of Colorado.

Organization Position Status
Whiting Petroleum Corp. Chairperson Current
Allied Motion Technologies, Inc. Chairman Current
Allied Motion Technologies, Inc. Director Current
Whiting Petroleum Corp. Director Current
Arthur Andersen LLP partner Former
University of Colorado Bachelor's Degree In Accounting Former

William N. Hahne , 57, has been a director since 2007. Mr. Hahne was Chief Operating Officer of Petrohawk Energy Corporation from July 2006 until October 2007. Mr. Hahne served at KCS Energy, Inc. as President, Chief Operating Officer and Director from April 2003 to July 2006, as Executive Vice President and Chief Operating Officer from March 2002 to April 2003 and in other management positions prior to that. He is a graduate of Oklahoma University with a BS in petroleum engineering and has 34 years of extensive technical and management experience with independent oil and gas companies including Unocal, Union Texas Petroleum Corporation, NERCO, The Louisiana Land and Exploration Company (LL&E) and Burlington Resources, Inc.

Organization Position Status
Whiting Petroleum Corp. Chairman of The Nominating and Governance Committee Current
KCS Energy Inc. President Former
KCS Energy Inc. Chief Operating Officer Former
KCS Energy Inc. Executive Vice President Former
Lle, Inc. Vice President Former
Burlington Resources, Inc. Vice President of International & Onshore Former
Whiting Petroleum Corp. Director Former
KCS Energy Inc. Director Former
Oklahoma University BS In Petroleum Engineering Former

Organization Position Status
Whiting Petroleum Corp. Director Current
University of Kansas degree in petroleum engineering Former

Kenneth R. Whiting has been a director of Whiting Petroleum Corporation since 2003 and has served as a director of Whiting Oil and Gas Corporation since its inception in 1980. He was President and Chief Executive Officer of Whiting Oil and Gas Corporation from its inception until 1993, when he was appointed Vice President of International Business for IES Diversified. From 1978 to late 1979, he served as President of Webb Resources, Inc. He has many years of experience in the oil and natural gas industry, including his position as Executive Vice President of Ladd Petroleum Corporation. He was a partner and associate with the Denver law firm of Holme Roberts & Owen. Mr. Whiting received his Bachelor's Degree in business from the University of Colorado and his J.D. from the University of Denver.

Organization Position Status
Whiting Petroleum Corp. Director Current
Webbresources President Former
Holme Roberts & Owen Llp Partner Former
Holme Roberts & Owen Llp Associate Former
University of Denver J.D. Former
University of Colorado Bachelor's Degree In Business Former

Palmer L. Moe has served as a director of Whiting Petroleum Corporation since October 2004. He is Managing Director of Kronkosky Charitable Foundation in San Antonio, Texas, a position he has held since 1997. Mr. Moe was a partner of Arthur Andersen & Co. in its San Antonio, Houston and Denver offices from 1965 to 1983. From 1983 until 1992, he served as President and Chief Operating Officer and a director of Valero Energy Corporation. He received his Bachelor's Degree in accounting from the University of Denver and completed the Senior Executive Development Course at the Alfred P. Sloan School of Management at the Massachusetts Institute of Technology.

Organization Position Status
Kronkosky Charitable Foundation Managing Director Current
Kronkosky Charitable Foundation Manager Current
Whiting Petroleum Corp. Director Current
Valero Energy Corporation President and Chief Operating Officer and Director Former
Valero Energy Corporation Chief Operating Officer Former
Arthur Anderson & Co. partner Former
Valero Energy Corporation Director Former
University of Denver Bachelor's Degree In Accounting Former

Organization Position Status
Wisconsin Power & Light Company Senior Vice President, Energy Delivery Current
Alliant Energy Corporation Senior Vice President Current
Corrpro Companies, Inc. Chairman Current
Corrpro Companies, Inc. Board Member Current
Whiting Petroleum Corp. Director Current
Alliant Energy Corporation President of Interstate Power and Light Company Former
Interstate Power and Light Company President Former
The University of Iowa Master In Municipal Administration Former
Creighton University Bachelor's Degree In Political Science Former

Executive News

  • Whiting Petroleum Corporation Announces Participation Agreement Covering 26 Drilling...

    Reuters - 6/04/09 - View Story

  • Whiting Petroleum Corporation Announces Participation Agreement Covering 26 Drilling Units in the Western Portion of Sanish Field and Sale of 50% of Gas Plant and Oil and Gas Gathering Systems ($107.3 Million at Closing)

    PR Newswire - 6/04/09 - View Story

  • Deal reached on drilling at scenic Utah overlook

    CNBC - 5/28/09 - View Story

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     WLL $70.90 +0.89 (1.27% )
Average Volume 1,037,600
Shares Outstanding 50.85M
Market Cap 3.6B
Year High 70.03
Year Low 19.26
Earnings Per Share -2.23
P/E Ratio -31.79
Dividend N/A
Yield N/A
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