BNET Industries
Market Cap:$3.1B
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. VolkerNumber of Employees 470
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Whiting Petroleum Corporation Declares Dividend on 6.25% Convertible Perpetual Preferred Stock
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Whiting Petroleum Corporation Announces Third Quarter 2009 Financial and Operating Results
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C. K. Cooper & Company Initiates Coverage of Whiting Petroleum Corp.
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Ahead of the Bell: Whiting Petroleum
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Premarket roundup: Whiting Petroleum downgraded after stock rally, Citigroup shares may fall
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Market Report -- Short Stories WLL
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STOCKS NEWS US-Whiting Petroleum rises after upgrade
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KeyBanc Reaffirms a 'Buy' Rating on Whiting Petroleum WLL; Raises Price Target
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Whiting Petroleum Corporation Announces Second Quarter 2009 Financial and Operating Results
News & Analysis
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whiting petroleum corp. - All News and Analysis
Whiting Petroleum Beats on Production, Ups Guidance
Earnings Call ExcerptPre Call Note Key Points: 3Q09 Production above the upper end of guidance Production guidance raised Biggest IP for a Bakken well in company history (> 4,700 BOEpd) The 3Q Numbers: Production of 5.13 MMBOE (55,761 BOEpd), above...
Whiting Petroleum Beats On Production, Ups Guidance
Pre Call Note Key Points: 3Q09 Production above the upper end of guidance Production guidance raised Biggest IP for a Bakken well in company history (> 4,700 BOEpd) The 3Q Numbers: by Zman
Whiting Petroleum Corporation, Q1 2009 Earnings Call Transcript.
Question-and-Answer SessionOperator Thank you. Operator Instructions And our first question is from the line of Joe Allman with J.P. Morgan. Please proceed. Joe Allman - J.P. Morgan Thank you, good morning, everybody. Jim Volker Good morning, Joe Joe Allman - J.P. Morgan Hi, Jim,...
Whiting Petroleum Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Sure. Operator Instructions. Your first question comes from the line Eric Hagen with Bank of America. Please proceed. Eric Hagen - BAS-ML Hey, good morning Jim. James Volker Hi, Eric. Eric Hagen - BAS-ML Hi there. The question on your CapEx, the $30 million in other, I...
Whiting Petroleum Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And your first question comes from the line from Scott Hanold from RBC Capital Markets. Please proceed. Scott Hanold – RBC Capital Markets Thanks. Good morning. James Volker Good morning, Scott. Scott Hanold – RBC Capital Markets Some pretty nice results out...
Best and Worst Performing Stocks of the Current Bear Market
Hickey and Walters Bespoke submit: Since the current bear market began back on October 9th, 2007, the Russell 1,000 is down about 18%. Of the stocks in the index, 8.5% are down more than 50%, while 25% are actually up since then. Below we highlight the 25 best...
Whiting Petroleum Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Larry Busnardo of Tristone Capital. Please proceed. Larry Busnardo - Tristone Capital Hey, Good morning Jim. Jim Volker Hi, Larry. Larry Busnardo - Tristone Capital I guess first, in the Bakken,...
Whiting Petroleum Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Nicholas Pope with JPMorgan. Please proceed. Nicholas Pope - JPMorgan Hey, guys. Jim Volker Hi, Nick. Nicholas Pope - JPMorgan I was hoping to if you could tell us how much those, the Bakken oil, the...
Whiting Petroleum Corp. Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from line of Scott Hanold from RBC Capital Markets. Please proceed sir. Scott Hanold - RBC Capital Markets Thanks, good morning guys. Jim Volker Hi, Scott. Scott Hanold - RBC Capital Markets Good quarter. I had a couple of questions...
M&A news
* El Paso Corp.. Houston. (NYSE: EP) plans to acquire private. Denver-based Medicine Bow Energy Corp. for $814 million, gaining an estimated 356 billion cu. ft. equivalent of proved reserves primarily in the Rockies and East Texas. The transaction is expected to close by Sept. 30."Medicine Bow Energy is a...
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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
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Whiting Petroleum Corporation Announces Participation Agreement Covering 26 Drilling...
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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)
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Deal reached on drilling at scenic Utah overlook
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