Get Stock Quote Here As of December 31, 2015, the company had 820 million barrels of oil equivalent (5.0×109 GJ) of estimated proved reserves, of which 73% was petroleum and 27% was natural gas. Of these reserves, 85% were located in the Rocky Mountains and 15% were located in the Permian Basin. In the Rocky Mountain region, the company is focused on the Niobrara region of Colorado and the Bakken formation and Three Forks Shale of Montana and North Dakota. In the Permian Basin, the company uses a technique called enhanced oil recovery, which uses carbon dioxide flooding to extract oil. As a result of a decline in petroleum prices in 2015, Whiting determined that producing oil at its properties using enhanced oil recovery, which involves a higher production cost, was not economic.
Reported after close today (4/27/16) Earnings: EPS -$0.85 Revenue $292M Estimates: EPS -$0.72 Revenue $344.8M
+7% today as oil hits highest level since june Oil trades near 4-month high as Putin says Russia is ready to join output deal http://www.cnbc.com/2016/10/09/oil-...-that-non-opec-producers-will-cut-output.html
