Whiting Petroleum Corporation is an oil and natural gas exploration and production company held in Delaware and headquartered in Denver, Colorado.
Video Whiting Petroleum Corporation
Current operation
As of December 31, 2017, the company had 617 million barrels of oil equivalent (3.77 ÃÆ' - 10 9 GJ) of estimated proven reserves, of which 64% were petroleum, 16% is natural gas liquor, and 19% is natural gas. Of this reserve, 91% are in the Bakken Formation and Three Forks Shale and 9% are in the Denver Basin.
Maps Whiting Petroleum Corporation
History
The company was founded in 1980 by Kenneth R. Whiting and Bert Ladd.
In 1992, Alliant Energy, a Midwest public utility, acquired the company for $ 27.5 million.
In 2003, the company became a public company through an initial public offering that generated more than $ 400 million.
In 2005, the company acquired assets in the field of North Ward Estes for $ 459 million. The property was sold in 2016 for $ 300 million.
In July 2013, the company sold assets in the Oklahoma Panhandle to BreitBurn Energy Partners for $ 846 million.
In August 2013, the company acquired assets in Williston Basin for $ 260 million.
In 2014, the company acquired Kodiak Oil & amp; Gas. Kodiak has proven reserves of 167 million barrels of oil equivalent (1.02 ÃÆ' - 10 9 GJ) and Whiting effectively paid $ 23.77 per barrel in the ground.
In January 2017, the company sold midstream assets in North Dakota for $ 375 million.
In August 2017, the company sold its assets near Indian Fort Berthold Reserves in North Dakota for $ 500 million.
References
External links
Source of the article : Wikipedia
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