WLL earnings

Creating a Scaled Unconventional U.S. Oil Producer with a Premier Williston Basin Acreage Position Totaling 972K Net Acres and Combined 4Q21 Production of 167.8 Thousand Boepd Transaction Accretive to Key Per-share Metrics While Maintaining a Strong, Relatively Unlevered Pro Forma Balance Sheet at Close Combined Company to Benefit from Significantly Enhanced Operating Scale and Free Cash Flow; Expect to Deliver Sustainable Dividends and Attractive Returns to Shareholders Transaction Expected to Generate Administrative and Operational Cost Synergies of Approximately $65MM Annually Progressive ESG Profile with Top Tier Gas Capture Track Record in North Dakota Lynn Peterson to Serve as Ex

Whiting Petroleum Corporation (NYSE:WLL) ("Whiting" or the "Company") today announced fourth quarter 2021 results. Fourth Quarter 2021 Highlights Revenue was $473 million for the quarter ending December 31, 2021 Net income (GAAP) was $292 million or $7.34 per diluted share Adjusted net income (non-GAAP) was $168 million or $4.23 per diluted share Adjusted EBITDAX (non-GAAP) was $226 million Net cash provided by operating activities (GAAP) was $214 million Adjusted free cash flow (non-GAAP) was $156 million December 31, 2021 debt was $0 Lynn A. Peterson, President and CEO commented, "2021 was an eventful year as the Company had many accomplishments that strengthen us for the

Whiting Petroleum Corporation (NYSE:WLL) ("Whiting" or the "Company") today announced that it has entered into two separate definitive agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota. The Company also announced its 2022 capital, operating costs and production guidance, reflecting an operating plan focused on delivering sustainable free cash flow. The board of directors declared a quarterly cash dividend of $0.25 per share of common stock to shareholders of record as of February 21, 2022. Acquisitions The assets are being acquired from two private companies for total cash consideration of $273 million, before typical closing adjustments. The ass

Whiting Petroleum Corporation (NYSE:WLL) ("Whiting" or the "Company") today announced third quarter 2021 results. Third Quarter 2021 Highlights Revenue was $401 million for the quarter ending September 30, 2021 Net income (GAAP) was $198 million or $5.00 per diluted share Adjusted net income (non-GAAP) was $142 million or $3.57 per diluted share Adjusted EBITDAX (non-GAAP) was $201 million September 30, 2021 net debt was $59 million (non-GAAP) Lynn A. Peterson, President and CEO commented, "The team continues to execute on our business plan as demonstrated by the substantial cash provided by operating activities of $190 million during the quarter and $526 million for the nine-m

Whiting Petroleum Corporation (NYSE:WLL) today announced that is has completed its previously announced acquisition of the leasehold interests and related assets in the Williston Basin of North Dakota. The Company also closed the divestiture of its Redtail leasehold interests and related assets, including associated midstream assets, located in the Denver-Julesburg Basin of Colorado. The transactions had an immaterial effect on current production but resulted in the addition of approximately 60 drillable locations that compete for capital immediately. Commensurate with the closing of the two transactions, the Company completed the redetermination of its borrowing base under its revolving c

Whiting Petroleum Corporation (NYSE:WLL) ("Whiting" or the "Company") today announced second quarter 2021 results. Second Quarter 2021 Highlights Revenue was $352 million for the quarter ending June 30, 2021 Net loss (GAAP) was $62 million or $1.57 per diluted share Adjusted net income (non-GAAP) was $118 million or $3.01 per diluted share Adjusted EBITDAX (non-GAAP) was $176 million June 30, 2021 net debt of $98 million (non-GAAP) Lynn A. Peterson, President and CEO commented, "Our team is delivering positive results and the economic conditions continue to be in our favor. We generated net cash provided by operating activities of $183 million and $111 million in adjusted free

Whiting Petroleum Corporation (NYSE:WLL) ("Whiting" or the "Company") today announced that it has entered into separate definitive agreements to acquire oil and gas assets in the Williston Basin of North Dakota and divest of all its oil and gas assets in the Denver-Julesburg Basin of Colorado (the "Redtail assets"). Williston Basin, North Dakota The Williston Basin assets are being acquired from a private company for total cash consideration of $271 million, before typical closing adjustments. The assets include 8,752 net acres with net daily production of approximately 4,200 barrels of oil equivalent per day (BOE/d) (80% oil); 5 gross/ 2.3 net drilled and uncompleted wells; and 61 gross