Whiting Petroleum Corporation Stock is way down , Is it time to Buy?


Whiting Petroleum Corporation is an independent exploration and production company with an oil focused asset base. We are a top crude oil producer in North Dakota and operate substantial assets in northern Colorado. Headquartered in Denver, Colorado we lead the industry with our competitive assets, commitment to safety, dedication to technology and record-setting results. Whiting is a competitive company, with a strong, responsible plan to create long-term value.

Just like most markets around the world the oil market in the United States has pulled back rapidly. Earlier in the Fall prices per barrel of oil were trading in the upper $60s and the $70s. Now prices have fallen into the mid-$40 range per barrel of oil.


Mr. Rimer previously served as Senior Vice President, Global Services for Noble Energy, Inc. In his role as Chief Operating Officer, Mr. Rimer will be responsible for Operations, Drilling, Reservoir Engineering, Environmental Health and Safety and Land.

Whiting’s Chairman of the Board, Chief Executive Officer and President Bradley Holly commented, “With Chip on the team, we have completed our transition from a function based, hierarchical structure to a dynamic, team-based organization. Our C-suite now consists of four pillars of responsibility that will underpin Whiting’s future success:

Whiting Petroleum Corporation is a petroleum and natural gas exploration and production company organized in Delaware and headquartered in Denver, Colorado.