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Tag Archives: whiting petroleum

Whiting to sell part of company, not whole

James Volker, chairman of the board and chief executive officer of Whiting Petroleum Corporation, speaks to guest and investors during an OGIS' conference for mid- and small-tier oil and gas companies in New York, April 7, 2014. REUTERS/Eduardo Munoz

Last week, Reuters published a report with mixed predictions for the future of Whiting Petroleum Corp.’s ownership; a Wall Street Journal article reported the company’s plans to sell, but an unnamed Whiting source seemed unaware of any such plans. Today, Investor’s Business Daily reports that the Denver-based company is seeking buyers for portions rather than ownership. According to the report, ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of March 7 through March 13. Enjoy! 5. Whiting Petroleum set to thrive despite low prices Denver-based Whiting Petroleum Corp. was and continues to be structured around making money at current oil price levels, says James J. Volker, the company’s president and Chief Executive Officer. During the company’s fourth quarter ...

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Colorado jobs OK during O&G budget cuts

jobs or job concept with business folder in office showing earnings concept

Nine major drilling companies in Colorado plan to cut their 2015 budget by about $2 billion, but the state’s diverse economy will likely keep the state afloat just fine, according to a Denver Post article. Eric Berglund, CEO of Upstate Colorado Economic Development in Greeley, offered an optimistic perspective for Colorado’s financial well-being: “Hotels and restaurants still look to be ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of February 15 through February 21. Enjoy! 5. Exxon subsidiary penalized for $1.3M in ND audit dispute BILLINGS, Mont. — A subsidiary of Exxon Mobil Corp. was hit with a $1.3 million civil penalty on Wednesday for failing to provide timely information needed for an audit of its federal oil ...

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Mergers and acquisitions rebound in 2014

As the old saying goes, “business was good” in 2014, literally. Along with initial public offerings (IPOs) surging last year, mergers and acquisitions (M&A) involving oil and gas exploration and production companies rose 23 percent in 2014. M&A deals managed to survive despite the steep drop in crude prices towards the end of the year. According to an end-of-the-year report ...

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Fracking scorecard reveals oil and gas companies fail universally in disclosing risks to investors and communities

On Thursday, a coalition of leading investment advisory firms and advocacy organizations issued a report scoring 30 major oil and gas companies operating across the United States on their disclosure transparency around the risks associated with hydraulic fracturing operations. “Disclosing the Facts 2014: Transparency and Risk in Hydraulic Fracturing Operations” was released by the group known as the Sustainable Investing ...

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Man steals oil, shot in backside

police lights

A 33-year-old Monahans man was accused of stealing oil to fuel his drug addiction, was charged in federal court after a Ward County sheriff’s deputy chased him down and shot him in an attempt to arrest the man. According to a federal complaint, in the early morning of Dec. 1, 2013, David Wayne Schroeder was north of Monahans on the ...

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