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Tag Archives: whiting

Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

crude prices rise

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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Top U.S. hedge funds adjust energy bets on sliding oil prices

NEW YORK – Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital’s David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital’s Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn’s $11 billion Greenlight Capital increased its stake in Consol Energy Inc by 7.3 million shares ...

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Carrizo announces business outcome for 2014

Earlier this month, Carrizo Oil and Gas, Inc. reported record fourth-quarter and end-of-year results for 2014: oil production rose 70 percent from 2013 at 22,130 barrels per day, oil revenue shot up 28 percent to $140.9 million, and total revenue saw a 26 percent growth from 2013, totaling $163.3 million. The company currently operates a single well in the Niobrara ...

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The top 5 Bakken stories of the week

swing of success

Rig Count: 188 5. Shareholders approve acquisition between pair of Denver-based company’s Whiting Petroleum Corp. shareholders have approved the acquisition of Kodiak Oil & Gas Corp. in an all-stock deal, according to the Denver Business Journal. The deal is valued at $6 billion. A merger between the two companies was announced back on July 13 of this year. It is ...

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BP says Whiting refinery still in production after fire

Reuters HOUSTON – BP Plc <BP.L> said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. One worker was taken to an area hospital for treatment, but was later released, the company said. BP said operations at the 413,500 barrel ...

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Company must submit follow-up plan after blowout

oil waste

By Amy Dalrymple Today at 10:23 a.m. WATFORD CITY – Whiting Oil and Gas will submit an assessment and monitoring plan after an oil well blowout sprayed some brush and trees last week, the North Dakota Department of Health said. The total amount spilled on the ground from the Feb. 13 incident is estimated to be 25 barrels of oil and 25 barrels ...

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