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Whiting Petroleum Corp  (WLL)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.0000 $0.00 %
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Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 39
 Employees 850
 Revenues (TTM) (Millions $) 1,753
 Net Income (TTM) (Millions $) 391
 Cash Flow (TTM) (Millions $) -61
 Capital Exp. (TTM) (Millions $) 379

Whiting Petroleum Corp
We are an independent oil and gas company engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. We were incorporated in the state of Delaware in 2003 in connection with our initial public offering.

Since our inception, we have built a strong asset base through a combination of property acquisitions, development of proved reserves and exploration activities. Our current operations and capital programs are focused on organic drilling opportunities and on the development of previously acquired properties, specifically on projects that we believe provide the greatest potential for repeatable success and production growth, while selectively pursuing acquisitions that complement our existing core properties, such as the acquisition of Kodiak Oil & Gas Corp. (the “Kodiak Acquisition”) discussed in the “Acquisitions and Divestitures” footnote in the notes to the consolidated financial statements.

Our goal is to generate meaningful growth in shareholder value through the development, acquisition and exploration of oil and gas projects with attractive rates of return on capital. Specifically, we have focused, and plan to continue to focus, on the following:

Developing Existing Properties. The development of large resource plays such as our Williston Basin and Denver Julesburg Basin (“DJ Basin”) projects has become one of our central objectives. As of December 31, 2016, we have assembled approximately 736,000 gross (443,800 net) developed and undeveloped acres in the Williston Basin located in North Dakota and Montana. As of December 31, 2016, we had four drilling rigs operating in this area. During 2016, we entered into two separate wellbore participation agreements related to wells drilled in the Williston Basin, which helped allow us to continue completion activity in this area.

At our Redtail field in the DJ Basin in Weld County, Colorado, we have assembled approximately 157,200 gross (132,200 net) developed and undeveloped acres. As of December 31, 2016, we had one drilling rig operating in the DJ Basin. We suspended completion operations in this area beginning in the second quarter of 2016; however, we plan to resume completion activity in early 2017. Our Redtail gas plant processes the associated gas produced from our wells in this area, and has a current inlet capacity of 50 MMcf/d.

Disciplined Financial Approach. Our goal is to remain financially strong, yet flexible, through the prudent management of our balance sheet and active management of our exposure to commodity price volatility. We have historically funded our acquisition and growth activity through a combination of equity and debt issuances, bank borrowings, internally generated cash flows and certain oil and gas property divestitures, as appropriate, to maintain our financial position. As a result of sustained lower crude oil prices in 2015 and 2016, we significantly reduced our level of capital spending to more closely align with our cash flows generated from operations, and have focused our drilling activity on projects that provide the highest rate of return. From time to time, we monetize non-core properties and use the net proceeds from these asset sales to repay debt under our credit agreement or fund our E&D expenditures. For example, during 2015 and 2016 we sold a large number of non-core oil and gas properties that no longer matched the profile of properties we desire to own. In addition, to support cash flow generation on our existing properties and help ensure expected cash flows from newly acquired properties, we periodically enter into derivative contracts. Typically, we use costless collars, swaps and crude oil sales and delivery contracts to provide an attractive base commodity price level. As of January 3, 2017, we had derivative contracts covering the sale of approximately 49% of our forecasted 2017 oil production.

We believe that our key competitive strengths lie in our focused asset portfolio, our experienced management and technical teams and our commitment to the effective application of new technologies.

Focused, Long-Lived Asset Base. As of December 31, 2016, we had interests in 4,687 gross (1,917 net) productive wells on approximately 849,300 gross (517,200 net) developed acres across our geographical areas. We believe the concentration of our operated assets presents us with multiple opportunities to successfully execute our business strategy by enabling us to leverage our technical expertise and take advantage of operational efficiencies. Our proved reserve life is approximately 12.9 years based on year-end 2016 proved reserves and 2016 production.

Experienced Management and Technical Teams. Our management team averages 30 years of experience in the oil and gas industry. Our personnel have extensive experience in each of our core geographical areas and in all of our operational disciplines. In addition, our team of acquisition professionals has an average of 33 years of experience in the evaluation, acquisition and operational assimilation of oil and gas properties.



   Company Address: 1700 Lincoln Street, Suite 4700 Denver 80203 CO
   Company Phone Number: 837-1661   Stock Exchange / Ticker: NYSE WLL
   


Customers Net Income grew by WLL's Customers Net Profit Margin grew to

265.2 %

13.14 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AR   -1.94%    
CHKEW   -1.94%    
DVN        1.91% 
EOG        2.26% 
OXY        3.37% 
PXD        3.52% 
• View Complete Report
   



Denbury Inc

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Introduction
The stock market is often marked by fluctuating trends and can present both profitable and challenging times for investors. Denbury Inc, an energy company operating in the United States, has recently reported a decline in its net profit, income, and revenue for the April to June 30, 2023 period. This article aims to analyze the significant factors contributing to this decline and provide insights into Denbury Inc's profitability trends.
Profitability Declines
During the April-June 2023 period, Denbury Inc's net profit per share witnessed a significant plummet of -55.83%, dropping to $1.25 per share from $2.83 per share compared to the previous year. This downward trend reflects the challenges faced by the company that have impacted its financial performance. Additionally, income faded by -24.7%, declining from $1.66 per share in the previous reporting season to $1.25 per share.
Revenue Downturn
Denbury Inc's revenue also experienced a substantial decline of -31.768%, dropping to $328.98 million from $482.16 million during the same reporting season in the previous year. Moreover, the sequential revenue decline stood at -3.529%, from $341.02 million. This decline in revenue suggests a less favorable market environment for the company and may reflect moderating demand in the industry segment.

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Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position.
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Nine Energy Service Inc

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As a stock market journalist, it is my duty to provide an objective and thorough analysis of the financial results of Comstock Resources Inc. Based on the given information, it is evident that the company's performance has taken a significant hit in the fiscal period closing June 30, 2023.
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Murphy Oil Corporation, a prominent player in the oil and gas production industry, has seen mixed financial results in recent months. While the company's stock performance has shown marginal improvement, its revenue and profitability have taken a significant hit. The decline in revenues, reduced earnings per share, and unfavorable margins have raised concerns about the company's future prospects.
Factors Affecting Financial Performance:
1. Declining Revenue and Earnings:
The most recent fiscal period witnessed a sharp decline in revenue by approximately 26.018%. This downturn had a severe impact on the company's income, which plummeted by 72.2%. Comparing the current revenue of $814.59 million to the previous year's $1.10 billion highlights the challenging market conditions for Murphy Oil Corporation.






 

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