Independant oil and gas company Whiting Petroleum Corp reported worse than expected second quarter earnings Wednesday with a surprise loss and laying off a third of it’s staff. $WLL stock fell over 38% after it guided for lower oil production, higher cash costs and weaker pricing.
Whiting Petroleum Turns To Loss With Rising Oil Differentials
Independant oil and gas company Whiting Petroleum Corp reported worse than expected fourth quarter earnings after the market close Tuesday. WLL was hurt by lower crude prices and higher oil differentials. Oil differentials significantly increased in December.
Whiting Petroleum Boost Earnings and Production Outlook
Independant oil and gas company Whiting Petroleum Corp reported better than expected third quarter earnings after the market close Tuesday. Production of oil equivalent came in at the high end of guidance.