Whiting proudly provides this video tour of our US Operations. This video, in production and periodically updated since 2009, documents the full span of our operations and provides an introduction to many of Whiting’s professionals. We believe it is critical for all of our stakeholders to have exposure to our philosophy, our operational expertise and our view of the company’s future. We believe you will find this video informative, and hope you come to a greater understanding of the breadth and depth of experience and expertise resident in Whiting Petroleum Corporation.
Jim Volker article in MIDSTREAM
“We’re all oil, all the time” Jim Volker spoke during the Hart Energy’s Rockies Midstream conference in Denver.
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Western Energy Alliance announced that James Volker is the recipient of the 2012 Wildcatter of the Year on September 24, 2012.
Read Jim Volker's Q&A article in CONNEXUS Magazine.
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This website contains statements that Whiting Petroleum Corporation ("Whiting") believes to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts, including statements regarding the expected benefits of the proposed transaction to Whiting and their stockholders, the anticipated completion of the proposed transaction or the timing thereof, the expected future reserves, production, financial position, business strategy, revenues, earnings, costs, capital expenditures and debt levels of the combined company, and plans and objectives of management for future operations, are forward-¬looking statements. Such forward¬-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, but are not limited to: Whiting's business and financial strategy, oil and natural gas prices, production, reserves and resources, the impacts of state and federal laws, the impacts of hedging on our results of operations, level of success in exploration, development, acquisition and production activities, uncertainty regarding Whiting's future operating results and plans, objectives, expectations and intentions, Whiting's ability to successfully integrate Kodiak Oil & Gas Corp. after the acquisition of Kodiak and achieve anticipated benefits from the transaction and other risks described under the caption "Risk Factors" in Whiting's Annual Report on Form 10¬K for the year ¬ended December 31, 2014.Whiting's production forecasts and expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and the undertaking and outcome of future drilling activity, which may be affected by significant commodity price declines or drilling cost increases.
In documents in this website, we refer to Adjusted Net Income, Discretionary Cash Flow and EBITDAX, which are non-GAAP measures that the Company believes are helpful in evaluating the performance of its business. A reconciliation of such non-GAAP measures to the relevant GAAP measures can be found in the relevant documents.
Whiting uses in this website the terms proved, probable and possible reserves. Proved reserves are reserves which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible from a given date forward from known reservoirs under existing economic conditions, operating methods and government regulations prior to the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain. Probable reserves are reserves that are less certain to be recovered than proved reserves, but which, together with proved reserves, are as likely as not to be recovered. Possible reserves are reserves that are less certain to be recovered than probable reserves. Estimates of probable and possible reserves which may potentially be recoverable through additional drilling or recovery techniques are by nature more uncertain than estimates of proved reserves and accordingly are subject to substantially greater risk of not actually being realized by Whiting.
Whiting uses in this website the term "total resources," which consists of contingent and prospective resources, which SEC rules prohibit in filings of U.S. registrants. Contingent resources are resources that are potentially recoverable but not yet considered mature enough for commercial development due to technological or business hurdles. For contingent resources to move into the reserves category, the key conditions or contingencies that prevented commercial development must be clarified and removed. Prospective resources are estimated volumes associated with undiscovered accumulations. These represent quantities of petroleum which are estimated to be potentially recoverable from oil and gas deposits identified on the basis of indirect evidence but which have not yet been drilled. This class represents a higher risk than contingent resources since the risk of discovery is also added. For prospective resources to become classified as contingent resources, hydrocarbons must be discovered, the accumulations must be further evaluated and an estimate of quantities that would be recoverable under appropriate development projects prepared. Estimates of resources are by nature more uncertain than reserves and accordingly are subject to substantially greater risk of not actually being realized by Whiting.