Whiting Petroleum Corporation is one of the largest independent exploration and production companies in the USA with an oil focused asset base. We control one of the largest acreage positions in the Bakken/Three Forks resource play in the Williston Basin of North Dakota and Montana with 774,000 net acres in the oil productive sweet spots of the basin encompassing over 7,500 future gross drilling locations. From the Bakken and Three Forks resource play we have consistently been a top oil producer in North Dakota and across the Williston Basin. In the new and large oil prone sweet spot of the eastern DJ Basin of Colorado, we have over 132,000 net acres. Similar to our Bakken and Three Forks acreage position, we are rapidly growing our Niobrara A, B, C and Codell interval production and have an estimated 6,700 future gross drilling locations in these zones. Whiting is headquartered in Denver, Colorado where we operate one of the few in-house geoscience core labs in the oil and gas industry. The Company trades publicly under the symbol WLL on the New York Stock Exchange

Whiting Petroleum Corporation was founded in 1980 and is headquartered in Denver, US

Whiting Petroleum Corporation has an office in Denver

Denver, US (HQ)

2300 1700 Broadway

Whiting Petroleum Corporation's revenue was reported to be $129.2 m in Q3, 2016

USD

## Net income (Q1, 2017) | (87 m) |

## EBIT (Q1, 2017) | (77.5 m) |

## Market capitalization (17-Aug-2017) | 1.6 b |

## Cash (31-Mar-2017) | 16.4 m |

Whiting Petroleum Corporation's current market capitalization is $1.6 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 2.8 b | 3.1 b | 2.1 b | |

## Revenue growth, % | 9% | (34%) | ||

## Sales and marketing expense | 395.1 m | |||

## General and administrative expense | 146.9 m | |||

## Operating expense total | 5 b | 2.1 b | ||

## EBIT | (828.2 m) | |||

## Interest expense | 334.1 m | (557.6 m) | ||

## Pre tax profit | (3 b) | (1.4 b) | ||

## Net Income | 366 m | 64.7 m | (2.2 b) | (1.3 b) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 590 m | 508 m | 292 m | 339.6 m | 129.2 m | ||||

## Sales and marketing expense | 125.6 m | 114.4 m | 105.2 m | 88 m | 90.4 m | ||||

## General and administrative expense | 45 m | 44.8 m | 44.8 m | 33.5 m | 33.9 m | 30.6 m | |||

## Operating expense total | 45 m | 170.4 m | 159.2 m | 138.7 m | 121.9 m | 121 m | |||

## EBIT | (77.5 m) | ||||||||

## Interest expense | 89.2 m | 84.6 m | 81.9 m | 78.7 m | 84.6 m | (48 m) | |||

## Pre tax profit | (226.7 m) | (2.5 b) | (236.9 m) | (411 m) | (335.5 m) | (126.4 m) | |||

## Net Income | 260.5 m | 418.4 m | (106.1 m) | (255.4 m) | (2.1 b) | (171.8 m) | (472.8 m) | (1.2 b) | (87 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 699.5 m | 78.1 m | 16.1 m | 56 m |

## Current Assets | 1.1 b | 843 m | 535.2 m | 622.6 m |

## Goodwill | 875.7 m | |||

## Total Assets | 8.8 b | 14 b | 11.4 b | 9.9 b |

## Accounts Payable | 110.6 m | |||

## Total Debt | 3.5 b | |||

## Current Liabilities | 777.7 m | 1.2 b | 599.8 m | 478.3 m |

## Total Liabilities | 4.7 b | |||

## Additional Paid-in Capital | 1.6 b | 3.4 b | 4.7 b | 6.4 b |

## Retained Earnings | 2.2 b | 2.3 b | 90.5 m | (1.2 b) |

## Total Equity | 3.8 b | 5.7 b | 4.8 b | 5.1 b |

## Debt to Equity Ratio | 0.7 x | |||

## Debt to Assets Ratio | 0.4 x | |||

## Financial Leverage | 2.3 x | 2.5 x | 2.4 x | 1.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 227.1 m | 28.1 m | 105.9 m | 60.2 m | 37.7 m | 1.1 m | 15.3 m | 18.3 m | 16.4 m |

## Current Assets | 733.1 m | 512 m | 763 m | 597.3 m | 558.2 m | 419.5 m | 319.5 m | 286.6 m | 244 m |

## Goodwill | 875.7 m | 875.7 m | 875.7 m | ||||||

## Total Assets | 9.4 b | 9.6 b | 14.5 b | 14.2 b | 11.7 b | 11.2 b | 10.8 b | 10.1 b | 9.4 b |

## Current Liabilities | 941.5 m | 832.1 m | 881.3 m | 802.9 m | 763.9 m | 491.2 m | 427.4 m | 397.9 m | 443.3 m |

## Additional Paid-in Capital | 1.6 b | 1.6 b | 4.6 b | 4.6 b | 4.7 b | 4.7 b | 5.1 b | 5.7 b | 6.4 b |

## Retained Earnings | 2.5 b | 2.7 b | 2.2 b | 2.1 b | 189.2 m | (81.2 m) | (382.3 m) | (1.1 b) | (1.3 b) |

## Total Equity | 4.1 b | 4.3 b | 6.8 b | 6.7 b | 4.9 b | 4.6 b | 4.8 b | 4.6 b | 5.1 b |

## Financial Leverage | 2.3 x | 2.3 x | 2.1 x | 2.1 x | 2.4 x | 2.4 x | 2.3 x | 2.2 x | 1.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 366 m | 64.7 m | (2.2 b) | (1.3 b) |

## Depreciation and Amortization | 891.5 m | 1.1 b | 1.2 b | 1.2 b |

## Cash From Operating Activities | 1.7 b | 1.8 b | 1.1 b | 595 m |

## Cash From Investing Activities | (1.9 b) | (2.9 b) | (2 b) | (222.6 m) |

## Dividends Paid | (538 k) | (538 k) | (538 k) | |

## Cash From Financing Activities | 812.4 m | 423.9 m | 868.7 m | (315.3 m) |

## Interest Paid | 66.5 m | 135.2 m | 292.9 m | 240 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 260.5 m | 418.4 m | (106.1 m) | (255.4 m) | (2.1 b) | (171.8 m) | (472.8 m) | (1.2 b) | (87 m) |

## Depreciation and Amortization | 503.8 m | 789.4 m | 283.5 m | 605.9 m | 922.1 m | 312.3 m | 616.3 m | 900.9 m | 240.4 m |

## Cash From Operating Activities | 891.7 m | 1.3 b | 202.1 m | 528.1 m | 901.3 m | 45.9 m | 206.9 m | 358.3 m | |

## Cash From Investing Activities | (1.3 b) | (2.1 b) | (1 b) | (1.4 b) | (1.8 b) | (260.3 m) | (357 m) | (140.9 m) | |

## Cash From Financing Activities | (41.9 m) | 59.1 m | 847.3 m | 898.8 m | 898.7 m | 199.3 m | 149.3 m | (215.1 m) |

Y, 2017 | |
---|---|

## Financial Leverage | 1.9 x |