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Summary: Whiting Petroleum Corp. Oct 11 Product Image

Summary: Whiting Petroleum Corp. Oct 11

  • Published: October 2011
  • Standard & Poors

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  • Whiting Petroleum Corp.
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Abstract
Standard and Poor's Rating Services' corporate credit rating on Denver-based Whiting Petroleum Corp. reflects the company's leading acreage position in the oil-rich Bakken shale; a production mix weighted toward oil, for which price realizations are significantly higher than natural gas; and the company's low debt leverage. The rating also reflects Whiting's history of making sizeable acquisitions, mature reserve base, and our estimate that the company will outspend operating cash flows in 2011 and 2012. Standard & Poor's Ratings Services classifies Whiting's business profile as fair, given its leading acreage position in the oil-rich Bakken shale in the Williston Basin and the high proportion of oil in its production and reserve base (roughly 80%), offset by the maturity of its proven...

Companies mentioned in this report are: Whiting Petroleum Corp.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and READ MORE >

Whiting Petroleum Corp.

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