Point of View: Whiting Petroleum to increase emphasis on drilling

Whiting Petroleum Corp., Denver, has increased its base of proved oil and gas reserves through 11 acquisitions to 1.64 tcf of gas equivalent today from the 439 bcf of gas equivalent (bcfe) it held upon becoming a stand-alone, publicly traded company 2 years ago.A holding company for Whiting Oil and Gas Corp., Whiting Petroleum boosted a 2-year inventory of drilling prospects into a 5-year inventory by acquiring Equity Oil Co., Salt Lake City, and buying properties in the Permian basin, Rocky Mountain region, the Midcontinent, and along the Gulf of Mexico coast (OGJ Online, Feb. 9, 2004).Successful acquisitions are routine for Whiting, which began as a public company in 1983 and was sold t...

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