Whiting Petroleum 2016 Q4 Earnings Results

Whiting Petroleum reports Q4 2016 results with production of 118,890 BOE/d exceeding guidance and capex on target at $554 million. The company achieved a 42% debt reduction since March 2016 and closed the sale of North Dakota midstream assets for approximately $375 million. Enhanced completions in the Williston Basin drove significant productivity improvements.