Whiting Petroleum plans 60% decrease in spending in 2021 – BizWest
DENVER and WELD COUNTY — Whiting Petroleum Inc. (NYSE: WLL) will spend far less in new drilling and production in the coming year than it planned to do at the beginning of 2020, a signal that energy producers are still reeling from the steep demand cuts due to the pandemic. The Denver-based oil producer expects to spend $240 million in capital expenditures across its plays in Colorado, Montana and North Dakota and drill or turn-in-line 93 wells during the year, according to guidance released Tuesday. The company did not respond to queries Tuesday and Wednesday asking how much of that budget...
Source: bizwest.com