Whiting Petroleum (WLL) Announces 2020 Guidance, Organizational Changes
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Whiting Petroleum Announces 2020 Guidance and Organizational Changes to Better Position the Company for 2021
September 16, 2020 5:19 PM EDTChanges Expected to Generate Approximately $20 Million in Annual Cost Savings
DENVER--(BUSINESS WIRE)-- Whiting Petroleum Corporation (NYSE: WLL) (Whiting or the Company) announced today that it has evaluated and reduced its cost structure to better align Whitings business with the current operating environment. The Company is also updating its 2020 guidance to reflect an increased focus on capital discipline.
Organizational Update
Whiting recently implemented a new organizational structure whereby the Company has reduced its total workforce by 16%, of which over 90% were corporate positions. Whiting expects these changes to the... More
