Whiting generated free cash in each quarter of 2018
By Richard Rostad, analyst, Oil & Gas 360

Whiting Petroleum (ticker: WLL) announced fourth quarter results and reserves today, showing $204 million in net income, or $2.24 per share. This result is far better than the $798 million loss Whiting posted in Q4 2017, but after adjusting for derivatives and other special charges Whiting lost $4.8 million in Q4 2018 and $15.7 million in Q4 2017.

Despite the drop in oil prices, Whiting generated $19 million in free cash flow in Q4, bringing the company’s yearly total free cash flow to $280 million. The company generated free cash in each quarter of the year, a feat it hopes to repeat in 2019.

Whiting produced just under 130 MBOEPD in...


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