Whiting Petroleum Corporation Reports Unaudited Production Results for the Fourth Quarter and Year Ended December 31, 2019; Provides Production Guidance for the Full Year of 2019; Announces Impairment Expenses for the Fourth Quarter Ended December 31, 2019
For the year, the company reported oil of 29,811 MBbl compared to 31,517 MBbl a year ago. NGLs was 7,596 MBbl compared to 7,394 MBbl a year ago. Natural gas was 50,483 MMcf compared to 46,810 MMcf a year ago. Total production 45,820 MBOE compared to 46,712 MBOE a year ago.
For the full year 2020, the company expects production to be in range of 40.9 MMBOE to 43.3 MMBOE. Oil production to be in range of 24.9 MMBOE to 26.4 MMBOE.
For the fourth quarter 2019, the company announced impairment expenses of $2,137,000 compared to $19,676,000 in last a year ago.