Whiting surprised the market with a reported EPS of US4c. The consensus estimate was for a loss of US4c per share and $US643m in revenue. Oil, NGL and natural gas sales were better as well at $US650.5m.
Q2 production was 15.5 MMBOE, or 170,245 BOE/d as preannounced. This is up 2 per cent sequentially and above the high end of prior guidance net of 8,300 BOE/d. Production composition was 89 per cent crude oil/NGLs.