Rumors Swirl About The Fate of Bakken’s Largest Producer Whiting Petroleum Reportedly Up For Sale Rumors have been swirling for weeks that Denver-based Whiting Petroleum might be up for sale and some companies may be biting. Bloomberg reported on Friday that several companies are expressing interest in Whiting including Exxon Mobil Corp., Continental Resources Inc., Hess Corp. and Statoil ASA. No one is talking openly about a possible deal including Whiting, who has not given any official statement about their intentions. All information has come from anonymous sources and people who are speculating about what the company may do. Bloomberg quotes Phillip Jungwirth, an analyst with Bank of Montreal, who says that “Whiting is probably exploring a sale along with other strategic alternatives, including selling assets, raising debt and selling shares in order to address investor liquidity concerns.” Some believe that a full sale is unlikely due to the Whiting’s […]