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0000950123-10-087466.txt : 20100920 0000950123-10-087466.hdr.sgml : 20100920 20100920160813 ACCESSION NUMBER: 0000950123-10-087466 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100920 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100920 DATE AS OF CHANGE: 20100920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WHITING PETROLEUM CORP CENTRAL INDEX KEY: 0001255474 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 200098515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31899 FILM NUMBER: 101080618 BUSINESS ADDRESS: STREET 1: 1700 BROADWAY, SUITE 2300 CITY: DENVER STATE: CO ZIP: 80290 BUSINESS PHONE: 303-837-1661 MAIL ADDRESS: STREET 1: 1700 BROADWAY STREET 2: STE 2300 CITY: DENVER STATE: CO ZIP: 80290-2300 FORMER COMPANY: FORMER CONFORMED NAME: WHITING PETROLEUM HOLDINGS INC DATE OF NAME CHANGE: 20030721 8-K 1 d76304e8vk.htm FORM 8-K e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 20, 2010

Whiting Petroleum Corporation

(Exact name of registrant as specified in its charter)


Delaware	1-31899	20-0098515

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1700 Broadway, Suite 2300, Denver, Colorado 80290-2300
(Address of principal executive offices, including ZIP code)

(303) 837-1661

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o		Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))

Item 8.01. Other Events.

For purposes of Whiting Petroleum Corporation’s (the “Company’s”) Registration Statement on Form S-3 (Registration No. 333-159055) (the “Registration Statement”), the Company’s computation of the Ratio of Earnings to Fixed Charges for the six month period ended June 30, 2010, and the years ended December 31, 2009, 2008, 2007, 2006 and 2005, is filed herewith as Exhibit 12.1 and is incorporated by reference into this Current Report on Form 8-K and the Registration Statement.

Item 9.01. Financial Statements and Exhibits.

	(a)		Not applicable.

	(b)		Not applicable.

	(c)		Not applicable.

	(d)		Exhibits:

12.1

Computation of the Ratio of Earnings to Fixed Charges for the six month period ended June 30, 2010, and the years ended December 31, 2009, 2008, 2007, 2006 and 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	WHITING PETROLEUM CORPORATION
Date: September 20, 2010	By:	/s/ James J. Volker
		James J. Volker
		Chairman, President and Chief Executive Officer

WHITING PETROLEUM CORPORATION
FORM 8-K
EXHIBIT INDEX


Exhibit
Number		Description
12.1		Computation of the Ratio of Earnings to Fixed Charges for the six month period ended June 30, 2010, and the years ended December 31, 2009, 2008, 2007, 2006 and 2005.

EX-12.1 2 d76304exv12w1.htm EX-12.1 exv12w1

Exhibit 12.1

WHITING PETROLEUM CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)


	Six Months
	Ended			Year Ended December 31,
	June 30, 2010			2009			2008			2007			2006			2005
Fixed charges:
Interest expensed	$	25,600		$	53,582		$	59,010		$	65,977		$	66,265		$	35,245
Interest capitalized		783			3,406			3,129			3,664			556			—
Amortized premiums, discounts and capitalized expenses related to indebtedness		5,724			11,026			6,068			6,527			7,224			6,802
Estimate of interest within rental expense		326			603			431			424			386			298

Total fixed charges		32,433			68,617			68,638			76,592			74,431			42,345


Earnings:
Income (loss) before income taxes	$	341,984		$	(162,835	)	$	408,820		$	207,162		$	233,272		$	196,098
Income from equity investees		(643	)		(1,581	)		(1,625	)		(1,365	)		(282	)		(409	)
Fixed charges (above)		32,433			68,617			68,638			76,592			74,431			42,345
Amortization of capitalized interest		559			776			463			97			41			41
Distributed income from equity investees		673			1,780			1,775			928			987			657
Interest capitalized		(783	)		(3,406	)		(3,129	)		(3,664	)		(556	)		—

Total earnings	$	374,223		$	(96,649	)	$	474,942		$	279,750		$	307,893		$	238,732


Ratio of earnings to fixed charges (unaudited) (1)		11.54			—			6.92			3.65			4.14			5.64


(1)		For the year ended December 31, 2009, earnings were inadequate to cover fixed charges, and the ratio of earnings to fixed charges therefore has not been presented for that period. The coverage deficiency necessary for the ratio of earnings to fixed charges to equal 1.00x (one-to-one coverage) was $165.3 million for the year ended December 31, 2009.