Investopedia's Take on Whiting -- Bakken, North Dakota, USA

Link here.

Costs were also higher this time around. Whiting engages in some relatively sophisticated operations with service providers like Baker Hughes (NYSE:BHI) and those technologies don't come for free. Per-barrel cash costs rose about 13%, though depreciation and depletion allowance (DDA) costs were relatively flat on the same basis.

Still in the Right Places

First quarter performance may disappoint the Street, but Whiting is still a leading player in the Bakken Three Forks area. What's more, the company still has meaningful potential from its Lewis & Clark acreage (in the Bakken) and the Delaware Basin in West Texas. 

That comment regarding DDA was very interesting in light of the Obama administration suggesting an end to these "subsidies."