Whiting's CEO was interviewed by Jim Cramer on CNBC a few weeks back. Learn more about how the company remains a leading oil play developer straight from the CEO:

Takeaways From the Interview

• Lead in the Bakken by controlling drilling and completion costs
• Drilling time from well spud to total depth in the Bakken has fallen from 30 days to 11-15 days now
• Have used top drive, higher horsepower rigs, and better drill bits to drive down time spent drilling
• WLL has potential for 3,000 drilling locations in the Niobrara
• The Niobrara has 60 million barrels of oil in place in each spacing unit or approximately twice what is found in the Bakken
• With the amount of oil in place, Whiting is already planning 16 well spacing units in the Niobrara