Whiting Petroleum, North Dakota's largest oil producer, nearly doubled its 2017 budget for capital spending as crude prices stabilise following a two-year rout.
However, shares of the company were down 3.5% after the bell as the oil producer's revenue fell below analysts' expectations due to a steep drop in production.
Denver-based Whiting boosted its 2017 spending to $1.1 billion from $554 million in 2016.
The
