MINOT, N.D.—”The for sale sign is out,” Whiting Petroleum Corp. CEO Brad Holly told the Denver Business Journal recently. “We’re trying to sell all our properties in Colorado.”
That’s a pretty big deal, because as it happens Whiting, founded in 1980, is actually headquartered in Colorado where it exists as the state’s largest oil company.
Why would a company like Whiting be abandoning the state it has called home for nearly four decades? Holly blamed the “regulatory environment” in Colorado, but added something important for North Dakotans to take note of.
“It’s different in North Dakota,” he said.