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Denver’s Whiting Petroleum Corp. may seem like a wildcatter because it looks for, and finds, oil where others see nothing but rock.
But the company — one of the biggest producers in North Dakota’s Bakken oil field, the first new oil field found in the U.S. in decades — doesn’t throw darts at the map when planning its multimillion-dollar drilling projects.
Hard-core science guides the company’s decisions. And much of the science Whiting (NYSE: WLL) looks at comes from its “rock analysis…