Whiting Petroleum Corp. (NYSE: WLL) nearly doubled its 2017 capex as crude prices stabilize following a two-year rout, according to a Feb. 21 report.However, shares of the Denver-based 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.Oil companies are betting big on a continued rise in crude prices by buying up acreage and raising capital spending. Similarly, Whiting boosted its 2017 capex to $1.1 billion from $554 million in 2016.
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