Key Developments: Whiting Petroleum Corp (WLL.N)

WLL.N on New York Stock Exchange

89.95USD
23 Jul 2014
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$0.65 (+0.73%)
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Latest Key Developments (Source: Significant Developments)

Whiting Petroleum Corp to acquire Kodiak Oil & Gas Corp. in all stock transaction valued at $6.0 billion
Sunday, 13 Jul 2014 02:57pm EDT 

Whiting Petroleum Corp and Kodiak Oil & Gas Corp:Announces definitive agreement pursuant to which Whiting will acquire Kodiak in an all stock transaction valued at $6.0 billion.Under the agreement, Kodiak shareholders will receive 0.177 of a share of Whiting stock in exchange for each share of Kodiak common stock they hold, representing consideration to each Kodiak shareholder of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014.Says the transaction value based on the closing price of Whiting on July 11, 2014, and including Kodiak's net debt of $2.2 billion as of March 31, 2014.  Full Article

Whiting Petroleum Corp reaffirms FY 2014 production guidance; gives Q2 2014 production guidance
Wednesday, 30 Apr 2014 04:00pm EDT 

Whiting Petroleum Corp:Expects FY 2014 production of 40.20 - 40.80 MMBOE.Q2 2014 production of 9.70 - 9.90 MMBOE.  Full Article

Whiting Petroleum Corp announces retirement of President and COO James Brown
Tuesday, 29 Apr 2014 04:00pm EDT 

Whiting Petroleum Corp:Announces the retirement of James T. Brown, President and Chief Operating Officer effective June 17.James J. Volker Chairman and CEO, will assume the additional position of President effective June 17.  Full Article

Whiting Petroleum Corp gives FY 2014 production guidance
Wednesday, 26 Feb 2014 04:00pm EST 

Whiting Petroleum Corp:Expects FY 2014 production of 40.20 MMBOE -- 40.80 MMBOE.  Full Article

Whiting Petroleum Corp Closes Sale Of Portion Of Its Big Tex Assets in Delaware Basin
Thursday, 31 Oct 2013 05:38pm EDT 

Whiting Petroleum Corporation announced that it has closed the previously announced sale to a private buyer of 32,182 net acres and approximately 200 net BOE per day in the Company's Big Tex prospect area in the Delaware Basin for total consideration of $150.1 million, subject to normal adjustments. Of the total net acres, 30,821 net acres are located in Pecos County, Texas and 1,361 net acres are located in Reeves County, Texas.  Full Article

Whiting Petroleum Corp Announces Completion of $400 Million of Senior Notes Due 2021
Thursday, 26 Sep 2013 04:00pm EDT 

Whiting Petroleum Corp announced that it completed its previously announced private offering to eligible purchasers of $400 million aggregate principal amount of 5.750% senior notes due 2021. The notes were priced at a premium of 101.000% of par. The notes are unsecured and unconditionally guaranteed by Whiting`s wholly-owned subsidiary, Whiting Oil and Gas Corporation. Whiting received approximately $399.3 million in net proceeds from the sale of the notes, after deducting the initial purchaser discount and commissions and estimated offering expenses payable by Whiting and excluding accrued and unpaid interest. Whiting expects to use the net proceeds from the sale of the notes for general corporate purposes, including capital expenditures.  Full Article

Whiting Petroleum Corp Announces Pricing Of $400 Million Of Senior Notes Due 2021
Monday, 23 Sep 2013 04:00pm EDT 

Whiting Petroleum Corp announced that it has priced $400 million aggregate principal amount of 5.750% senior notes due 2021 in a private placement to eligible purchasers. The notes were priced at a premium of 101.000% of par. The notes will be unsecured and unconditionally guaranteed by Whiting`s wholly-owned subsidiary, Whiting Oil and Gas Corporation. The private placement is expected to close on September 26, 2013. Whiting expects to use the net proceeds from the sale of the notes for general corporate purposes including capital expenditures.  Full Article

Whiting Petroleum Corp To Offer $400 Million Aggregate Principal Amount Of Senior Notes Due 2021 In A Private Placement
Monday, 23 Sep 2013 08:15am EDT 

Whiting Petroleum Corp announced that it intends to sell $400 million aggregate principal amount of 5.750% senior notes due 2021 in a private placement to eligible purchasers. The notes will be unsecured and unconditionally guaranteed by Whiting`s wholly-owned subsidiary, Whiting Oil and Gas Corporation. Whiting expects to use the net proceeds from the sale of the notes for general corporate purposes including capital expenditures.  Full Article

Whiting Petroleum Corp Announces Completion of Offering of $1.9 Billion of Senior Notes Due 2019 and 2021
Thursday, 12 Sep 2013 04:01pm EDT 

Whiting Petroleum Corp announced that it completed a public offering of $1.9 billion aggregate principal amount of senior notes consisting of the following: $1.1 billion of senior notes that mature on March 15, 2019 and bear interest at an annual rate of 5.000%, and $800.0 million of senior notes that mature on March 15, 2021 and bear interest at an annual rate of 5.750%. Whiting received net proceeds of approximately $1.8775 billion from the offering, after deducting the underwriting discount and commissions and estimated expenses of the offering. Whiting expects to use the net proceeds from this offering to repay all of the debt outstanding under Whiting Oil and Gas Corporation`s credit agreement, to fund its $260.0 million acquisition of Williston Basin assets, to retire its $250.0 million of outstanding 7.0% Senior Subordinated Notes due 2014 on or prior to their maturity on February 1, 2014 and for general corporate purposes including capital expenditures. Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch acted as the joint book-running managers for the offering.  Full Article

Whiting Petroleum Corp Announces Pricing of Senior Notes Due 2019 and 2021
Monday, 9 Sep 2013 06:13pm EDT 

Whiting Petroleum Corp announced that it has priced a public offering of $1.9 billion aggregate principal amount of senior notes consisting of the following: $1.1 billion of senior notes that mature on March 15, 2019 and bear interest at an annual rate of 5.000%, and * $800.0 million of senior notes that mature on March 15, 2021 and bear interest at an annual rate of 5.750%. Whiting expects to use the net proceeds from this offering to repay all of the debt outstanding under Whiting Oil and Gas Corporation`s credit agreement, to fund its $260.0 million acquisition of Williston Basin assets, to retire its $250.0 million of outstanding 7.0% Senior Subordinated Notes due 2014 on or prior to their maturity on February 1, 2014 and for general corporate purposes including capital expenditures. Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint book-running managers for the offering.  Full Article

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Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc .

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