Key Developments: Whiting Petroleum Corp (WLL)

WLL on New York Consolidated

17.60USD
28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Whiting Petroleum Corp raises FY 2015 production outlook; gives Q3 2015 production outlook
Wednesday, 29 Jul 2015 04:00pm EDT 

Whiting Petroleum Corp:Expects FY 2015 production of 59.2 - 59.8 MMBOE.Expects Q3 2015 production of 14.7 - 15.1 MMBOE.  Full Article

Whiting Petroleum Corp announces completion of offering of common stock and senior notes
Friday, 27 Mar 2015 08:10pm EDT 

Whiting Petroleum Corp:Says that it completed its previously announced registered public offering of 35,000,000 shares of its common stock for total net proceeds of about $1.0 billion, after deducting underwriter's discounts and commissions.Also announced by separate press release that it has completed its previously announced private unregistered offering of $1.25 billion aggregate principal amount of 1.25 pct. convertible senior notes due 2020.Says this amount includes sale of $250 million aggregate principal amount of convertible senior notes pursuant to exercise of initial purchasers' option in full to purchase additional convertible senior notes.Announced that it has completed its previously announced private unregistered offering of $750 million aggregate principal amount of 6.25 pct. senior notes due 2023.Received about $3.0 billion in aggregate net proceeds from offerings.Used net proceeds from offerings to repay all of amounts outstanding under its credit agreement and will use remainder for its general corporate purposes.  Full Article

Whiting Petroleum Corp prices $750 million senior notes due 2023
Tuesday, 24 Mar 2015 04:27pm EDT 

Whiting Petroleum Corp:Prices $750 million aggregate principal amount of 6.25 pct senior notes due 2023 in a private unregistered offering to eligible purchasers.Says notes were priced at par.Offering is expected to close on March 27.Expects to use net proceeds to repay all or a portion of the amount outstanding under its credit agreement and any remainder for general corporate purposes.  Full Article

Whiting Petroleum Corporation announces pricing of $1.0 bln aggregate principal amount of convertible senior notes due 2020
Tuesday, 24 Mar 2015 09:41am EDT 

Whiting Petroleum Corporation:Prices $1.0 bln aggregate principal amount of 1.25 pct convertible senior notes due 2020.Says initial purchasers have 30-day option to purchase up to an additional $250.0 mln aggregate principal amount of convertible senior note.Convertible senior notes were priced at par.Offering is expected to close on March 27.Convertible senior notes will bear interest at rate of 1.25 pct per year, payable semi-annually in arrears on April 1 and Oct. 1, beginning on Oct. 1.Convertible senior notes will mature on April 1, 2020, unless earlier converted or repurchased.Convertible senior notes will be convertible at an initial conversion rate of 25.6410 shares of it's common stock per $1,000 principal amount of convertible senior notes, which is equivalent to an initial conversion price of about $39.00.Represents an about 30 pct premium to public offering price per share of it's common stock in concurrent public offering of it's common stock.Expects to use net proceeds to repay all or portion of the amount outstanding under its credit agreement and any remainder for general corporate purposes.  Full Article

Whiting Petroleum Corp announces pricing of public offering of common stock
Tuesday, 24 Mar 2015 09:39am EDT 

Whiting Petroleum Corp:Has priced public offering of 35,000,000 shares of its common stock at a price of $30.00 per share for total net proceeds of about $1.0 bln, after deducting underwriter's discounts and commissions.Says underwriter has 30-day option to purchase up to an additional 5,250,000 shares of Whiting's common stock.Says offering is expected to close on March 27, subject to customary conditions.Expects to use net proceeds from offerings to repay all a portion of amount outstanding under its credit agreement and any remainder for general corporate purposes.J.P. Morgan Securities LLC is acting as sole book-running manager.  Full Article

Whiting Petroleum Corporation announces offering of 35,000,000 shares of common stock and senior notes
Monday, 23 Mar 2015 05:16pm EDT 

Whiting Petroleum Corporation:Commences a registered public offering of 35,000,000 shares of its common stock.Expects to grant the underwriter a 30-day option to purchase up to an additional 5,250,000 shares of its common stock.Also commences private unregistered offerings to eligible purchasers of $1.0 bln aggregate principal amount of convertible senior notes due 2020 and $750 million aggregate principal amount of senior notes due 2023.Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the convertible senior notes or the senior notes.Expects to use the net proceeds from the offerings to repay all or a portion of the amount outstanding under its credit agreement and any remainder for general corporate purposes.J.P. Morgan Securities LLC is acting as sole book-running manager for the common stock offering.  Full Article

Whiting Petroleum Corp gives Q1, FY 2015 production outlook
Wednesday, 25 Feb 2015 04:00pm EST 

Whiting Petroleum Corp:Expects FY 2015 production of 59.0 - 59.7 MMBOE.Expects Q1 2015 production of 14.45 - 14.85 MMBOE.  Full Article

Whiting Petroleum Corp completes acquisition of Kodiak Oil & Gas
Monday, 8 Dec 2014 07:00am EST 

Whiting Petroleum Corp:Completes acquisition of Kodiak Oil & Gas Corp. (Kodiak), creating the largest Bakken/Three Forks producer.Closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement on Dec. 5.All-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on Dec. 3.  Full Article

Whiting Petroleum Corp reaffirms FY 2014 production guidance; gives Q4 2014 production guidance
Wednesday, 29 Oct 2014 04:01pm EDT 

Whiting Petroleum Corp:Expects Q4 2014 production in the range of 11.10 - 11.50 MMBOE.Expects FY 2014 production in the range of 40.70 - 41.30 MMBOE.  Full Article

Whiting Petroleum Corporation announces Kodiak Oil & Gas Corp. obtains interim order in connection with proposed acquisition
Wednesday, 22 Oct 2014 05:05pm EDT 

Whiting Petroleum Corporation:Says that, in connection with its previously announced agreement to acquire Kodiak Oil & Gas Corp., Kodiak has obtained an interim order from the British Columbia Supreme Court.Authorizing, among other procedural matters, the calling and holding of a special meeting of Kodiak's securityholders to be held on Dec. 03 to vote on matters related to the proposed acquisition.  Full Article

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Top U.S. hedge funds stayed bullish in second quarter on energy as slump began

NEW YORK - Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday.

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