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Whiting Petroleum Corp (WLL)

WLL on New York Consolidated

11.11USD
17 Feb 2017
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Latest Key Developments (Source: Significant Developments)

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

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BRIEF-Whiting Petroleum enters into sales agreements for North Dakota midstream assets

* Whiting Petroleum Corporation enters into sales agreements for North Dakota midstream assets