Whiting Petroleum

Whiting Petroleum has signed an agreement with Kodiak Oil & Gas to acquire Kodiak in an all-stock transaction valued at USD 6 billion, including Kodiak’s net debt of USD 2.2 billion. Following the transaction, shareholders of Whiting are expected to own approximately 71% of the combined company on a fully diluted basis, and shareholders of Kodiak are expected to own approximately 29%.


Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.