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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Mar. 31, 7:19 AM

Slide #15. Whiting Petroleum Corporation Secondary Offering

Company: Whiting Petroleum Corporation (NYSE:WLL)
Date announced: 3/23/2015
Shares Offered: 35,000,000
Date of Pricing: 3/24/2015
Price Per Share: $30.00
Secondary Offering Details: Whiting Petroleum Corporation (NYSE:WLL) announced today that it has priced a public offering of 35,000,000 shares of its common stock at a price of $30.00 per share for total net proceeds of approximately $1.0 billion, after deducting underwriter's discounts and commissions. The underwriter has a 30-day option to purchase up to an additional 5,250,000 shares of Whiting's common stock. The offering is expected to close on March 27, 2015, subject to customary conditions.

Whiting Petroleum is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas liquids and natural gas primarily in the Rocky Mountains and Permian Basin regions of the U.S. Co. sells its oil and gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas with no access to pipelines, oil is trucked to storage facilities. As of Dec 31 2013, Co. had estimated total proved reserves of 438.5 million barrels of oil equivalent, consisting of 347.4 million barrels of oil, 44.9 million barrels of natural gas liquids and 277.50 billion cubic feet of natural gas.

Preferred: WLL.PRA


Open the WLL Page at The Online Investor »

Company Name:  Whiting Petroleum Corp
Website:  www.whiting.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding WLL:  37
Total Market Value Held by ETFs:  $97.51M
Total Market Capitalization:  $5.27B
% of Market Cap. Held by ETFs:  1.85%
 

Open the WLL Page at The Online Investor (in a new window) »

March 31, 2015    7:19 AM Eastern
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Buy (3.28 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)
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