Whiting Petroleum Corporation (WLL) today announced it elected to redeem all of the outstanding $798 million aggregate principal amount of 8.125% Senior Notes Due 2019 of Kodiak Oil & Gas Corp. (now known as Whiting Canadian Holding Company ULC) on December 24, 2015. The redemption price will equal 104.063% of the aggregate principal amount of the notes, plus accrued and unpaid interest, if any, to such date. Whiting intends to fund the redemption of the notes with borrowings under its $3.5 billion credit agreement, under which there were no borrowings as of September 30, 2015.
About Whiting Petroleum Corporation
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain and Permian Basin regions of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota, the Niobrara play in northeast Colorado and its Enhanced Oil Recovery field in Texas. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visithttp://www.whiting.com.