WILLISTON, N.D. – Whiting Petroleum Corp , the largest North Dakota oil producer, said on Monday it would sell 35 million shares of common stock to help cull its $5.63 billion debt load.
JPMorgan is running the company’s stock offering.
Shares of Whiting fell 9 percent to $34.88 in after-hours trading after the offering was announced.
(Reporting by Ernest Scheyder; Editing by Phil Berlowitz)
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