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BS - Whiting Petroleum Corp. Highlights - April 14, 2020
Whiting Petroleum Corp. filed for Chapter 11 bankruptcy protection on April 1 on fears that the borrowing capacity on its $1 billion loan would be reduced. Company attorney Brian Schartz told the court that Whiting thought its borrowing base wouldn’t go “anywhere but down.” The shale E&P company becomes the first sizeable firm in its category to file for protection. It said that certain holders of a combined $2.2 billion principal amount of its......
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