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Whiting Petroleum emerges from Bankruptcy

AFTER the oil price crash in March-April, US shale pioneer Whiting Petroleum was one of the first to file for Chapter 11 bankruptcy with a mountainous debt worth billions.

paul hunt
Whiting Petroleum emerges from Bankruptcy

  Overnight the American oiler announced it had emerged from Chapter 11 and completed a financial restructure. The restructuring resulted in a reduction of approximately $3 billion of debt and a new...

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