28 Mar 2012capital raising announcement▲ GoodMajor
Closed its IPO on March 28, 2012: sponsor Whiting Petroleum Corporation sold all 18,400,000 trust units (the full base offering plus the underwriters' over-allotment option, exercised in full) at listing under NYSE symbol "WHZ." In the same closing, Whiting Oil and Gas Corporation conveyed a 90% net profits interest (NPI) in its working interests across 1,300+ Permian Basin, Rocky Mountain, Gulf Coast and Mid-Continent wells to the Trust - the Trust's only asset - and the parties signed the Amended and Restated Trust Agreement and an Administrative Services Agreement with Whiting Oil and Gas as operator.