Whiting Petroleum to offer 35 million shares to reduce debt
By Ernest Scheyder
WILLISTON, N.D., March 23 (Reuters) - 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)