Home / News / Bakken News / $6 billion Whiting-Kodiak merger closer to reality

$6 billion Whiting-Kodiak merger closer to reality

Zach Koppang | Shale Plays Media

The $6 billion merger between Denver-based oil and gas companies Whiting Petroleum Corp. and Kodiak Oil and Gas Corp. has made it past another regulatory stepping block, the Denver Business Journal reports.

Late Tuesday Kodiak announced that it was notified that the waiting period under the Hart-Scott-Rodino Anitrust Improvements Act had been terminated, allowing the merger to move forward.

The deal is scheduled to become final in the fourth quarter of this year. The deal will combine the two companies into the largest producer in the Bakken shale region.

Click here to read the full report at the Denver Business Journal.

Related: Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

Leave a Reply

Your email address will not be published. Required fields are marked *