Whiting Petroleum repays $70 million of bank borrowings in quarter

By Sara Rosenberg

New York, July 28 - Whiting Petroleum Corp. repaid $70 million of bank debt during the second quarter, reducing the balance on its credit facility to $30 million from $100 million, according to a news release.

Funds for the paydown came from discretionary cash flow.

Whiting Petroleum is a Denver-based oil and gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.