S&P: Whiting Petroleum unchanged

Standard & Poor's said its BB- corporate credit rating on Whiting Petroleum Corp. was unaffected by the company's announcement that it will acquire properties in the Uinta Basin in northeastern Utah for $365 million.

While Whiting's adjusted debt will increase to more than $1 billion as a result of the transaction, its credit measures remain at acceptable levels, with debt to barrel of oil equivalent in the $5 area, the agency added.

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