Whiting Petroleum, the US oil-and-gas producer that has an equity value of $5.8bn, is believed to be in the midst of an auction process, after plummeting crude prices took a bite out of the company’s results and its shares tumbled.
PressDigest
US energy producer seeks buyer amid plunge in oil prices
Whiting Petroleum, the US oil-and-gas producer that has an equity value of $5.8bn, is believed to be in the midst of an auction process, after plummeting crude prices took a bite out of the company’s results and its shares tumbled.