The Firm recently represented J.P. Morgan Securities LLC, as solicitation agent, in connection with SEC-registered consent solicitations and offers to guarantee by Whiting Petroleum Corporation (“Whiting”) to the holders of the 8.125% Senior Notes due 2019, 5.5% Senior Notes due 2021 and 5.5% Senior Notes due 2022 issued by Kodiak Oil & Gas Corp. (“Kodiak”). The transaction sought approval of certain amendments to the indentures for such Notes, with the Noteholders being offered a full and unconditioned guarantee of Whiting of the respective Notes and cash payments. The amendments, which were approved by holders of 99% of the Notes, were sought in connection with Whiting’s pending acquisition of Kodiak in an all-stock transaction.
Whiting is an independent oil and gas company engaged in exploration, development, acquisition and production of crude oil, natural gas and natural gas liquids primarily in the Rocky Mountains and Permian Basin regions of the United States. Whiting’s common shares are listed for trading on the New York Stock Exchange under the symbol WLL.
Kodiak is an independent energy exploration and development company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas primarily in the Williston Basin of North Dakota. Kodiak's common shares are listed for trading on the New York Stock Exchange under the symbol KOG.
The Simpson Thacher team for the offering included John D. Lobrano, Rodrigo Surcan dos Santos, Sarah Elliott and Christian Jackson (Capital Markets); Jonathan Cantor and Jacqueline Barbera (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Andrew Pagliughi and Jennie Getsin (Blue Sky and FINRA).