- Whiting divested its Redtail assets for $187 million. Redtail development results had been disappointing, resulting in an $835 million impairment charge in 2017.
- Whiting acquired Williston Basin assets for $271 million. These assets give it slightly over one more year's worth of inventory next to its existing Sanish position.
- Near-term cash flow impact appears marginally negative.
- Whiting can make up for its additional debt and slightly reduced near-term cash flow through the development of its newly acquired inventory over time.
For further details see:
Whiting Petroleum: A Look At Its Williston Basin Acquisition And Redtail Divestiture