Whiting Petroleum (WLL -0.5%) files plans for a new trust with the intent to raise up to $385M...

|About: Whiting Petroleum Corporation (WLL)|By:, SA News Editor

Whiting Petroleum (WLL -0.5%) files plans for a new trust with the intent to raise up to $385M through an initial public offering. The company plans to use a majority of the proceeds from the offering to pay down existing debt.