Whiting Petroleum
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The combined company will control almost 1 million acres in the Williston Basin and daily production over 165,000 BOE/D. -
Golden parachutes typically pay executives big money if they are fired without cause. Whiting Petroleum executives found a way to collect theirs for staying on board after the company they led filed for bankruptcy.
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The Bakken and Niobrara operator will eliminate 254 jobs in an effort “to better align [its] business with the current operating environment.”
