, Oct 16 (Reuters) – While the recent slump
in crude oil prices has fanned concern about the longevity of
the U.S. shale boom, it’s created a benefit of sorts for Whiting
Petroleum Corp by lowering the price the North Dakota
oil producer will pay for Kodiak Oil & Gas Inc.
The all-stock deal is now roughly 30 percent cheaper than
when first announced in July, a difference in value of $1.13
billion. The final deal value will reflect Kodiak’s stock price
on the day of closing, expected by the end of the year.