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Vol. 10, No. 31 Week of July 31, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry


Whiting Petroleum buys Celero properties

Firm to spend $802M in cash and stock to buy Celero properties in Texas, Oklahoma; deal nearly doubles Whiting’s reserves

Ray Tyson

Petroleum News Houston Correspondent

Denver-based exploration and production independent Whiting Petroleum is accumulating U.S. oil and gas properties faster than a hungry squirrel collects nuts for the winter. In 2004 alone, Whiting completed six property transactions and a merger with Equity Oil, ending that year with proved reserves....

    [additional news subjects in this story]

Celero properties in Oklahoma, Texas

Whiting will operate 95%


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