Firm’s war chest replenished with $1.5 billion after third private placement since 2007.
The transaction makes Whiting the biggest Bakken/Three Forks producer.
Oil price sensitivity heightened as $5 WTI change moves cash flow by $350 million.
Tall City CEO weighs in on uncertainty of crude prices as bidders consider northern Wolfcamp acreage.
With a $5.4 billion Marcellus deal already pending, financial concerns may dog Southwestern.
Tall City Exploration focused on strategic withdrawal by 2015.
The acquisition does not include any of BHP's unconventional Haynesville Shale assets.
Miller expects the sale of its Tennessee operations will increase its cash flow by about $800,000 per year.
The acquisition is expected to close in December.
Proceeds from the transactions will fund the company’s 2014 leasehold program.
The merger is expected to make Breitburn the largest oil-weighted upstream oil and gas MLP.
An update on the transaction should come in the next few days.