Whiting Petroleum Corp. (NYSE:WLL) has completed its previously announced acquisition of Kodiak Oil & Gas Corp., creating the largest Bakken/Three Forks producer. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the arrangement on December 5, 2014. The all-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on December 3, 2014.

In July, A-DCenter.com reported that the transaction was valued at around $6 billion. The amount was based on the closing price of Whiting stock July 11 and Kodiak’s net debt of $2.2 billion as of March 31.

The transaction enhances Denver-based Whiting's leading oil-weighted platform and is expected to drive production, reserve growth and operational efficiencies. Based on the closing price of Whiting stock on December 5, 2014, the combined company has a market capitalization of approximately $6.2 billion.
As a result of the completion of the merger, the common stock of Kodiak Oil & Gas Corp. is no longer listed for trading on the New York Stock Exchange. Pursuant to the terms of the arrangement, each share of common stock of Kodiak Oil & Gas Corp. will be exchanged for 0.177 of a share of Whiting common stock.