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Oil and gas trust Whiting USA Trust II prices IPO at $20, the midpoint of the range

March 22, 2012
WHZ

Whiting USA Trust II, a trust formed by Whiting Petroleum to own interests in oil and natural gas assets, raised $320 million by offering 16 million units at $20, the midpoint of the range of $19 to $21. Whiting USA Trust II plans to list on the NYSE under the symbol WHZ. Raymond James and Morgan Stanley acted as joint bookrunners on the deal.