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Denver company's shareholders approve merger creating $6 billion oil and gas producer

·3 min read
Denver company's shareholders approve merger creating $6 billion oil and gas producer
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Shareholders in a longstanding Denver oil company voted Tuesday to merge the business with a Texas oil producer in a deal that shifts the company headquarters out of Denver. Whiting Petroleum stock owners overwhelmingly favored the deal to combine the company with Houston-based Oasis Petroleum Inc. (Nasdaq: OAS), creating an oil and gas producer worth $6 billion and focused on developing wells in the Williston oil fields of North Dakota. Oasis Petroleum shareholders approved the merger in a vote taken Tuesday, too.