By Denver Business Journal

Whiting Petroleum Corp. said Wednesday that its board has declared a 2-for-1 stock split.

The Denver-based oil and gas company (NYSE: WLL) said that stockholders of record at the close of business on Feb. 7 will get one additional share of common stock for each share they own. It said it expects the additional shares will be issued in book-entry form on Feb. 21.

It said stockholders can get physical stock certificates on request, they do not need to exchange their existing stock certificates, and they will receive a direct-registration statement reflecting the new shares.

"Today's announcement of a stock split reflects the confidence of our board of directors and management in our long-term growth strategies and business opportunities," James J. Volker, Whiting chairman and CEO, said in a statement. "Additionally, we believe that the stock split will make our stock more attractive to a broader investor base."

Whiting shares closed at $113.81 in Tuesday's trading and were trading higher Wednesday morning. ( Current stock quote here.)

Copyright 2011 American City Business Journals
Copyright 2010