Whiting Petroleum is in a mature post-confirmation posture, with the latest docket activity consisting of a post-confirmation report rather than active plan litigation or a new sale/financing process. The case began on April 1, 2020, when the Denver-based E&P company filed chapter 11 amid a capital structure that included about $3.44 billion of funded debt: a $1.072 billion RBL facility, $1.0 billion of 6.625% senior notes due 2026, $773.6 million of 5.75% senior notes due 2021, $408.3 million of 6.25% senior notes due 2023, and $189.1 million of convertible notes due 2020, as described in the Stein first-day declarationDkt. 23.
The debtor entered chapter 11 with a cash-collateral-driven liquidity path rather than a new-money DIP package in the provided record. CFO Correne Loeffler said the debtors had about $585.4 million of cash on hand at filing, but less than $1 million was unencumbered, making consensual use of cash collateral central to maintaining operations, paying employees and vendors, funding working capital, administering the cases, and avoiding operational disruption that could affect joint operating agreements or oil and gas lease interests, as set out in the Loeffler cash collateral declarationDkt. 33.
The restructuring moved quickly to a plan resolution. Whiting filed an amended chapter 11 plan in early August 2020, followed by an amended plan supplement, and the court confirmed the joint chapter 11 plan of reorganization on August 14, 2020 through the confirmation orderDkt. 733. The confirmed path was a balance-sheet reorganization, not a going-concern sale process in the materials provided.
The current posture is residual post-confirmation administration. The most recent cited filing is Whiting’s post-confirmation report for the quarter ended December 31, 2025Dkt. 1497, filed April 17, 2026, but the available document text contains only headers and does not provide substantive financial data, disbursement detail, professional-fee information, or a narrative status update. No upcoming hearings or near-term milestones are identified in the supplied context.