He has previously been CEO of Kodiak Oil, a major producer in North Dakota’s Bakken oilfields. In 2014, Kodiak was acquired by Whiting Petroleum.
James Catlin, Whiting’s lead director said in a statement that Holly’s work on the restructuring that will leave the company “with a stronger balance sheet and improved cost structure.”
“During this period of unprecedented volatility for the industry, Whiting set the standard for executing on a challenging business plan,” Catlin added.
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