Whiting Petroleum Aims to Exit Chapter 11 by August

Bankrupt shale driller Whiting Petroleum Corp. says it’s on track to emerge from bankruptcy this summer after filing Chapter 11 in the wake of the oil market collapse in March.

The company will seek final approval of company disclosures at a hearing June 10 and hopes to exit Chapter 11 by mid-July or early August, Gregory F. Pesce of Kirkland & Ellis LLP, one of Whiting’s attorneys, told the U.S. Bankruptcy Court for the South District of Texas Wednesday.

A successful restructuring would be a bright spot for Whiting, which was among the first energy companies to file for bankruptcy ...