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Press release from PR Newswire

Whiting Petroleum Corporation Declares Dividend on 6.25% Convertible Perpetual Preferred Stock

Monday, August 16, 2010

Whiting Petroleum Corporation Declares Dividend on 6.25% Convertible Perpetual Preferred Stock09:00 EDT Monday, August 16, 2010DENVER, Aug. 16 /PRNewswire-FirstCall/ -- Whiting Petroleum Corporation (NYSE: WLL) announced that its Board of Directors declared a dividend of $1.5625 per share on its 6.25% convertible perpetual preferred stock (NYSE:  WLL-PrA).  The dividend is payable on September 15, 2010 to holders of record on September 1, 2010.About Whiting Petroleum CorporationWhiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company's largest projects are in the Bakken and Three Forks plays in North Dakota and its Enhanced Oil Recovery fields in Oklahoma and Texas.  The Company trades publicly under the symbol WLL on the New York Stock Exchange. Although the convertible perpetual preferred stock trades publicly under the symbol WLL-PrA on the New York Stock Exchange, most stock search services use WLL-A or WLL-PA to locate the preferred stock.  For further information, please visit www.whiting.com.SOURCE Whiting Petroleum CorporationFor further information: John B. Kelso, Director of Investor Relations of Whiting Petroleum Corporation, +1-303-837-1661, john.kelso@whiting.com