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Press release from PR Newswire

Whiting Petroleum Corporation Announces Completion of Offering of Senior Subordinated Notes Due 2018

Friday, September 24, 2010

Whiting Petroleum Corporation Announces Completion of Offering of Senior Subordinated Notes Due 201816:01 EDT Friday, September 24, 2010DENVER, Sept. 24 /PRNewswire-FirstCall/ -- Whiting Petroleum Corporation (NYSE: WLL) today announced that it completed a public offering of $350 million aggregate principal amount of its 61/2% senior subordinated notes due 2018. Whiting received net proceeds of approximately $342.6 million from the offering, after deducting the underwriter discount and commissions and estimated expenses of the offering. Whiting used these net proceeds to repay a portion of the debt outstanding under its credit agreement. 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. 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