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Press release from Business Wire

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

Wednesday, May 15, 2013

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

16:07 EDT Wednesday, May 15, 2013

DENVER (Business Wire) -- Whiting Petroleum Corporation (NYSE: WLL) announced that its Board of Directors declared today a dividend of $1.5625 per share on its 6.25% convertible perpetual preferred stock (NYSE: WLL-PrA). The dividend is payable on June 17, 2013 to holders of record on June 1, 2012 (which results in an actual effective record date of May 31, 2013 due to the 1st day of June falling on a non-trading day).

About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain, Permian Basin, Mid-Continent, Michigan and Gulf Coast 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.

Whiting Petroleum
John B. Kelso, 303-837-1661
Director of Investor Relations
john.kelso@whiting.com

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