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Whiting Petroleum Reports 3Q Progress

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October 25, 2012

Whiting Petroleum Corp.’s (NYSE: WLL) production in the third quarter of 2012 totaled 7.60 MMBOE, of which 86% were crude oil/natural gas liquids (NGLs). This third quarter 2012 production total equates to a daily average production rate of 82,615 BOE, representing a 17% increase over the third quarter 2011 average daily rate of 70,675 BOE/d.

Production in the first nine months of 2012 totaled 22.29 MMBOE or 81,360 BOE/d. This represents a 22% increase over total production of 18.28 MMBOE or 66,950 BOE/d in the first nine months of 2011. ...

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