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May 7, 2008
Whiting To Acquire 115 Bcfe/Proved In UT For $365MM

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Whiting Petroleum Corp., Denver, (NYSE: WLL) plans to acquire interests in producing gas wells, development acreage and gas-gathering facilities in Flat Rock Field in Uintah County, Utah, from Chicago Energy Associates LLC for $365 million.


Estimated net production for March was 19 million cubic feet of gas equivalent per day. Whiting estimates proved reserves to be 115.2 billion cubic feet equivalent (98% gas; 22% proved developed producing; 78% proved undeveloped).

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