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.

Effective Oct. 19, 2012, Whiting Oil and Gas entered into an amendment to its existing credit agreement that increased the company’s borrowing base under the facility from $1.5 billion to $2.5 billion.

Whiting’s net production from the Sanish field averaged 31,400 BOE/d in the third quarter of 2012. Whiting is generating excellent results from its recent Three Forks drilling operations as it moves into development mode in the central and western portions of the Sanish field. The company expects its development plans at Sanish to extend at least through 2014.