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

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

Business Wire

DENVER -- November 15, 2012

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 December 17, 2012 to holders of record on December 1, 2012.

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.

Contact:

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