Whiting Petroleum Corporation Announces Results of Exchange Offer Relating to Outstanding, Unregistered 5.750% Senior Notes Due

  Whiting Petroleum Corporation Announces Results of Exchange Offer Relating
  to Outstanding, Unregistered 5.750% Senior Notes Due 2021

Business Wire

DENVER -- December 13, 2013

Whiting Petroleum Corporation (NYSE: WLL) today announced the results of its
offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered
5.750% Senior Notes due 2021 (CUSIP Nos. 966387AJ1 and U9650FAC1) (the
"Original Notes") issued September 26, 2013, for new, registered 5.750% Senior
Notes due 2021 (CUSIP No. 966387AH5) (the "New Notes"), which are an
additional issuance of and will be fully fungible and form a single series
voting together as one class with the $800 million aggregate principal amount
of its 5.750% Senior Notes due 2021 issued on September 12, 2013. Whiting has
been advised by The Bank of New York Mellon Trust Company, N.A., the exchange
agent for the Exchange Offer, that, as of 5:00p.m., New York City time,
December 13, 2013 (the “Expiration Date”), holders of 100% of the $400 million
aggregate principal amount of Original Notes had validly tendered pursuant to
the terms of the Exchange Offer. The settlement date for the Exchange Offer is
expected to occur on December 16, 2013.

Under the terms of the Exchange Offer, eligible holders of the Original Notes
who had validly tendered at or before the Expiration Date will receive, for
each $1,000 principal amount of the Original Notes tendered, $1,000 principal
amount of the New Notes, provided that such Original Notes tendered in the
Exchange Offer were in minimum denominations of $2,000 principal amount and
any integral multiples of $1,000 in excess thereof.

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, Michigan, Gulf Coast and Mid-Continent 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 field in Texas. The Company trades
publicly under the symbol WLL on the New York Stock Exchange. For further
information, please visit http://www.whiting.com.

Forward-Looking Statements

This news release contains statements that we believe to be "forward-looking
statements" within the meaning of section 21E of the Securities Exchange Act
of 1934. All statements other than historical facts, including, without
limitation, statements regarding our future financial position, business
strategy, projected revenues, earnings, costs, capital expenditures and debt
levels, and plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words such as we
"expect," "intend," "plan," "estimate," "anticipate," "believe" or "should" or
the negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in, or implied
by, such statements.

These risks and uncertainties include, but are not limited to: declines in
oil, NGL or natural gas prices; our level of success in exploration,
development and production activities; adverse weather conditions that may
negatively impact development or production activities; the timing of our
exploration and development expenditures; our ability to obtain sufficient
quantities of CO[2 ]necessary to carry out our enhanced oil recovery projects;
inaccuracies of our reserve estimates or our assumptions underlying them;
revisions to reserve estimates as a result of changes in commodity prices;
risks related to our level of indebtedness and periodic redeterminations of
the borrowing base under our credit agreement; our ability to generate
sufficient cash flows from operations to meet the internally funded portion of
our capital expenditures budget; our ability to obtain external capital to
finance exploration and development operations and acquisitions; federal and
state initiatives relating to the regulation of hydraulic fracturing; the
potential impact of federal debt reduction initiatives and tax reform
legislation being considered by the U.S. Federal government that could have a
negative effect on the oil and gas industry; our ability to identify and
complete acquisitions and to successfully integrate acquired businesses;
unforeseen underperformance of or liabilities associated with acquired
properties; our ability to successfully complete potential asset dispositions
and the risks related thereto; the impacts of hedging on our results of
operations; failure of our properties to yield oil or gas in commercially
viable quantities; uninsured or underinsured losses resulting from our oil and
gas operations; our inability to access oil and gas markets due to market
conditions or operational impediments; the impact and costs of compliance with
laws and regulations governing our oil and gas operations; our ability to
replace our oil and natural gas reserves; any loss of our senior management or
technical personnel; competition in the oil and gas industry in the regions in
which we operate; risks arising out of our hedging transactions; and other
risks described under the caption "Risk Factors" in our Quarterly Report on
Form 10-Q for the quarter ended September 30, 2013. We assume no obligation,
and disclaim any duty, to update the forward-looking statements in this news
release.

Contact:

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