Whiting Petroleum Corp $WLL

COMPANY SUMMARY

Whiting Petroleum Corporation is an independent oil and gas company engaged in acquisition, development, exploitation, production and exploration activities primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan and Gulf Coast regions of the United States. As of December 31, 2011, its estimated proved reserves totaled 345.2 million barrels of oil equivalent. During the year ended December 31, 2011 average daily production was 67, 900 stock tank barrel equivalent of oil per day. On March 18, 2011, the Company formed Sustainable Water Resources, LLC (SWR) with an unrelated third party to develop a water project in the state of Colorado. On July 28, 2011, it completed the acquisition of approximately 23,400 net acres and one well in the Missouri Breaks prospect in Richland County, Montana. On September 29, 2011, the Company sold its interest in several non-core oil and gas producing properties located in the Karnes, Live Oak and DeWitt counties of Texas.

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