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Whiting Petroleum Corp
February 2012 Corporate Information Update
| James T. Brown | Page 3 of 11 |
February 11, 2016
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"February 2012 Corporate Information Update"
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Company Overview Drilling the Hutchins Stock Association #1096 in North Ward and Winkler Counties, Texas. (1) Assumes a $ 59.93 share price (closing price as of February 22, 2012) on 117,380,884 common shares outstanding as of December 31, 2011. (2) (3) (4) Whiting reserves at December 31, 2011 based on independent engineering. (5) R/P ratio based on year - end 2011 proved reserves and 2011 production. Market Capitalization (1 ) $7.0 B Long - Term Debt (2) $1,380 MM Shares Outstanding 117.4 MM Debt/Total Cap (3) 31.4% Proved R eserves (4) 345.2 MMBOE % Oil 86% R/P ratio (5) 13.9 years Q4 2011 Production 70.7 MBOE/d 2