Market Overview

Whiting Petroleum Corporation Names Tim Sulser Chief Corporate Development and Strategy Officer


Whiting Petroleum Corporation (NYSE:WLL) today announced that Tim
Sulser has been named Chief Corporate Development and Strategy Officer,
effective September 4, 2018. Mr. Sulser previously served as Chief
Executive Officer of Salt Creek Oil and Gas, LLC and Director of
Investment Banking for Tudor Pickering & Holt. In his role as Chief
Corporate Development and Strategy Officer, Mr. Sulser will be
responsible for Corporate Planning, Business Development, Acquisitions
and Divestitures, and Exploration.

Whiting's Chairman of the Board, President and Chief Executive Officer
Bradley Holly commented, "With his strong background in upstream
operations and investment banking, Tim brings an impressive skillset to
Whiting's new corporate structure. Tim will be working with the team to
ensure that Whiting is maximizing the value of its high-quality asset
base while systematically planning for the future."

Mr. Sulser commented, "Whiting controls a leading position in a premier
oil play and is generating strong growth and free cash flow. I look
forward to implementing a disciplined decision-making process that
allows Whiting to allocate capital so we can consistently create value
through the commodity cycle."

About Tim Sulser

Tim Sulser founded Salt Creek Oil and Gas, LLC with Jerry Sommer and
Earl Norris in 2015 after five years as an investment banker with Tudor,
Pickering, Holt & Co (TPH), most recently heading their Denver office.
While at TPH, Tim advised upstream clients on acquisitions and
divestitures and energy capital markets. Prior to joining TPH he worked
as a reservoir engineer for reserve engineering consultant Netherland,
Sewell, and Associates in Houston, TX. He started his career with
Marathon Oil Company in Lafayette, LA. Tim holds a B.S. in Petroleum
Engineering from Montana Tech and M.S. in Operations Research from
Columbia University.

About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation, is an independent
oil and gas company that develops, produces, acquires and explores for
crude oil, natural gas and natural gas liquids primarily in the Rocky
Mountains region of the United States. The Company's largest projects
are in the Bakken and Three Forks plays in North Dakota and Montana and
the Niobrara play in northeast Colorado. The Company trades publicly
under the symbol WLL on the New York Stock Exchange. For further
information, please visit

Forward-Looking Statements

This news release contains statements that we believe to be
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and 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

These risks and uncertainties include, but are not limited to: declines
in or extended periods of low oil, NGL or natural gas prices; our level
of success in exploration, development and production activities; risks
related to our level of indebtedness, ability to comply with debt
covenants and periodic redeterminations of the borrowing base under our
credit agreement; impacts to financial statements as a result of
impairment write-downs; our ability to successfully complete asset
dispositions and the risks related thereto; revisions to reserve
estimates as a result of changes in commodity prices, regulation and
other factors; adverse weather conditions that may negatively impact
development or production activities; the timing of our exploration and
development expenditures; inaccuracies of our reserve estimates or our
assumptions underlying them; risks relating to any unforeseen
liabilities of ours; 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; federal and state initiatives
relating to the regulation of hydraulic fracturing and air emissions;
unforeseen underperformance of or liabilities associated with acquired
properties; the impacts of hedging on our results of operations; failure
of our properties to yield oil or gas in commercially viable quantities;
availability of, and risks associated with, transport of oil and gas;
our ability to drill producing wells on undeveloped acreage prior to its
lease expiration; shortages of or delays in obtaining qualified
personnel or equipment, including drilling rigs and completion services;
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; the potential impact of changes in laws, including tax
reform, that could have a negative effect on the oil and gas industry;
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; cyber security attacks or failures of our telecommunication
systems; and other risks described under the caption "Risk Factors" in
our Annual Report on Form 10-K for the period ended December 31, 2017.
We assume no obligation, and disclaim any duty, to update the
forward-looking statements in this news release.

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