Whiting Petroleum Corporation is engaged in oil and gas property acquisition, exploitation, exploration and production activities primarily in the Rocky Mountain, Permian Basin, Gulf Coast Michigan and Mid-Continent regions of the United States. The Company has corporate headquarters in Denver, Colorado and has field offices located in Arkansas, Colorado, Michigan, North Dakota, Oklahoma and Texas. As of December 31, 2006 the company had 359 employees, including 35 Petroleum Engineers and 27 Senior Level Geoscientists. A list of the Company's officers and directors is included on this website.

Since going public in November 2003, we have built a strong asset base and achieved steady growth through both property acquisitions and exploitation activities. We emphasize the acquisition of oil and gas properties that provide current production and significant upside potential through further development. Our drilling activity is directed at this development; specifically on projects that we believe provide repeatable successes in particular fields.

We have historically acquired operated as well as non-operated properties that meet or exceed our rate of return criteria. For acquisitions of properties with additional development, exploitation and exploration potential, our focus has been on acquiring operated properties so that we can better control the timing and implementation of capital spending. In some instances, we have been able to acquire non-operated property interests at attractive rates of return that provided a foothold in a new area of interest or complemented our existing operations. We intend to continue to acquire both operated and non-operated interests to the extent we believe they meet our return criteria. In addition, our willingness to acquire non-operated properties in new geographic regions provides us with geophysical and geologic data in some cases that leads to further acquisitions in the same region, whether on an operated or non-operated basis. We sell properties when management is of the opinion that the sale price realized will provide an above average rate of return for the property or when the property no longer matches the profile of properties we desire to own.