Whiting Petroleum Corporation Names Charles J. Rimer Chief Operating Officer

DENVER–(BUSINESS WIRE)–Whiting Petroleum Corporation (NYSE: WLL) today announced that Charles
J. “Chip” Rimer has been named Chief Operating Officer, effective
November 15, 2018. Mr. Rimer previously served as Senior Vice President,
Global Services for Noble Energy, Inc. In his role as Chief Operating
Officer, Mr. Rimer will be responsible for Operations, Drilling,
Reservoir Engineering, Environmental Health and Safety and Land.

Whiting’s Chairman of the Board, Chief Executive Officer and President
Bradley Holly commented, “With Chip on the team, we have completed our
transition from a function based, hierarchical structure to a dynamic,
team-based organization. Our C-suite now consists of four pillars of
responsibility that will underpin Whiting’s future success:

  • A corporate leadership division that ensures Whiting has the capital,
    communications and culture to achieve its goals.
  • A financial division led by our Chief Financial Officer Mike Stevens
    that drives excellence into our organization by managing a solid
    balance sheet and enhancing our profitability.
  • A strategy and planning division led by our Chief Corporate
    Development and Strategy Officer Tim Sulser that generates strong near
    and long-term plans that enable Whiting to continue to deliver
    tangible value to shareholders.
  • An operations division, where we welcome Chip Rimer as Chief Operating
    Officer. His deep understanding of what drives excellence in the field
    will be the catalyst that moves our teams to an even higher level of
    execution.”

Mr. Rimer commented, “Whiting has a strong reputation for operational
efficiency, safety, and community and environmental stewardship. It has
assembled a premier field operations team across its assets. In
addition, it has a strong team at corporate headquarters with a
reputation for achieving the highest levels of technical competence. I
am excited to be part of the Whiting leadership team and to do my part
to ensure our people have the resources and guidance they need to
achieve industry-leading standards of operational excellence.”

About Chip Rimer

Prior to joining Whiting, Chip Rimer served as Senior Vice President,
Global Services for Noble Energy, Inc. He joined Samedan/Noble Energy
Inc. in 2002 and served in multiple roles, including Senior Vice
President of Global EHSR & Operations Services and Vice President of
Operations Services. During his tenure, he managed Noble’s world-wide
drilling and rig operations and its International West Africa,
Non-Operated and New Ventures Divisions. Chip started his career with
ARCO Oil & Gas Company in 1983 working US onshore areas and he held
senior operations engineering positions at Vastar Resources and Aspect
Resources before joining Noble Energy, Inc. Chip holds a degree in
Petroleum Engineering from the University of Texas.

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 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 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
statements.

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.

Contacts

Whiting Petroleum Corporation
Eric K. Hagen, 303-837-1661
Vice
President, Investor Relations
Eric.Hagen@whiting.com

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