WHITING PETROLEUM CORPORATION
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
Effective February 1, 2006 | ||||||||||||||
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Committee Service | ||||||||||||||
Board Service | Audit | Compensation | Nominating and Governance | |||||||||||
Annual Retainer | $36,000 | |||||||||||||
Restricted Stock, vesting over three years | 1,800 shares | |||||||||||||
Committee Chair Annual Retainer | $20,000 | $15,000 | $15,000 | |||||||||||
Committee Chair Restricted Stock, vesting | ||||||||||||||
over three years | 1,000 | 750 | 750 | |||||||||||
Committee Member Annual Retainer | $ 5,000 | $ 3,000 | $ 3,000 | |||||||||||
Meeting fee, including telephonic meetings of | ||||||||||||||
over one hour | $ 1,500 | $ 1,500 | $ 1,500 | $ 1,500 | ||||||||||
Telephonic meetings of one hour or less | $ 750 | $ 750 | $ 750 | $ 750 |
Non-employee directors are also eligible to receive health insurance coverage from Whiting Petroleum Corporation.