Summary of Non-Employee Director Compensation for Whiting Petroleum Corporation

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Summary

This document outlines the compensation structure for non-employee directors of Whiting Petroleum Corporation, effective through and after February 23, 2005. It details annual retainers, restricted stock awards, committee chair and member fees, and meeting fees for board and committee service. Compensation includes both cash payments and restricted stock vesting over three years, with specific amounts for different roles and types of meetings. The summary ensures transparency regarding how non-employee directors are compensated for their service to the company.

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EX-10.5 2 sdc914f.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMP.

Exhibit 10.5

WHITING PETROLEUM CORPORATION
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION

Through February 23, 2005
Committee Service
Board
Service
Audit
Compensation
Nominating
and Governance
Annual Retainer     $ 20,000              
Restricted Stock, vesting over three years   $ 30,000              
Committee Chair       $ 12,000   $ 5,000   $ 5,000  
Committee Member       $ 2,500   $ 1,000   $ 1,000  
Meeting fee, including telephonic meetings  
   of over one hour   $ 1,500   $ 1,500   $ 1,000   $ 1,000  
Telephonic meetings of one hour or less   $ 1,500   $ 1,500   $ 1,000   $ 1,000  


Effective February 24, 2005
Committee Service
Board
Service
Audit
Compensation
Nominating
and Governance
Annual Retainer     $ 30,000              
Restricted Stock, vesting over three years    1,500  shares            
Committee Chair       $ 16,000   $ 10,000   $ 8,000  
Committee Member       $ 3,000   $ 1,500   $ 1,000  
Meeting fee, including telephonic meetings  
   of over one hour   $ 1,500   $ 1,500   $ 1,000   $ 1,000  
Telephonic meetings of one hour or less   $ 750   $ 750   $ 500   $ 500