Document:

EX-10.6

 Exhibit 10.6 

EXECUTIVE EMPLOYMENT AND SEVERANCE AGREEMENT 

This Executive Employment and Severance Agreement (this “Agreement”) is between James Henderson (“Executive”) and Whiting
Petroleum Corporation (“Whiting” and, together with its subsidiaries, the “Company”) and is effective as of September 1, 2020 (the “Effective Date”). 

WHEREAS, the Company desires to employ Executive in a key employee capacity and expects that Executive’s services will be valuable
to the conduct of the business of the Company; 
 WHEREAS, Whiting and Executive desire to specify the terms and conditions on which
Executive will be employed on and after the Effective Date, and under which Executive will receive severance in the event that Executive separates from service with the Company under the circumstances described in this Agreement; and 

NOW, THEREFORE, for the consideration described above and other good and valuable consideration, the parties agree as follows: 

1. Effective Date; Term. This Agreement shall become effective on the Effective Date and continue until the date that is two years after the
Effective Date (the “Initial Term”). Thereafter, this Agreement shall renew automatically for successive one-year renewal periods unless and until either party provides written notice to the other
party of the intent not to renew this Agreement at least 180 days prior to the end of the Initial Term or any subsequent term. The period between the Effective Date and the Termination Date shall be referred to herein as the “Employment
Term.” Expiration of this Agreement will not affect the rights or obligations of the parties hereunder arising out of, or relating to, circumstances occurring prior to the expiration of this Agreement, which rights and obligations will survive
the expiration of this Agreement. 
 2. Definitions. For purposes of this Agreement, the following terms shall have the meanings ascribed to
them: 
 (a) “Accrued Benefits” shall mean the following amounts, payable as described herein: (i) all base salary for
the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with Executive’s employment for reasonable and necessary expenses incurred by Executive on behalf of the Company for the
time period ending with the Termination Date in accordance with company policy and (iii) all other payments and benefits to which Executive (or in the event of Executive’s death, Executive’s surviving spouse or other beneficiary) is
entitled on the Termination Date under the terms of any benefit plan of the Company, excluding severance payments under any Company severance policy, practice or agreement in effect on the Termination Date. 

(b) “Affiliate” shall mean, with respect to any person, any person that, directly or through one or more intermediaries, is
controlled by, controls or is under common control with, such Person. 
 (c) “Base Salary” shall mean Executive’s
annual base salary with the Company as in effect from time to time. 
 (d) “Board” shall mean the board of directors of
Whiting or a committee of such Board authorized to act on its behalf in certain circumstances, including the Compensation Committee of the Board. 

(e) “Cause” shall mean a good faith finding by the Board that Executive has (i) willfully failed, grossly neglected or
refused to perform the lawful employment duties related to his position or as from time to time assigned to him (other than due to Disability); (ii) committed any willful, intentional or grossly negligent misconduct having the effect of injuring the
interest, business or reputation of the Company; (iii) violated or failed to comply in any material respect with the Company’s published rules, regulations or policies, as in effect or amended from time to time; (iv) been indicted
for, convicted of, or plead guilty or nolo contendere to a felony or misdemeanor involving moral turpitude, or performed any act of fraud, material theft or material dishonesty; (v) misappropriated or embezzled any property of the Company
(whether or not an act constituting a felony or misdemeanor) or (vi) breached any material provision of this Agreement or any other applicable confidentiality, non-compete,
non-solicit, general release, covenant not-to-sue or other agreement with the Company. 

 (f) “COBRA” shall mean the provisions of Code Section 4980B.

 (g) “Code” shall mean the Internal Revenue Code of 1986, as amended, as interpreted by rules and regulations issued
pursuant thereto, all as amended and in effect from time to time. Any reference to a specific provision of the Code shall be deemed to include reference to any successor provision thereto. 

(h) “Disability” shall mean, subject to applicable law, any medically determinable physical or mental impairment that
(i) renders Executive unable to perform the duties of his position with the Company and (ii) is expected to last for a continuous period of not less than six months, all as certified by a physician reasonably acceptable to the Company or
its Successor. 
 (i) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, as interpreted by rules and
regulations issued pursuant thereto, all as amended and in effect from time to time. Any reference to a specific provision of the Exchange Act shall be deemed to include reference to any successor provision thereto. 

(j) “Good Reason” shall mean the occurrence of any of the following without the consent of Executive: (i) a material
diminution in Executive’s title, duties or responsibilities; (ii) a requirement that Executive relocate Executive’s principal place of work to a location that increases his one-way commute by
more than 40 miles from its location on the date of this Agreement; (iii) a reduction in Executive’s Base Salary or annual bonus target percentage, unless such reduction applies across the board to other senior executives; or (iv) a
material breach by Whiting of any provisions of this Agreement. Notwithstanding the foregoing, Executive will not be deemed to have Good Reason unless (x) Executive first provides Whiting with written notice of the condition giving rise to Good
Reason within 30 days of its initial occurrence and (y) Whiting fails to cure such condition within 30 days after receiving such written notice. 

(k) “Separation from Service” shall mean Executive’s termination of employment from Whiting and each entity that is
required to be included in Whiting’s controlled group of corporations within the meaning of Code Section 414(b), or that is under common control with Whiting within the meaning of Code Section 414(c) (collectively, “409A
affiliates”). Notwithstanding the foregoing: 
 (i) If Executive takes a leave of absence for purposes of military leave, sick leave or
other bona fide leave of absence, Executive will not be deemed to have incurred a Separation from Service for the first six months of the leave of absence, or if longer, for so long as Executive’s right to reemployment is provided either by
statute or by contract. 
 (ii) Subject to paragraph (i), Executive shall incur a Separation from Service when the level of bona fide
services provided by Executive to Whiting and its 409A Affiliates permanently decreases to a level of 20% or less of the level of services rendered by Executive, on average, during the immediately preceding 36 months of employment. 

(iii) If, following Executive’s termination of employment, Executive continues to provide services to the Company or a 409A Affiliate in a
capacity other than as an employee, Executive will not be deemed to have Separated from Service as long as Executive is providing bona fide services at a rate that is greater than 20% of the level of services rendered by Executive, on average,
during the immediately preceding 36 months of service. 
 (l) “Successor” shall mean the person to which this Agreement is
assigned upon a sale of business. 

  
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 (m) “Termination Date” shall mean the date of Executive’s termination
of employment from the Company, as further described in Section 4. 
 3. Employment of Executive. 

(a) Position. 
 (i)
Executive shall serve in the position of Chief Financial Officer in a full-time capacity. In such position, Executive shall have such duties and authority as is customarily associated with such position and shall have such other titles,
duties and responsibilities, consistent with Executive’s position, as may be assigned from time to time by the Board or the Chief Executive Officer, and upon request of the Board, Executive shall serve as an officer or director of any Company
affiliates. Executive will be based at the Company’s headquarters in Denver, Colorado, subject to reasonable required travel on the Company’s business. 

(ii) Executive shall devote Executive’s full business time and best efforts to the performance of Executive’s duties hereunder and
will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the rendition of such services either directly or indirectly, without the prior written consent of the Board;
provided that nothing herein shall preclude Executive, subject to the prior approval of the Board, from accepting appointment to or continuing to serve on any board of directors or trustees of any business corporation or any charitable
organization, serving on civic and charitable institutions and managing Executive’s personal financial affairs; further provided in each case, and in the aggregate, that such activities do not conflict or unreasonably interfere with the
performance of Executive’s duties hereunder or conflict with Section 7. 
 (b) Base Salary. Whiting shall pay Executive a
Base Salary in regular installments in accordance with the Company’s usual payroll practices. The Base Salary shall be an amount equal to the annual rate of $ 425,000 subject to increase, but not decrease, from time to time as determined by the
Board. 
 (c) Bonus. Executive shall be entitled to participate in the Company’s annual bonus plan with a threshold bonus of
25 % of Base Salary, target bonus of 75% of Base Salary and a maximum bonus of 150% of Base Salary based upon achievement of the performance goals under such plans. The bonus for 2020 will be pro-rated
based on a fraction equal to the number of days the Executive was employed starting on the Effective Date through December 31, 2020 divided by 365 (the “Pro Rata Amount”) and shall be no less than the target bonus multiplied by the
Pro Rata Amount. 
 (d) Equity. As soon as practicable and within 45 days after the Effective Date, the Executive will be granted
restricted stock units under the Company’s 2020 Equity Plan (the “Equity Plan”) with a grant date fair value equal to $371,875 (the “Initial Grant”). The stock price used to determine the number of shares for the Initial
Grant shall be equal to the volume weight average price for the 15 trading days commencing on the day after the Effective Date. The Executive will also be granted $1,115,625 in early 2021 (the “2021 Grant”) in conjunction with the annual
issuance of long-term incentives to other senior employees. The Initial Grant will vest ratably on the first, second and third year anniversaries of the Effective Date and fifty percent of the 2021 Grant shall vest ratably on the first, second and
third year anniversaries of the grant date and fifty percent shall vest based on the achievement of performance in each case, subject to continued employment and as further set forth in the award agreements and the Equity Plan. 

(e) Special Equity. As soon as practicable and within 45 days after the Effective Date, the Executive will be granted a special one-time equity grant of 46,300 RSUs under the Equity Plan. The award will vest as follows: 50% will vest if the daily volume weighted average price (“VWAP”) exceeds $32.57 per share for 20 consecutive
trading days, an additional 25% if the daily VWAP exceeds $48.86 per share for 20 consecutive trading days and the final 25% if the daily VWAP exceeds $65.14 per share for 20 consecutive trading days, This award will vest only if the Executive is
employed by the Company during the 20 day period when the daily VWAP equals or exceeds the targets outlined above (provided, that vesting will occur if Executive is terminated without Cause/or resigns for Good Reason within three months prior to
achieving such targets) The award will be subject to the terms and conditions of the award agreement and the Equity Plan. 

  
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 (f) Employee Benefits. Executive shall be entitled to participate in the
Company’s employee benefit plans (other than annual and/or long-term incentive programs, which are addressed in Section 3(c) and (d)) as in effect from time to time; provided that nothing contained herein shall prevent the Company
from amending, modifying, suspending or terminating any such benefit plans or arrangements at any time and from time to time in its sole discretion. 

(g) Business Expenses. The reasonable business expenses incurred by Executive in the performance of Executive’s duties hereunder
shall be reimbursed by the Company in accordance with Company policies. 
 (h) Vacation. Executive shall be entitled to four weeks of
vacation per full year. 
 4. Termination of Employment. Executive’s employment with the Company will terminate during the term of this
Agreement, and this Agreement will terminate on the date of such termination, as follows: 
 (a) Executive’s employment will terminate
upon Executive’s death. 
 (b) If Executive is Disabled, and if within 30 days after Whiting notifies Executive in writing that it
intends to terminate Executive’s employment, Executive shall not have returned to the performance of Executive’s duties hereunder on a full-time basis, Whiting may terminate Executive’s employment, effective immediately following the
end of such 30-day period. 
 (c) Whiting may terminate Executive’s employment with or without
Cause (other than as a result of Disability which is governed by Section 4(b)) by providing at least 30 days’ prior written notice (or pay in lieu thereof) to Executive that indicates in reasonable detail the facts and circumstances
alleged to provide a basis for such termination. If the termination is without Cause, Executive’s employment will terminate on the date specified in the written notice of termination. If the termination is for Cause, Executive shall have 15
days from the date the written notice is provided, to cure any conduct or act, if curable, alleged to provide grounds for termination of Executive’s employment for Cause. If the alleged conduct or act constituting Cause is not curable,
Executive’s employment will terminate on the date specified in the written notice of termination. If the alleged conduct or act constituting Cause is curable but Executive does not cure such conduct or act within the specified time period,
Executive’s employment will terminate on the date immediately following the end of the cure period. Unless otherwise directed by Whiting, from and after the date of the written notice of proposed termination, Executive shall be relieved of his
duties and responsibilities and shall be considered to be on a paid leave of absence pending any final action by Whiting or the board of directors of the Successor. 

(d) Executive may terminate his employment for or without Good Reason by providing written notice of termination to Whiting that indicates in
reasonable detail the facts and circumstances alleged to provide a basis for such termination; provided that Executive agrees to provide Whiting with at least 90 days’ written notice of his intent to voluntarily resign from employment
for any reason; further provided that Whiting may waive all or any portion of such notice period and accelerate the effective date of Executive’s voluntary resignation without
re-characterizing the nature of such termination. If Executive is alleging a termination for Good Reason, Executive must provide written notice to Whiting of the existence of the condition constituting Good
Reason within 60 days of the initial existence of such condition, and Whiting must have a period of at least 30 days following receipt of such notice to cure such condition. If such condition is not cured by Whiting within such 30-day period, Executive’s termination of employment shall be effective on the date immediately following the end of such cure period. 

  
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 (e) If the Executive provides notice of termination, Whiting may elect to place Executive on
“garden leave” for up to 90 days or such shorten period as determined by the Company during which period Executive will continue to receive all of Executive’s compensation and benefits hereunder as if an active employee but during
which period Whiting will not be obligated to assign to Executive any powers or duties or to permit Executive to provide any work for Whiting or provide Executive access to Whiting’s facilities (but Executive will be required to be available as
requested by Whiting). The implementation of any such leave shall not be regarded as a termination of employment nor will it give Executive a right to terminate employment for Good Reason. During any such period of “garden leave,”
Executive shall remain reasonably available at Whiting’s reasonable request (taking into account Executive’s other professional commitments, if any, during such period) to consult on matters related to the business of the Company or the
transition of Executive’s duties to his successor, and Executive acknowledges and agrees that during and following such period he will continue to be bound by the covenants contained in Section 7 hereof in accordance with their terms and
any other restrictive covenants or professional obligations contained herein or in any other written agreement with the Company. 
 (f) Upon
Executive’s termination of employment for any reason, whether voluntarily or involuntarily, Executive shall be deemed to have resigned from all positions, directorships and memberships held with the Company, whether as an employee, officer,
director, trustee, consultant or otherwise, and such resignations shall be effective upon such termination of employment without any other action required by Executive. Executive hereby agrees to execute all documentation reasonably requested by the
Company to effectuate the foregoing. Further, except as required by law or as otherwise set forth expressly herein, Executive’s participation in, and eligibility for participation in, the benefit plans and programs of the Company shall cease as
of the effective date of any termination of Executive’s employment with the Company. 
 5. Payments upon Termination. 

(a) Entitlement to Severance. Subject to the other terms and conditions of this Agreement, Executive shall be entitled to the Accrued
Benefits, and to the severance benefits described in Section 5(b), in the following circumstances while this Agreement is in effect: 

(i) Executive’s employment is terminated by the Company without Cause, except in the case of death or Disability; 

(ii) Executive’s employment is terminated due to the Company’s notice of non-renewal of the
Employment Term pursuant to Section 1 hereof; or 
 (iii) Executive terminates his employment with the Company for Good Reason. 

For the avoidance of doubt, if Executive dies or becomes Disabled after receiving a notice by the Company (i) that Executive is being
terminated without Cause or (ii) of non-renewal of the Employment Term, or after providing notice of termination for Good Reason, then Executive’s estate, heirs and beneficiaries, in the case of
Executive’s death, or Executive or his personal representative, in the case of Executive’s Disability, shall be entitled to the Accrued Benefits and the severance benefits described in Section 5(b) at the same time such amounts would
have been paid or benefits provided to Executive had he lived or not become Disabled. 
 (b) Severance Benefits; Timing and Form of
Payment. Subject to the limitations imposed by Section 6, if Executive is entitled to severance benefits, then: 
 (i) The Company
shall pay Executive an amount equal to the sum of Executive’s Base Salary and the annual bonus (equal to 75% of Base Salary), payable in equal installments over the 12 month period after the date of termination. 

(ii) Until the earlier of 18 months after the date of Executive’s Separation from Service or such time as Executive has obtained new
employment and is covered by benefits which in the aggregate are at least equal in value to the following benefits, Executive shall continue to be covered, at the expense of the Company, by the same or equivalent, medical, dental and vision coverage
as Executive received (immediately prior to Executive’s Separation from Service), subject to the following: 

  
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 (A) Following the end of the COBRA continuation period, if such medical or
dental coverage is provided under a health plan that is subject to Section 105(h) of the Code, benefits payable under such health plan shall comply with the requirements of Treasury regulation section
1.409A-3(i)(1)(iv) and, if necessary, the Employer shall amend such health plan to comply therewith. 

(B) If provision of any such health benefits would subject the Company or its benefits arrangements to a penalty or adverse tax
treatment, then the Company shall provide a cash payment to Executive in an amount reasonably determined by the Company to be equivalent to the COBRA premiums for similar benefit without any gross-up or make
wholes. 
 (C) During the first six months following Executive’s Separation from Service, Executive shall pay the
Company for any life insurance coverage that provides a benefit in excess of $50,000 under a group term life insurance policy. After the end of such six month period, the Company shall make a cash payment to Executive equal to the aggregate premiums
paid by Executive for such coverage, and thereafter such coverage shall be provided at the expense of the Company for the remainder of the period as set forth above. 

All payments shall be subject to payroll taxes and other withholdings in accordance with the Company’s (or the applicable employer of
record’s) standard payroll practices and applicable law. 
 (c) Severance Following a Change of Control. If Executive’s
employment is terminated by the Company without Cause, except in the case of death or Disability; or if the Company provides Executive with a notice of non-renewal of the Employment Term pursuant to
Section 1 hereof; or Executive terminates his employment with the Company for Good Reason, in each case within 3 months prior to or 12 months following a Change of Control (as defined in the Equity Plan), then, in addition to the severance
payments and benefits payable to Executive pursuant to Section 5(b), Executive will receive an additional severance payment equal to the sum of Executive’s Base Salary and the Target annual bonus (equal to 75% of Base Salary)
(collectively, the “Enhanced Severance”), payable in a lump sum on the 60th day following such termination (provided, that if the termination occurs prior to the Change of Control, then
payment shall be made on or within 60 days following the Change of Control), subject to Executive’s compliance with his post-employment obligations and conditioned on Executive’s execution of the release as set forth below. 

(d) Other Termination of Employment. If Executive’s employment terminates for any reason other than those described in
Section 5(a), Executive (or Executive’s estate in the event of his death), shall be entitled to receive only the Accrued Benefits. 

(e) Release and Post-Employment Obligations. Executive’s right to receive and retain the severance payments and benefits (and the
Enhanced Severance, if applicable) shall be conditioned upon (i) Executive’s continued compliance with the post-employment obligations set forth in Section 7 below and (ii) Executive execution and
non-revocation of a release of claims against the Company and affiliated parties in substantially the form attached as Exhibit B hereto. Such release must be executed and become effective and irrevocable
within 60 days after the Termination Date. In the event that Executive fails to timely execute the release of claims (or timely revokes his execution thereof), Executive shall repay to the Company any severance payments or benefits previously
received and the Company shall have any further obligations to Executive in respect thereof. 

  
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 6. Limitations on Severance Payments and Benefits. Notwithstanding any other provision
of this Agreement, if any portion of the severance payments and benefits (including the Enhanced Severance, if applicable) or any other payment under this Agreement, or under any other agreement with or plan of the Company (in the aggregate
“Total Payments”), would constitute an “excess parachute payment,” then the Total Payments to be made to Executive shall be reduced such that the value of the aggregate Total Payments that Executive is entitled to receive shall
be one dollar ($1) less than the maximum amount which Executive may receive without becoming subject to the tax imposed by Code Section 4999 or which the Company may pay without loss of deduction under Code Section 280G(a); provided
that the foregoing reduction in the amount of Total Payments shall not apply if the after-tax value to Executive of the Total Payments prior to reduction in accordance herewith is greater than the after-tax value to Executive if Total Payments are reduced in accordance herewith. For purposes of this Agreement, the terms “excess parachute payment” and “parachute payments” shall have the
meanings assigned to them in Code Section 280G, and such “parachute payments” shall be valued as provided therein. Present value for purposes of this Agreement shall be calculated in accordance with Code Section 1274(b)(2). 

7. Covenants by Executive. 
 (a)
Confidentiality. In consideration for Executive’s employment by the Company, Executive agrees that Executive shall, during Executive’s employment with the Company and thereafter, maintain the confidentiality of any and all
information about the Company which is not generally known or available outside the Company, including without limitation, strategic plans, technical and operating know-how, business strategy, trade secrets,
customer information, business operations and other proprietary information (“Confidential Information”), and Executive will not, directly or indirectly, disclose any Confidential Information to any person or entity, or use any
Confidential Information, whether for Executive’s own benefit, the benefit of any new employer or any other person or entity or any other purpose, in any manner. The foregoing shall not apply to information that (i) was known to the public
prior to its disclosure to Executive; (ii) becomes generally known to the public subsequent to disclosure to Executive through no wrongful act of Executive or any representative of Executive; or (iii) Executive is required to disclose by
applicable law, regulation or legal process (provided that Executive provides the Company with prior notice of the contemplated disclosure and cooperates with the Company at its expense in seeking a protective order or other appropriate protection
of such information). 
 (b) Return of Company Documents and Property. Executive shall deliver and return to the Company within
24 hours after termination of Executive’s employment with the Company for any reason (whether voluntary or involuntary), or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes, printouts,
software and other documents, materials, information, drafts and data (and copies thereof) relating to work product or the business of any member of the Company, and all computers, mobile devices and other electronic hardware or work devices that he
may then possess or have under his control. Executive will not keep in Executive’s possession, recreate or deliver to anyone else any such documents or property. Executive agrees, during the term of any restriction contained in this
Agreement, to disclose this Agreement to any Person which offers employment to Executive. Executive further agrees that the Company may send a copy of this Agreement to, or otherwise make the provisions hereof known to, any of Executive’s
potential employers. For the avoidance of doubt, upon any such termination, Executive may make and retain an electronic copy of Executive’s contacts list and calendar. 

(c) Non-Competition/Non-Solicitation. 

(i) During Executive’s employment with the Company and for a period of one year following Executive’s Termination Date if such
Termination Date occurs prior to a Change of Control or two years following Executive’s Termination Date if such Termination Date occurs after a Change of Control (each, a “Restricted Period”), Executive agrees that Executive shall
not, directly or indirectly, manage, operate, join, control, be employed by or participate in the management, operation or control of, or be connected in any manner with, including, without limitation, holding any position as a stockholder,
director, officer, consultant, independent contractor, employee, partner or investor in, any operations of a business that are in competition with the business of the Company in the material plays or fields in which the Company has or proposes to
have operations as set forth on Exhibit A to this Agreement, which Exhibit A may be modified prior to the time of Executive’s termination of employment by the Board upon written notification of such modification to Executive (the “Whiting
Plays and Fields”); provided, however, that 

  
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nothing in this Section 7(c) shall prohibit Executive from (A) participating in operations of a business to the extent such operations are not in competition with the business of the
Company in the Whiting Plays and Fields, (B) participating solely as a passive investor in oil wells or similar investments, owning 3% or less of the outstanding securities of any class of any issuer whose securities are registered under the
Exchange Act or making passive investments in any hedge, private equity or mutual fund or similar investment vehicle, or (C) serving as a director of an entity that has less than 5% of its assets located in the Whiting Fields and Plays. 

(ii) During Executive’s employment with the Company and during the applicable Restricted Period, Executive agrees not to, in any form or
manner, directly or indirectly, on his own behalf or in combination with others (A) solicit, induce or influence any customer, supplier, lender, lessor or any other person with a business relationship with the Company to discontinue or reduce
the extent of such business relationship or (B) recruit, solicit or otherwise induce or influence any employee of the Company to discontinue their employment with the Company. 

(d) Disclosure and Assignment to the Company of Inventions and Innovations. 

(i) Executive agrees to disclose and assign to the Company as the Company’s exclusive property, all inventions and technical or business
innovations, including but not limited to all patentable and copyrightable subject matter (collectively, the “Innovations”) developed, authored or conceived by Executive solely or jointly with others during the period of Executive’s
employment, including during Executive’s employment prior to the date of this Agreement, (A) that are along the lines of the business, work or investigations of the Company to which Executive’s employment relates or as to which
Executive may receive information due to Executive’s employment with the Company, (B) that result from or are suggested by any work which Executive may do for the Company or (C) that are otherwise made through the use of Company time,
facilities or materials. To the extent any of the Innovations is copyrightable, each such Innovation shall be considered a “work for hire.” 

(ii) Executive agrees to execute all necessary papers and otherwise provide proper assistance (at the Company’s expense), during and
subsequent to Executive’s employment, to enable the Company to obtain for itself or its nominees, all right, title and interest in and to patents, copyrights, trademarks or other legal protection for such Innovations in any and all countries.

 (iii) Executive agrees to make and maintain for the Company adequate and current written records of all such Innovations. 

(iv) In the event the Company is unable for any reason whatsoever to secure Executive’s signature to any lawful and necessary documents
required, including those necessary for the assignment of, application for or prosecution of any United States or foreign application for letters patent or copyright for any Innovation, Executive hereby irrevocably designates and appoints the
Company and its duly authorized officers and agents as Executive’s agent and attorney-in-fact, to act for and in Executive’s behalf and stead to execute and
file any such applications and to do all other lawfully permitted acts to further the assignment, prosecution and issuance of letters patent or registration of copyright thereon with the same legal force and effect as if executed by Executive.
Executive hereby waives and quitclaims to the Company any and all claims, of any nature whatsoever, which Executive may now have or may hereafter have for infringement of any patent or copyright resulting from any such application. 

(v) 18 U.S.C. § 1833(b) provides: “An individual shall not be held criminally or civilly liable under any Federal or State trade
secret law for the disclosure of a trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or
investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.” Nothing in this Agreement is intended to conflict with 18 U.S.C. §
1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this Agreement have the right to disclose in confidence trade secrets to federal, state, and local
government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. 

  
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The parties also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure.

 (e) Nondisparagement. Executive shall not, whether in writing (electronically or otherwise) or orally malign, denigrate or
disparage the Company or any of its respective predecessors or successors, or any of their respective current or former directors, officers, employees, shareholders, partners, members, agents or representatives, with respect to any of their
respective past or present activities, or otherwise publish, whether in writing (electronically or otherwise) or orally statements that malign, denigrate or disparage any of the aforementioned parties. The Company agrees to instruct its senior
officers and directors not to disparage the Executive. The foregoing shall not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without
limitation, depositions in connection with such proceedings), and the foregoing limitation on the Company’s executives and directors shall not be violated by statements that they in good faith believe are necessary or appropriate to make in
connection with performing their duties and obligations to the Company. 
 (f) Remedies Not Exclusive. In the event that Executive
breaches any terms of this Section 7, Executive acknowledges and agrees that said breach may result in the immediate and irreparable harm to the business and goodwill of the Company and that damages, if any, and remedies of law for such breach
may be inadequate and indeterminable. The Company, upon Executive’s breach of this Section 7, shall therefore be entitled (in addition to and without limiting any other remedies that the Company may seek under this Agreement or otherwise
at law or in equity) to seek from any court of competent jurisdiction equitable relief by way of temporary or permanent injunction and without being required to post a bond, to restrain any violation of this Section 7, and for such further
relief as the court may deem just or proper in law or equity. Executive shall reimburse the Company’s legal fees upon any breach by Executive. 

(g) Severability of Provisions. If any restriction, limitation or provision of this Section 7 is deemed to be unreasonable, onerous
or unduly restrictive by a court of competent jurisdiction, it shall not be stricken in its entirety and held totally void and unenforceable, but shall remain effective to the maximum extent possible within the bounds of the law. If any phrase,
clause or provision of this Section 7 is declared invalid or unenforceable by a court of competent jurisdiction, such phrase, clause or provision shall be deemed severed from this Section 7, but will not affect any other provision of this
Section 7, which shall otherwise remain in full force and effect. The provisions of this Section 7 are each declared to be separate and distinct covenants by Executive. 

(h) Tolling. The periods during which the covenants set forth in this Section 7 shall survive a termination of employment hereunder
shall be tolled during (and shall be deemed automatically extended by) any period during which Executive is in violation of any such post-employment covenants, to the extent permitted by law. 

8. Additional Executive Representations, Warranties and Covenants. 

(a) Authority; No Conflicts. Executive represents, warrants, and covenants that as of the date hereof, (i) Executive has the full
right, authority and capacity to enter into this Agreement and perform his obligations hereunder, (ii) Executive is not bound by any agreement that conflicts with or prevents or restricts the full performance of his duties and obligations
hereunder during or after the Term, (iii) the execution and delivery of this Agreement shall not result in any breach or violation of, or a default under, any existing obligation, commitment or agreement to which Executive is subject and
(iv) Executive has not violated, and in connection with his employment with the Company will not violate, any non-solicitation, non-competition or other similar
covenant or agreement of a prior employer by which he is or may be bound, and in connection with his employment with the Company, Executive will not use any confidential or proprietary information he may have obtained in connection with employment
with any prior employer in contravention of any confidentiality obligations that Executive has to such prior employer. 

  
 9 

 (b) Advice of Counsel. Prior to execution of this Agreement, Executive was advised by
the Company of his right to seek independent advice from an attorney of Executive’s own selection regarding this Agreement. Executive acknowledges that he has entered into this Agreement knowingly and voluntarily and with full knowledge and
understanding of the provisions of this Agreement after being given the opportunity to consult with counsel. 
 (c) No Reliance on Company
Statements. Executive represents further that in entering into this Agreement, Executive is not relying on any statements or representations made by any director, officer, employee or agent of any member of the Company that is not expressly set
forth herein, and that Executive is relying only upon his own judgment and any advice provided by his attorney. 
 9. Taxes. 

(a) Withholding. The Company may withhold from any payments of compensation or benefits made to Executive all applicable taxes,
including but not limited to income, employment and social insurance taxes, as required by law. Executive acknowledges and represents that the Company has not provided any tax advice to him in connection with this Agreement and that he has been
advised by the Company to seek tax advice from his own tax advisors regarding this Agreement and the payments that may be made to him pursuant to this Agreement, including, specifically, regarding the application of the provisions of
Section 409A of the Code. 
 (b) Section 409A of the Code. It is intended that the provisions of this
Agreement comply with or be exempt from Section 409A of the Code, and all provisions of this Agreement will be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A of the
Code. The Company cannot make any representations or guarantees with respect to compliance with such requirements, and neither the Company nor any affiliate will have any obligation to indemnify Executive or otherwise hold him harmless from any
or all of such taxes or penalties. For purposes of Section 409A of the Code, each installment payment hereunder will be deemed a “separate payment” within the meaning of Treas. Reg.
Section 1.409A-2(b)(iii). With respect to the timing of payments of any deferred compensation payable upon a termination of employment hereunder, references in this Agreement to “termination of
employment” (and substantially similar phrases) mean “separation from service” within the meaning of Section 409A of the Code. For the avoidance of doubt, it is intended that any expense reimbursement made to Executive
hereunder is exempt from Section 409A of the Code; however, if any expense reimbursement hereunder is determined to be deferred compensation within the meaning of Section 409A of the Code, then (i) the amount of the expense
reimbursement during one taxable year will not affect the amount of the expense reimbursement during any other taxable year, (ii) the expense reimbursement will be made on or before the last day of the year following the year in which the
expense was incurred and (iii) the right to expense reimbursement hereunder will not be subject to liquidation or exchange for another benefit. Notwithstanding any provision to the contrary in this Agreement: (i) no amount shall be payable
pursuant to Section 5 unless the termination of the Executive’s employment constitutes a “separation from service” within the meaning of Section 1.409A-1(h) of the Department of
Treasury Regulations; (ii) if the Executive is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent that delayed commencement of any
portion of the termination benefits to which the Executive is entitled under this Agreement (after taking into account all exclusions applicable to such termination benefits under Section 409A), including, without limitation, any portion of the
additional compensation awarded pursuant to Section 5, is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of the Executive’s termination benefits shall not be provided to
the Executive prior to the earlier of (A) the expiration of the six-month period measured from the date of the Executive’s “separation from service” with the Company (as such term is
defined in the Department of Treasury Regulations issued under Section 409A) and (B) the date of the Executive’s death; provided that upon the earlier of such dates, all payments deferred pursuant to this Section 9(b)
shall be paid to the Executive in a lump sum, and any remaining payments due under this Agreement shall be paid as otherwise provided herein; (iii) the determination of whether the Executive is a “specified employee” for purposes of
Section 409A(a)(2)(B)(i) of the Code as of the time of his separation from service shall be made by the Company in accordance with the terms of Section 409A and applicable guidance thereunder (including, without limitation, Section 1.409A-1(i) of the Department of Treasury Regulations and any successor provision thereto. 

  
 10 

 10. Future Cooperation. Executive agrees to reasonably cooperate with Whiting Petroleum in the
future and to provide to Whiting truthful information, testimony or affidavits requested in connection with any matter that arose during Executive’s employment. This cooperation may be performed at reasonable times and places and in a manner as
to not interfere with any other employment or business activities that Executive may have at the time of request. Whiting agrees to reimburse Executive for expenses incurred in providing such cooperation, so long as such expenses are approved in
advance by Whiting. 
 11. Permissible Disclosure. Notwithstanding anything to the contrary contained herein, nothing in this Agreement shall
prohibit the Executive from reporting possible violations of federal law or regulation to or otherwise cooperating with or providing information requested by any governmental agency or entity, including, but not limited to, the Department of
Justice, the Securities and Exchange Commission, the Congress and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. The Executive does not need the prior
authorization of the Company to make any such reports or disclosures and the Executive is not required to notify the Company that the Executive has made such reports or disclosures. 

12. Notice. Any notice, request, demand or other communication required or permitted herein will be deemed to be properly given when personally
served in writing or when deposited in the United States mail, postage prepaid, addressed to Executive at the address appearing at the end of this Agreement and to the Company with attention to the General Counsel of Whiting. Either party may change
its address by written notice in accordance with this paragraph. 
 13. Set Off. The Company’s obligation to pay Executive the amounts and
to provide the benefits hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company. 

14. Assignment; Benefit of Agreement. This Agreement is personal and shall not be assignable by Executive. It shall be binding upon and shall
inure to the benefit of the members of the Company and its respective successors and assigns and its economic rights and benefits shall inure to the benefit of Executive and his heirs or duly constituted legal representatives. For the avoidance of
doubt, the Company may assign its rights, obligations and interests hereunder to any other member of the Company or its affiliates or to the acquirer of the business or all or substantially all of the assets of the Company, whether by merger, stock
sale, asset sale or otherwise, in either case, without Executive’s consent. 
 15. Arbitration. Any controversy or claim arising out of or
relating to this Agreement or the breach of this Agreement that cannot be mutually resolved by Executive and the Company, shall be submitted to arbitration in Colorado in accordance with the procedures of the American Arbitration Association. The
determination of the arbitrator shall be conclusive and binding on the Company and Executive, and judgment may be entered on the arbitrator’s award in any court having jurisdiction. 

16. Applicable Law and Jurisdiction. This Agreement is to be governed by and construed under the laws of the United States and of the State of
Colorado without resort to Colorado’s choice of law rules. Each party hereby agrees that the forum and venue for any legal or equitable action or proceeding arising out of, or in connection with, this Agreement will lie in the appropriate
federal or state courts in the State of Colorado and specifically waives any and all objections to such jurisdiction and venue. 
 17.
Drafting. The parties acknowledge and confirm that each of their respective attorneys has participated jointly in the review and revision of this Agreement and that it has not been written solely by counsel for one party. The parties
therefore stipulate and agree that the rule of construction to the effect that any ambiguities are to be or may be resolved against the drafting party shall not be employed in the interpretation of this Agreement to favor any party against another.

 18. Captions and Paragraph Headings. The captions and paragraph headings set forth under each of the sections and subsections of this
Agreement are for convenience of reference and shall not be construed or interpreted to define, limit, abridge or assist in the interpretation or scope or intent of this Agreement, which must be read in its entirety. 

  
 11 

 19. Invalid Provisions. Subject to Section 7(g), should any provision of this Agreement
for any reason be declared invalid, void or unenforceable by a court of competent jurisdiction, the validity and binding effect of any remaining portion will not be affected, and the remaining portions of this Agreement will remain in full force and
effect as if this Agreement had been executed with said provision eliminated. 
 20. No Waiver. The failure of a party to insist upon strict
adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

21. Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the subject matter of this Agreement except
where other agreements are specifically noted, adopted or incorporated by reference. This Agreement otherwise supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive
by Company, and all such agreements shall be void and of no effect. Each party to this Agreement acknowledges that no representations, inducements, promises or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of
any party, which are not embodied herein, and that no other agreement, statement or promise not contained in this Agreement will be valid or binding. 
 22.
Modification. This Agreement may not be modified or amended by oral agreement, but only by an agreement in writing signed by Whiting and Executive. 

23. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have executed, or caused to be executed, this
Agreement on the Effective Date. 
  

	
	 EXECUTIVE: JAMES HENDERSON

	
	 /s/ James P. Henderson

Signature

	
	 WHITING PETROLEUM
CORPORATION

  

			
	 By:
	 	 /s/ Kevin S. McCarthy

	
	 Chairman of the Board

	 Title

 EXHIBIT A 

WHITING PLAYS AND FIELDS 
 Bakken Play in
Mountrail, McKenzie, Stark, Dunn, Golden Valley, Billings, Williams, Divide and McClean Counties, North Dakota and Richland and Roosevelt Counties, Montana. 

Niobrara Play in Weld County, Colorado. 

 EXHIBIT B 

FORM OF GENERAL RELEASE 

This Separation Agreement and General Release (“Agreement”) is between Whiting Petroleum Corporation, which in this Agreement is
referred to as the “Whiting” or the “Company” or the Employer, and James Henderson, who is referred to as Executive. 
 1.
Background. Whiting and Executive acknowledge that Executive’s employment with Whiting is ending (or has ended), effective [Date]. Both Executive and Whiting desire an amicable separation and to fully and finally compromise and
settle any differences that may exist between them on the terms set forth in this Agreement. 
 2. Employment Termination. Executive
understands that his employment with Whiting is considered ended and his separation from service was effective [Date] (the “Separation Date”), based on reasons discussed between Executive and Whiting. Whiting and Executive are subject to
an Executive Employment and Severance Agreement dated [Date] (“Employment Agreement”) that provides for Executive’s receipt of certain separation benefits if he executes an agreement with a general release of all claims that is
acceptable to Whiting : this is that agreement. 
 3. Severance Pay and Benefits. In return for the execution of this Agreement, it becoming
effective (see paragraph 18) and Executive honoring (and continuing to honor) all of its terms, Whiting will provide Executive with the severance pay and benefits in accordance with Section 5(b) [and 5(c)] of the Employment Agreement.

 4. Acknowledgement. Executive understands that the severance pay and benefits identified in paragraph 3 above will not be paid or provided
unless he accepts this Agreement, it becomes effective (see paragraph 18), and he honors (and continues to honor) all of its terms. 
 5.
Release. Executive understands and agrees that his acceptance of this Agreement means that, except as stated in paragraph 7, he is forever waiving and giving up any and all claims he may have, whether known or unknown,
against Whiting, its parent, subsidiaries, and related companies, their insurers, their officers, directors, employees and agents for any personal monetary relief for himself, benefits or remedies that are based on any act or failure to act
that occurred on or before the date he signed this Agreement. Executive understands that this release and waiver of claims includes claims for or relating to: (a) his employment and the termination of his employment; (b) any Whiting
policy, practice, contract or agreement, including, but not limited, to the Employment Agreement; (c) any tort or personal injury relating to Executive’s employment or termination of employment; (d) any policies, practices, laws or
agreements governing the payment of wages, commissions or other compensation, including, but not limited, to the Colorado Wage Act, the Colorado Minimum Wage Order No. 30 and all terms for compensation under the Employment Agreement;
(e) any laws governing employment discrimination or retaliation including (to the extent applicable), but not limited to, Title VII of the Civil Rights Act, the Employee Retirement Income Security Act, the Americans with Disabilities Act, the
Age Discrimination in Employment Act (ADEA), the Older Worker Benefit Protection Act, the Genetic Information Nondiscrimination Act, the Family and Medical Leave Act, the National Labor Relations Act (NLRA), the Colorado Anti-Discrimination Act,
C.R.S. 24-34-401 et seq., the City and County of Denver’s Anti-Discrimination Ordinance and any other applicable state or local laws; (f) any laws or
agreements that provide for punitive, exemplary or statutory damages and (g) any laws or agreements that provide for the payment of attorney fees, costs or expenses. 

6. Future Employment. Executive agrees that he is not now or hereafter entitled to employment or reemployment with Whiting and he agrees not to
knowingly seek such employment on any basis or through an employment agency. Executive further agrees and acknowledges that should he apply for any position in contradiction of this paragraph, Whiting may completely ignore such application and fail
to consider it based on this paragraph. 

 7. Claims Not Waived. Executive understands that this Agreement does not waive any
claims that he may have: (a) for compensation for illness or injury or medical expenses under any worker’s compensation statute; (b) for benefits under any plan currently maintained by Whiting that provides for retirement benefits
(however, Executive agrees and acknowledges that the severance pay and benefits provided in paragraph 3 above shall not be considered or included for purposes of any retirement benefit contribution or plan) under this Agreement; (c) under this
Agreement; (d) for indemnification as provided by the Company’s organizational documents, or claims under the Company’s D&O insurance coverage, or (e) that by law cannot be released or waived. 

8. Government Cooperation. Nothing in this Agreement prohibits Executive from cooperating with any government agency, including the
National Labor Relations Board or the Equal Employment Opportunity Commission, or any similar state agency. Further, Executive understands that nothing in this Agreement (including any obligation in Paragraphs 5 or 9) prohibit him from reporting a
possible violation of federal, state or local law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the United States Congress or any agency (including
but not limited to the National Labor Relations Board or the Equal Employment Opportunity Commission) or inspector general, or making other disclosures that are protected under any whistleblower provision of federal, state or local law or
regulation. 
 9. Prior Confidentiality Agreement(s). Executive agrees and understands that this Agreement does not supersede any obligation to
which he was subject under a prior agreement while employed with Whiting that addresses confidentiality, noncompetition, patents or copyright. Executive acknowledges that and continues to be, subject to those obligations contained in the Employment
Agreement, and that he is expressly re-affirming his commitment to those obligations by executing this Agreement, and acknowledging that his failure to abide by such obligations will constitute a material
breach of this Agreement. Executive acknowledges and agrees that he is subject to the restrictive covenants and other obligations as set forth in the Employment Agreement. 

9. Trade Secrets/Defend Trade Secrets Act. Nothing in this Agreement (or any prior agreement on confidentiality to which Executive may be
subject) diminishes or limits any protection granted by law to trade secrets or relieves Executive of any duty not to disclose, use or misappropriate any information that is a trade secret, for as long as such information remains a trade secret.
Additionally, nothing in this Agreement (or any prior agreement on confidentiality to which Executive may be subject) is intended to discourage Executive from reporting any theft of trade secrets to the appropriate government official pursuant to
the Defend Trade Secrets Act of 2016 (“DTSA”) or other applicable state or federal law. Additionally, under the DTSA, a trade secret may be disclosed to report a suspected violation of law and/or in an anti-retaliation lawsuit, as follows:

 a. An individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that: (A) is made (1) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law or
(B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 
 b. An
individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual:
(A) files any document containing the trade secret under seal and (B) does not disclose the trade secret, except pursuant to court order. Nothing in this Agreement (or any prior agreement on confidentiality to which Executive may be
subject) shall limit, curtail or diminish the Whiting’s statutory rights under the DTSA, any applicable state law regarding trade secrets or common law. 

10. Relinquishment Of Positions. As of the Separation Date, Executive acknowledges that he has fully and completely relinquished any and all
officerships, directorships or other positions that he held with Whiting and any of its affiliates. 

 11. Nonadmission. Executive and Whiting both acknowledge and agree that nothing in this
Agreement is meant to suggest that Whiting has violated any law or contract or that Executive has any claim against Whiting. 
 12. Voluntary
Agreement. Executive acknowledges and states that he has entered into this Agreement knowingly and voluntarily. 
 13. Consulting An
Attorney. Executive acknowledges that Whiting has told him that he should consult an attorney of his own choice about this Agreement and every matter that it covers before signing this Agreement, and that he has been provided an meaningful
opportunity for such consultation. 
 14. Obligation to Repay Upon Violation of Release. Executive understands and agrees that if he is found
by a court of competent jurisdiction to have materially violated the commitments he has made in Section 5 of this Agreement, Whiting may recover any payments and/or the value of any benefits provided in this Agreement, with the exception of
One Thousand Dollars ($1,000). 
 15. Complete Agreement. Executive understands and agrees that this document contains the entire agreement
between him and Whiting relating to his employment and the termination of his employment, that this Agreement, except as provided in paragraph 9, supersedes and displaces any prior agreements and discussions relating to such matters and that he may
not rely on any such prior agreements or discussions. 
 16. Effective Date. This Agreement shall not be effective until seven days after
Executive signs it and returns it to Whiting’s Vice President, General Counsel and Corporate Secretary. During that seven-day period, Executive may revoke his acceptance of this Agreement by delivering to
Whiting’s Vice President, General Counsel and Corporate Secretary a written statement stating he wishes to revoke this Agreement or not be bound by it. 

17. Final and Binding Effect. Executive understands that if he signs this Agreement, returns it to Whiting and fails to revoke it consistent with
this paragraph 18, it will have a final and binding effect and that by signing and returning this Agreement (and not revoking it) he may be giving up legal rights. Executive also acknowledges that this Agreement may be signed in counter-parts
(meaning by him and Whiting separately) and that facsimile, copy or PDF copy signatures shall be treated as valid as original signatures. 
 18.
Exclusive Jurisdiction and Venue. This Agreement is to be governed by and construed under the laws of the United States and of the State of Colorado without resort to Colorado’s choice of law rules. Whiting and Executive agree
that the forum and venue for any legal or equitable action or proceeding arising out of, or in connection with, this Agreement will lie in the appropriate federal or state courts in the State of Colorado and each specifically waives any and all
objections to such jurisdiction and venue. 
 19. Future Cooperation. Executive agrees to reasonably cooperate with Whiting in the future and
to provide to Whiting truthful information, testimony or affidavits requested in connection with any matter that arose during Executive’s employment. This cooperation may be performed at reasonable times and places and in a manner as to not
interfere with any other employment or business activities that Executive may have at the time of request. Whiting agrees to reimburse Executive for expenses incurred in providing such cooperation, so long as such expenses are approved in advance by
Whiting, including, if applicable, any legal fees and expenses reasonably incurred by Executive if Executive and Whiting agree in good faith that Executive should retain counsel independent of the counsel for Whiting in order to cooperate as
provided herein above. 
 20. Return of Property. Executive acknowledges an obligation and agrees to return all Whiting property, unless
otherwise specified in this paragraph. This includes all files, memoranda, documents, records, credit cards, keys and key cards, computers, laptops, personal digital assistants, cellular telephones, Blackberry devices or similar instruments, other
equipment of any sort, badges, vehicles and any other property of Whiting. In addition, Executive agrees to provide any and all access codes or 

 
passwords necessary to gain access to any computer, program or other equipment that belongs to Whiting or is maintained by Whiting or on company property. Further, Executive acknowledges an
obligation and agrees not to destroy, delete or disable any company property, including items, files and materials on computers and laptops. 
 21.
Divisibility of Agreement or Modification by Court. Executive understands that, to the extent permitted by law, the invalidity of any provision of this Agreement will not and shall not be deemed to affect the validity of any other
provision. Executive agrees that in the event that any provision of this Agreement is held to be invalid, it shall be, to the extent permitted by law, modified as necessary to be interpreted in a manner most consistent with the present terms of the
provision, to give effect to the provision. Finally, in the event that any provision of this Agreement is held to be invalid and not capable of modification by a court, then Executive understands and agrees that such provision shall be considered
expunged (eliminated), and he further agrees that the remaining provisions shall be treated as in full force and effect as if this Agreement had been executed by Executive after the expungement (elimination) of the invalid provision. 

22. Representations. By signing this Agreement, Executive represents that he has read this entire document and understands all of its terms. 

23. 21-Day Consideration Period. Executive may consider whether to sign and accept this Agreement for a
period of 21 days from the day he received it. If this Agreement is not signed, dated and returned to Whiting’s Vice President, General Counsel and Corporate Secretary within 22 days, the offer of severance payments and benefits described in
paragraph 3 above will no longer be available. Executive acknowledges that should he sign and return this Agreement within the 21-day period identified in this paragraph, he is knowingly waiving whatever
additional time he may have up to the conclusion of the 21-day period for consideration of this Agreement. 
  

							
			
	ACCEPTED:	 		  	         ACCEPTED:
			
	EXECUTIVE: JAMES HENDERSON	 		  	          WHITING PETROLEUM
CORPORATION

							
				
	 	 	         
	  	By:	  	 
				
	 Dated:
	 		  	Dated:	  	
				
	 Date Agreement was originally given to
	 		  		  	
	 Executive:EX-10.7

 Exhibit 10.7 

AMENDMENT TO EMPLOYMENT AGREEMENT 
 This
Amendment to the Employment Agreement (“Agreement”) is between Whiting Petroleum Corporation, which in this Agreement is referred to as “Whiting Petroleum” and Correne S. Loeffler, who is referred to as “Loeffler”,
and amends the Executive Employment and Severance Agreement effective August 1, 2019 (“Employment Agreement”) in all respects. 
  

	 	1.	 Background. Whiting Petroleum and Loeffler acknowledge that Loeffler’s employment with
Whiting Petroleum is ending effective on the Effective Date (as defined in Joint Chapter 11 Plan of Reorganization of Whiting Petroleum Corporation and Its Debtor Affiliates [Dkt. No. 711] (as amended, modified, or supplemented from time
to time, the “Joint Plan”)) (such date referred to herein as the “Separation Date”). Both Loeffler and Whiting Petroleum desire an amicable separation and to fully and finally settle any obligations that may exist
between them on the terms set forth in this Agreement. In addition, Whiting Petroleum and Loeffler desire that Loeffler continue to provide services (the “Transition Services”) to Whiting Petroleum as a special advisor during a
three-month transition period (the “Transition Period”) following the Separation Date as set forth on Exhibit A. During the Transition Period, Loeffler shall reasonably cooperate and reasonably assist in the smooth transition of her
duties and responsibilities to the new chief financial officer of Whiting Petroleum (the “New CFO”) as reasonably requested by the New CFO and the board of directors of Whiting Petroleum (the “Board”) and Loeffler
shall use her reasonable best efforts to faithfully and diligently perform such services hereunder, provided that Loeffler shall not be obligated to expend any funds in connection with such services unless reimbursed by Whiting Petroleum.
Loeffler’s services to Whiting Petroleum during the Transition Period will be at the level set forth on Exhibit A. 

  

	 	2.	 Employment Termination. Loeffler understands that her employment with Whiting Petroleum is ended
and her separation from service will be effective as of the Separation Date, based on reasons discussed between Loeffler and Whiting Petroleum. The Employment Agreement provides for Loeffler’s receipt of certain separation benefits if she
executes this Agreement containing a general release of all claims that is acceptable to Whiting Petroleum. 

  

	 	3.	 Severance Pay and Benefits. In return for the execution of this Agreement, it becoming effective
(see paragraph 18), and Loeffler honoring (and continuing to honor) all of its terms, Whiting Petroleum will provide Loeffler with the severance pay and benefits in accordance with Section 5.c. of the Employment Agreement. Additionally,
Whiting Petroleum will provide Loeffler with accrued benefits consisting of (i) all base salary earned but not paid for the time period ending with the Effective Date, (ii) reimbursement for any and all monies advanced in connection with
Loeffler’s employment for reasonable and necessary expenses incurred by Loeffler on behalf of the Whiting Petroleum for the time period ending with the Effective Date in accordance with Witing Petroleum’s policies and (iii) any
benefits to which Loeffler is entitled on the Effective Date under the terms of any 401(k) plan of Whiting Petroleum. For the avoidance of doubt, Loeffler understands and agrees that her acceptance of this Agreement mean that Loeffler will not,
under any circumstances, (i) be paid or become entitled to the severance pay and benefits provided under Section 5.d. of the Employment Agreement or any other payment or benefits in connection with a Change of Control (as defined in the
Employment Agreement) or (ii) be entitled to any equity or equity-based compensation (or acceleration thereof) in connection with her separation from service or Whiting Petroleum’s restructuring and/or anticipated emergence from chapter 11
pursuant to the Joint Plan (the “Emergence”). 

  

	 	a.	 For the further avoidance of doubt, Loeffler understands that the severance pay and benefits under
Section 5.c. of the Employment Agreement includes only the following: (i) a lump sum payment equal to the sum of Loeffler’s base salary at the rate in effect as of immediately prior to the Separation Date and Loeffler’s 2020
target annual bonus, payable on the first day of the seventh month following the month in which the Separation Date occurs (equal to $880,000), (ii) at the expense of Whiting Petroleum and subject to

	 	
Loeffler’s timely election under COBRA, continued coverage of the same or equivalent life insurance, hospitalization, medical, dental, and vision coverage as provided to Loeffler immediately
prior to the Separation Date until the earlier of 18 months after the Separation Date or such time Loeffler has obtained new employment (the “Benefits Continuation Period”) and (iii) beginning after the expiration of the six-month period following the Separation Date, an amount equal to the aggregate amount of any premiums paid by Loeffler to maintain a group term life insurance policy providing a benefit in excess of $50,000 during
the six-month period following the Separation Date and continuation of coverage of any such policy, at the expense of Whiting Petroleum, for the duration of the Benefits Continuation Period. Loeffler expressly
acknowledges and agrees that she is not entitled to any bonus payment for 2020 or otherwise. 

  

	 	4.	 Acknowledgement. Loeffler understands that the severance pay and benefits identified in paragraph
3 above will not be paid or provided unless she accepts this Agreement, it becomes effective (see paragraph 18), and she honors (and continues to honor) all of its terms, and the continuing obligations set forth in the Employment Agreement,
including without limitation, the restrictive covenants set forth in Section 7 of the Employment Agreement (Confidentiality; Non-Competition/Non-Solicitation; and
Disclosure and Assignment to the Company of Inventions and Innovations) and the Transition Services. Loeffler further understands and agrees that her breach of any of her continuing obligations, including without limitation, those described herein,
shall result in (a) the cessation of any of the payments and benefits that may be provided pursuant to Section 3 of this Agreement and (b) Loeffler’s being required to repay the value of any severance payments and benefits to
Whiting Petroleum upon ten days’ written request; provided, however, that nothing in this Agreement shall require Loeffler to repay that certain prepaid variable compensation program award in the amount of $2,200,000 (or any portion thereof)
that was paid to her prior to the Separation Date pursuant to the Executive Retention Bonus Agreement dated March 30, 2020 and notwithstanding anything in the Executive Retention Bonus Agreement, Loeffler shall be entitled to the payments set
forth in 3(a) above subject to the terms and conditions of this Agreement. 

  

	 	5.	 Release. Loeffler understands and agrees that her acceptance of this Agreement means that, except
as stated in paragraph 7, she is forever waiving and giving up any and all claims she may have, whether known or unknown, against Whiting Petroleum, its parent, subsidiaries, and related companies, their insurers, their officers,
directors, employees and agents and the Ad Hoc Committee of Noteholders (as defined in the Joint Plan) for any personal monetary relief for herself, benefits or remedies that are based on any act or failure to act that occurred before she
signed this Agreement. Loeffler understands that this release and waiver of claims includes claims for or relating to: (a) her employment and the termination of her employment; (b) any Whiting Petroleum policy, practice, contract or
agreement, including, but not limited, to the Employment Agreement; (c) the Emergence, (d) any tort or personal injury relating to Loeffler’s employment or termination of employment; (e) any policies, practices, laws or
agreements governing the payment of wages, commissions or other compensation, including, but not limited, to the Colorado Wage Act, the Colorado Minimum Wage Order No. 30, and all terms for compensation under the Employment Agreement;
(f) any laws governing employment discrimination or retaliation including (to the extent applicable), but not limited to, Title VII of the Civil Rights Act, the Employee Retirement Income Security Act, the Americans with Disabilities Act, the
Age Discrimination in Employment Act (ADEA), the Older Worker Benefit Protection Act, the Genetic Information Nondiscrimination Act, the Family and Medical Leave Act, the National Labor Relations Act (NLRA), the Colorado Anti-Discrimination Act,
C.R.S. 24-34-401 et seq., the City and County of Denver’s Anti-Discrimination Ordinance, and any other applicable state or local laws; (g) any laws or
agreements that provide for punitive, exemplary or statutory damages; and (h) any laws or agreements that provide for the payment of attorney fees, costs or expenses. 

 

	 	6.	 Future Employment. Loeffler agrees that she is not now or hereafter entitled to employment or
reemployment with Whiting Petroleum. 

	 	7.	 Claims Not Waived. Loeffler understands that this Agreement does not waive any claims that
she may have: (a) for compensation for illness or injury or medical expenses under any worker’s compensation statute; (b) for benefits under any plan currently maintained by Whiting Petroleum that provides for retirement benefits
(however, Loeffler agrees and acknowledges that the severance pay and benefits provided in paragraph 3 above shall not be considered or included for purposes of any retirement benefit contribution or plan); (c) under any law or any policy or
plan currently maintained by Whiting Petroleum that provides health insurance continuation or conversion rights; (d) to indemnity, defense or insurance coverage for acts undertaken by her within the scope and course of her employment pursuant
to applicable directors and officers insurance coverage, laws requiring indemnification for such acts, or the bylaws of the Company that require such indemnification; (e) under this Agreement; or (f) that by law cannot be released or
waived. 

  

	 	8.	 Government Cooperation. Nothing in this Agreement prohibits Loeffler from cooperating with
any government agency, including the National Labor Relations Board or the Equal Employment Opportunity Commission, or any similar State agency. Further, Loeffler understands that nothing in this Agreement (including any obligation in Paragraphs 5
or 9) prohibit her from reporting a possible violation of federal, state, or local law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress,
or any agency (including but not limited to the National Labor Relations Board or the Equal Employment Opportunity Commission) or Inspector General, or making other disclosures that are protected under any whistleblower provision of federal, state,
or local law or regulation. 

  

	 	9.	 Prior Confidentiality Agreement(s). Loeffler agrees and understands that this Agreement does not
supersede any obligation to which she was subject under a prior agreement while employed with Whiting Petroleum that addresses confidentiality, noncompetition, patents or copyright. Loeffler acknowledges that she was, and continues to be, subject to
those obligations contained in Section 7, and all subsections to Section 7, of the Employment Agreement, and that she is expressly re-affirming her commitment to those obligations by executing this Agreement, and acknowledging that her
failure to abide by such obligations will constitute a material breach of this Agreement. 

  

	 	10.	 Trade Secrets/Defend Trade Secrets Act. Nothing in this Agreement (or any prior agreement on
confidentiality to which Loeffler may be subject) diminishes or limits any protection granted by law to trade secrets or relieves Loeffler of any duty not to disclose, use, or misappropriate any information that is a trade secret, for as long as
such information remains a trade secret. Additionally, nothing in this Agreement (or any prior agreement on confidentiality to which Loeffler may be subject) is intended to discourage Loeffler from reporting any theft of trade secrets to the
appropriate government official pursuant to the Defend Trade Secrets Act of 2016 (“DTSA”) or other applicable state or federal law. Additionally, under the DTSA, a trade secret may be disclosed to report a suspected violation of law
and/or in an anti-retaliation lawsuit, as follows: 

  

	 	a.	 An individual shall not be held criminally or civilly liable under any Federal or State trade
secret law for the disclosure of a trade secret that: (A) is made (1) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (2) solely for the purpose of reporting or
investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

 

	 	b.	 An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may
disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual: (A) files any document containing the trade secret under seal; and (B) does not disclose the trade
secret, except pursuant to court order. Nothing in this Agreement (or any prior agreement on confidentiality to which Loeffler may be subject) shall limit, curtail or diminish the Whiting Petroleum’s statutory rights under the DTSA, any
applicable state law regarding trade secrets or common law. 

	 	11.	 Relinquishment Of Positions. As of the Separation Date, Loeffler acknowledges that she has fully
and completely relinquished any and all officerships, directorships or other positions that she held with Whiting Petroleum and any of its affiliates, including without limitation, Loeffler’s position as chief financial officer of Whiting
Petroleum and any other positions (including, without limitation, as director, officer, manager, member or otherwise) with Whiting Petroleum and any of Whiting Petroleum’s subsidiaries, affiliates, joint ventures and other related entities.
Loeffler agrees to execute any documents reasonably required to effectuate the foregoing. 

  

	 	12.	 Nonadmission. Loeffler and Whiting Petroleum both acknowledge and agree that nothing in this
Agreement is meant to suggest that Whiting Petroleum has violated any law or contract or that Loeffler has any claim against Whiting Petroleum. 

  

	 	13.	 Voluntary Agreement. Loeffler acknowledges and states that she has entered into this Agreement
knowingly and voluntarily. 

  

	 	14.	 Consulting An Attorney. Loeffler acknowledges that Whiting Petroleum has told her that she should
consult an attorney of her own choice about this Agreement and every matter that it covers before signing this Agreement, and that she has been provided an meaningful opportunity for such consultation. 

 

	 	15.	 Attorney Fees and Costs. 

 

	 	a.	 Loeffler understands and agrees that if she violates the commitments she has made in this Agreement, Whiting
Petroleum may seek to recover any payments and/or the value of any benefits provided in this Agreement, with the exception of One Thousand Dollars ($1,000), and that, except as provided in paragraph 16, she will be responsible for paying the
actual attorney fees and costs incurred by Whiting Petroleum in enforcing this Agreement or in defending a claim released by paragraph 5. 

  

	 	b.	 Whiting Petroleum shall reimburse Loeffler in an amount up to Seven Thousand Dollars ($7,000) of
reasonable and documented attorneys’ fees and expenses incurred by Loeffler in connection with the negotiation of this Agreement with such reimbursement to be made within sixty days after the Separation Agreement. 

 

	 	16.	 Exception to Attorney Fees Obligation. The obligation to pay Whiting Petroleum’s attorney
fees and costs does not apply to an action by Loeffler regarding the validity of this Agreement under the ADEA. 

  

	 	17.	 Complete Agreement. Loeffler understands and agrees that this document contains the entire
agreement between her and Whiting Petroleum relating to her employment and the termination of her employment, that this Agreement, except as provided in paragraph 9, supersedes and displaces any prior agreements and discussions relating to such
matters and that she may not rely on any such prior agreements or discussions. 

  

	 	18.	 Effective Date. This Agreement shall not be effective until seven (7) days after Loeffler
signs it and returns it to Whiting Petroleum’s Chief Administrative Officer, General Counsel and Secretary. During that seven (7)-day period, Loeffler may revoke her acceptance of this Agreement by
delivering to Whiting Petroleum’s Chief Administrative Officer, General Counsel and Secretary a written statement stating she wishes to revoke this Agreement or not be bound by it. 

 

	 	19.	 Final and Binding Effect. Loeffler understands that if she signs this Agreement, returns it to
Whiting Petroleum, and fails to revoke it consistent with paragraph 18, it will have a final and binding effect and that by signing and returning this Agreement (and not revoking it) she may be giving up legal rights. Loeffler also acknowledges that
this Agreement may be signed in counter-parts (meaning by her and Whiting Petroleum separately) and that facsimile, copy or PDF copy signatures shall be treated as just as valid as original signatures. 

	 	20.	 Exclusive Jurisdiction and Venue. This Agreement is to be governed by and construed under the
laws of the United States and of the State of Colorado without resort to Colorado’s choice of law rules. Whiting Petroleum and Loeffler agree that the forum and venue for any legal or equitable action or proceeding arising out of, or in
connection with, this Agreement will lie in the appropriate federal or state courts in the State of Colorado and each specifically waives any and all objections to such jurisdiction and venue. 

 

	 	21.	 Future Cooperation. Loeffler agrees to reasonably cooperate with Whiting Petroleum in the future
and to provide to Whiting Petroleum truthful information, testimony or affidavits requested in connection with any matter that arose during Loeffler’s employment. This cooperation may be performed at reasonable times and places and in a manner
as to not interfere with any other employment or business activities that Loeffler may have at the time of request. Whiting Petroleum agrees to reimburse Loeffler for expenses incurred in providing such cooperation, so long as such expenses are
approved in advance by Whiting Petroleum, including, if applicable, any legal fees and expenses reasonably incurred by Loeffler if Loeffler and Whiting Petroleum agree in good faith that Loeffler should retain counsel independent of the counsel for
Whiting Petroleum in order to cooperate as provided hereinabove. 

  

	 	22.	 Return of Property. Loeffler acknowledges an obligation and agrees to return all Whiting
Petroleum property, unless otherwise specified in this paragraph. This includes all files, memoranda, documents, records, credit cards, keys and key cards, computers, laptops, personal digital assistants, cellular telephones, Blackberry devices or
similar instruments, other equipment of any sort, badges, vehicles, and any other property of Whiting Petroleum. In addition, Loeffler agrees to provide any and all access codes or passwords necessary to gain access to any computer, program or other
equipment that belongs to Whiting Petroleum or is maintained by Whiting Petroleum or on company property. Further, Loeffler acknowledges an obligation and agrees not to destroy, delete or disable any company property, including items, files and
materials on computers and laptops. 

  

	 	23.	 Nondisparagement. Loeffler shall not, whether in writing (electronically or otherwise) or orally
malign, denigrate or disparage Whiting Petroleum or any of its respective predecessors or successors, or any of their respective current or former directors, officers, employees, shareholders, partners, members, agents or representatives, with
respect to any of their respective past or present activities, or otherwise publish, whether in writing (electronically or otherwise) or orally statements that malign, denigrate or disparage any of the aforementioned parties. The Company agrees to
instruct its senior officers and directors not to disparage Loeffler. The foregoing shall not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings
(including, without limitation, depositions in connection with such proceedings), and the foregoing limitation on Whiting Petroleum’s executives and directors shall not be violated by statements that they in good faith believe are necessary or
appropriate to make in connection with performing their duties and obligations to Whiting Petroleum. 

  

	 	24.	 Divisibility of Agreement or Modification by Court. Loeffler understands that, to the extent
permitted by law, the invalidity of any provision of this Agreement will not and shall not be deemed to affect the validity of any other provision. Loeffler agrees that in the event that any provision of this Agreement is held to be invalid, it
shall be, to the extent permitted by law, modified as necessary to be interpreted in a manner most consistent with the present terms of the provision, to give effect to the provision. Finally, in the event that any provision of this Agreement is
held to be invalid and not capable of modification by a court, then Loeffler understands and agrees that such provision shall be considered expunged (eliminated), and she further agrees that the remaining provisions shall be treated as in full force
and effect as if this Agreement had been executed by Loeffler after the expungement (elimination) of the invalid provision. 

  

	 	25.	 Representations. By signing this Agreement, Loeffler represents that she has read this entire
document and understands all of its terms. 

	 	26.	 21-Day Consideration Period. Loeffler may consider
whether to sign and accept this Agreement for a period of twenty-one (21) days from the day she received it. If this Agreement is not signed, dated and returned to Whiting Petroleum’s Chief
Administrative Officer, General Counsel and Secretary within twenty-two (22) days, the offer of severance payments and benefits described in paragraph 3 above will no longer be available. Loeffler
acknowledges that should she sign and return this Agreement within the 21-day period identified in this subparagraph, she is knowingly waiving whatever additional time she may have up to the conclusion of the 21-day period for consideration of this Agreement. 

  

	 	27.	 Withholding. Whiting Petroleum may withhold from any payments of compensation or benefits made to
Loeffler all applicable taxes, including but not limited to income, employment and social insurance taxes, as required by law. Loeffler acknowledges and represents that Whiting Petroleum has not provided any tax advice to her in connection with this
Agreement and that she has been advised by Whiting Petroleum to seek tax advice from her own tax advisors regarding this Agreement and the payments that may be made to her pursuant to this Agreement, including, specifically, regarding the
application of the provisions of Section 409A of the Code. 

  

	 	28.	 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the
parties and their successors and permitted assigns. Loeffler acknowledges and agrees that all of Loeffler’s covenants and obligations to Whiting Petroleum, as well as the rights of Whiting Petroleum hereunder, shall run in favor of and shall be
enforceable by Whiting Petroleum and any successor or assign to all or substantially all of Whiting Petroleum’s business or assets. Subject to the conditions precedent set forth herein, Whiting Petroleum hereby acknowledges and agrees that its
obligations to Loeffler under Section 3.a. of this Agreement shall be performed by Whiting Petroleum or any successor or assign to all or substantially all of Whiting Petroleum’s business or assets. 

 
					
	ACCEPTED:
	
	WHITING PETROLEUM CORPORATION
	
	/s/ Bruce DeBoer
	Name:	 	Bruce DeBoer
	Title:	 	Chief Administrative Officer, General Counsel and Secretary
	
	ACCEPTED:
	
	/s/ Correne S. Loeffler
	CORRENE S. LOEFFLER
		
	Dated:	 	September 1, 2020

 
					
	Date Agreement was originally given to Loeffler:

 
					
	August 12, 2020	 	 	 	

 Exhibit A 

During the Transition Period, Loeffler shall assist with the smooth transition of her duties and responsibilities as requested by the New CFO
and/or the Board and shall provide strategic or other financial assistance and consulting services upon request, and in consideration of the Transition Services, she will be entitled to compensation in respect of the Transition Services in an amount
equal to $30,000 for the first full month, $30,000 for the second full month and $8,250 for the first full week in the third month (equal to $68,250 in the aggregate) after which she will not be required to provide additional Transition Services.
During the Transition Period Loeffler acknowledges and agrees that she shall serve as a consultant and not as an employee and she shall be responsible for the payment of all taxes with respect to such payments. During the Transition Period Loeffler
shall not contact any employees, customers, suppliers or vendors of Whiting Petroleum, unless requested to do so by the New CFO or the Board. It is the intent of the parties hereto that the level of services during the Transition Period shall not
exceed 19.9% in the aggregate (as compared to services rendered prior to the Transition Period) such that she will experience a “separation of service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended.
Whiting Petroleum acknowledges and agrees to indemnify Loeffler to the same level and extent as in effect prior to the Separation Date for actions taken by Loeffler during the Transition Period in respect of the Transition Services described herein;
provided such actions are taken in good faith and consistent with Loeffler’s obligations under this Agreement.

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