Employee Information Bulletin #18 - March 13, 2026

Next Steps in Whiting Negotiations

To: All Whiting Employees

The purpose of this Employee Information Bulletin (EIB) is to provide a status update on negotiations.

The Company was notified by the Union on Thursday, March 12, that the Company’s Last, Best & Final Offer (LBFO) was not ratified. This is disappointing news, but we respect the Union’s right to evaluate and reject proposals, and we recognize that ratification decisions ultimately rest with our employees.

Additional economic considerations were included in our last, best, and final offer and were specifically designed to encourage prompt ratification, which would have allowed both parties to move forward without continued uncertainty.

Because the Company’s BEST offer expired without a positive ratification vote, we met with the Union bargaining committee today to issue a revised offer, ask questions, and gather feedback.

Today the offer we presented looks different from the offer that expired. It is still competitive, still recognizes our employees, and is still something that allows the Company to achieve the objectives that we’ve talked about since January 5.

This revised offer isn’t about penalizing the Union or its members for rejecting the offer. It’s simply a reflection that certain incentives were contingent on reaching agreement by March 12, 2026.

Below summarizes what has changed in the Company’s revised offer:

• The effective date of the first-year increases (i.e. 2026) was revised from being retroactively applied back to February 1, 2026, to become effective “…the first full pay period beginning after the date of ratification.” This is detailed in Company Proposal 10E.
• The $7,500 lump sum consideration was reduced to $2,500. The resulting lump sums now range from $2,500 to $10,000 ($7,500 for OSFs and $10,000 for OSCs). This is detailed in Company Proposal 10E.
• The calculated date of credited service for the impacted employees in the non-core craft lines, as well as any voluntary leavers in the core craft lines, has been adjusted to March 13, 2026. This is detailed in Company Proposal 2D.
• This revised offer does not have an expiration date.

With these changes, our offer remains competitive, including the inclusion of NOBP wage increases.

We are hopeful that the revised offer will be ratified by our employees.