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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.


NYSE:NOG - Post by User

Bullboard Posts
Comment by duckhouseon Nov 07, 2007 3:22pm
317 Views
Post# 13770322

RE: Looks like they hit OIL

RE: Looks like they hit OILThe bearing sands are too thin in the area. The gas wells at best would be = to CBM and have a 10 year payout if you could find a pipeline in the area to get it to market + de watering equipment + compressor$. Love to see a new find but the odds are stacked the wrong way. If they have stumblered onto structual faults as mentioned each well could be the equivalent of an exploration well with no safe or infield drilling = each well high risk? If you have the time and money it may come about, just long odds is all I'm saying. Fair Sky just went through a drilling program in Moose Jaw where they were trying to prove the same story, gas & oil...Didn't work out either.
Bullboard Posts