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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 business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It 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. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.


NYSE:NOG - Post by User

Bullboard Posts
Comment by LANNY9on Jun 04, 2008 3:57pm
190 Views
Post# 15145686

RE: coil rigs

RE: coil rigsBigbil, I never worked on a coil rig but I would imagine they can go pretty quick on shallow holes.  That is the reason why they use them. 

The first person to know if  theyit gas is the motorman on the rig(if he is smart enough to know what the signs are)  The motorman collects the samples and takes over to the geologist.  You can see and smell the oil when working on the rig, especially if you are the one cathing the samples.  You will sample all the way down the hole after surface drilled.  If you are getting close to the pay zone the geoligist make ask you take saples every 5 minute or so.  I have been on a rig doing a tight hole(high security) and had to take samples every 2.5 minutes.  It was nice cause I didn't ahve to do any of the other work on the rig, just sit at the shaker(where the drill mud gets separated from the rock, or shale, or sand) and took samples for eight straiight hours.
Bullboard Posts