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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 ranmylon Jun 17, 2008 10:37pm
252 Views
Post# 15196607

RE: heads up -SF

RE: heads up -SFBe cautious of these proximity plays, I was at the resource show in Vancouver on the weekend and questioning a lot of these companies moving into coal and potash.  One of company going into coal did not have any idea of what they had claimed other then it was so many sections sort of near one of those coal discoveries.  A Potash play on the eastern side of the province said they didn't have to spend 2.5 billion on a potash mine because they were going to solution mine, duh! I don't  think  they ever looked at Belle Plaines to see what kind of investment they would need. What I like about NOG is that they have been on the ground for years and have a clear focus what they are after.
Bullboard Posts

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