Northern Oil and Gas Inc V.NOG

Primary Symbol: NOG

Energy Oil & Gas E&P

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

Northern Oil and Gas Inc

Bullboard Posts

Comment by gregoooon Jun 19, 2008 7:54pm

259 Views

Post# 15206852

RE: Great

so true Schor.

If you look at any of the big plays going on now in the O & G sector - Montney,Bakken, etc it took a long time to figure out how to produce these fields and look at any body involved in them.
Hopefully Preeceville is a much more giving formation that does not require the fancy horizontal drilling /fracing techniques to get good productivity.
Time will tell which is how the patch works- remember the oil/gas been there for millions of years - you cannot get it out in a day.

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload