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.

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Northern Oil and Gas Inc

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Comment by ShawnyCash1on May 01, 2010 8:21am

461 Views

Post# 17051791

RE: RE: footman, footman, where are you?

Expensive yes but partially due to using propane to run the pump and heat the heavy oil. Now they're using nat gas - a lot cheaper. Should get better from here. Btw the trust is due to close in the next few weeks I am told. Some of the money will be used to pay creditors and complete the 5 new wells..

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Advancing flagship Ishkõday Gold Project in Ontario