Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by Caslan888on Dec 17, 2010 2:03pm
362 Views
Post# 17863154

Drilling practices

Drilling practicesThere seems to be a lot of confusion about the timing and drilling practices associated with drilling wells.  So here's what happens on nearly every well drilled in western Canada.

1. Spud the well
2. Drill the surface section of the well.  This is generally between 90-135m deep.  They are forced to drill to this depth and cement surface casing in place to protect the groundwater.  This usually takes anywhere from 12-24 hrs.  So they drill, pull out, run casing to the bottom, cement in place, wait 6-8hrs to have the cement set.
2. Drill an intermediate or main hole.  Intermediates happen if they want to go horizontal or are drilling very deep.  The same things happen here as the surface in the terms of running casing, cementing etc.  This can take 2-3 days depending on the depth and if we're waiting on services like cement, pipe etc.
3. They will drill the main hole, pull out and do either an open hole (no casing in place yet) or cased hole log. This will tell you a variety of things including changes in rock density, oil in place, caliper log of the hole etc. This takes around 6-8 hrs, but can take longer if they get stuck on a ridge downhole or their tools fail in the well etc.
4. The entire time they are drilling they will have a geologist onsite taking samples of the cuttings and comparing them to what they think the lithology or geologic zone of the depth that is being currently drilled.  So when the salt/anhydrant is found, they'll be able to assess depth of cap etc.
5. Run casing and cement
6. Call in completions rig to put in production tubulars and pump. Stimulate well to produce
7. Shareholders buy Porsches, implants for the wives etc.

The problem is that we don't always get to 4-7 because after the well is logged, they could assess that the zones are too shallow to produce, downholes pressures are inadequate, no oil found in the cuttings samples from the geo etc.  Hopefully #7 comes to light and we can make some cash...

Hope this helps,
Caslan888
Bullboard Posts