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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 gregoooon Dec 23, 2010 2:57pm
249 Views
Post# 17889826

RE: anybody

RE: anybody
oil analysis is not that important- just tells them API gravity,any formation water (and if it is the same from top to bottom) and maybe some formation info from the cuttings. time depends on how busy the labs is.
The logs are important- they say how much of the 100 meters is actual formation,porosity,permability thus the ability of the zone to produce oil if it was perforated(and where to perforate). also if they need to stimulate with acid, fracing etc. log analysis shouldn't take long so we might get info and the plans for the well maybe between x-mas and new years and  the drilling of the 2nd well.
Bullboard Posts