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 gregoooon Dec 27, 2010 4:00pm

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Post# 17897494

RE: 100 meters of pay

3. I wonder what size of hole they are drilling (slim -5" casing, regular - 7" casing ) ,if it is only slim that could explain their problems of getting stuck -not enough torque with the lighter equipment and then the next problem of not being able to drill deeper - I believe you need a mininum of 7" casing to re-enter and drill deeper and then to run a liner to the new TD.

it was funny they did not mention the plans for drilling the 2nd well - or are they drilling it now? drilling rigs usually do not shut down through Xmas -I guess we might find out later this week.

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