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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 McLachertyon Dec 28, 2010 12:01pm
333 Views
Post# 17898714

RE: RE: 100 meters of pay

RE: RE: 100 meters of payI would think that they would be shut down to new years to give crew a break as they are usually from all areas of Canada, my brother and nephew were back to rigs yesterday though, Alberta and Esterhazy. It should be interesting. I have to think we have something good in the near future. GLTA ----------Original Message Posted 12/28/2010 11:47:31 AM---------- "drilling rigs usually do not shut down through Xmas -I guess we might find out later this week."
 
This was the norm years ago, not anymore.  Especially in this case where they completed a well just before Christmas.  If NOG is confident about what they have found so far, they will probably rack the rig and move it between Christmas and New years and then start drilling after the 1st.
Bullboard Posts