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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 29, 2010 9:55pm
318 Views
Post# 17904541

RE: 7 Townships

RE: 7 TownshipsThe key is where they are drilling and the next target. This area is all very accessible and there are several community pastures. I have to believe that this is just the start as it has been promising for the last two years and finally being drilled after extensive tests. The odds of not hitting are way more than hitting and we hit but I think better is still to come. GLTA ----------Original Message Posted 12/29/2010 9:39:13 PM----------
A theoretical township is 6 miles square, containing 36 sections, 1 mile square, of 640 acres each.
So you are looking at 252 square miles. A little less than what you quoted but still not chicken feed in any circumstance.
Good Luck tomorrow fellow NOGGERS!

Bullboard Posts