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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 Oilseekeron Dec 30, 2010 1:45am
363 Views
Post# 17905026

RE: RE: RE: perm, porosity

RE: RE: RE: perm, porosity

In addition, the well logs also suggest that hydrocarbons are present, along with very good dolomite porosity - as high as 21%. Given these results, four separate intervals have been selected for perforating.

As part of the release they mentioned that in addition to the well logs that  hudrocarons are present and they are perforating not fracing big difference in cost and application.  One is done hydrolicly and the other is done with an explosive gun where it cuts a hole through the casing and cement surounding the casing.  Cheap.
Since they took 12 samples over 100 metres and all had hydrocarbons,I would quess the 4 pay zones are between
15 and 20 feet in depth are no more than 30 feet apart. 


Year of the Profit, Oilseeker

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Bullboard Posts