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 chad07on Dec 31, 2010 4:01am

370 Views

Post# 17909917

RE: Endeavor oil wells

I know your just throwing some rough numbers around....and not that I agree with them, but $9K/Day does not equal $27K/Month unless a 3 day month. $270K maybe? Then multiply that by your amount of wells which you thew out as 10.....So bring that down to $2.7Million/Month? Now thats before all those expenses like you said....

Maybe that will help your estimates a bit. Have fun. :)

Cheers

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