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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 roadrunner1129on Jan 08, 2011 2:07pm
363 Views
Post# 17943771

RE: Working over the weekend I hope?

RE: Working over the weekend I hope?Operations work doesn't stop for the weekend, so yes, they should be working.

The possibility of them drilling deeper is slim to none. They would have released the drilling rig so to release the completions crew and bring the drilling rig back in would be expensive and time-consuming...even majors don't spend money like that.

The thing with swabbing is that it can take a couple days (per interval) to clean up the drilling fluid that was pumped downhole and start seeing some formation fluid returns. Multiply that by four intervals and you see can how that could take time. If I were in their shoes, I would finish with well #1 before moving on to #2 because the information gathered from each successive well is very important.

I do think we'll get an update this week. The trading volume/action definitely has not suggested any thing (good or bad) so information doesn't seem to have been leaked, although there were some pretty serious bids that came in on Tuesday...whether that means anything or not I don't know.

GLTA.
Bullboard Posts