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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 wiseguy113on Mar 02, 2011 7:44pm
379 Views
Post# 18222393

RE: So...?

RE: So...?        Actually, the main reason they use deisel fuel is because it is one of the cheapest lubricants on the market, and is very easy to supply... 

    The reason I used the term porous was only because it saved me an explanation that i assumed most people could conclude on their own - salt rock is not pure salt, it does however, have soluble materials in it (and not just by water). If a liquid is sitting against it for an extended period of time the soluble material will erode off the non-soluble part, creating a pitted and therefore weakened rock. 

    If you put a piece of rock salt in a gallon of oil and add pressure to the container, then leave it for a couple hundred thousand years and then go back for a looksy, you should find a rock in the bottom that looks like it belongs in your bbq.

    If you truly think that only flowing water can absorb salt, then I suggest that you talk to the guys that clean/service steel items, most of them use muratic acid to clean salt stains... not water

    My suggestion is sell your nog. I'll buy it.
Bullboard Posts