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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
Post by robert1958on Jun 02, 2011 9:09am
359 Views
Post# 18661043

"In the Queue"

"In the Queue"I find this statement rather disconcerting as it is open to several interpretations, does it mean that the company is in a long line up to acquire services, or does it mean that by mid-june the company will state that they are still in the Queue and will be for the forseeable future. At this juncture the company should have a contract with a company to perform the acid squeeze even if the actual work would not commence till say July, August. It is the vagueness of the dates and times that has me wondering.

Regards
Bullboard Posts