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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 Aug 10, 2011 1:58pm
352 Views
Post# 18927138

Question????

Question????I freely admit that my knowledge of drilling is sadly lacking. If they are able to proceed with the Acid Squeeze next week (weather permitting) how long does this process usually take? Also is the acid squeeze used in conjunction with "Fracking" or are they 2 separate procedures used in different applications. I would have to assume that there are very few wells that have enough artesian pressure and high enough porosity values that would allow them to be freeflowing making these procedures common place in the industry. Well next week might be a good one, as we are fast approaching the 15th which i believe is the cutoff date for the company to acquire that 3rd line of Siesmic data. I appreciate any and all feedback.

Regards
Bullboard Posts