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.

NYSE:NOG - Post by User

Northern Oil and Gas Inc > NOG should be in good shape

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Comment by ShawnyCash1on Jul 02, 2014 10:19am

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Post# 22709751

RE:RE:RE:RE:RE:NOG should be in good shape

I am well informed on this... get the pun? The gas is in the ground yes but there is formation damage so the well isn't producing at expected rates. Go over the old news releases to refresh your memory or to become informed about it. The well has to be fixed to produce. Doesn't matter presently that it's tied into a pipeline if there is very little gas to sales.

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