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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

Post by aurumtraderon Feb 12, 2016 12:54pm
123 Views
Post# 24553025

News

NewsWell...company not dead after all. Nice to finally get something and 33 API means Light Crude I think which is a higher priced commodity and easier to refine. Still likely doesn't mean close to production on the Red River anytime soon or even an inkinling of getting it to market from their wells. 

BUT at least it's a sign from the company that they are engaged in moving forward.

Think this is enough to get some traffic?
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