Exploration & Production
Bakken Focused Northern Oil and Gas Provides Production Update
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Northern Oil and Gas, Inc. provided a third quarter production and operations update.
PRODUCTION UPDATE
Northern Oil expects third quarter 2012 production to increase approximately 96% over the third quarter of 2011, and approximately 9% compared to the second quarter of 2012, resulting in an average of approximately 11,200 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average days on production was approximately 55 out of a possible 62 producing days, or approximately 89% of potential producing days. Preliminary estimates of September's weighted average days on production appear to be consistent with the first two months of the third quarter.
DRILLING AND COMPLETIONS UPDATE
During the third quarter of 2012, Northern Oil had approximately 149…
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