Exploration & Production | Operational Updates | Quarterly / Earnings Reports
Northern O&G Adds 128 Wells to Production Queue
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Northern Oil and Gas Inc. has reported a production and operations update for the quarter ended March 31, 2013.
Northern's first quarter 2013 production is expected to average approximately 11,100 barrels of oil equivalent per day, a 30% increase over the first quarter of 2012 and a 2% sequential quarter-over-quarter increase.
During the first quarter of 2013, Northern added 128 gross (9.6 net) wells to production.
As of March 31, 2013, Northern was participating in 1,355 gross (115.8 net) producing wells and an additional 152 gross (12.2 net) wells that were drilling or waiting on completion.
Northern expects its first quarter 2013 realized price per barrel of oil equivalent, including the effect of settled derivatives, to be between $82.00 - $83.00.
Northern expects lease operating…
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