Exploration & Production
Northern Oil and Gas Annouces First Quarter 2012 Production and Drilling Update
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Northern Oil and Gas, Inc. (NYSE/AMEX: NOG) (“Northern Oil”) today provided a first quarter production and drilling update and recent oil derivative summary.
PRODUCTION UPDATE
Northern Oil expects to provide production updates on a going-forward basis shortly after the end of each fiscal quarter once the majority of quarterly production data becomes available. Given Northern Oil’s significant inventory of non-operated wells, management believes these quarterly updates will be an effective way to supplement the annual guidance previously provided.
Northern Oil expects first quarter 2012 production to increase approximately 20% compared to fourth quarter 2011, resulting in an average of approximately 8,500 barrels of oil equivalent per day. During the first two months of the quarter, the…
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