Northern Oil and Gas Provides November Drilling and Completion Update
Northern Oil and Gas (NYSE: NOG) is providing a drilling and completion update for the month of November 2013.
DRILLING AND COMPLETIONS UPDATE
During the month of November, Northern participated in 62 gross (4.8 net) wells that were completed and placed into production. Through the first two months of the fourth quarter, Northern had completed 127 gross (9.5 net) wells. These additions bring Northern's year-to-date well additions to 485 gross (36.8 net) wells. As a result, Northern's total producing wells totaled 1,712 gross (143.0 net) as of November 30, 2013. In addition, Northern was participating in 255 gross (16.6 net) wells drilling or awaiting completion as of November 30, 2013.
"The drilling and completing momentum we experienced in the third quarter continued into October and November. With the North Dakota rig count currently at 193 active rigs, we remain very pleased with the level of activity on our acreage," commented Northern's Chairman and Chief Executive Officer, Michael Reger. "With our outstanding liquidity position and the net well additions in October and November, we look forward to a strong finish to 2013 and beginning the new year with some positive momentum."