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Northern Oil & Gas sees 19% gain for Q3 production

  • Northern Oil & Gas (NOG) says Q3 production is expected to average ~13K boe/day, a 19% Q/Q increase.
  • During Q3, NOG added ~147 gross (12.1 net) wells to production with an additional 260 gross (18.8 net) wells drilling or awaiting completion at the end of the quarter.
  • As of Sept. 30, NOG's producing well count totaled 1,585 gross (133.5 net) producing wells; NOG expects Q3 realized price/boe of $82-$83.
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