About Northern oil and gas inc. (amex: nog)
Northern Oil and Gas Inc. (NYSE: NOG) is a leading non-operated working interest franchise in the premier shale basins across the United States. The company has built long-term relationships in these basins, which have been instrumental in its success.
The company's primary focus is on acquiring and developing oil and natural gas properties, primarily located in the Williston Basin of North Dakota and Montana, as well as other areas of the United States. Northern Oil and Gas Inc. has a proven track record of identifying high-quality assets with significant upside potential.
One of the key factors that sets Northern Oil and Gas apart from its competitors is its unique business model. The company focuses on acquiring non-operated working interests in oil and gas wells rather than operating them itself. This allows Northern Oil and Gas to leverage the expertise of experienced operators while still benefiting from ownership stakes in high-quality assets.
Northern Oil and Gas Inc.'s portfolio includes over 6,000 gross (3,200 net) producing wells across more than 1 million acres of land. The majority of these assets are located within the Bakken/Three Forks formations within the Williston Basin.
The Bakken/Three Forks formations are some of the most prolific shale plays in North America, with estimated recoverable reserves exceeding 20 billion barrels of oil equivalent (BOE). These formations have been a major driver behind North America's recent energy renaissance.
Northern Oil and Gas' strategic focus on this region has allowed it to capitalize on this trend by acquiring high-quality assets at attractive valuations. As a result, Northern Oil & Gas has become one of the largest non-operating working interest owners within this region.
In addition to its core operations within Williston Basin, Northern Oil & Gas also owns interests in other regions such as Permian Basin located primarily Texas where it holds approximately 2% net revenue interest across more than 1k wells operated by various operators including Chevron Corporation (NYSE: CVX), Concho Resources Inc., Pioneer Natural Resources Company (NYSE: PXD), among others
Northern Oil &Gas' management team consists highly experienced professionals who bring decades worth experience from various sectors including finance , engineering , geology among others . They have demonstrated their ability to identify opportunities for growth while maintaining financial discipline throughout all phases business cycle .
In conclusion , Northern oil &Gas inc.( NYSE:NOG )is an established player with strong fundamentals that make it an attractive investment opportunity for those looking exposure into US shale industry . With proven track record identifying quality assets at attractive valuations coupled with experienced management team focused on delivering value shareholders through disciplined capital allocation strategies makes NOG stand out amongst peers .
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