NOG's Policy Statement on IPs

With all the discussion about IPs, this is a very nice press release from NOG.

Note their comments about IPs, near the bottom of the press release:

"Northern Oil continues to believe that early 24 hour rates are not useful in determining the economics of a well. Northern Oil is focused on well payout, which, in our core Slawson Exploration drilling program, we expect to occur four months on average following commencement of production. As previously guided, Northern Oil will begin to report well flow rates as far out as 60 days, when available."

By the way, if you have an interest in the Bakken, Slawson, or NOG, you should look at that press release: the average flow rates and the number of wells NOG is completing is eye-watering.

I have to thank an "anonymous" reader for alerting me to this press release. There is just too much information to keep track of.