Some quick observations: a) these are not inconsequential wells; these are the real deal; b) note the working interest NOG has in these wells; NOG has the advantage of selecting what and where they want to go; over time their cash flow increases, allowing for greater working interest; and, c) check out the full press release and note how much some of these wells were choked down for the IP.
Mustang 1-22H, 1,829 bbls IP
Northern Oil participated in the Mustang #1-22H, a successful Bakken test well operated by Slawson Exploration in Mountrail County, North Dakota. Northern Oil controls a 39.56% working interest in the well.Alamo 2-19-18H, 1,286 bbls IP
Northern Oil recently participated in the Alamo #2-19-18H, a successful Bakken test well operated by Slawson Exploration in Mountrail County, North Dakota. Northern Oil controls a 29.98% working interest in the well, which had an initial production rate of 1,286 BOPD.Porcupine 1-19H, 1,566 bbls IP
To the south, Northern Oil participated in the Porcupine #1-19H, a successful Bakken test well operated by Sinclair Oil and Gas in Dunn County, North Dakota. Northern Oil controls a 29.02% working interest in the well, which had an initial production rate of 1,566 BOPD.Bighorn 1-6H, DRL
Directly offsetting the Porcupine well, Northern Oil is currently awaiting completion on the Sinclair operated Bighorn #1-6H (48.79% working interest (WI)) and the Sinclair operated Crosby Creek #1-5H (29.63% WI) wells. These wells are expected to be fracture stimulated in early June.Rascal 1-18H, Elm Coulee, Montana, 707 bbls IP
In an important discovery drilled in the upper Bakken shale on the edge of the Elm Coulee field in Richland County, Montana, Northern Oil participated in the Rascal #1-18H, a successful upper Bakken shale test well operated by Slawson Exploration. Northern Oil controls a 20.00% working interest in the well, which had an initial production rate of 707 BOPD. Slawson and Northern refer to this exploration program as the Big Sky/Lambert prospect.Goodson 1-28H, 690 bbls IP
In an additional Three Forks delineating well, Northern Oil recently participated in the Goodson #1-28H, a successful Three Forks test well operated by Continental Resources in Divide County, North Dakota. Northern Oil controls an 18.75% working interest in the well, which had an initial production rate of 690 BOPD.Hunter 1-8-17H, 1,668 bbls IP
Northern Oil also participated in the Hunter #1-8-17H, a successful Bakken test well operated by Slawson Exploration in Mountrail County, North Dakota. Northern Oil controls an 11.74% working interest in the well, which had an initial production rate of 1,668 BOPD.
