Northern’s New Website Tells the “One Step Ahead of the Drill Bit” Story with Jumbo Graphics, Maps and Aerial Photography
Northern Oil and Gas, Inc. (ticker: NOG), is an independent oil and gas producer that has one of the largest non-operated leasehold positions in the Williston Basin. Northern controls almost 185,000 net mineral acres in the heart of the Bakken and Three Forks oil plays in North Dakota and Montana.
- Acreage footprint of approximately 184,700 net mineral acres in the heart of the Bakken and Three Forks oil plays in North Dakota and Montana, as of September 30, 2014.
- Interests in approximately 2,500 gross Bakken/Three Forks oil wells in the Williston Basin.
- Producing an average of 16,450 barrels of oil per day, net during Q3’14.
- Proved reserves of 84.2 million barrels of oil equivalent at year-end 2013.
- 317% return on every $1 invested in F&D costs.
As a non-operating (minority) working interest owner in a well, Northern avoids the overhead costs of its operating (majority) partners, maintaining a low-cost producer. As a non-operator in the North Dakota Bakken and Three Forks play, Northern Oil’s participation in wells is proportionate to its working interest in each drilling unit that is drilled by its operating partners. For example, if Northern controls 160 acres in a 640-acre drilling unit—or 25% of the unit—Northern’s investment would be proportionate to its 25% working interest in any well drilled in that unit that it elects in which to participate.
- Continental Resources (ticker: CLR),
- Statoil (ticker: STO),
- EOG Resources (ticker: EOG),
- Whiting Petroleum (ticker: WLL),
- Hess Corporation (ticker: HES) and
- ConocoPhillips (ticker: COP).
Northern seeks to continually grow its multi-year drilling inventory through selective, bolt-on acquisitions that are prospective for the Bakken and Three Forks. Northern’s intimate technical knowledge of the Williston Basin along with its strong balance sheet gives the company the insight to identify prospective acreage and the financial resources to act on opportunities as they arise.
New Website Launched
Getting Northern’s story to the market is an essential part of the company’s strategy. In January 2015, Northern kicked-off its investor communications initiatives with a totally new, upgraded website.
“This is an important time to take a step back and really think about the story you’re communicating to investors and how you’re telling it,” said Brandon Elliott, Northern’s Executive Vice President for Corporate Development and Strategy.
“We want people to know that we continue to target continued growth by leveraging our long term relationships, expertise and capital. Regardless of commodities price cycles we’re moving our business plan forward. Our goal is to ramp up communications with our shareholders and prospective investors, to make it easier for the market to know what we’re doing. By launching a completely new website, or going out to talk to investors—we want to position our shareholders to take advantage of the next up trend.”
Northern’s new website brings a completely new look, a clean design with jumbo graphics, breathable space and a responsive layout that tells the company’s story, anchored on its extremely large acreage position in the sweet spots of the Bakken and Three Forks.
Optimized for multiple devices, screen sizes and platforms, the site includes a totally revamped Investor Relations section, Properties and Production, Leaseholds and Key Financial Metrics. An in depth interview with CNBC’s Jim Cramer and Northern Oil and Gas Chairman and CEO Michael Reger is available on the home page, www.northernoil.com. Northern’s new website was designed and is hosted by EnerCom Consulting in Denver.
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