Northern announces Bakken discoveries

Northern Oil and Gas, Inc., an exploration and production company based in Wayzata, Minnesota, has recently participated in the successful completion of three wells in the emerging North Dakota Bakken play, bringing to eleven the total number of producing wells in which Northern holds an interest.

The company controls approximately 60,000 net acres in the North Dakota Bakken play, yielding over 90 net well locations based on 640 acre drilling units.

In addition, Northern controls approximately 22,000 net acres in Sheridan County, Montana and has successfully completed two wells to the Red River formation.

Northern Chief Executive Officer Michael Reger, said Northern’s first mover leasing advantage is yielding significant rewards for our stakeholders.

We continue to accelerate our participation in successful North Dakota Bakken development, providing solid production results. With over 70 permits pending, our net production should continue to grow at an increasing rate in the second half of the year, concluded Mr. Reger.