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Northern Oil and Gas, Inc. (AMEX:NOG) announced positive results for the first quarter of 2012.
Northern Oil and Gas, Inc. (AMEX:NOG) announced positive results for the first quarter of 2012.
As quoted in the press release:
In the first quarter of 2012, oil, natural gas and natural gas liquids sales increased 141% compared to the first quarter of 2011, driven primarily by a 117% increase in production and partially aided by a 16% increase in realized prices taking into account the effect of settled derivatives. Northern Oil’s production growth was driven by a 131% increase in net producing wells from 31.0 as of March 31, 2011 to 71.8 as of March 31, 2012.
Click here to read the full Northern Oil and Gas, Inc. (AMEX:NOG) press release.