Company Strategy
Northern Oil and Gas controls one of the largest leasehold positions in the Bakken and Three Forks play.
Northern Oil and Gas is currently a non-operating participant in the North Dakota Bakken and Three Forks play. Northern’s participation in Bakken and Three Forks wells is proportionate to its leasehold interest in each drilling unit that is drilled by its operating partners. (For example, if Northern controls leases on 64 acres in a 640-acre drilling unit—or 10% of the unit—Northern would participate for its proportionate 10% working interest in any well drilled in that unit).
As a non-operating (minority) working interest owner in a well, Northern does not bear the operating and overhead costs of its operating (majority) partners, making it the lowest-cost producer in the Bakken and Three Forks play
