Northern Oil and Gas Inc. (NYSE MKT: NOG) has provided a production and operations update for the quarter ended June 30, 2013.
Northern's second quarter 2013 production is expected to average approximately 10,900 barrels of oil equivalent per day, down approximately 2% when compared with the first quarter of 2013.
During the second quarter of 2013, Northern added 83 gross (5.7 net) wells to production. Drilling activity was robust in the second quarter; however, completions were limited, due to adverse weather and extended road restrictions. Production was also negatively impacted by producing pads being shut-in as completion operations were underway on adjacent in-fill pads.
As of June 30, Northern was participating in 1,438 gross (121.5 net) producing wells and an additional 218 gross (17.4 net) wells that were drilling or awaiting completion.
Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.