Northern Oil and Gas, Inc. is providing a production and operations update for the quarter ended December 31, 2013.
PRODUCTION AND OPERATIONS UPDATE
Northern's fourth quarter 2013 production is expected to average approximately 13,900 barrels of oil equivalent (Boe) per day. This represents an increase of 28% compared to the fourth quarter of 2012, and a sequential increase of 6.5% compared to the third quarter of 2013. Total production for 2013 was approximately 4.47 million barrels of oil equivalent, an increase of approximately 19% compared to 2012.
During the fourth quarter of 2013, Northern added 173 gross (12.6 net) wells to production, with an additional 245 gross (15.2 net) wells that were drilling or awaiting completion as of December 31, 2013. During 2013, Northern added 531 gross (40.0 net) wells to production. As of December 31, 2013, Northern's total producing well count was 1,758 gross (146.2 net) wells.