Northern Oil and Gas, Inc. is providing a production and operations update for the quarter ended September 30, 2013.
PRODUCTION AND OPERATIONS UPDATE
Northern's third quarter 2013 production is expected to average approximately 13,000 barrels of oil equivalent per day, a sequential increase of approximately 19% compared to the second quarter of 2013.
During the third quarter of 2013, Northern added approximately 147 gross (12.1 net) wells to production with an additional 260 gross (18.8 net) wells that were drilling or awaiting completion at the end of the quarter.
As of September 30, 2013, Northern's producing well count totaled 1,585 gross (133.5 net) producing wells.
Northern expects its third quarter 2013 realized price per barrel of oil equivalent, including the effect of settled derivatives, to be in a range of $82.00 - $83.00.