The land acquisition plan used by Northern Oil & Gas in the Williston Basin is profiled in today's Investors' Business Daily. According to the article, the company buys smaller tracts of land that are not in high demand and combines them with larger neighboring parcels owned by companies drilling in the area. Northern profits from wells drilled on its acreage, sharing in the drilling costs but avoiding the associated overhead.
http://www.investors.com/NewsAndAnalysis/Article/562290/201102071550/Oil-Company-Goes-After-Small-Neglected-Parcels-Of-Land.htm
http://www.investors.com/NewsAndAnalysis/Article/562290/201102071550/Oil-Company-Goes-After-Small-Neglected-Parcels-Of-Land.htm
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