Earnings press release link
Earnings call transcript link
Excerpt...
As of December 31, 2012, Northern controlled approximately 179,131 net acres targeting the Williston Basin Bakken and Three Forks. In 2012, Northern acquired leasehold interests covering an aggregate of approximately 17,590 net mineral acres in its key prospect areas, for an average cost of $1,788 per net acre, and earned an additional 6,450 net acres through farm-in arrangements. In the fourth quarter of 2012, Northern acquired leasehold interests covering an aggregate of approximately 3,404 net mineral acres in its key prospect areas at an average price of $1,082 per acre.
As of December 31, 2012, approximately 64% of Northern's total acreage position, and approximately 72% of Northern's North Dakota acreage position, was developed, held by production, held by operations or permitted.
In 2012 Northern spud approximately 42.8 net wells and added 48.3 net wells to production. Northern added 7.7 net wells to production in the fourth quarter of 2012.
Earnings call transcript link
Excerpt...
As of December 31, 2012, Northern controlled approximately 179,131 net acres targeting the Williston Basin Bakken and Three Forks. In 2012, Northern acquired leasehold interests covering an aggregate of approximately 17,590 net mineral acres in its key prospect areas, for an average cost of $1,788 per net acre, and earned an additional 6,450 net acres through farm-in arrangements. In the fourth quarter of 2012, Northern acquired leasehold interests covering an aggregate of approximately 3,404 net mineral acres in its key prospect areas at an average price of $1,082 per acre.
As of December 31, 2012, approximately 64% of Northern's total acreage position, and approximately 72% of Northern's North Dakota acreage position, was developed, held by production, held by operations or permitted.
In 2012 Northern spud approximately 42.8 net wells and added 48.3 net wells to production. Northern added 7.7 net wells to production in the fourth quarter of 2012.
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