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Title : NOG Provides Update On Proved Reserves -- March 7, 2019
link : NOG Provides Update On Proved Reserves -- March 7, 2019

NOG Provides Update On Proved Reserves -- March 7, 2019

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NOG. Press release. Announces that total proved reserves increased 79% to 135.5 million boe with an associated PV-10 of $2.18 billion. Much of that came with the recent acquisition but prior to the acquisition, NOG says that total proved reserves increased 38% year-over-year with an associated PV-10 of $1.52 billion. The other data point:

• proved undeveloped reserves included 97.9 net drilling locations, reflecting an average of less than 20 net organic wells per year over the five year drill schedule limitation, compared to the approximately 31 net organic wells that Northern added to production during 2018

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