Northern Oil & Gas Announces Red River Discovery, Fifteen Bakken And Three Forks Completions

Northern Oil & Gas, Inc. (Northern Oil & Gas) announced the successful drilling and completion of a third Red River discovery in Sheridan county, Montana and fifteen additional completions in the North Dakota Bakken and Three Forks trend. The Bakken and Three Forks wells began producing at an average initial production rate of 692 barrels of oil per day.

Northern Oil & Gas has drilled with a 100% success rate in the Bakken/Three Forks since inception. Northern Oil & Gas is currently participating in the drilling or completion of an additional 18 Bakken and Three Forks wells.

Michael Reger, chief executive officer, commented, “We continue to add production and reserves in both our Red River program as well as our Bakken and Three Forks program. We continue to see service costs decline and look forward to the continued successful development “

Recently Completed Wells:

The Friedrich Trust 31 #1, located in Sheridan county, Montana is a vertical well operated by Brigham Exploration and produced from the Red River formation at an initial production rate of 200 barrels of oil per day. Northern Oil & Gas holds a 23.5% working interest in the well.

The Jericho 1-5H, located in Mountrail county, North Dakota is a horizontal well operated by Slawson Exploration and produced from the Bakken formation at an initial production rate of 753 barrels of oil per day. Northern Oil & Gas holds a 41.5% working interest in the well.

The Pet-Inc Federal 22-44HR, located in McKenzie county, North Dakota is a horizontal re-entry well operated by St. Mary Land & Exploration and produced from the Bakken formation at an initial production rate of 466 barrels of oil per day. Northern Oil & Gas holds a 7.25% working interest in the well.

The Thorvald 1-35H, located in Dunn county, North Dakota is a horizontal well operated by Continental Resources and produced from the Three Forks formation at an initial production rate of 851 barrels of oil per day. Northern Oil & Gas holds a 6.75% working interest in the well.

The Bangen 41-27H, located in Mountrail county, North Dakota is a horizontal well operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 605 barrels of oil per day. Northern Oil & Gas holds a 5.75% working interest in the well.

The MOI 22-15H, located in Billings county, North Dakota is a horizontal re-entry well operated by Whiting Oil and Gas and produced from the Three Forks formation at an initial production rate of 400 barrels of oil in a 19 hour period. Northern Oil & Gas holds a 2.5% working interest in the well.

The Gladys 1-9H, located in McKenzie county, North Dakotais a horizontal well operated by Newfield Exploration and produced from the Bakken formation at an initial production rate of 1,052 barrels of oil per day. Northern Oil & Gas holds a 2.5% working interest in the well.

The Wisness 1-4H, located in McKenzie county, North Dakota is a horizontal well operated by Newfield Exploration and produced from the Bakken formation at an initial production rate of 1026 barrels of oil per day. Northern Oil & Gas holds a 1.75% working interest in the well.

The Sig 21X-6, located in Burke county, North Dakota is a horizontal well operated by XTO Energy and produced from the Bakken formation at an initial production rate of 132 barrels of oil per day. Northern Oil & Gas holds a 1.5% working interest in the well.

The Armstrong 1-24H, located in Billings county, North Dakota is a horizontal well operated by Continental Resources and produced from the Bakken formation at an initial production rate of 385 barrels of oil per day. Northern Oil & Gas holds a 1.25% working interest in the well.

The Norton 24-12H, located in Dunn county, North Dakota is a horizontal well operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 581 barrels of oil per day. Northern Oil & Gas holds a 1.25% working interest in the well.

The Jodi Carlson 34-12H, located in Dunn county, North Dakota is a horizontal well operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 661 barrels of oil per day. Northern Oil & Gas holds a 1.25% working interest in the well.

The Fladeland 11-30H, located in Mountrail county, North Dakota is a horizontal well operated by Fidelity Exploration and produced from the Bakken formation at an initial production rate of 1083 barrels of oil per day. Northern Oil & Gas holds a 1.25% working interest in the well.

The Shobe 24-20H, located in Mountrail county, North Dakota is a horizontal well operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 379 barrels of oil per day. Northern Oil & Gas holds a .75% working interest in the well.

The Jay Sandstrom 34-31H, located in Mountrail county, North Dakota is a horizontal well operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 796 barrels of oil per day. Northern Oil & Gas holds a .5% working interest in the well.

The Landblom 1-35H, located in Divide county, North Dakota is a horizontal well operated by Continental Resources and produced from the Bakken formation at an initial production rate of 688 barrels of oil per day. Northern Oil & Gas holds a .5% working interest in the well.

Northern Oil & Gas is a working interest participant in an additional 18 wells currently drilling or completing in the North Dakota Bakken and Three Forks trend.