Northern Drills, Hooks Up 10 Wells in North Dakota Bakken, Three Forks



Northern Oil announced the successful drilling and completion of an additional ten oil producing wells in the North Dakota Bakken and Three Forks trend. The ten wells began producing at an average initial production rate of 825 barrels of oil per day.

Northern Oil is currently participating in the drilling or completion of an additional 21 Bakken and Three Forks wells. In addition, Northern Oil's acreage has been included in over 200 permitted or docketed-for-permit drilling locations in North Dakota.

Michael Reger, Chief Executive Officer, commented, "We continue to add production and reserves at an accelerating pace and we expect to meet or exceed previously announced 2008 exit rate production guidance. We also continue to see higher initial production rates in our wells and are starting to see lower drilling and completion costs."

RECENTLY COMPLETED WELLS

-- The Peacemaker 1-8H well, located in Mountrail County, ND is operated by Slawson Exploration and produced from the Bakken formation at an initial production rate of 1190 barrels of oil per day. Northern Oil holds a 15% working interest in the well.

-- The Austin 19-30H well, located in Mountrail County, ND is operated by EOG Resources and produced from the Bakken formation at an initial production rate of 2,450 barrels of oil per day. Northern Oil holds a 5% working interest in the well.

-- The Clearwater 1-2H well, located in Mountrail County, ND is operated by EOG Resources and produced from the Bakken formation at an initial production rate of 800 barrels of oil per day. Northern Oil holds a 4% working interest in the well.

-- The Mark Sandstrom 14-32H well, located in Mountrail County, ND is operated by Marathon Oil and produced from the Bakken formation at an initial production rate of 850 barrels of oil per day. Northern Oil holds a 5% working interest in the well.

-- The Skachenko 1-31H well, located in Dunn County, ND is operated by Continental Resources and produced from the Three Forks formation at an initial production rate of 870 barrels of oil per day. Northern Oil holds a 6.25% working interest in the well.

-- The Elveida 1-33H well, located in Divide County, ND is operated by Continental Resources and produced from the Three Forks formation at an initial production rate of 300 barrels of oil per day. Northern Oil holds a 10% working interest in the well.

-- The Arvid 1-35H well, located in Divide County, ND is operated by Continental Resources and produced from the Three Forks formation at an initial production rate of 360 barrels of oil per day. Northern Oil holds a 5% working interest in the well.

-- The EN-Hynek 155-93-0112H well, located in Mountrail County, ND is operated by Hess Corporation and produced from the Bakken formation at an initial production rate of 675 barrels of oil per day. Northern Oil holds a 3% working interest in the well.

-- The BL-Blanchard 155-96-1522H well, located in Williams County, ND is operated by Hess Corporation and produced from the Bakken formation at an initial production rate of 675 barrels of oil per day. Northern Oil holds a 2.5% working interest in the well.

-- The Oilers 1-10H well, located in Richland County, MT is operated by Crusader Energy and produced from the Three Forks formation at an initial production rate of 80 barrels of oil per day prior to final completion. Northern Oil holds a 7.5% working interest in the well.

With these most-recent ten completions, Northern Oil now holds working interest in 38 producing wells and has drilled with a 100% success rate in 2008.

Northern Oil is a working interest participant in an additional 21 wells currently drilling or completing in the North Dakota Bakken and Three Forks trend.
 


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