Northern Oil and Gas announced that it has entered a Joint Development Program with one of Appalachia’s most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment from NOG expected not to exceed $160 million for a 15% working interest.
Oil and gas producers in the Utica and Marcellus shale plays are expected to boost output in July, according to the latest report from the U.S. Energy Information Administration.