Northern Oil and Gas Inc. today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility . In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Markets [...]
Northern Oil and Gas Inc. today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 12.5% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on July 31, 2025, to stockholders of record as of the close of business on [...]
Northern Oil and Gas Inc. today announced the Company's first quarter results. MANAGEMENT COMMENTS "The first quarter highlighted the strengths of NOG's business model and strategic decisions," commented Nick O'Grady, NOG's Chief Executive Officer. "We continue to improve our margins, generate prodigious free cash flow, reduce leverage and add value through shareholder returns and Ground Game acquisitions. The inherent [...]
Northern Oil and Gas Inc. announced today that it published its Environmental, Social and Governance Report for the year ended December 31, 2024. The report is available on the Company's website under the Sustainability section, in addition to prior year reports. Highlights from the 2024 Report include the publication of a formal ESG Policy, and the implementation of an ESG Risk and Control Matrix and a GHG Inventory [...]
Northern Oil and Gas Inc. today provided an update regarding first quarter hedging results and shareholder returns. HEDGING UPDATE Unrealized mark-to-market gains on derivatives for the first quarter were an estimated $9.0 - $10.0 million, driven primarily by changes to the value of the Company's oil derivatives portfolio. Realized hedge gains were an estimated $11.0 - $12.0 million, primarily driven by the Company's [...]
Northern Oil and Gas Inc. announced today that it plans to issue its first quarter 2025 financial and operating results on Tuesday, April 29, 2025, after the market closes. In connection with its earnings release, NOG will host a conference call and webcast to discuss its financial results at 8:00 a.m. Central Time on April 30, 2025. Those wishing to listen to the conference call may do so via phone or the Company's [...]
Northern Oil and Gas Inc. , a leading Non-Operating E&P company today announced that Nick O'Grady, Chief Executive Officer will be presenting at the Raymond James 46th Annual Institutional Investors conference on March 4, 2025, at 10:25 a.m. ET. A live webcast of the event can be accessed from the Investor Relations, Events and Presentations tab on our website or through the following link [...]
Northern Oil and Gas Inc. today announced a fourth quarter 2024 operations update and is providing initial 2025 capital and production guidance. HIGHLIGHTS Production estimated to have been 131.0 - 132.0 MBoe per day for the fourth quarter, putting NOG toward the high end of annual total production guidance Significant elective Ground Game and leasehold acquisitions totaling $27 million in the fourth quarter Fourth [...]
Northern Oil and Gas Inc. declared its first quarter common stock dividend and provided an update regarding fourth quarter share repurchases. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share for the first quarter of 2025, representing a 12.5% increase year over year and a 7% increase from the prior quarter. The dividend is payable on April 30, 2025, to [...]
Northern Oil and Gas Inc. announced today that it plans to issue its fourth quarter and year-end 2024 financial and operating results on Wednesday, February 19, 2025, after the market closes. Additionally, the Company will host a conference call on Thursday, February 20, 2025, at 8:00 a.m. Central Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. Conference Call and Webcast [...]
Northern Oil and Gas Inc. has a policy on not responding to acquisition rumors, however the Company believes that today's article regarding NOG's potential acquisition of Granite Ridge Resources requires a response. As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses in order to [...]