Northern Oil and Gas Inc. today announced the company’s first quarter results and provided updated 2019 guidance. First quarter 2019 production totaled 3.1 million Boe and averaged 34,598 Boe per day, a 92% increase from the prior year. Oil and gas sales in the first quarter increased 53% from the prior year to $132.7 million. Net income in the first quarter was a loss of $107.2 million or $0.29 per diluted share [...]
Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to first quarter 2019 financial and operating results on Thursday, May 9, 2019 after the market closes. Additionally, the Company will host a conference call on Friday, May 10, 2019 at 9:00 a.m. Central Time. Those wishing to listen to the conference call may do so via the Company’s website www.northernoil.com or by [...]
Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC . Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC , a portfolio company of the Kayne Private Energy Income Funds. The assets to be acquired are expected to produce approximately 6,600 barrels of oil equivalent per day during the second half of 2019 and consist [...]
Northern Oil and Gas Inc. today announced that Brandon Elliott, Chief Executive Officer, is scheduled to present at IPAA’s OGIS in New York, New York on Tuesday, April 9, 2019 at 11:05 a.m. EDT. Webcast and presentation material can be found on the Company’s website, www.northernoil.com. Northern Oil and Gas Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken [...]
Northern Oil and Gas Inc. today announced the company’s fourth quarter and full year 2018 results and provided updated 2019 guidance. Fourth quarter 2018 production increased 117% from the prior year and 36% from the prior quarter to 3.34 million Boe. Average realized oil price per barrel was down 5% from the prior year and down 25% sequentially. Oil and gas sales in the fourth quarter increased 111% from the prior [...]
Northern Oil and Gas Inc. today announced its total proved reserves at December 31, 2018 increased 79% to 135.5 million barrels of oil equivalent with an associated PV-10 value of $2.18 billion . Reserves are calculated under SEC guidelines relating to both commodity price assumptions and a maximum five year drill schedule. Northern’s proved reserves are located entirely in the Williston Basin in North Dakota and [...]
Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to fourth quarter and year-end 2018 financial and operating results on Tuesday, March 12, 2019 before the market opens. Additionally, the Company will host a conference call on Tuesday, March 12, 2019 at 10:00 a.m. Central Time. Those wishing to listen to the conference call may do so via the Company’s website [...]
Northern Oil and Gas Inc. today announced initial activity under its previously announced stock repurchase program and provided a general business update, including updated fourth quarter estimates and hedging information. Management will be meeting with investors in several cities over the coming weeks. OPERATIONS Completion activity for the quarter was in line with expectations. The company added 7.7 organic net wells [...]
Northern Oil and Gas Inc. today announced that it will be participating in the following upcoming conferences: Cowen 8th Annual Energy & Natural Resources Conference December 4 - 5, 2018, New York City, NY Capital One Securities 13th Annual Energy Conference December 4 - 6, 2018, New Orleans, LA JP Morgan Global High Yield & Leveraged Finance Conference February 25 - 27, 2019, Miami Beach, FL An updated investor [...]
Northern Oil and Gas Inc. today announced that third quarter 2018 production averaged 26,708 barrels of oil equivalent per day, totaling 2,457,119 Boe, comprised of 84% crude oil. Third quarter 2018 net income increased to $19.0 million, or $0.06 per diluted share, compared to a loss of $16.1 million, or per diluted share in the third quarter of 2017. Third quarter 2018 adjusted net income increased to $34.5 million, or [...]
Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to third quarter 2018 financial and operating results on Thursday, November 8, 2018 after the market closes. Additionally, the Company will host a conference call on Friday, November 9, 2018 at 9:00 a.m. Central Time. Those wishing to listen to the conference call may do so via the Company’s website www.northernoil.com [...]
Northern Oil and Gas Inc. today announced the retirement of the remainder of its 8% Senior Unsecured Notes due 2020. Northern’s next dated maturity is for its Senior Secured Second Lien Notes, due May 2023. In addition, Northern is pleased to provide updated financial information after closing on its recent acquisitions and refinancing transactions. Northern is also providing updated hedging information. HIGHLIGHTS [...]