Northern Oil and Gas Inc.

Northern Oil and Gas Inc. today announced 2018 second quarter results and increased the company’s full-year 2018 production guidance. HIGHLIGHTS Raising full year 2018 production guidance; expect average daily production to increase by 60 - 64% over 2017. Second quarter production exceeded expectations, increasing 53% year-over-year and 17% sequentially to average 21,046 barrels of oil equivalent per day. Exited the [...]

Northern Oil and Gas Inc. today announced that it has entered into two additional independent, separately negotiated exchange agreements with holders of its 8% senior unsecured notes due 2020 . Together the agreements represent a debt reduction of $13.5 million par value of Notes. Through these and other recently announced exchanges since the beginning of June 2018, Northern has entered into agreements to retire $77.2 [...]

Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to second quarter 2018 financial and operating results on Thursday, August 9, 2018 before the market opens. Additionally, the Company will host a conference call on Thursday, August 9, 2018 at 11:00 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. announced today that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent per day of production and 10,600 net acres in the core of the Williston Basin. Total consideration at closing will consist of $100 million in cash and 56.37 million [...]

Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire significant production in North Dakota, currently producing over 4,100 barrels of oil equivalent per day. The asset, primarily a large package of producing wells, is being acquired from Pivotal Petroleum Partners , a portfolio company of funds managed by Tailwater Capital LLC. Total consideration at closing will consist of [...]

Northern Oil and Gas Inc. today announced that it has entered into an additional independent, separately negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020 . The agreement represents a debt reduction of $9,943,000 par value of Notes. Through this and other recently announced exchanges, Northern has now entered into agreements to retire $63,700,000 of its remaining Notes [...]

Northern Oil and Gas Inc. today announced it is realigning executive job responsibilities in an effort to optimize the daily management of the company and better position the company to capitalize on growth opportunities. Mike Reger, Northern’s founder and current CEO, will assume the title of President, effective July 5, 2018, and will focus his extensive knowledge of the Williston Basin solely on acquisition [...]

Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire producing assets in the Williston Basin of North Dakota. Separately, Northern has entered into another negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020 . HIGHLIGHTS Acquisition includes current estimated production of 165 barrels of oil equivalent per day and over 1,900 [...]

Northern Oil and Gas Inc. today announced that it has entered into two additional independent, separately negotiated exchange agreements with institutional holders of its 8% senior unsecured notes due 2020 . Together the new agreements represent a debt reduction of $22,807,000 par value of Notes. Combined with the exchange transactions announced last week, Northern has now entered into agreements to retire $43,757,000 of [...]

Northern Oil and Gas Inc. today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders of its 8% senior unsecured notes due 2020 . Together the agreements represent a debt reduction of $20,950,000 par value of Notes. In the first exchange for the Notes, for $18,000,000 of par value, Northern will issue 6.53 million shares of common stock to the Investor. In [...]