Northern Oil and Gas Inc.

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, NOG entered into an amendment to the Facility that will increase the borrowing base to $1.8 billion and increase the elected commitment amount to $1.25 billion . The amendment will go into effect upon NOG's closing of the [...]

Northern Oil and Gas Inc. today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company is also providing a framework for setting future dividend policy. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.38 per share, representing a ~3% increase from the prior quarterly dividend. The dividend is payable on October 31, 2023 [...]

We are pleased to be hosting the Northland Capital Markets Institutional Investor Conference 2023 on Tuesday September 19, 2023, at the Minneapolis Marriott City Center, Downtown Minneapolis. We have over 90 companies to participating. The format will be 10 one-on-one meetings scheduled in 35 minute increments. Registration Link: Northland Institutional Investor Conference 2023 We have a growing list with over 90 [...]

Northern Oil and Gas Inc. today provided an update to 2023 guidance and a preliminary second quarter financial and operational update. UPDATED GUIDANCE NOG is updating guidance for full year 2023 to reflect the following: Increase to production estimates reflecting better than expected well performance, contributions from the Forge and Novo acquisitions, and adjustments for certain changes to drilling and completion plans [...]

Northern Oil and Gas Inc. announced today that it plans to issue its second quarter 2023 financial and operating results on Wednesday, August 2, 2023, after the market closes. Additionally, the Company will host a conference call on Thursday, August 3, 2023, at 7:30 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 Details: Date [...]

Northern Oil and Gas Inc. closed its previously announced acquisition of Delaware Basin assets from Forge Energy II Delaware, LLC, an EnCap portfolio company , on June 30, 2023. NOG jointly acquired the assets with Vital Energy Inc. , which will become the operator of the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year [...]

Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire a 33.33% undivided stake in the Novo Assets in partnership with Earthstone Energy Inc. for a purchase price, net to NOG, of $500.0 million in cash, subject to customary closing adjustments. The Acquired Assets are primarily located in Eddy County, New Mexico and eastern Culberson County, Texas and include approximately [...]

Northern Oil and Gas Inc. announced today that it has priced its previously announced underwritten public offering of 6,650,000 shares of its common stock for gross proceeds of approximately $199.5 million . The Company has granted the underwriters a 30-day option to purchase up to an additional 997,500 shares from the Company. The Offering is expected to close on May 18, 2023, subject to the satisfaction of customary [...]

Northern Oil and Gas Inc. announced today an underwritten public offering of 6,650,000 shares of its common stock . Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 997,500 shares from the Company. The Company intends to use the net proceeds from the Offering to fund the cash purchase price of the Company's recently announced pending acquisition of certain oil and gas [...]

Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire a 30% undivided stake in the Forge Assets in the Delaware Basin, in partnership with Vital Energy Inc., for a purchase price net to NOG of $162.0 million in cash, subject to typical closing adjustments. The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres [...]