Northern Oil and Gas Inc.

Northern Oil and Gas Inc. today announced the Company's first quarter results. MANAGEMENT COMMENTS "NOG has started 2024 in a powerful way, with strong well performance and better than expected cash flow and production," commented Nick O'Grady, NOG's Chief Executive Officer. "Our assets continue to perform exceptionally well, and we took advantage of market opportunities to repurchase shares at attractive prices during [...]

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 leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion . In addition, JP Morgan Chase Bank, Mizuho Bank and Comerica [...]

Northern Oil and Gas Inc. today provided an update regarding first quarter hedging results and stock repurchases. HEDGING UPDATE The Company periodically enters into derivative agreements to hedge a portion of its commodity pricing exposure. For the first quarter of 2024, realized gains on derivatives are expected to be $19.1 million. Unrealized mark-to-market losses on derivatives are expected to be $146.2 million for [...]

Northern Oil and Gas Inc. announced today that it plans to issue its first quarter 2024 financial and operating results on Tuesday, April 30, 2024, before the market opens. In connection with its earnings release, NOG will host a conference call and webcast to discuss its financial results at 9:00 a.m. Central Time on April 30, 2024. Those wishing to listen to the conference call may do so via phone or the Company's [...]

Northern Oil and Gas Inc. announced today that it published its Environmental, Social and Governance Report for the year ended December 31, 2022. The report highlights NOG's commitment to enhancing its ESG reporting standards and numerous initiatives to advance its ESG program. "NOG holds a unique place in the E&P world as a non-operator," commented Nick O'Grady, NOG's Chief Executive Officer. "While we do not control [...]

Northern Oil and Gas Inc. , a leading Non-Operating E&P company, today announced that Nick O'Grady, Chief Executive Officer will participate in a fireside chat at the Raymond James 45th Annual Institutional Investors conference on March 5, 2024, at 9:50 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 the company's fourth quarter and full year 2023 results and provided 2024 guidance. MANAGEMENT COMMENTS "NOG closed out 2023 in record fashion," commented Nick O'Grady, NOG's Chief Executive Officer. "Our oil and total volumes grew to all-time highs and we generated record cash flow from operations, while we saw our leverage levels decline meaningfully year over year, even in a [...]

Northern Oil and Gas Inc. today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance. HIGHLIGHTS Fourth quarter 2023 production estimated to be 114.4 Mboe per day, resulting in annual production toward the high end of NOG's guidance range Executed on $25 million of opportunistic Ground Game acquisitions in the fourth quarter Initiating [...]

Northern Oil and Gas Inc. today announced the declaration of a dividend on the Company's common stock and provided an update on current hedging positions. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.40 per share, the planned quarterly level for 2024 as previously disclosed. The dividend is payable on April 30, 2024, to stockholders of record as of the close of business on [...]

Northern Oil and Gas Inc. has now closed on both of its previously announced acquisitions of Utica and Northern Delaware Basin assets from private sellers. NOG paid $162.6 million in cash in aggregate initial closing settlements, with $28.4 million of the closing costs incurred in the fourth quarter of 2023 and the remaining $134.2 million in the first quarter of 2024. The first quarter closings were funded in part by a [...]