Northern Oil and Gas Inc. today announced that it has closed a negotiated agreement with the holder of its outstanding equity warrants issued in the Reliance Marcellus acquisition to cancel such Warrants in exchange for shares of NOG common stock, on a cashless basis. Additionally, NOG announced that it has repurchased shares of its common stock, additional shares of its 6.5% Series A Convertible Preferred Stock and [...]
Northern Oil and Gas Inc. today announced that it has entered into an acquisition agreement in the Williston Basin and provided additional updates on operations and guidance. WILLISTON BASIN ACQUISITION NOG has entered into a definitive agreement to acquire non-operated interests in the Williston Basin for an initial purchase price of $170 million in cash, subject to typical closing adjustments. The Seller may earn an [...]
Northern Oil and Gas Inc. today announced that on June 7, 2022, it entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells Fargo, as administrative agent, and a syndicate of 14 lenders. The borrowing base under the facility has been increased to $1.3 billion from $850.0 million. The facility maturity has been extended from November 2024 to June 2027. NOG has [...]
Northern Oil and Gas Inc. today announced the company's first quarter results and provided updated 2022 guidance. MANAGEMENT COMMENTS "Our accretive acquisitions of high quality properties over the last year are translating into record results," commented Nick O'Grady, NOG's Chief Executive Officer. "Record Adjusted EBITDA, Free Cash Flow and production were all achieved in the first quarter as our new properties have [...]
Northern Oil and Gas Inc. today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.19 per share, representing a 36% increase from the prior quarterly dividend. The dividend is payable on July 29, 2022, to stockholders of record as of the close of business on June 29, 2022. management has updated its third quarter dividend recommendation to the Board of [...]
EnerCom Denver - The Energy Investment Conference will celebrate its 27th year of bringing a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 7-10, 2022 EnerCom Inc today announced registration is open for EnerCom Denver - The Energy Investment Conference. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community [...]
Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to first quarter 2022 financial and operating results on Thursday, May 5, 2022, after the market closes. Additionally, the Company will host a conference call on Friday, May 6, 2022, at 10:00 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 [...]
Northern Oil and Gas Inc. today announced an updated long-term base dividend growth plan. Details can be found in the presentation made available today on NOG's website at https://www.northernoil.com/investors/company-information/presentations. management has updated its recommended long-term base dividend plan to increase planned growth in 2022 and 2023. Quarterly dividend growth is now expected to average 23% through [...]
Investment conference will be an in-person format with presentations and panel discussions on April 6-7 in Dallas at the Petroleum Club EnerCom, Inc. announces participating companies for the EnerCom Dallas Energy Investment & ESG Conference on April 6-7, 2022. EnerCom Dallas is a financial conference that allows institutional investors an early 2022 opportunity to meet management teams from leading energy companies and [...]
Northern Oil and Gas Inc. today announced the company's fourth quarter and full year 2021 results. MANAGEMENT COMMENTS "2021 was a truly transformational year for NOG," commented Nick O'Grady, NOG's Chief Executive Officer. "We enter 2022 with a stronger asset base and balance sheet, and with a formalized plan of increasing shareholder returns. We are an increasingly diversified, balanced business, with opportunities to [...]
Northern Oil and Gas Inc. announced today that it has changed the timing of its previously announced earnings conference call. The Company will now host a conference call to discuss its earnings release with respect to fourth quarter and year-end 2021 financial and operating results on Friday, February 25, 2022, at 8:00 a.m. Central Time. 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 the New York Stock Exchange has approved the transfer of the listing of the Company's common stock from the NYSE American to the NYSE. Effective at the opening of trading on February 17, 2022, the common stock of the Company will cease trading on the NYSE American and will commence trading on the NYSE, remaining under the symbol "NOG." MANAGEMENT COMMENT "Uplisting to the [...]