News & Videos - NORTHERN OIL AND GAS INC.

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company” or “NOG”) announced today that the New York Stock Exchange (“NYSE”) 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...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“NOG” or the “Company”) announced today that it plans to issue its earnings release with respect to fourth quarter and year-end 2021 financial and operating results on Friday, February 25, 2022, before the market opens. Additionally, the Company will host a conference call on Friday, February 25, 2022, at 9:00 a.m. Central Time. Those wishing to listen to the conference call may do so via phone or the Company’s webcast. Conference Call...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“NOG”) today announced that its Board of Directors has declared a cash dividend on the Company’s common stock in the amount of $0.14 per share, representing a 75% increase from the prior quarterly dividend. The dividend is payable on April 29, 2022, to stockholders of record as of the close of business on March 30, 2022. NOG additionally is providing a year-end 2021 balance sheet update. HIGHLIGHTS Cash dividend declared of $0.14 per share...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“NOG”) today announced the closing of its previously announced acquisition of non-operated Permian Basin assets from Veritas Energy. MANAGEMENT COMMENT “The Veritas acquisition caps an incredible twelve months for NOG,” commented Nick O’Grady, NOG’s Chief Executive Officer. “We have grown significantly, diversified into multiple basins, substantially de-levered the balance sheet, and instituted a meaningful shareholder return...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced a long-term base dividend growth plan. Details can be found in the presentation made available today on Northern’s website at https://www.northernoil.com/investors/company-information/presentations . MANAGEMENT COMMENT “Our base dividend growth plan should provide additional clarity to investors on our current plans,” commented Nick O’Grady, Northern’s Chief Executive Officer. “We are dedicated to...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced a management promotion and an addition to the Board of Directors. MANAGEMENT PROMOTION Northern’s Chief Operating Officer, Adam Dirlam, has been promoted effective immediately to serve as President. “During an incredibly transformational year for our company, it has become clear that Adam is ready and deserving of the role of President,” commented Nick O’Grady, Chief Executive Officer. “As we continue to...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) announced today that it has priced its previously announced underwritten public offering of 10,000,000 shares of its common stock, which includes 9,500,000 shares being offered by the Company and 500,000 shares being offered by Cresta Investments, LLC and Cresta Greenwood, LLC (collectively, the “Selling Stockholders”), at a price to the public of $20.00 per share (the “Offering”). The Company has granted the...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) announced today that it has commenced an underwritten public offering of 10,000,000 shares of its common stock (the “Offering”), which includes 9,500,000 shares being offered by the Company and 500,000 shares being offered by Cresta Investments, LLC and Cresta Greenwood, LLC (collectively, the “Selling Stockholders”). The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced that it has agreed to acquire substantially all of the non-operated Permian Basin assets (the “Assets”) owned by certain entities affiliated with Veritas Energy, LLC (“Veritas” or the “Seller”). PERMIAN BASIN ACQUISITION Northern has entered into a definitive agreement to acquire non-operated oil and gas properties located in the Delaware and Midland Basins for a cash purchase price of $406.5 million,...

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that its Board of Directors has declared a cash dividend on the Company’s common stock in the amount of $0.08 per share, representing a 78% increase from the prior quarterly dividend. The dividend is payable on January 31, 2022, to stockholders of record as of the close of business on December 30, 2021. MANAGEMENT COMMENT “Based on our confidence in the business outlook, the Board declared a dividend above our prior plan of...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) today announced that it has priced a private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers, of $200.0 million in aggregate principal amount of additional 8.125% senior notes due 2028 (the “Additional Notes”) at an offering price equal to 106.75% of par, plus accrued interest from September 1, 2021, representing a...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) today announced that it intends to offer for sale (the “Offering”) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers, $200.0 million in aggregate principal amount of additional 8.125% senior notes due 2028 (the “Additional Notes”). The Additional Notes will be issued under the same indenture as the notes issued by the...

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s third quarter results and provided updated 2021 guidance. MANAGEMENT COMMENTS “The third quarter again demonstrated Northern’s stellar business execution,” commented Nick O’Grady, Northern’s Chief Executive Officer. “We delivered record free cash flow yet again and closed a significant Permian acquisition in the third quarter. In October, we announced the signing of another meaningfully...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company” or “Northern”) today announced that the borrowing base under its reserves-based revolving credit facility has been increased to $850.0 million from $725.0 million. Northern has chosen to increase the elected commitment amount to $750.0 million from $660.0 million. The 14 lender syndicate unanimously approved the increase, effective as of November 3, 2021. No material changes were made to the terms of the credit facility....

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to third quarter 2021 financial and operating results on Friday, November 5, 2021, before the market opens. Additionally, the Company will host a conference call on Friday, November 5, 2021, 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 Webcast...

Northern Oil and Gas, Inc. (NYSE American: NOG): WILLISTON BASIN ACQUISITION Northern has entered into a definitive agreement to acquire non-operated interests across over 400 producing wellbores located primarily in Williams, McKenzie, Mountrail and Dunn Counties, ND for a purchase price of $154 million in cash, subject to typical closing adjustments. Northern expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under Northern’s revolving credit facility....

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s second quarter results. MANAGEMENT COMMENTS “This was one of the strongest operational and financial quarters on record for the Company,” commented Nick O’Grady, Northern’s Chief Executive Officer. “Year-to-date Northern has executed on several large bolt-on acquisitions and significantly improved its balance sheet. With the active management of our portfolio, we have driven substantial...

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that its Board of Directors has declared a cash dividend on the Company’s common stock in the amount of $0.045 per share, representing a 50% increase from the prior quarterly dividend. The dividend is payable on October 29, 2021, to stockholders of record as of the close of business on September 30, 2021. ABOUT NORTHERN OIL AND GAS Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated...

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced its total proved reserves at June 30, 2021, increased 106% from year-end 2020 to 252.3 million barrels of oil equivalent with an associated PV-10 value of $1.69 billion at SEC Pricing. These amounts are calculated under SEC guidelines relating to both commodity price assumptions and a maximum five year drill schedule. “This reserve report highlights the strength of Northern’s assets, as proved reserves grew 106% before any...

Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) today announced the expiration and final tender results of its previously announced cash tender offer (the “Offer”) for any and all of its outstanding 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”). The terms and conditions of the Offer and the Solicitation (as defined below) are set forth in the Company’s Offer to Purchase and Consent Solicitation Statement, dated as of February 3, 2021 (as it may be...