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Northern Oil and Gas, Inc.

Company Summary

Description

Northern Oil and Gas, Inc. (NYSE MKT: NOG) is the leading non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. The foundation of the Company’s success is the long-term relationships it has built in the Williston Basin with premier operators and land owners. Northern has targeted areas in the Williston Basin where activity levels are the highest and offers the highest rates of return on oil drilling projects.

Website

http://www.northernoil.com/

Operational Regions

  • Bakken
  • Three Forks Formation
  • Williston Basin

Financial Data:

AMEX:NOG from Google Finance

Tickers:

  • NOG - American Stock Exchange

Recent news

  • 11/5/2020 - Northern Oil & Gas... (subscriber access)
  • 11/5/2020 - Northern Oil & Gas... (subscriber access)
  • 9/21/2020 - Northern Oil & Gas... (subscriber access)
  • 9/21/2020 - Northern Oil & Gas... (subscriber access)
  • 9/21/2020 - Northern Oil & Gas... (subscriber access)

Investor Presentations

  • 2Q19 Investor Presentation
  • 1Q19 Earnings Presentation (subscriber access)
  • 4Q18 Presentation (subscriber access)
  • December Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 4Q17 Investor Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • 2Q17 Earnings Presentation (subscriber access)
  • 1Q17 Investor Presentation (subscriber access)
  • April 2016 IPAA OGIS Presentation (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • July 2016 Investor Presentation (subscriber access)

Company Transactions

Date: 9/30/2020
Type: Acquisition

DETAILS:

COST: 3.2 $MM

ACRES: 400 Acres

NOTES:
Northern Oil & Gas has entered into several agreements to acquire a net 400 acres in the Williston Basin with 0.7 net producing wells and 1.9 net wells in process. Most wells on the acreage will come online in the summer of 2021, and the acquisition cost of $3.2 million + 2.95MM shares is within their current capital spending guidance. Assuming DAPL is in full operation for 12-months, sellers will be granted a further 450,000 shares.
REGIONS:
  • Williston Basin
  • Date: 7/1/2020
    Type: Acquisition

    SELLERS:
  • WPX Energy, Inc.
  • DETAILS:

    COST: 1.5 $MM

    VOLUMES: 1.2 MBOE/d

    ACRES: 320 Acres

    NOTES:
    Northern Oil & Gas has announced the bolt-on acquisition of 320-acres in the Williston Basin from WPX Energy for a cash cost of $1.5 million.
    REGIONS:
  • Williston Basin
  • Date: 7/2/2019
    Type: Acquisition

    DETAILS:

    VOLUMES: 6.6 MBOE/d

    ACRES: 18000 Acres

    NOTES:
    Northern Oil and Gas, Inc. entered into a definitive agreement to acquire the Williston Basin properties of Flywheel Energy. The assets to be acquired (the “Assets”) are expected to produce approximately 6,600 barrels of oil equivalent (“Boe”) per day (2-stream) during the second half of 2019 and consist of approximately 18,000 net acres containing 86.9 net producing wells, 2.7 net wells in process, and 47.5 net undrilled locations across the heart of the Williston Basin.
    REGIONS:
  • Williston Basin
  • Date: 1/1/2019
    Type: Acquisition

    DETAILS:

    COST: 15 $MM

    ACRES: 8465 Acres

    NOTES:
    Northern Oil and Gas cited that during the fourth quarter of 2018 and early 2019, they have acquired 1.0 net producing well, 3.3 net wells in process, and 8,465 net acres
    REGIONS:
  • Williston Basin
  • Date: 9/30/2018
    Type: Acquisition

    DETAILS:

    COST: 288 $MM

    VOLUMES: 6.75 MBOE/d

    ACRES: 10600 Acres

    NOTES:
    Northern will pay $100 million in cash and 56.37 million shares of common stock to W Energy as part of the deal.
    REGIONS:
  • Williston Basin
  • Date: 9/18/2018
    Type: Acquisition

    DETAILS:

    COST: 151.4 $MM

    VOLUMES: 4.1 MBOE/d

    NOTES:
    The asset package is being bought for $68.4 million in cash and 25.75 million shares of common stock. Northern Oil & Gas expects the assets to generate $56 million in cash flow over the next 12-months, and they have entered into hedging agreements on the new volumes.
    REGIONS:
  • Williston Basin
  • Date: 8/1/2018
    Type: Acquisition

    DETAILS:

    COST: 5 $MM

    VOLUMES: 165 BOE/d

    ACRES: 1900 Acres

    REGIONS:
  • Williston Basin
  • Date: 6/7/2018
    Type: Acquisition

    DETAILS:

    COST: 40 $MM

    VOLUMES: 1.3 MBOE/d

    ACRES: 1319 Acres

    REGIONS:
  • Williston Basin