Northern Oil and Gas Inc.

Northern Oil and Gas Inc. 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 , at a price to the public of $20.00 per share . The Company has granted the underwriters a 30-day option to purchase up [...]

Northern Oil and Gas Inc. announced today that it has commenced an 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 . The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares from the Company. The [...]

Northern Oil and Gas Inc. today announced that it has agreed to acquire substantially all of the non-operated Permian Basin assets owned by certain entities affiliated with Veritas Energy, LLC . 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, subject to typical [...]

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 $0.08 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 [...]

Northern Oil and Gas Inc. today announced that it has priced a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended , to eligible purchasers, of $200.0 million in aggregate principal amount of additional 8.125% senior notes due 2028 at an offering price equal to 106.75% of par, plus accrued interest from September 1, 2021, representing a yield to worst of 6.31%. The Additional Notes [...]

Northern Oil and Gas Inc. today announced that it intends to offer for sale in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended , to eligible purchasers, $200.0 million in aggregate principal amount of additional 8.125% senior notes due 2028 . The Additional Notes will be issued under the same indenture as the notes issued by the Company on February 18, 2021 and will form a [...]

Northern Oil and Gas Inc. 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 [...]

Northern Oil and Gas Inc. 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 [...]

Northern Oil and Gas Inc. 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 [...]

Northern Oil and Gas Inc. : 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 [...]