Northern Oil and Gas Inc.

Northern Oil and Gas Inc. today announced that it has closed on the previously announced W Energy Partners acquisition, which is the largest acquisition in Northern’s history. The acquired assets consist of approximately 27.2 net producing wells and 5.9 net wells in progress, as well as approximately 10,633 core net acres in North Dakota, which the company estimates will provide approximately 51.9 net future [...]

Northern Oil and Gas Inc. today announced that it has priced its previously announced private placement under Rule 144A and Regulation S of the Securities Exchange Act of 1933, as amended , to eligible purchasers of $350 million in aggregate principal amount of additional 8.50% Senior Secured Second Lien Notes due 2023 at an offering price equal to 104% of par. The Company intends to use the net proceeds from this [...]

Northern Oil and Gas Inc. today announced that it has entered into the First Supplemental Indenture to the indenture governing its 8.50% Senior Secured Second Lien Notes due 2023 . As previously announced, Northern received the requisite consents to enter into the First Supplemental Indenture on September 17, 2018. The First Supplemental Indenture, among other things, amends the Indenture to incorporate customary [...]

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 Exchange Act of 1933, as amended , to eligible purchasers, $350 million in aggregate principal amount of additional 8.50% Senior Secured Second Lien Notes due 2023 . The Company intends to use the net proceeds from this private placement to repay borrowings outstanding under [...]

Northern Oil and Gas Inc. today announced that it has closed on the previously announced Pivotal Petroleum Partners acquisition. MANAGEMENT COMMENT “Closing this highly accretive acquisition will drive free cash flow generation and strengthen our production base,” commented Northern’s Chief Executive Officer, Brandon Elliott. “This transaction serves to benefit all stakeholders by simultaneously [...]

Northern Oil and Gas Inc. today announced the successful completion of its previously announced consent solicitation with respect to its outstanding 8.50% senior secured second lien notes due 2023 . In addition, Northern has entered into two final, separately negotiated exchange agreements with institutional holders of its 8% senior unsecured notes due 2020, representing further debt reduction of $23.4 million in exchange [...]

Northern Oil and Gas Inc. today announced that preliminary production for July and August, 2018 averaged in excess of 25,000 barrels of oil equivalent per day, substantially ahead of the Company’s prior guidance of 23,000 – 24,000 Boe per day for the third quarter of 2018. This production does not reflect the Company’s pending acquisitions from Pivotal Petroleum Partners and W Energy Partners, both of [...]

Northern Oil and Gas Inc. announced today the commencement of a consent solicitation to solicit the consent of holders of its outstanding Senior Secured Second Lien Notes due 2023 for amendments to the indenture governing the Senior Secured Notes and the related intercreditor agreement . In addition, Northern has engaged RBC Capital Markets as Left Lead Arranger, Bookrunner and Administrative Agent on a proposed $425 [...]

Northern Oil and Gas Inc. today announced 2018 second quarter results and increased the company’s full-year 2018 production guidance. HIGHLIGHTS Raising full year 2018 production guidance; expect average daily production to increase by 60 - 64% over 2017. Second quarter production exceeded expectations, increasing 53% year-over-year and 17% sequentially to average 21,046 barrels of oil equivalent per day. Exited the [...]

Northern Oil and Gas Inc. today announced that it has entered into two additional independent, separately negotiated exchange agreements with holders of its 8% senior unsecured notes due 2020 . Together the agreements represent a debt reduction of $13.5 million par value of Notes. Through these and other recently announced exchanges since the beginning of June 2018, Northern has entered into agreements to retire $77.2 [...]