Northern Oil and Gas Inc.

Northern Oil and Gas Inc. announced today that it plans to issue its third quarter 2024 financial and operating results on Tuesday, November 5, 2024, after the market closes. Additionally, the Company will host a conference call on Wednesday, November 6, 2024, at 8:00 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 Details: Date [...]

Northern Oil and Gas Inc. closed its previously announced acquisition of Uinta Basin assets from XCL Resources, LLC on October 1, 2024. The closing included the assets previously owned by Altamont Energy, LLC . These transactions provide NOG with over a decade of Tier 1 inventory across ~15,800 net acres in the Uinta Basin with ~116 net underwritten undeveloped locations and additional exploration upside potential. NOG [...]

Northern Oil and Gas Inc. closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC , a Vortus Investments company, on September 20, 2024. NOG jointly acquired the assets with Vital Energy Inc. , which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a [...]

Northern Oil and Gas Inc. today announced that it has exercised its option to acquire a 20% undivided stake in the Altamont Assets in partnership with SM for a purchase price, net to NOG, of $17.5 million in cash, subject to customary closing adjustments. The Acquired Assets are located primarily in Uintah and Duchesne Counties, Utah and include approximately 6,500 net acres. NOG's initial estimates are for approximately [...]

Northern Oil and Gas Inc. today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.42 per share, representing an 11% increase year-over-year and 5% sequential increase from the prior quarterly dividend. The dividend is payable on October 31, 2024, to stockholders of record as of the [...]

Northern Oil and Gas Inc. today announced the Company's second quarter results. MANAGEMENT COMMENTS "NOG's results continue to underscore its role as the definitive national working interest franchise, diversified by region and commodity mix, with low leverage, strong free cash flow, and growing cash returns," commented Nick O'Grady, NOG's Chief Executive Officer. "Our cash flow and production are at record levels, and we [...]

Northern Oil and Gas Inc. provided a shareholder return update. SHAREHOLDER RETURN UPDATE NOG repurchased 895,076 shares of common stock during the second quarter of 2024 at an average price, inclusive of commissions, of $38.96 per share. During the first half of 2024, the Company repurchased 1,444,432 shares at an average price, inclusive of commissions, of approximately $37.99 per share. In total, the Company has [...]

Northern Oil and Gas Inc. today announced that it has entered into a definitive agreement to acquire a 20% undivided stake in the Point Assets in the Delaware Basin, in partnership with Vital Energy Inc., for a purchase price net to NOG of $220.0 million in cash, subject to typical closing adjustments. The Acquired Assets are primarily located in Ward County, Texas and include approximately 4,000 net leasehold and mineral [...]

Northern Oil and Gas Inc. announced today that it plans to issue its second quarter 2024 financial and operating results on Wednesday, July 30, 2024, after the market closes. Additionally, the Company will host a conference call on Thursday, July 31, 2024, at 8:00 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 Details: Date: July [...]

SM Energy Company today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC , a private company backed by EnCap Investments L.P. and Rice Investment Group , for an unadjusted purchase price of $2.55 billion. Concurrently, Northern Oil and Gas Inc. will acquire an undivided twenty percent of the oil and gas assets of XCL [...]