Northern Oil and Gas Inc.

Northern Oil and Gas Inc. today announced that it has exercised in full its mandatory conversion rights on its outstanding 6.500% Series A Perpetual Convertible Preferred Stock . The outstanding shares of Preferred Stock will automatically convert to shares of the Company's common stock, $0.001 par value , on November 15, 2022 . Holders of the Preferred Stock will receive 4.4878 shares of Common Stock and a cash payment [...]

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 $0.30 per share, representing a 20% increase from the prior quarterly dividend. The dividend is payable on January 31, 2023, to stockholders of record as of the close of business on December 29, 2022. SHAREHOLDER RETURN UPDATE During the third quarter and October 2022, the [...]

Northern Oil and Gas Inc. announced today that it plans to issue its earnings release with respect to third quarter 2022 financial and operating results on Tuesday, November 8, 2022, after the market closes. Additionally, the Company will host a conference call on Wednesday, November 9, 2022, 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. today announced an agreement to acquire properties in the core of the Midland Basin. MIDLAND BASIN ACQUISITION NOG has entered into a definitive agreement to acquire a 36.7% working interest in the Mascot Project from Midland-Petro D.C. Partners, LLC for a purchase price of $330 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand [...]

Northern Oil and Gas Inc. today announced the pricing of its offering of $435.0 million aggregate principal amount of 3.625% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . The offering size was increased from the previously announced offering size of $350 million aggregate principal amount of notes. The issuance [...]

Northern Oil and Gas Inc. today announced its intention to offer, subject to market and other conditions, $350,000,000 aggregate principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . The Company also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a [...]

Northern Oil and Gas Inc. today announced the acquisition of Northern Delaware Basin properties. DELAWARE BASIN ACQUISITION NOG has entered into a definitive agreement to acquire certain non-operated interests in the Delaware Basin from a private seller for a purchase price of $130.0 million in cash, subject to typical closing adjustments. The acquired assets are located in Lea and Eddy Counties, New Mexico and Loving and [...]

Northern Oil and Gas Inc. today announced the closing of a previously announced acquisition and provided a shareholder return update. MIDLAND BASIN ACQUISITION On October 3, 2022, NOG closed its previously announced acquisition of non-operated properties in the Midland Basin. The closing settlement was $110.1 million in cash, which includes a $11.0 million deposit paid at signing in August 2022. The closing cash [...]

Northern Oil and Gas Inc. : DELAWARE BASIN ACQUISITION NOG has entered into a definitive agreement to acquire certain non-operated interests in the Delaware Basin from Alpha Energy Partners for an initial purchase price of $157.5 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under NOG's revolving credit facility. NOG [...]

Northern Oil and Gas Inc. today announced that it has entered into an agreement to acquire properties in the Midland Basin. MIDLAND BASIN ACQUISITION NOG has entered into a definitive agreement to acquire non-operated interests in the Midland Basin for a purchase price of $110 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand, operating free cash flow and [...]