Northern Oil & Gas presents at EnerCom’s The Oil & Gas Conference®
Northern Oil & Gas (ticker: NOG) is a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. 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.
Q2 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 second quarter with 16.4 net wells in process after adding 8.1 organic net wells to production.
- Announced $500 million in signed acquisitions year-to-date using a combination of cash and equity, which Northern expects to fold into its existing asset base without the addition of new employees.
Breakout session at the EnerCom conference
During Northern Oil & Gas’s breakout session at the 2018 EnerCom conference, management was asked the following questions:
- You mentioned that your three acquisitions increased revenue by 50%. What effect did that have on your shares?
- Can you please explain your hedge strategy and perhaps throw more light on the points raised during your presentation.
- Since you are non-operating, do you maintain any environmental liability?
You can listen to Northern Oil & Gas’s presentation here.
