From Business Wire Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together the agreements represent a debt reduction of $20,950,000 par value of Notes. In the first exchange for the Notes, for
From Business NewsWire Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that Roy “Ernie” Easley, Senior Vice President – Exploration and Development of CH4 Energy, has been appointed to Northern’s board of directors. “The entire board joins me in welcoming Ernie to Northern’s board of directors,” commented Northern’s Chairman, Bahram Akradi. “Ernie brings 38 years of extensive oil
Northern Oil and Gas, Inc. Announces Pricing of Public Offering of Common Stock
Northern Oil and Gas, Inc. (ticker: NOG) expects its Q1 2018 average daily production to increase by 5% to 6% over fourth quarter 2017 – a sequential increase of nearly 1,000 BOEPD. In a similar vein, Northern will be raising its full year 2018 production guidance, and the company is now expecting average daily production to increase by 18% to
Concho Resources Inc. (ticker: CXO) produced 19 MMBOE in Q4 2017, an average of 211 MBOEPD. This is 28% more than Q4 2016 and 9% more than Q3 2017. Average daily crude oil production for fourth-quarter 2017 totaled 130 MBOPD, an increase of approximately 30% from fourth-quarter 2016 and 9% from third-quarter 2017. Natural gas production for fourth-quarter 2017 totaled
Northern Oil & Gas Breakout Notes Brandon Elliot, executive vice president of Northern Oil and Gas, Inc., (ticker: NOG) presented today at EnerCom’s The Oil & Gas Conference® 22. Northern Oil and Gas is an E&P company producing mainly out of the Williston basin. The company is further utilizing enhanced completions with the intent of growing its production. During Q2,
Four presenters at EnerCom’s 22nd The Oil & Gas Conference® announced earnings and operational updates for Q2. Northern Oil and Gas Northern Oil and Gas (ticker: NOG) said that its average production had grown 4% from the first quarter to the second, up to 13,794 BOEPD. The company produced a total of 1,255,280 BOE over the course of the quarter.
Northern Oil and Gas, Inc. (ticker: NOG) reported a cumulative production of 1,196,924 BOE, at an average rate of 13,299 BOEPD during Q1, 2017 out of its Williston acreage, where it holds approximately 155,000 net acres. Through the remainder of 2017, the company believes it will add 12 net wells to its production on a capital budget of $102.2 million.
Northern anticipates more production growth in 2H 2017 Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD. Northern’s business model is as a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. Northern operates under a capital allocation model that calls
