Welcome to our dedicated page for Northern Oil and Gas news (Ticker: NOG), a resource for investors and traders seeking the latest updates and insights on Northern Oil and Gas stock.
Northern Oil and Gas, Inc. reports developments tied to its strategy of acquiring and investing in non-operated minority working and mineral interests in hydrocarbon-producing basins within the contiguous United States. Company updates commonly cover oil and natural gas production, commodity-price hedging, lease operating costs, capital expenditures and cash flow measures.
Recurring news also includes acquisitions of upstream and midstream assets, ground game transactions that add acreage and wells, common-stock dividends, equity offerings and other capital actions. Basin exposure includes areas such as the Williston, Permian, Uinta and Appalachian regions, with company materials also referencing Ohio Utica assets.
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Northern Oil and Gas (NYSE: NOG) has updated its 2023 guidance and provided a preliminary second quarter financial and operational update. Key highlights include:
1. Increased production estimates to 96,000-100,000 Boe per day (previously 91,000-96,000).
2. Raised capital expenditure guidance to $764-$800 million (previously $737-$778 million).
3. Reduced per unit production expenses and G&A costs.
4. Improved oil differentials and gas realizations.
5. Expected Q2 2023 production of 90.5-90.8 Boe per day with 60% oil mix.
6. Q2 capital expenditures estimated at $231-$236 million.
7. Changes in drilling plans, including modifications to the MPDC Mascot project and deferrals from a Williston Basin partner.
Northern Oil and Gas (NYSE: NOG) has announced the schedule for its second quarter 2023 financial and operating results release. The company plans to issue the results on Wednesday, August 2, 2023, after market close. Following this, NOG will host a conference call on Thursday, August 3, 2023, at 7:30 a.m. Central Time.
Interested parties can join the conference call via phone or webcast. The dial-in numbers are (866) 373-3407 for domestic callers and (412) 902-1037 for international callers, with the Conference ID: 13740011. A replay of the call will be available until August 17, 2023, and the webcast archive will be accessible on NOG's website through November 1, 2023.
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