Welcome to our dedicated page for Northern O & G news (Ticker: NOG), a resource for investors and traders seeking the latest updates and insights on Northern O & G stock.
Northern Oil & Gas (NOG) provides timely updates on its strategic operations across key U.S. basins, including the Williston and Permian regions. This page serves as a comprehensive resource for investors and industry professionals seeking official press releases, financial announcements, and operational developments.
Access curated updates on earnings reports, asset acquisitions, and production milestones, all critical for evaluating the company's position in the energy sector. Our collection ensures transparent access to NOG's exploration activities, regulatory compliance efforts, and market strategies without speculative commentary.
Regularly updated content covers technical advancements in drilling, partnerships, and sustainability initiatives. Bookmark this page to stay informed about NOG's evolving role in oil and gas exploration through verified, investor-focused communications.
Northern Oil and Gas (NYSE: NOG) reported record quarterly production of 90,878 Boe per day in Q2 2023, up 25% year-over-year. The company posted net income of $167.8 million and Adjusted EBITDA of $315.5 million. NOG generated $47.6 million in Free Cash Flow and paid a $0.37 per share dividend, up 9% from Q1.
Key highlights include:
- Closed $167.9 million Forge assets acquisition
- Entered $500 million Novo assets acquisition agreement
- Issued $500 million in 8.75% Senior Notes
- Completed $224.7 million common stock offering
- Increased production guidance to 96,000-100,000 Boe per day for 2023
NOG's Q2 oil and gas sales were $416.5 million. The company had total liquidity of $1.01 billion as of June 30, 2023.
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