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.
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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