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 and Gas, Inc. (NYSE: NOG) generates a steady flow of news as it acquires and manages non-operated working and mineral interests in key U.S. oil and natural gas basins. The company’s press releases and SEC reports provide regular updates on production, acquisitions, financing and hedging activities tied to its crude petroleum and natural gas extraction focus.
On this page, readers can follow NOG news related to its positions in the Williston, Permian, Uinta and Appalachian basins, as well as its joint acquisition of upstream and midstream assets in the Utica shale of eastern Ohio with Infinity Natural Resources. Recent announcements have covered bolt-on royalty and mineral acquisitions in the Uinta Basin, numerous ground game transactions that add net acres and wells across multiple basins, and a large Ohio Utica transaction that includes both upstream properties and integrated gathering, compression and water systems.
NOG also issues frequent updates on its financial and capital structure. News items include quarterly financial and operating results, changes to annual production and capital expenditure guidance, the pricing and issuance of 7.875% senior notes due 2033, tender offers for 8.125% senior notes due 2028, and amendments to its reserves-based revolving credit facility. The company’s communications often highlight its use of commodity hedges, with detailed tables of oil, natural gas and basis derivatives.
Investors and followers of NOG can use this news feed to review earnings releases, acquisition announcements, hedging updates, dividend declarations and other company communications in one place. Regularly reviewing these items can help readers understand how NOG’s non-operated interests, acquisition activity, financing arrangements and risk management practices evolve over time.
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Northern Oil and Gas, Inc. (NYSE: NOG) has reported strong results for the first quarter of 2023, with significant unrealized gains of approximately $140 million from derivatives and realized gains of $13.6 million. The company allocated $26.4 million toward capital repurchases, buying back 287,751 shares at an average price of $27.82. Additionally, the company repurchased $19.1 million of its 8.125% Senior Unsecured Notes due 2028, enhancing financial health by reducing future interest expenses. The board has increased the repurchase authorization for notes by $100 million, bringing total availability to $105.1 million. Management emphasized a strategy focused on balancing growth and shareholder returns, seizing market opportunities while maintaining leverage levels.
Northern Oil and Gas, Inc. (NYSE: NOG) has announced plans to release its financial and operating results for the first quarter of 2023 on
Northern Oil and Gas (NYSE: NOG) has appointed Jim Evans as Chief Technical Officer, effective immediately. Evans has held various engineering roles at NOG since 2013, previously serving as Executive Vice President and Chief Engineer since February 2021. His leadership in engineering has been instrumental as NOG strengthens its position as a consolidator of non-operated properties while enhancing its technological capabilities. The company's focus on data-driven processes underlines its strategy to identify and underwrite value in expanding operations. This leadership change reflects NOG's commitment to leveraging its extensive database for future growth.
Northern Oil and Gas, Inc. (NYSE: NOG) will be represented by CEO Nick O’Grady at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 3:25 p.m. ET. A live webcast of the presentation is available on the company’s website and will be archived for 90 days. NOG focuses on investing in non-operated minority working and mineral interests in key hydrocarbon producing basins across the contiguous United States. For further details about NOG, visit www.northernoil.com.
Northern Oil and Gas reported strong performance in Q4 2022, with production averaging 78,854 Boe/day, a 23% increase year-over-year. GAAP cash flow from operations reached $287.4 million, while Free Cash Flow rose 23% to $87.1 million. The company made significant acquisitions totaling approximately $400 million and increased its capital spending to $142.9 million. NOG declared a 13% dividend increase, now at $0.34 per share. For 2023, production guidance is set at 91,000 - 96,000 Boe/day, marking a 23% expected growth, supported by a robust balance sheet and a focus on organic drilling and acquisition strategies.
Northern Oil and Gas, Inc. (NYSE: NOG) announced a cash dividend of
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