Key Developments: Northern Oil and Gas Inc (NOG)
13.40USD
24 May 2013
$-0.17 (-1.25%)
$13.57
$13.50
$13.69
$13.26
147,957
923,726
$19.70
$12.00
Latest Key Developments (Source: Significant Developments)
Northern Oil and Gas Inc Announces Public Offering Of $200 Million Of Senior Notes
Northern Oil and Gas Inc announced that, subject to market conditions, it intends to engage in an underwritten public offering of $200 million aggregate principal amount of its 8.000% senior notes due 2020. Northern plans to use the net proceeds of this offering to repay borrowings outstanding under its revolving credit facility, to fund capital expenditures, and for other general corporate purposes. RBC Capital Markets, BMO Capital Markets, and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. The offering will be made only by means of a base prospectus and accompanying prospectus supplement, copies of which may be obtained when available by contacting RBC Capital Markets Full Article
Northern Oil and Gas Inc Issues FY 2013 Production Guidance
Northern Oil and Gas Inc announced that it estimates fiscal 2013 production to be in a range of 4.7 to 5.0 million barrels of oil equivalent. Full Article
Northern Oil and Gas Inc Issues Q3 2012 Production Guidance
Northern Oil and Gas Inc announced that for the third quarter of 2012, it expects production to increase approximately 96% over the third quarter of 2011, and approximately 9% compared to the second quarter of 2012, resulting in an average of approximately 11,200 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average days on production was approximately 55 out of a possible 62 producing days, or approximately 89% of potential producing days. Full Article
Northern Oil and Gas Inc Announces Resignation Of President
Northern Oil and Gas Inc announced that Ryan R. Gilbertson, Northern Oil's President, has resigned to devote more time to other interests, including charitable activities and various business opportunities. In connection with his resignation, which is effective October 1, 2012, Mr. Gilbertson entered into a consulting agreement pursuant to which he is expected to serve as an advisor to the Company's Board of Directors through October 2014. Northern Oil does not currently expect to fill the position of President at the Company. Full Article
Northern Oil and Gas Inc. Issues Q2 2012 Production Guidance
Northern Oil and Gas Inc. announced that it expects second quarter 2012 production to increase approximately 20% compared to first quarter 2012, resulting in an average of approximately 10,200 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average days on production was approximately 52 out of a possible 61 producing days, or approximately 85% of potential producing days. Full Article
Northern Oil and Gas Inc Announces Pricing Of Upsized Senior Notes Offering
Northern Oil & Gas Inc announced that it upsized and priced its private offering to eligible purchasers of 8.0% senior notes due 2020 (the "notes") at an offering price equal to 100% of par. The offering of the notes has been upsized from $250 million to $300 million aggregate principal amount. Northern Oil intends to use the net proceeds of approximately $291.3 million, after deducting initial purchasers' discounts and offering expenses, to repay borrowings outstanding under its revolving credit facility, to fund capital expenditures, and for other general corporate purposes. The offering is expected to close on May 18, 2012, subject to the satisfaction of customary closing conditions. Full Article
Northern Oil and Gas Inc Announces Proposed Private Offering of $250 Million of Senior Notes
Northern Oil and Gas Inc announced that it intends to offer $250 million in aggregate principal amount of senior notes due 2020 in a private placement to eligible purchasers. The notes will be Northern Oil's general unsecured obligations. Northern Oil intends to use the net proceeds of this offering to repay borrowings outstanding under its revolving credit facility, to fund capital expenditures, and for other general corporate purposes. Full Article
Northern Oil & Gas, Inc. Issues Q1 2012 Production Guidance
Northern Oil & Gas, Inc. announced that it expects first quarter 2012 production to increase approximately 20% compared to fourth quarter 2011, resulting in an average of approximately 8,500 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average days on production was approximately 49 out of a possible 60 producing days, or approximately 82% of potential producing days. Full Article
Northern Oil & Gas, Inc. Issues FY 2012 Production Guidance-Conference Call
Northern Oil & Gas, Inc. announced that for fiscal 2012, it expects production to approximately double again to about 4 million BOE. Full Article
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