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Northern Oil and Gas Inc (NOG)

NOG on American Stock Exchange

1.68USD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Northern Oil And Gas qtrly net loss per common share diluted $0.26
Wednesday, 8 Nov 2017 04:30pm EST 

Nov 8 (Reuters) - Northern Oil And Gas Inc ::Northern Oil And Gas, Inc. Announces 2017 third quarter results.Northern Oil And Gas Inc - ‍daily production increased 11% sequentially to average 15,321 boe per day in Q3, for a total of 1,409,501 boe​.Northern Oil And Gas Inc - ‍increasing its 2017 guidance and now expects average daily production for 2017 to increase between 5% - 6% compared to 2016​.Northern Oil And Gas Inc - ‍now expects to add approximately 14 net wells to production for year​.Northern Oil And Gas Inc - ‍revised annual capital budget of $130 million for 2017​.Northern Oil And Gas Inc - qtrly total revenues $41.6 million, down 8 %.Northern Oil And Gas Inc - qtrly net loss per common share diluted $0.26.Q3 earnings per share view $0.00, revenue view $50.3 million -- Thomson Reuters I/B/E/S.  Full Article

Northern Oil and Gas enters into 5 year $400 mln secured credit facility
Wednesday, 1 Nov 2017 06:45pm EDT 

Nov 1 (Reuters) - Northern Oil And Gas Inc :Northern Oil and Gas, Inc. Enters into a new five year $400 million senior secured credit facility.Says ‍new credit facility matures in five years and carries a floating interest rate of LIBOR, plus 7.75 percent​.Says ‍used approximately $161 million of initial proceeds to repay and retire its bank credit facility led by Royal Bank of Canada​.  Full Article

Northern Oil and Gas reports Q2 net income per share $0.22
Tuesday, 8 Aug 2017 04:15pm EDT 

Aug 9 (Reuters) - Northern Oil And Gas Inc -:Northern Oil and Gas Inc announces 2017 second quarter results.Northern Oil and Gas Inc says daily production increased 4% sequentially to average 13,794 boe per day in Q2, for a total of 1,255,280 boe.Qtrly net income per common share - diluted $ 0.22.Qtrly total revenues $64.9 million versus $32 million.  Full Article

Bahram Akradi sends a letter to Richard Weber, chairman of Northern Oil And Gas Inc board
Wednesday, 7 Jun 2017 04:13pm EDT 

June 7 (Reuters) - Northern Oil And Gas Inc : :Bahram Akradi says on June 7 sent letter to richard weber, chairman of northern oil and gas inc board .Bahram Akradi, in letter to Weber, says Northern Oil And Gas Inc must re-align its capital structure to reduce its leverage ‍​.Bahram Akradi in letter to Weber says Northern Oil And Gas board must form strategy committee for defining co’s direction in near, medium, long term‍​.Bahram Akradi in letter to Weber says Northern Oil And Gas must divest from its non-core assets.Bahram Akradi reports a 9.71 percent in Northern Oil And Gas as of June 7 versus previous stake of 9.47 percent as of May 25.  Full Article

Bahram Akradi urges Northern Oil and Gas to provide update on co's strategic evaluation
Thursday, 25 May 2017 09:02am EDT 

May 25 (Reuters) - Northern Oil And Gas Inc's :Bahram Akradi sends letter to Northern Oil and Gas Inc's <<>> chairman of co's board - SEC filing.Bahram Akradi urges Northern Oil and Gas to provide an update on co's strategic evaluation.Bahram Akradi says Northern Oil and Gas should break its acreage into several development areas.Bahram Akradi says Northern Oil and Gas should actively sell non-core assets to boost its liquidity position.Bahram Akradi owns 9.47 percent stake in Northern Oil and Gas as of May 25.  Full Article

Northern Oil and Gas Inc
Monday, 8 May 2017 06:43am EDT 

May 8 (Reuters) - Northern Oil And Gas Inc : :Northern Oil and Gas Inc announces 2017 first quarter results and borrowing base redetermination under revolving credit facility.Northern Oil and Gas Inc - production totaled 1,196,924 barrels of oil equivalent for Q1, averaging 13,299 boe per day.Northern Oil and Gas Inc - continues to expect 2017 total annual production to equal or modestly exceed 2016 total production.Northern Oil and Gas Inc - expects that it will add approximately 12 net wells to production during year, based on a preliminary capital budget of $102.2 million.Northern Oil and Gas - net well additions will be weighted to H2 2017, which should result in sequential production growth in third and fourth quarters.Northern Oil and Gas Inc - qtrly total revenues $65.8 million versus $31.8 million.Northern Oil and Gas Inc - qtrly net income per common share $0.27.Q1 earnings per share view $-0.02, revenue view $47.7 million -- Thomson Reuters I/B/E/S.Northern Oil and Gas Inc - adjusted net income for quarter was a loss of $0.1 million.  Full Article

Northern Oil and Gas announces fourth quarter results
Wednesday, 1 Mar 2017 04:30pm EST 

Northern Oil And Gas Inc : Northern Oil and Gas, Inc. announces 2016 fourth quarter and full year results . Q4 gaap loss per share $0.20 . Q4 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.04 . Northern Oil and Gas- production totaled 1,259,274 barrels of oil equivalent for Q4, averaging 13,688 boe per day or 2 pct higher than last quarter . Northern Oil and Gas Inc - expects 2017 total annual production to equal or modestly exceed 2016 total production . Northern Oil and Gas- expects that it will add approximately 12 net wells to production during year, based on preliminary capital budget of $102.2 million .Northern Oil and Gas Inc - expects to add about 12 net wells to production in 2017, based on a preliminary capital budget of $102.2 million.  Full Article

NORTHERN OIL AND GAS APPOINTS MICHAEL POPEJOY OF TRT HOLDINGS TO BOARD
Friday, 27 Jan 2017 05:15pm EST 

Northern Oil And Gas Inc : NORTHERN OIL AND GAS, INC. APPOINTS MICHAEL POPEJOY OF TRT HOLDINGS, INC. TO BOARD OF DIRECTORS . HAS ENTERED INTO A LETTER AGREEMENT WITH TRT HOLDINGS, INC . TRT AGREED TO CUSTOMARY STANDSTILL PROVISIONS, TO VOTE IN FAVOR OF ELECTION OF CO'S DIRECTORS AT 2017 ANNUAL MEETING .AGREED TO NOMINATE MICHAEL FRANTZ, POPEJOY FOR ELECTION TO BOARD AT NORTHERN'S 2017 ANNUAL MEETING OF SHAREHOLDERS.  Full Article

Elliott Associates, affiliates report 6.9 pct passive stake in Northern Oil and Gas
Friday, 20 Jan 2017 05:29pm EST 

Northern Oil And Gas Inc : Elliott Associates and its affiliates report 6.9 percent passive stake in Northern Oil and Gas Inc as of January 10 - SEC filing Source: (http://bit.ly/2j3YkpU) Further company coverage: [NOG.A] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Northern Oil and Gas, inc announces 2016 Q3 results
Tuesday, 8 Nov 2016 04:30pm EST 

Northern Oil and Gas Inc : Northern Oil and Gas Inc - qtrly production totaled 1,236,708 barrels of oil equivalent . Northern Oil and Gas Inc - continues to expect 2016 total production to be down approximately 15 pct compared to 2015 production levels . Northern Oil and Gas Inc - recorded a non-cash ceiling test impairment of $43.8 million in q3 of 2016 . Northern Oil and Gas Inc sees 2016 production expenses (per boe) $8.75 - $9.25 . Northern Oil and Gas-production in q3 was negatively impacted by about 600 boe/day due to wells shut-in while completion activities occurred on offsetting locations . Northern Oil and Gas announces 2016 third quarter results and reaffirmation of $350 million borrowing base under revolving credit facility . Q3 gaap loss per share $0.74 . Q3 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S .Q3 adjusted earnings per share $0.04.  Full Article