Oil and Gas 360 MINNEAPOLIS HIGHLIGHTS First quarter production increased 28% over the prior year, averaging 43,735 barrels of oil equivalent (“Boe”) per day Cash flow from operations, excluding $7.1 million from changes in working capital, totaled $93.6 million, which was a 7% increase over the prior year and exceeded first quarter capital expenditures of $86.7 million Senior Secured Notes
Oil and Gas 360 MINNEAPOLIS – Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced that it has entered into an agreement with an institutional holder of its 8.5% Senior Secured Second Lien Notes due 2023 (the “Notes”) whereby Northern will repurchase and retire $16.0 million in aggregate principal amount of Notes in exchange for 160,000 shares of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Michael Reger, Northern Oil and Gas president and founder, will leave the company amicably Northern Oil & Gas (stock ticker: NOG), a non-operating E&P, has announced that Michael Reger, its president, founder and chairman emeritus, will be departing the company amicably to pursue other opportunities. Reger, however, will continue to serve
Northern Oil and Gas, Inc. (stock ticker: NOG) updated its stock repurchase program and provided a general business update with new fourth quarter estimates and hedging information. Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019. Production for the fourth
Northern Oil and Gas, Inc. (NYSE: NOG) announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent per day of production and 10,600 net acres in the core of the Williston Basin. Total consideration at closing will consist
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has entered into an agreement to acquire production in North Dakota, currently producing over 4,100 BOEPD. The asset is being acquired from Pivotal Petroleum Partners, a portfolio company of funds managed by Tailwater Capital LLC. Total consideration at closing will consist of $68.4 million in cash and 25.75 million
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has entered into an additional independent, separately negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020. The agreement represents a debt reduction of $9,943,000 par value of Notes. Through this and other recently announced exchanges, Northern has now entered into agreements to retire
Northern Oil & Gas, Inc. (NYSE: NOG) Company Overview Northern Oil and Gas, Inc. is a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. 3,500+ active wells 45 operating partners Recently acquired Salt Creek Oil and Gas Currently entered into agreements to retire $44 million of its remaining notes Summary
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it is realigning executive job responsibilities to optimize the daily management of the company and better position the company for future growth. Mike Reger, Northern’s founder and current CEO, will now act as President, effective July 5, 2018, and will focus his extensive knowledge of the Williston Basin on acquisition
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into a definitive agreement to acquire producing assets in the Williston Basin of North Dakota. Separately, Northern has entered into another negotiated exchange agreement with an institutional holder (the “Investor”) of its 8% senior unsecured notes due 2020 (the “Notes”). Highlights Acquisition includes current estimated production
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two additional independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together the new agreements represent a debt reduction of $22,807,000 par value of Notes. Combined with the exchange transactions announced last week, Northern
From Business Wire Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together the agreements represent a debt reduction of $20,950,000 par value of Notes. In the first exchange for the Notes, for
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