NOG - Dividend announcements

HIGHLIGHTS NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated ‘buy-down' acquisition of a 25% non-operated stake in light oil producing properties with significant undeveloped inventory in Alberta, Canada in the Duvernay East Shale Basin operated by Parallax Energy Operating Inc. (the "Assets"), a portfolio company of investment funds managed by Carnelian Energy Capital Management, L.P. Sellers to receive NOG common stock at closing as a portion of the consideration, with ~CA$113 million (~US$83.5 million) paid in NOG common stock and the remainder pa

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing an equal amount to the prior quarterly dividend. The dividend is payable on July 31, 2026, to stockholders of record as of the close of business on June 29, 2026. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States. More informati

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company is also providing Management's recommendations for 2026. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing the same level from the prior year's dividend and the same level as the prior quarter. The dividend is payable on April 30, 2026, to stockholders of record as of the close of business on March 30, 2026. FUTURE DIVIDEND PLANS Management has recommended to the Board of Directors to maintain the common stock dividend at $0.45 per shar

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update on a number of business matters including fourth quarter hedging results, an update on ground game transactions and a non-cash impairment charge. BUSINESS UPDATE Unrealized mark-to-market gains on derivatives for the fourth quarter were an estimated $84.0 – $88.0 million, driven by changes to the value of the Company's derivatives portfolio. Realized hedge gains were an estimated $70.0 – $72.0 million, driven by the Company's natural gas, crude oil and basis hedges. The Company continues to execute its policy of protecting its capital program by periodically entering into financial derivative instr

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today provided an update on the Company's hedge profile after its recently announced Ohio Utica joint acquisition. HEDGING UPDATE The Company continues to execute its policy of protecting its capital program by periodically entering into financial derivative instruments with counterparties to lock in future commodity prices on a portion of its expected production. NOG has added substantial gas hedges since its recently announced Ohio Utica joint acquisition in early December. Currently NOG's 2026 and 2027 natural gas hedge volumes represent ~60% and ~30%, respectively, of Q3 2025 annualized natural gas production pro forma for

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 7% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on October 31, 2025, to stockholders of record as of the close of business on September 29, 2025. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguou

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update on a number of business matters including second quarter hedging results, an update on ground game transactions as well as a material settlement of a legal matter. BUSINESS UPDATE Unrealized mark-to-market gains on derivatives for the second quarter were an estimated $65 – $70 million, driven by changes to the value of the Company's derivatives portfolio. Realized hedge gains were an estimated $58 - $63 million, driven by the Company's natural gas, crude oil and basis hedges. The Company continues to execute its policy of protecting its capital program by periodically entering into financial deriva

USA News Group News Commentary Issued on behalf of Prairie Operating Co. VANCOUVER, BC, July 15, 2025 /PRNewswire/ -- Thanks to the rise of more and more AI data centers, the USA is faced with a very real threat in terms of surging demand for electricity, causing a renewed fascination with utilities. A new DOE reliability study warns that, if firm capacity keeps retiring while AI-driven load soars, the annual risk of power outages could jump by "a factor of one-hundred" as soon as 2030. And while there's talk about nuclear power emerging as a clean AI data center energy source, oil and gas is being touted as a medium-term interim solution. Citing "very strong" oil demand in Q3, OPEC announce

Company Raised over $200M in Gross Proceeds Including Initial Purchasers' Option to Purchase Additional Notes;  Company Simultaneously Executed $35 Million Share Repurchase and Entered into Capped Call Transactions; Offering Provides Enhanced Liquidity and Debt Maturity Schedule Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that it closed the reopening of its 3.625% Convertible Unsecured Senior Notes due April 2029, enhancing the Company's liquidity and debt maturity schedule. HIGHLIGHTS Issued $200.0 million of its 3.625% Convertible Unsecured Senior Notes due April 2029, including the initial purchasers' option to purchase additional notes, at a

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the "Facility"). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Markets. MANAGEMENT COMMENT "We are pleased to announce a 7% increase to our revolving credit facility despite an increasingly challenging macro environment," commented Chad Allen, NOG's Chief Financial Officer. "The increased comm

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing a 12.5% increase year-over-year and equal to the prior quarterly dividend. The dividend is payable on July 31, 2025, to stockholders of record as of the close of business on June 27, 2025. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update regarding first quarter hedging results and shareholder returns. HEDGING UPDATE Unrealized mark-to-market gains on derivatives for the first quarter were an estimated $9.0 – $10.0 million, driven primarily by changes to the value of the Company's oil derivatives portfolio. Realized hedge gains were an estimated $11.0 - $12.0 million, primarily driven by the Company's crude oil and Waha basis hedges. The Company continues to execute its policy of protecting its capital program by periodically entering into financial derivative instruments with counterparties to lock in future commodity prices on a port

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has authorized an $100 million increase to the Company's previously announced July 2024 share repurchase program. Immediately prior to the increase, NOG had $100 million remaining on this share repurchase program. The increase replenishes NOG's share repurchase program at a time of increased volatility. Quarter to date, the Company has repurchased approximately $10.0 million or 334,982 shares of its common stock at an average price of $29.86, inclusive of commissions. The increased authorization reflects the Company's confidence in its strategy, business plan and prospects and unders

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced a fourth quarter 2024 operations update and is providing initial 2025 capital and production guidance. HIGHLIGHTS Production estimated to have been 131.0 – 132.0 MBoe per day for the fourth quarter, putting NOG toward the high end of annual total production guidance Significant elective Ground Game and leasehold acquisitions totaling $27 million in the fourth quarter Fourth quarter capital expenditures, excluding non-budgeted transactions, estimated to be $231 – $232 million Initial 2025 production guidance of 130.0 – 135.0 Mboe per day 2025 capital budget of $1.05 to $1.20 billion to support inc

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") declared its first quarter common stock dividend and provided an update regarding fourth quarter share repurchases. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share for the first quarter of 2025, representing a 12.5% increase year over year and a 7% increase from the prior quarter. The dividend is payable on April 30, 2025, to stockholders of record as of the close of business on March 28, 2025. 2025 DIVIDEND PLAN As previously stated, NOG sets dividend policy once per year, no later than the declaration date for the first quarter dividend of any given calendar y

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") has a policy on not responding to acquisition rumors, however the Company believes that today's article regarding NOG's potential acquisition of Granite Ridge Resources ("Granite Ridge") requires a response. As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses in order to evaluate and conduct due diligence on potential opportunities. Many of these requests to conduct diligence are rejected. The Company is not currently engaged in formal negotiations to acquire Granite Ridge. ABOUT N

HIGHLIGHTS Joint development program with existing Appalachian operator. NOG capital commitment not expected to exceed $160 million, for a 15% working interest at an average net revenue interest of 84% in the program Program to cover operator's Appalachia drilling activities in calendar year 2025 Adds accretive natural gas development in Appalachia with strong visibility and surety of development Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced that it has entered a Joint Development Program with one of Appalachia's most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment fr

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company also announced its current plan with respect to quarterly dividends for 2025. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.42 per share, representing a 5% increase from the prior year's quarterly dividend and the same level as the previous quarter. The dividend is payable on January 31, 2025, to stockholders of record as of the close of business on December 30, 2024. 2025 DIVIDEND PLAN As previously stated, NOG plans to set dividend policy once per year, no

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced a third quarter 2024 operations update. THIRD QUARTER HIGHLIGHTS Production estimated to be 121.6 – 121.8 MBoe per day Oil volumes estimated to have increased quarter-over-quarter to record levels despite a lower 9.5 net wells turned-in-line ("TIL") Strong AFE and spud activity drove growth in D&C list to 52.2 net wells-in-process Repurchased 397,301 shares of common stock for $36.38 per share Provides hedging update Reiterates 2024 annual production guidance and capital expenditure guidance THIRD QUARTER OPERATIONAL UPDATE Production volumes in the third quarter of 2024 are estimated to have aver

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Uinta Basin assets from XCL Resources, LLC ("XCL") on October 1, 2024. The closing included the assets previously owned by Altamont Energy, LLC ("Altamont"). These transactions provide NOG with over a decade of Tier 1 inventory across ~15,800 net acres in the Uinta Basin with ~116 net underwritten undeveloped locations and additional exploration upside potential. NOG jointly acquired the assets with SM Energy, Inc. ("SM"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and SM entered into cooperation and long-term joint development agreements

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC ("Point"), a Vortus Investments company, on September 20, 2024. NOG jointly acquired the assets with Vital Energy, Inc. ("Vital"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Point assets. At closing, NOG paid $205.0 million in cash, which includes a $22.0 million deposit paid at signing in July 2024. The closing settlement is net of preliminary and customary purchase

HIGHLIGHTS NOG and SM Energy Company ("SM") exercised option to jointly acquire additional Uinta Basin assets adjacent to the XCL Resources, LLC asset acquisition, which were previously owned by Altamont Energy LLC (the "Altamont Assets") NOG to acquire a 20% undivided stake in the Altamont Assets (the "Acquired Assets") for an unadjusted purchase price of $17.5 million in cash (all data below is net to NOG) Expands Uinta footprint by ~6,500 net acres, located primarily in Duchesne and Uintah Counties, UT Transaction to close simultaneously with the close of the XCL asset acquisition NOG's total Uinta net acreage to increase to ~15,800 with ~116 net underwritten undeveloped l

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.42 per share, representing an 11% increase year-over-year and 5% sequential increase from the prior quarterly dividend. The dividend is payable on October 31, 2024, to stockholders of record as of the close of business on September 27, 2024. FUTURE DIVIDEND PLANS The Company continues to anticipate reviewing and setting dividend policy during the first fiscal quarter of each year, with the potential for interim modifications

HIGHLIGHTS Repurchased 895,076 shares of common stock during Q2 2024 Repurchased 1,444,432 shares in total during Q1 and Q2 2024 Board of Directors approved new $150 million share repurchase authorization Management will recommend that the Board of Directors approve a 5% mid-year increase to NOG's quarterly common stock dividend, to $0.42 per share, for the third quarter of 2024 Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") provided a shareholder return update. SHAREHOLDER RETURN UPDATE NOG repurchased 895,076 shares of common stock during the second quarter of 2024 at an average price, inclusive of commissions, of $38.96 per share. During the first half

HIGHLIGHTS Joint acquisition with Vital Energy, Inc. ("Vital") of certain assets (the "Point Assets") of Point Energy Partners, LLC ("Point"), a Vortus Investments company ("Vortus") for $1.1 billion NOG purchasing a 20% undivided stake in the Point Assets (the "Acquired Assets") for $220 million in cash (all numbers below are net to NOG) The Acquired Assets include >4,500 Boe per day (2-stream, excluding NGLs, >75% oil) of recent production and ~4,000 net leasehold and mineral acres, located primarily in Ward County, TX Cash flow from operations on the Acquired Assets expected to be >$75 million in the next twelve months (starting 10/1/2024), based on recent strip prices, repre

HIGHLIGHTS SM Energy Company ("SM"), with NOG as its non-operated partner, purchasing the Uinta Basin assets (the "XCL Assets") of XCL Resources, LLC, an EnCap Portfolio Company, for a combined unadjusted purchase price of $2.55 billion in cash NOG to acquire a 20% undivided stake in the XCL Assets (the "Acquired Assets") for $510.0 million in cash (all data below is net to NOG) Current production of >10,500 Boe per day (2-stream, excluding NGLs, >85% oil) ~9,300 net acres, located primarily in Duchesne and Uintah Counties, Utah Over a decade of Tier 1 drilling with 97.6 net underwritten undeveloped locations, with significant future upside from additional zones and infill de

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend in the amount of $0.40 per share of common stock, the planned quarterly level for 2024 as previously disclosed. The dividend is payable on July 31, 2024, to stockholders of record as of the close of business on June 27, 2024. ABOUT NOG NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States. More information about NOG can be found at www.noginc.com. View source version on businesswire.com: https:/

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the "Facility"). In connection with the redetermination, NOG entered into an amendment to the Facility that leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion (from $1.25 billion). In addition, JP Morgan Chase Bank, Mizuho Bank and Comerica Bank have joined as new members of the Facility's lending syndicate. MANAGEMENT COMMENT "We are excited to welcome JP Morgan Chase, Mizuho and Comerica to our lending syndicate," commented Chad All

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update regarding first quarter hedging results and stock repurchases. HEDGING UPDATE The Company periodically enters into derivative agreements to hedge a portion of its commodity pricing exposure. For the first quarter of 2024, realized gains on derivatives are expected to be $19.1 million. Unrealized mark-to-market losses on derivatives are expected to be $146.2 million for the quarter. STOCK REPURCHASE UPDATE The Company allocated capital in the first quarter of 2024 to common stock repurchases. NOG repurchased 549,356 shares of its common stock at a weighted average price of $36.42 per share, repurc

Company Sees 20% Year over Year Growth in Production Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance. HIGHLIGHTS Fourth quarter 2023 production estimated to be 114.4 Mboe per day, resulting in annual production toward the high end of NOG's guidance range Executed on $25 million of opportunistic Ground Game acquisitions in the fourth quarter Initiating preliminary 2024 production and capital spending guidance 2024 production guidance implies ~20% year over year growth on a flat capital budget at the midpoint of guidance ran

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced the declaration of a dividend on the Company's common stock and provided an update on current hedging positions. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.40 per share, the planned quarterly level for 2024 as previously disclosed. The dividend is payable on April 30, 2024, to stockholders of record as of the close of business on March 28, 2024. MANAGEMENT COMMENTS "We continue to deliver on our plan to generate strong free cash flow that can be dynamically allocated to create value for our investors," commented Chad Allen, NOG's Chief Financial Officer.

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") has now closed on both of its previously announced acquisitions of Utica and Northern Delaware Basin assets from private sellers. NOG paid $162.6 million in cash in aggregate initial closing settlements, with $28.4 million of the closing costs incurred in the fourth quarter of 2023 and the remaining $134.2 million in the first quarter of 2024. The first quarter closings were funded in part by a $17.1 million deposit paid at signing in November 2023. The closing settlements are net of preliminary and customary purchase price adjustments and remain subject to post-closing settlements between the parties. More information regarding these acquisit

HIGHLIGHTS Bolt-on acquisitions of core non-operated working interest properties in the Northern Delaware and Appalachian Basins for a combined initial purchase price of $170 million in cash and 107,657 shares of common stock, subject to typical closing adjustments Combined average expected 2024 production of ~6,500 Boe per day (26% oil, 2-stream) Combined cash flow from operations for the acquisitions expected to be $57.5 - $62.5 million in 2024, representing a 2.8 - 3.0x purchase price multiple, based on recent commodity strip pricing Expecting approximately $33 - $38 million in total 2024 capital expenditures on the combined assets NOG has existing ownership interests in a

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company also announced its current plan with respect to quarterly dividends for 2024. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.40 per share, representing a ~5% increase from the prior quarterly dividend. The dividend is payable on January 31, 2024, to stockholders of record as of the close of business on December 28, 2023. 2024 DIVIDEND PLAN As previously stated, NOG plans to set dividend policy once per year, no later than the declaration date for the first qua

HIGHLIGHTS Strong organic and Ground Game activity driving additional development Q3 Ground Game transactions expected to add 5.7 net in-process and future drilling locations, and approximately 514 net acres Year-to-date NOG has closed 31 Ground Game transactions, expected to add 24.9 net in-process and future drilling locations, and approximately 1,823 net acres Well proposals accelerated in late Q3 driven by improved commodity prices Gross consents were up over 35% sequentially in Q3 compared to Q2, and up over 15% in the first nine months of 2023 compared to the same period of 2022 Expect Q3 capital expenditures in the range of $215 to $218 million, driven primarily by

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") closed its previously announced acquisition of Northern Delaware Basin assets from Novo Oil & Gas Holdings, LLC, an EnCap portfolio company ("Novo"), on August 15, 2023. NOG jointly acquired the assets with Earthstone Energy, Inc. ("Earthstone"), which will become the operator of substantially all the assets. In connection with the transaction, NOG and Earthstone entered into cooperation and joint operating agreements, which include a multi-year development plan for the Novo assets. At closing, NOG paid $468.4 million in cash, funded in part by a $37.5 million deposit paid at signing in June 2023. The closing settlement is net of preliminary

Borrowing Base to Increase by 12.5%; Elected Commitment to Increase by 25%; Two New Banks Added to Syndicate Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the "Facility"). In connection with the redetermination, NOG entered into an amendment to the Facility that will increase the borrowing base to $1.8 billion (from $1.6 billion) and increase the elected commitment amount to $1.25 billion (from $1.0 billion). The amendment will go into effect upon NOG's closing of the Novo acquisition, scheduled for mid-August 2023, subject to other customar

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company is also providing a framework for setting future dividend policy. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.38 per share, representing a ~3% increase from the prior quarterly dividend. The dividend is payable on October 31, 2023, to stockholders of record as of the close of business on September 28, 2023. FUTURE DIVIDEND PLANS The Company anticipates reviewing and setting dividend policy during the first fiscal quarter hereafter, on an annual basis, with

 Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Earthstone Energy, Inc. ("Earthstone") of certain assets (the "Novo Assets") of Novo Oil & Gas Holdings, LLC, an EnCap portfolio company ("Novo") NOG purchasing a 33.33% undivided stake in the Novo Assets (the "Acquired Assets") for $500.0 million in cash Current production of ~13,000 Boe per day (2-stream, excluding NGLs, 54% oil) ~5,600 net acres, located primarily in Eddy County, NM and eastern Culberson County, TX with significant inventory of future drilling locations Cash flow from operations expec

Transaction Accretive to Key Financial Metrics, Adds Over 10,000 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Vital Energy, Inc. ("Vital") of certain assets (the "Forge Assets") of Forge Energy II Delaware, LLC, an EnCap portfolio company ("Forge") NOG purchasing a 30% undivided stake in the Forge Assets (the "Acquired Assets") for $162 million in cash The Acquired Assets include ~3,400 Boe per day (excluding NGLs, 79% oil) of recent production and ~10,200 net acres, located primarily in Ward and Reeves Counties, TX Cash flow from operations on the Acquired Assets expected to be >$65 million in the next twelve months (starting 7/1/2023), based on rec

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.37 per share, representing a 9% increase from the prior quarterly dividend. The dividend is payable on July 31, 2023, to stockholders of record as of the close of business on June 29, 2023. ABOUT NOG NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with focus on the premier hydrocarbon producing basins within the contiguous United States. More information about NOG can be found at www.northernoil.com. View source versio

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today provided an update regarding first quarter hedging results and capital allocation matters. HEDGING UPDATE The Company periodically enters into derivative agreements to hedge a portion of its commodity pricing exposure. For the first quarter of 2023, unrealized mark-to-market gains on derivatives are estimated to be approximately $140.0 million and realized derivative hedge gains are estimated to be approximately $13.6 million. CAPITAL ALLOCATION UPDATE; BOARD INCREASES NOTES REPURCHASE AUTHORIZATION The Company allocated approximately $26.4 million of capital in the first quarter of 2023 to securities repurchases,

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that Jim Evans has been named Chief Technical Officer, effective immediately. Mr. Evans, who has served in numerous progressive engineering roles at NOG since 2013, previously held the title of Executive Vice President and Chief Engineer since February 2021 and Senior Vice President of Engineering since January 2020. Mr. Evans' technical leadership has earned him several promotions during his tenure at NOG as the Company's technical and data-driven processes have grown and evolved. MANAGEMENT COMMENT "One of NOG's hallmarks is its engineering and data focus, and Jim is the chief architect and leader of NOG'

  Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company is also providing operational and shareholder return updates. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.34 per share, representing a 13% increase from the prior quarterly dividend. The dividend is payable on April 28, 2023, to stockholders of record as of the close of business on March 30, 2023. FUTURE DIVIDEND PLANS Management intends to submit a recommendation to the Board of Directors for a further 9% increase to NOG's quarterly common stock dividend, t

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that it has exercised in full its mandatory conversion rights on its outstanding 6.500% Series A Perpetual Convertible Preferred Stock ("Preferred Stock"). The outstanding shares of Preferred Stock will automatically convert to shares of the Company's common stock, $0.001 par value ("Common Stock"), on November 15, 2022 (the "Mandatory Conversion Date"). Holders of the Preferred Stock will receive 4.4878 shares of Common Stock and a cash payment of $6.3337 for each share of Preferred Stock converted. Cash will be paid in lieu of fractional shares of Common Stock. All dividends on the Preferred Stock will cease t

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.30 per share, representing a 20% increase from the prior quarterly dividend. The dividend is payable on January 31, 2023, to stockholders of record as of the close of business on December 29, 2022. SHAREHOLDER RETURN UPDATE During the third quarter and October 2022, the Company repurchased 1.37 million shares of common stock at an average price of $28.34 per share. In total, year-to-date, the Company has repurchased 1.81 million common shares at an average price of $28.42 per share, for a total of $51.5 mi

HIGHLIGHTS NOG enters into agreement to acquire a 36.7% working interest in a stacked pay, six-zone development project (the "Mascot Project") in the core of the Midland Basin for $330 million Acquisition includes producing properties and associated midstream assets, plus 62 gross in-process and future wells in Midland County, Texas, with sub-$40 per barrel average breakevens Average production of 6,450 Boe per day (2-stream, ~80% oil) expected for 2023 Clear line of sight to significant free cash flow generation with 22.8 net undeveloped and in-process locations, all scheduled to be developed over the next two years ~$150 million of expected 2023 unhedged cash flow from operation

HIGHLIGHTS Bolt-on acquisition of core non-operated working interest properties in the Northern Delaware Basin for an initial purchase price of $157.5 million Average production of ~3,000 to 3,500 Boe per day (68% oil, 2-stream) expected for 2023, generating an estimated $46.5 to $54.3 million of unhedged cash flow in 2023 at strip pricing as of September 28, 2022 ~2,800 net acres located in Lea and Eddy counties, NM and Loving County, TX with significant Tier-1 inventory (sub-$40 per barrel average breakevens) Strong growth and free cash flow profile with ~$32 million average annual capital spending expected on the assets over the next three years, delivering expected production of

HIGHLIGHTS Bolt-on acquisition of high oil cut, core non-operated working interest properties in the Midland Basin for $110 million Average production >1,800 Boe per day (2-stream, ~86% oil) expected over the next twelve months Strong line of sight with approximately 9.6 net undeveloped and in-process locations and ~1,600 net acres located in Howard County, Texas Forward 1-year unhedged cash flow from operations (assumed October closing) expected to be approximately $48 million at strip pricing as of 8/15/2022, representing an initial purchase price transaction multiple of 2.3x Strong free cash flow profile with only ~$12.5 - 17.5 million of annual sustaining capital expenditures

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.25 per share, representing a 32% increase from the prior quarterly dividend. The dividend is payable on October 31, 2022, to stockholders of record as of the close of business on September 29, 2022. Additionally, the Company has provided an update on recently completed share repurchases. SHARE REPURCHASE UPDATE NOG repurchased approximately $12.8 million worth of common stock in the second quarter of 2022, an increase of $2.8 million from the most recent public announcement. In the second quarter, the comp

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced that it has closed a negotiated agreement with the holder of its outstanding equity warrants issued in the Reliance Marcellus acquisition (the "Warrants") to cancel such Warrants in exchange for shares of NOG common stock, on a cashless basis. Additionally, NOG announced that it has repurchased shares of its common stock, additional shares of its 6.5% Series A Convertible Preferred Stock (the "Preferred Stock") and additional amounts of its 8.125% Senior Unsecured Notes due 2028 (the "Notes"). WARRANT EXCHANGE TRANSACTION As part of the Reliance Marcellus acquisition, NOG previously issued 3.25 million Warrant

BOLT-ON ACQUISITION HIGHLIGHTS Bolt-on acquisition (the "Asset Acquisition") of high oil-cut, core working interest properties in the Williston Basin for $170 million initial purchase price from a private party (the "Seller") Average production >2,500 Boe per day (2-stream, ~83% oil) expected over the next twelve months Inventory rich acquisition with 17.5 net undeveloped locations, including 2.6 net wells in process and ~3,500 net acres NOG owns existing interests in approximately 50% of the acquired property value, providing high confidence and visibility Forward 1-year unhedged cash flow from operations (4/1/22 effective date) expected to be greater than $73 million at strip pr

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.19 per share, representing a 36% increase from the prior quarterly dividend. The dividend is payable on July 29, 2022, to stockholders of record as of the close of business on June 29, 2022. DIVIDEND GROWTH PLAN ACCELERATION NOG management has updated its third quarter dividend recommendation to the Board of Directors. Management plans to recommend a dividend of $0.25 per share ($1.00 per share annualized) to the Board of Directors for the third quarter of 2022, a 32% increase over the second quarter divid

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") today announced an updated long-term base dividend growth plan. Details can be found in the presentation made available today on NOG's website at https://www.northernoil.com/investors/company-information/presentations. DIVIDEND GROWTH PLAN ACCELERATION NOG management has updated its recommended long-term base dividend plan to increase planned growth in 2022 and 2023. Quarterly dividend growth is now expected to average 23% through year-end 2023, with significant acceleration in 2022. This includes a plan to recommend a dividend of $0.19 per share to the Board of Directors for the second quarter of 2022, a 36% increase over the first quarter di

Northern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") announced today that the New York Stock Exchange ("NYSE") has approved the transfer of the listing of the Company's common stock from the NYSE American to the NYSE. Effective at the opening of trading on February 17, 2022, the common stock of the Company will cease trading on the NYSE American and will commence trading on the NYSE, remaining under the symbol "NOG." MANAGEMENT COMMENT "Uplisting to the NYSE marks a significant milestone in our transformation of the company over the past several years," said Chad Allen, NOG's Chief Financial Officer. "The NYSE is a premiere worldwide market, one that provides a broader platform

Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.14 per share, representing a 75% increase from the prior quarterly dividend. The dividend is payable on April 29, 2022, to stockholders of record as of the close of business on March 30, 2022. NOG additionally is providing a year-end 2021 balance sheet update. HIGHLIGHTS Cash dividend declared of $0.14 per share of common stock, above management's previous plan of $0.12 per share NOG estimates December 31, 2021 year-end balances of $9.5 million of cash on hand and $55 million outstanding on its Revolving Credit Facility

Northern Oil and Gas, Inc. (NYSE:NOG) ("Northern") today announced a long-term base dividend growth plan. Details can be found in the presentation made available today on Northern's website at https://www.northernoil.com/investors/company-information/presentations. MANAGEMENT COMMENT "Our base dividend growth plan should provide additional clarity to investors on our current plans," commented Nick O'Grady, Northern's Chief Executive Officer. "We are dedicated to providing strong capital returns, while maintaining avenues for additional growth to our business. We have made great strides in building a diversified, low-leverage entity, and remain focused on delivering a superior total return

Northern Oil and Gas, Inc. (NYSE:NOG) today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.08 per share, representing a 78% increase from the prior quarterly dividend. The dividend is payable on January 31, 2022, to stockholders of record as of the close of business on December 30, 2021. MANAGEMENT COMMENT "Based on our confidence in the business outlook, the Board declared a dividend above our prior plan of $0.06 per share," commented Chad Allen, Northern's Chief Financial Officer. "This is a function of the continued improvement in the Company's free cash flow profile and the strength of our balance sheet." ABOUT NOR

HIGHLIGHTS $154 million bolt-on acquisition of proved producing properties in the Williston Basin >4,500 Boe per day of production (2-stream, ~65% oil) Mature, shallow decline (~18% first year decline expected) Northern owns existing interests in 84% of the acquired wellbores, providing high confidence and visibility in the acquired assets Forward 1-year unhedged cash flow from operations expected to be approximately $60 million at current strip pricing as of October 4, 2021, representing a purchase price transaction multiple of approximately 2.6x De minimis capital expenditures expected to drive a significant increase to corporate free cash flow Northern estimates PDP PV-10 o

Northern Oil and Gas, Inc. (NYSE:NOG) today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.045 per share, representing a 50% increase from the prior quarterly dividend. The dividend is payable on October 29, 2021, to stockholders of record as of the close of business on September 30, 2021. ABOUT NORTHERN OIL AND GAS Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Northern Oil and Gas, Inc. can be found at www.northern