OverviewSuggest Edit

Northern Oil & Gas, Inc. is an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company's primary focus is oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include our acreage. As a non-operator, Northern Oil & Gas is able to diversify its investment exposure by participating in a large number of gross wells, as well as entering into more project areas by partnering with numerous experienced operating partners.

TypePublic
Founded2007
HQHopkins, US
Websitenorthernoil.com

Latest Updates

Employees (est.) (Feb 2019)18
Revenue (FY, 2016)$144.9 M(-47%)
Share Price (Sept 2020)$5.7 (-3%)
Cybersecurity ratingAMore

Key People/Management at Northern Oil and Gas

Nicholas O'Grady

Nicholas O'Grady

President, Chief Financial Officer
Michael Reger

Michael Reger

Director
Erik Romslo

Erik Romslo

EVP, General Counsel and Secretary, Chief Legal Officer
Bahram Akradi

Bahram Akradi

Director
Chad Allen

Chad Allen

Chief Accounting Officer
Lisa Bromiley

Lisa Bromiley

Director
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Northern Oil and Gas Office Locations

Northern Oil and Gas has an office in Hopkins
Hopkins, US (HQ)
601 Carlson Pkwy #990
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Northern Oil and Gas Financials and Metrics

Northern Oil and Gas Revenue

Northern Oil and Gas's revenue was reported to be $144.90 m in FY, 2016 which is a 47.3% decrease from the previous period.
USD

Revenue (FY, 2016)

144.9m

Revenue growth (FY, 2015 - FY, 2016), %

(47.3%)

Net income (FY, 2016)

(293.5m)

EBIT (FY, 2016)

(229.3m)

Market capitalization (22-Sept-2020)

248.3m

Closing stock price (22-Sept-2020)

5.7

Cash (31-Dec-2016)

6.5m
Northern Oil and Gas's current market capitalization is $248.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

275.1m144.9m

Revenue growth, %

(47%)

EBIT

(1.1b)(229.3m)

EBIT margin, %

(407%)(158%)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5.7m9.3m3.4m6.5m

Accounts Receivable

35.8m

Current Assets

104.4m226.0m128.8m46.9m

Total Assets

1.5b2.0b733.9m431.5m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

53.1m163.7m(975.4m)(293.5m)

Accounts Payable

2.0m4.1m(4.5m)(365.1k)

Cash From Operating Activities

222.8m274.3m247.0m101.9m

Cash From Investing Activities

(358.5m)(477.0m)(288.9m)(91.0m)
USDFY, 2013

Financial Leverage

2.5 x
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Northern Oil and Gas Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Northern Oil and Gas Online and Social Media Presence

Embed Graph

Northern Oil and Gas Blogs

Northern Oil and Gas, Inc. Announces Success of Consent Solicitation and Closing Schedule for New Credit Facility

MINNEAPOLIS --(BUSINESS WIRE)--Nov. 20, 2019-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the results of its previously announced consent solicitation (the “Consent Solicitation”) pursuant to which Northern solicited consents from holders of its outstanding 8.50%

Northern Oil and Gas, Inc. Announces Successful Completion of Exchange Offer, Tender Offer, Subscription Offer and Consent Solicitation

MINNEAPOLIS --(BUSINESS WIRE)--Nov. 20, 2019-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced (i) the successful completion of its previously announced consent solicitation (the “Consent Solicitation”) with respect to its 8.50% Senior Secured Second Lien Notes due 2023

Northern Oil and Gas, Inc. Announces Third Quarter 2019 Results

Third quarter production increased 53% over the prior year, and 17% sequentially, averaging 40,786 barrels of oil equivalent (“Boe”) per day. Cash flow from operations, excluding a $32.5 million net decrease from changes in working capital and other items, was $103.5 million for the third quarter,

Northern Oil and Gas Announces Support Agreements and Extension of Withdrawal Deadline

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that, in connection with the Company’s previously announced exchange and tender offers (the “Offers”) and solicitation of consents (the “Consent Solicitation”) to certain …

Northern Oil and Gas Announces Extension of Early Participation Deadline

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has extended the deadline for holders of the Company’s 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) to validly tender Notes in the previously anno…

Northern Oil and Gas Announces Extension of Early Participation Deadline and Increase in Consent Fee

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has increased the consent fee with respect to its previously announced solicitation of consents from holders of the Company’s 8.50% Senior Secured Second Lien Note…
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Northern Oil and Gas Frequently Asked Questions

  • When was Northern Oil and Gas founded?

    Northern Oil and Gas was founded in 2007.

  • Who are Northern Oil and Gas key executives?

    Northern Oil and Gas's key executives are Nicholas O'Grady, Michael Reger and Erik Romslo.

  • How many employees does Northern Oil and Gas have?

    Northern Oil and Gas has 18 employees.

  • What is Northern Oil and Gas revenue?

    Latest Northern Oil and Gas annual revenue is $144.9 m.

  • What is Northern Oil and Gas revenue per employee?

    Latest Northern Oil and Gas revenue per employee is $8.1 m.

  • Who are Northern Oil and Gas competitors?

    Competitors of Northern Oil and Gas include Alta Mesa Holdings, Citadel Exploration and Luxe Energy.

  • Where is Northern Oil and Gas headquarters?

    Northern Oil and Gas headquarters is located at 601 Carlson Pkwy #990, Hopkins.

  • Where are Northern Oil and Gas offices?

    Northern Oil and Gas has an office in Hopkins.

  • How many offices does Northern Oil and Gas have?

    Northern Oil and Gas has 1 office.