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, MN, US
Websitenorthernoil.com

Latest Updates

Employees (est.) (Feb 2019)18
Revenue (FY, 2016)$144.9 M(-47%)
Share Price (Nov 2021)$23.9
Cybersecurity ratingAMore
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Key People/Management at Northern Oil and Gas

Nicholas O'Grady

Nicholas O'Grady

President, Chief Financial Officer
Erik Romslo

Erik Romslo

Chief Legal Officer and Secretary
Lisa Bromiley

Lisa Bromiley

Director
Roy Easley

Roy Easley

Director
Adam Dirlam

Adam Dirlam

Chief Operating Officer
Michael Frantz

Michael Frantz

Director
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Northern Oil and Gas Office Locations

Northern Oil and Gas has an office in Hopkins
Hopkins, MN, 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 $144.9 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 (12-Nov-2021)

1.6b

Closing stock price (12-Nov-2021)

23.9

Cash (31-Dec-2016)

6.5m
Northern Oil and Gas's current market capitalization is $1.6 b.
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

93/100

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Northern Oil and Gas Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Northern Oil and Gas Online and Social Media Presence

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Northern Oil and Gas Blogs

Northern Oil and Gas, Inc. Announces Borrowing Base Increase

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company” or “Northern”) today announced that the borrowing base under its reserves-based revolving credit facility has been increased to $850.0 million from $725.0 million. Northern has chosen to increase the el…

Northern Oil and Gas, Inc. Announces Third Quarter 2021 Earnings Release and Conference Call

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to third quarter 2021 financial and operating results on Friday, November 5, 2021, before the market opens. Additi…

Northern Oil and Gas, Inc. Announces Williston Basin Bolt-on Acquisition

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…

Northern Oil and Gas, Inc. Declares Cash Dividend on its Common Stock, Increased 50% Over Prior Quarter

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: 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 …

Northern Oil and Gas, Inc. Announces 106% Increase in Midyear Proved Reserves

Total proved reserves as of June 30, 2021, increased 106% from year-end 2020 to 252.3 million barrels of oil equivalent (“MMBoe”), with an associated PV-10 value of $1.69 billion at SEC Pricing, 87% of which is proved developed Using Strip Pricing as of June 30, 2021, total PV-10 value was appro…

Northern Oil and Gas, Inc. Announces Second Quarter 2021 Earnings Release and Conference Call

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to second quarter 2021 financial and operating results on Thursday, August 5, 2021, before the market opens. Addit…
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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, Erik Romslo and Lisa Bromiley.

  • 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 Dana Energy, Oil Search and Helmerich & Payne.

  • 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.