Northern Oil & Gas, Inc. (A:NOG)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEC
Company Contact
Address: 601 Carlson Pkwy Ste 990
MINNETONKA MN 55305-5218
Tel: N/A
IR: See website
Key People
Bahram Akradi
Lead Independent Chairman of the Board
Nicholas L. O'Grady
President, Chief Financial Officer
Brandon R. Elliott
Chief Executive Officer
Erik J. Romslo
Executive Vice President, General Counsel, Secretary
Adam A Dirlam
Executive Vice President - Land & Operations
Chad W. Allen
Chief Accounting Officer
Business Overview
Northern Oil and Gas, Inc. is an independent energy company. The Company is 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 holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations. The Company leases approximately 165,910 net acres, all located in the Williston Basin. The Company engages in oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include its acreage. The Company's proved reserves are approximately 65.3 million barrels of oil equivalent (MMBoe).
Financial Overview
For the nine months ended 30 September 2019, Northern Oil & Gas, Inc. revenues increased 75% to $413.4M. Net income totaled $31.6M vs. loss of $74.6M. Revenues reflect Oil and Gas Sales increase of 29% to $440.5M, Gain on Derivative Instruments, Net increase of 74% to -$27.1M. Net Income reflects Loss on the Extinguishment of Debt decrease of 100% to $425K (expense), Interest Expense, Net of Capitalization decrease of 11% to $58.8M (expense).
Employees: 20 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,897M as of Sep 30, 2019
Annual revenue (TTM): $856.58M as of Sep 30, 2019
EBITDA (TTM): $675.90M as of Sep 30, 2019
Net annual income (TTM): $249.91M as of Sep 30, 2019
Free cash flow (TTM): -$195.21M as of Sep 30, 2019
Net Debt Last Fiscal Year: $1,138M as of Sep 30, 2019
Shares outstanding: 404,346,470 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization