{ "schemaVersion": 1, "organisationId": "O-b2d2e3c520a846db91a0ab9a39bc6aaa", "slug": "northern-oil-gas-inc", "name": "NORTHERN OIL & GAS, INC.", "updatedAt": "2026-10-02T12:21:39.834753Z", "sections": [ { "type": "OVERVIEW", "text": "Northern Oil & Gas, Inc. (NOG) is an independent U.S. oil and natural gas company operating primarily as a non-operator: it holds interests in properties developed and operated by other exploration and production companies. Its activities span acquiring interests in, and participating in the exploration, development and production of, oil and natural gas properties. Its principal areas are the Williston, Permian, Appalachian and Uinta basins. Founded in 2006, the company expanded beyond its original Williston focus through acquisitions beginning in 2020. [P93603373][P67205061][https://www.northernoil.com/about/board-of-directors/default.aspx]\n\nNOG describes its mission as generating industry-leading shareholder returns through capital allocation to attractive risk-adjusted projects and partnerships with responsible E&P companies. For scale, it reported approximately $2.48 billion in total revenue and average daily production of 140,064 barrels of oil equivalent in 2025. [https://www.northernoil.com/investor-relations/investor-overview/default.aspx][P110886709][P67205061]\n[P93603373][P67205061][https://www.northernoil.com/about/board-of-directors/default.aspx][https://www.northernoil.com/investor-relations/investor-overview/default.aspx][P110886709][https://www.northernoil.com/about/board-of-directors/default.aspx][https://www.northernoil.com/investor-relations/investor-overview/default.aspx]", "updatedAt": "2026-10-02T12:21:39.834753Z" }, { "type": "PRODUCTS", "text": "Northern Oil & Gas, Inc.’s products are crude oil, natural gas, and natural gas liquids (NGLs) produced from its upstream interests. The company operates as a non-operated owner and investor in oil and natural-gas properties; wells are operated by third-party partners. [P154810083][https://www.northernoil.com/overview/default.aspx]\n\nFor the six months ended June 30, 2026, the company reported production of 12.834 million barrels of oil and 82.614 billion cubic feet of natural gas, totaling 26.603 million barrels of oil equivalent (Boe). Oil represented approximately 48.2% of total production on a Boe basis. Reported sales were $998.346 million from oil and $212.305 million from natural gas and NGLs; oil accounted for approximately 82.5% of those combined sales, before derivative gains or losses. The company did not separately report natural gas and NGL sales in these figures. [P154810446]\n\nThe reviewed company materials describe no distinct customer services or product-level technical specifications. [https://www.northernoil.com/about/business-strategy/default.aspx]\n[P154810083][https://www.northernoil.com/overview/default.aspx][P154810446][https://www.northernoil.com/about/business-strategy/default.aspx][https://www.northernoil.com/overview/default.aspx][https://www.northernoil.com/about/business-strategy/default.aspx]", "updatedAt": "2026-10-02T12:21:39.834753Z" }, { "type": "GEOGRAPHY", "text": "As of the second quarter of 2026, Northern Oil & Gas operated across five North American basins: Williston in North Dakota, South Dakota and Montana; Permian in Texas and New Mexico; Appalachian in Pennsylvania, Ohio and West Virginia; Uinta in Utah; and Duvernay in Alberta, Canada. Its Duvernay interest followed a 2026 acquisition of a 25% non-operated working interest. [https://www.northernoil.com/about/our-portfolio/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Strategic-Entry-into-Canada-with-Light-Oil-Duvernay-Acquisition-Takes-25-Undivided-Stake-in-Assets-with-Long-Term-Joint-Development-Agreement/default.aspx]\n\nFor the quarter ended June 30, 2026, production by basin was 34% Permian, 30% Appalachian, 27% Williston, 8% Uinta and 1% Duvernay. The company reports sales largely from its North American operating areas, but does not provide revenue percentages by country, region, basin or state. [https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Second-Quarter-2026-Results/default.aspx][T17856588]\n\nAt year-end 2025, before the Duvernay acquisition, the company reported 301,797 net acres across its U.S. holdings: 177,656 in Williston, 62,198 in Appalachian, 45,767 in Permian and 16,176 in Uinta. Its executive offices were in Minnetonka, Minnesota; it reported 64 full-time employees at December 31, 2025, without a geographic breakdown of staff. [T6671525][P154810073]\n[https://www.northernoil.com/about/our-portfolio/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Strategic-Entry-into-Canada-with-Light-Oil-Duvernay-Acquisition-Takes-25-Undivided-Stake-in-Assets-with-Long-Term-Joint-Development-Agreement/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Second-Quarter-2026-Results/default.aspx][T17856588][T6671525][P154810073][https://www.northernoil.com/about/our-portfolio/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Strategic-Entry-into-Canada-with-Light-Oil-Duvernay-Acquisition-Takes-25-Undivided-Stake-in-Assets-with-Long-Term-Joint-Development-Agreement/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Second-Quarter-2026-Results/default.aspx]", "updatedAt": "2026-10-02T12:21:39.834753Z" }, { "type": "SEGMENTS", "text": "Northern Oil & Gas reports one operating and reportable segment: the acquisition, exploration, development, and production of crude oil and natural gas in the United States. The company operates as a non-operator, with activities concentrated in the Williston, Permian, Appalachian, and Uinta basins. [P32199214][P100391568]\n\nBecause the company reports its business as a single segment, that segment represents 100% of reported segment activity; the company does not disclose separate reportable-segment contributions or basin-level revenue shares. [P100391568]\n[P32199214][P100391568]", "updatedAt": "2026-10-02T12:21:39.834753Z" }, { "type": "HISTORY", "text": "Northern Oil & Gas was incorporated in 2006, with Michael L. Reger among its founders. The company emerged from a merger effective March 20, 2007, and began building its position in North Dakota’s Williston Basin. In 2008 it reported rapid acreage growth in the Bakken and Three Forks formations, including an increase from about 32,000 net acres in May to roughly 60,000 by July. [P196324959][https://www.sec.gov/Archives/edgar/data/1104485/000102402007000018/kentex8k003.htm][https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Announces-First-Quarter-Results-and-Provides-an-Update-on-Williston-Basin-Drilling-Program-05-15-2008/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Inc.-Announces-Significant-Bakken-Discoveries-Three-ForksSanish-Plans-and-Updates-Accelerated-2008-Drilling-Schedule-and-Capital-Position-07-21-2008/default.aspx]\n\nIn 2018, NOG undertook a financial recapitalization and expanded its Williston Basin holdings through acquisitions. Nick O’Grady, who joined as chief financial officer in 2018 and became president in 2019, was appointed chief executive officer in January 2020. [https://www.northernoil.com/investor-relations/investor-news/news-details/2018/Northern-Oil-and-Gas-Inc.-Announces-2018-First-Quarter-Results-and-Increases-2018-Production-Guidance-05-07-2018/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2019/Northern-Oil-and-Gas-Inc.-Announces-Record-Fourth-Quarter-and-Full-Year-2018-Results-Updates-2019-Guidance-03-12-2019/default.aspx][P14144879]\n\nThe company began expanding beyond its historical Williston focus with Permian acquisitions in 2020 and an agreement to acquire Appalachian assets in 2021. Further acquisitions diversified its holdings across the Permian and Appalachian basins; in 2023, NOG also announced its entry into Ohio’s Utica Shale. In October 2024, it closed an acquisition of Uinta Basin assets with SM Energy, taking a 20% working interest. [P176515760][P72089441][P51164693]\n[P196324959][P14144879][P176515760][P72089441][P51164693][https://www.sec.gov/Archives/edgar/data/1104485/000102402007000018/kentex8k003.htm][https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Announces-First-Quarter-Results-and-Provides-an-Update-on-Williston-Basin-Drilling-Program-05-15-2008/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Inc.-Announces-Significant-Bakken-Discoveries-Three-ForksSanish-Plans-and-Updates-Accelerated-2008-Drilling-Schedule-and-Capital-Position-07-21-2008/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2018/Northern-Oil-and-Gas-Inc.-Announces-2018-First-Quarter-Results-and-Increases-2018-Production-Guidance-05-07-2018/default.aspx][https://www.northernoil.com/investor-relations/investor-news/news-details/2019/Northern-Oil-and-Gas-Inc.-Announces-Record-Fourth-Quarter-and-Full-Year-2018-Results-Updates-2019-Guidance-03-12-2019/default.aspx]", "updatedAt": "2026-10-02T12:21:39.834753Z" } ], "sources": [ { "id": "P93603373", "href": "https://app.finbar.com/go?id=P93603373", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P67205061", "href": "https://app.finbar.com/go?id=P67205061", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "https://www.northernoil.com/about/board-of-directors/default.aspx", "href": "https://www.northernoil.com/about/board-of-directors/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-overview/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-overview/default.aspx", "label": "www.northernoil.com" }, { "id": "P110886709", "href": "https://app.finbar.com/go?id=P110886709", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P154810083", "href": "https://app.finbar.com/go?id=P154810083", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2026 Q 2)", "documentId": "D-d00d332eb41d4feabbb6ac5dd34fb0ff" }, { "id": "https://www.northernoil.com/overview/default.aspx", "href": "https://www.northernoil.com/overview/default.aspx", "label": "www.northernoil.com" }, { "id": "P154810446", "href": "https://app.finbar.com/go?id=P154810446", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2026 Q 2)", "documentId": "D-d00d332eb41d4feabbb6ac5dd34fb0ff" }, { "id": "https://www.northernoil.com/about/business-strategy/default.aspx", "href": "https://www.northernoil.com/about/business-strategy/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/about/our-portfolio/default.aspx", "href": "https://www.northernoil.com/about/our-portfolio/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Strategic-Entry-into-Canada-with-Light-Oil-Duvernay-Acquisition-Takes-25-Undivided-Stake-in-Assets-with-Long-Term-Joint-Development-Agreement/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Strategic-Entry-into-Canada-with-Light-Oil-Duvernay-Acquisition-Takes-25-Undivided-Stake-in-Assets-with-Long-Term-Joint-Development-Agreement/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Second-Quarter-2026-Results/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2026/NOG-Announces-Second-Quarter-2026-Results/default.aspx", "label": "www.northernoil.com" }, { "id": "T17856588", "href": "https://app.finbar.com/go?id=T17856588", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2026 Q 2)", "documentId": "D-d00d332eb41d4feabbb6ac5dd34fb0ff" }, { "id": "T6671525", "href": "https://app.finbar.com/go?id=T6671525", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P154810073", "href": "https://app.finbar.com/go?id=P154810073", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2026 Q 2)", "documentId": "D-d00d332eb41d4feabbb6ac5dd34fb0ff" }, { "id": "P32199214", "href": "https://app.finbar.com/go?id=P32199214", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P100391568", "href": "https://app.finbar.com/go?id=P100391568", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P196324959", "href": "https://app.finbar.com/go?id=P196324959", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2015 Y)", "documentId": "D-97ecc858d05a483287b939941f5f28de" }, { "id": "https://www.sec.gov/Archives/edgar/data/1104485/000102402007000018/kentex8k003.htm", "href": "https://www.sec.gov/Archives/edgar/data/1104485/000102402007000018/kentex8k003.htm", "label": "www.sec.gov" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Announces-First-Quarter-Results-and-Provides-an-Update-on-Williston-Basin-Drilling-Program-05-15-2008/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Announces-First-Quarter-Results-and-Provides-an-Update-on-Williston-Basin-Drilling-Program-05-15-2008/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Inc.-Announces-Significant-Bakken-Discoveries-Three-ForksSanish-Plans-and-Updates-Accelerated-2008-Drilling-Schedule-and-Capital-Position-07-21-2008/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2008/Northern-Oil-and-Gas-Inc.-Announces-Significant-Bakken-Discoveries-Three-ForksSanish-Plans-and-Updates-Accelerated-2008-Drilling-Schedule-and-Capital-Position-07-21-2008/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2018/Northern-Oil-and-Gas-Inc.-Announces-2018-First-Quarter-Results-and-Increases-2018-Production-Guidance-05-07-2018/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2018/Northern-Oil-and-Gas-Inc.-Announces-2018-First-Quarter-Results-and-Increases-2018-Production-Guidance-05-07-2018/default.aspx", "label": "www.northernoil.com" }, { "id": "https://www.northernoil.com/investor-relations/investor-news/news-details/2019/Northern-Oil-and-Gas-Inc.-Announces-Record-Fourth-Quarter-and-Full-Year-2018-Results-Updates-2019-Guidance-03-12-2019/default.aspx", "href": "https://www.northernoil.com/investor-relations/investor-news/news-details/2019/Northern-Oil-and-Gas-Inc.-Announces-Record-Fourth-Quarter-and-Full-Year-2018-Results-Updates-2019-Guidance-03-12-2019/default.aspx", "label": "www.northernoil.com" }, { "id": "P14144879", "href": "https://app.finbar.com/go?id=P14144879", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" }, { "id": "P176515760", "href": "https://app.finbar.com/go?id=P176515760", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2020 Y)", "documentId": "D-a9a3d20cd08641b8a20375a1ba038bc3" }, { "id": "P72089441", "href": "https://app.finbar.com/go?id=P72089441", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2023 Y)", "documentId": "D-2a2ae913280b4fdebbf3d931b053abf6" }, { "id": "P51164693", "href": "https://app.finbar.com/go?id=P51164693", "label": "NORTHERN OIL & GAS, INC. — Full financial report (2025 Y)", "documentId": "D-a7a33ddb2e734e238116a702f158cf0e" } ] }