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Northern Oil and Gas' (NOG) second-quarter production (comprising 60% oil) increased 25% from the year-ago level to 90,878 barrels of oil equivalent per day.
Our estimate for Northern Oil and Gas' production indicates around 24.6% increase from the year-ago period's reported number.
Northern Oil and Gas (NOG) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 4.1%, on average.
MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Second Quarter 2023 Earnings Release and Conference Call.
Northern (NOG) partners with Vital Energy to complete the acquisition of Delaware Basin assets for a cash payment of $167.9 million.
Northern (NOG) partners with Earthstone Energy (ESTE) in a joint acquisition venture of certain assets of Novo Oil and Gas Holdings.
Their business model consisting of non-operating interests in upstream provides the revenue without the headaches. A proven and well-executed strategy of acquisition clearly shows the foresight of management. Their flexibility in capital allocation allows them the ability to shift capital at the proverbial "drop of a hat" to the area that can provide maximum return.
One of the quietest days of the year in the UK closes out the week on Friday. Khazak group Nostrum Oil & Gas Plc (Nostrum Oil & Gas Plc (LSE:NOG)) will be providing full-year result alongside its annual report.
The acquisition will add to Northern Oil and Gas' (NOG) Permian Basin position and is expected to be immediately accretive to multiple metrics.
Northern Oil (NOG) expects annual production of 91,000-96,000 Boe/d, oil-mix of 62-64% and total capital spending of $737-$778 million for 2023.