Northern Oil And Gas (NOG) Tops Q1 EPS by 4c
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Northern Oil and Gas, Inc. Announces 2016 First Quarter Results and Borrowing Base Redetermination and Amendments under Revolving Credit Facility
May 9, 2016 4:30 PM EDTWAYZATA, Minn., May 9, 2016 /PRNewswire/ -- Northern Oil and Gas, Inc. (NYSE MKT: NOG) today announced 2016 first quarter results, as well as a borrowing base redetermination and amendments under its revolving credit facility.
HIGHLIGHTS
Production averaged 13,552 barrels of oil equivalent ("Boe") per day, for a total of 1,233,227 Boe Oil and gas sales, including cash from settled derivatives, totaled $53.8 million Northern added 41 gross (3.0 net) wells to production during the first quarter Capital expenditures totaled $18.1 million during the first quarter, a reduction of 59%... More