Northern Oil And Gas (NOG) Posts Q1 EPS of $0.27

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Go back to Northern Oil And Gas (NOG) Posts Q1 EPS of $0.27

Northern Oil and Gas, Inc. Announces 2017 First Quarter Results and Borrowing Base Redetermination under Revolving Credit Facility

May 8, 2017 6:30 AM EDT

MINNETONKA, Minn., May 8, 2017 /PRNewswire/ -- Northern Oil and Gas, Inc. (NYSE MKT: NOG) today announced 2017 first quarter results and completion of the semi-annual borrowing base redetermination under Northern's revolving credit facility. 

HIGHLIGHTS

Production totaled 1,196,924 barrels of oil equivalent ("Boe") for the first quarter, averaging 13,299 Boe per day. Northern's first quarter 2017 producing well additions have a 30 day initial production average of 1,485 Boe per day, a 34% increase over the 2016 additions. Northern's 2016 producing well additions are tracking a 1 million Boe average type curve, a 59% increase over the... More